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Flying Dutchman

  • #7,301
  • Mar 28, 2023 12:26am Mar 28, 2023 12:26am
Quoting ZeroLag
{quote} I guess I didn't consider that. Certainly the ability to analyze price on shorter time frames had to wait for more modern times. I am most certainly intrigued with combinations of candlesticks. It seems that on FF, its generally regarded as reading tea leaves. Which may very well be the case. Just looking at a few hourly charts to past the morning. Made an educated guess here, or did I ? Certainly I see the attractiveness to utilizing lower Tf's, as stops can be much, much smaller. {image}
On the daily we can see that there have many pin rejections around this price area yes. While at these 50/50 areas I sometimes like to WAIT and just see if there a fuller fake push in one direction followed by a quick (1-2hr) snap back in the other. But if not a fake, then your entry is missed I guess. That is our decisions to make when trading. On the 4hr chart the pins were around 100 pips lower. And price is now "under" yesterdays London Open (and yesterdays NY open).

I have no idea really as I do not know this pair but good fortunes with a trade and keep watching for signs of determined direction. If price gets back above yesterdays London Open and holds above that structure line test, then longs might be safe, others will know better than me. I myself would have to wait two hours at this point of the day to see what the London push / pull brings.
  • #7,302
  • Edited 12:42am Mar 28, 2023 12:31am | Edited 12:42am
Quoting whitesta
{quote} Might form ur inflection zone. Yes hard to say now. If not now they might return later to test 161 RN. For now we just sit and wait. And Bam...lol
A very good call W, near five hours of bounce inflection lol and nothing from the Kuroda Speech by the market.
Franky & london open should provide the clues now, then out to the lucky folk getting in on the New York action I reckon.
All the best pal.

(edit: I see the BOE Gov will also speak in around three hours lol, so that might have had the GJ coiling a little also. Will they break out before, who knows, not me.)
  • #7,303
  • Mar 28, 2023 12:51am Mar 28, 2023 12:51am
another cheeky one here, 4hr...messy...took a crack at reading it...one other disadvantage to the daily, less setups/reads in real time for practice..

anyways, check up later...
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Get the Lag out
  • #7,304
  • Mar 28, 2023 1:49am Mar 28, 2023 1:49am
Quoting TimeTells
{quote} A very good call W, near five hours of bounce inflection lol and nothing from the Kuroda Speech by the market. Franky & london open should provide the clues now, then out to the lucky folk getting in on the New York action I reckon. All the best pal. (edit: I see the BOE Gov will also speak in around three hours lol, so that might have had the GJ coiling a little also. Will they break out before, who knows, not me.)
Price finally showed its hand just before Franky, like Timetells says. Target were known in advance. (i did not place any trade as i was once again finishing my day job, if i had taken it, it would have been just after structure break and for 5 to 10 pips only (near 1st Target). Just to be safe and get sure shot pips.

Trade Well All
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  • #7,305
  • Mar 28, 2023 1:57am Mar 28, 2023 1:57am
Quoting whitesta
{quote} if i had taken it, it would have been just after structure break and for 5 to 10 pips only (near 1st Target). Just to be safe and get sure shot pips.
Trade Well All {image}

Terrific analysis W,
No, I didn't trade yet this session either.
London is now ready to salute us. BOE Gov'nor speech less than 2 hrs away also.
  • #7,306
  • Mar 28, 2023 2:35am Mar 28, 2023 2:35am
Quoting TimeTells
{quote} Terrific analysis W, No, I didn't trade yet this session either. London is now ready to salute us. BOE Gov'nor speech less than 2 hrs away also.
Its all about time and how much of it we can actually use. Pretty difficult for us here in NZ and OZ. I personally have a very small window and at times can't even go past the London hour...lol. Need to get that all important sleep. Hardly ever see the NY session. I do analyse the Asia session when i get a day off.

