The market hides a perfect geometry.
- #2,902
- Sep 1, 2022 9:30am Sep 1, 2022 9:30am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} After all that, price will now reverse from no man's land. We are all gonna be poor.
Right after the spike the short was good for just off the 139 BRN. My original target before the spread widening knocked me out.
Mark ... Everything you have been told is a LIE
- #2,905
- Sep 1, 2022 11:24am Sep 1, 2022 11:24am
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #2,906
- Sep 1, 2022 3:34pm Sep 1, 2022 3:34pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #2,907
- Sep 1, 2022 3:41pm Sep 1, 2022 3:41pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #2,908
- Sep 1, 2022 3:47pm Sep 1, 2022 3:47pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #2,909
- Sep 1, 2022 3:49pm Sep 1, 2022 3:49pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{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}
every Saint has a past. Every Sinner has a Future
- #2,910
- Sep 1, 2022 4:02pm Sep 1, 2022 4:02pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #2,911
- Sep 1, 2022 5:17pm Sep 1, 2022 5:17pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,365 Posts
{quote} Those are M and W formations. M forms at the high and W forms at the low.
- #2,912
- Sep 1, 2022 5:17pm Sep 1, 2022 5:17pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,365 Posts
{quote} That's the bit I am struggling to recognise and put into context so far.
- #2,914
- Sep 1, 2022 6:35pm Sep 1, 2022 6:35pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
{quote} just some learning stuff for anyone in this thread
Mark ... Everything you have been told is a LIE
- #2,915
- Sep 1, 2022 6:37pm Sep 1, 2022 6:37pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #2,916
- Sep 1, 2022 6:56pm Sep 1, 2022 6:56pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,365 Posts
this is a good read if you get some time over weekend.
- #2,918
- Sep 1, 2022 7:53pm Sep 1, 2022 7:53pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #2,919
- Sep 1, 2022 8:20pm Sep 1, 2022 8:20pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #2,920
- Edited 10:38pm Sep 1, 2022 10:10pm | Edited 10:38pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
Hi All,
Quick visit only then back to music
.
Some terrific posts, downloads, and varying styles of trading etc etc posted here recently,
cheers all, great reading.
Some great charts also, I love looking at everybody’s. Thats what FX trading & learning is all about imho.
And No One Way Is Best (IMHO)
We all look at the markets in slightly different ways, and trade them slightly differently also.
Why do we trade? Essentially to make some money, I imagine.
How (again just imho) I do this is to focus on what I know of the Market Mechanics
(nice chart work earlier spzd), and,
what we have proven to ourselves over time.
And then to share some of it with others. Hopefully as some form of encouragement.
I offer my way as “NO WAY” for anybody, it’s just what I have evolved into doing myself over a long period of time.
(and thanks, sincerely, to all who have guided & helped me along my way, a long road for sure)
Is my way “the way” … lol cut it out,
Everyday I go into the market knowing only what I know but NOT what the market knows.
I have settled at the moment on one pair essentially (at a time), to FOCUS on the Market Mechanics & Behaviour of one instrument (at a time),
and then “knowing” (lol, as best I can) that instrument I will just seek repetition (of behaviour), but - without certainty -
This morning, and with NFP tonight in NY, my expectation was a compressed market in Asia
(London could start the later expansions who knows, not me).
I leave all the Fundamental Analysis to experts as, with GBPJPY, I always wonder if they are debasing BOTH the Pound and the Yen then how will that play out for my PAIR, intraday. I sure don’t know. And I don’t know in advance which of those two currencies will be the weakest or strongest intraday or by what metric.
So I go back again to seeking knowledge of The Mechanics of the market, as best I can.
These trades below are NOT to be looked at as any “method”, they are not.
They are just opportunistic trades based on repetitions around “MANY” of the variables
(of which quite a few have been discussed here recently on Andy’s terrific thread over the past pages).
The Day Open is not a “given trade” for me,
It’s a signpost of activity of price running to it, from it, and around it, in a way that I personally see & use.
