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Flying Dutchman

  • #2,861
  • Edited 10:26pm Aug 31, 2022 9:36pm | Edited 10:26pm
About this glitzy "indicators", the creators and programmers are not at fault. Tools are made for their purpose to do the job that's done manually, nothing wrong with that.

The fault lies with the user, mis-using and abusing these tools.

I use 35tools plus 12 vertical lines and 3 horizontal lines on my phone. Yup, you read that correct, all that crammed in the tiny screen - just perfect. A mess, none come close, that serve my purpose. Ofc I'm the only person who understand this mess.

The difference is I spent 8 years dedicated research part of which was to look at time series math. I gained knowledge and expertise in readily available tools. Why not use them to do heavy manual work?

Let's not condemn and crucify tools - they're not guilty of any fault. If you chose not to use them, prefer other choice, good for you.

And due to this predominant negative sentiment about standard tools for amateurs, I don't talk about it on forum. As usual, what you read on forum are amateur, ignorant, nonsensical exploits. In expert hands, the tools do the job what they were built for.

Inserted Video


Like all tools, this one is perfect for shut eyes - sweet dreams. The notes hang in the subconcious.

Inserted Video
Know what you trade
  • #2,862
  • Aug 31, 2022 10:02pm Aug 31, 2022 10:02pm
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...
Nice summation... I as well trade predominantly Stacey Burke methodology... And to add to your post... Price as in numbers and levels.00s 25a 50s 75s 00s (100 pip boxes) and finally most importantly for me timing... Equity opens , stop hunt hours 717 ..915 4 hr and down rotations. And levels of 3 .. whether in days, hours sessions, 15 m candles, waves etc

Nice charts Spzd!!!

. ....and not to ruffle any feathers I could care less where the market is going. It does not matter. My setups present themselves and I take them as they come.

I don't believe in predicting the markets..as that is typical human behaviour trying to control outcome.. trading is not about outcome...it's about process.. outcome comes a s a result of your process.

Anyways enough babbling .. time I post come charts again myself...but nice to see someone else trading similar concepts...

Cheers
Blue
Master your Mind,,,Master the Market
  • #2,863
  • Aug 31, 2022 10:23pm Aug 31, 2022 10:23pm
Quoting BWilliam
{quote} Yes, and I'm responding to your post watching chart on my phone. Get my message.
You are saying that all these press release is pointing that EU and GBP will fall yet EU will hit PMOL?

Perhaps a pullback before rockfall or just statement of false narrative as always in news.
The market hides a perfect geometry.
  • #2,864
  • Aug 31, 2022 10:45pm Aug 31, 2022 10:45pm
Quoting FulMargnAlch
You are saying that all these press release is pointing that EU and GBP will fall yet EU will hit PMOL? Perhaps a pullback before rockfall or just statement of false narrative as always in news.
Professional traders don't trade press release, they make news. We track and follow the guys who move market. Take note of what they release for public consumption, don't be a chump watch what they're doing, that's the real stuff.

Or you can trade the usual indicators and patterns. Your choice.
Know what you trade
  • #2,865
  • Aug 31, 2022 10:46pm Aug 31, 2022 10:46pm
Quoting bluesteele
{quote} Nice summation... I as well trade predominantly Stacey Burke methodology... And to add to your post... Price as in numbers and levels.00s 25a 50s 75s 00s (100 pip boxes) and finally most importantly for me timing... Equity opens , stop hunt hours 717 ..915 4 hr and down rotations. And levels of 3 .. whether in days, hours sessions, 15 m candles, waves etc Nice charts Spzd!!! . ....and not to ruffle any feathers I could care less where the market is going. It does not matter. My setups present themselves and I take them as they come. I don't...
Best method out there. And no volume.
Mark ... Everything you have been told is a LIE
  • #2,866
  • Aug 31, 2022 10:54pm Aug 31, 2022 10:54pm
Quoting bluesteele
{quote} Nice summation... I as well trade predominantly Stacey Burke methodology... And to add to your post... Price as in numbers and levels.00s 25a 50s 75s 00s (100 pip boxes) and finally most importantly for me timing... Equity opens , stop hunt hours 717 ..915 4 hr and down rotations. And levels of 3 .. whether in days, hours sessions, 15 m candles, waves etc Nice charts Spzd!!! . ....and not to ruffle any feathers I could care less where the market is going. It does not matter. My setups present themselves and I take them as they come. I don't...
Hi Bluesteele, Yes the Equity opens are very important. I have had some good trades just by using PFH or PFL, RNs, 3 levels up or down, Candle Formations, etc Thanks for showing us some the light.

Trade Well.
Attached Image (click to enlarge)
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  • #2,867
  • Aug 31, 2022 10:57pm Aug 31, 2022 10:57pm
Quoting spzd
{quote} Best method out there. And no volume.
Couldnt agree more...

Cheers
Master your Mind,,,Master the Market
  • #2,868
  • Aug 31, 2022 10:59pm Aug 31, 2022 10:59pm
Quoting whitesta
{quote} Hi Bluesteele, Yes the Equity opens are very important. I have had some good trades just by using PFH or PFL, RNs, 3 levels up or down, Candle Formations, etc Thanks for showing us some the light. Trade Well.
Thats so great to hear Whitesta

Cheers
Master your Mind,,,Master the Market
  • #2,869
  • Edited Sep 1, 2022 1:28am Aug 31, 2022 11:18pm | Edited Sep 1, 2022 1:28am
Quoting BWilliam
Professional traders don't trade press release, they make news. We track and follow the guys who move market. Take note of what they release for public consumption, don't be a chump watch what they're doing, that's the real stuff. Or you can trade the usual indicators and patterns. Your choice.
To clarify this comment, I'm not against indicators and patterns. I'm deep into indicators and patterns(post #2861) - they have their place. The big difference is I don't trade indicators and patterns per se. Indicators and patterns don't move market. Market move because of value intent - this is my focus. No predictions, just watch the professionals move the market. And follow them.

