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  • #61
  • Mar 16, 2023 1:40pm Mar 16, 2023 1:40pm
BWilliam what's the percentages on the adr info on the bottom left of your chart? i know 169 is the 20period adr and 270p is the range.
Quoting BWilliam
Update - see how banks push price above the demarcation zone(blue box) up to the dol at a rate above the ah4r top band(blue band). My question is, what TA explains for such market structure in live market which happen every trading day? Cheers {image}
  • #62
  • Mar 16, 2023 2:40pm Mar 16, 2023 2:40pm
Hi thanks for your earlier reply and honestly I'm not here to criticise but if anything I love listening to alternative views and methods to this crazy world of forex trading.

Sorry If this sounds a daft question but what is.demarcation? And.dare I ask is this a type of indicator ... please everyone go easy on me 🤣
  • #63
  • Mar 16, 2023 4:01pm Mar 16, 2023 4:01pm
[quote=BWilliam;14148782]A demarcation is a price that denote the crossover point whether market will take value higher/lower or not.
Quoting hope&glory
Hi thanks for your earlier reply and honestly I'm not here to criticise but if anything I love listening to alternative views and methods to this crazy world of forex trading. Sorry If this sounds a daft question but what is.demarcation? And.dare I ask is this a type of indicator ... please everyone go easy on me 🤣
  • #64
  • Mar 16, 2023 5:01pm Mar 16, 2023 5:01pm
Thankyou buddy.. so in that case are there any guidelines in working this out on a chart ?

[quote=angelofx;14363976]
Quoting BWilliam
A demarcation is a price that denote the crossover point whether market will take value higher/lower or not. {quote}
  • #65
  • Mar 16, 2023 6:25pm Mar 16, 2023 6:25pm
it's what we're here to learn[quote=hope&glory;14364020]Thankyou buddy.. so in that case are there any guidelines in working this out on a chart ?
Quoting angelofx
{quote}
  • #66
  • Mar 16, 2023 8:44pm Mar 16, 2023 8:44pm
Quoting angelofx
BWilliam what's the percentages on the adr info on the bottom left of your chart? i know 169 is the 20period adr and 270p is the range. {quote}
Hi angelofx, the first number is the range percentage above dol, 2nd number is the range percentage below dol, sum of first and 2nd percentage gives total range percentage which is the 4th number, the 3rd number is today's range in pips, and 5th number is ADR20. Cheers
Know what you trade
  • #67
  • Mar 16, 2023 9:03pm Mar 16, 2023 9:03pm
Quoting BWilliam
Hi, the difference is people don't know the real price target at 161.870 which the banks will push to in new York session right now.
I made a live call in new York session. Look at todays market in relation to this price level that's already sitting on our chart. The real problem is traders don't know about such info that sit on our chart.
(Compare the difference between Bank traders who has this info and retail traders who doesn't. Btw I'm the average Joe retail trader. My buddy bank trader opened my eyes. I only know price will get to target, how it get there Idk.)

What traders are told about support and resistance are to extrapolate from previous high low, the higher the timeframe the better. Use fibonacci, pivots, and so on that result in plenty of lines on the traders chart. Then you have the indicator traders with their ma and bands. Supposedly all these show support and resistance.

This resulted in thousand of ways invented trading traditional technical analysis in the retail sector. When the base assumption is faulty and misleading. This thread is a discussion about this mess. Cheers
Know what you trade
  • #68
  • Mar 16, 2023 9:15pm Mar 16, 2023 9:15pm
Thank you. Makes it easier to tell when the desired adr(33%) is reached. Your charts are full of riddles but i'll put in the time to determine what all the levels you highlighted are. Massive knowledge acquired already.
Quoting BWilliam
{quote} Hi angelofx, the first number is the range percentage above dol, 2nd number is the range percentage below dol, sum of first and 2nd percentage gives total range percentage which is the 4th number, the 3rd number is today's range in pips, and 5th number is ADR20. Cheers
  • #69
  • Mar 16, 2023 9:23pm Mar 16, 2023 9:23pm
BWilliam a question on intraday demarcation line or zone, how long are they valid.
  • #70
  • Mar 16, 2023 9:27pm Mar 16, 2023 9:27pm
Quoting angelofx
BWilliam a question on intraday demarcation line or zone, how long are they valid.
Hi, valid so long as banks don't move price in a recalibration manner onto price level somewhere else.

Take GY example, I know the banks price level but I don't know for certain(only probabilistically) know if they will take price higher or not. I watch todays live market and at some point today the probability of the banks intent becomes clear. That's when I get interested to trade in the direction of clear banks intent. GY may not be the best pair to trade today. I trade whatever pair whose bank intent appears clear to me, and offer safe entry.

I told you guys on here, so now you know as well. Let's watch today.

