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Flying Dutchman

  • #5,081
  • Feb 9, 2023 3:51pm Feb 9, 2023 3:51pm
Quoting Shabs19
{quote}
I really don't see the benefit of MML, Gann Squares, Diagonals, Boxes etc. For me, it hides all the price action and market structure which I need. I think what you are trying to show is the forecasting ability of Gann indicators, but again which level, diagonal, box is correct / important to watch ?
Question is : Do you sit with pending orders at these levels or wait for a reaction then enter ? If it is the latter, then it's no better than what I have already. If it is the former, then hey ho, are we into Prediction / forecasting...

Hi Shabs,
I take it this part of your post was for Kwt, not me ?
  • #5,082
  • Edited 4:54pm Feb 9, 2023 4:31pm | Edited 4:54pm
Quoting TimeTells
{quote} Hi Shabs, I take it this part of your post was for Kwt, not me ?
Yes, for Kwt, OAPDave or anyone else, especially regarding post #5075 & #5076

Especially with no explanations of how to use them. Looks like hindsight to me with all the discretion involved.

Looks like pyramids & astrological signs IMO.

Even a little arrow here & there or marking an important level to watch would help a little.
It never gets easier, you just get better
  • #5,083
  • Feb 9, 2023 5:09pm Feb 9, 2023 5:09pm
Quoting turnip15
{quote} No smut in here please
Oops!

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Success = Practice + Patience + Persistence
  • #5,084
  • Feb 9, 2023 5:11pm Feb 9, 2023 5:11pm
Quoting fxpider
{quote} Oops! {image}{image}
Oh yeah, bring around the tops and bottoms. Such behavior.
Mark ... Everything you have been told is a LIE
  • #5,085
  • Feb 9, 2023 5:12pm Feb 9, 2023 5:12pm
Quoting Shabs19
{quote}
Yes, for Kwt, OAPDave or anyone else, especially regarding post #5075 & #5076 Especially with no explanations of how to use them. Looks like hindsight to me with all the discretion involved. Looks like pyramids & astrological signs IMO. Even a little arrow here & there or marking an important level to watch would help a little.

I am hoping this short 3 minute clip will help

John Malkovitch's speech at the 1min is a classic .

all Nick Nolte's replies are sublime


From the movie Mulholland Falls

the answer to all charts therefore is ... empty space

Inserted Video
  • #5,086
  • Feb 9, 2023 5:13pm Feb 9, 2023 5:13pm
Quoting fxpider
{quote} Oops! {image}{image}
Very Sexy.................... Both pics


Quoting TimeTells
{quote} the answer to all charts therefore is ... empty space https://www.youtube.com/watch?v=bHW5h5O-e5I
All that empty space, my head is spinning now.

Nick Nolte & Malkovich, what a combo.
It never gets easier, you just get better
  • #5,087
  • Feb 9, 2023 5:26pm Feb 9, 2023 5:26pm
Quoting Shabs19
{quote} Very Sexy.................... Both pics {quote} All that empty space, my head is spinning now. Nick Nolte & Malkovich, what a combo.
If they could have put Christopher Watkin in that seen it would have been beyond epic.
Mark ... Everything you have been told is a LIE
  • #5,088
  • Feb 9, 2023 5:28pm Feb 9, 2023 5:28pm
Maybe Nick's final reply, is how I best look at trading hahaaa

"Take 'em one at a time"
  • #5,089
  • Feb 9, 2023 5:51pm Feb 9, 2023 5:51pm
Quoting TimeTells
Maybe Nick's final reply, is how I best look at trading hahaaa "Take 'em one at a time"
At this point that is the only way I do it. Waiting for the specific scalp pattern I have come to use. Id'd through many hours of observation.

Impulse. Pullback. Rinse. Repeat. Until it is time to go the other way. <----- To me that is price movement.



That was a good scene. Have not seen that movie (shame on me).
Mark ... Everything you have been told is a LIE
  • #5,090
  • Feb 9, 2023 6:50pm Feb 9, 2023 6:50pm
Last chart posts for the week

The 1min shows the tighter entry view, while the 1hr template (my 4th templ, I have others as well) shows current directional activity.

