Flying Dutchman

Heavy Metal trading , LIVERPOOL FC style

1. UCAD 1min.
2. CPI data.
3. Fast in Fast out.
4. Line of play: RN and Qtr

AUDUSD is the third largest traded in volume after, EURUSD, USDJPY even greater than USDCHF, followed by GBPUSD apparently.

NZDUSD is much lower behind HKD & SGD but above EURJPY & GBPJPY

Stats from https://www.bis.org/statistics/rpfx22_fx.htm

Mondays are of TWO kinds.

1. Either it is a follow thru of the previous week's setup.
2. Or it is setting up the current week's action.

TUESDAY has only one job that is, TO CREATE CONFUSION. Today's PA across the market is a gr8 example of that.

The spreads for HKD & SGD are ridiculous to trade. Anyway, I am not loyal to any pair or currency. I trade the opportunity, provided that the spreads and liquidity are reasonable.

USD Red News is going to shake the markets, either avoid trading at that time until after 15 - 30 mins

or trade other cross pairs such as EJ & GJ not as badly affected.

If the market is like this, I don't need a sleeping pill.

Andy / Moody always reminds us to keep an eye on Thursdays also


A little GJ came into play. But where to now? Just watching.

Targets above, targets below, is all I know

.

Please use this new one if you like. it is all complete.

Ian

Hi Ian,

Hope things are okay pal. Thx again for uploading your charts.

I am trying to look behind the Gann Fanns & the subsequent diamonds they form on your chart as the month progresses to get a starting point in my head on their actual origins. The 0 -8 grids I grasp as we have discussed those before with Kwt and dave.


There has always been an implied mystery or secret (society) around Gann and in my day I read as much as I could (incl “Tunnel”) and while getting a hint of what he "might" be saying I found I was unable (in the end) to put the information which I retained into practice for trading “in the trenches” then intra-day (just me).

It may well be that your Fann/Grid chart is designed for what I term "long haul trades" and more likened to an ‘institutional’ style of trading of getting set first and then waiting through the subsequent ups & downs until price reaches your expected end point (a target for TP).

This info origins on your chart may well be secretive to you, which I would understand, and did understand also when BW said he had found the market maths but was unable to share it publically as too many others had been involved in the process of development with him to throw those years of time & effort away lighly in a public arena - and I fully understand that - BW was merely saying the answer is out there for those that choose to seek it.

If your is the same situation I am not asking you to throw it all out here, in what can be a sometimes welcoming & sometimes hostile environment. No probs.

And at this point I won’t go too much into the nature of a four chart for me and how that doesn’t quite fit my time/lifestyle of trading as the first candle of the day/week “completes” at 04:00 which is noon in Aus, the next 4hr candle completes at 08.00 which in Aus is the hour before Franky, the next 4hr candle completes at 12:00 which is two hours after the London Open and the next at 16:00 which is then one hour after New York open when I am in bed.

For those “times” I allocate myself to trade, unfortunately none of the 4hr ‘past’ candles really fits neatly into when I trade - bar the late Asia/lunch first one (just before what Kev/Blue calls Monkey Business Time in the market hahaa) and then the pre-Franky session 4hr candle where I DO trade. So I essentially get to look at one ‘master’ four hour candle each day and, so no thx, I would then go down to the 15m & 5min for my trading then of "market mechanics" & structure break attempts (with entries on the 1min for some finessing to offset spread+comms a little, which doesn't always work out of course lol).

---
(late edit lol: sorry Ian, the black chart and small printing tricked me, so it was me that missed the sync, yes it IS with the 0/8 and 8/8 cheers lol)
---

(edit: this Q not needed now ---_
So hopefully then just One Question for your 4hr Fann/Grid chart please.

I see you start your Monthly (Gann) Fann at the first day of the new month but for the life of me (and it is probably quite simple) I cannot reconcile the reason you hook the fans starting point where you did at the top left and where you did at the bottom left.

