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Flying Dutchman

  • #6,001
  • Mar 9, 2023 6:38pm Mar 9, 2023 6:38pm
Quoting spzd
{quote}
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.

I mentioned your Q to Kev, but he is on other things just at the moment. Others may know also.
  • #6,002
  • Mar 9, 2023 6:40pm Mar 9, 2023 6:40pm
Quoting TimeTells
{quote} 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
Technically (listen to me) I think a break in structure both ways would have been better. And who knows that may be what they eventually give.
Mark ... Everything you have been told is a LIE
  • #6,003
  • Mar 9, 2023 6:41pm Mar 9, 2023 6:41pm
Quoting TimeTells
{quote} I mentioned your Q to Kev, but he is on other things just at the moment. Others may know also.
Thanks Not that important. I just got a bunch of new data input (learning) and am impatient.
Mark ... Everything you have been told is a LIE
  • #6,004
  • Mar 9, 2023 6:46pm Mar 9, 2023 6:46pm
Quoting spzd
{quote} Technically (listen to me) I think a break in structure both ways would have been better. And who knows that may be what they eventually give.

All just a blip maybe in the bigger scheme of things.

Price already back to around the 50% halfway mark of the burst (visual lol, not maths).

At least we have Horizontal Levels stretched now after the expansions. Can only be good in the long run imho.

THE DAILY GBPJPY

.
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  • #6,005
  • Mar 9, 2023 6:52pm Mar 9, 2023 6:52pm
Quoting TimeTells
{quote} All just a blip maybe in the bigger scheme of things. Price already back to around the 50% halfway mark of the burst (visual lol, not maths). At least we have Horizontal Levels stretched now after the expansions. Can only be good in the long run imho. THE DAILY GBPJPY . {image}
Just trying to formulate some newer thinking.

Not sure if that aspect matters that much. Honestly, I don't think so. I will come to this next week and the rest of today will play out. At that point we will have a better idea of what they plan to do at least for the short term.


edir: you know I tend to do a lot of mental gymnastics with this stuff - grok comes to mind
Mark ... Everything you have been told is a LIE
  • #6,006
  • Mar 9, 2023 6:57pm Mar 9, 2023 6:57pm
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
I go on the premise that Day 3s can turn into Day1s by the end of the day...Which means a reversal took place and thus it will also be a FRD or FGD ..

Hopefully that makes sense
Master your Mind,,,Master the Market
  • #6,007
  • Mar 9, 2023 6:59pm Mar 9, 2023 6:59pm
Quoting bluesteele
{quote} I go on the premise that Day 3s can turn into Day1s by the end of the day...Which means a reversal took place and thus it will also be a FRD or FGD .. Hopefully that makes sense
That part makes sense. I have noticed from watching a number of CBs vids that he has a slight different take on the 3 day thing or it seems that way. Not even close to knowing. I may need to adapt my own version of the whole thing
Mark ... Everything you have been told is a LIE
  • #6,008
  • Mar 9, 2023 7:02pm Mar 9, 2023 7:02pm
Quoting spzd
{quote} That part makes sense. I have noticed from watching a number of CBs vids that he has a slight different take on the 3 day thing or it seems that way. Not even close to knowing. I may need to adapt my own version of the whole thing
I will take this to my house. I have a bad habit of too much space taken sometimes and am totally unaware. Again, my bad.
Mark ... Everything you have been told is a LIE
  • #6,009
  • Mar 9, 2023 7:09pm Mar 9, 2023 7:09pm
Quoting spzd
{quote}
I will take this to my house. I have a bad habit of too much space taken sometimes and am totally unaware. Again, my bad.

Never a prob here imho. At home of course you don;t get the interruptions in between ideas.

20% maths 80% observational (grok, lol, love it ), then adjust either of those percentages up or down to suit the current aspect you are studying.

Neither is the full answer alone, or on their own. (imo )
  • #6,010
  • Mar 9, 2023 7:10pm Mar 9, 2023 7:10pm
Quoting spzd
{quote} That part makes sense. I have noticed from watching a number of CBs vids that he has a slight different take on the 3 day thing or it seems that way. Not even close to knowing. I may need to adapt my own version of the whole thing
Yes I hear ya and I think he does have a slightly different slant on the 3DC.... FOr me I just work of Days open and Close..Reversals start a new count thus FRD FGD now day1...

I THink the most imprtant thing is how it works for you..and as long as your research qualifies it test and go forward.. WIth that said when we have a day 3 and we have timing and we have BRNS 3 levels of rise fall.etc etc and the entry patterns develop pull the trigger..

I also must make a point that is very rarely ever mentioned.. Is this:

Charts have 2 axis TIME & PRICE...and everyone is concerned with price..or trades price..What about trading time ?

