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Flying Dutchman

  • #4,501
  • Dec 19, 2022 4:39pm Dec 19, 2022 4:39pm
Quoting TimeTells
{quote} Sort of like a Line Trader would do nowadays with Price on a chart. Interesting, cheers Shabs
They stood in the pit with a piece of paper with the Pivot numbers, if price went above R2 they would Sell & Buy if price went below S2

Compare open price with PP to get the direction. I think it worked well with Stocks.

No Moving averages, charts or screens to be seen.
It never gets easier, you just get better
  • #4,502
  • Dec 19, 2022 4:47pm Dec 19, 2022 4:47pm
Quoting Shabs19
{quote} They stood in the pit with a piece of paper with the Pivot numbers, if price went above R2 they would Sell & Buy if price went below S2 Compare open price with PP to get the direction. I think it worked well with Stocks. No Moving averages, charts or screens to be seen.
Now everybody sits at home with a program that places the pivots on a program that draws price for you.
Mark ... Everything you have been told is a LIE
  • #4,503
  • Dec 19, 2022 4:51pm Dec 19, 2022 4:51pm
I've closed my live trading books for 2022 and will only be doing trial based trading now, on a non-live a/c, during this Xmas/New Year period to keep me at it.


For any Yen traders out there TODAY, both the BOJ & Kuroda will make announcements so be on your trading-toes if dabbling in that currency today


The times of those announcements etc are listed as "tentative" and as this could be a 'mover' the best I can find around the traps is that

- BOJ announce should be around 0230 to 0330 GMT
- Kuroda to talk around 0630 GMT


This link below may help to convert the above GMT time to your own local timezone

https://greenwichmeantime.com/time/to/gmt-local/
  • #4,504
  • Dec 19, 2022 4:57pm Dec 19, 2022 4:57pm
Quoting spzd
{quote} Now everybody sits at home with a program that places the pivots on a program that draws price for you.
Best movie to watch pit trading :
Trading Places with a Brilliant cast featuring Dan Akroyd, Eddie Murphy, Jamie Lee-Curtis, Don ameche, Ralph Bellamy & Denho;me Elliott.

Inserted Video
It never gets easier, you just get better
  • #4,505
  • Dec 19, 2022 4:59pm Dec 19, 2022 4:59pm
Quoting TimeTells
I've closed my live trading books for 2022 and will only be doing trial based trading now, on a non-live a/c, during this Xmas/New Year period to keep me at it. For any Yen traders out there TODAY, both the BOJ & Kuroda will make announcements so be on your trading-toes if dabbling in that currency today The times of those announcements etc are listed as "tentative" and as this could be a 'mover' the best I can find around the traps is that - BOJ announce should be around 0230 to 0330 GMT - Kuroda to talk around 0630 GMT This link below...
You will definitely know when the spreads widen.
Mark ... Everything you have been told is a LIE
  • #4,506
  • Dec 19, 2022 5:00pm Dec 19, 2022 5:00pm
Quoting Shabs19
{quote} Best movie to watch pit trading : Trading Places with a Brilliant cast featuring Dan Akroyd, Eddie Murphy, Jamie Lee-Curtis, Don ameche, Ralph Bellamy & Denho;me Elliott. https://www.youtube.com/watch?v=I0swBR40_R8
Have watched this many times.
Mark ... Everything you have been told is a LIE
  • #4,507
  • Dec 19, 2022 5:26pm Dec 19, 2022 5:26pm
Quoting Shabs19
{quote}
Best movie to watch pit trading : Trading Places with a Brilliant cast featuring Dan Akroyd, Eddie Murphy, Jamie Lee-Curtis, Don ameche, Ralph Bellamy & Denho;me Elliott. https://www.youtube.com/watch?v=I0swBR40_R8

A classic movie for sure.
And
Those pits back then look like they would translate to the crypto frenzy these days
  • #4,508
  • Dec 19, 2022 7:44pm Dec 19, 2022 7:44pm
Speaking of pits this is good one from Sydney futures exchange in the 90's.

Inserted Video

A good Q nad A with the star many years later. He makes a lot of sense. Observe, be alive and awake.
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  • #4,509
  • Dec 19, 2022 9:57pm Dec 19, 2022 9:57pm
Quoting TimeTells
I've closed my live trading books for 2022 and will only be doing trial based trading now, on a non-live a/c, during this Xmas/New Year period to keep me at it. For any Yen traders out there TODAY, both the BOJ & Kuroda will make announcements so be on your trading-toes if dabbling in that currency today The times of those announcements etc are listed as "tentative" and as this could be a 'mover' the best I can find around the traps is that - BOJ announce should be around 0230 to 0330 GMT - Kuroda to talk around 0630 GMT This link below...
Ahhhh Pete you gave the Warning LOL....

And out goes the floor....

Now lets take a look at the bigger TFs and see whose money they just stole LOL....

Do you think Kuroda whispered any thing to "a buddy" ?

The power to move the markets like that could corrupt some people or are they all angels LOL....

