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Flying Dutchman

  • #2,101
  • Jul 7, 2022 12:09am Jul 7, 2022 12:09am
Quoting bluesteele
only to pass on what legitimately works as our time is precious...the best indicators are your brain and eyeballs.
Blue, believe it or not helping people is unbeatable.... and it ties in with your own success and happiness so keep doing what your doing, sharing what you share . Dont know how many times I have said it, brain and eyeballs so important . Like you, time for some , US session is near.
Swing the AXE..HARD w/ Effort, Consistency and Patience
  • #2,102
  • Edited 3:19am Jul 7, 2022 1:27am | Edited 3:19am
Quoting Pumi
If anyone can't see what you have shown us so far then perhaps they should consider to dump trading and look for something else. I think you have shown us more than enough.
Quoting Frag8383
Thanks all of you that have been helping others, thinks are very clear now. Really appreciate your effort and time spent explaining things kind regards
Hi Pumi & Frag, thanks.

I want to clarify one important matter, that's the current topic of discussion, ie. eyeballs and brain.

Use full eyeballs and brain power when you're in research mode. Now that you know, when trading live market the brain turn into zombie brain - no more research thinking except follow to the letter. Cheers.
Know what you trade
  • #2,103
  • Jul 7, 2022 2:27am Jul 7, 2022 2:27am
Quoting bluesteele
Market Mechanics....All you ever need to know regarding market mechanics can be extrapolated of these charts I am sharing. Look at the 5M chart of UJ yesterday July 6... Pay attention if you like July 6 Asia immediately takes out prev day lo July 5,, July 6 UK then takes out Asias new low.... July 6 US then takes out UK low at..wait for it a BRN 135 and picture perfect PFL with a DB. Where does the US go right back up to also take out the Asia/and day high... BOOM WHERE AT ???? A BRN 136.... 25s 50s 75s 100s..... just another coincidence...
Terrific post Kev
Thanks for taking the time.
  • #2,104
  • Jul 7, 2022 1:37pm Jul 7, 2022 1:37pm
Quoting BWilliam
{quote} {quote} Hi Pumi & Frag, thanks. I want to clarify one important matter, that's the current topic of discussion, ie. eyeballs and brain. Use full eyeballs and brain power when you're in research mode. Now that you know, when trading live market the brain turn into zombie brain - no more research thinking except follow to the letter. Cheers.
BW the method you employ makes perfect sense. It's the valuation of an asset at that specific time. There's no trend illusion. One can use numbers/values and trade without charts.
  • #2,105
  • Edited 9:26pm Jul 7, 2022 6:03pm | Edited 9:26pm
Quoting Pumi
BW the method you employ makes perfect sense. It's the valuation of an asset at that specific time. There's no trend illusion. One can use numbers/values and trade without charts.
Hi Pumi, it offended people when I wrote last year in moodybot's real or algo thread that technical analysis as we know it can't tell what's going to happen in today's intraday market. Members are certain no one can predict the future. Yet they don't realise there's a contradiction.

I asked if your favourite "indicator" can't tell about today, how can it tell about the next 4hrs, 1hr, 5m or 1m? How can peoples' strategy tell about the next minute but not tell about the next 5m, 1h, 4h, day, week, month? If the trader believe the future can't be predicted, how can he/she predict the next 1m price if he's a scalper, predict the next 4hrs if he's a intraday swing trader, predict the next day if he's a intraweek swing trader? Make up your mind, can predict or not?

Trading financial markets means the trader predicts whatever timeframe he believe his prediction holds up. That's why our core belief about what's predictable forms our trading phylosophy. And FEAR of being wrong limits our individual belief. Traders don't realise how deep fear plays the role in forming our belief - market is a dangerous place learnt from experienced traders.

I referenced a long post in response to Bilal last year addressing this fear. When I read FF members post, I read fear. When I see FF members chart I see fear. When I see FF members trades I see fear. When I read FF members advice I read fear. When I read quarrels I read fear. Fear is everywhere on FF. This can't be done... , don't do this and that. Fear talk on FF.

Consider the question I ask in the 2nd para.

I wrote earlier, don't let someone else give you his understanding about market structure. Don't let someone else tell you how to watch the chart.

More important, I meant don't let someone else give his fear to you. I leave you with this post. Cheers

Edit1 - it's not fear that I wrote don't trade spike, there's a math reason to it. I wrote don't scalp because you tend to miss the big picture. I wrote don't trade for a living because you take on a huge responsibility. Don't trade, it cost you your life.

