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  • #7,321
  • Mar 28, 2023 5:54am Mar 28, 2023 5:54am
Quoting TimeTells
{quote} There are two (maybe) types of Swings that I understand, others can know more on this than me. Swing - Targets The main ones (for me) are the Intraday and prior, HL & LH. Essentially, these for me are usually the (George) Targets The HL form on the way up with price (as mini-swing points) and the LH form on the way down with price (as mini-swing points). These then (for me, I mean) become the Targets for the next price move back in the opposite direction now & therefore back into the prior swings. And Targets for price to arrive AT, NOT...
Hi Pete,

let's forget about charts for a sec, and focus on Dow rule for everyone to understand it.

when trend starts, it's easy to spot HHHL-LHLL by eye, correct ?

and the rule says: A trend assumed to be continuous until DEFINITE signal of it's reversal.
and that's when you see the usual patterns of H&S(or inverted), double tops/bottoms or more, and most important is LOW RANGE.

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just imagine you have HH, there will be HL before it, and you are waiting for another HL(pullback) after the HH to confirm the trend is still going.
but, if you have LL after the HH that break the HL before it, then you should prepare for the patterns mentioned above, you DON'T close trades, for a change of trend you should have LH first(or the patterns), and that will be near last HH within few pips(in swings 50+/- is few pips), that is the zone you TP.

charts:

in H4, time-based zigzag(setting 12=2days) will be enough, supported with any OB/OS & Div indicators to compare highs/lows for waves.

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in lower TF(M30), BB(48) can give you direction and range of day and the breakout supported with ZZ and OB/OS & Div, should be a start of a trend. same Dow rules and patterns apply.

example of a swing I took, the breakout is the start of trend, end of week and top weekly range Res was the reason for TP(got scared from the heavy positions), trend was still strong. daytraded the rest.

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Dow rule apply to all TF's, it's just the higher TF has bigger waves(reading). so it can fit any trading style.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #7,322
  • Mar 28, 2023 7:18am Mar 28, 2023 7:18am
practice make perfect.

GJ M30

yellow ZZ = H4 reading of 2 days (96) (swing)
red ZZ = 6 hours readings (12) (daytrade)
white BB = day direcion & range (48)
blue BB = weekly direction & range (240)

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practicing Dow rule should give you clear idea on when & how to trade (conservative vs. aggressive).

cheers,
"the public is not yet ready for it" W.D. GANN
  • #7,323
  • Mar 28, 2023 9:27am Mar 28, 2023 9:27am
One loss and two wins and the feeling I could have used the levels better as trade initiators.
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every Saint has a past. Every Sinner has a Future
  • #7,324
  • Mar 28, 2023 9:50am Mar 28, 2023 9:50am
Quoting turnip15
One loss and two wins and the feeling I could have used the levels better as trade initiators. {image}
Back tomorrow.
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every Saint has a past. Every Sinner has a Future
  • #7,325
  • Mar 28, 2023 12:07pm Mar 28, 2023 12:07pm
I think the #Algo is based off the bodies Open-Close and the wicks are fluff to mess with you bot creators.
Mark ... Everything you have been told is a LIE
  • #7,326
  • Mar 28, 2023 5:48pm Mar 28, 2023 5:48pm
Quoting Kwt4x
practice make perfect.
GJ M30 yellow ZZ = H4 reading of 2 days (96) (swing) red ZZ = 6 hours readings (12) (daytrade) white BB = day direcion & range (48) blue BB = weekly direction & range (240) {image} practicing Dow rule should give you clear idea on when & how to trade (conservative vs. aggressive). cheers,

Cheers Kwt,

Thank you, sir, for providing a clear template showing the combination of ZigZag and BollingerBands to view a current market structure as you will see it.

All traders hopefully also analysing their own markets in a way to provide, at the times they are trading, the overview to give support to their own trade decisions.

Why not set up templates and then run them over a Training Simulator, and yes it works fine over the weekends too when our forex markets are closed.

https://www.mql5.com/en/code/9220

Don't worry about any trade aspect in the initial stages, just run the simulator at normal speed OR YOU CAN SPEED IT RIGHT UP so the candles form quicker.
Pay particular attention to the Sessions you might well be trading.