When price is elsewhere (lol) from the DO then I use other signposts for potential trades.
Today it was the Day Open for a trade (including also a prior DO from a couple of days ago).
This doesn’t work or present itself everyday, so traders please do NOT focus on just these DO trades I show.
How do we find 44p in a 26p expansion market?
And why would we even try?
Well when trading one pair only I have to look inside that one pair as I do not have ONE setup and then look around for a pair where that setup is happening now (others who I know do this with multiple pairs & do it very successfully).
For what it’s worth here are some trades just to see what others might do in certain circumstances but they are not static method trades so no point seeking this in future charts imo. I'm just a discretionary opportunistic trader.
I’m done now for the asia morning, will be back for Franky Open to see how they lead price into the London Open and then what London do after a couple of hours in their lead up to the NFP (I’ll be in bed though, in Oz, by then)
Best wishes all, I love reading what all you guys are posting on Andy's thread.
And cheers Kev, for your encouragement & advice to me into adding to trades that are running (not averaging down, there’s a difference)
.
Quick visit only then back to music
.Some terrific posts, downloads, and varying styles of trading etc etc posted here recently,
cheers all, great reading.
Some great charts also, I love looking at everybody’s. Thats what FX trading & learning is all about imho.
And No One Way Is Best (IMHO)
We all look at the markets in slightly different ways, and trade them slightly differently also.
Why do we trade? Essentially to make some money, I imagine.
How (again just imho) I do this is to focus on what I know of the Market Mechanics
(nice chart work earlier spzd), and,
what we have proven to ourselves over time.
And then to share some of it with others. Hopefully as some form of encouragement.
I offer my way as “NO WAY” for anybody, it’s just what I have evolved into doing myself over a long period of time.
(and thanks, sincerely, to all who have guided & helped me along my way, a long road for sure)
Is my way “the way” … lol cut it out,
Everyday I go into the market knowing only what I know but NOT what the market knows.
I have settled at the moment on one pair essentially (at a time), to FOCUS on the Market Mechanics & Behaviour of one instrument (at a time),
and then “knowing” (lol, as best I can) that instrument I will just seek repetition (of behaviour), but - without certainty -
This morning, and with NFP tonight in NY, my expectation was a compressed market in Asia
(London could start the later expansions who knows, not me).
I leave all the Fundamental Analysis to experts as, with GBPJPY, I always wonder if they are debasing BOTH the Pound and the Yen then how will that play out for my PAIR, intraday. I sure don’t know. And I don’t know in advance which of those two currencies will be the weakest or strongest intraday or by what metric.
So I go back again to seeking knowledge of The Mechanics of the market, as best I can.
These trades below are NOT to be looked at as any “method”, they are not.
They are just opportunistic trades based on repetitions around “MANY” of the variables
(of which quite a few have been discussed here recently on Andy’s terrific thread over the past pages).
The Day Open is not a “given trade” for me,
It’s a signpost of activity of price running to it, from it, and around it, in a way that I personally see & use.
When price is elsewhere (lol) from the DO then I use other signposts for potential trades.
Today it was the Day Open for a trade (including also a prior DO from a couple of days ago).
This doesn’t work or present itself everyday, so traders please do NOT focus on just these DO trades I show.
How do we find 44p in a 26p expansion market?
And why would we even try?
Well when trading one pair only I have to look inside that one pair as I do not have ONE setup and then look around for a pair where that setup is happening now (others who I know do this with multiple pairs & do it very successfully).
For what it’s worth here are some trades just to see what others might do in certain circumstances but they are not static method trades so no point seeking this in future charts imo. I'm just a discretionary opportunistic trader.
I’m done now for the asia morning, will be back for Franky Open to see how they lead price into the London Open and then what London do after a couple of hours in their lead up to the NFP (I’ll be in bed though, in Oz, by then)
Best wishes all, I love reading what all you guys are posting on Andy's thread.
And cheers Kev, for your encouragement & advice to me into adding to trades that are running (not averaging down, there’s a difference)
.