Trade Well All.
  • #7,307
  • Mar 28, 2023 2:39am Mar 28, 2023 2:39am
Quoting turnip15
Will this drop to make a Bermuda Triangle TT ? Not traded by me - just an opinion on price of E/J I have been watching for a while {image}
NO =it didn't....BUT it did from the red apple BRN to the green tick..........Hmmmm............should have noted BRN in Bermuda theory on TT's charts
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every Saint has a past. Every Sinner has a Future
  • #7,308
  • Mar 28, 2023 2:44am Mar 28, 2023 2:44am
well one wrong read, and one right...just keep on grinding...

possible resistance here on GJ?
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Get the Lag out
  • #7,309
  • Mar 28, 2023 2:50am Mar 28, 2023 2:50am
A 7 pip locked trade like Timetells says. Two targets were close by with the RN. Was confident that it will atleast hit the RN. It happens frequently when targets are close to RNs.
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  • #7,310
  • Mar 28, 2023 2:51am Mar 28, 2023 2:51am
Quoting whitesta
{quote} Its all about time and how much of it we can actually use. Pretty difficult for us here in NZ and OZ.
I personally have a very small window and at times can't even go past the London hour...lol. Need to get that all important sleep.
Hardly ever see the NY session. I do analyse the Asia session when i get a day off. Trade Well All.

I hear you pal, NY really only on a Friday for me (sometimes) with the Sat morning sleep in then hahaaa.
And sometimes, less time in the market allows for a greater clarity on return.

Got all mine done now, a nice double-up finish to the day.
I didn't hold all the way to the Gap Close (the lock), edit: which YOU did W, nice.
But it is what it is, and I'm done now for the night now. Unless they go berserker after the Gov Speech in a hour lol
  • #7,311
  • Mar 28, 2023 2:57am Mar 28, 2023 2:57am
Quoting turnip15
{quote} NO =it didn't....BUT it did from the red apple BRN to the green tick..........Hmmmm............
should have noted BRN in Bermuda theory on TT's charts {image}

Love those apples t, nice work sir. The Bermuda's are bizarre aren't they, and so often.
I can see 'em mostly once they clear the halfway mark & over, but otherwise I don't really involve till they're close to over (the last 10-12 pips, but still okay imo).
  • #7,312
  • Mar 28, 2023 3:13am Mar 28, 2023 3:13am
Saw this just a while ago..pretty self explanatory. 7 pips. Manually Closed cos of the speech coming up. Time to hit the sack. I trade small so happy with today. GBP/JPY showed its path quite clearly today. Trade Well All.
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  • #7,313
  • Mar 28, 2023 3:31am Mar 28, 2023 3:31am
Quoting whitesta
Saw this just a while ago..pretty self explanatory. 7 pips. Manually Closed cos of the speech coming up. Time to hit the sack. I trade small so happy with today. GBP/JPY showed its path quite clearly today. Trade Well All. {image}

Sweet, and they add up . Tuck 'em away in the a/c. Safe.
Then boom one trade (or many) we get the runner without even trying, and sweep the day right out .
TP is still king imho. But each to their own, of course.

(When chatting with George years ago he would have his own Herd Line Ups viewed on the 15m plus chart with his swing candles spaced apart from each other, if you know what I mean, else its more like ranging/inflection to me when tight close together one after the other - matters NOT as they're only word-narratives really,
it's what you are seeing & analysing well here is the main thing imho )
  • #7,314
  • Mar 28, 2023 3:35am Mar 28, 2023 3:35am
Quoting turnip15
{quote} NO =it didn't....BUT it did from the red apple BRN to the green tick..........Hmmmm............should have noted BRN in Bermuda theory on TT's charts {image}
Just a thought on your
50pips a day Idea with a decent money-management plan ?
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  • #7,315
  • Mar 28, 2023 3:38am Mar 28, 2023 3:38am
Quoting TimeTells
{quote} Sweet, and they add up . Tuck 'em away in the a/c. Safe. Then boom one trade (or many) we get the runner without even trying, and sweep the day right out . TP is still king imho. But each to their own, of course. (When chatting with George years ago he would have his own Herd Line Ups viewed on the 15m plus chart with his swing candles spaced apart from each other, if you know what I mean, else its more like ranging/inflection to me when tight close together one after the other - matters NOT as they're only word-narratives...
Yes you are absolutely right. The herd zone on higher timeframes carry more weight. I have just started to look at those zones. Not really sure about swings yet, Have to start learning that..lol. On 1 minutes time frames we could see quite a few of those. If i do notice it i try and target em as they will be very small on higher time frames hence easily broken in lower t frames. Doesn't always work so have to fine tune it.
  • #7,316
  • Mar 28, 2023 4:09am Mar 28, 2023 4:09am
cheeky inexpensive short on the 4hr close here...
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Get the Lag out
  • #7,317
  • Mar 28, 2023 4:20am Mar 28, 2023 4:20am
Quoting whitesta
{quote} Yes you are absolutely right. The herd zone on higher timeframes carry more weight. I have just started to look at those zones.
Not really sure about swings yet, Have to start learning that..lol. On 1 minutes time frames we could see quite a few of those. If i do notice it i try and target em as they will be very small on higher time frames hence easily broken in lower t frames. Doesn't always work so have to fine tune it.

