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Flying Dutchman

  • #7,081
  • Mar 22, 2023 2:04pm Mar 22, 2023 2:04pm
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
Good, common sense video, something sorely lacking in wannabe gurus.
  • #7,082
  • Mar 22, 2023 2:04pm Mar 22, 2023 2:04pm
Quoting turnip15
{quote} Will it do a Timetells Bermuda Triangle and hit BRN 143.000 ? {image}
YES - it did..........BUT.........how do you spot the set up in the first place -eh what.. !?

( ignoring my Roadmap approach)
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every Saint has a past. Every Sinner has a Future
  • #7,083
  • Mar 22, 2023 2:15pm Mar 22, 2023 2:15pm
SP500 not traded by me ( Didn't trade USA session 2:30 to 4:30pm UK time today )

But just to show out of interest ( to me).....normal sedate channel to trade 2:30pm to 4:30pm UK time.
But look at price later in the UK day on the sp500....glad I don't trade around that time if I had traded todays session.

Edit" Two Bermudas in the later chart TT
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every Saint has a past. Every Sinner has a Future
  • #7,084
  • Mar 22, 2023 2:50pm Mar 22, 2023 2:50pm
Ye gods - this man thinks falling populations in the West can be helped by ensuring one wage is enough in a household enabling mum to afford to stay at home for the crucial early years. I remember those days in the last century; house prices were about 3 times earnins as opposed to 9 times nowadays.
( Video 5:25 )
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #7,085
  • Mar 22, 2023 4:03pm Mar 22, 2023 4:03pm
Speaking of common sense, you Gotta love FOMC days, but one really needs to jump to your daily charts for perspective where sup/res levels are clear, or break of structure shows itself...if resistance is tested, as I expect it will, there may be a huge correction, or not lol.....

ps...I use closing prices to determine structure, spikes count for sup/res otherwise
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  • #7,086
  • Mar 22, 2023 4:06pm Mar 22, 2023 4:06pm
I do so enjoy waking up and seeing what & how they ran good 'ol GBPJPY while I slept
(I snuck/scalp'd a quick 11½p during Franky & BEFORE THE London open , finishing +24½p for the day, then went off to do some other things lol)


But what a Near Perfect Example
Of the Market Mechanics & Market Behaviour we saw them perform into NY and to close biz.
You could almost hang your hat on how markets will behave , tho always pls
Trade Safe, Trade Well


.
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  • #7,087
  • Mar 22, 2023 4:07pm Mar 22, 2023 4:07pm
Quoting Swede
Speaking of common sense, you Gotta love FOMC days, but one really needs to jump to your daily charts for perspective where sup/res levels are clear, or break of structure shows itself...if resistance is tested, as I expect it will, there may be a huge correction, or not lol..... ps...I use closing prices to determine structure, spikes count for sup/res otherwise {image}

Great timing Swede lol, your chart shows the day - sweet
  • #7,088
  • Mar 22, 2023 5:06pm Mar 22, 2023 5:06pm
Quoting TimeTells
I do so enjoy waking up and seeing what & how they ran good 'ol GBPJPY while I slept (I snuck/scalp'd a quick 11½p during Franky & BEFORE THE London open , finishing +24½p for the day, then went off to do some other things lol) But what a Near Perfect Example Of the Market Mechanics & Market Behaviour we saw them perform into NY and to close biz. You could almost hang your hat on how markets will behave , tho always pls Trade Safe, Trade Well . {image}
Beautiful Chart. I didn't place any trade during Franky or London session. I didn't really see it..lol. Was there though. Mid London session i just hit the sack. Lets see what Thursday brings. Have got my charts ready with whatever targets i can see. Hope i am able to see what price is planning to do and when it does show its hand, will try and ride along.

Trade Well All.
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  • #7,089
  • Edited 5:37pm Mar 22, 2023 5:25pm | Edited 5:37pm
Quoting whitesta
{quote}
Beautiful Chart. I didn't place any trade during Franky or London session. I didn't really see it..lol. Was there though. Mid London session i just hit the sack. Lets see what Thursday brings. Have got my charts ready with whatever targets i can see. Hope i am able to see what price is planning to do and when it does show its hand, will try and ride along. Trade Well All. {image}

Cheers W,

On your chart if we will look at the Monthly Povot (edit lol) Pivot Point "Attractor" that you have around mid screen,
(which has been of great interest to some of the bigger players this month it seems)

And we measure to the high of the day and then the low at NY close, 1hr before Day Close (so 4 x 15m candles before close)
we can see that the 50% fibo point from those extremes sits right around that Monthly PP Attractor (ie midway from hi to low).

