It never gets easier, you just get better
- #9,982
- Nov 25, 2023 10:39am Nov 25, 2023 10:39am
- Joined Aug 2007 | Status: Trader | 3,215 Posts
Oil on Friday was a beautiful example of the efficiency of the market..
The mechanics of the market... The psychology of the market(makers) working the Highs and Lows.
(ive had a few private questions in regards to levels..what I look at etc...hope this helps
)
Heres a clean chart (can you see the Manipulation the Mechanics with a Blank chart ?)
I find it much easier to use some Set in Stone LINES
Now with the context of my template .although I do not use London equity open/h/l/50% on my charts as too many lines and
I will only use the High low of the entire 3 hour session as a visual... WHat I do pay very close attention to is:
Prev day H/L
Asia H/L and equity open (Green line)
US session First 3 hour large session box
US equity open (1hr) O/H/L/ 50%
Round numbers.
Market Structure
All of these levels are set in stone...No ambiguity no discretion on where to draw a level.. Very very important
Some more context Market has made a Inside day (thanksgiving holiday THurs) And Fridays Asia UK session
are trading within the Inside day.
Market is always in a box...Market does 3 things.. Breakout..Breakout reverse...Range
And finally my take on the mechanics of the market....I traded the short from the 8am NY session open and that was all.
The mechanics of the market... The psychology of the market(makers) working the Highs and Lows.
(ive had a few private questions in regards to levels..what I look at etc...hope this helps
)Heres a clean chart (can you see the Manipulation the Mechanics with a Blank chart ?)
I find it much easier to use some Set in Stone LINES
Now with the context of my template .although I do not use London equity open/h/l/50% on my charts as too many lines and
I will only use the High low of the entire 3 hour session as a visual... WHat I do pay very close attention to is:
Prev day H/L
Asia H/L and equity open (Green line)
US session First 3 hour large session box
US equity open (1hr) O/H/L/ 50%
Round numbers.
Market Structure
All of these levels are set in stone...No ambiguity no discretion on where to draw a level.. Very very important
Some more context Market has made a Inside day (thanksgiving holiday THurs) And Fridays Asia UK session
are trading within the Inside day.
Market is always in a box...Market does 3 things.. Breakout..Breakout reverse...Range
And finally my take on the mechanics of the market....I traded the short from the 8am NY session open and that was all.
Markets are Mirrors,,Mastery of craft is mastery of self
- #9,984
- Edited 2:34pm Nov 25, 2023 1:03pm | Edited 2:34pm
- Joined Aug 2006 | Status: Trader | 5,319 Posts
It never gets easier, you just get better
- #9,985
- Nov 25, 2023 1:20pm Nov 25, 2023 1:20pm
- Joined Aug 2006 | Status: Trader | 5,319 Posts
Supply and demand. 50 years ago it was said we'd run out of oil by now .
Economics 101.
It never gets easier, you just get better
- #9,986
- Nov 25, 2023 1:44pm Nov 25, 2023 1:44pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} How to convince people to keep paying more for it, tell them it's running out. Economics 101.
In other words price of petrol would remain higher without intervention highlighting same by UK regulator - company bosses are very annoyed one guesses
https://news.sky.com/story/fuel-pric...lator-13015560
every Saint has a past. Every Sinner has a Future
- #9,987
- Nov 25, 2023 2:06pm Nov 25, 2023 2:06pm
- Joined Aug 2006 | Status: Trader | 5,319 Posts
{quote} Price of petrol - suddenly made a couple of reductions after competition regulators poked their nose in ( SKY News and Times Newspaper)) In other words price of petrol would remain higher without intervention highlighting same by UK regulator - company bosses are very annoyed one guesses
tax duty off the fuel buying public who can't complain.
It never gets easier, you just get better
- #9,988
- Nov 25, 2023 3:54pm Nov 25, 2023 3:54pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #9,989
- Nov 25, 2023 4:00pm Nov 25, 2023 4:00pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #9,990
- Edited 12:52pm Nov 26, 2023 5:31am | Edited 12:52pm
- Joined Aug 2006 | Status: Trader | 5,319 Posts
The police will keep a watch on these petrol profiteers.