You can add this indi below, if you wish, to show Vertical Lines when your likely intraday Trading Times will start AND end, to see those times easier on the simulator.

When a trader can SEE & OBSERVE how the markets play out their well organised imho daily routines, over & over (with many varying intra-day plays of course)
then it will be only YOU as the trader that survives or excels in this game then. You will choose when & where (and IF) YOU decide to trade, NOT the Market.

Good fortunes all, what you wish from the markets IS achieveable imho.

.
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  • #7,327
  • Mar 28, 2023 6:12pm Mar 28, 2023 6:12pm
Starting Today, again - with Yesterday

Always Look Left folks,
The market leaves clues behind it.


(EDIT: and here is a Grid Builder already setup to show horizontal lines at the quarters=.250,.500,.750 & 000)
and is adjustable. Colour adjustable also if you right-click "modify" in mt4 to change from the set colour, then click "compile" to store your preferred colour)

.
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File Type: mq4 Grid Builder.mq4   6 KB | 358 downloads
  • #7,328
  • Mar 28, 2023 6:28pm Mar 28, 2023 6:28pm
Is Little Ricky getting some sunlight shined on him now.

As they say, karma is a beatchatoid ...
Mark ... Everything you have been told is a LIE
  • #7,329
  • Mar 28, 2023 6:30pm Mar 28, 2023 6:30pm
Quoting TimeTells
{quote} Cheers Kwt, Thank you, sir, for providing a clear template showing the combination of ZigZag and BollingerBands to view a current market structure as you will see it. All traders hopefully also analysing their own markets in a way to provide, at the times they are trading, the overview to give support to their own trade decisions. Why not set up templates and then run them over a Training Simulator, and yes it works fine over the weekends too when our forex markets are closed. https://www.mql5.com/en/code/9220 Don't worry about...
Hi Pete,

the GJ example is a follow up for the swing question, I thought you're interested in swings!!

cheers,
"the public is not yet ready for it" W.D. GANN
  • #7,330
  • Mar 28, 2023 6:56pm Mar 28, 2023 6:56pm
Quoting Kwt4x
{quote} Hi Pete, the GJ example is a follow up for the swing question, I thought you're interested in swings!! cheers,

Hi Kwt,

Cheers again pal.
Yes, I am interested in all things trading for sure. A fascination for me now.
I will label myself (if demanded by some, lol) as a Discretionary Observational Trader.
Sounds more upmarket than how some folk elsewhere might just deride as scalping hahahaaaa . (money, honey, in the bank & locked , hopefully )

What folks gracuiously show here of their own, we can clearly see that ....
there is no one way to trade our market or that one way only is best (so that we can improve our current status).

By observing & analysing all traders, we can then plug holes in our own trading ideas and which also stimulates more lateral thoughts of our own.

And at some stage, I guarantee, I WILL run all ideas & templates across my simulator on a weekend to have a look & see what's going on.

Thank you again to all posters.
  • #7,331
  • Mar 28, 2023 7:10pm Mar 28, 2023 7:10pm
Quoting Kwt4x
{quote} Hi Pete, the GJ example is a follow up for the swing question, I thought you're interested in swings!! cheers,

Cheers again Kwt.
And you might probably have guessed I have already now setup a 30m template too hahaa, to sit alongside my 1m, 5m, 15m, 1hr, 4hr, 1dy's also.
Easier for me than most, I imagine, as I essentially only trade the one pair.
But the multi templates allow me to quickly call up any other pair/instrument and drop my timeframe template on it to see, IF I can see anything there.
Thx again pal.
  • #7,332
  • Mar 28, 2023 7:56pm Mar 28, 2023 7:56pm
Analysing GBPJPY in the morning, Asia.

