{quote} Sorry guys, 4got to update this for you just in case anyone followed me Probably see a bounce soon, maybe from next grey zone {image}
- #9,661
- Oct 22, 2023 8:46pm Oct 22, 2023 8:46pm
- Joined Jun 2013 | Status: Trader | 1,732 Posts
- #9,662
- Oct 22, 2023 8:58pm Oct 22, 2023 8:58pm
- Joined Dec 2018 | Status: Trader | 4,600 Posts
I find Asia plays differently to either London, and of course NY, in respect to volatility and to its' directional sort outs
(ie asia must make a high AND a low, for setting up the brand new day)
So not always as "much" available pipwise as the later sessions.
I have formally built my day seekings at around 15p (net of comms, ie full profit in dollars)
To do this I structured my own business management plan around my a/c size and fine tunedd that to my (always the same) trade lot size to facilitate all this.
To give an idea for any wondering (maybe about their own trade a/c setups), for me 15p day profit equates to a 1% increase in my a/c that day.
Some days I will take 10p (or minus), some days I take 20p (or plus),
This is not set in stone, just however the market plays it while I am in there having a go.
Structure trading from levels (which are variable daily), waiting for direction breakout & then a re-test for hopeful confirmation (manage your risk if it deosn't).
I would love to be part of many folks trading in the highly volatile NY Session, well actually post-NY and AFTER the London Close/Fixing Time and then off into
no-mans land
later when its just the NY, Chicago & Toronto, Canada markets open.
Still Asia has been kind enough again, so I move on afterwards with no fomo etc and return post London (and a Franky fake'n'flip maybe
) to see "what's next"
(back in a few hours OR a maybe few days hahaa
)
.
(ie asia must make a high AND a low, for setting up the brand new day)
So not always as "much" available pipwise as the later sessions.
I have formally built my day seekings at around 15p (net of comms, ie full profit in dollars)
To do this I structured my own business management plan around my a/c size and fine tunedd that to my (always the same) trade lot size to facilitate all this.
To give an idea for any wondering (maybe about their own trade a/c setups), for me 15p day profit equates to a 1% increase in my a/c that day.
Some days I will take 10p (or minus), some days I take 20p (or plus),
This is not set in stone, just however the market plays it while I am in there having a go.
Structure trading from levels (which are variable daily), waiting for direction breakout & then a re-test for hopeful confirmation (manage your risk if it deosn't).
I would love to be part of many folks trading in the highly volatile NY Session, well actually post-NY and AFTER the London Close/Fixing Time and then off into
no-mans land
later when its just the NY, Chicago & Toronto, Canada markets open.Still Asia has been kind enough again, so I move on afterwards with no fomo etc and return post London (and a Franky fake'n'flip maybe
) to see "what's next"(back in a few hours OR a maybe few days hahaa
).
- #9,663
- Edited 4:56am Oct 23, 2023 3:18am | Edited 4:56am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #9,664
- Oct 23, 2023 7:22am Oct 23, 2023 7:22am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
{quote} Regarding Levels TT - the Asia Low was broken for great shorts on the DAX at 8am UK time. I follow the SP500 as well and it also followed same pattern. Great when it does albeit price then wobbled a bit before diving again after my 10am finish UK time. But a good session - easy to move stop down each bar.
It never gets easier, you just get better
- #9,666
- Oct 23, 2023 8:13am Oct 23, 2023 8:13am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Nice Handbrake turn when ADR completed.
every Saint has a past. Every Sinner has a Future
- #9,667
- Oct 23, 2023 8:59am Oct 23, 2023 8:59am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
It never gets easier, you just get better
- #9,669
- Oct 23, 2023 3:29pm Oct 23, 2023 3:29pm
- Joined Dec 2018 | Status: Trader | 4,600 Posts
{quote}
Much prefer % 0f ADR no matter what TIME it happens
The +/- 23.6 on that indicator you modified lets you do a look back to check
Transferred that idea to my MM charts just to see were price is in regards the Octaves
In simplistic terms you are often trading a breakout from congestion update {image}
Yes, I do agree for sure the ADR (and intraday %'s) also lets us know through all the sessions what pip leverage movement availability they still have in hand.
If we look at all the breakout zones,
and we can imagine what other styles of traders might be showing a trade interest right there
(either a buy or sell, and preferably BOTH
)then we can pidgeon-hole the nature of the breakout & direction idea for the future also, imho
I love seeing a trade chart of GJ after waking up
as I am fast asleep during the more pip volatile New York sessions.Yesterday GJ was clearly a Pound-based move as the USDJPY was actually the opposite ! (while GU the same as GJ)
Matters not, we can trade in the moment with what the market is doing (and not based on what we think it should be doing)
Trade safe folks, trade well.
.
- #9,670
- Oct 23, 2023 3:39pm Oct 23, 2023 3:39pm
- Joined Dec 2018 | Status: Trader | 4,600 Posts
{quote}
Regarding Levels TT - the Asia Low was broken for great shorts on the DAX at 8am UK time. I follow the SP500 as well and it also followed same pattern. Great when it does albeit price then wobbled a bit before diving again after my 10am finish UK time. But a good session - easy to move stop down each bar.
Hi turnip,
Mate I can sense & tell from many of your recent posts over the past month that you are 'hearing' (?) lol what the market is saying to you in its moves very well.
This skill of hearing/seeing the market (?) is one stage advanced imho than what our indicators, specifically MA's, are showing us.
The MAs which I also use regularly are imo the most vulnerable to the bait&switch, Fake'N'Flip style of price movement,
where price direction flips right over on what it was previously doing (a new session agenda ???).
Shows up later as a mini or major bermuda
.Very nice work turnip on your favourite chart instruments
- #9,671
- Edited 4:27pm Oct 23, 2023 4:10pm | Edited 4:27pm
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} Maybe a timed range of the first 4 hours of trading, to mark High /Low of Range ? Then Breakout / Retest. An H4 chart can show trend bias.
- #9,676
- Edited 7:15am Oct 24, 2023 3:39am | Edited 7:15am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
- #9,677
- Oct 24, 2023 7:15am Oct 24, 2023 7:15am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
It never gets easier, you just get better
- #9,678
- Oct 24, 2023 7:21am Oct 24, 2023 7:21am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
It never gets easier, you just get better
- #9,679
- Edited 9:02am Oct 24, 2023 8:52am | Edited 9:02am
- Joined Aug 2006 | Status: Trader | 5,318 Posts
It never gets easier, you just get better
- #9,680
- Oct 24, 2023 9:11am Oct 24, 2023 9:11am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Hi all, Another little trade i got into at yesterdays London Session. Every session has a story to tell. I bagged just 14 pips after around 2.5 hours of understanding the story. I am sure others here may know or understand things a lot quicker. Lots of patience is required. For me i will wait & wait until i see the high percentage set up. I still get it wrong at times. For me the most important is Time and RN with confluences. I am slowly beginning to see the herd zones and they are broken nearly everytime to take out the stops. When is the big...
every Saint has a past. Every Sinner has a Future