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Flying Dutchman

  • #5,401
  • Mar 1, 2023 3:18pm Mar 1, 2023 3:18pm
Quoting TimeTells
A late in the morning chart, as this first trading day of the month melts away. I agree with Lines. Horizontal Lines are the Prices at a point, and seen numerically also over at the right-hand axis. Some of the lines I post are automatic & static and therefore unchangeable (ie RNs) Others are variable to the Day or the Session. I often wonder what other traders might do at or around those lines, triggering the larger Market to then do something itself. All a bit of fun for sure. . {image}
I am liking the oscillating mini-swings that NY gives at times. Today was a good example. A couple of those and you are good to go.
Mark ... Everything you have been told is a LIE
  • #5,402
  • Mar 1, 2023 3:22pm Mar 1, 2023 3:22pm
Quoting spzd
{quote}
I am liking the oscillating mini-swings that NY gives at times. Today was a good example. A couple of those and you are good to go.

Cheers Mark,

And "your" ma's could project them swings nicely to you also
(I use a few ma's myself for such a purpose)
  • #5,403
  • Mar 1, 2023 3:23pm Mar 1, 2023 3:23pm
Quoting TimeTells
{quote} Cheers Mark, And "your" ma's could project them swings nicely to you also (I use a few ma's myself for such a purpose)
Yes sir. Still working on the "trend" entries. To be honest they tend to be harder.
Mark ... Everything you have been told is a LIE
  • #5,404
  • Mar 1, 2023 4:21pm Mar 1, 2023 4:21pm
Quoting OAPDave
I have a pet hate of having to trawl through nonsense posts, I judge these by having no likes, hence when my posts do not gain a like I judge them as carrying no interest to the thread readers and being of a nonsense value, hence not to clutter the thread I delete them

Crikey Dave, maybe cool your jets pal.

Again we all see things differently, or slightly differently, and this uptick thing on threads I only see as when a post resonates with the inner beliefs of a reader.

A non-tick does not consign a post to that of "nonsense" imho.

For example on the music thread I will uptick songs that resonate (well, yeah, music I guess )
BUT I like all music and if I don't uptick a song (just me, that is) then it does NOT mean I view the song as "nonsense".

Same with posts, for my view.

An opinion is all what we can give. Yours is as valid as the next person's.

Maybe some don;t quite get (I do) your Charts yet.
Maybe consider putting some words of your own on a chart about how you saw the market at a particular point in time.

While other threads do, this one has spoken little about the octave nature of the markets (and charts) while octaves ARE part and parcel of the MUSIC that I enjoy.

Hang in there Dave, if you don't feel comfortable it might be how you are reacting to what you see or read.

Kev will know more (and better) about the You vs You but imho it is NOT the age old greed & fear scenario.

In fact the YOU vs YOU concept might be closer (i'm not sure) in the HOW you react or have reacted to some posts here (or non ticks).

You are more than welcome imho in this "tough ol boat" lol that Andy called the Flying Dutchman
  • #5,405
  • Mar 1, 2023 4:40pm Mar 1, 2023 4:40pm
Quoting OAPDave
{image}

Ooops sorry, Dave, I forgot to uptick your latest chart
(was the CHART even there when I first read your post ?)

Now my last sentence on 'ticks' above was just Aussie humour, I am not making fun of you please.

Your annotation of 20% indis and 80% visual, I am certain you will know that resonates with me.

Maybe just a few quick words in the post itself on how you think the market is behaving (likely to behave ?) when price nears or crosses one of your diagonals would assist others looking at your charts. If that is even the way you approach your lines.

Myself I could put any indi on a chart AS I will STILL look at the same things in MY way, not the indis, lines or diagonals way.
ie I will look for what the market does AFTER a point (line) that might encourage me to take my probabilities in trading there.
  • #5,406
  • Mar 1, 2023 6:04pm Mar 1, 2023 6:04pm
Quoting OAPDave
{quote}
Peter Yes yes you have got it at last
The exact reason I do not put any words on my charts Your last paragraph says it all My charts are just a crude map When we get to a certain point or level, properly something will happen, so we need to get our magnifying glass out I think someone once mentioned Indicators are the Math's Well we all have our favorites, that rightly or wrongly we trust to assist us in our decision making I have added a few They are the words plus reading Price action ps You did say that you wished Murrey would not...