They must at some point set the new hi-lo for the day in Asia.
Where.
Who knows, not me.
First is to WAIT. For the expansions, that's the first clue something is afoot.
Again, to where?
We can Look Left for yesterdays Hi (or Lo) as that is most likely a target. Then look for a BRN000 (or other RN-Quarters) as they may be targets also.

Then look for Trader Attractors. The Red Horizontal Line just under the BRN was the Day (S1) Attractor.
NOT price attractors NO, we look for where other traders may also show interest (and therefore the larger market).
And then maybe one last price push higher (or lower) who knows. Then stalls/inflections/jankovsky-compressions.

Then maybe a potential, hopefully, lower risk trade is imminent (DD around 10 pips is okay for me).

Attractors on the charts below were the BRN 162.000 and a Red Line Day (S1) Pivot Attractor.
(Kwt's template on my new 30m chart also showed his two ZZs formed above a BB breakout)

Price then went a shade higher afterwards, but that is quite okay, and expected actually.

Then I hold my nose & jump in the water. ie Trade

+14p is so close to my days requirement, I'm just watching it all now and maybe done for Asia.
If that WAS (who knows yet) the new Hi of the day, then where is the Lo, or IS the new Hi formed yet, we only watch & analyse their market movements now (PA).

Was this TA, or PA, or maybe Market Mechanics, or even Market Behaviours.
Maybe. Or maybe NOT lol.

I just call it - Trading.

Good fortunes today folks, trade it safe & trade it well, they must show their hands in the price movements (its on our charts).

.
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  • #7,333
  • Mar 28, 2023 8:15pm Mar 28, 2023 8:15pm
I didn't trade the next one. To it, OR from it.
They've done almost 100 pips today, on NO news lol.

I'm exercising now, THEN I'll be resting lol till Franky/London.

Where was the 'next' Attractor.
Where are others, what is the market looking for next, when is new Hi of the day formed, and then therefore where is the Lo.

Market just repeats, by Sessions, and by Day imho.

.
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  • #7,334
  • Mar 28, 2023 9:18pm Mar 28, 2023 9:18pm
Quoting TimeTells
Analysing GBPJPY in the morning, Asia. They must at some point set the new hi-lo for the day in Asia. Where. Who knows, not me. First is to WAIT. For the expansions, that's the first clue something is afoot. Again, to where? We can Look Left for yesterdays Hi (or Lo) as that is most likely a target. Then look for a BRN000 (or other RN-Quarters) as they may be targets also. Then look for Trader Attractors. The Red Horizontal Line just under the BRN was the Day (S1) Attractor. NOT price attractors NO, we look for where other traders may also show...
Hi Timetells, Thanks for the great explanation. i just got some time to check the replies. I have read this particular post a few times and trying to understand every bit of it. Would say i have understood 50 to 60% of it. I am also trying to trade the GBP/JPY pair only. I do look at the AUD/JPY from time to time as it moves similar to GBP/JPY. I also have the Pivot indicator on my chart. If i am following correctly then PDLs or PDHs, RNs are targets right? But the RN can also act as trader attractors with Pivot Points right? I got up to there i guess. I still didn't fully grasp after that when u said a push higher or lower, inflections and then the ACTUAL TRADE. The jump told us that it was a good 14 pips sell trade..lol. After that pin which was the High, price quickly went up a little later to make a new high. Hope i am understanding it right.
  • #7,335
  • Mar 28, 2023 9:35pm Mar 28, 2023 9:35pm
Quoting whitesta
{quote} Hi Timetells, Thanks for the great explanation. i just got some time to check the replies. I have read this particular post a few times and trying to understand every bit of it. Would say i have understood 50 to 60% of it. I am also trying to trade the GBP/JPY pair only. I do look at the AUD/JPY from time to time as it moves similar to GBP/JPY. I also have the Pivot indicator on my chart. If i am following correctly then PDLs or PDHs, RNs are targets right?
Hi W,

That's the basic premise mate for sure.
The market tody on GJ has run high, and there are still targets higher if they wish. Up at previous swings (george 15m) just before the .500
In my mind they don't have a problem running the market anywhere inside the 1hr chart full hi-los. Now it is a matter of who is in, who is trapped, looks like they're just aggregating at the moment to me.

