(binned per thread starter’s request) Intraday swing trading | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

5/6 candle swing low swing high Indicator 5 replies

Swing high / Swing low indictator+alert? 20 replies

Trading Swing by Swing 39 replies

Swing highs and swing lows 3 replies

swing high/swing low indicator and volume tic history 13 replies

Attachments: (binned per thread starter’s request) Intraday swing trading
Exit Attachments

(binned per thread starter’s request) Intraday swing trading

  • #261
  • Mar 22, 2023 10:21am Mar 22, 2023 10:21am
Quoting pipcatcher2
{quote} looks like TMA with price at bands extremes to me
I think he uses a kind of ADR Bands indicator.
Attached one is similar to his tool,but this one is not easy to use(Not repaint indi)
Attached File(s)
File Type: ex4 R4M-BD-ADR.ex4   152 KB | 325 downloads
  • #262
  • Edited 6:09pm Mar 22, 2023 4:37pm | Edited 6:09pm
Quoting BWilliam
{quote} Fail again as expected. Another attempt which look weaker. Tomorrow is crucial, h4 intent is still poised bullish. Huge move is required to succeed. Cheers.
GY update. I made it clear that "huge move is required to succeed". Today's large moved failed to clear 161.870 called on last Thursday. Look at the day candle to "see" how banks kept the close below this level, almost in a straight line.

Until market falls below this level in the pic, market will continue to push towards this 161.87. This is how important this demarcation zone. Look left on day chart to "see".
(Btw, I don't adopt TA look left assumption. Look left is nonsense and too late.)

----------------------------------------------------------------------------------

FF members say no one know the future. I say TA faulty, misleading and dangerous assumption is the reason. If the FF member write essays to claim he knows about market structure or mechanism how organised this market is, yet at the same time say no one know the future he contradicts himself. His real trades contradict his supposed market structure or mechanism knowledge. Indoctrination activity on FF, the blind leading the blind(the clear sign of blindness is TA scalping, it's so easy to spot). Nobody know the future, I'd say, speak for yourself.

I don't do personal attacks. I take aim at faulty, misleading and dangerous TA assumptions, and TA market structure or mechanism. The losers 75-90% rate is the proof.

My purpose is to wake FF members up. If you do what these losers pool do, you get the same result. Years down the road you will realise this, that's wasted time you pay. This is the purpose of this thread.

It's useless to repeat myself. I have delivered the message loud and clear.

It's a difficult message to deliver. Because the SHRINKS say the reason for your failure is due to YOU vs YOU. I say bullshit! Opportunist SHRINKS use losing traders vulnerability to sell their books and seminars. Shame on you!

Cheers

***REMINDER - this thread is not about the way I trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gy7.PNG Size: 17 KB
Know what you trade
  • #263
  • Mar 22, 2023 4:50pm Mar 22, 2023 4:50pm
Quoting pipcatcher2
I have a final question (kindly refer to your image uploaded below) regarding your tools you use , you left out what metrics one tool measures so i draw your attention if you will mention its purpose like you mentioned for the other ones cheers and thanks for the alarms in a more responsible manner this time {image}
Hi pipcatcher2, it's zigzag pointer ring. The purpose is to show the swings. It's not a swing until the ring show, it's a swing if the ring show. Cheers
Know what you trade
  • #264
  • Mar 22, 2023 5:45pm Mar 22, 2023 5:45pm
Quoting RickM
{quote} Mate, you should be asking Peter Caleb because I am sure you will recieve a 1950 word post about the merritts of that organsation. I started trading on a Wet Tuesday Morning otherwised called Black Tuesday 1987. To the rest of the world it was Black Monday but due to time zones, it was a Tuesday morning in Wellington New Zealand. I had just watch my brother lose $100,000 on his Share portfolio and he was yelling at his broker (no online brokers then) to get his positions closed. Everybody then was borrowing money of their banks to get into...
Why is it that people are SO afraid to learn something UNLESS it's in their periphery to get and keep something? I don't like seeing normal people lose money either, but I don't believe in selling the idea of candy to children and calling it "nutritional supplements". I do know some things about the WB but I wouldn't bother speaking about its merits no. Instead I would say that a person needs to stop living in an "endless holiday mode", thinking that "some other person/entity" is always going to take care of everything FOR YOU. People will never know what they can do with their trading activity unless they see the landscape properly. And to see it properly, you have to stop pretending you're a simpleton in an age where simpletons 'make good decisions'.

