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  • #8,661
  • Jul 29, 2023 9:33am Jul 29, 2023 9:33am
Quoting turnip15
Playing about with time scales on E/J. I always thought 5 minute was a good time scale to day trade by for Forex but have noted how 15 minute and even 4 hour levels react to price. My five minute still shows reactions to four hour levels ( which often seem to coincide with lower levels. Of course bigger time scales lead to bigger drawdowns. Depends on your belief in your approach and resolve maybe ? {image} {image}
Everything is Fractal think of it this way...

HOD LOD is set everyday.. and that HOD/LOD is the same from a second chart to a daily chart.. it can't be anything else ..

But your right 5min and 4hr can show the same ...meaning then that high or low of that candle is the same from second thru to 4hr... The 6hr/8hr/12hr may close at a diff level...

The thing about a 5m and 4hr showing a reaction to a level... That then clues you in to the bigger picture that higher timeframe markets are trading " that particular move" think of a 4hr breakout... Market breaks a level on the hourly 4hr tf and the higher tf traders enters.. orderflow then drives the market in that BO direction...

So the clue that 5min and 4hr tells us... Whose in the market ! Price generally reacts at the hourly rotations..

Time for a morning coffee...with some heavy cream

Cheers !
Master your Mind,,,Master the Market
  • #8,662
  • Jul 29, 2023 10:53am Jul 29, 2023 10:53am
Quoting bluesteele
{quote} Everything is Fractal think of it this way... HOD LOD is set everyday.. and that HOD/LOD is the same from a second chart to a daily chart.. it can't be anything else .. But your right 5min and 4hr can show the same ...meaning then that high or low of that candle is the same from second thru to 4hr... The 6hr/8hr/12hr may close at a diff level... The thing about a 5m and 4hr showing a reaction to a level... That then clues you in to the bigger picture that higher timeframe markets are trading " that particular move" think of a 4hr breakout......
  • #8,663
  • Jul 29, 2023 11:13am Jul 29, 2023 11:13am
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It never gets easier, you just get better
  • #8,664
  • Jul 29, 2023 11:42am Jul 29, 2023 11:42am
Quoting Shabs19
{image} {image}
Master your Mind,,,Master the Market
  • #8,665
  • Jul 29, 2023 11:00pm Jul 29, 2023 11:00pm
Quoting bluesteele
{quote} ... Weekend BlueBTW no 4 hr intent necessary {image} {image}

Like all of the "bams" from the now terminated other pirate ship thread.
  • #8,666
  • Jul 30, 2023 12:24am Jul 30, 2023 12:24am
Quoting Shabs19
{image} {image}
Not sure the awesome oscillator is awesome but it shows divergence clearly.
Nice EJ (all yen pairs) move down and back up. Kind of Stan Weinstein like but intraday.
Inserted Video
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  • #8,667
  • Jul 30, 2023 12:54am Jul 30, 2023 12:54am
Quoting FocusWinReal
{quote} Like all of the "bams" from the now terminated other pirate ship thread.
Master your Mind,,,Master the Market
  • #8,668
  • Jul 30, 2023 1:14am Jul 30, 2023 1:14am
Quoting bluesteele
{quote} Everything is Fractal think of it this way... HOD LOD is set everyday.. and that HOD/LOD is the same from a second chart to a daily chart.. it can't be anything else .. But your right 5min and 4hr can show the same ...meaning then that high or low of that candle is the same from second thru to 4hr... The 6hr/8hr/12hr may close at a diff level... The thing about a 5m and 4hr showing a reaction to a level... That then clues you in to the bigger picture that higher timeframe markets are trading " that particular move" think of a 4hr breakout......
Good morning kelvin
understood but can u please explain in pics
  • #8,669
  • Jul 30, 2023 3:38am Jul 30, 2023 3:38am
Quoting FocusWinReal
{quote} Not sure the awesome oscillator is awesome but it shows divergence clearly. Nice EJ (all yen pairs) move down and back up. Kind of Stan Weinstein like but intraday. https://www.youtube.com/watch?v=JbKiiLo1s2o {image} {image} {image}
All goes back to the greats of pre 1930's .

Nothing new about Human psychology, only things are much faster & cheaper these days to trade, so profits are, in mins & hours, not weeks & months.