Hi Dave,

Cheers again.
Mate yes I get it, but I've been around the block a few times. (and a few times more over & over, hahaa)

But it is NOT for me 'getting it" that I ask these questions.
We best consider other, maybe new traders, coming onto the thread reading on who's talking about what today.

On Murrey I see nothing wrong at all with the 0/8, 1/8 to 8/8 etc for example. But words like "Ultimate Resistance etc might have newcomers thinking THAT line MUSTact as resistance now (I mean it's Ultimate lol after all) and then price MUST therefore respond according to that narrative.
We know it doesn't (always), but others seeing Murrey for the first time may not, is my only purpose for asking.

Again with indis like Centres Of Gravity (cogs etc) and even any multi Diagonal Lines with centre lines can be awkward for a new trader.

For example on your chart above with multi diagonals running bottom left to top right of a chart, we see that signifies the market is in a (longer term) upward move.

While a newcomer might look at those diagonals and think IF the market is always UP then Buy trades can't lose, as price is "rising' in an upward direction,
While the first thing I look for on a chart is where were the Pullbacks, Fakes etc and where 'just' Buying would have wiped a new trader out (some were 40+ pips).

So I find diagonals and such can distract from what the market is actually doing right "now", in its present moves, sessions & structures.

Horizontal lines (where NO narrative is attached like resistance, or pivot points etc) cannot tell us Direction. A Trader is the one that then imposes 'their' direction.
HL and LH are good narratives imho as they paint a current picture (I am not too keen on HH or LL, but that is just me).

We know and understand this, which is why I try to be careful and mostly say imo etc, or my view of how I see the market, as a Chart imho doesn't necessarily do that on its own. (We are not a hidden Discord Group here lol, of like minded traders at similar levels, I mean).

Anyway I enjoy your charts, all charts.

I have had my own detailed personal experience with not just Murrey but many indis, templates etc and the Cover of their book that they show is not always the full Story (chapter by Chapter) behind their simple view.


Here's two chart examples for others that I have posted before alluding to this View & the Current Story narrative.
Chart One is where a trader uses Indis/MA's to Lock Price in By Range & Direction.
Chart Two is at the SAME point on Chart One (at the top right blue-x of that 1st chart) where a 50 pip Fake N Flip might have wiped out many a new traders a/c

Just food for thought is all.

.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH1 price all locked in.png Size: 37 KB
Click to Enlarge Name: GBPJPYM15 breakout fake and flip.png Size: 13 KB
  • #5,407
  • Mar 1, 2023 6:23pm Mar 1, 2023 6:23pm
Quoting TimeTells
{quote} Cheers Mark, And "your" ma's could project them swings nicely to you also (I use a few ma's myself for such a purpose)
Pete
Help me
I am now struggling
Just cannot seem to answer you in any way that meets with any satisfaction
So lets agree to call it a day
Like I said early , not beating anyone with a stick
  • #5,408
  • Mar 1, 2023 6:30pm Mar 1, 2023 6:30pm
Quoting OAPDave
{quote} Pete Help me I am now struggling Just cannot seem to answer you in any way that meets with any satisfaction So lets agree to call it a day Like I said early , not beating anyone with a stick
Hi Dave,
Mate I have said on many occasions. I like your charts.
I am not sure what more I can say to convince you of that.
I believe I only question what narrative you/we would put on a Diagonal Line (or COG indi for example) for a newcomer, that is all.
But I'm okay if you wish to call it a day, I don't feel you ever beat us with a stick, you just posted your charts, take care pal.
  • #5,409
  • Mar 1, 2023 6:37pm Mar 1, 2023 6:37pm
Quoting TimeTells
{quote} Hi Dave, Mate I have said on many occasions. I like your charts. I am not sure what more I can say to convince you of that. I believe I only question what narrative you/we would put on a Diagonal Line (or COG indi for example) for a newcomer, that is all. But I'm okay if you wish to call it a day, I don't feel you ever beat us with a stick, you just posted your charts, take care pal.
Thanks
All the best to you Sir
Dave
  • #5,410
  • Mar 1, 2023 6:43pm Mar 1, 2023 6:43pm
Dave seems a good guy to me. Everyone has their sensitivities, myself included.

