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Flying Dutchman

  • #10,121
  • Dec 18, 2023 8:28pm Dec 18, 2023 8:28pm
Quoting TimeTells
BoJ Monetary Policy Statement announcement time is tentative (as usual) Likely around the 02:30 GMT to 03:30 GMT ... with a follow up from Mr U at 06:30 GMT https://www.forexlive.com/centralban...view-20231218/ For local conversion to GMT, just add your own city https://www.worldtimebuddy.com/ all the best, for the rest ... of the week What I'm staring at for today's beginning . {image}
So basically they will announce the news when the time is right to benefit those in the know… ..
  • #10,122
  • Dec 18, 2023 8:46pm Dec 18, 2023 8:46pm
Quoting moodybot
{quote}
So basically they will announce the news when the time is right to benefit those in the know… ..

Haahaa,
a classic Andy

As I see it ...

"No one has a clue, with Mr U"
(just joking Mr U)

Well, I guess he's no Draghi that's for sure

Mr D could move a spike candle 50-100 pips just by announcing what he had for breakfast

Probably the end of January Policy Statement will set the ball rolling, who knows.

But today ..... Over To You, Mr U
  • #10,123
  • Dec 18, 2023 8:51pm Dec 18, 2023 8:51pm
There's your hundred, Mr U, join the club

against the Yen
  • #10,124
  • Dec 18, 2023 8:53pm Dec 18, 2023 8:53pm
rates unchanged (of course)

https://www.forexlive.com/centralban...nged-20231219/
"""'Bank of Japan announces their main policy planks remain in place untouched, as expected.
USD/JPY has jumped sharply higher."""
  • #10,125
  • Dec 18, 2023 9:01pm Dec 18, 2023 9:01pm
Freshen up, have some lunch, see what they all do now.
Back for the London Open and maybe seek an opportunity, who knows, not too fussed today.

.
Attached Image (click to enlarge)
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  • #10,126
  • Dec 19, 2023 12:44am Dec 19, 2023 12:44am
This one I call the "taking the p!ss out of us chart"


https://www.forexlive.com/centralban...sary-20231219/
"""""""""BOJ governor Ueda: Will not hesitate to take additional easing measures if necessary""""""

Do not hesitate Mr U, do not hesitate


London opens in 1 and a quarter. Will see how the "City of" folk respond hahaa
Just been a watching day for me, all day, that prob won't change now.

Trade safe folks, trade well

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 taking the p!ss.png Size: 9 KB
  • #10,127
  • Dec 19, 2023 3:42am Dec 19, 2023 3:42am
Quoting TimeTells
This one I call the "taking the p!ss out of us chart" https://www.forexlive.com/centralban...sary-20231219/ """""""""BOJ governor Ueda: Will not hesitate to take additional easing measures if necessary"""""" Do not hesitate Mr U, do not hesitate London opens in 1 and a quarter. Will see how the "City of" folk respond hahaa Just been a...
That's just a natural breathing market Pete, everyone knows that.. reversed straight off of the line drawn at the week open...just a coincidence bud..
  • #10,128
  • Dec 19, 2023 5:08am Dec 19, 2023 5:08am
Quoting TimeTells
This one I call the "taking the p!ss out of us chart" https://www.forexlive.com/centralban...sary-20231219/ """""""""BOJ governor Ueda: Will not hesitate to take additional easing measures if necessary"""""" Do not hesitate Mr U, do not hesitate London opens in 1 and a quarter. Will see how the "City of" folk respond hahaa Just been a...
Lesson in avoiding Red News Events, how the market can take out breakout traders on both sides and stops around previous key levels.
It never gets easier, you just get better
  • #10,129
  • Dec 19, 2023 3:15pm Dec 19, 2023 3:15pm
Quoting Shabs19
{quote} Lesson in avoiding Red News Events, how the market can take out breakout traders on both sides and stops around previous key levels.

Absolutely Shabs,
And especially when certain Red News events are marked as just being tentative and with no definite time lock
(and you know too, who, Mr U, don't you )

Trade safe folks , trade well
  • #10,130
  • Dec 19, 2023 3:17pm Dec 19, 2023 3:17pm
Quoting moodybot
{quote}
That's just a natural breathing market Pete, everyone knows that.. reversed straight off of the line drawn at the week open...just a coincidence bud..

