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Flying Dutchman

  • #8,901
  • Aug 20, 2023 7:13pm Aug 20, 2023 7:13pm
Gypsies around a caravan painting. Circa 1888. Van Gogh.

In my mind ir reminds me of traders waiting for the market chart to expand up or down (OR, up AND down) around an inflection (zeppelin) point

The market has to "move on" eventually

Trade well folks.

.
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  • #8,902
  • Aug 20, 2023 8:44pm Aug 20, 2023 8:44pm
Quoting turnip15
Saw this video and was struck by the mathamatics around expectations of the number of losers in a row. https://www.youtube.com/watch?v=gAYLXYmUUCg Around 27/37 or so onwards video from "Trader Tom"
STELLAR ! ! !
Thx T !

Seriously something that needs, repeatedly, listened to,,,,to burn it into your mind.
1:18:00-1:33:00(End)

Probabilities and Expectations....Man o Man,,,,My ass has required plastic surgery to repair the damage done
from how many times MY Expectations were OUTCOME based vs Process.... Daily battle that continues.

RIP Dr Paul...Thanks to Tom for releasing these vids... I glossed over these first 2 releases.. My mistake.
Master your Mind,,,Master the Market
  • #8,903
  • Aug 20, 2023 10:02pm Aug 20, 2023 10:02pm
Morning is over in Asia, for me. only 15p in the larger 45 pip range above the grey Week PP, but hey, that's my day full target

Back again for Franky-London and maaaaybe some early Monkey Business who knows

All the best, gang

.
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  • #8,904
  • Aug 20, 2023 11:14pm Aug 20, 2023 11:14pm
There are many ways to trade,,,I embrace that,,,as we all have to find what works with OUR personality traits.

For me in these last few years my trading has progressed to levels I could only imagine in the past...Now its really
only about my psychology and working daily on that to somehow come up to speed with my trading skillset,,
And I must say I have been working diligently on myself for many many years... And I will as long as I live.

Ive limited my trading business to only NY the first 3ish hours... 8-11am NY (5-8am my time) partly
to toss aside my desire to trade at all times...More exposure=More Risk for me..... Another life lesson lol...

I am not an Analyst I am a Daytrader,,,I dont predict...I only trade in the moment with what is presented.
WHich is why I trade at SET times only.

I trade many setups in my playbook..that all revolve around the Fractals of OHLC...Meaning I have a 12-18 5m candle box at timing..NY equity Open
and a 12 candle 15m window 8-11am NY that is my ARENA....

Disciplining myself to trade only very specific setups at very specific times has given me a great increase in all trading metrics.

With all the rambling said...I want to share with you a specific setup.... Some specifics and easy to figure out if you study the charts.

Nothing MAGIC

Just repeatable Market Mechanics/Behaviours that occur every single day and setup every single day...

When I have these setups I could care less what the hourly 4hr or daily is showing they may all scream short...And I will go long all based on the 15 5 and 1m TFs

Again no magic just a crisp clear clean setup with clear rules based on Timing / Levels / PA

Reason I am writing this is I saw one of my favorite setups on Gold this evening here, WHile marking upcharts, (Asia morning) and its an easy setup that anyone can learn if your looking or interested or suits your style...

Why not share.... (and as well its the exact duplicate of my Oil trade on Friday)

Time to wind down for the night
Blue

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EDIT: NO I DID NOT take the golf trade to be clear...BUT I will take this setup all day long everyday without fail when I see setup at my timing.

Heres the duplicate setup on Oil on Friday

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Master your Mind,,,Master the Market
  • #8,905
  • Aug 20, 2023 11:28pm Aug 20, 2023 11:28pm
Quoting bluesteele
...I only trade in the moment with what is presented. WHich is why I trade at SET times only. I trade many setups in my playbook..that all revolve around the Fractals of OHLC...Meaning I have a 12-18 5m candle box at timing..NY equity Open and a 12 candle 15m window 8-11am NY that is my ARENA.... Disciplining myself to trade only very specific setups at very specific times has given me a great increase in all trading metrics. With all the rambling said...I want to share with you a specific setup.... Some specifics and easy to figure out if you study...
Good on ya

IMO, the true edge lies within the ability to RINSE and REPEAT, days in and days out.
Success = Practice + Patience + Persistence
  • #8,906
  • Aug 20, 2023 11:55pm Aug 20, 2023 11:55pm
bluesteele said ....
I am not an Analyst I am a Daytrader,,,I dont predict...I only trade in the moment with what is presented.
WHich is why I trade at SET times only.
I trade many setups in my playbook..that all revolve around the Fractals of OHLC...Meaning I have a 12-18 5m candle box at timing..NY equity Open
and a 12 candle 15m window 8-11am NY that is my ARENA....
Disciplining myself to trade only very specific setups at very specific times has given me a great increase in all trading metrics.
My comment...
Interestingly it occurred to me earlier today, but prior to reading bluesteele's post, that those traders who predict and post charts on these threads that I frequent should have their Pending Orders showing.
I don't recall seeing charts with Pending Orders. Maybe I am simply not noticing. Please point some out if anyone sees them.
  • #8,907
  • Aug 21, 2023 12:05am Aug 21, 2023 12:05am
Quoting bluesteele
There are many ways to trade,,,I embrace that,,,as we all have to find what works with OUR personality traits. For me in these last few years my trading has progressed to levels I could only imagine in the past...Now its really only about my psychology and working daily on that to somehow come up to speed with my trading skillset,, And I must say I have been working diligently on myself for many many years... And I will as long as I live. Ive limited my trading business to only NY the first 3ish hours... 8-11am NY (5-8am my time) partly to toss...
This will help me FOCUS . thank you .
  • #8,908
  • Aug 21, 2023 1:46am Aug 21, 2023 1:46am
What the hack !!! what was this guy thinking??


