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Flying Dutchman

  • #10,241
  • Mar 16, 2024 4:48am Mar 16, 2024 4:48am
Quoting TimeTells
{quote} Hi turnip, Cheers mate, yes I mainly use the 15m chart for my End Of Day Reviews as imo they better visually separate the Targets more so than say a one hour chart. During the sessions I can watch the One Hour chart as all my Targets are NOT chart time dependent but price level dependent and then the Targets I can use to observe what “other traders” and the larger market might do in response to a Target being chased or arrived at. Hi W, {quote} Cheers also mate, re the BRN reference you make on your chart I agree with completely, as imo...
Lines etc - as you say not magical but useful as points to be more attentive at and as decision points around price action.Makes you exercise patience and pointers to help you follow a plan rather than thrashing about in a sea of heaving prices. Looking forward to a blueberry cake and cup of tea later.I know how to live
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every Saint has a past. Every Sinner has a Future
  • #10,242
  • Mar 16, 2024 5:08am Mar 16, 2024 5:08am
Quoting turnip15
{quote}
Lines etc - as you say not magical but useful as points to be more attentive at and as decision points around price action.Makes you exercise patience and pointers to help you follow a plan rather than thrashing about in a sea of heaving prices.
Looking forward to a blueberry cake and cup of tea later.I know how to live {image}

Hi T,

Yummmm cake lol.

Some Aussie Blueberry Muffins
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  • #10,243
  • Mar 16, 2024 12:44pm Mar 16, 2024 12:44pm
Quoting TimeTells
{quote} Hi T, Yummmm cake lol. Some Aussie Blueberry Muffins {image}
I hope you share them
every Saint has a past. Every Sinner has a Future
  • #10,244
  • Mar 17, 2024 8:17pm Mar 17, 2024 8:17pm
Just had a quick look again NOW, GJ sellers got a tighter squeeze on the part of their anatomy that hurts
(price now bouncing around the Prev Week High & BRN)


I will just post what I traded earlier (and see what pips I “missed” lol - so be it )

I’m only posting because the Talking Heads are talking up a JPY rate increase
(for tomorrow ???)


If so, well the big players gotta get their own bets on first I imagine, then

if the YEN is gonna go up a little
(ie GJ down)
then yen HAS to go down FIRST
(GJ up)
based on usual past behaviour that is
(USDJPY will give the truer picture)


But who knows, not me, I just trade discretionary in the moment on what price is doing now
(and that earlier GJ price up move I got, also coincided with an o'clock positive GBP soft news)

Still, a quick +14 on a daily target of +15 for me
Did I want more (yes, always, but I generally take what I seek & then just vamoose hahaa)

I’m out and they can do what they want with the market now (ie no greed, no fomo).

If they have GJ reversal sellers trapped (at the RN 000) then they will squeeze from them what they can
if GJ buyers come back in they will settle their score also (it’s just the retail aggregation stuff again imho)

The Way It Works (apparently ?)

Back for London though and will see what else transpires on the GBPUSD then
(ie maybe a franky/London fake’n’flip before the real move ?, we shall see)

.
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  • #10,245
  • Mar 18, 2024 7:18pm Mar 18, 2024 7:18pm
BoJ Meeting announcement


Tentative timing, as always

Best I can find is between 02:30 to 03:30 GMT
(about 2 and a quarter hrs from now, but who knows with the BoJ)

https://www.forexlive.com/centralban...aken-20240318/


Either way I'm sitting out the morning till after the announcement, then the initial market response, and THEN the settling down directional clues afterwards
(Though I might not get a trade on till the Franky/London period - who knows, not me at this point )

Trade safe, trade well
  • #10,246
  • Mar 18, 2024 7:47pm Mar 18, 2024 7:47pm
Quoting TimeTells
{quote} Hi T, Yummmm cake lol. Some Aussie Blueberry Muffins {image}
My go-to cake. Cherry-filling black forest. Yumm! Yumm!

