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  • #7,241
  • Mar 26, 2023 5:13pm Mar 26, 2023 5:13pm
Quoting OAPDave
Thanks for the Likes Guys Really appreciated
ps Anyone spotted a
Monthly
Weekly
Daily

Gbp Jpy level we can play with ?
- - - -
(Chart Analysts would have noticed rotations, breaks, tests & retests (a few times) and THEN price moves away from the Structure Lines in one direction (OR the other). Traders call it Breaks Of Structure. )
https://www.forexfactory.com/thread/...6#post14374446
- - - -

Imo the market does not and CANNOT give away freebies to everybody.
When we use trading analysis we may well improve our chances imho of being on the right side of the ledger.


Hi Dave,
Apart from the standard Lines I watch such as, but not limited to, RNs and recent (George) Swing Targets and plus with the Monthly PP now way above
at 162.174 after providing its rotations for two days on end then for Line Analysts, I note again that
The Yearly PP has been around town since Friday, and had some interest at the end of last week from buyers & sellers,
(as well as being in the eyes of the Larger Market, and certain traders also maybe, back on the 15th, 16th & 18th of this month).

Trade well folks, trade safe AND analyse
(you might then begin to see the benefits imo, once this becomes part of your daily trading routine)

.
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  • #7,242
  • Mar 26, 2023 5:54pm Mar 26, 2023 5:54pm
Quoting OAPDave
{quote}
In every video they drive the point home that it is not WYSE to trade by one indicator alone
indeed not even one timeframe by itself
Indicators are used to find possible area's of interest
Then you drill down to fine tune actual entries, exits etc with PA

The above should, imho, be mandatory reading, Dave, for any still thinking analysis is of no use.

OR even the ACTUAL reason traders lose
(YES, this last totally illogical premise was put forward for new traders, over on another thread, wow)
  • #7,243
  • Mar 26, 2023 6:04pm Mar 26, 2023 6:04pm
Quoting spzd
Someone is going through disliking posts ...
That SOMEONE is suffering from RVM ( Reversal of Vision Metamorphopsia), who sees the word upside down ---->
Success = Practice + Patience + Persistence
  • #7,244
  • Mar 26, 2023 6:09pm Mar 26, 2023 6:09pm
Quoting Shabs19
{quote} My preference is MACD. Same principles apply. Classic & Hidden Divergence, You know you are a trader when you ask for a MacD in McDonalds.
And, also when you do more FF ( Forex Factory) than FB (Facebook).
Success = Practice + Patience + Persistence
  • #7,245
  • Edited Mar 27, 2023 7:39am Mar 26, 2023 6:26pm | Edited Mar 27, 2023 7:39am
Hi Dave - with all due respect m8 if trading was as easy as waiting for a candle to pop outside the top or bottom Bollinger Band, then the whole world would be millionaires.

That said however, with proper risk management and good trade management you can make most things work.
  • #7,246
  • Mar 26, 2023 8:08pm Mar 26, 2023 8:08pm
Quoting Swede
{quote} Well, all of them have some good points at times, but usually it’s presented as their way is the correct way, or there is some deep meaning or conspiracy or something that most of us peons just don’t understand but they see clearly, and when challenged, come out nasty, abusive and just offer more bullshit. Also, if you analyze their posts you will find some huge inconsistencies from one week to the next so no thanks, don’t need to spend a bunch of time trying to figure them out. we are trading in a 5 Trillion PER DAY, market, a market very...
holy crap you are awesome! I called out a supposed ''full time trader'' on this forum for his horrible outlook on the euro greenback, im talking a fully grown 50 year old man, I told him bro you aint right, and he chose to ignore me, 2 days later what do you know? I was right and he was wrong lmaooo, people here are amateur level at best as far as I can tell lol
  • #7,247
  • Mar 26, 2023 8:12pm Mar 26, 2023 8:12pm
Quoting turnip15
Bugger all on telly ! Just watched this video. Looks like a variation on trading the London open.
Seen anything like this before ?
( He does say in the intro that if you think this will gaurantee 50 pips a day then you are a plonker) https://www.youtube.com/watch?v=C32JdJ9QcEQ

