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Flying Dutchman

  • #5,981
  • Mar 9, 2023 6:50pm Mar 9, 2023 6:50pm
Quoting TimeTells
{quote} Just a beautiful statement imho Whitesta Today we have an unkown timing (as yet) BoJ speech coming up. Kuroda's FINAL speech before the new Gov takes over. We could gamble now and pat outrselves on the bck if win, and have a beer if we lose (maybe). But why ddo this. Trading is a ling haul game. When we overcome the YOU vs YOU component of ourselves, WANTING to trade because, well, the markets are open lol ... Then we release our 'fear of missing out' FOMO as we know in our hearts that a NEXT trade is around the corner, and when it suits...
EXACTLY....You vs You..ME vs ME in my case. With such big news around the corner it won't be trading but gambling. I have been burned before. Best is to wait and watch. Market ain't going anywhere. Better setups will show up tomorrow or day after. Yen is for watching for now...lol
  • #5,982
  • Mar 9, 2023 6:51pm Mar 9, 2023 6:51pm
Quoting fxpider
{quote}
Same here. I really struggle with the continuation setups.
To overcome this, I play big only on the reversal setup (my strength) and play small on a continuation setup ( my weakness yet !).

When trading continuations or wishing to, with the market direction, have a quick look back at all Shabs' posts on

Structure Trading & Horizontal Line Breaks-Retests.
  • #5,983
  • Mar 9, 2023 6:52pm Mar 9, 2023 6:52pm
Quoting TimeTells
{quote} Just a beautiful statement imho Whitesta Today we have an unkown timing (as yet) BoJ speech coming up. Kuroda's FINAL speech before the new Gov takes over. We could gamble now and pat outrselves on the bck if win, and have a beer if we lose (maybe). But why ddo this. Trading is a ling haul game. When we overcome the YOU vs YOU component of ourselves, WANTING to trade because, well, the markets are open lol ... Then we release our 'fear of missing out' FOMO as we know in our hearts that a NEXT trade is around the corner, and when it suits...
NOPE Made my statement above. Will not put money on it.

On a side note, I have been doing (practicing today) my initial spotting at points of interest using the M15 and it is like right after my cataract surgery. Clear.
Mark ... Everything you have been told is a LIE
  • #5,984
  • Mar 9, 2023 6:53pm Mar 9, 2023 6:53pm
Quoting TimeTells
{quote} When trading continuations or wishing to, with the market direction, have a quick look back at all Shabs' posts on Structure Trading & Horizontal Line Breaks-Retests.
Shabs material is something everyone should study.
Mark ... Everything you have been told is a LIE
  • #5,985
  • Mar 9, 2023 7:02pm Mar 9, 2023 7:02pm
BINGO. Speech in about (from now) 2½ hrs time (not firm of course)

https://www.forexlive.com/centralban...oday-20230310/


Here's just what I'm looking at now, I won't care really which way ultimately,

(tho speeches can often send price both ways first before it settles on true direction.)

.
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  • #5,986
  • Mar 9, 2023 7:20pm Mar 9, 2023 7:20pm
Just a random thought.

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Success = Practice + Patience + Persistence
  • #5,987
  • Mar 9, 2023 7:21pm Mar 9, 2023 7:21pm
This is all I'm going to say ..keeping it clean and back to trading .. but I see my fanboy is as predictable as they come... I won the bet 🤣

Now back to business
Master your Mind,,,Master the Market
  • #5,988
  • Mar 9, 2023 7:28pm Mar 9, 2023 7:28pm
Haven't found it yet or reached that point yet,

Can you have alternating FGD, FRD, ...

edit: this would be setup by the followup day failing
Mark ... Everything you have been told is a LIE
  • #5,989
  • Mar 9, 2023 7:34pm Mar 9, 2023 7:34pm
Quoting bluesteele
This is all I'm going to say ..keeping it clean and back to trading .. but I see my fanboy is as predictable as they come... I won the bet 🤣 Now back to business
Going to have to rename you trigger!!
  • #5,990
  • Mar 9, 2023 7:39pm Mar 9, 2023 7:39pm
Quoting TimeTells
{quote} When trading continuations or wishing to, with the market direction, have a quick look back at all Shabs' posts on Structure Trading & Horizontal Line Breaks-Retests.
Can't find the thread.
Success = Practice + Patience + Persistence
  • #5,991
  • Mar 9, 2023 7:40pm Mar 9, 2023 7:40pm
Quoting fxpider
{quote}
Can't find the thread.

Go to Home Page, use search function box middle-left to enter a word or "exact" phrase (or search all pics)
  • #5,992
  • Mar 9, 2023 7:41pm Mar 9, 2023 7:41pm
Quoting moodybot
{quote} Going to have to rename you trigger!!

For those that are old enough, or well read enough,

... the original Trigger with his pard'ner, Roy Rogers


https://royrogers.com/trigger/
Roy’s quote, “If it wasn’t for Trigger, there would be no Roy Rogers.”


.
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  • #5,993
  • Mar 9, 2023 7:55pm Mar 9, 2023 7:55pm
Quoting spzd
Haven't found it yet or reached that point yet, Can you have alternating FGD, FRD, ... edit: this would be setup by the followup day failing
Legit Q ...
Mark ... Everything you have been told is a LIE
  • #5,994
  • Mar 9, 2023 7:59pm Mar 9, 2023 7:59pm
Quoting spzd
{quote} Legit Q ...
Q to who please, Mark ?
  • #5,995
  • Mar 9, 2023 8:11pm Mar 9, 2023 8:11pm
Quoting TimeTells
{quote} Q to who please, Mark ?
Question to anyone who may have an idea what the answer is.

That sounded pathetic.
Mark ... Everything you have been told is a LIE
  • #5,996
  • Mar 9, 2023 8:23pm Mar 9, 2023 8:23pm
Quoting spzd
{quote}
Question to anyone who may have an idea what the answer is. That sounded pathetic.

Hahaa, no that's fair enough. But I am not familiar or a user of those words.
  • #5,997
  • Mar 9, 2023 8:29pm Mar 9, 2023 8:29pm
Quoting TimeTells
{quote} Hahaa, no that's fair enough. But I am not familiar or a user of those words.
My bad.

FRD = First Red Day First day to close below it's open after up day(s)

FGD = First Green Day First day to close above it's open after down day(s)

These are considered trigger days. The next day should have a decent move in the direction of the trigger day.

I am just curious if anyone has any idea as to the "official" interpretation if the follow through day fails to have a significant move and closes in the opposite direction.
Mark ... Everything you have been told is a LIE
  • #5,998
  • Mar 9, 2023 8:31pm Mar 9, 2023 8:31pm
And I think the announcement was made and that is why I put no money on it.
Mark ... Everything you have been told is a LIE
  • #5,999
  • Mar 9, 2023 8:36pm Mar 9, 2023 8:36pm
Quoting spzd
And I think the announcement was made and that is why I put no money on it.

Classic market response.

Kuroda chose to .... LEAVE EVERYTHING AS IT WAS ...

https://www.forexlive.com/centralban...cted-20230310/

Market loves a shot at a 100+ burst.

So no news was bad news for the Yen, okay

Now we have NEW levels set & established and, maybe earlier, but London will show us the week ahead
  • #6,000
  • Mar 9, 2023 8:37pm Mar 9, 2023 8:37pm
Looks like status quo for now. What they do with that idk so far up 100p
Mark ... Everything you have been told is a LIE
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