It's all in the pecision, Andy, that tells me the story,
nothing random in it with just a smattering of some buys & then some sells like in an auction at a price.
A very well organised market imo.
  • #10,131
  • Dec 19, 2023 3:44pm Dec 19, 2023 3:44pm
Quoting TimeTells
{quote} It's all in the pecision, Andy, that tells me the story, nothing random in it with just a smattering of some buys & then some sells like in an auction at a price. A very well organised market imo.
Hi guys...catching up here.. Love that GJ chart Pete !
Monday was an Inside day ..some brokers feed wicked out and broke
Fridays low by a hair...but an Inside day as I see it..

Tues 0400 candle breaks out and 0800 reverses lol...150 odd pips back
To closing price ... Trapped all those that bought the Inside day BO breakout... Cascading stops down to prev day close...

Absolutely love it lol... Such a great example of the mechanics of the market. But hey they got their fills and then ran er up.. A Wiley bunch...
Levels Timings Behaviour of Price FTW!!!

Cheers
Master your Mind,,,Master the Market
  • #10,132
  • Dec 19, 2023 4:36pm Dec 19, 2023 4:36pm
Quoting bluesteele
{quote} Monday was an Inside day ..some brokers feed wicked out and broke Fridays low by a hair...but an Inside day as I see it.. Tues 0400 candle breaks out and 0800 reverses lol...150 odd pips back To closing price ... Trapped all those that bought the Inside day BO breakout... Cascading stops down to prev day close... Absolutely love it lol... Such a great example of the mechanics of the market. But hey they got their fills and then ran er up.. A Wiley bunch... Levels Timings Behaviour of Price FTW!!! Cheers ...
It never gets easier, you just get better
  • #10,133
  • Dec 20, 2023 4:01am Dec 20, 2023 4:01am
Waiting pays. See the wild gyrations of Dax at the 8am area before settling down and going back into Kevin Box. And following Roadmap through bottom of box.
Ps. Kevin Box seems , at times, like TT's consolidation or inflection points.
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every Saint has a past. Every Sinner has a Future
  • #10,134
  • Dec 20, 2023 8:16am Dec 20, 2023 8:16am
Quoting TimeTells
This one I call the "taking the p!ss out of us chart" . {image}
Have You seen, it was actually 1 bar on the 1 Min TF. And it s almost the same on the 1H, too. Quite "easy to trade"...Or not, at all...
  • #10,135
  • Dec 20, 2023 8:44am Dec 20, 2023 8:44am
Quoting turnip15
Waiting pays. See the wild gyrations of Dax at the 8am area before settling down and going back into Kevin Box. And following Roadmap through bottom of box. Ps. Kevin Box seems , at times, like TT's consolidation or inflection points. {image}
A Grand Canadian morning to you T...
(A short explanation to others that may be wondering what we are referring too)

The way I look at it in a "nutshell"
***Price is Always in a Box***
***Price is Always building a Box***

Mon Sets H/L=Box=Opening Range.
Asia(specific times) sets H/L=Box=Opening Range for the day.
UK (specific times) sets H/L= Box= Opening Range for session.
US (specific times) sets H/L= Box= Opening Range for session.

Why these times because it is when each markets equity markets Open the first hr normally
and the bulk of volume comes at that time.

***Price when in a Box only does 3 things (as per Stacey Burke)***
1) Breakout, (pullback), Continue
2) Breakout, pullback, Reversal
3) (Breakout), (pullback), Range

Thus the revisits to the Box.....

