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Flying Dutchman

  • #5,941
  • Edited 3:35pm Mar 8, 2023 12:41pm | Edited 3:35pm
Quoting BWilliam
{quote} Mark, if you can code and do code, write a on-chart adr which show back history. With selectable timeframe input. Cheers
Here is one I found with a search, it is a script not an indicator for MT4

Daily ADR with percentage achieved.

Attached File(s)
File Type: ex4 DonForex Historic ADR.ex4   44 KB | 310 downloads



Here is another decent Historical ADR indicator with Alarms etc. If ADR is not achieved lines are Red, achieved lines are Blue.
High Line is plotted from the Low of the day and vice versa for the Low Line from the High of the day.

Attached File(s)
File Type: ex4 OGT ADR Indicator v1.2.ex4   52 KB | 272 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: 2023-03-08_21h34_33.png Size: 28 KB
It never gets easier, you just get better
  • #5,942
  • Mar 8, 2023 2:36pm Mar 8, 2023 2:36pm
Quoting BWilliam
{quote} I took a look at both your trades, You sold ger40 at day low, and You bought cadchf at day high. I feel sorry for you. Seriously. I don't know how to help you. You traded at the worst possible places on the chart, got the entire intraday swing against both your trades. I'm sure you know, and you must be in some pain seeing this happened. There's no quick fix for this. I admit I don't know how to help. Sorry. Cheers BWilliam
very well said my friend.
I got a question, if price is at a strong support that price is rejecting, but its previous day high very close.. is it a bad buy?
  • #5,943
  • Mar 8, 2023 2:49pm Mar 8, 2023 2:49pm
Odd would you not say ^^^^
Mark ... Everything you have been told is a LIE
  • #5,944
  • Mar 8, 2023 2:58pm Mar 8, 2023 2:58pm
Quoting spzd
{quote} You could get the "best" of both worlds by using a linear regression input into the MA for the BB. Yes I have been down a road like that. It was with the system I attempted to learn abt 10 years ago. Takes extra coding. The easiest way to get linear regression is through the least squared method. So our progression was price to linear regression (12 period) to everything else.
Got rid of all the squiggly lines, only staright ones interest me now

It never gets easier, you just get better
  • #5,945
  • Mar 8, 2023 3:04pm Mar 8, 2023 3:04pm
Quoting Shabs19
{quote} Got rid of all the squiggly lines, only staright ones interest me now
It's probably for the better ...
Mark ... Everything you have been told is a LIE
  • #5,946
  • Mar 8, 2023 3:17pm Mar 8, 2023 3:17pm
Quoting spzd
{quote} It's probably for the better ...
Why ?
  • #5,947
  • Mar 8, 2023 3:27pm Mar 8, 2023 3:27pm
Normal service will resume from Sunday.
  • #5,948
  • Edited 3:58pm Mar 8, 2023 3:41pm | Edited 3:58pm
Quoting dinpappa
Full of people all doing the same thing, talking hindsight XD I took two trades today, two losers. GER30 short, 4h timeframe, it made a breakout and went down again so i shorted and CADCHF long, 1h timeframe, strong support, bounce, failed someone wanna say why these trades failed? Since we got "pros" here.
Can you post these charts on here, where you entered etc.

I have Ger40 chart dont have Ger30

If we can see your entry point then we can analyse what went wrong, maybe you already do know ?

Quoting dinpappa
{quote} very well said my friend. I got a question, if price is at a strong support that price is rejecting, but its previous day high very close.. is it a bad buy?
Previous day Low & previous day High does come into it, but the price broke these levels, is that why you entered your positions ?

Price falling & Price Rising so FOMO kicked in, better jump on before I miss the ride ?

The real reason, why it failed, if you look left on both charts, there was Market Structure against those moves ie. The lows & Highs are there to be broken but

against Market Structure is one tough battle / gamble, you have to wait until the fight is over before you enter.
It never gets easier, you just get better
  • #5,949
  • Mar 8, 2023 4:14pm Mar 8, 2023 4:14pm
Quoting moodybot
Normal service will resume from Sunday.
I could do with a rest.................
It never gets easier, you just get better
  • #5,950
  • Mar 8, 2023 9:55pm Mar 8, 2023 9:55pm
The other day in the banter I had told BW that I will provide some material etc to help him...as he had asked
questions i.e How do you know how far a P&D will go.. How do you know when one will happen again... BAsic basic
questions he asked as he could not figure out....