CMA (Competition & Market Authority) who did the report on the Fuel Industry, do not have the powers to sanction anyone yet,
still going through Parliament for approval. I wonder who will lobby against that one.
So meanwhile, profiteering is still likely to go on, regardless.
All politicians should be forced to wear their sponsorship badges, so we know who they are really representing.
It never gets easier, you just get better
- #9,991
- Nov 27, 2023 12:53am Nov 27, 2023 12:53am
- Joined Aug 2006 | Status: Trader | 5,319 Posts
It never gets easier, you just get better
- #9,992
- Nov 27, 2023 3:57pm Nov 27, 2023 3:57pm
- Joined Dec 2018 | Status: Trader | 4,608 Posts
Instead of an end of day GJ review,
a start of day review,
of a few levels & targets on the horizon,
which our market may have mind (who knows
)
trade safe & well folks
.
a start of day review,
of a few levels & targets on the horizon,
which our market may have mind (who knows
)trade safe & well folks
.
- #9,993
- Nov 27, 2023 9:59pm Nov 27, 2023 9:59pm
- Joined Dec 2018 | Status: Trader | 4,608 Posts
An hour before the Franky Open so an update GBPJPY chart.
What progress was made by the market (and makers) in the past six hours.
Let's see.
I will use candlestick charts for the 15m swings and my 1m trade entries.
But I prefer a bar chart for the one hour view to see what they have been doing in there the whole time.
I'm essentially done for the day now, but will look in to see if they might offer up something pre-franky or the hour after london to my views. Who knows.
Trade it safe & trade it well folks.
.
What progress was made by the market (and makers) in the past six hours.
Let's see.
I will use candlestick charts for the 15m swings and my 1m trade entries.
But I prefer a bar chart for the one hour view to see what they have been doing in there the whole time.
I'm essentially done for the day now, but will look in to see if they might offer up something pre-franky or the hour after london to my views. Who knows.
Trade it safe & trade it well folks.
.
- #9,995
- Nov 28, 2023 4:48pm Nov 28, 2023 4:48pm
- Joined May 2010 | Status: Straight line Fest | 3,195 Posts
The charts in my above two posts were, Start Of Day, Pre-Franky The one below is End Of Day And the one below that is the the Wyckoff Cycle from maybe 70+ years ago. Includes the bottom of cycle accumulation, top of cycle distribution, markups-markdowns with waves in between of pullbacks Nothing new under the sun In trading if I don't do well it is MY fault And I know this All the best folks Trade safe & trade well No more charts really needed NEW traders just practice on a Simulator (not demo) imo And watch the past unfold in front of your eyes...
- #9,998
- Nov 29, 2023 12:19am Nov 29, 2023 12:19am
- Joined Aug 2006 | Status: Trader | 5,319 Posts
The charts in my above two posts were, Start Of Day, Pre-Franky The one below is End Of Day And the one below that is the the Wyckoff Cycle from maybe 70+ years ago. Includes the bottom of cycle accumulation, top of cycle distribution, markups-markdowns with waves in between of pullbacks Nothing new under the sun In trading if I don't do well it is MY fault And I know this All the best folks Trade safe & trade well No more charts really needed NEW traders just practice on a Simulator (not demo) imo And watch the past unfold in front of your eyes...
It never gets easier, you just get better
- #9,999
- Nov 29, 2023 12:35am Nov 29, 2023 12:35am
- Joined Dec 2018 | Status: Trader | 4,608 Posts
{quote}
What do they call that ................ Apophenia
I don't know what 'they' call it lol.
Some mixed up traders blaming the associated costs of trading, such as comms & spread, for their losses maybe
I call it trading the market mechanics myself.
Btw, this chart below is NOT the (same) chart from yesterday posted above. It's todays
Looks the same, sort of (that's the real mystery of the repetitive markets
)And I'm out and done now at +20p net.
Finished for the night, closed the shop & maybe just watch a movie now
.Plus a triple swap day for those planning to hold trades overnight ... AND
End of Month Mayhem Day Tomorrow maybe
Trade safe guys, trade well
.
- #10,000
- Nov 29, 2023 2:03am Nov 29, 2023 2:03am
- Joined May 2010 | Status: Straight line Fest | 3,195 Posts
{quote} What do they call that ................ Apophenia
