Took the down, and up
Hmmmm
Hmmmm
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- #7,602
- Apr 14, 2023 4:53pm Apr 14, 2023 4:53pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
A nice trading week behind us now.
On GJ it has been three days ranging, which suits my style of trading okay.
BUT.
We can easily see the build up, the tightening, the compression, the inflection points which are maybe telling us something is brewing
, who knows, not me.
But when range is inside ADR over & over be wary trusting ADR to the pip if the breakout or grind begins.
Twice ADR is easily done on GJ in such circumstances. Be on our toes.
The herds are now lined up both above & below (which is what range does).
If the market breaks through 'em (usually one large candle) then these supposed support or resistance lines/areas that appear well set now, can melt like butter.
We just watch & see and trade to the situation at hand.
.
On GJ it has been three days ranging, which suits my style of trading okay.
BUT.
We can easily see the build up, the tightening, the compression, the inflection points which are maybe telling us something is brewing
, who knows, not me.But when range is inside ADR over & over be wary trusting ADR to the pip if the breakout or grind begins.
Twice ADR is easily done on GJ in such circumstances. Be on our toes.
The herds are now lined up both above & below (which is what range does).
If the market breaks through 'em (usually one large candle) then these supposed support or resistance lines/areas that appear well set now, can melt like butter.
We just watch & see and trade to the situation at hand.
.
- #7,605
- Apr 16, 2023 7:13am Apr 16, 2023 7:13am
- Joined Jun 2019 | Status: Trader | 3,340 Posts
What does a visual herd lineup look like. And it always takes me back to a terrific post that I read subsequently which FTI put up on his thread ages ago. This post lol explains best to me in a parable/story what herding does in arranging complacency. The Wild and Free Pigs of the Okefenokee Swamp https://www.forexfactory.com/thread/...84#post1751584 Might a breakout occur next Monday, Tuesday etc, I don't predict when I can observe market behaviour at the time. . {image}
I think it will resonate with lots of more experienced traders here..
and many of us have our own names for it..
I call it Boiling the Frog.
Warning: A Dangerous Subversive: 1% of comments CoCed
- #7,606
- Apr 16, 2023 7:40am Apr 16, 2023 7:40am
- Joined Dec 2018 | Status: Trader | 4,594 Posts
{quote}
I call it Boiling the Frog.
Cheers Ross, much appreciated sir.
And
Boiling The Frog, yes indeed hahaa
- #7,607
- Apr 16, 2023 7:45pm Apr 16, 2023 7:45pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,472 Posts
RANDOM! RANDOM!
Look where the price was pushed up b4 dropping 100+ last Friday.
Look where the price was pushed up b4 dropping 100+ last Friday.
Success = Practice + Patience + Persistence
- #7,608
- Apr 16, 2023 7:49pm Apr 16, 2023 7:49pm
- Joined Dec 2010 | Status: Stop Pretending | 5,275 Posts
RANDOM! RANDOM! Look where the price was pushed up b4 dropping 100+ last Friday. {image} {image}
Mark ... Everything you have been told is a LIE
- #7,609
- Apr 16, 2023 8:02pm Apr 16, 2023 8:02pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,472 Posts
{quote}
Success = Practice + Patience + Persistence
- #7,611
- Apr 16, 2023 9:02pm Apr 16, 2023 9:02pm
- Joined Aug 2007 | Status: Trader | 3,199 Posts
Random markets...Random PA Random Price....One of my favorite subjects!
Heres a GBPCAD chart a GN and a GJ,,,,,,
GC in London hits the 50% line of the Tokyo session box.
GC in London hits the Open line of same,,,,
And GJ is more of a general reference of what I am looking at behind the scenes so to speak....
I am always aware of where price is in relation to Previous Equity opens (Green Line)
The highs and lows of those sessions and the 50% line.....
Often these will play out and gives me a bias if for example price is holding above a prev sessions Equity open or
the High or low of prev session.... Then this often can turn into a 3 session play.... Just a different way of looking at
the charts ,,,OBSERVATIONS,,, that give me context.
And its how I like to say in many situations.... Trading from the OUTSIDE from the INSIDE.... How many traders are
watching if price holds a 50% level of a session ? Consolidations,BRN's and or Reversal patterns etc etc and you make your entry from what appears
to be inside but these other contexts/levels patterns give you an outside edge...
If all that makes sense
Cheers !
Heres a GBPCAD chart a GN and a GJ,,,,,,
GC in London hits the 50% line of the Tokyo session box.
GC in London hits the Open line of same,,,,
And GJ is more of a general reference of what I am looking at behind the scenes so to speak....
I am always aware of where price is in relation to Previous Equity opens (Green Line)
The highs and lows of those sessions and the 50% line.....
Often these will play out and gives me a bias if for example price is holding above a prev sessions Equity open or
the High or low of prev session.... Then this often can turn into a 3 session play.... Just a different way of looking at
the charts ,,,OBSERVATIONS,,, that give me context.
And its how I like to say in many situations.... Trading from the OUTSIDE from the INSIDE.... How many traders are
watching if price holds a 50% level of a session ? Consolidations,BRN's and or Reversal patterns etc etc and you make your entry from what appears
to be inside but these other contexts/levels patterns give you an outside edge...
If all that makes sense
Cheers !
Master your Mind,,,Master the Market
- #7,612
- Apr 16, 2023 10:21pm Apr 16, 2023 10:21pm
- Joined Mar 2023 | Status: Trader | 1,007 Posts
RANDOM! RANDOM! Look where the price was pushed up b4 dropping 100+ last Friday. {image} {image}
without patience how can you be a trader?
- #7,613
- Apr 17, 2023 1:46am Apr 17, 2023 1:46am
- Joined Aug 2007 | Status: Trader | 3,199 Posts
No Intent needed for 50 pips 
Just practice...Lots and lots of practice,,,,,
Gold was up near 60 pips profit settled for 46
GJ was up 24 or so settled for 17
Happy with both execution wise,,,
Late night for me done..NY comes early always...
Cheers
Blue
Just practice...Lots and lots of practice,,,,,Gold was up near 60 pips profit settled for 46
GJ was up 24 or so settled for 17
Happy with both execution wise,,,
Late night for me done..NY comes early always...
Cheers
Blue
Master your Mind,,,Master the Market
- #7,614
- Apr 17, 2023 3:51am Apr 17, 2023 3:51am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #7,615
- Apr 17, 2023 3:54am Apr 17, 2023 3:54am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #7,617
- Apr 17, 2023 4:06am Apr 17, 2023 4:06am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #7,620
- Edited 7:24am Apr 17, 2023 7:06am | Edited 7:24am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
{quote} That's interesting how we look at things differently. I look for levels/blocks ( Look Left) and for a break but on 5 minute in forex? {image}
On the 5 minute I might take a look at Tom Hoggard scalping style as mentioned by someone here but I cannot locate the post. Tom scalps on the close of a volatile or big bar. Look up his scalping videos on YouTube if interested.
every Saint has a past. Every Sinner has a Future