Edit2 - even if the trader becomes an expert trader, he still pay a high cost. Not the cost of commission, spread, slippage, swap or your trading station. The cost of time. Have you counted the time wasted on your trading activities including reading FF? How much time does it cost to trade your strategy? Or you count only the $$$?
Know what you trade
  • #2,106
  • Jul 7, 2022 6:34pm Jul 7, 2022 6:34pm
Quoting ryuryu
{quote} This is how my trading bot looks like: {image} This is dashboard to check all 50x assets to trade: {image} I have created em myself and I'm using live real volume data for my trading. And you. You are using DRAWING TOOLS. And you know how market works, and I don't. Ok, why not. I'm sure you are absolutely right. Keep drawing!
Hello girl girl,
I am planning to start a new challenge with FTMO and trade strictly BTCUSD, would love to invite you to join me on this journey. I promise not to draw lines.
btw your singlish is horrible.
  • #2,107
  • Jul 7, 2022 6:50pm Jul 7, 2022 6:50pm
Quoting mixedbags
{quote} Hello girl girl, I am planning to start a new challenge with FTMO and trade strictly BTCUSD, would love to invite you to join me on this journey. I promise not to draw lines. btw your singlish is horrible.
You’ll be listening to crickets on that one.
  • #2,108
  • Jul 7, 2022 6:52pm Jul 7, 2022 6:52pm
Quoting BWilliam
{quote} Hi Pumi, it offended people when I wrote last year in moodybot's real or algo thread that technical analysis as we know it can't tell what's going to happen in today's intraday market. Members are certain no one can predict the future. Yet they don't realise there's a contradiction. I asked if your favourite "indicator" can't tell about today, how can it tell about the next 4hrs, 1hr, 5m or 1m? How can peoples' strategy tell about the next minute but not tell about the next 5m, 1h, 4h, day, week, month? If the trader believe the future can't...
Am pleased you’re still posting J, thought provoking as always.
  • #2,109
  • Jul 8, 2022 1:44am Jul 8, 2022 1:44am
Quoting Pumi
{quote} BW the method you employ makes perfect sense. It's the valuation of an asset at that specific time. There's no trend illusion. One can use numbers/values and trade without charts.
Is the valuation (fair value) different for different TF's...?!
  • #2,110
  • Jul 8, 2022 4:35am Jul 8, 2022 4:35am
Quoting bluesteele
I trade indices...mostly...before that I always traded Yen pairs especially GJ. Anyways have been dipping back into the Yen pairs when opportunity is there and I see it. So heres a few trades...yesterday netted over 400pips...GJ was a trade I held to the BRN 162 but look at my charts...see the 3 levels of rise ..3 levels of fall...3 days 3 levels 3 15M pushes... As I and Moodybot have said pay attention to the 3s...Its part of the market mechanics. Where was this trade taken from well a rejection of the 165 level...I sold on the intial formation...
Hi Bluesteele,

I read ur post a few times trying to understand the 3 levels u mentioned. As u said it happens quite often and i was having a look at GBP/JPY and the setup looked very similar. I was quite late for the entry but kind of knew where the price was heading. The price rejected the Weekly Open, Previous Day High and Daily Open. (where the best entry was). It showed that price was heading downwards. The target was previous day open which was also near the RN 162 which eventually got taken out. I don't know if it was a good setup or not but it looked similar to what you had shown on ur chart. 3 level rise and RN. It did work out though. If u get a chance do have a look and also if u could explain what PFH stands for and a bit more detail on how to spot them and how it works. Once again thanks for your contributions.

Happy Trading All
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-M15.png Size: 36 KB
  • #2,111
  • Jul 8, 2022 5:29am Jul 8, 2022 5:29am
Quoting Ihlas
EU target of interest is yesterday's High
Hey man!
Based on your track record, I immediately began to buy like a madman! (demo)
So far it ended in tears (but we never know what the NFP circus might bring..)

Has your opinion changed by this selling or do you only look at the higher TF's (weekly and monthly)
  • #2,112
  • Edited 6:07am Jul 8, 2022 5:46am | Edited 6:07am
Quoting Onra
{quote} Hey man! Based on your track record, I immediately began to buy like a madman! (demo) So far it ended in tears (but we never know what the NFP circus might bring..) Has your opinion changed by this selling or do you only look at the higher TF's (weekly and monthly)
Hi Onra,
Yes that's the target of interest. No change, when target of interest is formed it's better to buy/sell at the weekly close (You need to find the context within this weekly close (real context or assumption than somebody thinks true)) . I think weekly timeframe is enough. As I said before EU will make new LL. Why because it was target of interest formed. In fact that's easy to find targets that aren't being aimed straightly, but one needs research. Also it's same situation as I said about EU LL. When you walk on a muddy road, you left the footprint. It's the same situation what I do, I just follow the . Weekly close is one destination
  • #2,113
  • Jul 8, 2022 5:51am Jul 8, 2022 5:51am
Its amazing if MM Algo Math always play the player in its programable code. His market structure is a 'trap' (illusion) for us and I blindly follow the structure with my 1st degree thinking (un-aware).

