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Flying Dutchman

  • #3,441
  • Sep 22, 2022 10:11am Sep 22, 2022 10:11am
Quoting spzd
{quote} Where/what was your entry if I may ask.
11565 - see arrow
every Saint has a past. Every Sinner has a Future
  • #3,442
  • Edited 10:26am Sep 22, 2022 10:15am | Edited 10:26am
Quoting turnip15
{quote} Nearly - so far - hit 11500 {image}
It hit target......without me though

11475 level hit - which was just below my surmised PFL. Murphy's law in action or I should have had more faith and not closed up stop too quickly...but a little profit is better than none. Well - makes me feel better.
That's it for today. Excellent lesson in psychology regarding myself.
Back tomorrow.

EDIT: Posted 5 minute chart by mistake. here is the correct chart - one minute.
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every Saint has a past. Every Sinner has a Future
  • #3,443
  • Sep 22, 2022 12:16pm Sep 22, 2022 12:16pm
Quoting angelofx
{quote} de·mar·ca·tion [ˌdēmärˈkāSH(ə)n] NOUN the action of fixing the boundary or limits of something: "the demarcation of the maritime border" synonyms: separation · distinction · differentiation · division · delimitation...
Hi anglefx, this demarcation thingy seems a bit hmmm. How do you see it? Is it a zone as you put it or a line as BW put it? Your chart has a zone? Wouldn't having a demarcation seem to be OB/OS thinking?

BW for you where does the 1.1514 number come from? Futures pricing? Why the word hemisphere? There is no sphere in a chart.
  • #3,444
  • Sep 22, 2022 2:01pm Sep 22, 2022 2:01pm
NAS100 NY sessions:

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Attached Image (click to enlarge)
Click to Enlarge Name: US100.cash M1 2022.09.22 18.35.13 (Manual).png Size: 18 KB
Dont be upset with the result you didnt get from the work you didnt do
  • #3,445
  • Sep 22, 2022 6:34pm Sep 22, 2022 6:34pm
Quoting FocusWinReal
{quote} Hi anglefx, this demarcation thingy seems a bit hmmm. How do you see it? Is it a zone as you put it or a line as BW put it? Your chart has a zone? Wouldn't having a demarcation seem to be OB/OS thinking? BW for you where does the 1.1514 number come from? Futures pricing? Why the word hemisphere? There is no sphere in a chart.
Hi FWR, 1.1514 is the open for Sep6.

Perhaps the better word is cycle instead of hemisphere.

A demarcation is a price that denote the crossover point whether market will take value higher/lower or not. There are many examples in yesterday's volatile market. Cheers
Know what you trade
  • #3,446
  • Sep 22, 2022 6:44pm Sep 22, 2022 6:44pm
Quoting whitesta
{quote} Hi sharingan9, could you please share ur pivots indicator.
Here you go buddy. I put this indicator on multiple times and set each one to a different timeframe and it will show you pivots of all time frames except yearly.

https://drive.google.com/file/d/10kf...ew?usp=sharing

Here are ones that have yearly pivots if you are interested in that for some bigger picture analysis. I just put this indicator on for the yearly pivots and turn all the other pivots in this indicator off

https://drive.google.com/file/d/11uc...ew?usp=sharing
  • #3,447
  • Edited 8:05pm Sep 22, 2022 7:05pm | Edited 8:05pm
Quoting BWilliam
Hi FWR, 1.1514 is the open for Sep6. Perhaps the better word is cycle instead of hemisphere. A demarcation is a price that denote the crossover point whether market will take value higher/lower or not. There are many examples in yesterday's volatile market. Cheers
Examples of demarcation line yesterday,

G$ hit day high at the same demarcation as FOMC the day before.

People are told the support resistance is at previous high lows, in a way it is and it is not. This example give you an idea why not, that previous high low as support resistance is faulty. It's merely a symptom shown as a linear pattern on our chart.

The reality is 99% of traders(regardless winners or losers) are pattern traders of some sort. The pattern knowledge is gleaned from 10000hours chart staring experience. (Level2 volume traders fall under this same pattern category.)

Other clear examples are all the yen cross hit major demarcation line after BOJ rate announcement as expected. This is the reason why the central bank acted to intervene directly in the interbank market at that price and time to halt the speculation activity on the yen weakness. Such intervention is normally priced at approx 400pips.

GEfx hinted at possible BOJ intervention here.
Quoting GEfx
Also, in the last 24 hours, the $Y has been an ATM machine, notwithstanding the back handed threats of intervention. Hope you got some. Good trading!
All these BOJ market intervention has taken market to the next major demarcation line. Market participants are watching whether BOJ is aggressive enough to move value below or not. Right now the answer is no. So, economic conditions and future policies determine value intent from here.

As usual, just sharing my opinion and views. Cheers
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Know what you trade
  • #3,448
  • Sep 22, 2022 10:26pm Sep 22, 2022 10:26pm
Quoting sharingan9
{quote} Here you go buddy. I put this indicator on multiple times and set each one to a different timeframe and it will show you pivots of all time frames except yearly. https://drive.google.com/file/d/10kf...ew?usp=sharing Here are ones that have yearly pivots if you are interested in that for some bigger picture analysis. I just put this indicator on for the yearly pivots and turn all the other pivots in this indicator off https://drive.google.com/file/d/11uc...ew?usp=sharing...
Thanks for the indicators.
  • #3,449
  • Sep 22, 2022 10:42pm Sep 22, 2022 10:42pm
Quoting FulMargnAlch
{quote} You can use this brother. Just play with the indicators to get the settings you want.{file}{file}
Thanks Bro
  • #3,450
  • Sep 23, 2022 1:38am Sep 23, 2022 1:38am
Same set up. Each trade. Value found at bottom of the session because session broke below pivot. Value below pivot. I trade in the value direction.

