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Flying Dutchman

  • #9,861
  • Nov 15, 2023 4:58am Nov 15, 2023 4:58am
Continuation...watching GBP/JPY closely for reversal...no entry so far..
  • #9,862
  • Nov 15, 2023 8:46am Nov 15, 2023 8:46am
Been 20+ years since I read this book...after I blew up my futures account...haha
Guess I should have read this page more closely.
Parabolic OJ Prices........Havent bought OJ in a long time...makes me curious what
prices are like in the stores ?

Nice DT forming on OJ.... fingers itchy lol



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Master your Mind,,,Master the Market
  • #9,863
  • Nov 15, 2023 10:02am Nov 15, 2023 10:02am
Quoting bluesteele
Been 20+ years since I read this book...after I blew up my futures account...haha Guess I should have read this page more closely. Parabolic OJ Prices........Havent bought OJ in a long time...makes me curious what prices are like in the stores ? Nice DT forming on OJ.... fingers itchy lol {image} {image} {image}
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It never gets easier, you just get better
  • #9,864
  • Nov 15, 2023 12:49pm Nov 15, 2023 12:49pm
Quoting TimeTells
Even in the GJ Grinder, the market will have its purpose Triple swap Wednesday folks , trade safe, trade well. . {image}
And what's this TT. An upside down pyramid to the left of the horizontal and vertical cross ?
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every Saint has a past. Every Sinner has a Future
  • #9,865
  • Nov 15, 2023 1:56pm Nov 15, 2023 1:56pm
Quoting turnip15
{quote} And what's this TT. An upside down pyramid to the left of the horizontal and vertical cross ? {image}
Just like Oil yesterday ! The 8ema channel closes exactly what I was
Eluding to that other chap on Laura's thread. Oil yesterday off 80.00

The ol' Kangaroo reversal ! Pyramid power
Master your Mind,,,Master the Market
  • #9,866
  • Nov 15, 2023 2:20pm Nov 15, 2023 2:20pm
Quoting turnip15
{quote} And what's this TT. An upside down pyramid to the left of the horizontal and vertical cross ? {image}
Spinning Top ?

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It never gets easier, you just get better
  • #9,867
  • Nov 15, 2023 3:44pm Nov 15, 2023 3:44pm
Quoting whitesta
Continuation...watching GBP/JPY closely for reversal...no entry so far..


Hi W.

A reversal and right back to the 188.000 I can see this morning, good thinking sir.

Triple swap day is over, where to today. We watch is all I say.
  • #9,868
  • Nov 15, 2023 3:51pm Nov 15, 2023 3:51pm
Quoting turnip15
{quote}
And what's this TT. An upside down pyramid to the left of the horizontal and vertical cross ? {image}

"Another" new trade chart for me to look at, cheers turnip.

Crikey guys
Targets, round numbers, fakes 'n flip spikes, bermudas (& inflections leading into London).
Crazy these charts all appear similar I reckon

