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  • #1,541
  • Jun 3, 2022 2:09am Jun 3, 2022 2:09am
QUESTION

HOW AS A TRADER DO YOU DEAL WITH FOMO!

Fear of missing out!!

I can’t uptick Peter Caleb’s post (933) on the big ego thread as I’m banned…,

  • #1,542
  • Jun 3, 2022 3:41am Jun 3, 2022 3:41am
Quoting TimeTells
{quote} {image}
Hi,

The HLs looks like to be the likey targets when price returns?
  • #1,543
  • Edited 4:48am Jun 3, 2022 4:22am | Edited 4:48am
Quoting whitesta
{quote}
Hi, The HLs looks like to be the likey targets when price returns?

Hi W,

Absolutely.
BUT as though traders we must contain ourselves from WANTING something to happen on our time expectationa (ie the sell-off)

The market will show us when its time.

How it has often played out in the past is like this.
I look NOW for where there are targets still above current price, when I am expecting the market to sell off. (get it ?)

If the market will sell off it MIGHT go up first (must ?) to shake-out all the early sellers, and IF there is a target above then they might shoot it down first.
After such a period of long grinding DAYS in an upper play, then we sometimes get the frustrating (as they occur) double tops, we also sometimes get the Head & Shoulders, all these which are called "patterns" are nothing but the market ranging to put pressure on BOTH the "wishing for a quick sell off" sellers plus any new longs that might see a certain pea & shell game forming and jump in, until a full one-way reverse will take place.

On GJ as you mentioned, each trader now would be expected to understand its current structure.
We CANNOT just wish for the market to sell off, because WE think it has gone up enough or too far (which it may well have, in a certain sense).

So firstly, are their targets STILL sitting above current price ? (ie old LH's still sitting & waiting) and of course the unknown Peak High that is the final turn.
Is there a Previous Monthly High sitting closely enough above now (clue lol) that might also get tested.

Who knows what WILL happen, not me. I only know the two potentials (after my favourite inflection) - price might still go up, price might sell off.

It may not do either of these today Friday as we all well know that it's a Bank Holiday in the UK
(and those folk might want it to happen Monday or Tuesday etc lol, who knows)

Do NOT predict in your mind, at this very point now, what you WANT or think might happen. The Market WILL show you, it has to ultimately.

We can miss the initial sell-off whenever it happens (and also sit out any fake back UPS that are designed to "shake the tree" - or you can range trade in between while it is happening). When it does sell off it will do so very quickly, sells often do (and maybe too quickly lol where the market MUST then stall, and recalibrate, into what I like to call the Inflection Range of ups & downs which can frustrate impatient traders into either cashing out TOO early or holding onto too late if in loss).

Once the sell off begins there will be opportunities to get on the train (and in a down move new LH's will start to form as pullback Future Swing targets for the NEXT rise. As a Trader we can (eventually) see what the market MUST do and when we DO see it we will never NOT see it again. That is then the blessing of the market mechanics & market behaviour.

Have a look at Kev's post earlier as there were so many pieces of information in there to assist traders trying to nut out market behaviour.

Don't ever get hung up or too excited about a price move per candle, but use your time to see if you can assess what a price move MUST do next,
in both an Up & Down fashion (and also inflection which can last from 1hr to 5 hours or longer) before your entry.

But yes LOL sorry, your statement, the prior HLs will be the targets once it all begins.

all the best W
  • #1,544
  • Jun 3, 2022 4:36am Jun 3, 2022 4:36am
Quoting TimeTells
{quote} Hi W, Absolutely. BUT as though traders we must contain ourselves from WANTING something to happen on our time expectationa (ie the sell-off) The market will show us when its time. How it has often played out in the past is like this. I look NOW for where there are targets still above current price, when I am expecting the market to sell off. (get it ?) If the market will sell off it MIGHT go up first (must ?) to shake-out all the early sellers, and IF there is a target above then they might shoot it down first. After such a period of long...
Hi TimeTells,

Thanks for the indepth reply. Funny how you kind of knew where i was coming from. I do get impatient, frustrated and pull the trigger. I am also looking at your inflection zones. As you said market will show itself and we just need to be patient. Think as a newbee i will try and get on the train once the move has started (easier said than done)..lol.
Thanks once again.

Happy Trading.
  • #1,545
  • Jun 3, 2022 8:56am Jun 3, 2022 8:56am
Quoting moodybot
{quote} Kev, that’s one of the best posts that I have ever seen on Forex Factory
Cheers Andy... Always appreciate your support and input !

And remember....

I got my toes in the water, ass in the sand
Not a worry in the world, a cold beer in my hand
Life is good today, life is good today.....


