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How to read the market

  • #121
  • Mar 26, 2024 11:44pm Mar 26, 2024 11:44pm
PeterCaleb reminds me of Steve Hopwood in some ways. hmmm
  • #122
  • Mar 27, 2024 1:49am Mar 27, 2024 1:49am
I need opinion from the old timers.

In the early 2000's to the big crash in 08, currencies were very vibrant. There was a nice volatility that was not to harsh and not too wishwashy. It was buzzing basically.

Then came the crash and everything started getting bogged down. \Movements became muddy with bubbles of random upheavals. Kinda like a dead marshland full of dead carcasses of mistakes and remedies of the past, half baked, half raw festering stinky goop that erupts bubbles like geezers once in a while. And it is getting worse.

Before, internet financial news and all the wonderful guide/websites/knowhows/forums etc about what now makes our trading world as we know it, didn't exist or was in it's infancy. So came the 'awareness'...the spread of word how to make money...i did this and i made money, so try it...and I found something else and now, as part of our global understanding of what the market is, we, wait in anticipation of the news to make big money.

That is the collective mantra: Analyze the outcome of the next news, find out how to react one way or the other, slam the wager down and collect as much as you can from your smartness of reading the situation because you are in damn good profit. So, basically, news have become bottlenecks of major activity. We pile up behind the tight bottle neck and wait until dam is lifted and pour through like a rabid bunch. Of course there are a whole bunch of stupid traders who who decided to counter trend. They get pummeled over. They are the casualties, they are the loss and so on.

So, a behavioral change somehow has instituted itself in the actions of the mass when it comes to trading.


This sluggishness is part of the make up of the mud. You can't deny the constant stop and go movement of the market nowadays. They are like toll booths. You pay your dues, get on you way to a fantastic road trip...or a um..roadkill. I don't want to claim any conspiracy because I don't know, really Could be accidental and just a result of times we live in.

On the other hand, there is retail and institutional trading and there are of course more mud than I can see.

Just overall, refresh my memory, wasn't it flowing much much smoother those day?
  • #123
  • Mar 27, 2024 2:14am Mar 27, 2024 2:14am
Quoting zalzil123
Trend to be identified before the market starts If I don't know tomorrow's Trend how would I trade It's very important to do your homework and identify the trend before next day trading What's the use of identifying the trend in the middle of the day?
ahaaaa...I see now, you identify the daily trend in advance...that's your secret and you revealed it to everyone for FREE...so nice of you

extrapolating, I assume you also know in advance the weekly, monthly and yearly trends...simply amazing...

everything is crystal clear now...this is the Holy Grail man...

one question though: what happened to that high of the day on USDJPY about you mentioned a few days ago? because it seems that you forgot to follow up on it...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #124
  • Mar 27, 2024 2:18am Mar 27, 2024 2:18am
Quoting bfx17
{quote} ahaaaa...I see now, you identify the daily trend in advance...that's your secret and you revealed it to everyone for FREE...so nice of you extrapolating, I assume you also know in advance the weekly, monthly and yearly trends...simply amazing... everything is crystal clear now...this is the Holy Grail man... one question though: what happened to that high of the day on USDJPY about you mentioned a few days ago? because it seems that you forgot to follow up on it...
Hey, I have an even easier way. Forget the complicated tracking of trends etc. All you have to to is make one choice. UP or DOWN. That simple. Any monkey could do it.
  • #125
  • Mar 27, 2024 2:19am Mar 27, 2024 2:19am
Quoting oochiwaawaa
{quote} can use closes but some instruments show open 2 b more important. i realize how lazy and unmotivated persons are these days but it needs to be said - wen u get outta bed in morning do you leave 1 arm and leg bak in bed? no so why would you break apart !the full situation! and say its !all there! ? so @ ohlc the ATTITUDE but NOT the person ... the attitude of persons in all this SUCKS!!! u cannot persevere in the financial markets if u cut copy paste BS that is outta place or sequence in time and energy. not being cryptic, merely very sensible....
and I welcome PeterCaleb on this thread lol...just do your thing man, I count on you...please post as much of your "wisdom" as you can...just give me some time to grab my popcorn
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #126
  • Mar 27, 2024 2:21am Mar 27, 2024 2:21am
Quoting OutThere
{quote} Hey, I have an even easier way. Forget the complicated tracking of trends etc. All you have to to is make one choice. Up or down. That simple. Any monkey could do it.
I like your idea OutThere...you just brought up another out of the box approach...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #127
  • Mar 27, 2024 3:57am Mar 27, 2024 3:57am
Quoting OutThere
{quote} I try it every day and then I separate the important stuff and leave the trivial things to great thinkers like you. It is called simplifying and is based on K.I.S.S. Helps to keep me happy. Happiness is the most important thing in life.
ok & wen that stops working its time to change & adapt. the attempt 4 happyness can also resemble escapism
protein for breakfast !
  • #128
  • Mar 27, 2024 4:00am Mar 27, 2024 4:00am
Quoting bfx17
{quote} and I welcome PeterCaleb on this thread lol...just do your thing man, I count on you...please post as much of your "wisdom" as you can...just give me some time to grab my popcorn
ur so cute.