To try and explain a little more about narratives on a chart for everybody reading,
and to assist any new trader coming to this thread and looking at charts in the future,


here are just a few recent examples of what the Poster showed they were looking at on their own chart.

https://www.forexfactory.com/thread/...3#post14343613

https://www.forexfactory.com/thread/...9#post14343409

https://www.forexfactory.com/thread/...7#post14341057


My apologies, in advance, to all where I have not not included their own charts, but these were just a quick three I found recently, there are many more.

Again, for others, I enjoy Dave's Charts, I understand them, and would maybe also like to know his thinking of what he sees on his charts at the time is all.

Best wishes all, trade safe, trade well
  • #5,411
  • Mar 1, 2023 9:59pm Mar 1, 2023 9:59pm
Hey Pete,

Is this perhaps one of your spots?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5.png Size: 25 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5-1.png Size: 31 KB
Mark ... Everything you have been told is a LIE
  • #5,412
  • Mar 1, 2023 10:38pm Mar 1, 2023 10:38pm
Quoting spzd
Hey Pete, Is this perhaps one of your spots? {image} {image}

Hi Mark,

Good charts.

Yep the GJ has been sitting in its own Inflection Range now for near the last 5 hours. Wedging, compressing, BB squeezing. It's all there to see.

We now have some Yen news coming up at the top of this hour, so I guess they've all had the abacus's out and when she takes off we will see the expansions.

Could go either way also, as they look to have both groups (both buyers & sellers) well inside the net, with good targets in either (or both lol) directions.

We shall see.

Trade safe. Then we see what London do after the first Franky foray.

  • #5,413
  • Mar 1, 2023 11:09pm Mar 1, 2023 11:09pm
Quoting TimeTells
{quote} Hi Mark, Good charts. Yep the GJ has been sitting in its own Inflection Range now for near the last 5 hours. Wedging, compressing, BB squeezing. It's all there to see. We now have some Yen news coming up at the top of this hour, so I guess they've all had the abacus's out and when she takes off we will see the expansions. Could go either way also, as they look to have both groups (both buyers & sellers) well inside the net, with good targets in either (or both lol) directions. We shall see. Trade safe. Then we see what London do after the...
Hi Pete,

speaking about BB squeezing, using BB 48 in M5 will give you exactly H4 direction and range. and since BB is a standalone breakout system, be careful when it squeeze and MA become flat it might reverse.

using this kind of system you will be trading time not TF candles, and it helps to stay in the trade the longest until next squeeze and flat MA.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4206.png Size: 37 KB


PS: forcing me to use white background is hurting my eyes , you owe me my medical bills lol.

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,414
  • Mar 1, 2023 11:23pm Mar 1, 2023 11:23pm
Quoting Kwt4x
{quote}
Hi Pete, speaking about BB squeezing,
using BB 48 in M5 will give you exactly H4 direction and range.
and since BB is a standalone breakout system,
be careful when it squeeze and MA become flat it might reverse.
using this kind of system you will be trading time not TF candles, and it helps to stay in the trade the longest until next squeeze and flat MA. {image}
PS: forcing me to use white background is hurting my eyes , you owe me my medical bills lol. cheers,

Hi Kwt,

Excellent info & attached advice sir thank you.
(And my apologies for your eye-chart hahaaa tho I assume you are still using your preferred colours at home, just this for saving to post much appreciated).