So in the banter I told him PM me and I will help him thru charts etc...But he does not want to participate..
I then said ok I will post up some material I deem as top notch for those that are interested in MARKET MECHANICS..
3 day cycles.. Price and time...Heres one I love ENGULFMENT OF TIME..something I have used but not with the awareness
I learned from Cameron..

Cameron Benson is a young fellow... But sharp as a tack..and very in alignment with Stacey Burke teachings but slightly different
and an excellent teacher.

I highly highly recommend watching his videos and here I will post some google doc links with premium exapmles of 3 day cycles
Market mechanics of HOD LOD etc etc..all things we talk about here...

Perhaps you know it all already like the aforementioned...Ive been doing this a long time and have picked up some nuggets from Cameron.
Never to old to learn a new trick or see something in a different way...

And BTW....there is ZERO for sale no hidden website sales..Just a genuine good guy thats an excellent trader that is on a mission to genuinely
help others.

Camerons Youtube

Inserted Video


And you will find most of these Google Docs in the description of his videos,,,but heres some to get going with... I suggest printing them out and make yourself
a binder if your at all interested in learning how to Trade from the Outside etc...

https://docs.google.com/presentation...it?usp=sharing

https://docs.google.com/presentation...it?usp=sharing

https://docs.google.com/presentation...it?usp=sharing

https://docs.google.com/presentation...it?usp=sharing

https://docs.google.com/presentation...it?usp=sharing


Knock yourselves out doesnt get much better than this IMHO...

All the best
Blue
Master your Mind,,,Master the Market
  • #5,951
  • Mar 8, 2023 10:18pm Mar 8, 2023 10:18pm
Engulfment of Time ! timing timing timing.....

Inserted Video
Master your Mind,,,Master the Market
  • #5,952
  • Mar 9, 2023 5:50am Mar 9, 2023 5:50am
Quoting bluesteele
Engulfment of Time ! timing timing timing..... https://youtu.be/dRsTMY7sxwI

Hi Kev,
Great vids from the young guy (well young to me, I mean )

still learning it all here lol
TIMING !

Two trades today (scalp-structure), no Asia action as I wasn't scanning on the first major drop, right on the o'clock oh well.
So only watched price to the Lo & saw no safe entry.

Then, price went into its Inflection Point for a further 3½hrs lol , I went out shopping,
Got back pre-Franky & had a look and a Sell presented 20 mins later, tho I did get time anxious (NO early asia TP maybe, me vs me lol) and jumped early
Later, after price bottomed just under the yesterday low, then I waited a fair bit for a Buy, while (again) jumped the gun early in the end, but hey

A quiet day on the thread today compared to yesterday , I'll get off now myself

trade safe guys

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM1 2 x structure trades London.png Size: 28 KB
  • #5,953
  • Mar 9, 2023 9:43am Mar 9, 2023 9:43am
Just a note. Andy has limited posting on the thread for a few days after the last few days of colorful commentary .

He will open it back up again back to normal in a few more days...

Meanwhile Trade, study, research etc...

Cheers
Blue
Master your Mind,,,Master the Market
  • #5,954
  • Mar 9, 2023 12:51pm Mar 9, 2023 12:51pm
The latest from Tom Hougaard.....

"The talk about Trading and You"


On the real secret of retail trading .. no it's not math...
It's not indicators of understanding charts... Yes they all are important...

But the difference and every single "true professional" trader will agree. .is you... Ya gets old eh... Everyone wants to know the secret sauce....

Dont take my.word ..here's a guy who earns many many many millions every yr as a retail trader.. trading fx CFDs US30 DAX etc... Just like we do...

Only a few thousand words...he's got about 40000 he will be publishing soon...about this subject... We are in a performance business never forget that 👍

Hope someone gets some benefit form this...

