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Flying Dutchman

  • #5,741
  • Mar 7, 2023 6:16am Mar 7, 2023 6:16am
Quoting Shabs19
I honestly would not be able to maintain a thread ad give a running commentary, I have enough on my plate with all the notifications I seem to get everyday, not always catching up with replies. I have thought about a trading journal, and limit it to just posting charts. At the moment I do save...
Hi Shabs, I was just asking, its ok. Cheers
Know what you trade
  • #5,742
  • Mar 7, 2023 6:20am Mar 7, 2023 6:20am
Quoting Shabs19
{quote} It's all about your own personal trading style, temperament and what your personal goals are. You choose your timeframes, your profit & loss, how simple / complicated you want your charts to be. You choose how long you want to be at your screen and when to call it a day. Find something that fits your own psychology / personality and you will be like a duck to water. At the end of the day you choose what works for you, everything works then somedays suddenly it doesn't.
As Oscar Wilde said, after, " I wish I had said that."
It sums up what I think, only more succinctly.
This thread has picked up speed of late, and new thoughts are always welcome
every Saint has a past. Every Sinner has a Future
  • #5,743
  • Mar 7, 2023 6:55am Mar 7, 2023 6:55am
Well as I have said in a previous post its been an interesting few days
Lots of differing opinions,
Lots and lots of long posts
Lots of You v You
Lots of charts
But in the end nothing as changed, perhaps not a bad thing
I cannot see anyone that as changed there own style of trading to anything recently mentioned
So in the end, was it all a waste of time and effort
Have we all won the battle of
You v You
Have we got our own trading method tied down or are we just stubborn
Myself , I have picked up a few hints that I can add to my trading but nothing to make any radical changes
  • #5,744
  • Edited 8:40am Mar 7, 2023 8:03am | Edited 8:40am
Quoting OAPDave
Well as I have said in a previous post its been an interesting few days Lots of differing opinions, Lots and lots of long posts Lots of You v You Lots of charts But in the end nothing as changed, perhaps not a bad thing I cannot see anyone that as changed there own style of trading to anything recently mentioned So in the end, was it all a waste of time and effort Have we all won the battle of You v You Have we got our own trading method tied down or are we just stubborn Myself , I have picked up a few hints that I can add to my trading but nothing...
All Good

That's what the discussions are about, hopefully you have picked someone's brain and learnt something new that maybe you could use.

Quoting BWilliam
{quote} Hi Shabs, I was just asking, its ok. Cheers


Most of us here are Line Dancers :

Inserted Video
It never gets easier, you just get better
  • #5,745
  • Mar 7, 2023 9:25am Mar 7, 2023 9:25am
Quoting TimeTells
{quote} Hi Mark, Last one as you have shown interest. I did not trade these, lunchtime lol. I do NOT even suggest trading these situations as the come up. What I am highlighting is the Market Mechanics that play out (and on larger scales than these) day after day, session after session. When we can see our Markets in their reality (small view yes, there are LARGER views for sure, Intent would be one) but when we toss away the idea that 'something' else other than the market itself is drivng the charts (and the targets) then maybe we can all...

