The incidences of coincidencesEnjoy the weekend folks
. {image}
every Saint has a past. Every Sinner has a Future
- #9,462
- Oct 7, 2023 2:51am Oct 7, 2023 2:51am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #9,463
- Edited 5:32am Oct 7, 2023 5:06am | Edited 5:32am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} For the day trader the 15 minute charts seems a good place to gain an overview of the market and levels before moving down to execution levels?
A look at the GJ H1 chart zoomed out, shows what happened on a daily basis this week, Monday & Tuesday setting the High & Low for the week,
wednesday pullback to 50% levels, and market squeeze going into Thursday (inside day), before breakout Friday back to Weeks High.
A weekly play by play, by the Big Money.
It never gets easier, you just get better
- #9,464
- Oct 7, 2023 6:45pm Oct 7, 2023 6:45pm
- Joined Dec 2018 | Status: Trader | 4,591 Posts
{quote}
For the day trader the 15 minute charts seems a good place to gain an overview of the market and levels before moving down to execution levels?
Hi turnip,
You are a good man, cheers pal.
Yes the 15m is a good place, but usually for my "session overview" now if you know what I mean, as it shows the most recent major swing points.
From there I can clearly see inside the session I am trading in, on that one chart 15m full screen.
All the attraction lines where "more than one" style of trader might also be looking for reactions after actions
(daily/scalper, weekly swing trader & monthly position traders).
To get my view larger than "session based" which is where I am trading in the moment, I can go out to a 1hr chart to see larger swings and THEN 4hr for larger swings again (all as per George went through in his own thread a few years ago & before Andy opened up Dutchy here for us).
I rarely need any more to look at the 1dy chart swings (because of how & when I trade) though I do flick out there aoccasionally, and while there I also flick out on the 1WK and then the 1MTH chart just for a reminder of past movements & past structure).
But essentially the 15m provides 'me' what I require for intraday session based trading.
(I will go down lower also, straight down to the 1min at times only for some finessing around targets that are in-play or approaching just to observe what I call the "aggregating" which looks like random ups & downs. But the 15m chart pretty much does the job now for me imho).
all the best again turnip, I enjoy your charts sir.
trade safe, trade well all.
- #9,465
- Edited 7:12pm Oct 7, 2023 7:01pm | Edited 7:12pm
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,365 Posts
- #9,466
- Edited 9:53am Oct 8, 2023 9:09am | Edited 9:53am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #9,468
- Oct 8, 2023 6:01pm Oct 8, 2023 6:01pm
- Joined Dec 2018 | Status: Trader | 4,591 Posts
{quote}
Levels to watch out for IMO, are the Previous Month, Week, Day Highs & Lows, NY Close, Pivot - Day/Week and Market Session Opens, Asia, Europe & NY.
Hi Shabs,
Throw in the big round numbers also
and we are pretty much on the same page.All the best to all as we enter tricky global times
Trade safe, trade well
- #9,469
- Oct 8, 2023 6:12pm Oct 8, 2023 6:12pm
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,472 Posts
Is it a sign/hint of a possible escalation of the recent ISRAEL and PALESTINE conflict? 
OIL:
GOLD:
OIL:
GOLD:
Success = Practice + Patience + Persistence
- #9,470
- Oct 9, 2023 2:49am Oct 9, 2023 2:49am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Hi Shabs, Throw in the big round numbers also
It never gets easier, you just get better
- #9,471
- Oct 9, 2023 2:50am Oct 9, 2023 2:50am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
Is it a sign/hint of a possible escalation of the recent ISRAEL and PALESTINE conflict?
No reason except profiteering for Crude to go up.
It never gets easier, you just get better
- #9,472
- Oct 9, 2023 7:41pm Oct 9, 2023 7:41pm
- Joined Dec 2018 | Status: Trader | 4,591 Posts
Morning is over now, back for Franky/London
Trade was taken inside a 'lock trade' zone, I missed the early entry tho
(was watching the "Lost Tapes' from aussie Jeff Fenechs boxing archives on cable tv lol, such is life)
They might take out the 182 later or they might not, it doesn't matter to me now (no fomo, no greed, just tp
)
Trade safe folks, trade well, back later
.
Trade was taken inside a 'lock trade' zone, I missed the early entry tho
(was watching the "Lost Tapes' from aussie Jeff Fenechs boxing archives on cable tv lol, such is life)
They might take out the 182 later or they might not, it doesn't matter to me now (no fomo, no greed, just tp
)Trade safe folks, trade well, back later
.