Yes these squeeze times can be frustrating for traders also, who may be forced into impatience by the nature of the market here.

We must try & quell our frustrations imho else we fall prey to prediction for 'prediction sake' and trade without observing what the market actually does.

Your suggestion of using the BB range envelope as direction is very interesting. Time, 48 x 5mins = 4 hours and a wonderful way of looking at a 4hr block.

Staying in the trade until the next squeeze (and flat ma) is intriguing. Again, just for me this does not quite fall into my trade actions as often that (next squeeze) will be the next trading day and I, for my own reasons, will be flat (ie all trades closed) by the time I pack it in for the day (usually two hours prior to NY Open).

Great stuff, thank you,
and also thx to both Ian & Dave for their participations also, as everybody brings "something" to the table which just might shine a new light for another trader.
cheers pal
Pete

(GJ has shown little interest in the soft news release just passed, so maybe Franky expand price and/or London do the rest of the work, we shall see)
  • #5,415
  • Mar 1, 2023 11:51pm Mar 1, 2023 11:51pm
Quoting TimeTells
{quote} Hi Kwt, Excellent info & attached advice sir thank you. (And my apologies for your eye-chart hahaaa tho I assume you are still using your preferred colours at home, just this for saving to post much appreciated). Yes these squeeze times can be frustrating for traders also, who may be forced into impatience by the nature of the market here. We must try & quell our frustrations imho else we fall prey to prediction for 'prediction sake' and trade without observing what the market actually does. Your suggestion of using...
Hi Pete,

apologies can't heal my eyes, you still owe me my medical bills lool

Charles Dow explained it from the early 1900's, most dangerous trend stage is the sideway market, it might reverse or continue with original trend after distribution/accumulation.

since we're talking about a small TF like M5, it's best for traders to make it a rule to take profits in sideway zone and wait for first break then trade the pullbacks. conservative trading.

it should fall into your trade action, knowing the system rules does not mean you should follow it to the letter, you can take profits whenever you're satisfied with your trades, that's the beauty of trading

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,416
  • Mar 2, 2023 12:03am Mar 2, 2023 12:03am
Quoting Kwt4x
{quote}
Hi Pete, apologies can't heal my eyes, you still owe me my medical bills lool Charles Dow explained it from the early 1900's, most dangerous trend stage is the sideway market, it might reverse or continue with original trend after distribution/accumulation. since we're talking about a small TF like M5, it's best for traders to make it a rule to take profits in sideway zone and wait for first break then trade the pullbacks. conservative trading. it should fall into your trade action, knowing the system rules does not mean you...

Hahaa, while apologies cannot heal, or compensate (sorry lol ) yet they are a social way of saying sorry - which is usually a start (I know you are teasing me).

Mate I do trade the squeezes.

I use the word narrative Inflection Points, zones, areas, blocks etc, turnip calls them Zeppelins aand I have taken that word under my wing now too hahaa.

The Inflection Points will indicate to me, Breakout Imminent.
They look slightly different to BB Squeezes but are essentially indicating the same thing or same outcome.

With GJ we have to be very wary tho at Big Session Openings (I imagine most cross pairs) as the Larger Market CANNOT have everybody trading
in the same direction imho, else who will be taking the equal & opposite side to all our trades - another long story hahaa.

So yes I trade the squeezes regularly, as scalps though as the Inflection breaks can be rapid & dominant and, with GJ,
fall back on themselves even in the same 1 hr block.