So, really
All the charts I post myself are not trade charts they are to show traders a belief that our markets out there are HIGHLY ORGANISED
(Myself I will discretionary scalp in the midst of it all hahaa, at what I like to think now as being Lock Trades lol , tho the market can still catch me at times )

Such high organisation and whatever it IS, is such a terrific thing really imho,
as if the markets were truly random, in all their fuller movements, how could any of us trade with any reliability in mind imo.

(when trading in the washing it is STILL not random imho, but that is a whole another story entirely lol, and too big for words hahaa)

Now, how we all trade this organised market, is what will suit us best based on our own requirements from the market.
Some will need more, some less, and some are then in-between .

But trade it all safe & trade it well guys please. We live in interesting times now.
  • #7,090
  • Mar 22, 2023 6:21pm Mar 22, 2023 6:21pm
Quoting Swede
Speaking of common sense, you Gotta love FOMC days, but one really needs to jump to your daily charts for perspective where sup/res levels are clear, or break of structure shows itself...if resistance is tested, as I expect it will, there may be a huge correction, or not lol..... ps...I use closing prices to determine structure, spikes count for sup/res otherwise {image}
WoW!!

Nice annotation.
Success = Practice + Patience + Persistence
  • #7,091
  • Mar 22, 2023 7:15pm Mar 22, 2023 7:15pm
Morning in Asia is close to over, +12p, even the day is over if I wish.

They have much more to do in the market right now I am sure, but I have taken the Lock Trade early as a Tester of how the market is playing this morning.

BRN 000 below clearly rejected with a major pin, trade to the Day Open (even tho RN-Q above is the likely real short-term target)

I have what I required, back for Franky folks, the dogs outside are calling me

.
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  • #7,092
  • Mar 22, 2023 7:27pm Mar 22, 2023 7:27pm
Quoting TimeTells
Morning in Asia is close to over, +12p, even the day is over if I wish. They have much more to do in the market right now I am sure, but I have taken the Lock Trade early as a Tester of how the market is playing this morning. BRN 000 below clearly rejected with a major pin, trade to the Day Open (even tho RN-Q above is the likely real short-term target) I have what I required, back for Franky folks, the dogs outside are calling me . {image}
Nicely Done, In and out in minutes. I was looking at it once the new Low was formed with that pin. I didn't place a trade though.
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  • #7,093
  • Mar 22, 2023 7:47pm Mar 22, 2023 7:47pm
Quoting whitesta
{quote}
Nicely Done, In and out in minutes. I was looking at it once the new Low was formed with that pin. I didn't place a trade though. {image}

Cheers W,
Very much appreciated pal.
I am only looking now for expansions to new Hi-Lo for the day, but it is tradeable in between, and I would be in there looking if not already done for the morning.

Above when we look LEFT we will see a gap was left at the Open. If they don't fill it in the first 1½ hours (imho) then don't chase it immediately.
There are Lines all over, that the market will see as Targets but as they aggregate (imo) current trades it will be hard to expect much more in Asia than the ups&downs.

Trade safe folks. It is sometimes a Tornado Thursday lol but who knows what's ahead, not me.

.
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  • #7,094
  • Mar 22, 2023 8:52pm Mar 22, 2023 8:52pm
Herd Zone Formed..Some decent cash must be sitting there. If price does come up that zone will be targeted.
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  • #7,095
  • Mar 22, 2023 9:15pm Mar 22, 2023 9:15pm
Quoting whitesta
Herd Zone Formed..Some decent cash must be sitting there. If price does come up that zone will be targeted. {image}

Yes that is a sweet zone for sure, but must still wait for confirmed lo for any new Hi to be set also.

Might be pre-franky after asia, who knows, I do not predict as they must show us in time. Only problem there is Trader may want ALL the full pip run bottom to top, top to bottom, and other Trader will say 'the move is on' so let's just get some of it. This is the Trader Dilemma, how much of the run do YOU/WE want and only each trader can answer for themselves.

So is this the bottom now, inflection, accumulation etc, has Hi already locked in today (they can leave a gap for 2 days I have seen before).

If its the bottom NOW, then they can even do one more 20 pip push low lol as the final shakeout. All is possible. And there are Lines below that I watch and one is 50 pips south.

And as Shabs pointed out to folks before IF the market is going Down, then they will run it up first, and vice versa. This is also a hidden clue if we think about it (and I HAVE lol) that in the end ... i hope folks understand this in its simplicity - not a trading simplicity, but a logical simplicity - IF either of what Shabs said plays out, then Trader can TP on either the sell or the buy as it won't actually matter. What can you get out of it. Who Knows. At the time, in the middle probably a Lock 10 pips. Else Trader MUST find direction & stick with it (amd maybe thru some DD also).