Life is good today,
Blue
Master your Mind,,,Master the Market
  • #1,546
  • Jun 3, 2022 5:28pm Jun 3, 2022 5:28pm
Quoting bluesteele
{quote} Cheers Andy... Always appreciate your support and input ! And remember.... I got my toes in the water, ass in the sand Not a worry in the world, a cold beer in my hand Life is good today, life is good today..... Life is good today, Blue
Thanks Kev

It amazes me after all that’s been posted on this thread from you, Pete etc that elsewhere, an individual has posted to suggest that as HE …HIMSELF couldn’t find a workable method using OCHL data, so then it’s not possible.

Just imagine if the dude who invented glass said, nope, non, can’t be done. Well that would mean the tourist boats with glass bottom boats wouldn’t be able to see the Spanish Navy and many people would be led to believe the battle never took place.

History absolutely proves the battle took place, and likewise history from OCHL can absolutely be used to define a successful trading method.

M.
  • #1,547
  • Jun 3, 2022 6:28pm Jun 3, 2022 6:28pm
Quoting moodybot
{quote} Thanks Kev It amazes me after all that’s been posted on this thread from you, Pete etc that elsewhere, an individual has posted to suggest that as HE …HIMSELF couldn’t find a workable method using OCHL data, so then it’s not possible. Just imagine if the dude who invented glass said, nope, non, can’t be done. Well that would mean the tourist boats with glass bottom boats wouldn’t be able to see the Spanish Navy and many people would be led to believe the battle never took place. History absolutely proves the battle took place, and likewise...

Hi Andy...
Sad but true .. unfortunately that person puts himself on the pedestal as the all knowing be all and end all of what works and what doesn't... He's about as ignorant of a person I have ever seen.. The petulant one is about as wet behind the ears as they come... And as for his sidekick.. I used to think he actually knew what he is doing .. bit I have to agree with Peter Caleb...

And as why PF would actually have anything to do with these scammers and spoofers is beyond me... Hanging around the lowest common denominator is never a good thing.

But me and many many others will continue to use lines as traders always have...on fact the most successful daytraders all use lines of some sort...

Here's a little trade from June 1st... FTSE..

143 pts..@ £75 pt..was £10,700 that day on that trade alone... Live account ..all called and posted realtime ..trades time-stamped...... But yes of course 1 simple line can't work...give me break lol...

Cheers
Blue

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Master your Mind,,,Master the Market
  • #1,548
  • Jun 3, 2022 6:45pm Jun 3, 2022 6:45pm
Quoting moodybot
{quote}
an individual has posted to suggest that as HE …HIMSELF couldn’t find a workable method using OCHL data, so then it’s not possible.
Just imagine if the dude who invented glass said, nope, non, can’t be done.

Well put Andy.

And if that individual "themself" just lived their own life alone, thinking in that way .. then no probs.


But for that individual to then try & trick other newcomers to trading, into thinking in his same bounded way is ...

Well unconsionable imho (ie no real moral compass).
  • #1,549
  • Jun 3, 2022 7:16pm Jun 3, 2022 7:16pm
Quoting bluesteele
{quote}
Hi Andy... Sad but true .. unfortunately that person puts himself on the pedestal as the all knowing be all and end all of what works and what doesn't.
But me and many many others will continue to use lines as traders always have...
on fact the most successful daytraders all use lines of some sort...
Here's a little trade from June 1st... FTSE.. 143 pts..@ £75 pt..was £10,700 that day on that trade alone...
Live account ..all called and posted realtime ..trades time-stamped......
But yes of course 1 simple line can't work...give me break...

Great trade work and chart Kev,

and I can say right now that both Andy & yourself and George (and MANY other FF traders) have enlightened me along the way
as I have observed and listened to what you guys and other longer term traders say and do.

We can all learn a little something from each other.


Anyways, what a week it was for GBPJPY
I counted eleven targets taken out in the grinding week and I may have missed showing another in the charts but hey, they were running hot for a whole week.


