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Flying Dutchman

  • #7,061
  • Mar 21, 2023 6:58pm Mar 21, 2023 6:58pm
Quoting fxpider
{quote} Thank you, SIR, and same to you. Just trying to be observant as much as possible to read the market mechanics. Your posts helps me a lot to look for THINGS.
See how you just taking profit today was the correct thing. Now that you are mastering market structure, perhaps some deeper look into how price creates those. When I said I thought the move was done was based on PA. It will do certain things at certain times. Nothing secret. Usually, after a larger move some sort of base is formed and you can catch that fairly quick. Things like that.
Mark ... Everything you have been told is a LIE
  • #7,062
  • Mar 21, 2023 7:21pm Mar 21, 2023 7:21pm
Quoting spzd
{quote} See how you just taking profit today was the correct thing. Now that you are mastering market structure, perhaps some deeper look into how price creates those. When I said I thought the move was done was based on PA. It will do certain things at certain times. Nothing secret. Usually, after a larger move some sort of base is formed and you can catch that fairly quick. Things like that.
Success = Practice + Patience + Persistence
  • #7,063
  • Mar 21, 2023 7:33pm Mar 21, 2023 7:33pm
Quoting fxpider
Two trades are taken on NY session, while working with SPZD. {image}
very good analyses!!!
  • #7,064
  • Mar 21, 2023 8:17pm Mar 21, 2023 8:17pm
Morning in Asia is over for me, no fomo,
they can take price exactly where they need to from now, up to them.

Back for pre-Franky
Trade safe guys.

.
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  • #7,065
  • Mar 21, 2023 8:26pm Mar 21, 2023 8:26pm
[quote=TimeTells;14368273]{quote} Asia MUST .... Create a New Hi and also a New Lo for the New day.

Hi All,

Finished my day job and picked this trade minutes ago. Read and re read TimeTells post and checked our favourite chart, GBP/JPY. I don't often get chance to trade Asia session but this one was as per my rules and kind of telling traders where its headed. As usual RN and Time were the main ingredients. Targets marked in spring green. The third target where i took profit was DOL. Not a big trade but a good one. I haven't fully understood the golden nuggets given yesterday by Timetells but i just read it so many times and got to understand about 25% of what was written. It takes time and patience. Well i just kept asking myself what he meant by New Hi and New Low. Opened a chart and saw a High forming. For the perfectionist, if you look closely then u may say i entered a bit late cos the structure wasn't broken when i got in and for risk takers i was a bit late cos after PFH there was a lower Low. Well as they say there is no one way to trade.

Trade Well All.
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  • #7,066
  • Mar 21, 2023 8:45pm Mar 21, 2023 8:45pm
Quoting whitesta
{quote} I don't often get chance to trade Asia session but this one was as per my rules and kind of telling traders where its headed. As usual RN and Time were the main ingredients. Targets marked in spring green. The third target where i took profit was DOL. Not a big trade but a good one. {image}

A lovely trade to see Whitesta.

Mate, you, me & everybody to some extent I guess saw some things in what others have presented over the year here on Dutchy. We all are keen to learn.

Then, imho, and whatever WE do afterwards, in our own office, with just our Charts & ourselves and with price moving around structures & targets,
is BASED on what we only will do THEN.... ie US.

Everyone's trades therefore are a credit to themselves imo, as they alone will be the ones who push the buy/sell button when it comes to the final crunch

Great trading again imo, W, and cheers pal.
  • #7,067
  • Mar 21, 2023 9:38pm Mar 21, 2023 9:38pm
An interesting take on volume. It is used by ....

...TECHNICAL ANALYSTS.

https://www.investopedia.com/terms/v...ng%20decisions.

And now let's dance...