Cheers
Know what you trade
  • #71
  • Mar 16, 2023 9:34pm Mar 16, 2023 9:34pm
Quoting BWilliam
{quote} Hi, valid so long as banks don't move price in a recalibration manner onto price level somewhere else. Take GY example, I know the banks price level but I don't know for certain(only probabilistically) know if they will take price higher or not. I watch todays live market and at some point today the probability of the banks intent becomes clear. I told you guys on here, so now you know as well. Let's watch today. Cheers
this helped.
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  • #72
  • Mar 16, 2023 9:39pm Mar 16, 2023 9:39pm
Quoting angelofx
{quote} this helped. {image}
This type of market is unidirectional, meaning banks move price on one side of dol. In this example the demarcation line is above dol, so we don't have to bother about it. This is the best choice provided there's clear pullback to offer entry.

The new York session GY 200pips move is useless to me even though I have prior knowledge. There's no pullback to execute safe entry.

Retail traders call this trend trading.

I call it banks recalibration of the value of the currency pair. That's why I am a value trader following banks intent for the currency pair.
Cheers

Ps this thread is not about the way I trade. This thread is to discuss about traditional technical analysis. I have written my opinion and shown charts to explain my views. I await a traditional technical analysis trader show how to swing trade intraday.
Know what you trade
  • #73
  • Mar 16, 2023 9:52pm Mar 16, 2023 9:52pm
I have to highlight one important point.

We read FF members write fantastic knowledge about market structure or mechanism, very eloquent. Yet these same posters' trades don't reflect this so called knowledge. Do you think such FF members posts about technical matters valid?

Give this a serious thought. For your benefit.

To be clear, I take aim at traditional technical analysis, not the person. Cheers
Know what you trade
  • #74
  • Mar 16, 2023 10:08pm Mar 16, 2023 10:08pm
Quoting BWilliam
I have to highlight one important point. We read FF members write fantastic knowledge about market structure or mechanism, very eloquent. Yet these same posters' trades don't reflect this so called knowledge. Do you think such FF members posts about technical matters valid? Give this a serious thought. For your benefit. To be clear, I take aim at traditional technical analysis, not the person. Cheers
HI BWilliam,

Is there a mathematical calculation involved to come up with the Banks Target either above or below DOL?
  • #75
  • Edited 10:23pm Mar 16, 2023 10:13pm | Edited 10:23pm
Quoting whitesta
{quote} HI BWilliam, Is there a mathematical calculation involved to come up with the Banks Target either above or below DOL?
Hi whitesta, this tool is readily available on the MT4 apps. I repeatedly told for years now I make live calls on my phone.

Figure out which tool on the MT4 apps that fit this bill. Do your homework. Shouldn't be too difficult to figure out. There's only one tool that retail traders attach it to support resistance.

Those members who accuse me of selling and scamming. Well I can't sell standard MT4 apps tool. Cheers
Know what you trade
  • #76
  • Mar 16, 2023 10:14pm Mar 16, 2023 10:14pm
1 trade setup this morning. Simple without labels and concerns about bad guys big guys and boogeymen.


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If you trade price it's a good idea to throw away all the jargon etc. Look at it as it is. And stop worrying about what is called what. I think it's funny when people argue over the trivial things.

Peter
Real Trading is not gambling.
  • #77
  • Mar 16, 2023 10:18pm Mar 16, 2023 10:18pm
Quoting BWilliam
{quote} Hi whitesta, this tool is readily available on the MT4 apps. I repeatedly told for years now I make live calls on my phone. Figure out which tool on the MT4 apps that fit this bill. Do your homework. Shouldn't be too difficult to figure out. Those members who accuse me of selling and scamming. Well I can't sell standard MT4 apps tool. Cheers
Thanks, will go test all the indicators i guess.

Regards
  • #78
  • Mar 16, 2023 10:19pm Mar 16, 2023 10:19pm
Quoting PeterCaleb
1 trade setup this morning. Simple without labels and concerns about bad guys big guys and boogeymen. {image} {image} If you trade price it's a good idea to throw away all the jargon etc. Look at it as it is. And stop worrying about what is called what. I think it's funny when people argue over the trivial things. Peter
Hi Peter, I have no problem with jargon.

My problem is when we extrapolate horizontal lines from previous high low and then label them support and resistance. There's assumption behind the jargon and this assumption is faulty and misleading. Cheers
Know what you trade
  • #79
  • Mar 16, 2023 10:51pm Mar 16, 2023 10:51pm
Quoting BWilliam
{quote} Hi Peter, I have no problem with jargon. My problem is when we extrapolate horizontal lines from previous high low and then label them support and resistance. There's assumption behind the jargon and this assumption is faulty and misleading. Cheers
Yes there is. Ergo, get rid of the jargon. If the choc cake has rat poison in the center, even if you ignore it or throw away the jargon alone, the poison remains. Therefore, back to my posted example, that trade is a swing trade "intra-day" and a scalp and a trend trade AND a counter trend / contrarian setup. May only be for a few pips each way, but if you play their game, then you are set by their rules.

OK.

Peter
Real Trading is not gambling.
  • #80
  • Mar 16, 2023 11:01pm Mar 16, 2023 11:01pm
Hi, I think Ihlas has been able to gauge well where the Bank Targets are. He maybe be using BWilliams way of trading to see intent as well. Good on them. Some of the traders are doing well.
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