There are two (maybe) types of Swings that I understand, others can know more on this than me.

Swing - Targets
The main ones (for me) are the Intraday and prior, HL & LH.
Essentially, these for me are usually the (George) Targets
The HL form on the way up with price (as mini-swing points) and the LH form on the way down with price (as mini-swing points).
These then (for me, I mean) become the Targets for the next price move back in the opposite direction now & therefore back into the prior swings.
And Targets for price to arrive AT, NOT hard reversal lines price must bounce from, NO. Price may well blow thru a Target, to the next Target, its up to the market.

examples on chart pic here
https://www.forexfactory.com/thread/...9#post14011189



Quoting Kwt4x
{quote} I just TP my GU trades after 2 days holding, so it's not a buy for me. I'm not a scalper so I need to see a solid HL to enter again. {image} cheers,
Next
Swing - ZigZags
ZigZag swings are fully formed high & low peaks that prices do indeed bounce/reverse from. They are reversal points.
However I have no formula other than my own eyes to see this, and only after the ZZ-Swing has completed
So, myself, I do not know if they are hard-formed as firm reversals until the FUTURE proves them so.

I note with good interest that Kwt4x displays these ZZ on his charts and it would be great for him with experience in these to add to our knowledge base.
So I'll quote his post, for Kwt to see & maybe respond, and readers can view his Chart Pic for Green ZigZag Lines that form the major Swing Points from his post.
  • #7,318
  • Mar 28, 2023 4:36am Mar 28, 2023 4:36am
Quoting TimeTells
{quote} There are two (maybe) types of Swings that I understand, others can know more on this than me. Swing - Targets The main ones (for me) are the Intraday and prior, HL & LH. Essentially, these for me are usually the (George) Targets The HL form on the way up with price (as mini-swing points) and the LH form on the way down with price (as mini-swing points). These then (for me, I mean) become the Targets for the next price move back in the opposite direction now & therefore back into the prior swings. And Targets for price to arrive AT, NOT...
Talking of levels et al -here E/J entered long when it popped over a level drawn from far left and hit a target at the apple - which was another level above.
Of course I didn't know what price would do at the apple level but when reached I decided to take what's on offer, I'm not aiming for the moon, just some pips to feed my dog
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #7,319
  • Mar 28, 2023 4:41am Mar 28, 2023 4:41am
Quoting turnip15
{quote} Talking of levels et al -here E/J entered long when it popped over a level drawn from far left and hit a target at the apple - which was another level above. Of course I didn't know what price would do at the apple level but when reached I decided to take what's on offer, I'm not aiming for the moon, just some pips to feed my dog {image}

Hahaa, love your sense of humour pal, zeps, bermudas and now apples.

And you know what they say ...

An Apple a Day ....... makes a basket of some very tasty fruit
  • #7,320
  • Edited 5:03am Mar 28, 2023 4:51am | Edited 5:03am
Thoughts on 50pips a day

This is not very scientific trading but can be fun, boring ,stress-free and profitable
With a decent Money management Method
I call it Controlled Accountant Style Trading
or perhaps as TT and me would really call it
Race Track Betting

Here is a little indicator
That makes setting the grid very easy
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 PZ_QuadrantThesis.ex4   18 KB | 462 downloads
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