Inserted Video
  • #7,068
  • Mar 21, 2023 11:01pm Mar 21, 2023 11:01pm
Since its quiet here, thought i would share a losing trade i placed last night. It was as usual on GBP/JPY. Well if we follow targets then it was me v me cos it hit the target and i ignored it. So technically price did what it had to but i tried to be smart..lol. Lesson is that it could be any target, whether its close or 100 pips away. Any input is welcome.
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  • #7,069
  • Mar 21, 2023 11:27pm Mar 21, 2023 11:27pm
Quoting whitesta
Since its quiet here, thought i would share a losing trade i placed last night. It was as usual on GBP/JPY. Well if we follow targets then it was me v me cos it hit the target and i ignored it. So technically price did what it had to but i tried to be smart..lol. Lesson is that it could be any target, whether its close or 100 pips away. Any input is welcome. {image}

Hi W,

I had a look mate as I love a chart as you know.

I would have had to be there at the time, to give a real opinion if you know what I mean, as its always easier to critique stuff in hindsight, so I'm going to go with it wasn't a poor trade. Maybe I will say it wasn't quite an established trade as yet. But how to justify that comment?

I would have liked maybe to see a break at the high above the 000 first, I'm always a bit suss if they don't shoot for it, when so close, as price was definately still moving on the up, so it was 50/50 perhaps then as just a Pullback from the high. If we think pullback is a possibility then we "know" from prior experience that price should go back towards 50% of the prior swing, whatever that might be, the low candle at London Open or the Day Open, either would suffice as we only need approximation.

Then we could wait i guess to see what then happens around that 50% pullback and if it inflects (for a continuation down) or if it bounces off the 50% and starts rising again (50% pullback zone could also be used as a de-facto Structure Line if you know what I mean, so I guess I say WAIT at that point, while I know I have also traded like you & jumped in then with a quick loss exit if needed - losing even 10-15 pips for me and only chasing 10 pips profit wouldn't phase me as its readily retrievable, as you can then even close & flip to a BUY and chase that BRN 000 above. In the HOUR after London Open they still play FakesNFlips ESPECIALLY if they haven't done one in Franky, as then it is likely just some Profit taking retrace to the 50% and NOT a fake. Tough call. A 50/50 trade, if up for the day I try them, but have restricted that type of trade myself over the past 8 months. I like the Lock Trades hahaaa. If price had dropped below the 50% pullback from just under the 000 above to the Day Ope below, I would have been fairly keen to trade a sell back to about 5-6 pips above the D.O.

Keep in mind I can say all this in hindsight now and when looking at a completed chart, and could only give a real/honest answer ONLY 'while it all was happening'
(A reporter once asked Van Morrison what he was thinking of when he wrote a particular song, and he replied "You would have had to ask me AT THE TIME. LOL)

We move on, we trade on.
  • #7,070
  • Mar 22, 2023 12:02am Mar 22, 2023 12:02am
Quoting whitesta
Since its quiet here, thought i would share a losing trade i placed last night. It was as usual on GBP/JPY. Well if we follow targets then it was me v me cos it hit the target and i ignored it. So technically price did what it had to but i tried to be smart..lol. Lesson is that it could be any target, whether its close or 100 pips away. Any input is welcome. {image}
***Hindsight alert***

W, Look further left on bigger timeframe. Asian session high. In hindsight it was a countertrend trade so targets need to be taken as the probability is price will go against you and continue. There were more attractive levels to be met before a bigger pullback. But I've learned what is good one day is shit the next if all we do is follow a myopic approach of only looking at one or two thngs without a bigger view - foresight perhaps.

All the best today.
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  • #7,071
  • Mar 22, 2023 1:25am Mar 22, 2023 1:25am
Quoting whitesta
Since its quiet here, thought i would share a losing trade i placed last night. It was as usual on GBP/JPY. Well if we follow targets then it was me v me cos it hit the target and i ignored it. So technically price did what it had to but i tried to be smart..lol. Lesson is that it could be any target, whether its close or 100 pips away. Any input is welcome. {image}
Pip wise it might be a losing trade BUT I can see that

  1. You CUT your loss very quickly ---> that's a winning point, IMHO
  2. You also identified, WHY it did not work out --> another winning point.

