Flying Dutchman | Page 143 | Crypto Craft

Options

Go to
Permalinks
Print Thread

Similar Threads

Equity millipede & Flying Buddha trading journal 9 replies

Flying buddah pattern 20 replies

Build an Equity Millipede with the filtered Flying Buddha 171 replies

Flying buddha pattern 12 replies

16/10/'07 - Crude oil and Greenback flying in opposite directions. 0 replies

Attachments: Flying Dutchman
Exit Attachments

Flying Dutchman

  • #2,841
  • Aug 31, 2022 6:55pm Aug 31, 2022 6:55pm
Quoting FulMargnAlch
So what do we do? Considering the Macro is sell, we may expect G$ to drop at DOL or drop after hitting the targets at Newyork session.
This is the reason why open lines are so important. And if you knew that in real time you would take the trades that GEfx did.
Know what you trade
  • #2,842
  • Aug 31, 2022 7:13pm Aug 31, 2022 7:13pm
Quoting FulMargnAlch
{quote} Market intent was to rise but as we can see it failed many times since last week as can be seen in PWOL and previous DOL. This week it also failed to rise and dropped at WOL. Now yesterday was another try. Price is at buy hemisphere during Tokyo but our Macro is sell. So what do we do? Considering the Macro is sell, we may expect G$ to drop at DOL or drop after hitting the targets at Newyork session.
Perhaps there is no harm putting a sell with 10-20 pips SL.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
The market hides a perfect geometry.
  • #2,843
  • Aug 31, 2022 7:14pm Aug 31, 2022 7:14pm
Quoting GEfx
BWilliam, per your ask, here are my G$ trades from this morning. I had 2 trades in this pair: Trade 1 was closed with +45 pips, and Trade 2 is still open, currently up about 20 pips (stop is now at the entry). I also traded the E$ this morning, which was a buy trade that is still open and up about 50 pips now, with target above that has not yet been hit. Trade well everyone! {image}
Hi GEfx,
Are the reasons for entering Trade1 and Trade2 same?
  • #2,844
  • Aug 31, 2022 7:22pm Aug 31, 2022 7:22pm
Quoting BWilliam
{quote} Thanks GEfx. Finally, someone traded sensibly in line with value intent that I try hard to explain.
Quick note and an update: The G$ has broken through 1.1600! How's that for intent? My second trade finally hit its limit, too. Watching for a good entry now, if the move continues. Good trading BW.
  • #2,845
  • Aug 31, 2022 7:23pm Aug 31, 2022 7:23pm
Quoting KevinZeng
{quote} Hi GEfx, Are the reasons for entering Trade1 and Trade2 same?
Yes, the reasons for entry, stop and target are the same.
  • #2,846
  • Aug 31, 2022 7:29pm Aug 31, 2022 7:29pm
Quoting FulMargnAlch
Perhaps there is no harm putting a sell with 10-20 pips SL.{image}
There's no chance market get to the horizontal line/arrows. Given the value intent is to break day low. That's why market came close to my tp but won't hit.
Know what you trade
  • #2,847
  • Aug 31, 2022 7:37pm Aug 31, 2022 7:37pm
Quoting BWilliam
.... the retail way ofc - full of expert market extreme ob/os spike faders.
Ofc be an expert ourself, but use this skill for the right purpose - precision entry to limit the drawdown for risk management purpose. I spent time practising "PA" to acquire this skill without volume delta clutch which is unnecessary and no better that limits the accessibility to trade Forex market with FX brokers.

In short, don't waste this skill fading ob/os spikes 50times a day. Unless you trade purely for the money only.
Know what you trade
  • #2,848
  • Aug 31, 2022 7:45pm Aug 31, 2022 7:45pm
Quoting BWilliam
{quote} There's no chance market get to the horizontal line/arrows. Given the value intent is to break day low. That's why market came close to my tp but won't hit.
You mean that whole move in NY that breaks the previous low? = because market intended to break the low why would it return to the starting point? Makes sense.
The market hides a perfect geometry.
  • #2,849
  • Aug 31, 2022 7:48pm Aug 31, 2022 7:48pm
Quoting FulMargnAlch
{quote} You mean that whole move in NY that breaks the previous low? = because market intended to break the low why would it return to the starting point? Makes sense.
As I explained earlier, E$ was charging upwards to get up above pwol, GEfx trade. Global markets traded accordingly in that 2 hours NY session, watch the chart. Ofc professional traders knew what was happening.
Know what you trade
  • #2,850
  • Aug 31, 2022 7:54pm Aug 31, 2022 7:54pm
Quoting BWilliam
{quote} As I explained earlier, E$ was charging upwards to get up above pwol, GEfx trade. Global markets traded accordingly in that 2 hours NY session, watch the chart. Ofc professional traders knew what was happening.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
The market hides a perfect geometry.
  • #2,851
  • Aug 31, 2022 8:01pm Aug 31, 2022 8:01pm
Quoting FulMargnAlch
{quote} {image}
E$ will continue to try to get to 1.022 and try trade above the target registered on 11 Aug. The professionals are watching and waiting like vultures.
Know what you trade
  • #2,852
  • Aug 31, 2022 8:04pm Aug 31, 2022 8:04pm
Quoting BWilliam
{quote} E$ will continue to try to get to 1.022 and try trade above the target registered on 11 Aug. The professionals are watching.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
The market hides a perfect geometry.
  • #2,853
  • Aug 31, 2022 8:07pm Aug 31, 2022 8:07pm
Quoting FulMargnAlch
{quote} {image}
Yes, and I'm responding to your post watching chart on my phone. Get my message.
Know what you trade
  • #2,854
  • Aug 31, 2022 8:07pm Aug 31, 2022 8:07pm
Quoting BWilliam
{quote} E$ will continue to try to get to 1.022 and try trade above the target registered on 11 Aug. The professionals are watching and waiting like vultures.
Hi William,
Why EU up and GU down to new LL?
  • #2,855
  • Edited 8:32pm Aug 31, 2022 8:14pm | Edited 8:32pm
Quoting KevinZeng
Hi William, Why EU up and GU down to new LL?
Because E$, G$ and JPY are trading at crisis level - JPY the worst. That's why GEfx made the caution to trade with extra care. The prognosis is ugly.
https://www.google.com/amp/s/www.fxs...s-202208310758