Means whoever is selling they may want out, if new buyers come in they want to stall them. Up to the market makers books imo and we don't ever see them.
So we analyse what the possibilities are, and try to find safest entries (and quick exits when you are me hahaaa, bigger TPs later in London & NY for some).

If aggreagting I like to go one higher timeframe and see where "some" 50% lines are and THEN what the larger market does at & around them, no predictions.

No line, fibo, zigzag, pivot makes the market do one thing. It is the response at & around such places that we observe what actually DOES happen. For me that means I might miss the first 10-15 pips of a good strong move, and then close before the final 5 pips is target reached. Take what I can as I dont know what they will do next, as if we believe jankovsky he says ALL our trades are profit/loss determined by what other traders who come into the market AFTER us do and how the market responds to them. If true then we are best treated lol when trading WITH the market than reversing it if you know what I mean.
  • #7,336
  • Mar 28, 2023 9:40pm Mar 28, 2023 9:40pm
Here's some talking-heads jibber sorry bankers just joking. Does this cause expansions & contractions or more expansions lol, who knows.

In april we have an exiting BoJ Gov still speaking today, and a current Deputy BoJ Gov speaking today.
Goodness me.


https://www.forexlive.com/centralban...ices-20230329/

https://www.forexlive.com/centralban...tors-20230329/
  • #7,337
  • Mar 28, 2023 9:59pm Mar 28, 2023 9:59pm
Had a few good trades this a.m. in NY,,,
Shorted Oil and GJ,,,, 2 positions each 1.5 hrs for oil 2 hours for GJ till I shut them down.
Happy with both in all aspects.

As I stated yesterday and tossed up a chart I was looking to short GJ with a sell high opportunity.
Was some other great trades running both ways but sticking with my plan and the opportunity came
to short up high,,, TP was dynamic as just watching the PA candles until I saw momentum start to slow
and the market had reached 50% of prior swing so bailed. 49.7+38.9 net 88.6pips no 4hr nada necesito

Oil 61+51 net 112 pips

200.6 pips in 2hours... The only reason I post this is to show it can be done...and alot more than this can be
accomplished.. Boundless thinking as George would say.. Stops were 15 pips oil and GJ..came close oil 1 pip GJ 2 pips,,,

It just rally scratches me the wrong way when we have "the unmentioned" professing that TA is False blah blah blah.
That you need some "secret sauce" That you need Bankers Levels hahaha thats truly so so mmm untrue..

Secret sauce is you..always has been and always will,,,and Hindsight Becomes Foresight when you see it often enough,,,

ALot of great posts on the thread as I scanned them quickly,,, very nice to see.

One more thing Look at my GJ chart last one posted here...Look at London ,,Does NY not setup similar ?

All the best
Blue

Oh and heres another GJ chart...100 pip boxes..SH's 25-50 pips Look for the trapped traders
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Markets are Mirrors,,Mastery of craft is mastery of self
  • #7,338
  • Mar 28, 2023 10:26pm Mar 28, 2023 10:26pm
not sure if cable is going to hold up here, but a pullback today would not surprise me..
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Get the Lag out
  • #7,339
  • Mar 28, 2023 10:33pm Mar 28, 2023 10:33pm
got a 30min short indication on GJ, near some resistance I though might be about on the daily, maybe combining Tf's might provide some some benefit...
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Get the Lag out
  • #7,340
  • Mar 28, 2023 10:41pm Mar 28, 2023 10:41pm
Quoting TimeTells
{quote}
If aggreagting I like to go one higher timeframe and see where "some" 50% lines are and THEN what the larger market does at & around them, no predictions.

To me, one of the most interesting (behaviours) of the 50% scenario is .... in-between the quarters. The Octaves, cheers oapDave & many others.
ie halfway, midpoint, 50% of the quarters, say from .250 to .500 is ... .375.
Do we ever see the market loiter lol & stall around these midpoints OF quarters. If we DO, then the market is (again) being well organised there imo.
Trade well folks.
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