Cheers Fellas !
Markets are Mirrors,,Mastery of craft is mastery of self
  • #4,510
  • Dec 19, 2022 11:48pm Dec 19, 2022 11:48pm
Quoting bluesteele
{quote} Ahhhh Pete you gave the Warning LOL.... And out goes the floor.... Now lets take a look at the bigger TFs and see whose money they just stole LOL.... Do you think Kuroda whispered any thing to "a buddy" ? The power to move the markets like that could corrupt some people or are they all angels LOL.... Cheers Fellas !
I wish you would warn us before upping the lot size Kev!!
  • #4,511
  • Dec 20, 2022 3:01am Dec 20, 2022 3:01am
Quoting Turn1
{quote} Tonight's Direction on the JPY PAIRS Sells GBP/[email protected] Chart on 8hour show peaking Highs and Asian market reflects off of the U.S Market gains Earlier today. F Mainly from consumer purchases out of United States towards Asia(China) Manufacturing... {image}
GBP/JPY sells still in play lockin profit @161.40 (8hr chart trades last over a week) 4hr chart trades around 4days / 2hr around 1day
OVER 800PIPS
CHF pairs should regain on buy direction near N.Y Session
  • #4,512
  • Dec 20, 2022 6:14am Dec 20, 2022 6:14am
Quoting bluesteele
{quote} Hahaha...Well I can unequivocally say with a very high degree of probability that.... What follows 2 days of rain in Vancouver Canada....??? Monday !!!
Many, many years ago in the UK, I had just finished a mechanical engineering apprenticeship ( 5 years in those days with one day a week at technical college) and was offered a chance to go to Canada after my apprenticeship, all paid for by the firm (Cornish mining company manufactured rock drills and air compressors).
Had a girlfriend who declined to go with me so I turned down the opportunity. I often wished I had gone, just to see what life was like. Many from the company went to Australian Canada etc. The merchant navy was also popular with ex- apprentices.Those going to Canada rarely came back to the UK. Australia had a higher return rate for some reason.
every Saint has a past. Every Sinner has a Future
  • #4,513
  • Dec 20, 2022 6:44am Dec 20, 2022 6:44am
Quoting turnip15
{quote} Those going to Canada rarely came back to the UK. Australia had a higher return rate for some reason.
Maybe the Aussie weather was too hot for the POMMies.
Success = Practice + Patience + Persistence
  • #4,514
  • Dec 20, 2022 8:54am Dec 20, 2022 8:54am
Quoting fxpider
{quote} Mate, Just a thought on FVG of HTF. According to ICT, FVG shows an imbalance/inefficiency in the price due to the rapid rise or fall, and the price tends to revisit the area as the price was not offered in that area. Now, if you zoom in to LTF, we can see that prices have been already visited/offered in the FVG area, within that rapid rise or fall that was visible in one candle move (HTF). Considering that, to me, the FVG in 1M ( the lowest TF possible, well.... in MT4) would be more accurate. I will appreciate your input on this. ...
A HTF gap is a gap, it doesn't matter if it is filled on LTF, the premise is again old highs/lows even with in HTF FVGs
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"Exchange of hands"
  • #4,515
  • Dec 20, 2022 10:12am Dec 20, 2022 10:12am
How to get that trading job at a top bank.
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every Saint has a past. Every Sinner has a Future
  • #4,516
  • Dec 20, 2022 10:23am Dec 20, 2022 10:23am
Quoting bilal1947
{quote} A HTF gap is a gap, it doesn't matter if it is filled on LTF, the premise is again old highs/lows even with in HTF FVGs {image}
For me, FVG is a gray area and causes me analysis paralysis. There are FVG in each and every TF. I can't see the chart because of the rectangular boxes.

But you are quite efficient in using FVG, which is obvious from your post and thread.
Success = Practice + Patience + Persistence
  • #4,517
  • Dec 20, 2022 10:35am Dec 20, 2022 10:35am
Quoting bluesteele
{quote} Ahhhh Pete you gave the Warning LOL.... And out goes the floor.... Now lets take a look at the bigger TFs and see whose money they just stole LOL.... Do you think Kuroda whispered any thing to "a buddy" ? The power to move the markets like that could corrupt some people or are they all angels LOL.... Cheers Fellas !

Up from USA Open Line and back again
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,518
  • Dec 20, 2022 10:49am Dec 20, 2022 10:49am
Quoting turnip15
{quote} Up from USA Open Line and back again {image}
Now does that really surprise anyone.
Mark ... Everything you have been told is a LIE
  • #4,519
  • Dec 20, 2022 10:53am Dec 20, 2022 10:53am
Quoting spzd
{quote} Now does that really surprise anyone.
Yes - I imagine many are totally ignorant of such things. But that's okay because we hope to be on the other side of their trades
every Saint has a past. Every Sinner has a Future
  • #4,520
  • Dec 20, 2022 11:12am Dec 20, 2022 11:12am
Quoting fxpider
{quote} For me, FVG is a gray area and causes me analysis paralysis. There are FVG in each and every TF. I can't see the chart because of the rectangular boxes. But you are quite efficient in using FVG, which is obvious from your post and thread.
In the book of ICT it is the old highs/lows, where your focus should be and as far as fvg are concerned they have their roles but the precursor remains the same i.e., old high/low and are enough.

regards
bilal
"Exchange of hands"
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