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Flying Dutchman

  • #9,721
  • Edited 8:00am Oct 27, 2023 7:42am | Edited 8:00am
Quoting TimeTells
I'm finished for day (and the week now) on GBPJPY. Was pretty much business as usal with a few curve balls overcome hahaa (thank you market maker ). So to switch it around for my last chart for the week. GBPUSD. Mystery or Mechanics If a trader is not trading to a set & forget (ie enter trade & then leave it until an ultimate target is reached), then what else might be looked for & at along the way. 1. Market begins at Day Open and rotates (aggregates imho) till the pool favours the buying (for whom though...
I forgot to mention - now you talk of levels. I often trade the sp500 during UK time zone because it allows casual "grazing`" of points in a calm sea. To reinforce my point look at he 1:30pm UK time when the USA wakes up; chaos for a while before the dust settles and one waits for price to react at previously drawn levels. That black dashed line is simply the Asia low but is a great point to enter trades and put stops around. Nothing magical about the line - just something one notices often interacts with price. You still have to manage the trade.

Enjoy your week end people.
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every Saint has a past. Every Sinner has a Future
  • #9,722
  • Oct 27, 2023 9:03am Oct 27, 2023 9:03am
Hope you all have had a great week... Been on vacation and staying clear of trading and related activities........

Trade well
Blue
Master your Mind,,,Master the Market
  • #9,723
  • Oct 27, 2023 12:21pm Oct 27, 2023 12:21pm
Quoting Shabs19
{quote} Confluence or possibly Confusion ?
Oops
Guess it must be my
Imagination ?
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  • #9,724
  • Edited 1:53pm Oct 27, 2023 1:20pm | Edited 1:53pm
Quoting OAPDave
{quote} Oops Guess it must be my Imagination ? {image} {image} {image}
Pick one chart and go with that.

Your ADR looks wrong, it should be 148.5 pips for 28 day average, which happens also to be the approx. range of PDH 182.575 to PDL 181.044

Only 40 pips away from weekly average range of 310 pips.

Still 100+ pips from London Open to target.

Edit: Just saw price bounce to the pip on the PDL & 99% ADR
It never gets easier, you just get better
  • #9,725
  • Oct 27, 2023 3:01pm Oct 27, 2023 3:01pm
Quoting Shabs19
{quote} Pick one chart and go with that. Your ADR looks wrong, it should be 148.5 pips for 28 day average, which happens also to be the approx. range of PDH 182.575 to PDL 181.044 Only 40 pips away from weekly average range of 310 pips. Still 100+ pips from London Open to target. Edit: Just saw price bounce to the pip on the PDL & 99% ADR
Thanks for pointing that out
As mentioned before
I have a Sunday bar
Plus
Clocks go back tomorrow
TBH happy with things as they come, you must remember I only trade with my eyes and have no idea about all the finer details
I Just trade the rungs on the ladder
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  • #9,726
  • Oct 27, 2023 3:37pm Oct 27, 2023 3:37pm
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Getting ready to head down to the beach go for a walk and watch the sun fade away...Another beautiful crisp day on British Columbia's West Coast ,Long Beach.
The price of peanuts tho over here...Shudda brought a a few extra bags with me the Steller Jays here are abundant and much more agressive than
the mainland. lol....lotsa fun.... An abundance of Deer and Black bears here....always nice to see... as well home to many Cougars and Wolves.

Love Nature
Blue

Trading starts again next hmmm Weds.... have a great weekend !

Edit: Just had to add this map of where im at... It is so beautiful the west coast of British Columbia (Barkley Sound)
,,,,if it wasnt so darn cold tho lol (Pacific Rim National Park) the beach pics...Im in Ucluelet
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Master your Mind,,,Master the Market
  • #9,727
  • Oct 27, 2023 4:08pm Oct 27, 2023 4:08pm
Quoting OAPDave
{quote} Thanks for pointing that out As mentioned before I have a Sunday bar Plus Clocks go back tomorrow TBH happy with things as they come, you must remember I only trade with my eyes and have no idea about all the finer details I Just trade the rungs on the ladder {image}
Good job the firemen don't have that many rungs on their ladders ...............