Thursday beckons,
trade safe & well folks

.
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  • #9,869
  • Nov 15, 2023 5:07pm Nov 15, 2023 5:07pm
Hi All,
Had to wait till US session to get a reversal. It was worth the wait. 29 pips for the effort. So much manipulation trying to suck in buyers and sellers. Again its all about patience. If you don't see a clear direction, don't enter. I am a reversal trader so have to be very sure about market turns. The most important again was RN & Time. Manually closed at the DOL. No matter how strong a trend is, it has to breathe, reload and decide again. We can call it profit taking, manipulation, trend change or whatever. It may just be a small turn. May just be a very small reversal depending on the time frame but that is where we can gain some pips. We just have to take into consideration the time frame we are trading and the average pips for reversals on the specific time frame. For me trading the GBP/JPY, i am happy to take 10 to 20 pips when trading 15 minute time frames. Happy for even less. No matter what big players will show their hands. Thats where we have to be ready. Like yesterday i started watching from FO and the setup showed up 1hr45 mins into US session. The price was just in a 25 pips range for around 4 hours. Just had to wait and watch. The 8.30 US time, 15 mins candle kind of engulfed the prior 16 candles yet no structure break so waited another 15 minutes. Rejection of the 187.250 and 187.5 RNs got me interested. 187.750 was used and abused a few times if u look left so i was confident that it won't hold the upward move for too long. The target was DOL. These setups are there 3 out 5 days at around 90% of the time. I kind of showed it earlier in my posts. Either London or US session. First 2 or 3 hours after or within session opens. Low or high of the session is set most of the time. It is at specific times and mostly around RNs. Other confluences like Open lines, daily, weekly, monthly Hs & Ls, pivots are very important. Its what big players may use to set targets. The key is to be patient. I totally understand that during live sessions its very hard but try to wait for candles to close and mark your trading zones, targets before hand. If price leaves you with massive candle and gets too close to the target just take it in ur stride cos u can't win em all. It will be frustrating but its better to stay out then to enter way too late. Relax and wait for the next ride. Maybe next day or day after but it WILL be there again and this time you may be on the ride. If no then wait again. Sounds simple but let me tell you its extremely frustrating and thats the reason there is 90% failure rate in this field. Big players playing with emotions. Like TimeTells says you don't have to be at the start or at the end of a trade. In the middle is just fine as long as you are in the right direction. Its ok to enter a little late and exit early. Profits banked and we move on. Trade Well All.
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  • #9,870
  • Nov 15, 2023 6:49pm Nov 15, 2023 6:49pm
Sitting down at the beach a refreshing six Celsius.. watching the Sun go down... Breathing in the fresh air... Appreciating life and its beauty.,..

Thought I would share what I believe is a nice photo at least it looks like it on my phone one of my local beaches...live on a peninsula... This one's a 3 minute drive or so.. as the crow flies less than 1km.. the other beach is sandy..but this one has far more character...

Anyhoo getting dark and hard to see...
Home soon onto my computer where I can have a good gander at
this photo.... Ohhhh and lots of birds here too !!

Life is good today...
Blue

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Master your Mind,,,Master the Market
  • #9,871
  • Nov 15, 2023 8:09pm Nov 15, 2023 8:09pm
Quoting turnip15
{quote} And what's this TT. An upside down pyramid to the left of the horizontal and vertical cross ? {image}
Hmmm almost looks like a TD365(TradeNation) chart
Oil had a similar rollercoaster ride yesterday.......... Giveth and Taketh !

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Master your Mind,,,Master the Market
  • #9,872
  • Nov 16, 2023 1:26am Nov 16, 2023 1:26am
Lets see what GBP/JPY has on offer in London session.
  • #9,873
  • Nov 16, 2023 4:24am Nov 16, 2023 4:24am
Quoting bluesteele
Sitting down at the beach a refreshing six Celsius.. watching the Sun go down... Breathing in the fresh air... Appreciating life and its beauty.,.. Thought I would share what I believe is a nice photo at least it looks like it on my phone one of my local beaches...live on a peninsula... This one's a 3 minute drive or so.. as the crow flies less than 1km.. the other beach is sandy..but this one has far more character... Anyhoo getting dark and hard to see... Home soon onto my computer where I can have a good gander at this photo.... Ohhhh and lots...
They are watching you Kevin
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every Saint has a past. Every Sinner has a Future
  • #9,874
  • Nov 16, 2023 6:01am Nov 16, 2023 6:01am
Quoting turnip15
{quote} They are watching you Kevin {image}
Red Squirrels are almost extinct in the UK
There are two species of squirrel in the UK; red squirrels and grey squirrels. Red squirrels are our native species and have lived in the UK for around 10,000 years, grey squirrels were introduced to the UK from North America by the Victorians in the 1800s, the first record of them escaping and establishing a wild population is 1876.

