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Flying Dutchman

  • #4,741
  • Jan 9, 2023 8:20am Jan 9, 2023 8:20am
Quoting Shabs19
After NFP friday, USD is weak across all pairs
The Fed released their death grip a month 1/2 two months ago. Japan fought back first, then the UK. Don't ask what the death grip consist of. This is way beyond my clearance.
Mark ... Everything you have been told is a LIE
  • #4,742
  • Jan 9, 2023 10:08am Jan 9, 2023 10:08am
Quoting spzd
{quote} The Fed released their death grip a month 1/2 two months ago. Japan fought back first, then the UK. Don't ask what the death grip consist of. This is way beyond my clearance.
http://www.marctomarket.com/2023/01/...-ahead-of.html
It never gets easier, you just get better
  • #4,743
  • Jan 9, 2023 10:13am Jan 9, 2023 10:13am
Quoting Shabs19
{quote} http://www.marctomarket.com/2023/01/...-ahead-of.html
That is current. They had all the currencies on the ropes toward end of last year then they eased up. Saw too many 3rd worlds starting to go belly up. Besides what they were doing to the G7.
Mark ... Everything you have been told is a LIE
  • #4,744
  • Jan 9, 2023 10:37am Jan 9, 2023 10:37am
Quoting spzd
{quote} That is current. They had all the currencies on the ropes toward end of last year then they eased up. Saw too many 3rd worlds starting to go belly up. Besides what they were doing to the G7.
They don't need bombs only to destroy economies of the world.

* Fed Powell speaking at an event tomorow not evne mentioned on the FF calendar.

GU & EU weekly charts shows MS overhead 1.2220- 1.2210 and 1.080 respectively

So both pretty close to a drop ?
It never gets easier, you just get better
  • #4,745
  • Jan 9, 2023 10:43am Jan 9, 2023 10:43am
Quoting Shabs19
{quote} They don't need bombs only to destroy economies of the world. * Fed Powell speaking at an event tomorow not evne mentioned on the FF calendar. GU & EU weekly charts shows MS overhead 1.2220- 1.2210 and 1.080 respectively So both pretty close to a drop ?
A couple day pump and dump.
Mark ... Everything you have been told is a LIE
  • #4,746
  • Jan 9, 2023 12:11pm Jan 9, 2023 12:11pm
Well the sp500 was okay today. Less whip.
3 minute chart still appears less ragged than the one minute.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: US500_2023-01-09_20-08-27_d4489.png Size: 129 KB
Click to Enlarge Name: US500_2023-01-09_20-09-08_93c7f.png Size: 127 KB
every Saint has a past. Every Sinner has a Future
  • #4,747
  • Jan 9, 2023 1:38pm Jan 9, 2023 1:38pm
Quoting turnip15
{quote}
What time zone is your "Daily Open" taken from please TT ?

Hi T,

Shabs nailed it, 00:00

I use the 5day New York close charts.

There is 'some' currency trading 'somewhere' though for a few hours late on the Sunday which can often prompt a Monday gap on opening.

My take is (and only from casual observations, NOT an in depth study as I DON'T ever trade at the opens) is that if they don't fill the gap by around the first hour or so of the new day then it 'could' even remain open for quite a while till they come back.

Don't bet your house on that though, they can do what they want when they want with the forex market imho .
  • #4,748
  • Jan 9, 2023 5:06pm Jan 9, 2023 5:06pm
Quoting TimeTells
There's about 9 stages of examples of Market Mechanics '101' & their Behaviours here in just one chart.
Where will price go now..... imho, wherever they want it to go (once the 'aggregating' is done).

Okay, I won't push it, sorry lol , my last chart for the week,
Mkt Mech "102", a 50% principle
(and is fractal also imo, check it out on higher TFs if you wish)

Just remember, the market can likely do what it wants with price at any point.

(And, all just a personal opinion here of course, I think of the collective 'trade holders' continually aggregating until they are loaded in a chosen direction).

So I like to be on my toes, quick where I can (not always possible), then grab some early TP & get it booked asap, while you could go back for more later if you wish.

Else, imho close your eyes and trade it all from the very top to the very bottom (with a stiff whiskey tho, maybe )

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 discretionary at 50% trading.png Size: 20 KB
  • #4,749
  • Jan 9, 2023 5:18pm Jan 9, 2023 5:18pm
Quoting TimeTells
{quote} Okay, I won't push it, sorry lol , my last chart for the week, Mkt Mech "102", a 50% principle (and is fractal also imo, check it out on higher TFs if you wish) Just remember, the market can likely do what it wants with price at any point. (And, all just a personal opinion here of course, I think of the collective 'trade holders' continually aggregating until they are loaded in a chosen direction). So I like to be on my toes, quick where I can (not always possible), then grab some early TP & get it booked asap, while you could go...
Chart away any time you wish

Very informative.
Mark ... Everything you have been told is a LIE
  • #4,750
  • Jan 9, 2023 6:31pm Jan 9, 2023 6:31pm
Quoting spzd
{quote}
Chart away any time you wish Very informative.

Cheers Mark,

Much appreciated pal.
I post charts from my own viewpoint, so they are opinion based only.

But did I "invent" those opinions, well no.

I received all my good workable info from others (a lot here from the FF) and then I developed a discretionary way of trading from all that.

In regards to the 50% mentioned.
I also remember reading ages ago where Gann (back in 1935 or thereabouts, before my time ) wrote in an article suggesting a trader to,

"see whether the stock is near any halfway point ".

So there is little new under the sun in trading imo.