We get to know the market plays. After that the biggest hurdle is ourselves (well in my case) and without mentioning Kev's Phrase I am still working on me.

cheers

(ps: another phrase narrative I use is Expansions, when the market starts growing its pip value moves up & down, so in both directions concurrently and sometimes expanding exponentially until ready to break. These can also be called FakesNFlips or Whipsaws but essentially all the same again. GBPJPY is undergoing a Stage One Expansion Play at the moment - final direction not yet shown - well to me hahaaa)
  • #5,417
  • Mar 2, 2023 12:22am Mar 2, 2023 12:22am
Quoting TimeTells
{quote} Hahaa, while apologies cannot heal, or compensate (sorry lol ) yet they are a social way of saying sorry - which is usually a start (I know you are teasing me). Mate I do trade the squeezes. I use the word narrative Inflection Points, zones, areas, blocks etc, turnip calls them Zeppelins aand I have taken that word under my wing now too hahaa. The Inflection Points will indicate to me, Breakout Imminent. They look slightly different to BB Squeezes but are essentially indicating the same thing or same outcome....
there is no escaping the payment Pete, I'm planning to be in Sydney in few months (hopefully), so get my Cheque ready please. hahaha

any system that helps to read the market will have it's own rules to follow, so all is good if perfected.

fear/greed in us is our enemy

cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,418
  • Mar 2, 2023 12:35am Mar 2, 2023 12:35am
Quoting Kwt4x
{quote}
there is no escaping the payment Pete, I'm planning to be in Sydney in few months (hopefully), so get my Cheque ready please. hahaha
any system that helps to read the market will have it's own rules to follow, so all is good if perfected.
fear/greed in us is our enemy cheers,

Good points.

While here is my personal view on myself lol.

Fear & greed is our enemy, yes, collectively. However I have neither.

But think of what I just said.

As many will just focus on "he says he has no fear." Whereas I have neither. What was the 2nd enemy again lol?

So under that self operation I do not trade systematically. But only in what I call or only term Discretionary Observational.

And I love it. I love the freedom. To trade when (time) I wish or NOT trade at all. And I study the markets & their mechanics as a personal exercise.

So no rules. Therefore I'm still working on me, hahaaa. But I get by, & I get through. On one pair. See what they bring.


The GJ ... Expansions ... are now 'expanding" lol. And taking out (minimally still) prior close hi's & lo's. Best seen on the 1min chart imo.
The Playbook. Franky should tell us something extra in ½ hour.

all the best in London folks.
  • #5,419
  • Mar 2, 2023 12:59am Mar 2, 2023 12:59am
Quoting TimeTells
{quote} Good points. While here is my personal view on myself lol. Fear & greed is our enemy, yes, collectively. However I have neither. But think of what I just said. As many will just focus on "he says he has no fear." Whereas I have neither. What was the 2nd enemy again lol? So under that self operation I do not trade systematically. But only in what I call or only term Discretionary Observational. And I love it. I love the freedom. To trade when (time) I wish or NOT trade at all. And I study the markets & their mechanics as a personal exercise....
I'm addicted to methods, I can't help it.

always aggressive in swings and very conservative (pussycat) in daytrading and scalps, so, I have both fear/greed yet I use them wisely.

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 4207.png Size: 64 KB


cheers,
"the public is not yet ready for it" W.D. GANN
  • #5,420
  • Mar 2, 2023 1:14am Mar 2, 2023 1:14am
Quoting Kwt4x
{quote}
I'm addicted to methods, I can't help it. always aggressive in swings and very conservative (pussycat) in daytrading and scalps, so,
I have both fear/greed yet I use them wisely. {image} cheers,

Likely the smartest way for sure.

And I am so sorry, don't change anything now, but i cannot even see what TF chart that is, is it a Monthly Chart as you suggest on words on the chart.
I do not trade Line Charts so I cannot hardly see lol where price is on your chart.
I DO see the zig zag swings.

As I (tried) to explain what Expansions look like to me on a 1min chart GJ, and tonight pre-Franky/Franky just now was a textbook market play, so.

May I ask Kwt is it possible for you to explain in words what you see or what you are looking for or what your thoughts are far right at where price is now.
Can this chart you posted be used for a pinpoint trade "entry" or do you use another chart/TF for your trade entries.

I AM interested in all things trading, so your chart has me wondering what YOU would be doing with it or thinking at this moment.

cheers
(ps I am not offended if your answer is no, or maybe not right now, or ... not ever lol, up to you, as I am very good with charts but looking at your line chart I cannot enter a trade on it, just me)
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