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Success = Practice + Patience + Persistence
  • #10,247
  • Mar 18, 2024 8:48pm Mar 18, 2024 8:48pm
Quoting moodybot
Flying Dutchman The legend that reveals itself to the lucky few.... Thread for the purist or conspiracy theorist. What is real, what is price, do we have the time, what is time! How do they connect! Do they connect..... Had some PM's asking to continue with the previous thread, I felt it required a less confrontational title so maybe this will carry on where the other stopped. If no interest, no sweat, will let it sail into history...hmm, history, does it affect the future...!! Questions, questions, always question... Starting with a clean...
Certainly, it's essential to approach trading with a critical mindset and a willingness to question. While the markets may seem complex, consistent contributors to this thread offer insights and methods that have stood the test of time. The key is understanding that markets are controlled, and success lies in deciphering their movements efficiently. There are no secrets or hidden agendas here; it's about learning and sharing strategies to navigate the trading landscape.
  • #10,248
  • Mar 18, 2024 11:19pm Mar 18, 2024 11:19pm
PLENTY of scope for moves,
either way

DON'T get caught on the wrong side of this event imo

Quick summary & snapshot
https://www.forexlive.com/centralban...oday-20240319/

If price is gonna go down then it has to go up first
AND
vice versa


As I am neither an economist nor a fundamentalist I can only scalp this sh!te (but later lol)

Do your best if you trade today, I'm still on the sidelines, just watching it all

.
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  • #10,249
  • Mar 19, 2024 3:10am Mar 19, 2024 3:10am
Down low on the right of the chart (bit hard to see lol)
Under the RN750 I stepped in & had a discretionary try
grabbing a quick +10p scalp as my only trade today, well so far
S/L was set at BE

This risky trade shows just how vulnerable my scalping can be during market ‘mayhem’ days

After closing the quick trade, price flipped straight back from that prior george (15m) swing candle target line
and during the one minute candle where I actually closed (ffs)

GJ is too damn dangerous for me today imho

And has already done its ADR, so any further pips breaking up past the current high above at 191.200
would suggest a grinder could be in play, who knows, it all might all be over now (though NY lol, what then)

I’ll have a brief look later at GUSD in the hour after the London open,
while GU price is sitting & squatting now around the BRN00
Where to next, will have to wait and see what they show us


YEN, well be careful imo folks, the larger yen based markets are on the hunt today, I reckon
(and maybe tomorrow also)

I may not get to 15p today while bolder traders will be having a ball, but that is just not me

Trade safe & trade well, it’s a minefield out there

.
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  • #10,250
  • Mar 19, 2024 3:27am Mar 19, 2024 3:27am
US Dollar strong today at present (against GBP & EUR)

My day may be all over at this point.
See what the next "half to one hour" brings.

Good fortunes to all

.
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  • #10,251
  • Mar 19, 2024 5:34pm Mar 19, 2024 5:34pm
Quoting TimeTells
And has already done its ADR, so any further pips breaking up past the current high above at 191.200 would suggest a grinder could be in play,
who knows, it all might all be over now (though NY lol, what then) {image}

Who ever knows lol.

But a Grinder it was
on GJ yesterday (256 pips on my chart in Full, London around +118 pips, then NY about the same +120 pips ),
and all after the kerfuffle about BoJ RAISING interest rates for the first time in however long

The BoJ had been mulling, and contemplating, and considering, ..... and all those other words they might use hahahaa
so NOW they've raised
and the YEN went into a days freefall

NOT unexpected I guess really, when we contemplate how markets operate and why most retailers (could) end up in the minus 95% club.

Markets look based in the short-term, imho, on the aggregations and who (and how many) might be "trapped' at any point in time trading in the wrong direction.
Then the market can reverse afterwards (after the short-term aggregation cleanup).

The larger market will take what it can when it can, imo.

Trade it safe folks.