It never gets easier, you just get better
  • #9,728
  • Edited 4:38pm Oct 27, 2023 4:27pm | Edited 4:38pm
Quoting Shabs19
{quote} Good job the firemen don't have that many rungs on their ladders ...............
Yep
and everyone paved with gold
Notice you have gone very shy posting yours now
But hey no worries as they all looked like this to me, so, I guess I am not missing anything
ps
It really pleases me to see how you have picked up on the use of ADR
You just might start making a few pips now
Well done a step in the right direction , do not give up, their is hope for you now
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  • #9,729
  • Oct 27, 2023 5:06pm Oct 27, 2023 5:06pm
Quoting OAPDave
{quote} Yep and everyone paved with gold Notice you have gone very shy posting yours now But hey no worries as they all looked like this to me, so, I guess I am not missing anything ps It really pleases me to see how you have picked up on the use of ADR You just might start making a few pips now Well done a step in the right direction , do not give up, their is hope for you now {image}
I think I have posted plenty of charts and my style of trading & instruments is well documented.

I have been using ADR for a very long time, so nice of you to notice.

I hope your attempt at sarcasm is not a reflection on your trading.
It never gets easier, you just get better
  • #9,730
  • Oct 27, 2023 5:37pm Oct 27, 2023 5:37pm
Quoting bluesteele
Hope you all have had a great week... Been on vacation and staying clear of trading and related activities........ Trade well Blue
Quoting bluesteele
{image} {image} Getting ready to head down to the beach go for a walk and watch the sun fade away...Another beautiful crisp day on British Columbia's West Coast ,Long Beach. The price of peanuts tho over here...Shudda brought a a few extra bags with me the Steller Jays here are abundant and much more agressive than the mainland. lol....lotsa fun.... An abundance of Deer and Black bears here....always nice to see... as well home to many Cougars and Wolves. Love Nature Blue Trading starts again next hmmm Weds.... have a great weekend ! Edit:...

ENJOY your break Kev.
Beautiful pictures pal
  • #9,731
  • Oct 27, 2023 5:39pm Oct 27, 2023 5:39pm
Quoting turnip15
{quote}
I forgot to mention - now you talk of levels.

I often trade the sp500 during UK time zone because it allows casual "grazing" of points in a calm sea.

To reinforce my point look at he 1:30pm UK time when the USA wakes up; chaos for a while before the dust settles and one waits for price to react at previously drawn levels. That black dashed line is simply the Asia low but is a great point to enter trades and put stops around. Nothing magical about the line - just something one notices often interacts with...

What a terrific analogy turnip
  • #9,732
  • Oct 27, 2023 5:43pm Oct 27, 2023 5:43pm
GBPUSD
Some days we trade on an express train,
racing from one end of the chart (countryside) to the other end.

Some days we trade on the old suburban rattler,
going along calmly (cheers turnip) on its way from station to station to station with stop offs at every other station.

So
Are we on express-train trading (doing 0 to 45 pips ),
or are we meandering across the countryside on the ol' rattler (snagging maybe 3 x 15 pips ).

Doesn’t matter imho.
As long as we are TP trading the train ride.
(Pic below of the end of day on the GU rattler yesterday).


GBPJPY
Friday was an express train ride from the Asia high racing from the top up at 182.500.