Success = Practice + Patience + Persistence
  • #7,072
  • Mar 22, 2023 3:16am Mar 22, 2023 3:16am
I skim-read the first few posts in the first page and it's apparent that there's just loads of veterans here. I am hungry for knowledge and info so this thread is a great place for me. I think I'm gonna spend some time to read through this thread during the weekend to keep up. Got some other threads that I subscribed to so I'll have interesting days ahead. Thanks to all the veteran traders for taking their time to enlighten us.
If you want to make a lot of money, go to where money is in abundance.
  • #7,073
  • Mar 22, 2023 5:15am Mar 22, 2023 5:15am
Quoting whitesta
Since its quiet here, thought i would share a losing trade i placed last night. It was as usual on GBP/JPY. Well if we follow targets then it was me v me cos it hit the target and i ignored it. So technically price did what it had to but i tried to be smart..lol. Lesson is that it could be any target, whether its close or 100 pips away. Any input is welcome. {image}
When you are taking a risk like that maybe to bring your SL closer to BE +1 to lock in some profit.

If you are wrong, it is a scratch trade.

Best is to zoom out & look left, especially when your position goes against MS of the HTF.
It never gets easier, you just get better
  • #7,074
  • Mar 22, 2023 5:50am Mar 22, 2023 5:50am
My hindsight E/J - lethargic long. Closed now
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every Saint has a past. Every Sinner has a Future
  • #7,075
  • Mar 22, 2023 6:03am Mar 22, 2023 6:03am
Quoting ShadowdanceR
I skim-read the first few posts in the first page and it's apparent that there's just loads of veterans here. I am hungry for knowledge and info so this thread is a great place for me. I think I'm gonna spend some time to read through this thread during the weekend to keep up. Got some other threads that I subscribed to so I'll have interesting days ahead. Thanks to all the veteran traders for taking their time to enlighten us.
I hope by veterans , you mean experienced and not long in the tooth.

Of course, you are welcome.
It never gets easier, you just get better
  • #7,076
  • Mar 22, 2023 7:51am Mar 22, 2023 7:51am
Quoting ShadowdanceR
I skim-read the first few posts in the first page and it's apparent that there's just loads of veterans here. I am hungry for knowledge and info so this thread is a great place for me. I think I'm gonna spend some time to read through this thread during the weekend to keep up. Got some other threads that I subscribed to so I'll have interesting days ahead. Thanks to all the veteran traders for taking their time to enlighten us.
There is some good stuff here. Also, some dysfunctional happenings. Good luck.
Mark ... Everything you have been told is a LIE
  • #7,077
  • Mar 22, 2023 8:05am Mar 22, 2023 8:05am
Quoting turnip15
My hindsight E/J - lethargic long. Closed now {image}
Will it do a Timetells Bermuda Triangle and hit BRN 143.000 ?
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every Saint has a past. Every Sinner has a Future
  • #7,078
  • Mar 22, 2023 10:42am Mar 22, 2023 10:42am
Had the perfect spot for the long, (the London Low test at the arrow and 61.8 fib retrace from London High)...but, being FOMC day that may not be so wise...will wait for a clue of direction about 15 min after...
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  • #7,079
  • Mar 22, 2023 1:19pm Mar 22, 2023 1:19pm
Charlie Burton....long time highly succesful trader...

Here's his thoughts on Bank Levels...TA...you vs you..
All wrapped up in one short sweet package.

The first 2 minutes who does that you remind you of 😜

7 min vid well worth the time and as a side note Charlie has great material..just old time straight fwd trading much like spoken of here on the Dutchy thread.

Be great if someone posted this video on BWilliams thread 😉👍.

All the best
Blue

Inserted Video
Master your Mind,,,Master the Market
  • #7,080
  • Mar 22, 2023 1:38pm Mar 22, 2023 1:38pm
Quoting bluesteele
Charlie Burton....long time highly succesful trader... Here's his thoughts on Bank Levels...TA...you vs you.. All wrapped up in one short sweet package. The first 2 minutes who does that you remind you of 😜 7 min vid well worth the time and as a side note Charlie has great material..just old time straight fwd trading much like spoken of here on the Dutchy thread. Be great if someone posted this video on BWilliams thread 😉👍. All the best Blue https://youtu.be/UMVEdjZnq_A
That was a very good to the point video.

It would just be a waste to post it over there. From what I see this is what is going on over there ...

Inserted Video
Mark ... Everything you have been told is a LIE
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