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Flying Dutchman

  • #8,621
  • Jul 27, 2023 5:05am Jul 27, 2023 5:05am
Quoting fxpider
Psychology is a bitch. Last week, I bought a PROP challenge for the first time. Now, finding it really hard (psychologically) to treat & trade it the same way as my personal account. Has anyone gone through the same experience?
Try channel trading in conjunction with bits of "Flying Dutchman" or channels alone

Try POST 17 on Laura's "Roadmap" Thread: " Trading Exercises"
https://www.forexfactory.com/thread/...just-a-journal?

Maybe look at her "Roadmap" thread:
https://www.forexfactory.com/thread/...o-read-markets
every Saint has a past. Every Sinner has a Future
  • #8,622
  • Jul 27, 2023 5:21am Jul 27, 2023 5:21am
Quoting turnip15
{quote} Yes -I can think of two firms I like but they use MT5 which I dislike. Plus Tradeview charts, which I like work on html which is great on an iMac. If you have a normal Microsoft machine then maybe MT5 is okay, but I don't. Workarounds on an iMac are of no interest to me. I keep looking and reading and using my small personal account. Discipline -that is your enemy and fear. Try setting your stop on a small and watching price. Go from there. it is hard, we have all been there and still have flashbacks when trading now. No one understands...
Hi T,
Demo or real doesn't matter if you set your own rules, metrics etc. The prob is they set the rules. The failure rates are very high.
Never done the demo thing - not realistic. Pain can be a teacher as well. As far as Mt5 it has way fewer users than mt4 and in my experience was glitchy and slow.
Cheers.
  • #8,623
  • Jul 27, 2023 9:43am Jul 27, 2023 9:43am
Bubbling Crude,,,Black Gold,,,Texas Tea

3 sessions HH's
123 levels 5min candles ,,,these 3 candles take out PDH WeekH and BRN 80.00
A retest can be a hard thing to wait for as impatience is always there (for me at least)
But that's the plan...stick to your plan
915 candle engulfs last 30 mins PA enter at the close

Price drops quickly for a fast 45 pts. No holding on for more as the Futures chart has some unusual multiple Gaps and Vibs which
indicates to me price will most likely backfill..

Done for the day
Blue

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Black Gold Futures charts
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Master your Mind,,,Master the Market
  • #8,624
  • Jul 27, 2023 10:26am Jul 27, 2023 10:26am
Quoting FocusWinReal
{quote} Hi T, Demo or real doesn't matter if you set your own rules, metrics etc. The prob is they set the rules. The failure rates are very high. Never done the demo thing - not realistic. Pain can be a teacher as well. As far as Mt5 it has way fewer users than mt4 and in my experience was glitchy and slow. Cheers.
I agree with some of what you say
every Saint has a past. Every Sinner has a Future
  • #8,625
  • Jul 27, 2023 10:38am Jul 27, 2023 10:38am
Quoting bluesteele
Bubbling Crude,,,Black Gold,,,Texas Tea 3 sessions HH's 123 levels 5min candles ,,,these 3 candles take out PDH WeekH and BRN 80.00 A retest can be a hard thing to wait for as impatience is always there (for me at least) But that's the plan...stick to your plan 915 candle engulfs last 30 mins PA enter at the close Price drops quickly for a fast 45 pts. No holding on for more as the Futures chart has some unusual multiple Gaps and Vibs which indicates to me price will most likely backfill.. Done for the day Blue {image} {image} Black Gold...
I recognise some of those lines sir
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every Saint has a past. Every Sinner has a Future
  • #8,626
  • Jul 27, 2023 4:42pm Jul 27, 2023 4:42pm
Quoting bluesteele
Bubbling Crude,,,Black Gold,,,Texas Tea
3 sessions HH's 123 levels 5min candles ,,,these 3 candles take out PDH WeekH and BRN 80.00 A retest can be a hard thing to wait for as impatience is always there (for me at least) But that's the plan...stick to your plan 915 candle engulfs last 30 mins PA enter at the close Price drops quickly for a fast 45 pts. No holding on for more as the Futures chart has some unusual multiple Gaps and Vibs which indicates to me price will most likely backfill.. Done for the day Blue {image}...

