Hi Pete, your advice "to also refrain yourself from listening to the very NEXT person who comes and tells you that their system is THE way to trading success (even though it MAY actually be)" is timely. Traders in this position are vulnerable to ...

Price action at the core = family members' discussion project

Hi Pete, the conversation was about simple for the average Joe to trade with. I happen to read on a member's shout reference to this CP's post of trading with OHLC. Stirred my mind, why not try this(without candles) for a bit, perhaps screen ...

Flying Dutchman

Hi GEfx, About what you wrote above, this CP post 12 years ago summarise it pretty well, as simple as it can be. url "The key information these chartless Professional traders use are the; Previous High and Low, with its Opening and Closing price ...

Flying Dutchman

Hi Andy, simple, elegant.... Nice call. Somehow people can't believe simple red lines are all we need to trade. No need for unnecessary extra sophistication. I was trying out no candles trading. Lol.

Flying Dutchman

Hi GEfx, a good post about how the financial institutions operate. I fully agree with your concluding comment and that's why I asked the questions because of the misleading representations made about the structure of the financial operation. I feel ...

Flying Dutchman

Hi Pete, 7hours later this is the update of the current price heading into NY session - no "patterns" just price. If the trader had this "day high" bias going into London open, he'll be happy now. If he held the opposite bias it's bad now. So it ...

Flying Dutchman

If we look at EU, GU and bitcoin now(before frankfurt open), according to the "pattern" dictionary, is this the day high ? That's what this retail Forex video game is all about, it's a fun guessing game that many of us are addicted to staring the ...

Flying Dutchman

Hi Pete, Kevin is correct about trading patterns. Most traders use some sort of "indicators", example price action, candlestick pattern, level2 market data and so on that we trust to validate our trade execution. "We see what we want to see". What ...

Flying Dutchman

Lets assume there's no retail forex market, how does the interbank forex market work ? Does the retail market dictate the activity on the interbank forex market? Who is the "center of the universe" in this forex market ? How much of the presumption ...

Flying Dutchman

Good post Blue. You strike the heart of the guessing problem in trading. 50 traders, 50 narratives.

Flying Dutchman

Cheers Pete. Many words are used to describe what we see on our charts - manipulated, staged, controlled.... After GEfx posts, this word popped up - supervised. This interbank Forex market is tightly regulated and supervised - not a free for all ...

Flying Dutchman

Hi Pete, there's reason why I asked that question. And it relates to intent which is the current conversation. Let me post 2 GU charts, the first is Billal's chart in Asia market. url Next at the end of Friday NY close. 2 charts at 2 different ...

Flying Dutchman

Hi Pete, base on these 4 pics, which is more compelling, sell at the top or buy from the bottom?

Flying Dutchman

Borrowed this pic from another thread. See the difference. Forex is full of trickery.

Flying Dutchman

Hi Pete, lets throw in more organisational regularity into that move. Lol. Cheers

Flying Dutchman

The WHY is as I have explained it earlier, the alleged Ukraine bombs gave the market reason to trade quickly towards this lower boundary, then decide that it will not trade below this price this time around - the big boss did not pick up his red ...

Flying Dutchman

Ukraine forces fired some bombs an hour ago. That's not good, things are going south quickly. Gentlemen, don't you think it's better to de-escalate ? Pls

Flying Dutchman

It may be few years late, it's always on the back of my mind what the issue was - it was not told. Now I get the complete picture.

Flying Dutchman

This movie clip tells the behind the scenes operation of the financial market. Peter Sullivan is the math geek who do up the risk assessment report. url

Flying Dutchman

Perhaps an industry insider can tell us the "truth" about the system of cart, horse, cart driver and roads.

Flying Dutchman