Trading well is the goal. So we aim to only do that, of course. I believe we are the architects of our own good trades (and therefore our own poor ones also).
Thats how we learn.
  • #4,751
  • Jan 9, 2023 9:55pm Jan 9, 2023 9:55pm
Quoting TimeTells
{quote} Okay, I won't push it, sorry lol , my last chart for the week, Mkt Mech "102", a 50% principle (and is fractal also imo, check it out on higher TFs if you wish) Just remember, the market can likely do what it wants with price at any point. (And, all just a personal opinion here of course, I think of the collective 'trade holders' continually aggregating until they are loaded in a chosen direction). So I like to be on my toes, quick where I can (not always possible), then grab some early TP & get it booked asap, while you could go...
Hi Timetells,

I just look at things with a slightly different "Slant"

I'm mainly Trading AUD/USD at the moment it's the Pair that moves most "Smoothly for me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Observations GBP_JPY Mini_20230110_05.39.png Size: 36 KB
Click to Enlarge Name: 10th Jan 23 M1 Short Trade AUD_USD_20230110_05.50.png Size: 37 KB
  • #4,752
  • Jan 9, 2023 10:24pm Jan 9, 2023 10:24pm
Quoting stevepatt
{quote} Hi Timetells, I just look at things with a slightly different "Slant" I'm mainly Trading AUD/USD at the moment it's the Pair that moves most "Smoothly for me {image} {image}

AUD/USD M1 Observations
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Observations AUD_USD_20230110_06.11.png Size: 38 KB
  • #4,753
  • Jan 9, 2023 10:36pm Jan 9, 2023 10:36pm
Quoting stevepatt
{quote}
Hi Timetells, I just look at things with a slightly different "Slant" I'm mainly Trading AUD/USD at the moment it's the Pair that moves most "Smoothly for me {image} {image}

Hi Steve,

Love your work over the years, sir.
And I can easily 'see' the logic you employed in your GJ overview .

I love charts, everybody's. I get something from all of them, thank you all.

I grabbed myself a little more on GJ buying back into the 'wonderful' drop when I came back later for a look.
It always suits when a 'new' price structure area has been 'run up', allowing new setups again.


I ALSO had a quick look at AUDUSD just then, though it's not a pair I have traded for about 4 yrs.
(I did get burned on it one day I ruefully remember hahaa , never to return, maybe due to that burn I think lol).

Here's my current overview.
I have also posted many a time that I am NOT a pivot trader. And for example I wont use the words support or resistance in my mind,
I prefer the phrase "lines of attraction" as BOTH buyers & sellers can be interested around the same line, prompting their purpose as maybe dual in my eyes.

But many traders are looking at these lines, so I like to also see what they might be looking at,
and I could then consider making a trading decision based on what actually happens around the lines - not what I expect might happen (ie S or R).

For what its worth Steve lol AUDUSD

.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15 a quick look.png Size: 18 KB
  • #4,754
  • Jan 9, 2023 11:07pm Jan 9, 2023 11:07pm
Quoting stevepatt
{quote} AUD/USD M1 Observations {image}
Nice chart and observation. IMO, if they are bullish (I hope they are, cuz my daily bias is bullish until the PDH is taken out ), they will push the price down toward the PDL (LOS, 200 MA, PHOW).
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled (5).jpg Size: 97 KB
Success = Practice + Patience + Persistence
  • #4,755
  • Jan 9, 2023 11:25pm Jan 9, 2023 11:25pm
Quoting stevepatt
{quote} AUD/USD M1 Observations {image}
AUD/USD M1 Short Trade Result +20 Pips +2%

Price will keep Falling until Pending Buy Orders (Value) is reached......
Attached Image (click to enlarge)
Click to Enlarge Name: 10th Jan 23 M1 Short Trade Result AUD_USD_20230110_07.17.png Size: 30 KB
  • #4,756
  • Jan 9, 2023 11:25pm Jan 9, 2023 11:25pm
When THEY are doing THEIR job. lol

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled (6).jpg Size: 58 KB
Success = Practice + Patience + Persistence
  • #4,757
  • Jan 9, 2023 11:28pm Jan 9, 2023 11:28pm
Quoting fxpider
{quote} Nice chart and observation. IMO, if they are bullish (I hope they are, cuz my daily bias is bullish until the PDH is taken out ), they will push the price down toward the PDL (LOS, 200 MA, PHOW).{image}
Hi Fxpider,

Price will keep falling until Pending Buy Orders (Value) is reached

I don't know what the "Movers and Shakers" take Note of to Determine VALUE to Buy
  • #4,758
  • Jan 9, 2023 11:47pm Jan 9, 2023 11:47pm
Quoting stevepatt
{quote} Hi Fxpider, Price will keep falling until Pending Buy Orders (Value) is reached I don't know what the "Movers and Shakers" take Note of to Determine VALUE to Buy
Sir, I just noticed that both of us got almost the same TEXT SIGNATURE.
Success = Practice + Patience + Persistence
  • #4,759
  • Jan 10, 2023 1:31am Jan 10, 2023 1:31am
Quoting TimeTells
{quote} Okay, I won't push it, sorry lol , my last chart for the week, Mkt Mech "102", a 50% principle (and is fractal also imo, check it out on higher TFs if you wish) Just remember, the market can likely do what it wants with price at any point. (And, all just a personal opinion here of course, I think of the collective 'trade holders' continually aggregating until they are loaded in a chosen direction). So I like to be on my toes, quick where I can (not always possible), then grab some early TP & get it booked asap, while you could go...
There's a clean horizontal flip 'n'switch skewer running right throuh todays GJ chart @ 160.647 (from yesterday)

NY Close line also nearby, behaving like a magnet.

Price from above / below respected / rejected a number of times, then UK Open drop.
It never gets easier, you just get better
  • #4,760
  • Jan 10, 2023 5:40am Jan 10, 2023 5:40am
kiss
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5 1.png Size: 12 KB
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