Cheers.
Blue

Attached File(s)
File Type: pdf The Talk About Trading and You Opinion Teaser(1).pdf   140 KB | 423 downloads
Master your Mind,,,Master the Market
  • #5,955
  • Mar 9, 2023 1:45pm Mar 9, 2023 1:45pm
Quoting bluesteele
The latest from Tom Hougaard..... "The talk about Trading and You" On the real secret of retail trading .. no it's not math... It's not indicators of understanding charts... Yes they all are important... But the difference and every single "true professional" trader will agree. .is you... Ya gets old eh... Everyone wants to know the secret sauce.... Dont take my.word ..here's a guy who earns many many many millions every yr as a retail trader.. trading fx CFDs US30 DAX etc... Just like we do... Only a few thousand words...he's got about 40000 he...
A belated "Thanks!" for bringing this guy to my attention weeks ago. I bought his "Best Loser Wins" book on Audible and listen to it when I go walking several times a week. I walk long and often enough that I've already listened to it 4 times through. It's not that I agree with everything he says, but it gets me thinking about the proper mindset for trading. Sometimes I "know" what I should do, and listening to him tell me (again), I am motivated enough to follow through. Other times, I know myself well enough to listen, and then conclude, "No, his way is not my way."

There's very little in the book on his trading method. He mentions double-tops, and loosely describes looking at chart patterns, but the book doesn't cover much. If I followed his live trades, perhaps I'd know more.

I'm still of the opinion that you can have the best mindset in the world, but if you haven't ALSO got a technical edge -- some way to decide on places to enter/exit -- you won't likely make much progress. This book doesn't get into the technicals, so it's only one piece. Still, it's a good read (listen).
  • #5,956
  • Mar 9, 2023 1:58pm Mar 9, 2023 1:58pm
Quoting pips4life
{quote} A belated "Thanks!" for bringing this guy to my attention weeks ago. I bought his "Best Loser Wins" book on Audible and listen to it when I go walking several times a week. I walk long and often enough that I've already listened to it 4 times through. It's not that I agree with everything he says, but it gets me thinking about the proper mindset for trading. Sometimes I "know" what I should do, and listening to him tell me (again), I am motivated enough to follow through. Other times, I know myself well enough to listen, and then conclude,...
Your very welcome ! Toms a great guy extremely passionate about trading and helping the community.

It really is as simple as DTs DBs..measured moves etc.. timing is a big factor...trading when the market is moving ie during the active session hours of London and NY..

He does have some strategies you have to dig for... For example The School Run... All very simple PA based strategies... I've been tuning daily into him for a number of years now...I'm there for the psych work not the strategys... But I have learned and applied some excellent PA based ideas I have learned from him that are too notch...

But his biggest thing is he is able to switch his bias when wrong....it's like a light switch. And cutting his losers quite quickly..and adding to his winners.. That's a big part of the edge ... He really doesn't have a high WR... Besides the you factor... His edge is found alot in his ability to take a quick loss and heavy up on the winners..

I will look in my files and add some material of his I have or charts that may help... And for others that are reading silently...

All the best !
Blue
Master your Mind,,,Master the Market
  • #5,957
  • Mar 9, 2023 4:32pm Mar 9, 2023 4:32pm
A Day In the Life of the Market Mechanics

A busy chart sure, can Trader take it Session by Session


.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 one more day of MM.png Size: 18 KB
  • #5,958
  • Mar 9, 2023 5:19pm Mar 9, 2023 5:19pm
It would appear that the trader who was in danger of going full tilt has popped up onto another thread and has found his pot of gold.
Or a least an EA with a high martingale save the trade profile hidden from the screenshots.

Now that he's (back to normal) this thread is once again open.

Thanks to all for understanding and we wish the trader well in his new venture.
  • #5,959
  • Mar 9, 2023 5:25pm Mar 9, 2023 5:25pm
Oh!! what a relief! I was almost dead from suffocation, caused by the thread restriction.
Success = Practice + Patience + Persistence
  • #5,960
  • Mar 9, 2023 5:27pm Mar 9, 2023 5:27pm
That's FX Spider banned, anyone else?
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