Indicators and patterns can't tell if the move will be 20pips or 50pips or recalibrate hundreds of pips or whatever next. All they do is to tell a repeated pattern, that's it.

This is how I use indicators and patterns. The time series tell me the condition at potential turning points, again calculated by time series. So I know the price levels and the macro and micro market condition. Given this available info on my chart, I watch the professionals at work and figure out the value intent. I'm not interested in between markets at no man's land - why waste time figure out market innanities.

FMA, you complain there's no signpost at major intraday turning points. Correct, that's why trading indicators and patterns are liken to analyse price in a vacumn. Market value is not linear, else the chart will look predictably "linear" and "boxy" showing linear rate of change. Whereas patterns bear a "linear" assumption. You have to insert many more assumptions to fill in the gap. And when price move against or in your direction you don't know why because you're unsure of your assumptions without proper basis, and what's the magnitude. See the problem.

If market move according to signposts we won't get multiple discussion threads about market is random. Nassem Taleb can't sell his books.

I'm sure everyone know this.

That's why it's important to answer this question,

Why does price move up or down?

***I'm presenting a different point of view. I'm not sure if there's a previous discussion about this - I don't read FF except for the entertaining soap opera. Don't take offence, I'm not dissing on what you do, just think about what I wrote. Now I know GEfx thinks the same. Ofc fti. I believe Andy's thread is to talk about general topics of Forex trading.
Know what you trade
  • #2,870
  • Sep 1, 2022 12:14am Sep 1, 2022 12:14am
I assume foreign exchange price moves up and down to cater the economic stand of a country. So the central banks in charge of the currency adjust the price accordingly to suit the policy of the state.
The market hides a perfect geometry.
  • #2,871
  • Sep 1, 2022 12:15am Sep 1, 2022 12:15am
Quoting FulMargnAlch
I assume foreign exchange price moves up and down to cater the economic stand of a country. So the central banks in charge of the currency adjust the price accordingly to suit the policy of the state.
That's a good starting point.
Know what you trade
  • #2,872
  • Sep 1, 2022 1:44am Sep 1, 2022 1:44am
Quoting whitesta
{quote} Hi Bluesteele, Yes the Equity opens are very important. I have had some good trades just by using PFH or PFL, RNs, 3 levels up or down, Candle Formations, etc Thanks for showing us some the light. Trade Well. {image}
That first target in your image is the weekly open too.

Would you stay in the position after being 20 pips up to now be in drawdown to then see the target out? Or would you take break even? GJ did that in NY after equities open. Or would you only take w entry?
  • #2,873
  • Sep 1, 2022 2:03am Sep 1, 2022 2:03am
Quoting FocusWinReal
That first target in your image is the weekly open too. Would you stay in the position after being 20 pips up to now be in drawdown to then see the target out? Or would you take break even? GJ did that in NY after equities open. Or would you only take w entry?
Excellent question FWR. This is the type of on point discussion that FF lack.
Know what you trade
  • #2,874
  • Sep 1, 2022 3:09am Sep 1, 2022 3:09am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
The market hides a perfect geometry.
  • #2,875
  • Sep 1, 2022 3:30am Sep 1, 2022 3:30am
Quoting FulMargnAlch
{image}
FMA, now your trade make sense, easy to understand, no need any "grandma story".
Know what you trade
  • #2,876
  • Sep 1, 2022 3:44am Sep 1, 2022 3:44am
Quoting BWilliam
{quote} FMA, now your trade make sense, easy to understand, no need any "grandma story".
What does grandma story mean?Thank you for your patience and staying with this thread. I am now slowly gaining grounds although I do not see every angle yet, only those that makes sense to me.The OB/OS mindset has hijacked me.
The market hides a perfect geometry.
  • #2,877
  • Sep 1, 2022 3:46am Sep 1, 2022 3:46am
Quoting FulMargnAlch
What does grandma story mean?Thank you for your patience and staying with this thread. I am now slowly gaining grounds although I do not see every angle yet, only those that makes sense to me.The OB/OS mindset has hijacked me.
Long explanation.
Know what you trade
  • #2,878
  • Sep 1, 2022 4:14am Sep 1, 2022 4:14am
Quoting BWilliam
{quote} FMA, now your trade make sense, easy to understand, no need any "grandma story".
Except the MOL and WOL, can we still consider it a buy hemisphere if price is above it although the DOL is 3 or more days old or is it invalidated by some parameters?
The market hides a perfect geometry.
  • #2,879
  • Edited 4:38am Sep 1, 2022 4:27am | Edited 4:38am
Quoting FulMargnAlch
Except the MOL and WOL, can we still consider it a buy hemisphere if price is above it although the DOL is 3 or more days old or is it invalidated by some parameters?
Look at day and h4 chart to answer your question. Intraday dol and h1/m15 for entry. This is for part-time traders, and serious longer term speculators. For currency investors look at month and week, day/h4 charts for entry. 28pairs plus gold, oil, indices, cryptos
Know what you trade
  • #2,880
  • Sep 1, 2022 4:45am Sep 1, 2022 4:45am
Quoting FulMargnAlch
{quote} Except the MOL and WOL, can we still consider it a buy hemisphere if price is above it although the DOL is 3 or more days old or is it invalidated by some parameters?
It appears that OLs are relevant, irrespective of time, when price is within their range.
The market hides a perfect geometry.
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