Let's go catch a Whale

The purpose of this thread is to " catch a Whale "

There has been a lot of talk about the London Whale in the papers here in England.

But you dont catch a Whale by reading the papers.

you have read the book and seen the film,< Mr Peck >

you as a little trader,are in a little boat < margin >

where do we hunt the Whales ?

if we look at Gold we can see a Whale feeding

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LUNCH

from top to bottom a trade like that should feed the family for a month, never mind just lunch!

To find a Whale,you must think like a Whale

as Whales are big,i will start by looking at the big time frames

and throw out a few trendlines,looking for support and resistance

keeping it very simple

hi christian c

have you heard of the term Whales ?

if so what do you know about them ?

I like "systems" based on price action!

Look with interest!

as you know,you need 2 pivots to draw a trendline,

in this example,i used the opening gap as the first pivot,it seems to catch the

price action quite well,

from what little i known about Whales,gaps seem to intrest them

As you see from these charts,the key to me is not finding where the price will
reverse,but rather,the space between this second chart,and the one previous

that to me says it all,the small window.

THE SMALL WINDOW

Scalping 400 pips in 24 hrs may feel nice { in your dreams ]

As saying you watch the markets 24 hours a day [ no sleep=no dreams ]

When you find Gartleys,Butterflys,Peacocks and Bats,patterns etc etc

i look for the small window,that tiny space

happy days

quote=pikeliver;5722773]The purpose of this thread is to " catch a Whale "

There has been a lot of talk about the London Whale in the papers here in England.

But you dont catch a Whale by reading the papers.

you have read the book and seen the film,< Mr Peck >

you as a little trader,are in a little boat < margin >

where do we hunt the Whales ?

if we look at Gold we can see a Whale feeding

i like your perspective on the way tou veiw price,point to point,

a freind of mine used to walk down from our local pub to place his bets on the horses,always small pound bets on outsiders,20 to 1 ,or somtimes more,he would have more winners than loosers,i said to him,why dont you increase your bet size,he repleid,when you have a small boat stay close to the shore.

its friday and England are playing

If you have not made your pips by Thursday,forget it

from what little i known of following whales,it seems like the frequency of
this pair has shifted alittle,

I will be exploring "wolf waves" this week,

ps a gap down in this pair would be nice