Target at 1.1743/42 was just hit.

Flying Dutchman

Fundamentals determine market structure. TA helps you understand tops and bottoms and the rest of it. Supply and demand is a separate topic.

Flying Dutchman

Hi Pumi, I am familiar with Wyckoff. But the master algo discussed here is not a Composite Man. The master algo is a mathematical menace that controls price action and direction. It is a trickster that sets up traps to confuse you and separate you ...

Flying Dutchman

The delusion of the master algo only serves a purpose if you can trade it. If you are trading it, then I'm happy for you. But if you got trapped in a range last week it wasn't the master algo's fault.

Flying Dutchman

I know a lot of people who were not fooled by the "illusion". But range trading is one of our things.

Flying Dutchman

The algo is intentionally setting up traps? A ranging market is an algo trap?

Flying Dutchman

With all due respect, this is the wrong question for retail forex traders. The important question is, are you in the market during the trip? And really, the key point is, how much of the journey did you trade? Whether you understand the true nature ...

Flying Dutchman

Ok, that target at 1.1810 was taken out earlier today in grinding PA overnight. My target at 1.1760 has been hit and is where the market has ground to a halt, for now. Next target is at 1.1740. You see, finding targets isn't so difficult. Edit: ...

Flying Dutchman

I respect BWilliam's work in picking levels and targets. It is an advanced skill set. It is, however, not a unique skill. Like I mentioned in my post to him, it is important to know where the market is going, once it decides to move. The real super ...

Flying Dutchman

BWilliam, I agree with some of your analysis here, but of course, I am not on Team Algo, which I will address in a minute. Just to compare notes, like you, I was not surprised about the PA on E$ today. Nor was I surprised by PA on the F$, the $Y, ...

Flying Dutchman

First a story with cars. Now lollies? Man, you are on a roll! Keep it going!

Flying Dutchman

That makes perfect sense. Thanks for sharing. I placed the E$ on the shelf this morning due to sluggish behavior, and what seems to be the fact that it is in utter limbo for the time being. It took some doing but I worked the G$ today. It's ...

The brutal truth of day trading

Fti, you are a great man, and God is watching out for you. I have said prayers for you, my friend. Fight the good fight, and stay in touch with us. Bless you!

Technical Analysis Fallacy

I have an agreement with my brokers to make withdrawals once a month, usually 5 figure withdrawals, and they have never say a word. Forex.com and Oanda.

The brutal truth of day trading

???

Flying Dutchman

My experience is exactly the opposite. My brokers moved me to a server with faster execution and lower spreads. Honestly, I have never had a problem with my brokers. But I don't know anything about brokers in Australia.

The brutal truth of day trading

The "illusion" is actually your delusion. But to each his own! If it helps you process what is happening in the market, and process your connection to what is happening, then more power to you. Good trading.

Flying Dutchman

I admire persistence. But, this move launched at exactly the moment the ISM went public. Instead of the move being known before the announcement, the move was anticipated by the market, which set PA at the range extreme ahead of the FA, anticipating ...

Flying Dutchman

The story this morning is pretty simple. In a previous post I suggested the likelihood that the banks would move within a range the first part of the week. They did just that, until today, when... At 5:15 PST, ADP announced a serious miss in US ...

Flying Dutchman

I actually like your analogies and stories, please keep them coming (but I took some motion sickness pills before I read your post today!)

Flying Dutchman