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Flying Dutchman

  • #4,921
  • Jan 31, 2023 3:03am Jan 31, 2023 3:03am
Quoting turnip15
The afternoon on the sp500 was easier than the dax from, this morning. {image}
The Fed rate resolution could be a nightmare for the SP500.
Just follow the trend.
  • #4,922
  • Jan 31, 2023 3:19am Jan 31, 2023 3:19am
Quoting turnip15
Chipping away at the levels Edit: watching a big FVG way off chart on 15 minute chart....sssh....will it matter....just curious stabs, honest {image}
FVG or not ( I don't rely on them but I watch ( I know I often see them when in fact they don't exist or apply) out of the corner of my eye
Price stopped me out of my short and is ranging. Will just watch for now
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every Saint has a past. Every Sinner has a Future
  • #4,923
  • Jan 31, 2023 3:45am Jan 31, 2023 3:45am
Nothing happening for me. Finished for the morning. Dog looking at me - must be walks time

As an aside - had a quick look at the sp500 in UK hours, sometimes it moves okay for a few points. And one could, theoretically, simply trade the Dax Uk morning(London) and afternoon USA time for a couple of hours. Homework for me. Maybe some of you stick to one instrument and play two overlapping zones ?

EDIT: Added chart
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every Saint has a past. Every Sinner has a Future
  • #4,924
  • Jan 31, 2023 4:36am Jan 31, 2023 4:36am
Quoting OAPDave
{quote} Hi TimeTells I would value your opinion on my observations in theses 2 charts, please I view it as the Battle of Buyers v Sellers Or perhaps Market Manipulation ? Enjoy reading your posts as you seem to have an open mind on all thing regarding Trading {image} {image} {image}
Now if you throw in market session opens & ADR and discuss what each session players did, you may get a picture of what's happening.
It never gets easier, you just get better
  • #4,925
  • Jan 31, 2023 5:40am Jan 31, 2023 5:40am
Quoting turnip15
{quote} FVG or not ( I don't rely on them but I watch ( I know I often see them when in fact they don't exist or apply) out of the corner of my eye Price stopped me out of my short and is ranging. Will just watch for now {image}
Yep - simple levels and "Zeppelins" for me TT
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,926
  • Jan 31, 2023 6:43am Jan 31, 2023 6:43am
Hi All,

One trade for me today. Looked like London low was set within first 30 minutes. Bit of accumulation and then a little break out. I entered on the retest of the RN - 160.5 just to be on the safe side. Price raced to the London Open where i had the TP set. Just a 12 pips gain but had decent confluences and bit of momentum. 200EMA was in the way but as i said the momentum was upwards. For me its safe to go for the 1st target which was London Open. RN was very close but i have seen that a number of times, price just turns away from them taking away all the profit. Trade well All.
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  • #4,927
  • Jan 31, 2023 7:17am Jan 31, 2023 7:17am
Quoting fxpider
I have been stalking AUD for the last one week. Today (1st day of the week & 1st session of the day) it came into my zone of play. And, hell yeah I traded this bad boy left, right, and center. Even though I mainly trade AU, based on my analysis of AU, I also traded the AU cross pairs as BY PRODUCTS. {image}{image}
Amazingly, my Pre-week analysis of AUD came out accurate to the pip.
The next step will be to rinse and repeat by keeping the process right.
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Success = Practice + Patience + Persistence
  • #4,928
  • Jan 31, 2023 9:02am Jan 31, 2023 9:02am
Grabbed a few off the pin from previous level now wait for next trade.
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #4,929
  • Jan 31, 2023 9:05am Jan 31, 2023 9:05am
Quoting whitesta
Hi All, One trade for me today. Looked like London low was set within first 30 minutes. Bit of accumulation and then a little break out. I entered on the retest of the RN - 160.5 just to be on the safe side. Price raced to the London Open where i had the TP set. Just a 12 pips gain but had decent confluences and bit of momentum. 200EMA was in the way but as i said the momentum was upwards. For me its safe to go for the 1st target which was London Open. RN was very close but i have seen that a number of times, price just turns away from them taking...
Them 12 pips add up. Think what you could make from 12 pips a day. Well done mate.
every Saint has a past. Every Sinner has a Future
  • #4,930
  • Jan 31, 2023 4:56pm Jan 31, 2023 4:56pm
Quoting Shabs19
{quote}
Now if you throw in market session opens & ADR and discuss what each session players did, you may get a picture of what's happening.
cheers Shabs,