Attached Image (click to enlarge)
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protein for breakfast !
  • #129
  • Mar 27, 2024 4:03am Mar 27, 2024 4:03am
let life wipe the smirk off persons faces.

!! i like my odds !!
protein for breakfast !
  • #130
  • Mar 27, 2024 4:06am Mar 27, 2024 4:06am
Quoting oochiwaawaa
{quote} ur so cute. {image}
come on Peter, I have higher expectations from you...bring your big guns and start making a few nice, long posts, so everyone can benefit of your great knowledge...
On ignore list of scammers, deceivers and low IQ individuals. Exclusively
  • #131
  • Mar 27, 2024 5:31am Mar 27, 2024 5:31am
Hi everyone

Just to clarify that this thread is about sharing ideas learning new things.

It's not a fighting or boxing ring where we have a winner and loser.

I said few times if anyone of you have any pair or coin or index that he cannot understand I will be more happy

to analyse it.

Someone mentioned about usdjpy level forget

I will cover everything hopefully today.
  • #132
  • Mar 27, 2024 8:24am Mar 27, 2024 8:24am
ZZ123, I do trade indices as well. What’s your take on DJ30/US30? If you could share your analysis that will be really good too.

I’m starting to see some light at the end of the tunnel. If I look at previous day’s movement, price moved from day’s low to day’s high and closed above the opening daily price, it means it’s uptrend, right? What do I with that information at hand then?
  • #133
  • Mar 27, 2024 10:32am Mar 27, 2024 10:32am
Quoting zalzil123
Tomorrow if you think gold is going up ie it means the trend is up So we must break today's high of 2200 And if you think the trend is down then We must break today's low of 2167.50 Hope everything is very clear As I will start FACT NO 2
What's your plan for inside and outside bars?
  • #134
  • Mar 27, 2024 10:56am Mar 27, 2024 10:56am
Quoting oochiwaawaa
{quote} can use closes but some instruments show open 2 b more important. i realize how lazy and unmotivated persons are these days but it needs to be said - wen u get outta bed in morning do you leave 1 arm and leg bak in bed? no so why would you break apart !the full situation! and say its !all there! ? so @ ohlc the ATTITUDE but NOT the person ... the attitude of persons in all this SUCKS!!! u cannot persevere in the financial markets if u cut copy paste BS that is outta place or sequence in time and energy. not being cryptic, merely very sensible....
IBM, 1980...
I would say nothing changed...
One minor downtrend, one movement back up again.
An example of reverse to the mean; buying and holding for one year wouldn't have made much difference.

So why are you in the market; if you're not looking for profits..?
Or do you just focus on the loss of other participants?
  • #135
  • Mar 27, 2024 12:11pm Mar 27, 2024 12:11pm
Hi, everyone
Anyone can know professionally about the reversal of trend,so kindly explain it in easy way. How market trend change and mostly how much time it take to change their behaviour?
  • #136
  • Mar 27, 2024 3:20pm Mar 27, 2024 3:20pm
Hi everyone

Just want to finish USDJPY first

Then I will come back to every comment of yours.

lets have the monthly UJ chart on the 24/03

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  • #137
  • Mar 27, 2024 3:52pm Mar 27, 2024 3:52pm
Someone is mentioning the trend

You do not need anything

The candles are showing you the trend indirectly

I will show you after I finish USDJPY analysis

You can see the Highest high was 1.5195 (actually it was 1.51944 i made it 1.5195)

Then followed by 151.70 151.91 and 151.86 (22/03 High of the day) which means last week.

Lets see what happened this week
Attached Image (click to enlarge)
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  • #138
  • Mar 27, 2024 3:57pm Mar 27, 2024 3:57pm
This is today 27/03

After that level (1.5195) was hijacked or broken

Immediately we came down around 95 points
Attached Image (click to enlarge)
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  • #139
  • Edited 4:19pm Mar 27, 2024 4:03pm | Edited 4:19pm
I hope everything is clear now.

lets go back to Fact NO2

If the trend is down

Yes what will happen

The pair will go up till it hits the high of the day


Can you see it in the chart

we started upwards till we hit the high of the day clearing all sell stops of the 3 monthly candles

and then ???

Then the pair will start falling till it hits the low of the day

Exactly from 1.51966 all the way to 151.022

I hope you got the point now


Tip for everyone :-

What will happen after the pair formed the high and low of the day???

It should go back to Equilibrium Level

What what level you are talking about ????

Low of 1.5100 high of 1.5200 see how many points and divide by 2

so the pair should head towards the 1.5150 level

Not necessary today maybe tomorrow

Pay attention to the 1.5150 level

Take care
  • #140
  • Mar 27, 2024 4:17pm Mar 27, 2024 4:17pm
If everything is clear about USDJPY

I would like to jump to the DJ30

So give me some time to start the analysis
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