I think the pirate ship always depends on the quality of the crew on board.
It never gets easier, you just get better
  • #8,670
  • Edited 8:02am Jul 30, 2023 7:19am | Edited 8:02am
Quoting venkatredy
{quote} Good morning kelvin understood but can u please explain in pics
From my own interpretation of the method is how the 3 sessions work together to test the HOD / LOD of prior session to
push a parabolic move in the following session.

Basically you are looking at HOD / LOD's of prior days and comparing them to the first 3 hours of Asia, and/or next 3 Hours of London and/or next 3 hours of NY Session.

The set-ups can happen in any session, watching for breaks / tests of these 3hr ranges HOD /LOD's

The set ups often involve 3 pushes into the HOD /LOD of previous session (or Previous Days HOD/LOD) and often at Round Numbers, before a parabolic move happens to target min 50 pips (or more)

Asia mkt 11pm- 1am, London 7am - 9am, NY 1pm - 3pm All GMT sorry about that.

Friday EU Chart M5

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Edit : On the M15 chart, there was MACD divergence between the prev day LOW & the New LOD. Further confluence of impending Reversal.
It never gets easier, you just get better
  • #8,671
  • Jul 30, 2023 10:10am Jul 30, 2023 10:10am
Quoting turnip15
Playing about with time scales on E/J. I always thought 5 minute was a good time scale to day trade by for Forex but have noted how 15 minute and even 4 hour levels react to price. My five minute still shows reactions to four hour levels ( which often seem to coincide with lower levels. Of course bigger time scales lead to bigger drawdowns. Depends on your belief in your approach and resolve maybe ? {image} {image}
Hi Mr. T,

EUR/JPY M15/M1 Observations

I'm looking for Price to Stop moving up or down and then to Break the other way

Then looking for the Test of the Break for Price Action to Enter M1
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  • #8,672
  • Jul 30, 2023 11:58am Jul 30, 2023 11:58am
Quoting stevepatt
{quote} Hi Mr. T, EUR/JPY M15/M1 Observations I'm looking for Price to Stop moving up or down and then to Break the other way Then looking for the Test of the Break for Price Action to Enter M1 {image} {image}
Great stuffSteve - thanks
every Saint has a past. Every Sinner has a Future
  • #8,673
  • Jul 30, 2023 1:13pm Jul 30, 2023 1:13pm
Quoting stevepatt
{quote} Hi Mr. T, EUR/JPY M15/M1 Observations I'm looking for Price to Stop moving up or down and then to Break the other way Then looking for the Test of the Break for Price Action to Enter M1 {image} {image}
Hi Steve,,

Just wanted to say IMO you have some of the very best charts on FF... Clear and concise PA shown....

I always enjoy them... I tend to just stick to this thread and dont wander around FF too much these days

But I would highly encourage traders to check out Steves thread..
https://www.forexfactory.com/thread/...9#post14516079

You will learn something

Cheers
Blue
Master your Mind,,,Master the Market
  • #8,674
  • Jul 30, 2023 1:31pm Jul 30, 2023 1:31pm
Quoting bluesteele
{quote} Hi Steve,, Just wanted to say IMO you have some of the very best charts on FF... Clear and concise PA shown.... I always enjoy them... I tend to just stick to this thread and dont wander around FF too much these days But I would highly encourage traders to check out Steves thread.. https://www.forexfactory.com/thread/...9#post14516079 You will learn something Cheers Blue

Hi Blue,

I am happy you find the charts helpful.

It's always good to get positive feedback.

Cheers
Steve
  • #8,675
  • Jul 30, 2023 7:53pm Jul 30, 2023 7:53pm
Just some recent GJ stats I pulled, for interest only

GBPJPY
advancing ADR PERIODS
5=1wk, 20=1month

(just joking Mr U, honest )

05 ... 263 arigatou Mr U
10 ... 216
15 ... 207
20 ... 182 konnichiwa Mr U
40 ... 169
60 ... 157
90 ... 158
120 ..166
  • #8,676
  • Jul 30, 2023 8:46pm Jul 30, 2023 8:46pm
Quoting TimeTells
Just some recent GJ stats I pulled, for interest only GBPJPY advancing ADR PERIODS 5=1wk, 20=1month (just joking Mr U, honest ) 05 ... 263 arigatou Mr U 10 ... 216 15 ... 207 20 ... 182 konnichiwa Mr U 40 ... 169 60 ... 157 90 ... 158 120 ..166

Love the Data Pete !
Which reminds me,,, I had an idea yesterday while staring at the charts,,, I have noticed that some markets or pairs when one session opens (equity open)
ex London 3-4am NYT and NY 930-1030 If that London opens, then first hour of trading,, closes down or up...What are the probabilities US will do same ?

