Flying Dutchman

Yeah I think I would have done the same, a big factor is really seeing it in real time and not relying too much on history.

I like how you have built a filter into your method. May steal at least your concept.

Hi Zero Lag,,,,,

Post away...Im sure Andy does not think your spamming I personally like the charts you have posted.

How correct you are....."but in the end, it only has to make sense to you.... "

Well said and that is what a few of the "gurus" are missing..is the "YOU" factor....

Cheers
Blue

Kev likes you’re spam so all good. Keep posting your charts.

Hi FMA,,,,

I think the point of this thread is "why price moves up or down..."(on a deeper level tho) and if someone asks "why" then perhaps someone may answer with their opinion...
or with a chart etc....

And that is what many have done..This thread is chock full of opinions and ideas,,

There is No damning anyone that is genuine. Unlike BW who has shown to be a liar...or a Ryuryu who has shown himself to be an ignorant petulant little ass .

With that said...We all know there are a thousand ways too trade the markets and we all have our own opinions on why price moves up or down.
There is no right or wrong as it is all our individual perceptions. And our P&L determines if we are right or wrong....Unlike the self proclaimed Gurus like BWilliams or Ryuryu who DAMN anyone that trades with LINES LOL....

Last I checked Lines have made many a whole pile of money. And so has Volume and so have MAs and so have many other ways...

WHY ?? Because its NOT the system or method its because of YOU the Trader...YOU vs YOU....

YOU are the success factor. NOT MATHS NOT INDIS NOT LINES NOT DELTA .......it is plainly and simply YOU

So YES DAMN the FAKES that say there is only one way...
DAMN the FAKES that SAY "Line traders are Liars"`BWilliams

and YES if you want to ask why price goes up or down ask..
But the real and much more important question is "What will YOU do when price goes up or down"

Because YOU are the difference

Cheers
Blue

Just a follow up to BWilliams....aka Post/Edit/Delete guy...

You still havent answered BW....What EXACTLY did you mean when you said the below underlined quote....
Can you please point me to the post where you have answered this? As now you have said you have answered this...
But then you delete posts so its hard to follow you...

So please !
Show us all your not full of and I will take back every word I have said about
you that you are nothing but a troll and a liar.....

Tell us exactly what you mean?

In another thread, I noticed this post showing USDCAD with 2015 and 2018 Close levels marked.
It got me thinking about analyzing Yearly Close levels for more than just those two years, so I manually marked up a USDCAD,Daily chart with several years worth of lines. I marked with tan ovals just *some* of the mainly H/L pivots, or Daily O/C, that were extremely close touches of one of the lines. ( The gray ovals are touches with what *later* becomes the yearly Close for 2021).

The recent highlight is that the 2015 Close at 1.38332 (on this GlobalPrime broker feed) was a perfect +0p match for Sep 28th High. The Sep 30th 1.38380 High is just +4.8p higher above this line. Depending on which broker feed one looks at, sometimes the Dec 31st Close is even closer to the Sep 30th peak, or perhaps consider the Jan 2-3 Open instead. Regardless, we're talking a fairly narrow window of pips (5-10p) for the 2015 Yearly Close level that caused on 1st touch a ~230p fall, then a ~330p fall.

I'm thinking about -- but don't yet know -- how to watch for touches and interactions for so many lines, given just one FX pair example here, and given these are just a few years worth of Yearly Close levels. I haven't yet shown the far more Monthly/Weekly/Daily lines which are more often mentioned by others in this thread (usually Open), nor all the other O,H,L levels besides the C I've shown. What is also clear too, is that all the levels get blown right through plenty of times, at least by these Daily candles which obviously don't show smaller TF details. So, it's even tougher to know when a level will hold, and when it won't, but there's enough PA action that respects these lines to know that they are worth considering for trade opportunities.



I would point out that I discussed a similar GU chart that BW had posted two lines for an earlier major GU low (PFL - Peak Formation Low) before PA touched and reacted stronger to the line(s). (Obviously soon after, the GU broke down to new lows, but after reacting to BW's lines).
See my post:

what name of this indicator ? please

Not the correct Forum to ask this question, use Platform Tech next time.

It looks like a Standard Deviation Channel indicator

Any attempts at filtering will test your resolve to not trade. I took a quick look at my pairs and see no configurations that meet my criteria for tomorrow. Lets see how I do at not trading tomorrow.

From Tom Hougaard
Sunday Night OCT 9 2022 Diarrhea

The Default Mind Switch – Part 1

I have been exposed to many trading philosophies in my professional career. At its core all techniques fall into one of 4 categories:

1/ you buy low, and you sell high (anticipating or reacting to a bullish reversal)
2/ you buy high, and you sell higher (momentum trading)
3/ you can sell short high, and cover lower (anticipating or reacting to a bearish reversal)
4/ you can sell short low, and cover lower (momentum trading)

Whichever approach we use can be traced back to these simple fundamentals of the market. It doesn’t mean there can’t be losing trades. By its very definition of the “market” someone must do the opposite to you, otherwise you can’t facilitate the trade, and they are interpreting the market differently than you do.