From my perspective, just as with this thread's content, people are afraid of anything real. Technical analysis is ANYTHING beyond a "brick-n-mortar" presentation. SO EVERYTHING on this site IS technical analysis in some form or another. SO there's no point in arguing over such self evident things.

To gain a 50pip tradable swing formation on ANY instrument, simply multiply the timeframe's medium period movement by half of the weekly average period movement as a square range. This is not up for debate or opinion making as it's done this way in all areas of society ..... it's called "business".

Eg - The following is hypothetical so you'll need to check current numbers yourself.

GBPUSD likes to move between 40-200 pips daily. I will choose the 1HR TF. Weekly it does eg 400pips.

So, if the 1HR view's average movement is say, 20pips, then

20 x (400 / 2) = 4000 / (10 fractional pips in a whole pip) = 400 pips square range.


Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd h1 swing.png Size: 14 KB



So I don't see what all the fuss is about. It's about KNOWING YOUR MARKET not whether TA is toxic or not.

Have fun arguing over silly stuff.


Peter

PS - Good money management BEGINS with seeing and knowing the landscape. And this leads to learning about ALL forms of risk. Therefore it has nothing to do with making or losing money. Website traders either don't know or understand this or don't want others to know this.
Real Trading is not gambling.
  • #265
  • Mar 22, 2023 7:41pm Mar 22, 2023 7:41pm
Quoting BWilliam
{quote} GY update. I made it clear that "huge move is required to succeed". Today's large moved failed to clear 161.870 called on last Thursday. Look at the day candle to "see" how banks kept the close below this level, almost in a straight line. Until market falls below this level in the pic, market will continue to push towards this 161.87. This is how important this level. Look left on day chart to "see". FF members say no one know the future. I say TA faulty, misleading and dangerous assumption is the reason. If the FF member claim he knows...
This is both a reply to this post and the one here: https://www.forexfactory.com/thread/post/14366681#post14366681

Thats a really bad assumption. Your assuming every single trader trades TA? You keep pointing to this percentage and laying claim that all use TA. You don't think there are any failed FA traders? You dont think there are any quantified statistical approach traders that fail? You have to blame the trader. Who else are you looking to blame? Seeking professional help is an option to help people deal with the psychological aspects of investing but its always a PERSONAL decision that one makes and is not a requirement for successful trading/investing. A requirement in my eye though is to make sure your have the skillset to perform in this demanding business, part of that skillset makes up your MINDSET/PSYCHOLOGICAL side and making sure you show up, your dialed in, on point and firing on all cylinders. If not, well you will get your ass handed to you.

Back to the failure rate, what your looking at is the end result, this 75-90% failure figure. What happens in between the opening and closing of those trades gets left out. Fixated on this failure rate is not something you should be focused on really. If your focused on that, you probably should not be in this business.

Take 10 trades and lets just say you loose all 10 trades but.....you were up 30 pips on each and every one of those trades. Now what? In your point here was TA wrong or was the Trader wrong?

Its simple folks, the forex market is hard (shocker). BUSINESS IS HARD!

MY POINT: A successful business/trading career is HARD, REALLY FUCKING HARD and there is a high failure rate. Much like any business across the board, they have high failure rates, the percentages vary based on the specific circumstances of each business but all deal with failure rates of some sort.

Forex itself as a business is one of the most challenging and difficult business to WIN at.

TA, Structure, Banks Intent on price, price action, FA, tape reading, volume or whatever term your looking to use to identify yourself and use to make your decision to buy/sell in whatever market your trading all falls into Market Analysis.

We are all traders/investors and with that we all make some sort of Market Analysis to place a trade. BUY or SELL.

BWilliam, in my opinion you are wrong to say TA is faulty, misleading and dangerous in the context your putting it in.

The TRUTH is, the Investing industry (NOT JUST TA) is littered with faulty, misleading and dangerous content every where you look, across every aspect of trading.

You want the right way, there is only one right way and thats being SUCCESSFUL. One has to define success for themselves.

Look, How about we look to change the narrative here at Forex Factory? A place you visit frequently. A place a-lot of members diss on yet here they are.

You want to help traders see your point of view, wake traders up. RickM wants to help people not loose money. PeterCaleb I think wants to help in some way.