Timing Timing Timing.... Now CB has a great twist on that as you very well know.. WHich is a huge gold nugget IMO

All the moving parts lol ....

Sorry for the digression lol...3dc's yep slightly differnt as I see it as well..

Cheers !
Blue
Master your Mind,,,Master the Market
  • #6,011
  • Mar 9, 2023 7:12pm Mar 9, 2023 7:12pm
Quoting TimeTells
{quote} 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.” . {image}
Thats not the trigger I’m thinking of!!

Inserted Video
  • #6,012
  • Mar 9, 2023 7:29pm Mar 9, 2023 7:29pm
Quoting bluesteele
{quote} Yes I hear ya and I think he does have a slightly different slant on the 3DC.... FOr me I just work of Days open and Close..Reversals start a new count thus FRD FGD now day1... I THink the most imprtant thing is how it works for you..and as long as your research qualifies it test and go forward.. WIth that said when we have a day 3 and we have timing and we have BRNS 3 levels of rise fall.etc etc and the entry patterns develop pull the trigger.. I also must make a point that is very rarely ever mentioned.. Is this: Charts have 2 axis TIME...
Good stuff. I like what he did at the open. My timings are more time zones where my observations say decent trades occur. One is within the first 30 to 40 minutes after the first hour box of the NY session.

Me: something new - hmmm this might work - throw it in the fire, pull out, onto the anvil, beat the holy crap out of it - does it fit ME, keep it- no, it's gone
Mark ... Everything you have been told is a LIE
  • #6,013
  • Mar 9, 2023 7:35pm Mar 9, 2023 7:35pm
It’s very easy to misinterpret a painting.
Even easier to misinterpret a chart!


One of my favourites!!



Inserted Video
  • #6,014
  • Mar 9, 2023 7:39pm Mar 9, 2023 7:39pm
Quoting moodybot
It’s very easy to misinterpret a painting. Even easier to misinterpret a chart! One of my favourites!! https://youtu.be/J036s0YvB9g

An all time classic Andy

I was worried half-way through (50% lol)
that you'd get cancelled

"went home for "
- you hit it out of the park
  • #6,015
  • Mar 9, 2023 7:42pm Mar 9, 2023 7:42pm
Quoting spzd
{quote} Good stuff. I like what he did at the open. My timings are more time zones where my observations say decent trades occur. One is within the first 30 to 40 minutes after the first hour box of the NY session. Me: something new - hmmm this might work - throw it in the fire, pull out, onto the anvil, beat the holy crap out of it - does it fit ME, keep it- no, it's gone
Excerpt from Cory Mitchell's article:
https://tradethatswing.com/stock-mar...ting-patterns/

What the Stock Market Tends to Do at Different Times of the Day

Time-based patterns are based on a time of day, not price direction. A reversal could be a reversal of whatever trend direction was occurring up to that point, if there was a trend.
9:30 am:
Traders come rushing in and the price often sees a quick push either high or lower. The price may bounce around for several minutes before picking a direction.
Lots of movement in first few minutes means it’s likely to be an active day, or at least start out that way.
If there isn’t a lot of movement in the first 15 minutes of the day, then it will probably be pretty quiet. Action could come up in later, but until it does, it will be quiet.

9:45 am:
There is often a big pullback or reversal around this time.

If the price had moved strongly after the open, now is the time to be careful. It could be a brief pullback, providing an entry into the existing trend, or it could be much more severe.
10 am to 10:30:
Around 10 am there’s often a major reversal in price. It could be temporary, or it could be significant. The high or low that occurs around this time will often last an hour or more, especially in individual stocks.

11:15 to 11:30 am
The London stock exchange closes at 11:30, which means a large group of European traders are finishing up for the day and won’t be trading the rest of the US session.
These traders may need to buy positions for their next day or close out positions. This 15-minute time window often sees the price head back toward a high or low, possibly re-testing it.
Heading into 11:30 is the usually the last bigger price move of the morning. Since a (European) group of traders is about to leave, and the New York lunch hour follows, these moves often fizzle out and turn into sideways chop.

11:30 am to 1:15 pm
12 to 1 pm is the New York lunch hour, and it is generally marked with lower volume and lower overall movement.
When I day traded for a prop firm, we had a guideline that no one on the floor traded during the NY lunch hour. It was notorious for chipping away at the gains made in the morning. Generally, it is best to avoid this time entirely as a day trader, unless you develop a strategy specifically for it.

1:15 to 2 pm
Action starts to pick up after the mid-day lull. A tight range during lunch will see the price breakout. Basically, we go from a contraction in movement to an expansion in movement.
Lunch isn’t always quiet. Some days there are big movements during lunch. If there were big moves, they much just continue without the breakout from a range.