While at all time,
this hidden Algo math code also reading my thinking level and other traders at the same time
while we, as street trader (in different style) are make 'un-educated' educated guess about which target will taken first ?

If MM Algo always play the player, so we must ADAPT/ADJUST our understanding on next level at least at the same 'programable thinking' level WITH the Algo. This imply that we not need to play the player again, BUT we play and THINK WITH this hidden Algo math code.Maybe

What the Algo math code in a simple formula.
Eucledian or epsilon theory.
Rieman Zeta function

In this manner, we better learn to become the Algo itself. If possible

Sir BW show the POINTER, but with caution. FOLOW NO-ONE
Slowlly realize that FOLLOW NO-ONE is an EDGE itself.
Great edge

Just rambling
I must get my conformity bias out

You GANG here seems have different environment than me.
Too much edit here with bad art on google translate
Pardon to boring again

Flying Dutchman Rock

safe the pips

there are only 2 possible targets(50% odds)
no need overthink
Thanks BW AND ALL
  • #2,114
  • Edited 6:50am Jul 8, 2022 6:38am | Edited 6:50am
No ONE way to trade the markets, and no ONE way is best.

Trade in one direction, trade in both directions, maybe NO trade at all some day

Each to their own, always

All done for the day, now rest

I did take more trades myself, but include two of what I saw as the more obvious (imho), and only in the way that I might see the markets play out.

This is not trade recommendation.

This is to maybe consider markets are well organised (see inflection left to the inflection right - almost SAME level, why, just luck ?)


trade well, trade safe, I believe we live in stranger times than before

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 pretty much the same each day.png Size: 15 KB
  • #2,115
  • Jul 8, 2022 4:55pm Jul 8, 2022 4:55pm
Quoting deanyakobs
Its amazing if MM Algo Math
Let's compare "average" trader with "algo" trader

one entry one exit | manymany entries manymany exist
poor or no MM | auto MM
drawing tools used | all the data available used
higher TFs | as low as possible, as fast as possible


Okay, one question. You all are using "daily open". And you all are drawing it as a line and bring some magic around it. But you all trade London or NY. So my stupid Q is:
Have you EVER checked the volume traded BEFORE (to see where stops are) you start your amazing trading journey?

p.s. waiting for TimeTells (in his manner) to tell me that it is not important but lines on historical charts are very important. Yeah. I know the answer.

Quoting whitesta
{quote} Hi Bluesteele, I read ur post a few times trying to understand the 3 levels u mentioned.
You will never understand it. Because it is purest lie, scam and bullshit. There are no "strategy" around. He will say another bullshit next day. He can explain every historical chart every time with new "insights".

Quoting TimeTells
Trade in one direction, trade in both directions, maybe NO trade at all some day
Great advice!

Quoting TimeTells
maybe NO trade at all some day
Why? Because drawing tools are not available today?
Observer effect
  • #2,116
  • Edited 5:52pm Jul 8, 2022 5:12pm | Edited 5:52pm
Quoting ryuryu
{quote} Let's compare "average" trader with "algo" trader one entry one exit | manymany entries manymany exist poor or no MM | auto MM drawing tools used | all the data available used higher TFs | as low as possible, as fast as possible Okay, one question. You all are using "daily open". And you all are drawing it as a line and bring some magic around it. But you all trade London or NY. So my stupid Q is: Have you EVER checked the volume traded BEFORE (to see where stops are) you start your amazing trading journey? p.s. waiting for TimeTells (in...

The only volume that traders need to know about is that I let you post on my thread.

And when I try to post on yours......

Sorry Moodybot, you do not have the credentials.... blah blah to post on this thread.

That speaks volumes.

You are irrelevant Rudy.
  • #2,117
  • Jul 8, 2022 6:17pm Jul 8, 2022 6:17pm
Quoting ryuryu
Okay, one question. You all are using "daily open". And you all are drawing it as a line and bring some magic around it. But you all trade London or NY. So my stupid Q is: Have you EVER checked the volume traded BEFORE (to see where stops are) you start your amazing trading journey?

Great advice! {quote} Why? Because drawing tools are not available today?
Hi ryuryu, there are no stupid question. It's just your questions like any other.

I don't subscribe to stop hunt narrative. I don't believe that markets move price up and down to hunt stops. I don't know if it's true or not, maybe it is. But it's not in my mind, not aware about this narrative until I read FF. Btw, I don't watch YouTube videos.