What are you going to do about it?
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #266
  • Edited 8:32pm Mar 22, 2023 8:15pm | Edited 8:32pm
Quoting HTG
The TRUTH is, the Investing industry (NOT JUST TA) is littered with faulty, misleading and dangerous content every where you look, across every aspect of trading.
Hi HTG, I agree 100% with this para you wrote. Bingo!
The most accurate, logical and honest I've read so far.

So, yes I ASSUME which I wrote clearly that most retail traders trade TA.

That's why my focus is specific on TA.

I can't blame the trader when he learnt faulty, misleading and dangerous TA assumptions. The fault is not the person, the fault is what he is taught.

How to change the narrative on FF, you ask.

Start by calling out TA is faulty, misleading and dangerous. All these traders, the herd, are falling into the fire pit.

Start questioning every TA assumption. Even when the trades return a profit. Instead of saying nice trade.

We should question TA assumptions, question the nice pretty artwork charts. Why we have what we put on our chart. Why we put nothing on our chart. Why we see something on our chart.

All these has their own TA underlying assumptions. Question every single one of them.

That's how we change the narrative on FF.

Start from the beginning,

"TA assumptions are faulty, misleading and dangerous."

Which you and imo every honest, logical veteran in this business agree with.

What are you going to do about it, you ask,

Well, in my small way, I put in this effort to get FF members come on here to chat and discuss about it. This thread is for honest, logical adults. Which my experience posting on FF tell me there are few. Strange isn't it? Even fewer still who chose to do something about it. Cheers
Know what you trade
  • #267
  • Mar 22, 2023 8:52pm Mar 22, 2023 8:52pm
Quoting Ihlas
{quote} Great, thanks for sharing your story.What will you do once you can't get that volume thing or stops to generate profit? So real life is thing as Peter Caleb says.What I'm doing also imbalance, but some connection with real life.Good luck!
Real live is about people, therefore you need to be able to see trader participation before you can be a Peter C.
Volume is the ultimate real life barometer because here we can see real people acting out their fantasies and pushing the trade button.

Once we see so many traders lose their money every day, we understand the best way of being profitable is to be on the other side of their trades.

Volume shows us which side they are on, all we have to do therefore is jump side and become a thief,

What would I do if volume levels stopped providing profits for me, that’s easy. Next week I head over to Japan for a 6 week trading joint where I split my time between trading and doing the odd touristy thing. If the volume signals are providing crappy signals which does happen from time to timer, I will spend my time eating Sushi.

FUCK trading in those occasions
Trading thin liquidity at the boundary of the charts
  • #268
  • Mar 23, 2023 12:07am Mar 23, 2023 12:07am
Quoting RickM
{quote} Real live is about people, therefore you need to be able to see trader participation before you can be a Peter C. Volume is the ultimate real life barometer because here we can see real people acting out their fantasies and pushing the trade button. Once we see so many traders lose their money every day, we understand the best way of being profitable is to be on the other side of their trades. Volume shows us which side they are on, all we have to do therefore is jump side and become a thief, What would I do if volume levels stopped providing...
Believe me, there're more important things than volume! What you're saying is also true.

Especially in FX
  • #269
  • Mar 23, 2023 12:24am Mar 23, 2023 12:24am
Quoting Ihlas
{quote} Believe me, there're more important things than volume! What you're saying is also true. Especially in FX
Its important to me, but may be totally useless for other traders strategies.

We have communicated before about your ideas in other social media sites, but could you give us some more insights here into how you trade the markets.
Trading thin liquidity at the boundary of the charts
  • #270
  • Mar 23, 2023 3:11am Mar 23, 2023 3:11am
Quoting RickM
{quote} Its important to me, but may be totally useless for other traders strategies. We have communicated before about your ideas in other social media sites, but could you give us some more insights here into how you trade the markets.
Boeing is doing bad, but another company that has firm connection with Boeing is doing good. So by connecting the dots, I can easily go long Boeing.Observation and connecting dots are essential, but I need to find that relations connecting Boeing and X company.In a nutshell, like this!
  • #271
  • Mar 23, 2023 4:11am Mar 23, 2023 4:11am
Quoting BWilliam
{quote} Hi pipcatcher2, it's zigzag pointer ring. The purpose is to show the swings. It's not a swing until the ring show, it's a swing if the ring show. Cheers
Thank you for the clarification
  • #272
  • Edited 5:30pm Mar 23, 2023 4:33pm | Edited 5:30pm
Quoting BWilliam
{quote} GY update. I made it clear that "huge move is required to succeed". Today's large moved failed to clear 161.870 called on last Thursday. Look at the day candle to "see" how banks kept the close below this level, almost in a straight line. Until market falls below this level in the pic, market will continue to push towards this 161.87. This is how important this demarcation zone. Look left on day chart to "see". (Btw, I don't adopt TA look left assumption. Look left is nonsense and too late.) ----------------------------------------------------------------------------------...
GY update. This is the live call I made at New York close yesterday. Both demarcation zones(blue box) is already on your chart. Banks intent already known before a single forex contract is executed.

