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Flying Dutchman

Quoting turnip15
{quote} Great stuff TT. Lots of tips on your chart for an attentive and patient trader. And have a great day out - if you're taking the wife then remember to take your wallet
Talking about taking the wallet to the shops .....................

Inserted Video
The Only Limit, is the One that you Set Yourself - Felix Baumgartner
Quoting Shabs19
{quote}
Talking about taking the wallet to the shops ..................... https://www.youtube.com/watch?v=JHVLB_cNZyQ

lateral thinking at its finest
Quoting JesseNguyen
Hiiiii, This is my first time learning and understanding waveforms, there will definitely be many mistakes,
I look forward to receiving comments from the masters
Congratulations!
Jesse, {image}

Hi Jesse,

Waveforms are outside my trading style comfort zone so I cannot help or offer any skilled opinions sorry.

I tried & looked & examined, but in the end wondered what more was I trying to achieve.
(for me it was a bit like the Pareto principle, if what you do works say 80% what am I expecting for myself from the extra 20%, knowledge?, money? who knows)
Each to their own.

I was all over target trading which george showed in his thread.

George then examined very deeply his own understanding of wave cycles which he presented in this thread below ,
if you are interested in doing some light reading over the weekend .

https://www.forexfactory.com/thread/...family-members?

Again, others will have more input of value on this topic than I could

all the best
Hello traders,
Iīve been lurking for a while and since TT expressed his wish to see other traders charts and hear their opinions, I will take the opportunity to post a chart of mine and give my 2 cents.
I hope it can be useful for some other traders out there.
First I would like to start with a little bit of the logic behind trading.
Trading is one of the oldest activities known to mankind, it has been around since we walk on the earth surface.
Intrinsic to trading is the agreement on value of the subject to be traded.
Trading do not have to be complicated or remind some kind of esoteric, some say that digital trading has become the astrology for the middle aged man. It doens`t have to be so.
Following this logic I believe that there are some pretty simple things to be taken on account when you decide to put your money on risk.
- How much time are you willing to invest in trading
- How much money are you willing to lose on a trade
- At what price are you willing to buy and at what price are you willing to sell
- Where is price at the moment of your deal
Those are all pretty obvious questions but that a lot of traders seem to forget when looking at the screens and waiting for indicator Y align with indicator X on the ascendent omega....
Thatīs my 2 cents on what we do. Below one of my charts.
Have a nice weekend everyone.
Cheers.
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Quoting TimeTells
Yes, OK, I know, another chart hahaaa But we can always look from a different perspecitive. An observation/assesssment chart and not a trade chart. Splitting the swings up mathematically, but with my only real fascination here at the 50%. In my view its still all market mechanics and what may be happening inside the coffers of those that can move such things. . . {image}
The power of those mathematical levels works well with BWilliam's Demarcation Line, CrucialPoint's Buy and Sell hemisphere, and Paul Scott's Levels. You just have to align them correctly and recalibrate when necessary. Those levels are like a magnet (ground zero and targets).
Quoting Pumi
{quote}
The power of those mathematical levels works well with BWilliam's Demarcation Line, CrucialPoint's Buy and Sell hemisphere, and Paul Scott's Levels. You just have to align them correctly and recalibrate when necessary. Those levels are like a magnet (ground zero and targets).

Cheers Pumi,
Maths
MidPoints
Stations
And more

All roads will lead home at some point imho
I have posted two charts below, of the same day & timeframe, showing how different traders might trade the same market but from different views.
I always like to post also that I believe there is no just ONE way to trade our markets or one way that is BEST.

Lol, I have posted straight now for over a month hahaa and the other day offered an alternative chart view via a 50% swing midpoint and I encourage traders to show or post their own chart views whatever they are and whenever they want.

That then takes some pressure off me and I will always take note of what other traders are showing on charts with interest.


Now I will say that some posters on some threads that I have seen in the past might suggest traders are blind if they don’t examine a chart in only that persons own way of seeing the market. That type of posting is quite unnecessary imo, and at times inflammatory, when all we really need to do is say “hey, here’s what I see”.


Thank you for your post Pumi and also a reference to what other traders have shown on FF & the internet over the course of time. Good to see you post here.
Maybe one day next week, not a requirement, you might post a chart at your time & availabilty with some example of your referenced maths lines
I could then compare them to what I see on my own chart view for interest.

You could choose any pair or indicie of your choice, will not matter, no probs.
I am always enjoying how others see the market.
Not necessarily seeing how they trade the market, but what they see on a chart

All the best pal
Pete
(off to bed now, 10.30pm hahaa )

.
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Quoting TimeTells
{quote} ....Now I will say that some posters on some threads that I have seen in the past might suggest traders are blind if they don’t examine a chart in only that persons own way of seeing the market. That type of posting is quite unnecessary imo, and at times inflammatory, when all we really need to do is say “hey, here’s what I see”. Thank you for your post Pumi and also a reference to what other traders have shown on FF & the internet over the course of time. Good to see you post here. Maybe one day next week, not a requirement, you might post...
After reading your post I got the feelling I have to apologize for my choice of words and the way I expressed myself in my last post, it wasnīt my intention to make an arrogant impression. It may have come across the wrong way. I believe you are right and a more explanatory chart would be much more appropriate.
The way "I" see how markets work is very simple, I do believe price is king and in order to better manage my risk I like to look at "areas of interest" aka price areas. For example: if an instrument, letīs say Gold, made a new high it tells me that although price is trending high Iīm not willing to buy so high because Iīm intending to sell it in the short term, so Iīll be looking for opportunities BELOW that price. Iīll be looking for how price is moving...10 points increments? 20?25? in what timeframe are they moving? 10 points in 10 minutes? and so on..doing so is my way to gauge the market looking for opportunities to make a deal. Thatīs what I meant.
Below the same chart with some explanatory details.
Cheers.
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Quoting Rednose
{quote} After reading your post I got the feelling I have to apologize for my choice of words and the way I expressed myself in my last post, it wasnīt my intention to make an arrogant impression. It may have come across the wrong way. I believe you are right and a more explanatory chart would be much more appropriate. The way "I" see how markets work is very simple, I do believe price is king and in order to better manage my risk I like to look at "areas of interest" aka price areas. For example: if an instrument, letīs say Gold, made a new high...