Wouldn't it be great to just KNOW what will happen next (just j/king).

We now move in the next 1½ hrs into what Kev calls in Asia - Monkey Business Time - vols go down so many enetering in quiet times later WILL be the liquidity the market is seeking & therefore market likely to run against your trade for a period.

Pre-Franky, Franky & London are often safer imo, who knows (oh yeah, NOT me lol).

Trade safe guys, when the moves begin, then the pullbacks, then the structure breaks, a "standard" trader (ie me) can likely get something out of the market then.
  • #7,096
  • Mar 22, 2023 10:35pm Mar 22, 2023 10:35pm
[quote=TimeTells;14371167]{quote} And as Shabs pointed out to folks before IF the market is going Down, then they will run it up first, and vice versa.

Yes uptown shopping for downtown business and vice versa. Always good to let price show its hand, it always does, it has to BUT as traders we must be able to see it...lol...Sometimes we do and most times we don't, atleast thats me. I have at times managed to spot tops and bottoms but hardly ever was able to trade it to the other end. Always got out mostly a quarter way either up or down. Now i try and look for targets, (George Targets, RNs, DOL, WOL, MOL, DH, DL, Pivots, etc). One thing that i have improved on is i have lot more patience now and try and wait for retests after a H or L, PFH, PFL formed. At times price just accelerates without any retest or pullbacks. Well i just tell myself atleast my analysis was good and onto next. Most of the time i just go as high as 15 mins chart zooming in to locate targets, then to 5 minutes and the trades placed on 1 minute chart. First target is where i mostly TP. Limited risk is what i am after. I am trying to look at structures too now.
  • #7,097
  • Mar 23, 2023 12:23am Mar 23, 2023 12:23am
measured week

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continuous week

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"the public is not yet ready for it" W.D. GANN
  • #7,098
  • Mar 23, 2023 12:56am Mar 23, 2023 12:56am
Quoting whitesta
Quoting TimeTells
{quote} One thing that i have improved on is i have lot more patience now and try and wait for retests after a H or L, PFH, PFL formed. At times price just accelerates without any retest or pullbacks. Well i just tell myself atleast my analysis was good and onto next. Most of the time i just go as high as 15 mins chart zooming in to locate targets, then to 5 minutes and the trades placed on 1 minute chart. First target is where i mostly TP. Limited risk is what i am after. I am trying to look at structures too now.
...
Hi W,

Yes price can run away from us in OUR direction before we get entered, that will happen and I will mostly laugh (with happiness). As we are on the ball.
The alternative (and in my early on trading) was to jump in quickly and price goes in the OPPOSITE direction lol.
Then, not so much laughter if you know what I mean ...

Eventually we know the whereabouts & the roundabouts of the Targets, as the Market will & just does run them
(some will even say that IS the purpose of the market/target game)
BUT LATER
We don't need Target as entry. It will all become clear how the market runs around the chart, why it loiters at spots, and then why it bursts off to the next (target).

I often play in the middles, after the beginnings, but often they run my trade after entry anyway, aggregations, I can live with it.

Just back now from my annual Optometrist computer glasses update (NO jokes please hahaaa, short range, I don't need them for distance or driving lol).
Prior to leaving I jumped in early at SPOT at first Q750 reject, got run down for small DD, and closed a little after for TP +9p, at an octave point. Lock trade imo.
No fomo, the deal is they can always do whatever they want in any direction after I close hahaaa.
Now +21p for the day now, over my target, day is done, back for London to watch and maybe consider. We shall see.
Trade safe folks.

.
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  • #7,099
  • Mar 23, 2023 1:12am Mar 23, 2023 1:12am
Somewhere on this site a guy once said, "why don't you place your limit, where you would place your stop". It was a profound statement, which at the time went over my head. Kinda like my mother telling me that "good things come to those who wait". If I can incorporate this line of thinking into trading, I think it will marketably increase my profitability. Seems like not finding something to trade everyday is a victory in a way.

I need to ingrain this principal in my head.
Get the Lag out
  • #7,100
  • Mar 23, 2023 1:30am Mar 23, 2023 1:30am
Quoting ZeroLag
Somewhere on this site a guy once said, "why don't you place your limit, where you would place your stop". It was a profound statement, which at the time went over my head. Kinda like my mother telling me that "good things come to those who wait". If I can incorporate this line of thinking into trading, I think it will marketably increase my profitability. Seems like not finding something to trade everyday is a victory in a way. I need to ingrain this principal in my head.
limit orders always against the wave direction, even if it's a pullback.
but, waiting for a confirmed HL or LH, you can place stop orders since the next readings should be HH or LL.

cheers,
"the public is not yet ready for it" W.D. GANN
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