When I write TA assumptions are faulty, misleading and dangerous, I mean it.

Youtube forex trading vidoes are all trash, 100% of them.

The most accurate, logical and honest post about forex market. Cheers
Quoting HTG
The TRUTH is, the Investing industry (NOT JUST TA) is littered with faulty, misleading and dangerous content every where you look, across every aspect of trading.
The tools on my chart is used to track and measure the market, I described each of their purpose on this thread.

If you ask how I make those live market analysis about bank intent,

The answer is quant statistical math. On my mt4 phone apps. I wrote this many times. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: gy1.PNG Size: 27 KB
Know what you trade
  • #273
  • Mar 24, 2023 6:36am Mar 24, 2023 6:36am
I do trade counter-trend on rare occasion. But it's more difficult where I have to protect my trade moving stop loss to be asap. Got it right on the 3rd attempt. One thing certain, I don't scalp, I don't look left and I don't wait for confirmation - all meaningless. It's always 50pips minimum profit target even off the 1m chart. 1m timeframe hit profit target much faster, that's the difference. Cheers.

"TA assumptions are faulty, misleading and dangerous."
Attached Image (click to enlarge)
Click to Enlarge Name: gy1.PNG Size: 16 KB
Know what you trade
  • #274
  • Mar 24, 2023 7:10am Mar 24, 2023 7:10am
Attached Image (click to enlarge)
Click to Enlarge Name: ta hell.jpg Size: 81 KB
Trading thin liquidity at the boundary of the charts
  • #275
  • Mar 24, 2023 8:11pm Mar 24, 2023 8:11pm
Quoting BWilliam
I do trade counter-trend on rare occasion. But it's more difficult where I have to protect my trade moving stop loss to be asap. Got it right on the 3rd attempt. One thing certain, I don't scalp, I don't look left and I don't wait for confirmation - all meaningless. It's always 50pips minimum profit target even off the 1m chart. 1m timeframe hit profit target much faster, that's the difference. Cheers. "TA assumptions are faulty, misleading and dangerous." {image}
I showed this trade for 2 purposes.

First, this trade marks the day bottom. As the market plunge from Frankie open, there's no way we can trade counter-trend long trade with a 50pips minimum profit target. The only time we can trade for 50pips profit target is the day low. And to take this trade, I must already know this is the day low else this trade make no sense.

This is the reason why I make this challenge to TA traders, post on here a 50pips minimum intraday profit target, to demonstrate your TA knowledge about market structure and mechanism(history trade is accepted). Anyone can write long theoretical essays and post beautiful artwork charts. Don't be fooled people.

2nd, look at the m1 chart how many small swings the market kept falling, that's how difficult to trade the extremes of the intraday swings. This is the reason why trading counter-trend, aka catch the falling knife is very difficult. Yet, there are so many TA traders trade counter-trend, buy when the oscillator hit oversold or price hit the bottom bollinger band. Or price hit a horizontal line extrapolated from previous low labelled support.

My message is simple,

TA assumptions are faulty, misleading and dangerous.
TA market structure knowledge is faulty, misleading and dangerous.

Wake up people.

Have a great weekend.

Cheers
Know what you trade
  • #276
  • Mar 24, 2023 9:01pm Mar 24, 2023 9:01pm




BW
Kev told me you had recently (again) said that you were leaving FF.

So one visit only for you, to hopefully help you clarify some of the (false?) info you provide to NEW traders here BW.