Well TT; I missed the break of that "Zeppelin" - it shot downwards - so I am waiting around for the dust to settle
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every Saint has a past. Every Sinner has a Future
  • #5,746
  • Mar 7, 2023 9:29am Mar 7, 2023 9:29am
Quoting turnip15
{quote} Well TT; I missed the break of that "Zeppelin" - it shot downwards - so I am waiting around for the dust to settle {image}
Unless you were in prior you would not have got in.
Mark ... Everything you have been told is a LIE
  • #5,747
  • Mar 7, 2023 9:59am Mar 7, 2023 9:59am
Quoting spzd
{quote} Unless you were in prior you would not have got in.
Agreed -but I got in later albeit quite late but took something off the table - watching that potential d/bottom now and ADR just below (Green horizontal and potential target)
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every Saint has a past. Every Sinner has a Future
  • #5,748
  • Mar 7, 2023 10:02am Mar 7, 2023 10:02am
Quoting turnip15
{quote} Agreed -but I got in later albeit quite late but took something off the table - watching that potential d/bottom now and ADR just below (Green horizontal and potential target) {image}
Yup, about the only way to trade these type of events.
Mark ... Everything you have been told is a LIE
  • #5,749
  • Mar 7, 2023 10:06am Mar 7, 2023 10:06am
Quoting spzd
{quote} Yup, about the only way to trade these type of events.
Yes -4pm here so time to finish. Enjoy the rest of your day.
every Saint has a past. Every Sinner has a Future
  • #5,750
  • Mar 7, 2023 10:34am Mar 7, 2023 10:34am
Quoting spzd
{quote} Unless you were in prior you would not have got in.
Or an OCO order, pending Sell & pending Buy a certain distance away from the "zepp".
It never gets easier, you just get better
  • #5,751
  • Edited 1:07pm Mar 7, 2023 11:26am | Edited 1:07pm
Quoting turnip15
{quote} Well TT; I missed the break of that "Zeppelin" - it shot downwards - so I am waiting around for the dust to settle {image}
Difficult to see Market structure on 1m charts, if you zoom out to M15 you will see price rejection at a level before the drop.

Coincidentally it happens to be the DOL with PDO encouraging some more buying. Three prior lower Highs should have been a warning of Buyer dis-interest.

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It never gets easier, you just get better
  • #5,752
  • Mar 7, 2023 1:10pm Mar 7, 2023 1:10pm
Quoting Shabs19
{quote} Difficult to see Market structure on 1m charts, if you zoom out to M15 you will see price rejection at a level before the drop. Coincidentally it happens to be the DOL with PDO encouraging some more buying. Three prior lower Highs should have been a warning of Buyer dis-interest. {image}
I trade the channel as the key element in how I trade but maybe I could use the above approach in your post to gain a sessional bias ?
every Saint has a past. Every Sinner has a Future
  • #5,753
  • Mar 7, 2023 1:25pm Mar 7, 2023 1:25pm
Quoting turnip15
{quote} I trade the channel as the key element in how I trade but maybe I could use the above approach in your post to gain a sessional bias ?
I don't trade indices, as I cannot guage pair strength as I do with currency pairs.

But Market Structure is universal it seems, Key Price Levels are important as pro-traders do watch & test them.

Most times, an M15 chart is enough to see MS especially if you trade the 1m & 5m charts.

You have to observe the previous sessions, like a continuos relay race, the baton is being handed over to the next sessions players.
It never gets easier, you just get better
  • #5,754
  • Mar 7, 2023 1:30pm Mar 7, 2023 1:30pm
BW's discussion about intent to targets has been largely dismissed by some of you. I thought I'd take a moment to belabor the points BW has tried to make here, by showing how I used intent to target on the G$ today. I posted a chart earlier on the G$ PA the past few days, showing some of the high points of intent to target trading, but here is another example for anyone still interested.

Among the things that impress me about professional traders is their ability to manage risk, which in large part, has them in trades long before non-professional traders enter the market. The following chart does not include my entries today, but I am still in 5 short G$ trades, with the first entry at 1.2034. That trade represented my belief that market intent had shifted, and would make a move towards to lower target. The shift in intent opened the opportunity to move back to the 1.1925 (the fact that Powell was speaking this morning reinforced my belief) with a small 30 pip stop. PA then reinforced further, allowing for more entries before Powell spoke, and of course, another trade once there was a clear sign that the market was going to move to an even lower target, It will be interesting to see if the next target is hit before NFP this Friday.

Good trading everyone!
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  • #5,755
  • Mar 7, 2023 2:07pm Mar 7, 2023 2:07pm
Quoting GEfx
BW's discussion about intent to targets has been largely dismissed by some of you. It will be interesting to see if the next target is hit before NFP this Friday. Good trading everyone! {image}
Market tested 5 different levels on GU , on the way down, taking liquidity as it went.

March 1st High, PDH, PDO, DO, NYO entry at any of these rejections.

BW method would definitely have taken you in to a sell position by NYO for the 50 pips+
It never gets easier, you just get better
  • #5,756
  • Mar 7, 2023 2:37pm Mar 7, 2023 2:37pm
I see no one posting anything about Intent as BW laid out... He specifically said it's based off the 4hr candle... That's where it all begins....