Up or down now, we shall see.

Discretionary Target Trading with Market Mechanics and Direction style.

These probably do fall into the scalp definition, while the 2nd was on the way to that close swing target tho I closed earlier.


Morning is over. They can take it to the moon now if they want. Back for the Franky-London Session.

S preads aren't always so wide, 0.5pip larger than GU but no probs imo (they do get out to 1.2 to 1.4 pips during the day).

All the best guys

.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYM1 morning done no FOMO.png Size: 15 KB
Click to Enlarge Name: GBPJPYH1 another template.png Size: 10 KB
  • #5,091
  • Feb 9, 2023 9:18pm Feb 9, 2023 9:18pm
Quoting Shabs19
{quote} GBPJPY is a cross currency pair derived from the direct valuation of GBPUSD vs USDJPY. If a currency does not have USD in the pair, it is "derived". So the same is for EURJPY, AUDJPY, CHFJPY etc. So trading these pairs, I would always look at how USDJPY is behaving, to determine whether a GJ trade is a good option. Better still trade the UJ as it's a major pair, so spreads are better than GJ and more well behaved than GJ . Of course you lose out on ADR for the lack of volatility. I really don't see the benefit of MML, Gann Squares, Diagonals,...
To me, trading any CROSS PAIR is a BY-PRODUCT of the main trade on a corresponding MAJOR. Easy money with very little effort ( chart analysis time). Well, at least for me.
Success = Practice + Patience + Persistence
  • #5,092
  • Feb 9, 2023 10:59pm Feb 9, 2023 10:59pm
Quoting TimeTells
{quote} Hi Kwt Yes, these are the conventional ‘styles’ of trading which we would all implement to some degree. And I agree with the reasoning for your specific choice within those options. If I did have to attach a label to my trading I would call it Discretionary Target Trading, or just Trading. The industry attaches a label to the GBPJPY pair lol…. “The Dragon” hahaa. And for good reason. https://www.dailyfx.com/forex/educat...Dragon_js.html It is not a pair imho a newcomer...
Hi TimeTells,

my best guess for GJ spikes is that it trigger some algo in HFT machines, since it's always have bigger spread than UJ & GU but with NEWS it become really wide.

I agree with you that GJ is not for new traders.

I also agree that GJ is volatile, but it's the equilibrium of UJ & GU, so it has it's own behavior that can be measured and traded accordingly.

"When I trade GJ I do not like to be in the market for too long timewise at any point as it can flip & frustrate an already existing trade (depending on the UJ & GU)."
Time is the only unchanged factor in trading, it will always give you correct direction and let you stay in trades longer.
since you used M5 in your chart, here is GJ daily direction on M5 using BB 288 (1 day = 288 bars in M5), just look for reasons to always stay with the direction.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4140.png Size: 61 KB


"(ps believe it or not, this post started out as a real short one hahaa, sorry again folks)"
very easy problem to solve, we'll charge you 1$/line and in no time all thread members will be RICH. lol

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,093
  • Feb 9, 2023 11:00pm Feb 9, 2023 11:00pm
Thank you Kwt4x for posting the correct example of SQ360.
I have deleded my post. Thank you for your correction.
Finally after one month of trying i should be able to make it correctly with a correct starting point of the extreme high and other major adjustments to the measurements.
  • #5,094
  • Feb 9, 2023 11:15pm Feb 9, 2023 11:15pm
Quoting Kwt4x
{quote}
Hi TimeTells, my best guess for GJ spikes is that it trigger some algo in HFT machines, since it's always have bigger spread than UJ & GU but with NEWS it become really wide. I agree with you that GJ is not for new traders.
Time is the only unchanged factor in trading, it will always give you correct direction and let you stay in trades longer.
we'll charge you 1$/line and in no time all thread members will be RICH. lol cheers,
Hi Kwt,

Yes that spike happened in between the end of my asia box and the start of the London box in what Kev/Bluesteele calls "Monkey Business Time" hahaa.
And it would trigger HFT breakout black boxes and then the market runs them both and land price back in the middle of the spike to put the acid on open trades.