They were memory days of early TV lol
(even before colour hahaa)

(edit: ps oh yeah, Lester Flatt & Earl Scruggs doin' the Bluegrass backing)

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  • #8,627
  • Jul 27, 2023 4:45pm Jul 27, 2023 4:45pm
Quoting TimeTells
{quote}
And who owns who in this game of global fiscal movements

So I wake up this morning. To the GJ chart

Let me see, BoJ asleep at that particular time in the early morning (maybe) ... again, who owns who ????

.
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  • #8,628
  • Edited 6:50pm Jul 27, 2023 6:15pm | Edited 6:50pm
Quoting TimeTells
{quote} So I wake up this morning. To the GJ chart Let me see, BoJ asleep at that particular time in the early morning (maybe) ... again, who owns who ???? . {image}
Funny how the Japan stuff is always whenever hey? 3 am here and down she goes after a tweet of sorts.
Edit: So that Us info was already reported on in Japan during London and nothing happened until it was reported on in English in NY. The Japan version is talking this morning about the movement over night after the US version was reported. See attached. I be watch the Japan version for NY action from herey on in. I have a speaker of that lingua at hand.
https://www.nikkei.com/article/DGXZQ...3A720C2000000/
Found the 2 am one that gave the percentage which has moved the yen.
https://www.nikkei.com/article/DGXZQ...3A720C2000000/
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  • #8,629
  • Jul 27, 2023 6:46pm Jul 27, 2023 6:46pm
Quoting FocusWinReal
{quote}
Funny how the Japan stuff is always whenever hey? 3 am here and down she goes after a tweet of sorts.

We're just bit-players down here in Aus. Yield Curve chatter yes, I saw the article reference just recently this morning.
https://www.forexfactory.com/news/12...to-allow-rates

Maybe some good old fashioned profit taking too with the end-of-month upon us today, who knows.

August is also the traditional northern hemisphere holiday period for the industry as I remember so ranks might be thinner for the next four weeks.
(mischief time for some ).

Trade safe, trade well today, all.
  • #8,630
  • Jul 27, 2023 7:07pm Jul 27, 2023 7:07pm
Quoting TimeTells
{quote} So I wake up this morning. To the GJ chart Let me see, BoJ asleep at that particular time in the early morning (maybe) ... again, who owns who ???? . {image}
About Eighty one hour candles in consolidation. just noting.

  • #8,631
  • Jul 27, 2023 7:17pm Jul 27, 2023 7:17pm
Quoting TimeTells
{quote} They were memory days of early TV lol (even before colour hahaa) (edit: ps oh yeah, Lester Flatt & Earl Scruggs doin' the Bluegrass backing) https://www.youtube.com/watch?v=YD22a4APsCg

Nailed it
Master your Mind,,,Master the Market
  • #8,632
  • Jul 27, 2023 8:11pm Jul 27, 2023 8:11pm
What time will the BOJ interest rate be released?

GJ, EJ, and UJ: interestingly price is consolidating inside the last 4H wick from yesterday.

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Success = Practice + Patience + Persistence
  • #8,633
  • Jul 27, 2023 8:55pm Jul 27, 2023 8:55pm
Trades are getting few and far between for me..either i am being too cautious or i am not able to see em well..lol. I tried Bluesteele's method of using the 8Ema to stay in the trade longer. I did take profit manually though. The target in my head was LO but was happy with around 25 pips in the bag. Quite good cos i hardly go over 15 pips. A little late on entry as i waited for structure break. If we look back at the Tokyo session, price did exactly the same around PDH and 1980 RN another reason i waited a little longer to see if the price really wanted to go down or just a manipulation. Was really hard not pulling the trigger yet watching the chart on 1 minute and seeing those red candles.
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  • #8,634
  • Jul 27, 2023 9:06pm Jul 27, 2023 9:06pm
Quoting fxpider
What time will the BOJ interest rate be released? GJ, EJ, and UJ: interestingly price is consolidating inside the last 4H wick from yesterday. {image} {image}

Hi Fxp,
Always hard to get definitive timing from the BoJ.