Hi Red,

No, mate not your post that I had referenced.
But you are reflecting on what you write, which is always great in my eyes.

And I thought your part of your post was right on the money as well, if this is the part you meant

"Following this logic I believe that there are some pretty simple things to be taken on account when you decide to put your money on risk.
- How much time are you willing to invest in trading
- How much money are you willing to lose on a trade
- At what price are you willing to buy and at what price are you willing to sell
- Where is price at the moment of your deal
Those are all pretty obvious questions but that a lot of traders seem to forget when looking at the screens and waiting for indicator Y align with indicator X on the ascendent omega....
Thatīs my 2 cents on what we do. Below one of my charts."

Good advice
And you didn't say how your suggestions to DO things re time, price & money were to be done only in your particular way of doing. So no probs from me.
Keep posting, I like the simplicity of your charts also.
Interesting to see where sessions levels close and how market respects them.

Note PDH taken out as well as the LOD at end of days' play.


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The Only Limit, is the One that you Set Yourself - Felix Baumgartner
Talking about simplicity.

The picture of an old steam powered locomotive comes to my mind when I remember the days when I started trading and was trying what felt like a different system every week. Shoving coal, check the pressure, watch the speed, read the signs....keep all at balance all the time...very stressful. That wasnīt for me.
I also started paying attention to what do colors do to me..what do green means in psychology, or red...Thatīs the reason of my simple charts. They help me stay focused.

Have a beautiful weekend you all.
Hello you all and a blessed week for you,
Just passing by to share the development of Gold so far today. Paying attention to the details(areas of interest, past important levels and PA) can take us a long way. The simple logic can help clear the mind and make trading stressless. I hope you guys are having a green monday.
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Quoting Rednose
Hello you all and a blessed week for you, Just passing by to share the development of Gold so far today. Paying attention to the details(areas of interest, past important levels and PA) can take us a long way. The simple logic can help clear the mind and make trading stressless. I hope you guys are having a green monday. {image}
Levels Levels Levels......

Timings/Levels/Behaviour of Price

Thx for sharing your charts Rednose.


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The Best Loser Wins
GJ currently reminds me of Crude last week... similar formation

Let the charts speak....

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The Best Loser Wins
Timings Levels Behaviour of Price .........

Three basic building blocks......... that encompasses all from A-Z... Just depends how you categorize or fit it in

Markets do not matter as chart is a chart is a chart... Take away the X&Y axis and one can not discern what that chart may be.

A chart is nothing more than a rational representation of normal human behaviour.

Heres a few samplings of misc charts in various markets. Simply highlighting basic levels of importance.

Levels=Areas of Possible Opportunity
SoyBeans
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Soybean Meal
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NQ
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ES
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NG
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6B1 Pound futures
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Treasury Bonds

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Platinum
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Point of these charts is they are all different markets yet they react the same to these basic levels..
Market Generated Information... MGI Nothing ambiguous about these Market set levels.. No squigglies no angles..Just simple
lines in the sand that the market gives us all everyday... But no matter what the level is more is needed (obviously) to trade
from them/to them/at them etc........

Timing Levels Behaviour of Price.... So we have Levels...the more is needed comes in the form of Timing and Behaviour of Price ..

TBC

Blue
The Best Loser Wins
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The Best Loser Wins
Those are great observations and clear chart Blue. Organized and ready to go.
I do believe another important detail to pay attention to is how many digits the broker we use display on the charts, the more digits behind the comma the more susceptible to artificial"volatility"/manipulation the instrument is. I donīt like the idea of risking hundreds on a 1 cent move..Maybe is just me. I would like to hear some opinions about it.
Green Tuesday everyone.
Quoting bluesteele
{quote} Levels Levels Levels...... Timings/Levels/Behaviour of Price {image}
Spot on

The Only Limit, is the One that you Set Yourself - Felix Baumgartner
Last day of the fx trading month today, and what a well constructed month August was

Trade safe, trade well all


.
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Quoting Pumi
{quote} The power of those mathematical levels works well with BWilliam's Demarcation Line, CrucialPoint's Buy and Sell hemisphere, and Paul Scott's Levels. You just have to align them correctly and recalibrate when necessary. Those levels are like a magnet (ground zero and targets).
Pumi, have you learned from Paul Scott? I've watched some of his interviews, and he seems to say some good stuff then goes on an anti TA rant when he himself uses TA - chart based levels. He's not short term though.
Quoting FocusWinReal
{quote} Pumi, have you learned from Paul Scott? I've watched some of his interviews, and he seems to say some good stuff then goes on an anti TA rant when he himself uses TA - chart based levels. He's not short term though.
Howzit FocusWinReal!

Yes, it was more of a confirmation and reinforcing what others said and what I learned from them (as George said there is no such thing as a trend and what BW and CP introduced to us, here). I detoxed all the other garbage. From a given point price can only move up or down, from one point to another.

I think he used the charts because it is a much better way of presenting something, visually. If he were to present numbers (price) without a chart many would be lost. Note, his focus is more on the right - Price. Some pro traders say TA is for analyst presentations.

"He's not short term though" - Price can move from one level to another on the same day, week, etcetera or it can take longer.
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