In other words, trading is simple. You get a signal. You react to that signal by establishing a position. Then you manage the position.

Simple.

This simplicity is what attracts people to the market. It seems so simple. And it is simple.

The cruel reality is that every trade carries with it a very real risk of loss, and money is deeply tied to people’s emotions, perceptions of self-worth, self-image, safety, security, social status etc.

The reality for most traders is that this business isn’t simple at all! They will receive a signal. They will act upon it. THEN they begin the process of an internal dialog as they argue with themselves about whether or not to take a position. The potential of loss creates stress and anxiety in their minds, which leads to procrastination and often a period of hesitation.

This emotional discomfort will often (I wanted to write “always”) lead to unintended impulses, stress, discomfort, anxiety, second guessing and remorse.

Our brains are biased towards fear avoidance, towards uncertainty avoidance, and towards risk avoidance. We might tell ourselves we are risk takers, but our subconscious have the final say in that argument, and it is not a risk taker.

Our minds are compromised. We are operating on a piece of software that ensured our survival 100,000 years ago, when as tribal hunter gatherers our lives were constantly challenged by a harsh environment filled with food uncertainty and physical danger.

When the brain perceives a threat, it begins a sophisticated rebalancing of internal resources. One of the most damaging aspects of this for traders is that when they experience a “fight or flight “response to trading stressors.

The brain pulls glucose away from brain function and digestion and re-tasks it to the muscles needed to fight or flee the threat.

This results in less fuel for the brain, and the suppression of higher-level cognitive function. Simply put, when we take a trade, and experience that “lump in our throat” we become measurably less intelligent, less objective, and much more emotionally reactive.

It is not the lack of technical knowledge that separates the winners from the losers. We look to others to solve our problems and smart businessmen and women are there to take your money in return for giving you safe passage to the promised land of profits.

But they are wrong, because if they knew the real reason, they would not only teach you how to operate the tools. They would tell you how to operate the mind that operates the tools.

Our default switch in our brain is what we need to address to turn this ship around. This default mode is responsible for all of our inner dialogues. If you change that, you literally change your world instantly.

For the majority of people on this planet, they engage in a dialogue that produces almost entirely self-limiting and negative conclusions and outcomes. If you ever had the thought of “I am not good enough”, “I am not worthy”, to name a few, then welcome to an active default mode network.

But I will teach you how to change it – one small step at a time, so that your mind becomes your greatest asset as opposed to your liability.

But I warn you – up front – that it is not a one-off fix. It is a daily routine – often repeated several times a day – until a rewiring is in place. And even so – like a muscle – it is a life-long endeavour to keep it strong through repetition and pressure.

I say it is a small price to pay for the life you want.

Until tomorrow


Tom

Always valuable posts Kev/Blue, and a pleasure to read.

It all fits in just so well with the phrase you introduced us to,
in relation to our thinking, in that it is NOT we versus the market.
As it is, and has always been

US vs US
(or personally, YOU vs YOU)

If the markets don't change,
and we can show they DO repeat (daily)
https://www.forexfactory.com/thread/...6#post14171956

then Tom is right on the money,
we can be the ones to change ... us.

Keep 'em coming Kev

Looking at EURGBP, while it did not close below the Close 2 days ago, it did not get far. Market seems a tad weak to me. I will keep an eye on it.

Nice humble guy. Watched his videos a long while back, the ones he made for Saxo Bank.

No Jets, Flash Cars or Rolex Watches.

Hi Bluesteele
Nice post this was the problem i was facing before charts.
I would request you to post some charts based on anticipated and momentum entry.

I have found, for me, the best way to trade EUR_GBP is scalping mode.

Star Wars.mql

Two trades this morning giving
#1 ANTICIPATED REVERSAL SWING TRADE (OPEN)
#2 MOMENTUM/CONTINUATION DAY TRADE (CLOSED)

#1Anticipated Bearish Reversal
Ive sold USDCHF exactly AT 1.000 Reasoning basic measured moves as marked on chart off of 1.000 simple as that..
(3/ you can sell short high, and cover lower (anticipating or reacting to a bearish reversal)



#2 Momentum Continuation trade
4/ you can sell short low, and cover lower (momentum trading)

Ive sold off the open of 2nd 5M candle... Again off large 17:30 reversal on open of 17:35 candle
Sold off break of box..stopped out last entry was best with all confluences as noted..
Chart is self explanatory...

Box is based off of Al Brooks...who lays out the probabilites of these 18 5M candles that form the NY open Box.

Great charts above Kev

Just keeping ryu and his 4th amigo in the loop as I know you would wish to help others having issues with Price/Lines also



Ryu is not really a hypocrite, maybe just still learning his own reality

Is ryu a closet horizontal line trader as well, by his own admission

https://www.forexfactory.com/thread/...7#post14170537