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Flying Dutchman

  • #5,181
  • Feb 15, 2023 9:44pm Feb 15, 2023 9:44pm
A couple of trades from yesterday, played into the strength of the USD.

Attached Image (click to enlarge)
Click to Enlarge Name: LONDON Trade (2).jpg Size: 126 KB
Success = Practice + Patience + Persistence
  • #5,182
  • Feb 15, 2023 10:05pm Feb 15, 2023 10:05pm
GA trade in ASIA, a typical PUMP and DUMP during the AUD news event. It developed into a multiday H&S. However, I am out, had enough PIPS.

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Click to Enlarge Name: Asia Trade (2).jpg Size: 123 KB
Success = Practice + Patience + Persistence
  • #5,183
  • Feb 15, 2023 11:20pm Feb 15, 2023 11:20pm
Hi Pete

Thank you for post 5179. awesome.

3 bands in total 240 is weekly bands and 960 is monthly bands on M30
on M15 its half a trading week, half a month and the 48 bands we know already
is half a day on M15
Wyckoff the general direction belongs to the bigger channel
sideways bands are squeezing

On the M5 the 48 bands is 4hrs which is a tradable time frame.
12 x 5 min bars in an hour . 48 x 5 min bars in 4 hrs.

Its best to learn the behaviour of one band only first.
Then add another.
In the case of the M30 in this last chart. the blue band the weekly 120 hrs in a week on M30 = 240 band setting.
It shows us the general direction. the middle band only, the MA is pointing up and then it crossed over the monthly (gold colour) bands MA
The monthly MA is in a sideways, slighly pointing up.
This week on Monday the weekly bands were squeezing.
PA broke through the Daily (white MA) then through the weekly blue MA which was squeezing + flat / sideways
And PA went and broke through the monthly MA which was slightly pointing up.
PA reached all the way up to the top gold band the monthly. It was a strong move up
In these timed bands. TIME has its own boundaries.
the bands have a zone / general area where PA often reaches or stops at.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy-a-m5-oanda-division9.png Size: 39 KB
Click to Enlarge Name: gbpjpy-a-m15-oanda-division9 (2).png Size: 38 KB
Click to Enlarge Name: gbpjpy-a-m30-oanda-division9-2.png Size: 45 KB
Attached File(s)
File Type: tpl 3 x bands 48 240 960 daily weekly monthly on M30.tpl   9 KB | 263 downloads
  • #5,184
  • Feb 16, 2023 1:18am Feb 16, 2023 1:18am
GBPJPY 15m, tick tock...... tick tock waiting for the market to show it's hand.

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Click to Enlarge Name: screenshot.png Size: 21 KB
Success = Practice + Patience + Persistence
  • #5,185
  • Feb 16, 2023 2:53am Feb 16, 2023 2:53am
Quoting fxpider
GBPJPY 15m, tick tock...... tick tock waiting for the market to show it's hand. {image}
Inter - session play on GJ with Asia & Euro returning to source of US Buying 161.049 - 160.912
It never gets easier, you just get better
  • #5,186
  • Feb 16, 2023 3:53am Feb 16, 2023 3:53am
Quoting Shabs19
{quote} Inter - session play on GJ with Asia & Euro returning to source of US Buying 161.049 - 160.912
My bias is slightly bearish. But the market is not offering a price yet where I would like to short. However, my scout trade is already on... just in case we have a runaway train, of course to the south...
Success = Practice + Patience + Persistence
  • #5,187
  • Feb 16, 2023 6:19am Feb 16, 2023 6:19am
Quoting fxpider
{quote} My bias is slightly bearish. But the market is not offering a price yet where I would like to short. However, my scout trade is already on... just in case we have a runaway train, of course to the south...
I wish, it was a runaway train. Anyway, I am happy with whatever I got. GJ still playing out in the range that you mentioned.
Success = Practice + Patience + Persistence
  • #5,188
  • Feb 16, 2023 6:20am Feb 16, 2023 6:20am
Quoting fxpider
GBPJPY 15m, tick tock...... tick tock waiting for the market to show it's hand. {image}
GJ and AJ trade.