2:15 to 2:45 pm
Possibly lunch saw a trend develop, or a trend developed after lunch. Sometimes as early as 2, but often between 215 and 245, there is a significant trend reversal. There may be several major swing during this time as action picks up heading into the close.

3 to 3:45
Lots of shakeouts occur in this period as well. There is often a major direction change in this time span as the price heads toward the close. This is the last chance to catch the remaining price moves of the day.

3:58 to 4 pm
As a day trader, unless the price is moving in your direction, consider closing out the position prior to this period. The last couple of minutes of the day can see extreme price movement, erasing (or adding to) existing gains or losses. Holding position into these final two minutes is a gamble on which way it will go.

At 4 pm, liquidity in many stocks disappears, which means you could be holding it till the next day if you don’t get out in time. Very high volume stocks will often continue to trade after the market officially closes, but once again, it’s a gamble on whether there’s any benefit to holding until the close.

A Note for All Times of Day
If these tendencies develop on a particular day, and we are watching for them, great. We can trade them. But don’t assume they will happen and make trades based on the assumption. If waiting for a reversal, wait till it actually starts and aligns with a strategy. Time of day patterns are not a strategy in and of themselves. A complete strategy requires entry, exit, position sizing, and other rules covered in the Trading Plan.


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Master your Mind,,,Master the Market
  • #6,016
  • Mar 9, 2023 7:48pm Mar 9, 2023 7:48pm
heads-up-for-time-zone-changes-this-weekend-the-us-and-canada-switch-to-daylight-saving-20230310/


https://www.forexlive.com/news/heads...ving-20230310/
  • #6,017
  • Mar 9, 2023 7:52pm Mar 9, 2023 7:52pm
Quoting bluesteele
{quote} Excerpt from Cory Mitchell's article: https://tradethatswing.com/stock-mar...ting-patterns/ What the Stock Market Tends to Do at Different Times of the Day Time-based patterns are based on a time of day, not price direction. A reversal could be a reversal of whatever trend direction was occurring up to that point, if there was a trend. 9:30 am: Traders come rushing in and the price often sees a quick push either high or lower. The price may bounce around for...
This was some of the catalyst. Where he has 10 to 10:30 reversal. That is usually correct. You have to be aware of the 10:00 NY data releases.

The first hour ends at 10:30 NY. From there to 11:15 is a time he does not list. That period often has a decent move.

With the SP500 most days are what would be considered ranging. So most of the moves are just hitting near high and low of the NY session as that is really the only time of importance for that instrument. The one advantage of the 23 hour (yes the actual futures closes for one hour everyday) day is my squiggly lines work.

Sorry Kev not meant as a lecture. I have been doing some research and this may or may not help. I think this also affects currencies as there is a large pull of one over the other. Thinking it is equities that pull currencies around.
Mark ... Everything you have been told is a LIE
  • #6,018
  • Mar 9, 2023 8:06pm Mar 9, 2023 8:06pm
Quoting spzd
{quote} This was some of the catalyst. Where he has 10 to 10:30 reversal. That is usually correct. You have to be aware of the 10:00 NY data releases. The first hour ends at 10:30 NY. From there to 11:15 is a time he does not list. That period often has a decent move. With the SP500 most days are what would be considered ranging. So most of the moves are just hitting near high and low of the NY session as that is really the only time of importance for that instrument. The one advantage of the 23 hour (yes the actual futures closes for one hour everyday)...
Yeppers Mark completely agree with ya

Makes me think of Time Engulfing 1030

All Good stuff !
Master your Mind,,,Master the Market
  • #6,019
  • Mar 9, 2023 8:07pm Mar 9, 2023 8:07pm
Quoting bluesteele
{quote} Excerpt from Cory Mitchell's article: https://tradethatswing.com/stock-mar...ting-patterns/ What the Stock Market Tends to Do at Different Times of the Day Time-based patterns are based on a time of day, not price direction. A reversal could be a reversal of whatever trend direction was occurring up to that point, if there was a trend. 9:30 am: Traders come rushing in and the price often sees a quick push either high or lower. The price may bounce around for...
I have it bookmarked.

If more wannabe traders would stop trying to guess where price will be next Wednesday at 10:54 am and actually study price the trade numbers on this forum might even improve a couple percent.
Mark ... Everything you have been told is a LIE
  • #6,020
  • Mar 9, 2023 8:47pm Mar 9, 2023 8:47pm
Quoting spzd
{quote} I have it bookmarked. If more wannabe traders would stop trying to guess where price will be next Wednesday at 10:54 am and actually study price the trade numbers on this forum might even improve a couple percent.
How to bookmark a post in FOREX FACTORY?
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