Regarding Time and GJ, well because of living in Oz I only get to trade Asia & then Franky/London later as I will be in bed by New York. So I will trade the direction during those times that I am in the markets. Sometimes both as a buyer in asia and then a seller on London, if price action works that way.

There is NO leaving my trades open. Or with a trade manager to close them for me, as I purposely "baby sit" each trade and love doing that.
I learned more that way early on and now enjoy it. I have a set target each day and I don't try to push the envelope by trading more or leaving trades run, which I could do should I choose. I am in & out, get the bickies and then listen to some music. If I was still in my 30's or 40's I would be all over this market 24/5 hahaa.

$1 / line, you are very kind sir, but, now let's see how Franky plays out first

all the best
  • #5,095
  • Feb 9, 2023 11:22pm Feb 9, 2023 11:22pm
Quoting Shabs19
{quote} Yes, for Kwt, OAPDave or anyone else, especially regarding post #5075 & #5076 Especially with no explanations of how to use them. Looks like hindsight to me with all the discretion involved. Looks like pyramids & astrological signs IMO. Even a little arrow here & there or marking an important level to watch would help a little.
it's clear that you don't have math background, and that's fine.
find your edge and trade accordingly.
just stop whining on every post please.
"the public is not yet ready for it" W.D. GANN
  • #5,096
  • Feb 10, 2023 1:30am Feb 10, 2023 1:30am


GBPJPY.

100 pips flush out down on the o'clock from the Pound Red News.

Settle down, rest, come back in half an hour and see whether they're fair dinkum or just foxing.

No trading just yet. 158.270 was a marker line. 159.130 was the starter Line. See if they rotate or stretch, or rotate and return now.
Someone has won something, and someone is caught, is all that is certain here.
  • #5,097
  • Feb 10, 2023 1:45am Feb 10, 2023 1:45am
Quoting TimeTells
{quote}
And it would trigger HFT breakout black boxes and then the market runs them both and land price back in the middle of the spike to put the acid on open trades.

One day later, same game lol.

Probably just another coincidence that the middle of the spike ie 50% is bounced again.

(AND took out the bottom of the 100 pip spike from yesterday )

Stand firm any traders here, they have to tip their hand in the next hour you would think.

Trade safe all.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 50 per cent.png Size: 13 KB
  • #5,098
  • Feb 10, 2023 2:11am Feb 10, 2023 2:11am
so the GBPUSD didn't budge on the GBP news

Looks like this man has created the excitement for the BoJ


If one man can move the market 170 pips then we may have a new Draghi on our hands

https://www.forexlive.com/centralban...rnor-20230210/
  • #5,099
  • Feb 10, 2023 3:23am Feb 10, 2023 3:23am
Quoting Kwt4x
{quote} it's clear that you don't have math background, and that's fine. find your edge and trade accordingly. just stop whining on every post please.
Easy get - out. That's fine.
It never gets easier, you just get better
  • #5,100
  • Feb 10, 2023 3:24am Feb 10, 2023 3:24am
Quoting Shabs19
{quote} Yes, for Kwt, OAPDave or anyone else, especially regarding post #5075 & #5076 Especially with no explanations of how to use them. Looks like hindsight to me with all the discretion involved. Looks like pyramids & astrological signs IMO. Even a little arrow here & there or marking an important level to watch would help a little.
Please , note the word please, look at your own posts 5069 & 5073 and apply your own PA skills that you keep telling me about , then you may have all the arrows you desire
Needless to say you won't as you have found the
Holy Grail
Yes I can see yours is an excellent way to trade but I do not have the ability or interest to trade that way, saying that I see no reason to be constantly negative about something that as I say carries no interest for me, all guys that can stay alive in this game for any length of time carry my full respect
So all I can say is
Each to their own
Just
Don't Worry Be, Be Happy
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