Hi t,
Quite the Sherlock Holmes work here pal, VERY WELL DONE .
And looks like the Video was originally uploaded five+ years ago it seems (Nov 10, 2017). Hmmmm.
London Open, New York Open. 50 pips.
I've read about this somewhere else, can't remember where
  • #7,248
  • Mar 26, 2023 10:11pm Mar 26, 2023 10:11pm
Hi All, Looking at how GBP/JPY is progressing in Asia session. I was at my day job so unfortunately didn't place a trade. May NOT have traded it either way as after the New Asia High I normally wait for a re test of the RN before i place trades on most occasion. (Price went straight to Tokyo Open). It did test the Tokyo Open Line with pins though. 1st and second targets were both hit. Double top was formed later on, 2nd top just a pip away from first confirming a high for atleast Asia..who knows. More targets are formed along the way. It has been a very clear price action so far today and traders might have had some decent pips. Its not always the case though. Any input is welcome.

Trade Well All.
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  • #7,249
  • Mar 26, 2023 10:30pm Mar 26, 2023 10:30pm
Quoting whitesta
Hi All, Looking at how GBP/JPY is progressing in Asia session. I was at my day job so unfortunately didn't place a trade. May NOT have traded it either way as after the New Asia High I normally wait for a re test of the RN before i place trades on most occasion. (Price went straight to Tokyo Open). It did test the Tokyo Open Line with pins though. 1st and second targets were both hit. Double top was formed later on, 2nd top just a pip away from first confirming a high for atleast Asia..who knows. More targets are formed along the way. It has been...

Hi W,

Your chart analysis looked spot on for mine.
It shows me again that when we as just retail Traders can analyse our markets we can choose when & where we might find high probabilty entries.
As long as we don't force our perceptions of direction on the market they do offer up pips for us daily.
They must show us the way they are moving, while if we just don't see it, then we don't trade, simple.

Plus it is possible to trade such range markets in both directions,
as when no firm intention is shown by the market participants to force anything purely one-way directional in the asia session,
we just jump in and on with them.

I entered for two snips on the way up from that 2nd test break of the Yr PP on it way back up towards the classic Double Tops.
No fomo for me, day is done or can be, I was on skype with Kev and looking at HIS charts also on the same sections you identified well in your analysis.
Kev saw it the same also as you W, as he told me.

all the best traders,
analyse, improve our trading, analyse some more imho.
  • #7,250
  • Mar 26, 2023 10:34pm Mar 26, 2023 10:34pm
Quoting whitesta
Hi All, Looking at how GBP/JPY is progressing in Asia session. I was at my day job so unfortunately didn't place a trade. May NOT have traded it either way as after the New Asia High I normally wait for a re test of the RN before i place trades on most occasion. (Price went straight to Tokyo Open). It did test the Tokyo Open Line with pins though. 1st and second targets were both hit. Double top was formed later on, 2nd top just a pip away from first confirming a high for atleast Asia..who knows. More targets are formed along the way. It has been...
Beauty of a chart Whitesta and well done and thought out!!!...

Funny Ive been chatting with Pete,,, and myself ive had 2 drinks over the course of the evening so no trading for me..Nevertheless I looked at GJ a bit ago and sketched it up and shared the chart with Pete...and said I Woulda Shudda Coulda.. OH well Missed opportunities,,,, But not really as I always enjoy the jibber jabber with Pete lol..

Then just opened up FF and saw your post and chart and said Hey Pete...Whitestas got that DT marked up the same as me.. Trading from the Outside !

Your targets are on point as well... Always another trade tho for both of us,,, Heres my chart for ya...

All the best
Blue
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Master your Mind,,,Master the Market
  • #7,251
  • Mar 26, 2023 10:37pm Mar 26, 2023 10:37pm
The Market Mechanics are like clockwork imho.
Not exactly the same each day, of course, but the same principle each time.
Trade well folks.