Right down to exactly at the Previous Days Low at 181.057 which hit the very
BOTTOM OF THAT MASSIVE intraday SPIKE hunt from the day before - (amazing, yeah, right on it lol )


I only joke about the mystery part folks lol, sorry
This IS the Market Mechanics, I believe, that I will see day after day.
Imho

Trade safe folks, trade well.
Remember the big players could (?) make some very fun moves (who knows), during the last two days of the month next week.
(Pic below of the friday GJ express train day)

.
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  • #9,733
  • Oct 27, 2023 5:44pm Oct 27, 2023 5:44pm
ooops, and the GJ express (all aboard, toot toot )

.
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  • #9,734
  • Oct 27, 2023 9:43pm Oct 27, 2023 9:43pm
Quoting bluesteele
{image} {image} Getting ready to head down to the beach go for a walk and watch the sun fade away...Another beautiful crisp day on British Columbia's West Coast ,Long Beach. The price of peanuts tho over here...Shudda brought a a few extra bags with me the Steller Jays here are abundant and much more agressive than the mainland. lol....lotsa fun.... An abundance of Deer and Black bears here....always nice to see... as well home to many Cougars and Wolves. Love Nature Blue Trading starts again next hmmm Weds.... have a great weekend ! Edit:...
Those are some wonderful pictures! Breathtaking views, those beautiful crisp days are something else. Do you live in Vancouver, if so ever get out to Whistler and Blackcomb? Destination I certainly want to go to soon for some winter snowboarding. Ucluelet and the whole Barkley Sound area looks amazing though, enjoy and have a refreshed return on Wednesday.
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #9,735
  • Oct 27, 2023 10:45pm Oct 27, 2023 10:45pm
Quoting HTG
{quote} Those are some wonderful pictures! Breathtaking views, those beautiful crisp days are something else. Do you live in Vancouver, if so ever get out to Whistler and Blackcomb? Destination I certainly want to go to soon for some winter snowboarding. Ucluelet and the whole Barkley Sound area looks amazing though, enjoy and have a refreshed return on Wednesday.
Hi HTG,,,,, Yes Vancouver suburb,,,if your into snowboarding you cant beat Whistler Blackcomb !!! One of the very top World resorts in the world...If not #1

..... I ski (just not lately tho) lol.. actually im headed to Whistler Weds (not skiing).. Snow on top of the island mtns...and snow on the Local Vancouver mtns as well.
Cypress, Grouse and Seymour,,,, Winters coming... Highly recommend Grouse mtn for night skiing/boarding... the view of Vancouver below at night as you
cruise the runs is spectacular !

Anyhooo.....a pic of night time skiing at Grouse with Vancouver below (google pics not mine)
And the nights or days when its low clouds in Vancouver and your above the clouds on Grouse... very cool experience...

Beautiful BC has it all.....( psst dont tell Mexico that ! )

Cheers
Blue

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Master your Mind,,,Master the Market
  • #9,736
  • Oct 28, 2023 7:32am Oct 28, 2023 7:32am
Quoting TimeTells
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...
Gotta luv the simplicity in that chart.
  • #9,737
  • Oct 28, 2023 9:50pm Oct 28, 2023 9:50pm
Quoting handy148
{quote} Gotta luv the simplicity in that chart.

Cheers Handy, all the best to you sir
  • #9,738
  • Oct 29, 2023 5:01am Oct 29, 2023 5:01am
Back to GMT for all of us in the UK, will have to change settings on MT4 just for a week !!!

until the US changes time also on the 5th November.
It never gets easier, you just get better
  • #9,739
  • Oct 29, 2023 5:17am Oct 29, 2023 5:17am
Quoting Shabs19
Back to GMT for all of us in the UK, will have to change settings on MT4 just for a week !!! until the US changes time also on the 5th November.
In this so called modern era you would think they would stop tinkering with the kin clocks.
every Saint has a past. Every Sinner has a Future
  • #9,740
  • Edited 5:40am Oct 29, 2023 5:28am | Edited 5:40am
Quoting turnip15
{quote} In this so called modern era you would think they would stop tinkering with the kin clocks.
I do remember when the UK stopped changing the clocks back between 1968 -1971 as an experiment, remaining at GMT+1

As I remember, it was still dark in the mornings until 9am, going to school and with all the pollution, fog and poor brakes, there were many motor accidents.

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It never gets easier, you just get better
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