and Hi Dave I cant find your post to me anymore

"{quote} Hi TimeTells I would value your opinion on my observations in theses 2 charts, please I view it as the Battle of Buyers v Sellers Or perhaps Market Manipulation ? Enjoy reading your posts as you seem to have an open mind on all thing regarding Trading {image} {image} {image}"

I would love to see the charts posted dave.

In short, from shabs' link, I don't really think any more of buyers & sellers or manipulation, tho I spent many years down the rabbit-hole with such.
I pretty much think in terms of TARGETS.
One (or many targets) above current price and one (or many) below current price. And trade discretionary in between both targets.
Then I also think in terms of the LPs aggregating what retail market order trades are in the pool at present and what 'they' must do in the 'short-term' to deal with them in regards to 'their' own risk parameter current standings.

THEN imho 'they' (the larger market) then go off TO the set targets (sometimes takes a few sessions) with the direction of the "moment"
(and naturally in "bigger line" with the fundamentals of the CBs - that can be well distant from current price).

all the best pal
  • #4,931
  • Jan 31, 2023 5:03pm Jan 31, 2023 5:03pm
Quoting turnip15
{quote}
Yep - simple levels and "Zeppelins" for me TT {image}

Hi turnip, well done hahaaa.

I should clarify that for me, Zepps and levels, well they are observations (one building, with the other set in concrete).

So, essentially I am considering trading at two junctions.
One where price is doing "nothing" (ie dormant, inflection waiting to breakout which can take varying amounts of time not a set number of candles for example)

The other when price is doing "something larger than usual"
(ie HAS broken out with a logical target on the horizon of 'enough' pips to risk a DD for, or AFTER the end of a major move to a new price structure
where potential "new" setups start to show themselves).

all the best pal
  • #4,932
  • Jan 31, 2023 5:13pm Jan 31, 2023 5:13pm
Quoting TimeTells
{quote} Hi turnip, well done hahaaa. I should clarify that for me, Zepps and levels, well they are observations (one building, with the other set in concrete). So, essentially I am considering trading at two junctions. One where price is doing "nothing" (ie dormant, inflection waiting to breakout which can take varying amounts of time not a set number of candles for example) The other when price is doing "something larger than usual" (ie HAS broken out with a logical target on the horizon of 'enough' pips to risk a DD for, or AFTER the end of a...
That was kinda deep ...

Attached Image (click to enlarge)
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Mark ... Everything you have been told is a LIE
  • #4,933
  • Jan 31, 2023 6:30pm Jan 31, 2023 6:30pm
Quoting spzd
{quote}
That was kinda deep ... {image}

If ya want deep lol.


A pic from one of the best (imho) on FF

https://www.forexfactory.com/thread/...3#post13323733


Maybe THIS is the market we all trade in lol ?
  • #4,934
  • Jan 31, 2023 6:33pm Jan 31, 2023 6:33pm
Quoting TimeTells
{quote} If ya want deep lol. A pic from one of the best (imho) on FF https://www.forexfactory.com/thread/...3#post13323733 Maybe THIS is the market we all trade in lol ?
That looks like what the chart is doing ...
Mark ... Everything you have been told is a LIE
  • #4,935
  • Jan 31, 2023 6:40pm Jan 31, 2023 6:40pm
Quoting TimeTells
{quote} Hi turnip, well done hahaaa. I should clarify that for me, Zepps and levels, well they are observations (one building, with the other set in concrete). So, essentially I am considering trading at two junctions. One where price is doing "nothing" (ie dormant, inflection waiting to breakout which can take varying amounts of time not a set number of candles for example) The other when price is doing "something larger than usual" (ie HAS broken out with a logical target on the horizon of 'enough' pips to risk a DD for, or AFTER the end of a...
As you said, both junctions have their pros and cons. However, I prefer trading at the later junction.

