Attachments: Flying Dutchman

Flying Dutchman

#8,041
May 4, 2023 6:04pm May 4, 2023 6:04pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting Shabs19

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{quote} Just looked at the Sp500 , there was a whole lot of levels above where you could short from, PDL, DO, NY Close, NY Open Not to mention BOS & Retest same as with Brent Oil today.

Ignored

All these levels including 50% & 70% of fib do work but the catch is NOT ALWAYS. It's a dilemma to choose between the proactive entry (limit order based on confluences, bias) and the reactive entry (based on PA). One ensures the best seat (more gain with more risk) whereas the latter ensures the safer seat (comparatively less gain with less risk).

Now it is up to the individual to choose. IMO

Success = Practice + Patience + Persistence

#8,042
May 4, 2023 6:20pm May 4, 2023 6:20pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,597 Posts

Quoting TimeTells

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It's a Bank Holiday in Japan today. Will Asia be quiet, or will there be Monkey Business, We shall see
Here's the fibo retrace from the New Gov at the BoJ's speech last Friday. . {image}

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They stepped down through the Fibo's yet again yesterday on GJ based on the Speech'N'Spike lol from the new BoJ Gov last week.

.

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#8,043
May 4, 2023 6:24pm May 4, 2023 6:24pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,597 Posts

And, another holiday for the Bankers in Japan today. Good work if you can get it.

Okay, now I can know in advance heheee
https://www.boj.or.jp/en/about/outline/holi.htm
(edit: Nothing after this week till mid-July

)

Regardless, they still find some time for Monkey Business at London & NY Opens (while Asia sleeps

)

.

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#8,044
May 4, 2023 6:29pm May 4, 2023 6:29pm

spzd
Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts

Quoting TimeTells

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And, another holiday for the Bankers in Japan today. Good work if you can get it. Okay, now I can know in advance heheee https://www.boj.or.jp/en/about/outline/holi.htm (edit: Nothing after this week till mid-July ) Regardless, they still find some time for Monkey Business at London & NY Opens (while Asia sleeps ) . {image}

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Scrolling down that web pafe and what do I find ...

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Wonder if I can get some damaged dollars exchanged.

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

#8,045
May 4, 2023 6:33pm May 4, 2023 6:33pm

TimeTells
Joined Dec 2018 | Status: Trader | 4,597 Posts

Quoting spzd

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{quote}
Scrolling down that web pafe and what do I find ... {image}
Wonder if I can get some damaged dollars exchanged.

Ignored

hahahaaa, classic

And Bankers doing what Bankers do best imo

#8,046
May 4, 2023 9:21pm May 4, 2023 9:21pm

KevinZeng
| Joined Jan 2020 | Status: Trader | 261 Posts

Quoting bluesteele

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{quote} Last Post as bedtime very soon,,,, Heres some FX pairs.. Just highlighting areas that grab my attention and what I see, Market mechanics wise, and/or are trade set ups. Pay particular attention to PA around the 4 parts of the box... 1)Open 2)High 3)Low 4)50% of H/L AND how the interact with the Previous and following session... We all know Highs and Lows as areas of Liquidity from one session to the next... But what about the 50% line ? and The Sessions Open..... Can we trade from the Outside from the inside ? 19 charts posted tonight is...

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Hi,Blue
For Forex, will you wait for M5 candle close outside of the box?

#8,047
May 4, 2023 9:43pm May 4, 2023 9:43pm

Inthebox
Joined Jun 2010 | Status: Trader | 16,699 Posts

ga level to watch.
what will be your directional bias?

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ITB - Seeing Orderliness amongst 'Randomness'

#8,048
Edited May 5, 2023 12:45am May 4, 2023 9:54pm | Edited May 5, 2023 12:45am

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting Inthebox

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ga level to watch. what will be your directional bias? {image}

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My analysis and directional bias.

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Success = Practice + Patience + Persistence

#8,049
May 4, 2023 9:59pm May 4, 2023 9:59pm

Inthebox
Joined Jun 2010 | Status: Trader | 16,699 Posts

Quoting fxpider

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{quote} {image}

Ignored

thanks for your response.
nice analysis.
same as me having bearish directional bias.

ITB - Seeing Orderliness amongst 'Randomness'

#8,050
May 4, 2023 10:59pm May 4, 2023 10:59pm

bluesteele
Joined Aug 2007 | Status: Trader | 3,203 Posts

Ive had a lot of questions re the boxes so heres a nice clean chart of an oil trade the other day.
I prefer to use Trading View for annotating charts as its alot easier and far more versatile than mt4.

Most important part of the Box...Timing, High, Low, Open and 50%... It goes without saying all the other normal levels
are of importance and act as confluence to box trades when they align.... Such as PDL PDH PFH PFL DOL PWH PWL other session opens etc etc etc...
I also employ the Roadmap method with the boxes and Timing...

This 50% setup is just one of a handful I use and it intermixes with the other setups.... But with that said just the basic setup is a great one.