So me being Old School Pen and Paper Blue...Got out my Ideas notebook and scrolled back the charts and went day by day noting the Yays or Nays...
I only did a small sample size starting from Jan 1 2023.,

Did these 4 to get a somewhat broadview
OIL/WTI 50/50 approx
SPX hmm lol wheres my SPX#s frick
EU 50/50 approx
GJ 60/40 so 60% of the days London Equity hour closes lower than the open 60% prob NY will follow,,,, I dont put much stock into that ,,,but perhaps the parameters can be tweaked and of course what is that particular market doing trending ranging etc...lots of factors....

Anyhoo just a Saturday morning thingy I do....Charts haha...

Thought,,, Larry Williams had some great ideas IF THEN THAT scenarios....and I believe he used Genesis software to test his ideas.. Since I have a hard time programming my homes thermostat...leaves me with the trusty pen n paper.... Ive got a headful of IF THEN THAT ideas but manually backtesting is a tad time consuming lol....

Just my ramblings !!! How hard can the programming be ?
Had a chart to post but saw your post Pete and got sidetracked..Ok chart incoming

Cheers
Blue

Cheers Fellas
Master your Mind,,,Master the Market
  • #8,677
  • Jul 30, 2023 9:04pm Jul 30, 2023 9:04pm
As the month is ending I normally go back to the Daily and Weekly charts and remark Highs lows etc and any patterns I see.

So thought I would share my Daily Oil chart basic markups.. I will tho show on the 1hr chart as the visual is better as to Price
respecting the ranges etc....

Now I could care less if oil goes up or down and I have zero bias what Mondays markets will do,,,,I dont think or analyze where will the market go?
I leave that to the bigwig professionals on Wall Street etc... Not my job..My job is to trade my setups as they appear...Execute..Outcome follows win lose
or draw.

I share this chart not as a forecast of anything..Its only a Roadmap for me to be aware of the possible turns in the road ahead.. I will not trade to these levels
or away from these levels without a high probability setup...

And to illustrate ,if you look close, where are the Highs and Lows of the Month formed ? Think of it as the Weekly Opening Range. High probability Mon and/or Tuesday will set the High or Low of the week.

OK clear as mud !

Nothing special...just some lines is all...

Cheers
Blue

The eyeballs and Magnets are just some added spice to make the chart not so boring


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"You don't have to predict the future to make money in the markets. You just have to react to what's happening." - Mark Douglas
Master your Mind,,,Master the Market
  • #8,678
  • Jul 31, 2023 3:48am Jul 31, 2023 3:48am
Quoting bluesteele
As the month is ending I normally go back to the Daily and Weekly charts and remark Highs lows etc and any patterns I see. So thought I would share my Daily Oil chart basic markups.. I will tho show on the 1hr chart as the visual is better as to Price respecting the ranges etc.... Now I could care less if oil goes up or down and I have zero bias what Mondays markets will do,,,,I dont think or analyze where will the market go? I leave that to the bigwig professionals on Wall Street etc... Not my job..My job is to trade my setups as they appear...Execute..Outcome...
Lines levels and time/sessions.
Still looking and learning on E/J Forex
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every Saint has a past. Every Sinner has a Future
  • #8,679
  • Jul 31, 2023 3:53am Jul 31, 2023 3:53am
Quoting bluesteele
As the month is ending I normally go back to the Daily and Weekly charts and remark Highs lows etc and any patterns I see. So thought I would share my Daily Oil chart basic markups.. I will tho show on the 1hr chart as the visual is better as to Price respecting the ranges etc.... Now I could care less if oil goes up or down and I have zero bias what Mondays markets will do,,,,I dont think or analyze where will the market go? I leave that to the bigwig professionals on Wall Street etc... Not my job..My job is to trade my setups as they appear...Execute..Outcome...
The box Kev. Don't forget the humble box
Attached Image (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #8,680
  • Jul 31, 2023 8:59am Jul 31, 2023 8:59am
Dr. David Paul passed away this morning, He was 68 years old.

R.I.P.

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It never gets easier, you just get better
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