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Flying Dutchman

  • #2,981
  • Sep 5, 2022 9:56am Sep 5, 2022 9:56am
Quoting spzd
{quote} The window times are: Asia 2000 - 2300 London 0200 - 0500 New York 0800 - 1100 All are New York time.
Hi spzd, i'm a little confused by your time references, 08:00-11:00 new york time is 13:00-16.00 UK time not 02:00-05:00, or am i missing something, i'm in the UK by the way, and CME opening is at 14:30 UK time.
  • #2,982
  • Sep 5, 2022 9:58am Sep 5, 2022 9:58am
Quoting spzd
The basic of Burke's method, and this could be applied to many various methods, is to take advantage of certain repeatable patterns at specific times of the day. These times are in conjunction with the major equities markets opening time periods. With the reality that these patterns repeat on a consistent basis allow for them to be exploited in our advantage. Trade size can then be scaled up to maximize the return. By keeping his targets modest he is in and out of the market fairly quickly and has his screen time limited. This is the method...
Yes - you have to make it your own rather than trying to be a clone.
every Saint has a past. Every Sinner has a Future
  • #2,983
  • Sep 5, 2022 10:06am Sep 5, 2022 10:06am
Quoting chipsngravey
{quote} Hi spzd, i'm a little confused by your time references, 08:00-11:00 new york time is 13:00-16.00 UK time not 02:00-05:00, or am i missing something, i'm in the UK by the way, and CME opening is at 14:30 UK time.
This help you ?
https://24timezones.com/difference/new_york/london
0200 to 0500 New York = 7am to 10am London UK time ( Equity Open 8am UK time)
0800 to 1100 New York = 1pm to 4pm UK time ( Equity Open 2:30pm UK time)
every Saint has a past. Every Sinner has a Future
  • #2,984
  • Sep 5, 2022 10:08am Sep 5, 2022 10:08am
Quoting turnip15
{quote} This help you ? https://24timezones.com/difference/new_york/london 0200 to 0500 New York = 7am to 10am London UK time 0800 to 1100 New York = 1pm to 4pm UK time
Cheers Turnip, got ya
  • #2,985
  • Sep 5, 2022 10:29am Sep 5, 2022 10:29am
Quoting chipsngravey
{quote} Hi spzd, i'm a little confused by your time references, 08:00-11:00 new york time is 13:00-16.00 UK time not 02:00-05:00, or am i missing something, i'm in the UK by the way, and CME opening is at 14:30 UK time.
Asia 8 pm - 11 pm
London 2 am - 5 am
New York 8 am - 11 am

These times are based on New York (EDT).

You need to adjust these times to your brokers platform time.
Mark ... Everything you have been told is a LIE
  • #2,986
  • Sep 5, 2022 10:36am Sep 5, 2022 10:36am
Quoting spzd
{quote} Asia 8 pm - 11 pm London 2 am - 5 am New York 8 am - 11 am These times are based on New York (EDT). You need to adjust these times to your brokers platform time.
Cheers spzd
  • #2,987
  • Sep 5, 2022 10:56am Sep 5, 2022 10:56am
Quoting turnip15
{quote} This help you ? https://24timezones.com/difference/new_york/london 0200 to 0500 New York = 7am to 10am London UK time ( Equity Open 8am UK time) 0800 to 1100 New York = 1pm to 4pm UK time ( Equity Open 2:30pm UK time)
UK session are the Best times, nice break for Lunch included.

It never gets easier, you just get better
  • #2,988
  • Sep 5, 2022 12:03pm Sep 5, 2022 12:03pm
The big plus for me in trading this type of method is I do not look at "news" at all except to know when the time of the data release is. Every week starts from square 1. I don't even use higher time frames. If I want to see the "trend" I just zoom way out. Not needing to add more useless factoids into my already overfull mind is a very good thing.
Mark ... Everything you have been told is a LIE
  • #2,989
  • Sep 5, 2022 1:44pm Sep 5, 2022 1:44pm
Quoting spzd
The big plus for me in trading this type of method is I do not look at "news" at all except to know when the time of the data release is. Every week starts from square 1. I don't even use higher time frames. If I want to see the "trend" I just zoom way out. Not needing to add more useless factoids into my already overfull mind is a very good thing.
Simple but effective
every Saint has a past. Every Sinner has a Future
  • #2,990
  • Edited 8:33pm Sep 5, 2022 7:22pm | Edited 8:33pm
Quoting FulMargnAlch
{quote} I must have been indoctrinated since child that I cannot see the simple bottom there. Really obvious, said the old guru.
Hi FMA, G$ update.