Where's the 4hr charts showing the intent of any 4 hr candles...and the subsequent 50+pip move... Are we talking candles at a specific time? A specific type of candle?? A pattern of candles at timing ? Where's the details ??

I think traders here are confusing their interpretation of Intent with BWs ...confusing structure /mechanics with intent and using the word loosely...

Perhaps BW can post some charts showing a specific 4 hr candle and how that projected the next 50 pip trade...entry too... Or perhaps it is secret as he has eluded too in the past and that others will steal his idea... And to be clear that is what BW said... He would show us but people will steal his discovery...

Sounds like marketing bullshit to me to be quite frank...
So we are left with interpretations of his posts.. with absolutely no proof by BW showing a 4hr candle close... Calling the trade and the 50 pip target... If I am mistaken please accept my apologies but would you so kindly show me the charts if I have somehow missed them ...

All the best
Blue
Master your Mind,,,Master the Market
  • #5,757
  • Mar 7, 2023 2:44pm Mar 7, 2023 2:44pm
Tomorrow NZDUSD DOL can be good target to aim! HUH???
  • #5,758
  • Mar 7, 2023 2:48pm Mar 7, 2023 2:48pm
Quoting Shabs19
{quote}
I think someone has been reading this thread, took GJ up 42 pips from the open, then reversed. It wasn't you, was it TT ? Then took it back down 80 pips. Tricks ? Some nice trades in Asia this morning. Edit: Look where it stopped & turned, Last weeks Open 163.020 to the pip !!

Hahaaa, no definately not me for the 100+ pips as I see this morning, Shabs. I got some from the ride but closed much earlier than the full run into NewYork lol.

Franky was the classic FakeNFlip, took the market up before the dump in London.

Textbook Market Mechanics imo (and they were certainlyintentional imho)

  • #5,759
  • Mar 7, 2023 2:53pm Mar 7, 2023 2:53pm
Quoting turnip15;14350739<br /> {quote}<br /> Well TT; I missed the break of that &quot;[B
Zeppelin[/b]" - it shot downwards - so I am waiting around for the dust to settle {image}

Hi turnip

That's the waiting part and yes requires patience.

I often miss the start of runs too, happens,
and then will wait for a 50% retrace (on lower timeframe candles) to get in on the pullback. I don't always get that either, but no fomo, next trade please)
  • #5,760
  • Mar 7, 2023 3:01pm Mar 7, 2023 3:01pm
Quoting bluesteele
I see no one posting anything about Intent as BW laid out... He specifically said it's based off the 4hr candle... That's where it all begins....
Where's the 4hr charts showing the intent of any 4 hr candles...and the subsequent 50+pip move... Blue

Yes that's pretty much as I remember the introduction to the new idea of BWs Intent.

I don’t think the thread so much as dismissed BWs ‘intent’ as GEfx has felt.
Rather a few have sought further clarification, while we all read our charts as normal PA etc based on current price action (subject to change from Buy to Sell etc).

I have a feeling also that BW was indicating to us to “ISOLATE” a particular 4hr candle (the 3rd of the day ?) rather than read only PA exclusively,
and that 4hr candle was the Intent candle.


I could have this a little wrong, only BW can explain better.
BW also suggested to include in ‘an intent trade’ a set 50 pip TARGET (from the entry). A strong TP.

Myself I would be fascinated to see a historical BW Trade Intent Chart including Entry (that shows the 4hr candle in question).

I hope BW will post up an historical chart of a trade that isolates that 4hr Intent Candle (but maybe please show the trade entry on a 5m or 1m chart to better see the takeoff point as it might get buried & unclear inside a 4hr candle).


At this point though I still look for Market Mechanic moves (my intent ?) and probably start looking closely on the 15m chart.
In case change has happened quickly, then I would drop to a 5m chart and later a 1m for entry.


Market Mechanics
(which if combined with a specific 4hr Intent Candle would be excellent for trading).
I can still, however, use my Mechanics Roadmap which I am very familar with now, regarding points of drives and Lines of trader attraction as I call them.

.
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