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Flying Dutchman

  • #6,561
  • Mar 14, 2023 8:00am Mar 14, 2023 8:00am
Bagged a few from the off now watch price go to ADR
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every Saint has a past. Every Sinner has a Future
  • #6,562
  • Mar 14, 2023 8:02am Mar 14, 2023 8:02am
Quoting turnip15
Bagged a few from the off now watch price go to ADR {image}
Equities are not restricted to ADR. They want them to run up as much as they can. Brings more people to the casino.
Mark ... Everything you have been told is a LIE
  • #6,563
  • Mar 14, 2023 8:09am Mar 14, 2023 8:09am
Quoting Shabs19
{quote} Days like this maybe use Horizontal Lines instead.
LOL, nice one from an anti-lines trader

no worries, I can deal even with the squiggly ones

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,564
  • Mar 14, 2023 8:11am Mar 14, 2023 8:11am
Y'all were talking about folk taking small profit. This is a $25000 acct (prop thing) that I initiated with a practice entry of 0.65 lot at a whopping 1.8p profit. I know.

You can easily see why some of the Big Dogs with their larger accounts can say 5p and done.

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Mark ... Everything you have been told is a LIE
  • #6,565
  • Mar 14, 2023 8:12am Mar 14, 2023 8:12am
Quoting spzd
Y'all were talking about folk taking small profit. This is a $25000 acct (prop thing) that I initiated with a practice entry of 0.65 lot at a whopping 1.8p profit. I know. You can easily see why some of the Big Dogs with their larger accounts can say 5p and done. {image}
And this is a low leverage account. 1:30 if I'm lucky. Likely more like 1:20 or less.
Mark ... Everything you have been told is a LIE
  • #6,566
  • Mar 14, 2023 8:15am Mar 14, 2023 8:15am
Quoting spzd
{quote} GU has been a bit of a dud so far. Looks as if it may try to go south. As far as my statement. My humor.
it's been trending for 4 days now, it need a pullback, but there is some room for another high.
"the public is not yet ready for it" W.D. GANN
  • #6,567
  • Mar 14, 2023 8:19am Mar 14, 2023 8:19am
Quoting Kwt4x
{quote} it's been trending for 4 days now, it need a pullback, but there is some room for another high.
I call pullbacks - resets. I actually say "price needs to cycle through back into it's main direction"

Been working on that Donchian/Kijun and it fits in well with what I have.

Thanks to all you time-price guys coming over here.
Mark ... Everything you have been told is a LIE
  • #6,568
  • Mar 14, 2023 8:25am Mar 14, 2023 8:25am
One thing I notice about day traders, seldom do you see them take into account Big Round Numbers, or 1/2 Big Round Numbers. One of the characteristics about GU is how it reacts at these numbers and it surprises me that more do not seem to use these highly volatile junctures in the trading day....just a thought...place them on your trading chart and watch for the next week...you may be able to buy wine in a bottle instead of a box..lololo
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  • #6,569
  • Mar 14, 2023 8:31am Mar 14, 2023 8:31am
Quoting spzd
{quote} I call pullbacks - resets. I actually say "price needs to cycle through back into it's main direction" Been working on that Donchian/Kijun and it fits in well with what I have. Thanks to all you time-price guys coming over here.
main direction belong to the bigger TIME, but the smallest is the leading TIME and the most volatile.
GU is breaking day, week, month and 3 months. any pullback should find Support from the major ones.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,570
  • Mar 14, 2023 8:43am Mar 14, 2023 8:43am
I mean look at GJ.....there are some 400 pip trades started at the Big Round Numbers if you had the courage to hold through the oscillations...just saying it's very important when doing your analyses for a day trade entry...my 2 pips for the day..

ps...look at the 164.00 entry two hours ago...nice hey?
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  • #6,571
  • Mar 14, 2023 8:45am Mar 14, 2023 8:45am
Quoting Kwt4x
{quote} main direction belong to the bigger TIME, but the smallest is the leading TIME and the most volatile. GU is breaking day, week, month and 3 months. any pullback should find Resistance from the major ones. {image} cheers,
Leading timeframe is where the battle (one way many phrase it) is. Whoever wins there decides higher timeframe direction. I am short term so I use the M15 for my "big picture" which is only a few day to a week as nothing beyond that really matters for MY trading. I do look at D1, W1, and monthly (no clue how to abbreviate lol).

How I see things is GU is placing a top for some south travel soon. As often I could be completely wrong. And that is why I trade short term.

