I will continue digging into the INTENT, tomorrow. It's time (4 am !!) for me to hit the bed.
Stay safe, and trade well.
Stay safe, and trade well.
Success = Practice + Patience + Persistence
- #5,661
- Mar 6, 2023 11:08am Mar 6, 2023 11:08am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
- #5,662
- Mar 6, 2023 11:14am Mar 6, 2023 11:14am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
I will continue digging into the INTENT, tomorrow. It's time (4 am !!) for me to hit the bed. Stay safe, and trade well.
Mark ... Everything you have been told is a LIE
- #5,665
- Mar 6, 2023 12:48pm Mar 6, 2023 12:48pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
A crazy (and coincidental 50%) week for GJ also. The New BoJ Gov inductee will make his first policy speech late April (7 wks). Luckily no one will know the content in advance so the markets won't respond until then (). Well maybe only with wild speculation that is. A fairly benign 60 pips day range yesterday (inflection) & price STILL hovering around the halfway mark of the last major swing. Monday gap, who knows ???? Next week could well be interesting for the pair. . {image}
It was good to see some posters back. Hope y'all spend more time.
Here is the GJ a few hours from Monday close and no change. Pete's chart highlighted Friday. This current range has it's roots go back to Wednesday. So yeah this is significant. And the question is, What is the intent?
The one big con to this question is that to figure intent requires prognostication of future market activity far beyond most of our normal trading views.
Me, I have no freakin' clue what the intent is.
What I do know is that most of the xxxJPY pairs are in some sort of range, with the USDJPY - half of the equation for the GJ - has also been in a similar range.
The other major factor that always affects currencies is interest rates or anything that could have a major influence on interest rates - see CPI.
Powell has 2 days of testimony. Tuesday and Wednesday.
Kuroda has his swan song and may or may not do something drastic. Who knows with the Japanese and their decades long need for extremely low interest rates.
In conclusion, there is a battle going on between these two central banks. The winner will be seen in price.
Mark ... Everything you have been told is a LIE
- #5,666
- Mar 6, 2023 1:02pm Mar 6, 2023 1:02pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} Intent It was good to see some posters back. Hope y'all spend more time. Here is the GJ a few hours from Monday close and no change. Pete's chart highlighted Friday. This current range has it's roots go back to Wednesday. So yeah this is significant. And the question is, What is the intent? {image} The one big con to this question is that to figure intent requires prognostication of future market activity far beyond most of our normal trading views. Me, I have no freakin' clue what the intent is. What I do know is that most of the xxxJPY...
Mark ... Everything you have been told is a LIE
- #5,667
- Mar 6, 2023 1:08pm Mar 6, 2023 1:08pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #5,668
- Mar 6, 2023 1:30pm Mar 6, 2023 1:30pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Just a couple more.
Pete are you a mathematician? I know your a 20% math guy, but ...
Pete are you a mathematician? I know your a 20% math guy, but ...
Mark ... Everything you have been told is a LIE
- #5,670
- Mar 6, 2023 1:44pm Mar 6, 2023 1:44pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Don't ever, never be mislead into thinking there is only one way. Each of us have our one way. It may or may not mesh with others. This is mine ...
Mark ... Everything you have been told is a LIE
- #5,671
- Mar 6, 2023 1:47pm Mar 6, 2023 1:47pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #5,672
- Mar 6, 2023 1:54pm Mar 6, 2023 1:54pm
- Joined Aug 2007 | Status: Trader | 3,204 Posts
Master your Mind,,,Master the Market
- #5,673
- Mar 6, 2023 2:11pm Mar 6, 2023 2:11pm
- Joined Aug 2007 | Status: Trader | 3,204 Posts
Having a doodle with some measured moves !!! {image}
Measured moves..now that's something that resonates with me... Market mechanics or as some would imply.intent.... Hindsight is foresight when properly applie.ld.im trading... Not to be confused with hindsight bias which traps most traders...
MMs are a mainstay of my analysis and methods.... Coupled.with timing... Knowing.when to trade and Where to trade.. MMs can provide a great Roadmap to trading the 1m or 5m charts..
As Pete had mentioned awhile back I spent alot of time with George.. delving into trading the Daily 4hr.odf the 1m and 5m charts....
