Meanwhile, back at the coal face we mine a few points here and there taking losses along the way like what I do.
every Saint has a past. Every Sinner has a Future
- #5,102
- Feb 10, 2023 4:34am Feb 10, 2023 4:34am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
Success = Practice + Patience + Persistence
- #5,103
- Feb 10, 2023 4:52am Feb 10, 2023 4:52am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #5,104
- Feb 10, 2023 5:18am Feb 10, 2023 5:18am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #5,106
- Feb 10, 2023 6:24am Feb 10, 2023 6:24am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #5,107
- Feb 10, 2023 6:27am Feb 10, 2023 6:27am
- Joined Dec 2018 | Status: Trader | 4,596 Posts
IMO, the most nakedly manipulated currency is the JPY. Due to the... High frequency of the CB intervention. Unscheduled release of BIG RED NEWS (GHOST NEWS) Unlike other currencies, even the RED NEWS in the calendar, always have a tentative time of release. Even The CB shamelessly admits the intervention after doing it. Too many DOGS involved. I will put the CHF, in the second spot on that list. On the other hand, AUD and NZD are the two most well-behaved bad boys.
I couldn't agree more Fxp
I find it amazing (and somewhat hilarious in my own sick minded way hahaa
)However, I'm going to go with Highly Organised as the narrative
(and they are surely just taking the p!ss out of us traders, but hey)
{quote}
One day later, same game lol. Probably just another coincidence that the middle of the spike ie 50% is bounced again.
Trade safe all. {image}
Last chart for the week (I know, once again sorry). I'm hitting the sack now, have a safe weekend folks.
They can do whatever they want in New York (and they usually do)
.
- #5,108
- Feb 10, 2023 6:33am Feb 10, 2023 6:33am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} I couldn't agree more Fxp
Is that UK time?
every Saint has a past. Every Sinner has a Future
- #5,110
- Feb 10, 2023 7:01am Feb 10, 2023 7:01am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Hi turnip, Mate that was around the Franky open, the Zep lasted from 04:40 chart time to 08:55 chart time with a couple of mini-spikes in between for good measure. You gotta sit on your hands for so long, and then "miss" the blastoff lol, and can't do anything then for two more hours, cept eat & have a quick ale and hope for an entry. Sometimes it's more exhausting waiting, than trading if you know what I mean. Have a great weekend.
Thanks TT.
have a great weekend everyone
every Saint has a past. Every Sinner has a Future
- #5,112
- Feb 10, 2023 8:11am Feb 10, 2023 8:11am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #5,113
- Feb 10, 2023 8:19am Feb 10, 2023 8:19am
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
Mark ... Everything you have been told is a LIE
- #5,114
- Edited 1:05pm Feb 10, 2023 9:29am | Edited 1:05pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #5,115
- Feb 10, 2023 12:14pm Feb 10, 2023 12:14pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} Hi Turnip15, Ata time it seems to work great there!! But at another time .... ??? i am so confused ....-888
Enjoy your weekend
every Saint has a past. Every Sinner has a Future
- #5,116
- Feb 10, 2023 12:20pm Feb 10, 2023 12:20pm
- Joined May 2022 | Status: Grateful for the Roulette Epiphany | 1,916 Posts
{quote} Nothing is 100% gauranteed, if it was the market would seize up. That's why you have stops and discipline to stick to your method. trading success is mostly in the mind; I just have to find mine
This is the same belief I have and it is unshakable.
Life itself is a privilege, but to live life to the fullest is a choice
- #5,118
- Edited 11:08pm Feb 10, 2023 10:58pm | Edited 11:08pm
- Joined Dec 2018 | Status: Trader | 4,596 Posts
Hi TimeTells, OAPDave its a BEHAVIOUR with TIME ( band is timed 48 band on M30 = 1 day. 48 Band on M15 = 1/2 a day )
See the MA has been showing the DIRECTION pointing up M15. then on Friday GJ changes its behaviour, stops moving up and fails to make a higher high bands MA GOES FLAT + bands squeeze. Price goes under Bands MA Price breaks + change of direction I seen all this with my eye.
Hi Ian,
Cheers, I love looking at all charts.
Only imo here, we should be careful not to assume that the MA changes the direction of price.
The MAs of course are taken from historical data and so they actually follow price (ie price leads).
I am not knocking MAs at all as I use them and have 5 varying templates with MAs so I can watch my charts from a distance rather than sit glued to a screen.
As you can see on your first chart the spike down in the middle-right and the subsequent candles breaking under the MA did not change the direction of price.
I am sure you know of the market mechanics where the 'shake-outs' come just as price (and MAs) seems stable so, as long as you are on your toes the market tricks won't catch you out (I still get caught occasionally as the shake-outs can vary
).I guess the point I could make for any new traders is this,
Take the Indis off Ians charts above and you can STILL SEE the direction price is headed and WHEN it changes direction.
As long as new traders understand that an indicator will change direction AFTER and based on what PRICE does first, which can be just visual anyway.
Here's an exercise I did for myself some time back utilising just a 21 ma in its various styles with a same period Donchian Channel.
On the top right corner (and the 2nd chart) we can see where the indicators can let down a trader (50 pips) by only following them specifically when PRICE varies.
Good charts again Ian, thank you, I enjoy everybodys.
Here's the post from a year back and the MAs.
(edit: actually here's a better look at the same MAs but with an exploded chart below again to show the 50 pips Fake N Flip
the CHARTS are at the bottom of the long, sorry, post and the CHARTS are what I mean to show here)
https://www.forexfactory.com/thread/...6#post14186326