Rule #1 for new traders.
Do NOT use a ZigZag indicator as an alternative to Chart Analysis Study or to pin-point any trade entry (use only as a guide "in the moment")

Rule #2,
Carefully vet everything that a trader says when they say things like "can't be done".
They may well be misleading you.
Only YOU will save you when you are trading .

Another fallacy. That you cannot trade in both directions inside the same SESSION.

Be wary folks please, of info you may read that doesn't stack up with real trading.
Do your OWN studies.

Now, Asia was just a +17p morning for me.
I was watching the footy after London when the crazy drop came on GBPJPY.
This is well known among real traders ... as the GRINDER.
It catches many unaware traders off guard as they scan things like ADR etc to see if price should reverse now.
Price does NOT reverse off an ADR, price does NOT reverse of a ZigZag signal.
Price reverses only when the MARKET says so, not you, not your indis, not your blind hope.

Especially do not jump in when an indi like a ZigZag says so,
WHY
(and hopefully this can help your readers BW)

IF
All traders are jumping on the counter-reversal at the SAME point, then the load is one-way and then who is taking the opposite side of YOUR trades.
Trader must have patience, and their eyes, and then analyse and just think, is this the WRONG place (get it, dont think is this the right place)

PS my sell trade after the buy for +19 was for that very reason (a one way load on market direction. No volume, just your eyes & brain.
The Market was too loaded with new BUYers and had to ease off the pedal.
If we can THINK we can undertand our markets withour any indicators telling us all WHEN to enter. Use indis maybe only for a composite structure view.
Each to their own.

Hope this helped you BW.
Back to the Dutchman now for me. Good fortunes with your trading (I do mean it pal).

If I am made aware that your observations are a little out-of-whack again I will try to help when I can.
Our paths may well meet again

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 +51p to close the day.png Size: 14 KB
  • #277
  • Edited 9:42pm Mar 24, 2023 9:06pm | Edited 9:42pm
Quoting TimeTells
BW Kev told me you had recently (again) said that you were leaving FF. So one visit only for you, to hopefully help you clarify some of the (false?) info you provide to NEW traders here BW. Rule #1 for new traders. Do NOT use a ZigZag indicator as an alternative to Chart Analysis Study or to pin-point any trade entry (use only as a guide "in the moment") Rule #2, Carefully vet everything that a trader says when they say things like "can't be done". They may well be misleading you. Only YOU will save you when you are...
One more mention about me or anyone in your post you will be banned from posting here. You have made a cheap shot personal attack, only kids do this. (Zero technical content in your usual long essay. I tell members to see his real trades, that's his real knowledge, not his theoretical essays and beautiful artwork charts. Same with every other poster, they are mostly TA scalpers in both directions.)

This thread allow any opinion, disagreement is allowed.

I expect strong disagreement from majority TA traders on FF.
Best if TA traders demonstrate and explain how you use TA assumptions together with TA market structure knowledge to trade intraday swing trade.
So far none has done this. Zero, zilch, nada.

But any reference to person is strictly not allowed. You will be banned the next time.
Know what you trade
  • #278
  • Mar 24, 2023 9:08pm Mar 24, 2023 9:08pm
Quoting BWilliam
{quote}
One more mention about me or anyone in your post you will be banned from posting here. This thread allow any opinion, disagreement is allowed. But any reference to person is strictly not allowed. You will be banned the next time.

My apologies sir, I only mentioned the OP not any other reader.
I will scurry away now to the Dutchman ship, thank you for your time.


(edit: trade well all, trade safe)
  • #279
  • Mar 24, 2023 9:53pm Mar 24, 2023 9:53pm
Quoting RickM
{image}
Hi Rick, no matter in heaven or hell, FF members are suckers to TA.
We are wasting our time. We have wasted enough time.
You know what we both have to do. I don't need to tell you.

And that neighbour of yours, I'm sure you know him better now.

Cheers

***This thread is now open to FF members with no moderation.
Know what you trade
  • #280
  • Edited 11:32pm Mar 24, 2023 11:18pm | Edited 11:32pm
This will never end.

This is how wars are started: through subtle personal attacks, implying or insinuating that something negative or untrue is true about another person without directly stating it.

No one here is suggesting using zigzag as a substitute for price analysis,

nor is anyone suggesting that price will reverse on ADR.

The whole point of this thread is for us to reflect on and question the common beliefs surrounding Technical Analysis.
The market hides a perfect geometry.
0 traders viewing now