every Saint has a past. Every Sinner has a Future
- #4,762
- Jan 10, 2023 9:55am Jan 10, 2023 9:55am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,763
- Jan 10, 2023 1:29pm Jan 10, 2023 1:29pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,764
- Edited 4:40pm Jan 10, 2023 3:48pm | Edited 4:40pm
- Joined Aug 2006 | Status: Trader | 5,319 Posts
Ranging markets today on GU & GJ
Mark recent Highs & Lows and watch price bounce up & down.
Mark recent Highs & Lows and watch price bounce up & down.
It never gets easier, you just get better
- #4,766
- Jan 11, 2023 6:16am Jan 11, 2023 6:16am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,767
- Edited 8:31am Jan 11, 2023 8:19am | Edited 8:31am
- Joined Aug 2006 | Status: Trader | 5,319 Posts
It never gets easier, you just get better
- #4,768
- Jan 11, 2023 8:26am Jan 11, 2023 8:26am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Was dummy trading this pair to try and spot FVGaps after a break in market structure. ( Something alluded to in the above video I posted) I think price broke structure short, came back and triggered a short at the FVGap( there were two I noted ,one below the other) down to a previous formation low I had marked on a 15 minute chart. ( The short via the FVGap coincides with my normal trade entry via my channel approach) What do you think chaps? {image}
edit: as seen on charts everyday
Mark ... Everything you have been told is a LIE
- #4,769
- Jan 11, 2023 9:12am Jan 11, 2023 9:12am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Looks to be the classic BOS then retrace. edit: as seen on charts everyday
every Saint has a past. Every Sinner has a Future
- #4,770
- Jan 11, 2023 9:23am Jan 11, 2023 9:23am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Looks to be the classic BOS then retrace. edit: as seen on charts everyday
every Saint has a past. Every Sinner has a Future
- #4,771
- Jan 11, 2023 9:27am Jan 11, 2023 9:27am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #4,772
- Jan 11, 2023 9:34am Jan 11, 2023 9:34am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #4,773
- Jan 11, 2023 9:36am Jan 11, 2023 9:36am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #4,774
- Jan 11, 2023 9:41am Jan 11, 2023 9:41am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Ans sp500 nibbles in range EDIT: Moved stop down to open {image}
Calling it a day, wifey has jobs for me
every Saint has a past. Every Sinner has a Future
- #4,775
- Jan 11, 2023 9:43am Jan 11, 2023 9:43am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Where Dax is as I left the screen.
If it still drops massively whilst I am away ( it hasn't breached the other side of the channel ) I will blame spzd !
If it still drops massively whilst I am away ( it hasn't breached the other side of the channel ) I will blame spzd !
every Saint has a past. Every Sinner has a Future
- #4,776
- Jan 11, 2023 9:45am Jan 11, 2023 9:45am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} Stopped out for a few pennies profit . Calling it a day, wifey has jobs for me
Mark ... Everything you have been told is a LIE
- #4,777
- Jan 11, 2023 1:48pm Jan 11, 2023 1:48pm
- Joined Apr 2015 | Status: Trader | 1,068 Posts
{quote} 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...
imo opinions should be for trading styles only, entries/exits aggressive/conservative
but not reading the market, we should all see the same thing, old timers solved that for us but none of us want to listen
GANN talked a lot about 50% for periods (day/week/month/year)
Richard Donchian gave us his channel which is a simple high/low/50% at the end of periods (can be replaced by Bollinger bands)
Charles Dow gave us rules to identify trend stages HHHL-LHLL
by knowing these principals, divergence and OB/OS indi's well make more sense to confirm high/low of Dow reading and direction
cheers,
"the public is not yet ready for it" W.D. GANN
{quote} Hello Pete, imo opinions should be for trading styles only, entries/exits aggressive/conservative but not reading the market, we should all see the same thing, old timers solved that for us but none of us want to listen
Interpretation and analysis which most? = noise? = has a deleterious effect?
Nice talk by Jake Bernstein here. His objective approach (not his setups) his approach of process not interpretation. No 'I think', 'The market wants to' etc... no blah blah noise noise noise noise.
Inserted Video
All the best.
- #4,779
- Jan 12, 2023 4:36am Jan 12, 2023 4:36am
- Joined Apr 2015 | Status: Trader | 1,068 Posts
{quote} Got it. Interpretation and analysis which most? = noise? = has a deleterious effect? Nice talk by Jake Bernstein here. His objective approach (not his setups) his approach of process not interpretation. No 'I think', 'The market wants to' etc... no blah blah noise noise noise noise. https://www.youtube.com/watch?v=60aYXBRcKog All the best.
but I bet you an ARM & LEG no one will listen
most traders want to learn from their mistakes (the hard way) but they repeat the same mistakes for YEARS. sadly to say :/
cheers,
"the public is not yet ready for it" W.D. GANN
- #4,780
- Jan 12, 2023 6:07am Jan 12, 2023 6:07am
- Joined Dec 2018 | Status: Trader | 4,608 Posts
{quote}
Hello Pete, imo opinions should be for trading styles only, entries/exits aggressive/conservative but not reading the market, we should all see the same thing, old timers solved that for us but none of us want to listen
Hi Kwt4x & fellow traders
Yes, there are many principles, discerned & stated from times gone past and we can take knowledge already found and incorporate it with todays trading for sure.
Gann, Donchian & Dow, Wyckoff and others have described market mechanics in their views, plus divergences, hi’s & lows also later.
With current day charting we can also well observe our upcoming events even though this may not be precise to the minute.
To deal with that, often a trader just waiting & observing will allow us to get the gist of what can transpire (and relatively soon also, ie in a day or two).
For example, periods of Inflection to me are designating a breakout as imminent and can be causally observed on our charts should we take the time.
{quote}
On the 1hr many pairs are now in what I just call Inflection and trading the ranges is available (yesterday was good for that).
The Inflections are also by definition "breakout imminent", so when the dam breaks (and it will) we musn't be positioned on the wrong side.
Often waiting for the big breaker, then a retest of Shabs' structure will allow us some pips with the eventual larger move also.
Keep our eyes open today and tomorrow for such moves, as its primed to go at some point lol. All the best, traders.
The day is done for me, and I’m hitting the sack right now,
There’s some red news coming up in New York while I prefer waking up to see what the outcomes were on the charts in the morning
.All the best, to all traders
Pete
.