https://www.fxstreet.com/news/gbp-us...e-202208310628

E$ take the lead to try reverse current value sentiment. Which is widely expected to fail in the professional traders circle. The question is at what point, and to what extent.

Btw I'm a retail trader like everyone else, who track professional traders that move market. I don't buy into silly retail narratives. That has no idea what's happening to global markets.
Know what you trade
  • #2,856
  • Aug 31, 2022 8:31pm Aug 31, 2022 8:31pm
Quoting whitesta
{quote} Thanks for the input spzd, could you show on ur charts how u mark or determine where the days low and highs are? I am sure we all will get more info if u get the chance. Thanks again.
The short answer is with spikes, wicks, pin-hammer, and engulfing bars. You can never be 100% certain a new High/Low is the final one for the day. There are ways to make an educated guess. This is done through an engulging/impulse bar. Which will set that point as the most recent High/Low. Any time price approaches a High/Low you need to be aware it could violate that point.

My method is based off Stacey Burke's method very closely. The initial High/Low of any day is the sctual High/Low of that, but also the High/Low of the US trading session going into the next day. From there as time and price progress, new Highs/Lows are created.

Here are some screen shots of the last 3 days. and today's US session on the M1 timeframe, which is the TF I trade off. This is exactly what my screen looks like.

1 - Is the US session range (which was also the entire day range)
2 - High established in Asia slow creep to new high
3 - A large impulse bar with a long wick This could have been traded short
4A/4B - Two double tops If you go down to the M1 you can see how these can be traded
5 - Asia setting the High/Low followed by a W
6 - London testing the High
7 - US setting the new LOW
8 - Asia sets a narrow range Hogh/Low followed by an M
9/10 - London then US set new Lows

All the horizontal trendlines are mine as I go. I reload the chart before every new week.

Attached Image (click to enlarge)
Click to Enlarge Name: High_Low_GBPJPY.FXM15.png Size: 32 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 1_GBPJPY.FXM15.png Size: 26 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2_GBPJPY.FXM15.png Size: 26 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Trades_GBPJPY.FXM1.png Size: 24 KB
Mark ... Everything you have been told is a LIE
  • #2,857
  • Aug 31, 2022 8:45pm Aug 31, 2022 8:45pm
Quoting spzd
{quote} The short answer is with spikes, wicks, pin-hammer, and engulfing bars. You can never be 100% certain a new High/Low is the final one for the day. There are ways to make an educated guess. This is done through an engulging/impulse bar. Which will set that point as the most recent High/Low. Any time price approaches a High/Low you need to be aware it could violate that point. My method is based off Stacey Burke's method very closely. The initial High/Low of any day is the sctual High/Low of that, but also the High/Low of the US trading session...
Hi spzd, Thanks for the explanation and the charts. Well explained.
  • #2,858
  • Aug 31, 2022 8:56pm Aug 31, 2022 8:56pm
Just old school stuff that works as well as any computer suite of indicators. And no mention of volume.
Mark ... Everything you have been told is a LIE
  • #2,859
  • Aug 31, 2022 9:00pm Aug 31, 2022 9:00pm
Started with basic patterns long ago. Went astray for much too long with the indicator search. Have come back to the basics.
Mark ... Everything you have been told is a LIE
  • #2,860
  • Aug 31, 2022 9:27pm Aug 31, 2022 9:27pm
Quoting spzd
Started with basic patterns long ago. Went astray for much too long with the indicator search. Have come back to the basics.
Did the same with EA programming. Chased indicator heavy EA's for far too long. These days I'm trying to use as few as possible. Results that test well work in a wider set of circumstances if the mechanic is very very simple. Every added indi narrows the working range. I'm trying to solve the puzzle in the smallest number of steps.
10 traders viewing now, 2 are registered:
,
Alpacatrades