Attached Image (click to enlarge)
Click to Enlarge Name: NY Trade.jpg Size: 121 KB
Success = Practice + Patience + Persistence
  • #5,189
  • Feb 16, 2023 6:26am Feb 16, 2023 6:26am
Quoting fxpider
{quote} GJ and AJ trade. {image}
The "clue" is what Volman calls a fake high. It occurs more often than folks think. It is an "in the trenches" Volman/Brooks (me working on it) type of trading.

Price Action seems to have two main schools. One is PA - structure. The other is PA - price movement.
Mark ... Everything you have been told is a LIE
  • #5,190
  • Feb 16, 2023 6:40am Feb 16, 2023 6:40am
Quoting spzd
{quote} The "clue" is what Volman calls a fake high. It occurs more often than folks think. It is an "in the trenches" Volman/Brooks (me working on it) type of trading. Price Action seems to have two main schools. One is PA - structure. The other is PA - price movement.
By combining, we may get the best of both.
Success = Practice + Patience + Persistence
  • #5,191
  • Feb 16, 2023 6:42am Feb 16, 2023 6:42am
Quoting fxpider
{quote} By combining, we may get the best of both.
I do that. Example is the MES just bounced off last week's close. Structure.
Mark ... Everything you have been told is a LIE
  • #5,192
  • Feb 16, 2023 6:45am Feb 16, 2023 6:45am
Quoting spzd
{quote} I do that. Example is the MES just bounced off last week's close. Structure.
Success = Practice + Patience + Persistence
  • #5,193
  • Feb 16, 2023 6:45am Feb 16, 2023 6:45am
Quoting spzd
{quote} I do that. Example is the MES just bounced off last week's close. Structure.
Went up to hit off yesterday's low. Structure. In between those two static points is the other facet of PA. Price movement and how it acts. This is the hard part to figure out. With enough chart time you see enough patterns emerge you can get a good idea of what may come.
Mark ... Everything you have been told is a LIE
  • #5,194
  • Feb 16, 2023 6:47am Feb 16, 2023 6:47am
Quoting fxpider
{quote} I wish, it was a runaway train. Anyway, I am happy with whatever I got. GJ still playing out in the range that you mentioned.
That range was based on 15m chart, On a 5m chart the range is 160.981 - 160.848

Price struggling in that zone as More Buyers from yesterday & this morning steppin Up.

However, both currencies are bearish.

USD & CAD are Strong Bullish.
It never gets easier, you just get better
  • #5,195
  • Feb 16, 2023 6:49am Feb 16, 2023 6:49am
Quoting spzd
{quote} Went up to hit off yesterday's low. Structure. In between those two static points is the other facet of PA. Price movement and how it acts. This is the hard part to figure out. With enough chart time you see enough patterns emerge you can get a good idea of what may come.
Then add my affinity for squiggly lines and I'm doing like 4D chart thing in my head.

Currently longer term is pointing down for the day. BUT. The shorter term is in the process of trying to turn it up. No news of any kind - this could be a tight day.
Mark ... Everything you have been told is a LIE
  • #5,196
  • Feb 16, 2023 6:54am Feb 16, 2023 6:54am
Quoting spzd
{quote} Then add my affinity for squiggly lines and I'm doing like 4D chart thing in my head. Currently longer term is pointing down for the day. BUT. The shorter term is in the process of trying to turn it up. No news of any kind - this could be a tight day.
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-02-16_085059.png Size: 40 KB
Mark ... Everything you have been told is a LIE
  • #5,197
  • Feb 16, 2023 7:15am Feb 16, 2023 7:15am
Quoting spzd
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-02-16_091219.png Size: 37 KB


Mark ... Everything you have been told is a LIE
  • #5,198
  • Feb 16, 2023 7:18am Feb 16, 2023 7:18am
Quoting spzd
{quote} {image}
I am thinking that most are looking for the home run and that used to be me. What I see now is to trade at a size where only a few well timed entries will result in the profit one seeks.
Mark ... Everything you have been told is a LIE
  • #5,199
  • Feb 16, 2023 8:45am Feb 16, 2023 8:45am
Quoting spzd
{quote} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-02-16_16h40_16.png Size: 108 KB
It never gets easier, you just get better
  • #5,200
  • Feb 16, 2023 9:01am Feb 16, 2023 9:01am
Quoting Shabs19
{quote} {image}
That blue line is when the market opened Sunday evening (for me).
Mark ... Everything you have been told is a LIE
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