Best I could find was Reuters
https://www.reuters.com/markets/rate...ap-2023-07-27/

... suggesting between 0230 GMT and 0430 GMT which was between about a half hour ago lol and the next 1½ hrs

Mr U's media brief about 2hrs after that
(after the subsequent sake maybe , just j/king Mr U )

(don't quote me though )
  • #8,635
  • Jul 27, 2023 9:39pm Jul 27, 2023 9:39pm
Quoting whitesta
Trades are getting few and far between for me..either i am being too cautious or i am not able to see em well..lol. I tried Bluesteele's method of using the 8Ema to stay in the trade longer. I did take profit manually though. The target in my head was LO but was happy with around 25 pips in the bag. Quite good cos i hardly go over 15 pips. A little late on entry as i waited for structure break. If we look back at the Tokyo session, price did exactly the same around PDH and 1980 RN another reason i waited a little longer to see if the price really...
Great trade Well done W !
Master your Mind,,,Master the Market
  • #8,636
  • Jul 27, 2023 10:35pm Jul 27, 2023 10:35pm
Quoting fxpider
What time will the BOJ interest rate be released? GJ, EJ, and UJ: interestingly price is consolidating inside the last 4H wick from yesterday. {image} {image}
UJ: Yesterday's dump is followed by today's pump. The cycle of PnD. Managed to get 119 pips.

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Success = Practice + Patience + Persistence
  • #8,637
  • Jul 27, 2023 10:36pm Jul 27, 2023 10:36pm
Hope someones TP was just hit on EJ GJ UJ....385 pip spike on EJ ,,,, Hay Carumba

OH LOOK.....at these random markets !!! Price spikes down 65 odd pips to what oh yes the PDL
then runs up 300+......

Please tell me again the markets are random ..... CB scoundrels
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Master your Mind,,,Master the Market
  • #8,638
  • Jul 27, 2023 10:44pm Jul 27, 2023 10:44pm
hahaa what a game we play

NO change to BoJ yield curve
https://www.forexlive.com/centralban...ange-20230728/

Market back to yesterday 3am Aus when the sell trick began.

Lucky no one knew any of this in advance and the final decision was only made 1 millisecond before the announcement

(edit: will be waiting till the dust settles now and see whether buyers &/or sellers are caught in the retrace trap bounces)
  • #8,639
  • Jul 27, 2023 11:03pm Jul 27, 2023 11:03pm
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Click on GIF to see Kazuo Ueda in action !
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Master your Mind,,,Master the Market
  • #8,640
  • Jul 27, 2023 11:07pm Jul 27, 2023 11:07pm
Quoting TimeTells
hahaa what a game we play NO change to BoJ yield curve https://www.forexlive.com/centralban...ange-20230728/ Market back to yesterday 3am Aus when the sell trick began. Lucky no one knew any of this in advance and the final decision was only made 1 millisecond before the announcement (edit: will be waiting till the dust settles now and see whether buyers &/or sellers are caught in the retrace trap bounces)
And then some say market is random....lol. Billions if not Trillions was made on those two moves, down and up again. Dare i say not many may have had stoploss that big. But then again what do i know. For viewing side of it i can see on my chart that it started bang on ADR Low, RN, Weekly Pivot and an important one being PDL. For confluence(s) part it was bang on which most of the senior guys have been stating ever since this thread started. In no way, i am saying that i would have got in the trade cos even that 1 minute chart was way too quick to takeoff. YES it was around JPY news but as Timetells stated, it came back to where it started. HMMM Random...lol. Happy Friday all. Its a bloody crap weather here in Wellington though.
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