Quoting BWilliam
About G$, everyday this week this pair traded much lower than pdl. Except Friday, when all the majors weaken against dollar NY session it barely broke low and close higher. Why? {image}
I posted the chart reducing the y-axis to show that blue box during the weekend. Example of value intent. This word intent speaks of the future. There's no trading yet, there's no pattern, no momentum to read. Absolute nothing.

This is one part of blindness. If you are not blind you see this level below Friday close. When market traded at the box you were still blind. Perhaps now "AFTER" market bounced off the box you see it. Seeing it "AFTER" means blindness. Do you realise you don't see it even "after" I posted the chart with the blue box?

I have no intention to embarrass you. My purpose is to draw your attention to the details of blindness. That's why I wrote, jot down your chart analysis and record down how you feel in real time market. This is the only way to learn about your blindness. You learn about how your brain think in real time market. How you feel in real time market - your psychology. Write it down.

Professional traders who move market don't trade pattern, their activity leave unintentional "patterns". Pattern is a consequence - there's nothing more to it, like cloud patterns don't tell the weather as example. Professional traders move market to reflect fair value.

Retail traders trade all sorts of patterns. Patterns in a void. Retail traders would have traded the same patterns if the chart was a video game. See the difference. It's important you see the difference, to recognise the extent of indoctrination. Forget about the market, more important spend time learn about your blindness. Cheers
Know what you trade
  • #2,991
  • Sep 5, 2022 7:51pm Sep 5, 2022 7:51pm
Quoting BWilliam
{quote} Hi FMA, G$ update. {quote} I posted the chart reducing the y-axis to show that blue box during the weekend. Example of value intent. This word intent speaks of the future. There's no trading yet, there's no pattern, no momentum to read. Absolute nothing. This is one part of blindness. If you are not blind you see this level below Friday close. When market traded at the box you were still blind. Perhaps now "AFTER" market bounced off the box you see it. Seeing it "AFTER" means blindness. Do you realise you don't see it even "after" I posted...
I do not mind getting embarrassed. I know I am an idiot in trading, I know nothing. I do not know precisely what is intent nor these advanced targets. But I have taken notes a lot already, perhaps I need more time and guidance.

Are you using Fibonacci in a "different" way than described mostly here on FF?

Yes or no?
The market hides a perfect geometry.
  • #2,992
  • Edited 8:52pm Sep 5, 2022 8:17pm | Edited 8:52pm
Quoting FulMargnAlch
I do not mind getting embarrassed. I know I am an idiot in trading, I know nothing. I do not know precisely what is intent nor these advanced targets. But I have taken notes a lot already, perhaps I need more time and guidance. Are you using Fibonacci in a "different" way than described mostly here on FF? Yes or no?
No, it's difficult to draw fibs on the phone. (And yes I did experiment with manual fibs to match up with a continuous fib.) Do you expect professional traders move market according to fibs? Does this supposition make sense?

Earlier I told you I don't use your whole list of retail tools that don't make sense to me. I keep it simple, very simple - open lines and the clock. And watch the professionals do their job.
Know what you trade
  • #2,993
  • Sep 5, 2022 9:15pm Sep 5, 2022 9:15pm
Quoting BWilliam
{quote} No, it's difficult to draw fibs on the phone. (And yes I did experiment with manual fibs to match up with a continuous fib.) Do you expect professional traders move market according to fibs? Does this supposition make sense? Earlier I told you I don't use your whole list of retail tools that don't make sense to me. I keep it simple, very simple - open lines and the clock. And watch the professionals do their job.
I was thinking that may be through Fibs, we can calculate the targets of the Algo. But it seems I am wrong, so back to the drawing board.

Thanks for clarifying.
The market hides a perfect geometry.
  • #2,994
  • Sep 5, 2022 9:21pm Sep 5, 2022 9:21pm
Quoting FulMargnAlch
I was thinking that may be through Fibs, we can calculate the targets of the Algo. But it seems I am wrong, so back to the drawing board. Thanks for clarifying.
I will say this 2 sentences about fibs on forum.

Fibs is overdone for targeting.
(For targeting simple statistical deviation is sufficient.)