(edit: sorry, nearly forgot lol. The first of the Double Tops was to take out the George Swing Target from yesterday just after their London Open - imho )

.
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  • #7,252
  • Mar 26, 2023 10:39pm Mar 26, 2023 10:39pm
Quoting bluesteele
{quote} Beauty of a chart Whitesta and well done and thought out!!!... Funny Ive been chatting with Pete,,, and myself ive had 2 drinks over the course of the evening so no trading for me..Nevertheless I looked at GJ a bit ago and sketched it up and shared the chart with Pete...and said I Woulda Shudda Coulda.. OH well Missed opportunities,,,, But not really as I always enjoy the jibber jabber with Pete lol.. Then just opened up FF and saw your post and chart and said Hey Pete...Whitestas got that DT marked up the same as me.. Trading from the Outside...

Hi Kev,
Great stuff, I'm out now till Franky
(an hour earlier today, cheers oapDave)
all the best pal
  • #7,253
  • Mar 26, 2023 10:54pm Mar 26, 2023 10:54pm
Quoting whitesta
Hi All, Looking at how GBP/JPY is progressing in Asia session. I was at my day job so unfortunately didn't place a trade. May NOT have traded it either way as after the New Asia High I normally wait for a re test of the RN before i place trades on most occasion. (Price went straight to Tokyo Open). It did test the Tokyo Open Line with pins though. 1st and second targets were both hit. Double top was formed later on, 2nd top just a pip away from first confirming a high for atleast Asia..who knows. More targets are formed along the way. It has been...
One more chart with a bit more clarity.....
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Master your Mind,,,Master the Market
  • #7,254
  • Edited 2:28am Mar 27, 2023 1:50am | Edited 2:28am
Quoting handy148
Hid Dave - with all due respect m8 if trading was as easy as waiting for a candle to pop outside the top or bottom Bollinger Band, then the whole world would be millionaires. That said however, with proper risk management and good trade management you can make most things work.
Oh ye of little faith
Remember they just show area's of interest with a little more confluence added
Then its down to the old PA for the nitty gritty
Of course MM is needed , which goes without saying for all trades

ps
Not advocating anything, just showed a video and an example with my Murrey and bias and how they fitted together
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  • #7,255
  • Mar 27, 2023 2:22am Mar 27, 2023 2:22am
Quoting handy148
Hid Dave - with all due respect m8 if trading was as easy as waiting for a candle to pop outside the top or bottom Bollinger Band, then the whole world would be millionaires. That said however, with proper risk management and good trade management you can make most things work.
BB is a standalone breakout system, the bands give you range, the middle line(SMA) give you direction. it's a visual start/end trend following.

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #7,256
  • Mar 27, 2023 2:40am Mar 27, 2023 2:40am
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  • #7,257
  • Mar 27, 2023 2:55am Mar 27, 2023 2:55am
The hour after London Open


.
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  • #7,258
  • Mar 27, 2023 3:10am Mar 27, 2023 3:10am
Quoting TimeTells
The hour after London Open . {image}
My first trade...Jus 7 pips. Learning from TimeTells...
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  • #7,259
  • Edited 3:38am Mar 27, 2023 3:22am | Edited 3:38am
In my opinion the thread is working well now
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  • #7,260
  • Mar 27, 2023 4:10am Mar 27, 2023 4:10am
Quoting whitesta
{quote} My first trade...Jus 7 pips. Learning from TimeTells... {image}
Nice work W,
From where I sit & looked you grabbed what I call a Lock Trade. Well done. Little pressue, little worry, it WAS heading to the Station above so a 90% probability.
I've snuck around just 20p for the day from a few in there among the cunning non-directional range bound stuff they've offered up.

Soft news NOW in an hour for the Pound, so they have an opportunity to find an extra 60 pips if they wish, top or bottom.

I've got what I require so will just watch from afar now. If a grind began I can wait it out and sneak in at "re-tested confirmed" edges with patience.

If they rotate price in range all night it is tradeable yes, but I'm not inclined now, even though an hour earlier lol, the next stage is Pre-New York (monkey-biz hahaa)

I like to have a few views at my disposal so the Fibo from the last Major Swings I see puts price smack-dab in the middle. 50%. Just where they like it lol

See ya all tomorrow, good fortunes

.
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