Cheers
Blue
Master your Mind,,,Master the Market
  • #10,136
  • Dec 20, 2023 9:48am Dec 20, 2023 9:48am
Quoting bluesteele
{quote} A Grand Canadian morning to you T... (A short explanation to others that may be wondering what we are referring too) The way I look at it in a "nutshell" ***Price is Always in a Box*** ***Price is Always building a Box*** Mon Sets H/L=Box=Opening Range. Asia(specific times) sets H/L=Box=Opening Range for the day. UK (specific times) sets H/L= Box= Opening Range for session. US (specific times) sets H/L= Box= Opening Range for session. Why these times because it is when each markets equity markets Open the first hr normally and the bulk of...
Since I tend to be linguistically lazy, sometimes, my thanks to Kevin for the summary.
every Saint has a past. Every Sinner has a Future
  • #10,137
  • Dec 20, 2023 9:52am Dec 20, 2023 9:52am
Quoting bluesteele
{quote} A Grand Canadian morning to you T... (A short explanation to others that may be wondering what we are referring too) The way I look at it in a "nutshell" ***Price is Always in a Box*** ***Price is Always building a Box*** Mon Sets H/L=Box=Opening Range. Asia(specific times) sets H/L=Box=Opening Range for the day. UK (specific times) sets H/L= Box= Opening Range for session. US (specific times) sets H/L= Box= Opening Range for session. Why these times because it is when each markets equity markets Open the first hr normally and the bulk of...
Oh no...! Not another "Kevin Box."

EDIT: Look on your 5 minute chart...similar consolidation or inflection point ( TT term) but look at supply line Burke stuff return to level (inflexion point to inflection point or consolidation level to consolidation level which helped confidence in my Roadmap stuff.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 108 KB
every Saint has a past. Every Sinner has a Future
  • #10,138
  • Dec 20, 2023 11:27am Dec 20, 2023 11:27am
Quoting turnip15
{quote} Oh no...! Not another "Kevin Box." EDIT: Look on your 5 minute chart...similar consolidation or inflection point ( TT term) but look at supply line Burke stuff return to level (inflexion point to inflection point or consolidation level to consolidation level which helped confidence in my Roadmap stuff. {image}
Inserted Video


Whoa!
Woke up this morning
Closed in on all sides
Nothing doing
I feel resistance
As I open my eyes
Someone's fooling
I've found a way to break
Through this cellophane line
'Cause I know what's going on
In my own mind
Am I living in a box?
Am I living in a cardboard box?
Am I living in a box?
Am I living in a cardboard box?
Am I living in a box?
It never gets easier, you just get better
  • #10,139
  • Dec 20, 2023 3:11pm Dec 20, 2023 3:11pm
Quoting Shabs19
{quote} https://www.youtube.com/watch?v=mHzfhU8t5i8 Whoa! Woke up this morning Closed in on all sides Nothing doing I feel resistance As I open my eyes Someone's fooling I've found a way to break Through this cellophane line 'Cause I know what's going on In my own mind Am I living in a box? Am I living in a cardboard box? Am I living in a box? Am I living in a cardboard box? Am I living in a box?
Showing my age:

Inserted Video


and
Inserted Video
every Saint has a past. Every Sinner has a Future
  • #10,140
  • Dec 20, 2023 5:39pm Dec 20, 2023 5:39pm
Quoting LaszloTrader
{quote}
Have You seen, it was actually 1 bar on the 1 Min TF.
And it s almost the same on the 1H, too. Quite "easy to trade"...Or not, at all...

Well noted LT yes.

This market is driven for sure, and not by any retail traders with all our buys & sells which (imo) go into an aggregated pool of some lower level LPs who do with the whole lot what they wish based on their own risk parameters (who knows).

These flash moves they used to call crashes are pivotal at times to the big game.

As Shabs pointed out often around Red News, where I just visualise (lol) someone with a price slider just running the slider up & down hahaa taking out All The SLs along the way and providing profits to any in the right direction. I was sitting with profitfarmer on skype one day in Asia when I was provided (???) with a 100 pip one minute candle profit. These are NOT how I trade, it was only timing. What if I was on the wrong direction?

So to anser your Q, for me, """easy, hard, not at all ???""" ... it's ....

Not At All as I don't trade now around those red news moves

(I know of some traders who do, with their risk parameters S/L well organised, but the speed of it all and latency & connectivity it's NOT in my repertoire to trade it.)

All the best LT for the remainder of the week leading into Chrissy & then the monkey-business next week for sure.
I usually take a break from trading now, though with the charts on in the backgound, and if the market tries to over-stretch wildly in some hunt or chase then after the dust settles and they maneuver slowly back home I might try & scalp a little AFTER a solid confirmation.

Else, just stay out is safest
(what's the old saying "I'd rather be out and wishing I was in than being IN and wishing I was out )
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