- #9,473
- Oct 10, 2023 3:54am Oct 10, 2023 3:54am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
Morning is over now, back for Franky/London Trade was taken inside a 'lock trade' zone, I missed the early entry tho (was watching the "Lost Tapes' from aussie Jeff Fenechs boxing archives on cable tv lol, such is life) They might take out the 182 later or they might not, it doesn't matter to me now (no fomo, no greed, just tp
Although the break in structure yesterday in the US session & retested in the Asian session should have confirmed a change in direction anyways.
Franky traders always go back for some of that Asia Pie, if it's close enough. Last lot of Sell Orders to be swept up.
It never gets easier, you just get better
- #9,474
- Oct 10, 2023 5:00am Oct 10, 2023 5:00am
- Joined Dec 2018 | Status: Trader | 4,591 Posts
{quote}
I had to look up "lock trade", basically it's placing a hedge trade opening with the same volume in the opposite direction.
Hi Shabs,
I think maybe you're thinking of a locked 'position' (???) as you can see from my trade chart mine was a one-direction buy trade.
A lock trade, imho, is where I can trade with the order flow between two defined targets & take profit in-between without waiting for the 'target end' to be met.
Bang away each day folks, market serves them up for us. Lock it in
I snuck back in after the classic Franky Fake 'n' Flip spike down and grabbed a little more & then shut up shop for the day & went back to the boxing
All the best during the NY Session but I will be well gone by then. Back tomorrow.
Here's another lock trade area from yesterday, as an example (easier to see the movements on the 1min chart imo).
.
- #9,475
- Oct 10, 2023 5:23am Oct 10, 2023 5:23am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Hi Shabs, I think maybe you're thinking of a locked 'position' (???) as you can see from my trade chart mine was a one-direction buy trade. A lock trade, imho, is where I can trade with the order flow between two defined targets & take profit in-between without waiting for the 'target end' to be met. Bang away each day folks, market serves them up for us. Lock it in
It never gets easier, you just get better
- #9,476
- Oct 10, 2023 5:33am Oct 10, 2023 5:33am
- Joined Dec 2018 | Status: Trader | 4,591 Posts
{quote} Ok, Different meaning to the one I looked up. Thanks for clarifying. {image}
Cheers Shabs, pal I come out of horse racing so a lot of my phrases are not always currency trading based hahaaa, sorry all
(Like my FakeNFlip. And Inflection etc, while I now much prefer using Turnip’s zeppelin instead
)Still I have had to contend with, in my own learning phase, words & phrases such as FVGs etc etc hahaaa so I am not on my own
(tuff for newcomers to all this no doubt).
I prefer the charts to do all the talking (else I start writing A4 sheets of words again
)all the best
- #9,477
- Oct 10, 2023 6:26am Oct 10, 2023 6:26am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Cheers Shabs, pal I come out of horse racing so a lot of my phrases are not always currency trading based hahaaa, sorry all
It never gets easier, you just get better
- #9,478
- Oct 10, 2023 11:43am Oct 10, 2023 11:43am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #9,479
- Edited 10:25am Oct 11, 2023 10:12am | Edited 10:25am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #9,480
- Oct 11, 2023 5:28pm Oct 11, 2023 5:28pm
- Joined Dec 2018 | Status: Trader | 4,591 Posts
I see Crude has closed the Weekend Gap or FVG (Sorry TT & Turnip).
No reason, except profiteering for it to go up, it was on the decline previous week.
Hi Shabs,
The GBPJPY also closed their Weekend Opening Gap (on Tuesday) with a wildish run up.
(I always wondered maybe the weekend opening gap is the few hours of bars late in a sunday trading available in some parts.
Myself I use the 5day NYClose charts ie NO Sunday bars)
I sort of thought (without ever going into FVG myself in depth) that the Weekend Gap and an FVG (fair value gap) were different cattle but I may be incorrect.
ICT had many articles & YTubes on them but they did not fit my session trading often enough for me to examine them further.
Maybe someone can add to the discussion what an ICT FVG is or looks like on a chart (not just a graphic).
Maybe one on a 15m GBPJPY (hahaa) chart would help me.
Regardless, I play & trade the coincidences mostly now, from structure & structure breaks when certain confluences jump out
(Shabs has mentioned many levels & targets he watches on an earlier post here, and I name these things as confluences).
Of course, there is NO one way to trade and I do not suggest my coincidences & confluences will always work out,
it's just how I am comfirtable now doing it daily in our (well organised imo ???
) markets.I also do an end-of-day Review chart for myself each day and store them.
I will not upload too many here (promise lol) as they all pretty much look just the same
.