Are you at liberty to advise why hook at those points for the fanns top left and top bottom, that create the Diamonds for you as the month progresses, as they don't seem to sync exactly with 0/8 & 8/8 grid.

all the best again

Hi Pete

This was the original message below about the measurements from kwt4x to me. it is helpful.
the kind of diamond shapes nothing in those that I know of.
The fan drawn from the top and bottom as far as I know because its the range (low to high/ high to low) from the previous week for H1. Also its the range (low to high/ high to low) from the previous month for the H4.
These measurements are then used like now for the current months trading for the one I posted.
Here is h1 template for this week. I used the Fib time zones from the insert tab to just divide the week into quarters on this one.
My fib fan I set for these 0.0 0.125 0.25 0.375 0.5 0.625 0.75 0.875 1

All the best too Pete. My oldest brother has cancer in his left lung, liver, pancreas and bones in his back.
I dont like the chances of survival. It not good. Im looking into Johanna Budwig who was a German biochemist, alternative cancer treatment advocate and writer.
.......................................................................................................................................

Hello Ian,
GANN & Fibonacci used simple rules for measurements, EVERYONE else complicated the rules and made it a wormhole of guessing game.
images attached is simple rule of PERIOD measurement(previous week measurements to get the current week levels)
https://cdn.discordapp.com/attachmen...unter_3130.png
https://cdn.discordapp.com/attachmen...unter_3131.png
tools used:
cycle line, for start and end of previous week as time.
fibo ret, for high and low of previous week as price (change the default fibo %'s to GANN %'s , 0.0 0.125 0.25 0.375 0.5 0.625 0.75 0.875 1 )
after getting the correct box of previous week time&price use the trend line to draw angles,grids or both(up to you), but you will know the exact % of the lines.
5 minutes in the weekend to make the measurements, will save you a whole week of guessing. just use simple DOW reading compared with the major levels you have to daytrade or swing.
cheers,

For monthly same rules apply like the weekly, you measure previous month to have the correct levels for current month.
you do not measure a LIVE period before it ends.
all you need is the major angles and grid to make the future S/R reading more clear.

Cheers, thank you Ian, all the best

That's it for now. Lines everywhere by golly

I see you got rid of the dreaded FVG's off your charts LOL

Yep - gave up. When I saw a red bar FVG I used to think " oh, a short" but often it went the other way
Sticking to me channel and adding lines etc from this thread.

Wise choice.

Click on Image.

Hi Pete

Kwt gave us an example with diamonds with the weekly measurements on page 254 on post 5061.
I made this one

All the best
Ian

Hi Ian,

Cheers again.


No doubt traders will all be looking for a something on a chart, if chart trading is their preferred method of trading.

Which is why I enjoy seeing all charts that folks can present.


Here’s my chart below with just some of my own quick outlooks also, where price is at the moment, waiting patiently on GJ for its range compression to break.

I include basic daily pivots also, tho I am NOT a pivot trader. I would however expect some increased larger market activity around some of these levels, and would then base a potential trade on what happens AFTER that, when other traders may have come in to get the market moving along for us.

I cannot think in terms of the narrative of support or resistance. Because some traders could be buying and some could be selling at the exact same spot (else how would any of our one directional trades get taken by the market). And while whether that it is another trader taking the equal & opposite side to our trades, or an LP, doesn’t really matter - our trades get accepted within the market and then the ride begins after that.

While likely after our trade is accepted (and how certain other scribes have presented their thoughts) it is after we place our trade that the end result of our trade is then taken out of our hands. And we will only win or lose our trade then based on what OTHER traders do in their trades after us that moves the market AGAIN with our trade still sitting in there also. We will trade to the belief that the market will move in our trade favour.

At that point imo then, we are at the mercy of the larger market lol. Rather than any of our own skillset now at this point. In where price will move next.
I do like a shorter time in the market to avoid getting caught up long term with what other traders are doing subsequently. So sometimes we are just all in the same pond bobbing up & down till we can see dry land ahead and grab our TP when & where we can.

That’s just me, anyways. Many will also rely on the larger market taking price in a longer direction based on their own trade studies, charts & comprehensions.

Trade well, and we should all enjoy the time in the market where we can.

.

Definately squeezing