  1. Less manipulation.
  2. No DRIBBLE.
  3. More pips for the risk.
  4. FIFO (Fast in and Fast out)

Success = Practice + Patience + Persistence
  • #4,936
  • Jan 31, 2023 6:51pm Jan 31, 2023 6:51pm
Quoting fxpider
{quote}
As you said, both junctions have their pros and cons. However, I prefer trading at the later junction. Less manipulation. No DRIBBLE. More pips for the risk.
FIFO (Fast in and Fast out)

Love the FIFO hahaaa.

Now without getting too heavy this morning lol, in the book Zen & the Art of Motorcycle Maintenance the main protagonist discusses being on the

‘horns of a dilemma’.

ie do I choose left or right, up or down etc etc etc

in the book he realises after great mental anguish that sometimes the answer can also be - choose in the middle of the two options

so, lol, the middle of the junctions might also be traded, in the right sessions, moments & market behaviour (structure breaks etc)


as always, imho, we are best to trade that which is best for us, so well done fxp
  • #4,937
  • Jan 31, 2023 7:35pm Jan 31, 2023 7:35pm
Analyzing a CROSS PAIR from a different angle. The strength of the THIRD EYE of the TRIANGLES in the top two charts will determine the winner between the two COMDOLLs.

Attached Image (click to enlarge)
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The THIRD EYE + TRIANGLE is mentioned purely TA point of view.
Success = Practice + Patience + Persistence
  • #4,938
  • Jan 31, 2023 9:50pm Jan 31, 2023 9:50pm
Hi All,

A very good setup that i missed. Saw it a little late. Again the TP is small but with the confluences, it was going to the target with very high probability. These setups are there nearly every session. I see most of them a bit late as i trade 1 minute timeframe and at specific times. One thing i have noticed is that it is good to wait for a retest or forming of LHs, HLs before placing a trade. With whatever i have learnt in this thread i can assure u that it is very hard NOT to chase a trade. Especially after a big candle has formed in ur direction. There are many occasion that price will just accelerate to the target without a retest or forming a LHs, HLs, etc. Waiting for retest gives more confidence that ur trade will work out. Not guaranteed but higher probability. U will have less trades but mark my word if ur assessment is good the winners will out number the losses.
Attached Image (click to enlarge)
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  • #4,939
  • Jan 31, 2023 10:44pm Jan 31, 2023 10:44pm
Quoting fxpider
Analyzing a CROSS PAIR from a different angle. The strength of the THIRD EYE of the TRIANGLES in the top two charts will determine the winner between the two COMDOLLs. {image} The THIRD EYE + TRIANGLE is mentioned purely TA point of view.
And.... the winner for the ASIA session is....... AUSSIE AUSSIE OI OI OI.

Attached Image (click to enlarge)
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Success = Practice + Patience + Persistence
  • #4,940
  • Jan 31, 2023 11:38pm Jan 31, 2023 11:38pm
Quoting whitesta
Hi All, A very good setup that i missed. Saw it a little late. Again the TP is small but with the confluences, it was going to the target with very high probability. These setups are there nearly every session.
I like your way of seeing the THINGS in the chart. And, I also constantly look for the same THINGS (RN, TIME, LEVEL, H/L, PIN, ENGULF, BOS etc). I never used to trade 1min charts b4, as I was blinded by the pre-existing info that it's full of noise and too fast... blah blah. But, 1 min chart is the most granular (for mt4) and gives away a lot of market mechanics with very low latency, IMO. True, it's fast, but once I got used to it, now I can make a cuppa in between the new candle formation.

Time compression-wise, I like to keep it simple 1-1-1-1 ( W1-D1-H1-M1).
Success = Practice + Patience + Persistence
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