The "Grinder", on the BoJ rate increase day, as I just saw it then when waking up this morning
.
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  • #10,252
  • Mar 19, 2024 6:28pm Mar 19, 2024 6:28pm
And all before

Yet ANOTHER

Bank Holiday in Japan today

You couldn't make this stuff up

  • #10,253
  • Mar 19, 2024 10:14pm Mar 19, 2024 10:14pm
heres my bit

booksmart & streetsmart together not separate. therfor FA !or! TA alone is faulty or dead knowledge. real FA is not about guesses or trades. it bout where to put money not wher 2 bet it. people come b4 markets. the argument of algos true or not is therfor pointles. algos dont make algos. many market participants feed on !im a scalper or swing trader! viewpoint. market conditions are always ripe 4 action. grinder good eg. if u cant trade it then do better. below good eg wih pivots

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coincidence dont exist. only in ur head. most persons never access most categories of life so persons ignorant of most things.

levels can & DO change. traders dont gestate chart action & weak or strong anything. fables told so many times it now !cliche! but never been true. go look at other areas of fin markets that dont alow !retail trading! to try understand the folly of bad theory. if u use view based on wot hasnt happend b4 then u ready. O.
protein for breakfast !
  • #10,254
  • Mar 19, 2024 10:15pm Mar 19, 2024 10:15pm
maybe wise 2 research japan more.
protein for breakfast !
  • #10,255
  • Mar 19, 2024 10:27pm Mar 19, 2024 10:27pm
For Oochi and others, just my tuppence worth

FORGET the levels


Many folks will think levels are magic movers of price
Untrue (in my experience)

Money, trades, liquidity INFLUX moves price


We are maybe best to focus on what the market DOES (retail AND larger)
in & around them (levels)

All the best
  • #10,256
  • Mar 20, 2024 4:55am Mar 20, 2024 4:55am
Quoting TimeTells
For Oochi and others, just my tuppence worth FORGET the levels Many folks will think levels are magic movers of price Untrue (in my experience) Money, trades, liquidity INFLUX moves price We are maybe best to focus on what the market DOES (retail AND larger) in & around them (levels) All the best
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BOJ opened the floodgates and panic set in, London Open swept up all the Sell Orders , the "grinding" (Profit taking by Tokyo traders).
It never gets easier, you just get better
  • #10,257
  • Edited 6:06am Mar 20, 2024 5:39am | Edited 6:06am
Quoting oochiwaawaa
heres my bit booksmart & streetsmart together not separate. therfor FA !or! TA alone is faulty or dead knowledge. real FA is not about guesses or trades. it bout where to put money not wher 2 bet it. people come b4 markets. the argument of algos true or not is therfor pointles. algos dont make algos. many market participants feed on !im a scalper or swing trader! viewpoint. market conditions are always ripe 4 action. grinder good eg. if u cant trade it then do better. below good eg wih pivots {image} coincidence dont exist. only in ur head. most...
do we know each other?

PS how difficult is to fake grammar errors?
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #10,258
  • Edited 6:51am Mar 20, 2024 6:38am | Edited 6:51am
Quoting TimeTells
For Oochi and others, just my tuppence worth FORGET the levels Many folks will think levels are magic movers of price Untrue (in my experience) Money, trades, liquidity INFLUX moves price We are maybe best to focus on what the market DOES (retail AND larger) in & around them (levels) All the best
Been saying that for ages but you can bet some one will turn up to say otherwise.
every Saint has a past. Every Sinner has a Future
  • #10,259
  • Mar 20, 2024 6:51am Mar 20, 2024 6:51am
Warning - Hindsight chart coming up.
Not trading today - hospital appointments coming up.
Last two verticals in lower box are losing macd crosses. I should have noticed consolidation forming by looking left and WAITING
I would have suffered only one loss (long) - target 8225 the last high.
Enjoy your day folks
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every Saint has a past. Every Sinner has a Future
  • #10,260
  • Mar 20, 2024 6:53am Mar 20, 2024 6:53am
Quoting fxpider
{quote} My go-to cake. Cherry-filling black forest. Yumm! Yumm! {image}
How much do you weigh you bad man
every Saint has a past. Every Sinner has a Future
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