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Success = Practice + Patience + Persistence
  • #8,909
  • Aug 21, 2023 3:47am Aug 21, 2023 3:47am
Quoting bluesteele
There are many ways to trade,,,I embrace that,,,as we all have to find what works with OUR personality traits. For me in these last few years my trading has progressed to levels I could only imagine in the past...Now its really only about my psychology and working daily on that to somehow come up to speed with my trading skillset,, And I must say I have been working diligently on myself for many many years... And I will as long as I live. Ive limited my trading business to only NY the first 3ish hours... 8-11am NY (5-8am my time) partly to toss...
Straightforward box break Kevin. Plus Levels And a spot of "Roadmap."
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every Saint has a past. Every Sinner has a Future
  • #8,910
  • Aug 21, 2023 5:17am Aug 21, 2023 5:17am
My demo E/J project.
A Kevin box and levels.
To be fair everyday is NOT like this. Often it is grab a few pips here and there but Levels, Roadmap, times all would have kept me in. Would be looking at higher time frame at and maybe above 15 minute now, as price is going through space towards a collection of price levels that can be seen if you can be bothered to look at the higher time frames.
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every Saint has a past. Every Sinner has a Future
  • #8,911
  • Aug 21, 2023 9:40am Aug 21, 2023 9:40am
There is nothing new in Trading....Forget the shiny whirlygigs... The best thing a trader can do in respect to method etc...
Is to Understand a Chart...Understand the Mechanics and Psychology of the Behaviour of Price....I say this as my opinion only
I may be clueless...but I dont think so

These setups I am showing happen every single day every session throughout all instruments. Some setup much better than others.

Do I practice follow ElliotWave Nope....Wyckoff Nope... But when you look at the basis of their theories,,,,its fairly obvious.

I will let the chart do the speaking...

Have a great day !
Blue

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Master your Mind,,,Master the Market
  • #8,912
  • Aug 21, 2023 10:54am Aug 21, 2023 10:54am
Quoting turnip15
My demo E/J project. A Kevin box and levels. To be fair everyday is NOT like this. Often it is grab a few pips here and there but Levels, Roadmap, times all would have kept me in. Would be looking at higher time frame at and maybe above 15 minute now, as price is going through space towards a collection of price levels that can be seen if you can be bothered to look at the higher time frames. {image} {image}
Later that day, the Stacey Burke way? No prediction -just watching price unfold and reacting to levels
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every Saint has a past. Every Sinner has a Future
  • #8,913
  • Aug 21, 2023 11:06am Aug 21, 2023 11:06am
SP500 round up - a good interaction of Kevin Box ( new term Shabbs) - Time - and levels pre open and Roadmap.
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every Saint has a past. Every Sinner has a Future
  • #8,914
  • Aug 21, 2023 1:18pm Aug 21, 2023 1:18pm
Don't stand too close to me
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every Saint has a past. Every Sinner has a Future
  • #8,915
  • Aug 21, 2023 4:25pm Aug 21, 2023 4:25pm
Today in the UK we get through more than two million cans of baked beans every day, with the average UK household consuming 10 tins of canned food a week

Investing opportunity or a bad smell


https://www.bbc.co.uk/mediacentre/pr...ood%20a%20week.

every Saint has a past. Every Sinner has a Future
  • #8,916
  • Aug 21, 2023 8:40pm Aug 21, 2023 8:40pm
Quoting turnip15
Don't stand too close to me {image}
Click to see the GIF --->

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Success = Practice + Patience + Persistence
  • #8,917
  • Aug 21, 2023 9:17pm Aug 21, 2023 9:17pm
Have received many questions on times and equity opens in Asia etc...

So thought I would post a Wiki chart with the major exchanges it has UTC times and equity open times....
As for Asia things have changed,,,Tokyo used to be 3rd largest by volume..Now Shanghai is,,,

So we look at the combined volume as I have highlighted...The 3 Chinese excahnges have far far greater volume together
than tokyo.. and they are all same utc time and all open at same time 930am utc+8 Tokyo 900am utc+9

The charts are self explanatory.... I know these are Stock market indices...BUT if you follow the logic of how Currencies behave around the
NY equity open...I believe the correlation carries over to the Asian session and trading is best done at these liquid times for many traders.

So if I am trading Asia session it will be with the Hong Kong/Shanghai timings...as my reference points for OHLC etc...

Hope that clears it up
Blue

Edit: Tradingview is a great tool as its so easy to change the Times of your charts to cut out the confusion so many get with MT4...
Great for just a reference tool for timing alone...

https://en.wikipedia.org/wiki/List_of_stock_exchanges

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Master your Mind,,,Master the Market
  • #8,918
  • Aug 21, 2023 9:43pm Aug 21, 2023 9:43pm
[quote=bluesteele;14544383]Have received many questions on times and equity opens in Asia etc...

Thanks bluesteele for your post... I trade Asia and sometimes have been a little unclear about Tokyo vs Shanghai vs Hong Kong etc... so that really helps, much appreciated
We don't see things as they are - we see things as we are.
  • #8,919
  • Aug 22, 2023 2:51am Aug 22, 2023 2:51am
Quoting bluesteele
Have received many questions on times and equity opens in Asia etc... .. Great for just a reference tool for timing alone... https://en.wikipedia.org/wiki/List_of_stock_exchanges {image} {image} {image}
I would like to think the Asia Market influences the other Market Opens also, often Franky & NY even, tap into the liquidity from the Asian Opens.
It never gets easier, you just get better
  • #8,920
  • Aug 22, 2023 3:00am Aug 22, 2023 3:00am
Quoting fxpider
{quote} Click to see the GIF ---> {image}
Smut sir
every Saint has a past. Every Sinner has a Future
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