I use dol as a marker to tell me whether market value the currency pair higher or lower compared to the Open. I track market mostly on the m15 chart, so at Frankfurt open and beyond I can't see what's the daily open price. I could use M-candles but I don't want to colour the chart with the daily candle, it looks messy, I prefer a clean chart with one line as a marker, ie. dol. I can't use M-candles on my phone so I draw a horizontal line.

About your question no trade at all.

This is my opinion. We trade when there's an edge to trade. I don't agree every top and bottom of any timeframe which we see on our chart offers the edge. To me, there's usually only 1 or 2 spots on the m15 chart that the edge sit for an intraday swing trader who make 1 trade a day. Until price arrive at this spot, there's no reason to open trade or watch the market. Ofc there are more spots on the 1m chart for scalpers to trade. But not every and any top and bottom offers an edge.

Some days there's no spot on the chart that give this edge to trade for one currency pair. So I track a few currency pairs to check for this spot. And I compare my selected pairs to judge which offers the clearest and reliable spot.

I don't trade buy and sell in the same current market. However, I could place a trade in the opposite direction, say 8 to 12 hours later.

I trade with a fix stop loss and when I'm wrong take the loss. And wait for the next spot, could be on another currency pair. Waiting for one spot to arrive can take a long time, at anytime of the day. So I track price on my phone giving it an occasional glance. I could use the price alert but I'm too lazy to activate it.

I'm a very lazy trader, that's why I aim to make 1 trade a day. Some weeks, when I feel super lazy, I aim to make one trade a week. The more years I trade I turn to be more lazy.

I know your questions were directed at TimeTells but I just give you my take. Cheers.
Know what you trade
  • #2,118
  • Jul 8, 2022 6:21pm Jul 8, 2022 6:21pm
Quoting ryuryu
{quote} Let's compare "average" trader with "algo" trader one entry one exit | manymany entries manymany exist poor or no MM | auto MM drawing tools used | all the data available used higher TFs | as low as possible, as fast as possible Okay, one question. You all are using "daily open". And you all are drawing it as a line and bring some magic around it. But you all trade London or NY. So my stupid Q is: Have you EVER checked the volume traded BEFORE (to see where stops are) you start your amazing trading journey? p.s. waiting for TimeTells (in...

Your truly an ignorant "bounded" fool...why waste words on a noob trader gambler like you... Says alot about Rick hanging with the likes of you...and anyone else for that matter.

Have a great weekend to all and please ignore the site clown Ryuryu... Kids a mess.

Cheers
Blue
Master your Mind,,,Master the Market
  • #2,119
  • Jul 8, 2022 6:37pm Jul 8, 2022 6:37pm
Quoting ryuryu
{quote}
maybe NO trade at all some day
Why? Because drawing tools are not available today?

Hi ryu,

Hahaaa. Again you present to Dutchy your ...

One Greatest Skill imho

Your ...

Lack Of Any Deep & Critical Thinking


Maybe a "NO trade day" is when the trader is out spending their winnings on themseleves or the ones they love and enjoying their life
and, not stuck in their ryu basement waiting ever so patiently for some bell to ring saying "hello ryu" some money is now available in your small crypto window


Your lack of any deep & crtitical thinking ryu is what George asked traders NOT to be, he recommended that a trader be Boundless.

It was a huge day of trading yesterday on GJ
(Kev had texted me early in Asia just when I had grabbed a quick 10p starter ----
at Kev's excellent horizontal line placement suggestions to all on Dutchy ... at the .750 RN.

You see ryu that line is actually at A PRICE
(this is not such a big concept for you to eventually grasp).

All the rest of amazing trading happened after the very sad & disgraceful incident of the day in Japan. Condolences to all who are close. It was shocking.



But ryu, this fine (& sunny) Saturday morning in Brizzie it is ....
good to see you back on Dutchy
(even if just with more of your "childish nonsense" again ... )


NOW
Do you have the data please, it was such a simple question to you.

Please tell me there WAS at least ONE opportunity .... with four perfect setups on Eth over that full eight hour period ... for me to trade.
See again the question posted to you below

Quoting TimeTells
{quote}
Part 3 ryu
Do you have that liquidity data ryu ?

If there was no chance for me to trade, I will accept now, with complete understandings, the FULL nature of your crypto trading
  • #2,120
  • Jul 8, 2022 6:42pm Jul 8, 2022 6:42pm
Quoting BWilliam
{quote}
I know your questions were directed at TimeTells but I just give you my take. Cheers.

No problems at all Jason, I always respect and read your offerings to us folks here on Dutchy.
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