So on the charts you will see...
We need first a Bias,,thats set by a Close outside of the CLOSED box...NY is 930-1030 NYT....Bias is set no earlier than 10:35
Second we need a retracement to the 50% level OR to 62/78 fib....If my bias is short and price is retracing with 5m bullish bars...I just dont enter
at the 50...Price may keep going to the 62 the 78 or the other side of the box and so on

When the first 5m bar/candle closes at or above the 50% I switch to the 1m TF... I am looking for the first 1m Bearish Bar( With short Bias)
I might as well include wicks in here as well...If 5m price wicks the 50 then I am as well on the 1 watching PA...
Entry is on close of that 1st bearish 1m bar (short bias)

Now I have annotated my charts the same as this post (sort of lol) so hopefully between both some of the questions will be answered.

Heres a link to my post the other day with Oil...I had 2 shorts 90 pips and 45 or so... Textbook setup.
Ive marked up a TV chart and showing my 1m chart with the entry etc....I actually got slipped a slightly better price as I sold on the close.
https://www.forexfactory.com/thread/...7#post14415037

And I must say the Nuances how I trade I only put in for context...My way is not the only way or the best way...Its what works for me..
This whole 50% concept is predicated on the fact MOST BREAKOUTS FAIL..and it gives us structure/framework to buy or sell the pullbacks.
Many days we dont get a pullback we get choppy action or we get a straight trend day (20% of days) Hence a few other setups

Hope this helps

Blue

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Master your Mind,,,Master the Market

#8,051
May 4, 2023 11:06pm May 4, 2023 11:06pm

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting bluesteele

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Ive had a lot of questions re the boxes so heres a nice clean chart of an oil trade the other day..........

Ignored

Awesome !!!

Success = Practice + Patience + Persistence

#8,052
May 5, 2023 12:03am May 5, 2023 12:03am

KevinZeng
| Joined Jan 2020 | Status: Trader | 261 Posts

Quoting bluesteele

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I also employ the Roadmap method with the boxes and Timing...

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Can you show some examples on the Roadmap method with the boxes?

#8,053
May 5, 2023 12:42am May 5, 2023 12:42am

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

Quoting fxpider

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{quote} {image}

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GA trade as per the analysis.

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Success = Practice + Patience + Persistence

#8,054
May 5, 2023 1:28am May 5, 2023 1:28am

fxpider
Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts

NU is in the POI.

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Success = Practice + Patience + Persistence

#8,055
May 5, 2023 1:33am May 5, 2023 1:33am

bluesteele
Joined Aug 2007 | Status: Trader | 3,203 Posts

Quoting KevinZeng

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{quote} Can you show some examples on the Roadmap method with the boxes?

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First chart US30... No Confirmation Bias on the Box...SO which way will price go? We know the probabilites of the box
in relationship to either being the low or high of the day....

With Roadmap I have a great Long confirmation from the 1m and 5m chart... Which the box does not give alone,
Next chart SPX today..Entry off the open..Again No Bias confirmation is made...What to do ? which direction do I trade..
Is my initial trade closed ? Am I looking to go long or re enter short ?

Wait,,,Patience,,,we get a pullback but again with no Box Bias and no RoadMap where do I draw my bias from ?
Yes we can use market structure on the 1m etc..But how does RoadMap help?

We get a pullback right to the 200..this happens again and again and again overtime... We use the BOX to draw our
TIME BASED Fibs....Market pulls back into the sweet spot of the fibs rejects the DOL. 8EMA rejects the 200...Price rolls
with nice bearish bars...THat close below the 8EMA LOW signalling strong momentum....

The box 930-1030 gives us framework of when to trade during the most liquid part of the day...Gives us probabilities of
the high and low of the day..Gives us two Time based swing points to draw our Fibs. We can replicate this box everyday...
Time never changes..Our Fibs are drawn every day the same.. Consistent repeatable simple trading,,a solid framework.

Will toss up more examples tomorrow ...past the bedtime

Cheers
Blue

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Master your Mind,,,Master the Market

#8,056
May 5, 2023 3:41am May 5, 2023 3:41am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

Dax - One failed short and one good short using levels etc

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every Saint has a past. Every Sinner has a Future

#8,057
May 5, 2023 6:14am May 5, 2023 6:14am

whitesta
| Joined Aug 2018 | Status: Trader | 521 Posts

Hi All,

Patience is the key and trusting your analysis. Normally I wait for around an hour to see the Hs and Ls forming. There was a W formed after 1.5hr of London open but no RN was around so i waited some more. RN was broken with a strong candle and then i waited again for the retest. Entered after the BOS after 2hrs 20 mins. Targets were known in advance. Just 15 pips after spread. I mean a bit of a wait for entry but happy that the analysis was good. Trade Well All.

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#8,058
Edited 7:15am May 5, 2023 6:58am | Edited 7:15am

turnip15
Joined Sep 2006 | Status: Trader | 10,704 Posts

Quoting whitesta

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Hi All, Patience is the key and trusting your analysis. Normally I wait for around an hour to see the Hs and Ls forming. There was a W formed after 1.5hr of London open but no RN was around so i waited some more. RN was broken with a strong candle and then i waited again for the retest. Entered after the BOS after 2hrs 20 mins. Targets were known in advance. Just 15 pips after spread. I mean a bit of a wait for entry but happy that the analysis was good. Trade Well All. {image}

Ignored

That's interesting. Different approaches. Looking at Dax "Box" from Franky to Uk open ( 50% Fibo level) I notice my Roadmap and levels entries ( BRN 15750 and level above the) are not too dissimilar to the Dax hourly box.