MARKET MECHANICS & MARKET BEHAVIOUR

The last day of the GJ week completed.
make of it what will will

.
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  • #1,550
  • Jun 3, 2022 9:19pm Jun 3, 2022 9:19pm
Quoting bluesteele
{quote} Hi Andy... Sad but true .. unfortunately that person puts himself on the pedestal as the all knowing be all and end all of what works and what doesn't... He's about as ignorant of a person I have ever seen.. The petulant one is about as wet behind the ears as they come... And as for his sidekick.. I used to think he actually knew what he is doing .. bit I have to agree with Peter Caleb... And as why PF would actually have anything to do with these scammers and spoofers is beyond me... Hanging around the lowest common denominator is never...
Hi Kev, I feel strongly about how members interact - our own self-imposed personal protocol, with whom and so on. It's a reflection that speak about ourself. I appreciate you write your mind as is. Thank you.
Know what you trade
  • #1,551
  • Jun 3, 2022 9:21pm Jun 3, 2022 9:21pm
Quoting TimeTells
{quote} Well put Andy. And if that individual "themself" just lived their own life alone, thinking in that way .. then no probs. But for that individual to then try & trick other newcomers to trading, into thinking in his same bounded way is ... Well unconsionable imho (ie no real moral compass).
Hi Pete, I won't go so far as to say "trick" but their action is grossly misleading. It's obvious they are overly passionate. I wonder if they would act the same in the real world or the faceless Internet brings out the dark side.
Know what you trade
  • #1,552
  • Jun 3, 2022 9:28pm Jun 3, 2022 9:28pm
dropped this in another thread, just some light weekend reading some might find useful
Attached File(s)
File Type: pdf Qm master (5).pdf   3.6 MB | 572 downloads
File Type: pdf Holy Grail by Van Tharp.pdf   873 KB | 486 downloads
File Type: pdf Colibri - DEMSU P01.pdf   456 KB | 324 downloads
  • #1,553
  • Jun 3, 2022 9:51pm Jun 3, 2022 9:51pm
Quoting TimeTells
Hi W, Absolutely. BUT as though traders we must contain ourselves from WANTING something to happen on our time expectationa (ie the sell-off) The market will show us when its time. How it has often played out in the past is like this. I look NOW for where there are targets still above current price, when I am expecting the market to sell off. (get it ?) If the market will sell off it MIGHT go up first (must ?) to shake-out all the early sellers, and IF there is a target above then they might shoot it down first. After such a period of long...
Hi Pete, great post with lots of details for the newcomers to learn from.

I've always talked about intent. Volume folks call it imbalance. And so on.

A simple yet important line, ie. daily open line tells so much about the intent. The delta is in the candles that orientate with the open line - there's no need for extra data source. 1 hour before Frankfurt at halfway point is when I start to look at the charts. Isn't the intent obvious? There's at least 75% of the market to go. I'd say practise, practise, practise.
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Know what you trade
  • #1,554
  • Jun 3, 2022 9:58pm Jun 3, 2022 9:58pm
Quoting BWilliam
{quote}
Hi Pete, I won't go so far as to say "trick" but their action is grossly misleading. It's obvious they are overly passionate. I wonder if they would act the same in the real world or the faceless Internet brings out the dark side.
Hi Jason,
One of them crossed the line a long time ago mate, such is life .
All recorded for posterity here on this, Andy's thread.
It's way beyond passion when a person tries to trick new traders by saying other experienced traders are talking BS.

Anyway it's just his style, I have worked that all out lol and like you I find little need for interactions of a negative nature.


And you BW were also instrumental in pointing me in a traders direction when encouraging me to dig deeper into the maths behind market expansions & set ranges.

I no longer put up my maths targets on my posted charts as you once stated that my price lines run at around 50% above and below your own so in fairness to the life's work you have put in on yours mine no longer get displayed.


I have much fun and experience with all my other targets to be able to show enough of some market behaviour imo .

(As Kev did above. And dont get me started on Andy who I saw made 18% profit in the past three days with his own methods - tho we all trade differently, different charts/timeframes/product sets - but from the similar market mechanics understandings.

all the best pal
  • #1,555
  • Jun 3, 2022 10:22pm Jun 3, 2022 10:22pm
Quoting BWilliam
{quote} Hi Pete, great post with lots of details for the newcomers to learn from. I've always talked about intent. Volume folks call it imbalance. And so on. A simple yet important line, ie. daily open line tells so much about the intent. The delta is in the candles that orientate with the open line - there's no need for extra data source. 1 hour before Frankfurt at halfway point is when I start to look at the charts. Isn't the intent obvious? There's at least 75% of the market to go. I'd say practise, practise, practise. {image}
Thanks for sharing Jason... Very insightful chart !
Master your Mind,,,Master the Market
  • #1,556
  • Edited 11:10pm Jun 3, 2022 10:57pm | Edited 11:10pm
Quoting T721
https://youtu.be/E-HRjjWQk6M just something if youre bored over Weekkend
BEWARE: 95% winners are actually losers.... At the first look the guy dont know what is actually an expansion.