Look at these moves ... Drill down the timing of these moves and you will see they all happen at certain times..sessions....and a bigger part is understanding the mechanics of these moves in pushes of 3.and levels of 3
And how all of these MMs are used to stop hunt ...levels again... 25-50 pips
It is a non stop repeating fractal pattern... The measured moves happen across all TFs .. love them
Anyhow.just thought I'd bring this up.. yes I do use large TFs. W D 4hr and enter off 1m.5m and 15m patterns that develop at these levels and areas of interest as outlined by the MMs.
Perhaps the chart sparks an.idea in someone and helps you slow down and see the market in a different light ...
As I know what makes sense to me might be a foreign language to others ..but hope someone gets something out of it....
All the best to everyone here...some good discussions of late...
Cheers
Blue
Not sure if this is a good quality image..or maybe my eyes are blurry lol...if not will edit and the one from my desktop...
..
Master your Mind,,,Master the Market
- #5,674
- Mar 6, 2023 2:53pm Mar 6, 2023 2:53pm
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} Hi Dave, Measured moves..now that's something that resonates with me... Market mechanics or as some would imply.intent.... Hindsight is foresight when properly applie.ld.im trading... Not to be confused with hindsight bias which traps most traders... MMs are a mainstay of my analysis and methods.... Coupled.with timing... Knowing.when to trade and Where to trade.. MMs can provide a great Roadmap to trading the 1m or 5m charts.. As Pete had mentioned awhile back I spent alot of time with George.. delving into trading the Daily 4hr.odf the...
- #5,675
- Mar 6, 2023 4:13pm Mar 6, 2023 4:13pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Sometimes taking a day off works also.
That's what the weekends are BEST for imho
Trade On!
- #5,676
- Mar 6, 2023 4:14pm Mar 6, 2023 4:14pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
I will continue digging into the INTENT, tomorrow. It's time (4 am !!) for me to hit the bed. Stay safe, and trade well.
- #5,678
- Edited 4:51pm Mar 6, 2023 4:31pm | Edited 4:51pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
Crikey, I wake up and so much to read, cheers & thx to all
(apologies to any I missed upticking, it wasn't because I didn't value stuff, EVERYTHING we see helps us to learn).
I think we can all safely say now we are looking at the fuller Market Mechanics & Behaviours.
(As Kev mentioned earlier in a post, many here spent time with George discussing his own viewpoint on things such as these market mechanics).
(THOUGH, too many I believe in my heart, read his thread only looking for one magical indicator that might change their lives forever).
Whereas, the DAILY market mechanics & behaviour
that George showed in his first thread, have stood the test of time and reappear each & every day on the charts
(well, on the charts that I see lol)
Yet another chart now (from yesterday, my fave GJ lol),
And I hear you already lol,
Your charts TT ALL LOOK THE SAME
Well it's because, imho, the Markets ARE the same each day
Just the playbook varies on their expansions, NOT the Targets, & they're great utilised with an extra confluence.
.
(apologies to any I missed upticking, it wasn't because I didn't value stuff, EVERYTHING we see helps us to learn).
I think we can all safely say now we are looking at the fuller Market Mechanics & Behaviours.
(As Kev mentioned earlier in a post, many here spent time with George discussing his own viewpoint on things such as these market mechanics).
(THOUGH, too many I believe in my heart, read his thread only looking for one magical indicator that might change their lives forever).
Whereas, the DAILY market mechanics & behaviour
that George showed in his first thread, have stood the test of time and reappear each & every day on the charts
(well, on the charts that I see lol)
Yet another chart now (from yesterday, my fave GJ lol),
And I hear you already lol,
Your charts TT ALL LOOK THE SAME
Well it's because, imho, the Markets ARE the same each day
Just the playbook varies on their expansions, NOT the Targets, & they're great utilised with an extra confluence.
.
- #5,679
- Mar 6, 2023 4:42pm Mar 6, 2023 4:42pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #5,680
- Mar 6, 2023 4:46pm Mar 6, 2023 4:46pm
- Joined Dec 2018 | Status: Trader | 4,597 Posts
{quote}
Your speciality, the Asian Range, Horses for Courses............
I have to Shabs, it's just where I live (and I HAVE to sleep at some point, hahaa
)My charts ARE busy I know.
But daily, take it all JUST one session at a time.
The playbook plays out as the day progresses, and the targets are always there, ahead of us (one above, and one below always).
AND
(the Asia targets are still all sitting there, waiting for the next sessions to spy them out
)