Fibs is useful for demarcation.
Know what you trade
  • #2,995
  • Sep 5, 2022 9:35pm Sep 5, 2022 9:35pm
Quoting BWilliam
{quote} I will say this 2 sentences about fibs on forum. Fibs is overdone for targeting. (For targeting simple statistical deviation is sufficient.) Fibs is useful for demarcation.
Do I need to use equations like this or "simple" tools will do?

Attached Image (click to enlarge)
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The market hides a perfect geometry.
  • #2,996
  • Sep 5, 2022 9:41pm Sep 5, 2022 9:41pm
Quoting FulMargnAlch
Do I need to use equations like this or "simple" tools will do? {image}
Both, simple tools(makes it hands free) used with understanding by studying equations. Education is necessary.
Know what you trade
  • #2,997
  • Sep 5, 2022 9:51pm Sep 5, 2022 9:51pm
Quoting BWilliam
{quote} Hi FMA, G$ update. {quote} I posted the chart reducing the y-axis to show that blue box during the weekend. Example of value intent. This word intent speaks of the future. There's no trading yet, there's no pattern, no momentum to read. Absolute nothing. This is one part of blindness. If you are not blind you see this level below Friday close. When market traded at the box you were still blind. Perhaps now "AFTER" market bounced off the box you see it. Seeing it "AFTER" means blindness. Do you realise you don't see it even "after" I posted...
Hi William,
The blue box is very accurate. Can you explain how do you get the blue box from?
  • #2,998
  • Sep 5, 2022 10:38pm Sep 5, 2022 10:38pm
I would really like to know the whole story about this Algo. I have investigated a lot already and it will keep going.

For now, I will abide with medieval trading.

Merlin's high.

Attached Image (click to enlarge)
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The market hides a perfect geometry.
  • #2,999
  • Sep 5, 2022 11:59pm Sep 5, 2022 11:59pm
Sunday night bedtime dribble lol...


Fibs....I've dug down this rabbit hole more than once over the years...and always came up with nothing solid...
SWEARING TO NEVER LOOK AT FIBS AGAIN !!!
Fibs always seemed to work sometimes and not others....Never with a high enough probability to make me go WOW.

UNTIL.... .......(My Dear old friend ANDY !)

Until I began to truly have a better understanding of HOW the ALGO works....hint: price and time....or should I say
price at set times.

There are a myriad of possibilities with fibs( let alone timing )...retracements/extensions etc and all the levels for each resulting in so many possibilities.
But here's what I found....Moodybot/Andy and I were discussing a setup of mine and he said have you tried pulling fibs off that setup?

Well I went to work and I did test it.. manually back testing over many many years of 5m 15m and 30m charts...with several indices..thousands upon thousands of trading sessions..

And what did I find..I found a certain Fib extension gives over a 90% probability every single day of being hit (TARGET). Normally 4 days of the week this setup happens. Not a "typical" fib either.. Its one George used and showed me a few years back ... Again Thank you George

So now when I trade indices in the US session I use this Fib extension as a TARGET when conditions set up... No Im not a bazillionaire from this..thats not how it works..but it does allow me to hold onto trades to that FIB TARGET and add some size to those "qualifying" trades. I trade very low risk nowadays after learning the hard way that anything can happen at anytime. And if you dont think so you havent been in the game long enough simple as that.

As well I must say after discovering this it convinced me that the markets are absolutely algo driven..and that Ive discovered a small part of the Algo to exploit. And I must also say Im far from a Maths guy...and I know zero about programming... If I need to then I hire someone to program.. But trading is my passion and thats how I can spend countless hours backtesting manually day by day thousands of charts with several instruments.. NO GUESS WORK..JUST HARD WORK...


The Flying Dutchman...

Blue

PS keep an open mind and dont take anything said on these froums as gospel...including what I say...

BUT

DO YOUR OWN DUE DILIGENCE AND HOMEWORK... PROVE IT TO YOURSELF. and GIVE YOURSELF THE CONFIDENCE REQUIRED TO LOSE...
again trading is YOU vs YOU.
Master your Mind,,,Master the Market
  • #3,000
  • Sep 6, 2022 12:23am Sep 6, 2022 12:23am
Quoting BWilliam
{quote} No, it's difficult to draw fibs on the phone. (And yes I did experiment with manual fibs to match up with a continuous fib.) Do you expect professional traders move market according to fibs? Does this supposition make sense? Earlier I told you I don't use your whole list of retail tools that don't make sense to me. I keep it simple, very simple - open lines and the clock. And watch the professionals do their job.
Just like not using candle patterns. Those who move markets need not enjoy tools of the retail brigades. Purely retail. No?
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