Flying Dutchman

Oops!!

Follow the pied pipers and put your money into crypto!!


https://www.dailymail.co.uk/news/art...hange-FTX.html

Okay, well makes the statement "There Is No Volume" seem quite accurate now

These things can cascade, pls do your required due diligence folks with any risk ventures, we are embarking on global fiscal activity many have not seen before imo.

Will it be Domino’s, fried onion rings we’ll have to wait and see!!! Hope it’s chips it’s chips…

Would it be safe to say that crypto has about zip in liquidity hence the large spreads.

Also, can one assume that most who claim to be making gazillions off crypto are - lying. Or con artists.

Often compared to pyramid selling, the first ones in, make the money, the last ones entering lose.

Like the tech boom, or the tulip mania in 1600's amsterdam. Fortunes made & lost overnight.

TRADER TOM
VERBAL DIARRHEA

Good morning,
A new week is ahead of us, full of opportunities. I am always excited about Mondays, and at the same time, I admit, intimidated by them. “What is the mood this week?” is something I often think about when I prepare for a new week. “Can I rely on the mood this week is the same as last week?”. These are some of the thoughts that I entertain when I prepare for the day and week.

This week will be my last week before I take a break. I look back upon 2022 and I think “wow, what a year – with covid – with long covid – with health issues springing up everywhere, reminding me to take time off trading too.”

In my talks, as well as my book, I talk about “how you live your life”. I argue that the person who is calm and considered in everyday life is calm and considered in his or her trading life. I am calm and methodical in my preparation for the trading day, and I like to think that I am calm and methodical in my day to day life.

But – it wasn’t always like that. My favourite quote at the moment is from Nicole LePera, who in her book “How to Do the Work” says about work that:
“The real work has nothing to do with anything “out there.” It has everything to do with what’s in you. It comes from you. Healing is a daily event. You can’t “go somewhere” to be healed; you must go inward to be healed. This means a daily commitment to doing the work.”

It holds true to me in so many respects. I relate this to your journey as traders. It is tempting to put your faith in “someone out there”, who promises to give you the key to the secrets of the markets, for a price. I started the Telegram channel because I wanted to guide and inspire at no cost.

The flipside is that my advice is probably harder to follow. What do you prefer? To spend a weekend to be told all the secrets of the FX market (at a cost to your wallet and your time), or to explore your own truths and find your own way little by little (at no cost to your wallet – but certainly testing your resolve to make it in trading).

That is why I like to be reminded, like I did by Nicole LePera above, that our commitment to our craft is not a one-off course to attend every now and then, but a life-long commitment to the betterment of our lives, professionally and personally.

Don’t ever think you can’t make it in trading. It is entirely up to you. Don’t let anyone tell you who you are — you have to have a bigger idea of who you are than how society sees you. We are not reckless gamblers, pursuing a dopamine rush. We are not casino goers. We are self-directed hard-working committed professionals, who review and explore, weeding out our bad behaviours and traits, so that we can navigate the markets with confidence knowing that while the market can throw us curveballs, our commitment is constant and relentless.

I am not going to fool you. It is hard work. Over the weekend I spent time to talking with a newcomer to trading, and I listened to all the things that I had forgotten I didn’t know when I started. I created a “program”, a course if you like, yesterday, which I will publish shortly. It is a self-directed program on how you can create mastery in your trading life. By self-directed, I mean you buy the resources yourself. I simply tell you what to read, what to study, what to focus on. I will post that document here shortly (but not today – right now I am typing up School Run – which I will publish Friday).

The central theme of the “course”, which is obviously free to you, as it is merely a long document of thoughts and resources, is an observation I made in my own research. The difference between predictions in your trading (i.e. executed trades) and outcomes (what actually happened to your trade) is the key to understanding a perverse property of learning to trade: if you’re predicting perfectly, your brain doesn’t need to change further, and you won’t learn from it. Changes in the brain happen only when there’s a difference between what was expected and what actually happens.

~Tom Hougaard

USD/JPY Gains buys ahead of GBP/USD sells 4 hour trend & U.S Treasury should gain from %Treasury Bonds & Central Interest Rates

Cable this morning. The open lines were useful this morning as were the 15 minute levels ( Thanks for telling me to zoom out guys) All done before the open. Roadmap was again key in reacting to these levels on the 5 minute. A good morning. Just wish it was so straightforward everyday but watching stops and levels was key. I now work on some profit is better than none in that I don't like price coming right bak to the open on an initial trade.
Comment welcome cos I am always keen to learn from experienced traders.
off for Christmas break now - enjoy

Do you notice everyday there is a pullback at the start of the UK session, Why do you think that is ?

I don't know

Chugging away still.

Is SP500 doing the same thing?
NOT traded by me - I am technically on festive holiday
As an aside I am road testing some chocolate Christmas biscuits

I say chaps. look at the box !

Move along please - nothing here but us levels

There is NOTHING RANDOM in the markets.....
Everything is MEASURED AND TIMED.....
Specific Measured Point to Point Moves.....
I know after many many years in this game ...
This is very true .. I see it every single day...
I trade it Every single day....
Specific Measured levels and timing.
It's how it works.....

Results the USD/JPY Bought from post @136.78 hit 100pip target @137.78... also (10yr Treasury gained 1.35%) only the DJ Transportation did slightly better. GBP/USD Sold right as DOW JONES(USD)OPEN 9:30AM EASTERN.

Tonight's Direction on the JPY PAIRS Sells GBP/[email protected]
Chart on 8hour show peaking Highs and Asian market reflects off of the U.S Market gains Earlier today. F
Mainly from consumer purchases out of United States towards Asia(China) Manufacturing...

Dear Flying Dutchman Members
Due to forex trading prohibited from our country(India) i should trade only our exchange indies and stock
I would like to know do George stop-loss hunting work on indies?

So true.