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  • #3,451
  • Sep 23, 2022 1:40am Sep 23, 2022 1:40am
Stops dragged to protect entry and half the order closed on EA because EUR news is coming up in a few minutes. Bearish forecast so hopefully it sends the EUR down further
  • #3,452
  • Sep 23, 2022 1:51am Sep 23, 2022 1:51am
Quoting FocusWinReal
{quote} Hi anglefx, this demarcation thingy seems a bit hmmm. How do you see it? Is it a zone as you put it or a line as BW put it? Your chart has a zone? Wouldn't having a demarcation seem to be OB/OS thinking? BW for you where does the 1.1514 number come from? Futures pricing? Why the word hemisphere? There is no sphere in a chart.
I was hoping i'd get some clarification. Bwilliams draws a line and it's a word that's been used a lot so i reckon it must be a very important tool at his disposal.
I was hoping he'd shed some light on how it's derived.

edit: i see he's expanded on it let's see if we learn a thing or two from his posts
  • #3,453
  • Sep 23, 2022 1:53am Sep 23, 2022 1:53am
Quoting BWilliam
{quote} Hi FWR, 1.1514 is the open for Sep6. Perhaps the better word is cycle instead of hemisphere. A demarcation is a price that denote the crossover point whether market will take value higher/lower or not. There are many examples in yesterday's volatile market. Cheers
Thank you
  • #3,454
  • Sep 23, 2022 1:57am Sep 23, 2022 1:57am
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Still long on AUDCAD as well. Stops protected. Not sure if this will fly up but profits are locked in.
  • #3,455
  • Sep 23, 2022 2:05am Sep 23, 2022 2:05am
Attached Image (click to enlarge)
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London session clearly perceiving value at lower prices as well. First 5 minutes and we pushed down right at the open

US perception of value can influence the other sessions' perception of value:

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  • #3,456
  • Sep 23, 2022 2:31am Sep 23, 2022 2:31am
Hi BWilliam,

Still on demarcation line, kindly enlighten me on the following,
1. Does the demarcation line changes on weekly basis? Or on daily basis? For instance when we say that the current GU demarcation line is 1.13134, can we use that level for the whole of this week?
2. On yen pairs where by you gave as a clear example that indicated demarcation line being hit yesterday, i was keen on UJ and i had marked 140.834-this happened to be an open line from some past days, was this a correct demarcation line?
3. Is demarcation line the same as algo level?
  • #3,457
  • Sep 23, 2022 2:38am Sep 23, 2022 2:38am
Quoting BWilliam
{quote} Examples of demarcation line yesterday, G$ hit day high at the same demarcation as FOMC the day before. People are told the support resistance is at previous high lows, in a way it is and it is not. This example give you an idea why not, that previous high low as support resistance is faulty. It's merely a symptom shown as a linear pattern on our chart. The reality is 99% of traders(regardless winners or losers) are pattern traders of some sort. The pattern knowledge is gleaned from 10000hours chart staring experience. (Level2 volume traders...
Is this what you're talking about? 1.1357 is a line of demarcation
Attached Image (click to enlarge)
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  • #3,458
  • Sep 23, 2022 4:06am Sep 23, 2022 4:06am
Quoting angelofx
Is this what you're talking about? 1.1357 is a line of demarcation {image}
Hi Angelofx, yes, in my reply to whitesta earlier I revealed that intraday demarcation line that's was all the while sitting on our chart left by the professional traders moving value activity that they do daily.
https://www.forexfactory.com/thread/...9#post14147129

This is the clear example why ob/os, support/resistance, bands, distance, fibs and all other metrics don't work correctly. Cheers
Know what you trade
  • #3,459
  • Edited 4:40am Sep 23, 2022 4:20am | Edited 4:40am
Quoting Ctonic
Hi BWilliam, Still on demarcation line, kindly enlighten me on the following, 1. Does the demarcation line changes on weekly basis? Or on daily basis? For instance when we say that the current GU demarcation line is 1.13134, can we use that level for the whole of this week? 2. On yen pairs where by you gave as a clear example that indicated demarcation line being hit yesterday, i was keen on UJ and i had marked 140.834-this happened to be an open line from some past days, was this a correct demarcation line? 3. Is demarcation line the same as algo...
Hi Ctonic, this is the UJ chart.

There are demarcation lines for intraday, intraweek and so on. They remain until market decides to recalibrate the value of the asset. Price oscillates in buy/sell cycles around this demarcation line. Intraday demarcation line can remain for a few days, intraweek demarcation line can remain for a few weeks.

Here's the confusion.

Look at the UJ chart carefully. There's the demarcation line, the high and low.
They are not the same.

In traditional support/resistance idea, there's high/low only.

This resistance high can be a real value high or a demarcation line.
This support low can be a real value low or demarcation line.
Or it's simply the high/low that can just be any spot on the chart that has no relation to the real high/low value.(look at the rest of the UJ chart to see what I mean).
Cheers
Attached Image (click to enlarge)
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Know what you trade
  • #3,460
  • Sep 23, 2022 4:29am Sep 23, 2022 4:29am
Quoting BWilliam
{quote} Hi Ctonic, this is the UJ chart. There are demarcation lines for intraday, intraweek and so on. They remain until market decides to recalibrate the value of the asset. Price oscillates in buy/sell cycles around this demarcation line. Cheers {image}
Hi BWilliam, is there a special formula to calculate the Demarcation Line?
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