Sorry mate not to undermine your post but to save the weekend, however i have downloaded the three pdf you shared for the weekend, thank you.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20220604_075945.jpg Size: 512 KB


Update: love the two books namely holy grail and QM
"Exchange of hands"
  • #1,557
  • Edited Jun 4, 2022 12:08am Jun 3, 2022 11:53pm | Edited Jun 4, 2022 12:08am
Quoting TimeTells
{quote} Great trade work and chart Kev, and I can say right now that both Andy & yourself and George (and MANY other FF traders) have enlightened me along the way as I have observed and listened to what you guys and other longer term traders say and do. We can all learn a little something from each other. Anyways, what a week it was for GBPJPY I counted eleven targets taken out in the grinding week and I may have missed showing another in the charts but hey, they were running hot for a whole week. MARKET MECHANICS & MARKET BEHAVIOUR The last day...
Hi TimeTells,

You were right with ur hint (it did test the monthly high, took another target and then the round number just above). I did not place any trade but just observed. Honestly i was just looking at the monthly high and thinking that price may turn from there but it went further up to take the round number too. As i said i did not place any trade since its just a learning process and observing. When the price turned south it came back up a little and formed LH (1st one, future target). Price then went down to rest at the Day Open where there is a HL which was a target. All about targets..lol. I am saving your images for future reference. I am just focussing on the GBP/JPY to learn plus most of the images and inputs are on this pair. Lots to learn but as you said markets will show itself. Next step is to learn how to time the trade and not get trigger happy.

Happy Trading All
  • #1,558
  • Jun 4, 2022 12:01am Jun 4, 2022 12:01am
So the resident expert that KNOWS ALL... Ryryu ,,,,, Well i just saw one of the most stupid ignorant things someone could post....
And to think people listen to him... Thats dangerous.. Ryuryu is perhaps just stupid and ignorant or a scammer...Jurys out.

Heres his asinine post. And it shows just HOW LITTLE he knows...

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So I just thought I would post some charts from a highly successful trader Peter Brandt...
Hes returned near 50%p.a. over near 50 yrs now... Thats HUGE thats Incredible..... (oh wait RyuRyu the scammer does that in a day)

Heres a few of Peters charts.... How does Peter Trade ? Classical Chart patterns.. Tight stops and goes for high RR trades... Bread and butter stuff.

And what do I see on ALL of Peters charts.... LINES....

So im wondering if I ahould get ahold of Peter and tell him that he should stop trading as RyuRyu the FAKE GURU says hes tried everything and nothing works !
But he has the secret sauce...LOL...sure sounds Scammish doesnt it ? when you think of it... Or Ryuryu is dumb as a bag of nails...hmmmm....

So heres some of Peters Charts...and Im going to reach out to Peter and tell him to STOP as what he does ...does not work...

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Master your Mind,,,Master the Market
  • #1,559
  • Jun 4, 2022 2:35am Jun 4, 2022 2:35am
Quoting bluesteele
So the resident expert that KNOWS ALL... Ryryu ,,,,, Well i just saw one of the most stupid ignorant things someone could post.... And to think people listen to him... Thats dangerous.. Ryuryu is perhaps just stupid and ignorant or a scammer...Jurys out. Heres his asinine post. And it shows just HOW LITTLE he knows... {image} So I just thought I would post some charts from a highly successful trader Peter Brandt... Hes returned near 50%p.a. over near 50 yrs now... Thats HUGE thats Incredible..... (oh wait RyuRyu the scammer does that in a day) Heres...
Yes Kevin, this must really piss you off.

Ryuryu did do 50% + in a day because I was right there with him trading that evening.
Many of his calls I get to see live as we often take the same trades, I can therefore vouch most of his results he posts on his thread are in fact truthful.

He was trading OPUSDT on the day it was available to trade with our Crypto broker. You need to realise that means thousands of manic crypto gambles starting buying this new coin which creates extreme volume and price movements - resulting in highly accurate delta readings.

Christmas time come early for us basically, but he deserves the results he gets. He is without doubt the hardest working trader here on Forex Factory.

He gets Volume, he understands delta readings, he is ruthless in execution of a strategy we both work on together

You guys won't like him, he's brash, rude, considering and arrogant - just the trader I thought I would never work with. Surprising we work fantastically together and the story is deserving of a book in the future.
I must also comment about the third amigo, the real brains behind the operation and a quiet achiever I call Voldemort.

Why?

Because she's the trader we can't ever name.

Good luck with lines, the truth is when price comes to any line on a live chart - its a 50% chance it will move bullish or bearish.
Lets not forget maths.

Cheers
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Trading thin liquidity at the boundary of the charts
  • #1,560
  • Jun 4, 2022 2:44am Jun 4, 2022 2:44am
poor bluesteal getting knock backs if you making money perhaps you could teach him
people leave, but this thread will go on for ever
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