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It never gets easier, you just get better
  • #9,875
  • Nov 16, 2023 9:39am Nov 16, 2023 9:39am
Quoting Shabs19
{quote} Red Squirrels are almost extinct in the UK There are two species of squirrel in the UK;s Red squirrels are our native species and have lived in the UK for around 10,000 years, grey squirrels were introduced to the UK from North America by the Victorians in the 1800s, the first record of them escaping and establishing a wild population is 1876. {image}
We need more One Martens, such as those in Scotland, that keep the grey buggers down but allow the cute native red one's to survive

http://www.britishredsquirrel.org/gr...s/pine-martin/
every Saint has a past. Every Sinner has a Future
  • #9,876
  • Nov 16, 2023 9:41am Nov 16, 2023 9:41am
Quoting turnip15
{quote} We need more One Martens, such as those in Scotland, that keep the grey buggers down but allow the cute native red one's to survive http://www.britishredsquirrel.org/gr...s/pine-martin/

Master your Mind,,,Master the Market
  • #9,877
  • Nov 16, 2023 9:46am Nov 16, 2023 9:46am
Not trading today but whilst doing other things tried an experiment on the US500.
TT often mentions the "Bermuda Triangle" so when I saw the US500 run up I thought I would wait for a tipping point ( Through Roadmap channel) -break of lows on the left by lows on the right hand descending price leg. Seems to work as price went back to origin.
But I am not sure if this was just lucky or a common thing. But I am not sure why it formed the "Triangle. If I was I could do well waiting in the wings for such price action. For example : the leg down on the right could have been far shorter before resuming an upward move.
What do you think people?
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every Saint has a past. Every Sinner has a Future
  • #9,878
  • Nov 16, 2023 10:01am Nov 16, 2023 10:01am
Quoting turnip15
But I am not sure if this was just lucky or a common thing.
After the CPI data absorbed, it can be called "common".

Quoting turnip15
For example : the leg down on the right could have been far shorter before resuming an upward move. What do you think people? {image}
Agree.
  • #9,879
  • Nov 16, 2023 10:09am Nov 16, 2023 10:09am
I used to infest this thread with my E/J research charts but having read that TT likes a few pips per session ( rather than chase long winning runs) because probability is on his side, I was struck by the impression that the E/J is a steady chugger for those of us happy with a few pips per trade. Just a thought before a cuppa.
That's it for now. Off for a cuppa and then continue reading my Terry Pratchett novel
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every Saint has a past. Every Sinner has a Future
  • #9,880
  • Nov 16, 2023 10:40am Nov 16, 2023 10:40am
Quoting turnip15
Not trading today but whilst doing other things tried an experiment on the US500. TT often mentions the "Bermuda Triangle" so when I saw the US500 run up I thought I would wait for a tipping point ( Through Roadmap channel) -break of lows on the left by lows on the right hand descending price leg. Seems to work as price went back to origin. But I am not sure if this was just lucky or a common thing. But I am not sure why it formed the "Triangle. If I was I could do well waiting in the wings for such price action. For example : the leg down on the...
Well I gather there are many ways to look at it.... Waves, levels, structure patterns etc. etc.....................

I do like RoadMap and using the 8ema channel...before someone gets their knickers in a knot....could be the 6 or the 10...JUst stick with one a be consistent
and methodical in your approach.... But for price flipping like that for me..Im looking at the Time of day..more specifically the timing of the candles..WHat time
is it in relation to say the 15m close and the 5m etc..and the 1hr and 4hr...They all matter ...Combine that with a reversal pattern etc...

V bottoms and A tops are common..but catching them is like tryin to catch a thats where the 8ema channel works great in several ways...
All based on where is price opening and closing in relation to the channel..Can be used to get into the move and to exit it...

But enough of my verbal diarehha ....Is it possible...sure.. many factors tho to make it happen ? ! ?

Ground frozen this morning...critters are all fed........Oil was a boomer to say the least

CHeers fellas
Master your Mind,,,Master the Market
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