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Mark ... Everything you have been told is a LIE
  • #6,572
  • Mar 14, 2023 8:47am Mar 14, 2023 8:47am
Quoting Swede
I mean look at GJ.....there are some 400 pip trades started at the Big Round Numbers if you had the courage to hold through the oscillations...just saying it's very important when doing your analyses for a day trade entry...my 2 pips for the day.. ps...look at the 164.00 entry two hours ago...nice hey? {image}
The last 75+p move started at BRN164
Mark ... Everything you have been told is a LIE
  • #6,573
  • Mar 14, 2023 8:53am Mar 14, 2023 8:53am
I remember a guy on here that uesd to say
Look Left
For some reason he dose not now
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  • #6,574
  • Mar 14, 2023 8:54am Mar 14, 2023 8:54am
Quoting spzd
Y'all were talking about folk taking small profit. This is a $25000 acct (prop thing) that I initiated with a practice entry of 0.65 lot at a whopping 1.8p profit. I know. You can easily see why some of the Big Dogs with their larger accounts can say 5p and done. {image}
Hey M...very true. Glad you brought it up. I'm going put a link to twitter account I follow Cory Mitchell..a great daytrader.. he daytrades only the EU during NY.. and what are his profit targets..well he works in genuine R's but generally not less than 1.5/1 and these targets will be 4 pips 5 pips 6 or 7 pips. But he has the capital and firen does a 5R week..

6 figure trading doesn't take alot of pips.. so many ES traders tp a pt or two... But scaled up..much like one can do with a "prop acct" nowadays.... Anyways this Tweet thread is relevant IMO....

Cheers
Blue


https://twitter.com/corymitc/status/...495917572?s=20


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Markets are Mirrors,,Mastery of craft is mastery of self
  • #6,575
  • Mar 14, 2023 8:59am Mar 14, 2023 8:59am
Quoting bluesteele
{quote} Hey M...very true. Glad you brought it up. I'm going put a link to twitter account I follow Cory Mitchell..a great daytrader.. he daytrades only the EU during NY.. and what are his profit targets..well he works in genuine R's but generally not less than 1.5/1 and these targets will be 4 pips 5 pips 6 or 7 pips. But he has the capital and firen does a 5R week.. 6 figure trading doesn't take alot of pips.. so many ES traders tp a pt or two... But scaled up..much like one can do with a "prop acct" nowadays.... Anyways this Tweet thread is relevant...
It can be done. Especially in this day/age with a few legit prop firms to seed your own accounts. While the world burns, life is good.
Mark ... Everything you have been told is a LIE
  • #6,576
  • Mar 14, 2023 9:01am Mar 14, 2023 9:01am
Quoting turnip15
Bagged a few from the off now watch price go to ADR {image}
Smarty pants thought price would make nice short through ADR - no it didn't = loser.
Overall a few scalps ending positive. Will finish for the session ( pm UK time) in a few minutes.
Just lines again like you say TT et al.
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every Saint has a past. Every Sinner has a Future
  • #6,577
  • Mar 14, 2023 9:03am Mar 14, 2023 9:03am
Quoting bluesteele
{quote} Hey M...very true. Glad you brought it up. I'm going put a link to twitter account I follow Cory Mitchell..a great daytrader.. he daytrades only the EU during NY.. and what are his profit targets..well he works in genuine R's but generally not less than 1.5/1 and these targets will be 4 pips 5 pips 6 or 7 pips. But he has the capital and firen does a 5R week.. 6 figure trading doesn't take alot of pips.. so many ES traders tp a pt or two... But scaled up..much like one can do with a "prop acct" nowadays.... Anyways this Tweet thread is relevant...
He has a decent amount of free material that focuses on just that - scalping the EU. Once you look over it, you are a believer of short term. Why? It's the EU. People scalp almost everything else.

This is not a promo. It fits in with the discussion that you can gleen information from many different sources to improve your craft.
Mark ... Everything you have been told is a LIE
  • #6,578
  • Mar 14, 2023 9:03am Mar 14, 2023 9:03am
Quoting spzd
{quote} Leading timeframe is where the battle (one way many phrase it) is. Whoever wins there decides higher timeframe direction. I am short term so I use the M15 for my "big picture" which is only a few day to a week as nothing beyond that really matters for MY trading. I do look at D1, W1, and monthly (no clue how to abbreviate lol). How I see things is GU is placing a top for some south travel soon. As often I could be completely wrong. And that is why I trade short term. {image}
just a note: TIME work on all TF's. the difference between TF's is the bar size and waves.
this is M15 with the same TIME's used in H1 in my last post, they are identical

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #6,579
  • Mar 14, 2023 9:05am Mar 14, 2023 9:05am
Quoting turnip15
{quote} Smarty pants thought price would make nice short through ADR - no it didn't = loser. Overall a few scalps ending positive. Will finish for the session ( pm UK time) in a few minutes. Just lines again like you say TT et al. {image}
Told ya about those casino games ...
Mark ... Everything you have been told is a LIE
  • #6,580
  • Mar 14, 2023 9:05am Mar 14, 2023 9:05am
Quoting OAPDave
I remember a guy on here that uesd to say Look Left For some reason he dose not now {image}
Nice to see you caught this one Dave...good job man! I sadly was asleep at the wheel, chatting with my wife instead of paying attention lol
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