{quote}
they all pretty much look just the same. {image}
- #9,482
- Oct 12, 2023 3:27am Oct 12, 2023 3:27am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} 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.
Gaps in the Market are price inefficiences that usually occur when the market is caught out by surprise such as a News Event or Catastrophic World Event like a War , Tsunami, Earth quakes etc.
These unfilled orders will at some point be absorbed or "filled" by the market makers.
GJ 3rd October, is an example of such a gap filled to the pip, though it was the next day.
Even though it was USD News, it would affect the GU, UJ dynamic.
Can it be exploited is the question ?
It never gets easier, you just get better
- #9,483
- Oct 12, 2023 4:02am Oct 12, 2023 4:02am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
Crude Opportunity yesterday afternoon, took some of this, after the engulf pattern, target 50% bounce (thin blue line). :
It never gets easier, you just get better
- #9,484
- Oct 12, 2023 4:16am Oct 12, 2023 4:16am
- Joined Sep 2006 | Status: Trader | 10,702 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.
FVG...........Ahhhhhhhh....
every Saint has a past. Every Sinner has a Future
- #9,485
- Oct 12, 2023 4:20am Oct 12, 2023 4:20am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} FVG...........Ahhhhhhhh....
It never gets easier, you just get better
- #9,486
- Oct 12, 2023 4:21am Oct 12, 2023 4:21am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
every Saint has a past. Every Sinner has a Future
- #9,487
- Edited 5:25am Oct 12, 2023 4:28am | Edited 5:25am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #9,488
- Oct 12, 2023 3:34pm Oct 12, 2023 3:34pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
{quote} IMHO, I don't think anything New has been developed since the 1930's in the field of Techical Analysis, everything is being rehashed now with New terms replacing old terms, then sold on to Newbies with courses that are so long winded & expensive, that would make you think you are studying for a university degree or something. Everything is out there, all free, if you bother to look for it.
Spot on Shabs,
The Wyckoff Cycle for example (Imho) holds true to this day from when it was first shown.
(graphic is below, though cannot be overlayed or superimposed on your current charts - for example which timeframe to choose lol)
While Old terms & New terms can be very interesting to me as they then hold & show the narrative for the individual.
Just like mnenomics terms we use which can provide an (easier) way for each individual to use or remember (or recognise) the same thing we all see.
https://artofmemory.com/blog/mnemonic/
So we could incorporate certain things into our trading narratives that are particluar to just us individually (and NOT for sale hahaa).
(ie turnips Zeppelins for Inflection Points
, and the Bermuda Triangles to explain price returning to the very point from which it left some time ago 
)But I sure don't see anything new either in how markets have (always ?) operated.
The only change to markets is likely just how we perceive them and if the markets are NOT working for/with us now, then WE best change our own view/approach, as the markets are not likely to change FOR US in how they run day after day.
Maybe I can add here a new word again lol
, which has helped me in my own personal understandings.AGENDA
(but no, not the conspiracy type lol
)Each day I look at what each SESSION AGENDA might be as that could change/switchover as a new group come in (ie from Asia to London and then to New York).
If we can spot the agenda each session (which breaks down into 4hr/1hr candles and lower) then we might utilise this observation to trade WITH them and the current Order Flow.
(strangely enough we can also end up trading against the order flow and still get out with a profit, though it takes longer of course as we then have to wait for either pullbacks, mini reversals, profit taking - or what I will call the Pressure Valve having to be released for a period. I do NOT recommend this type of trading to NEW traders in any way - psychologically - but yes it can be done in certain circumstances, but why put yourself through it lol - all another story).
A final one for Venka if you are out there sir, I didn't reply sorry to your question about the FRACTAL behaviour of the markets.
The fractal nature of the markets imo is that similar things happen, which look exactly the same, that occur over most of the chart timeframes.
The Trap for traders is that the 'same thing' doesn't always happen across ALL the timeframes AT THE SAME TIME
(this is a key to understanding fractals)
ie what is happening on a 15m chart and a 1hr chart or a 4hr chart at the same time can be a DIFFERENT directional behaviour.
HOWEVER
if the same behaviour IS happening across all those 3 timeframes I mentioned, at the SAME time, then that is gold.
How we trade that/them of course is particular to us.
The markets are still & will always be, imo, a game of
US vs US
(not US vs the Markets)
.
Trade safe, trade well all.
- #9,489
- Oct 12, 2023 4:26pm Oct 12, 2023 4:26pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #9,490
- Oct 12, 2023 4:57pm Oct 12, 2023 4:57pm
- Joined Dec 2018 | Status: Trader | 4,594 Posts
{quote} I gave a suggestion of how to trade an FVG gap that is closed, normally you get a bounce, if it's with an engulf during normal trading hours,
some decent pips to be had. Happened on Crude as well as GJ. Take a look. https://www.forexfactory.com/thread/...1#post14614111
Excellent work Shabs, great charts imo
Andy/Moody told me ages ago that ALL markets operate the same, just a preference as to which ones we choose to play.
I have never really looked at OIL (and such charts) as I thought "one instrument",
while two currencies (a pair) would had two oversights from both CBs
(except the Yen that the BoJ have abandoned lol
, only joking Mr U )Yet you guys are right. I ran up my end of day review chart just the for Oil. All the confluences are there (and the coincidences too
)Just for fun.
.
- #9,491
- Edited 6:51pm Oct 12, 2023 5:47pm | Edited 6:51pm
- Joined Aug 2007 | Status: Trader | 3,199 Posts
{quote} Excellent work Shabs, great charts imo
A chart is a chart is a chart.... 100% Pete !
I did grab a long yesterday off the 4hr chart on oil on the gap "fill" was more of a touch in NY ..then yesterday evening I think Asia pushed back down into that gap...
Grabbed over 100pts on it with maybe 10pt DD ..(in NY that was)
Market Mechanics !!
Blue
Edit...entry was on 1min chart.. trade was based off 1hr/4hr PA... What I wrote sound like I entered solely off a 4hr candle..nope....not enough sleep lately sorry about that...
Master your Mind,,,Master the Market
- #9,492
- Oct 12, 2023 8:11pm Oct 12, 2023 8:11pm
- Joined May 2010 | Status: Straight line Fest | 3,194 Posts
- #9,493
- Oct 12, 2023 10:42pm Oct 12, 2023 10:42pm
- Joined Aug 2007 | Status: Trader | 3,199 Posts
{quote} Hey Pete The wyckoff cycle I think, not that I know anything, shows the most efficient way that the controlling entity can benefit the most with the least amount of risk to themselves by enticing and trapping both Long and Shorts at the same time although most traders fail to recognise that is the case. Andy
idea..and thats OK ! They are IN THE MATRIX....and know no better,,, But as I fondly recall telling George and he loved this saying.. "when you know, You know"
And you can not Unsee it....
A good chunk of my trades now are trading the traps... its HOW the market works...anyways enough babbling...
OH and as for FVG blah blag blah....nothing new GAPS have been around since the beginning of the beginning lol.... Inefficiencies . Liquidity issues , fundamentals
they happen.. Nothing new except those marketing the fancy words,,,,
Anyhoo heres a chart(s) of my oil trade... My initial bias in the morning was long and that didnt transpire... I waited and waited and waited.. Watched PA and the
market fall and fall and fall,,,, I knew of the Gap... But what caught my eye was this..... I always am measuring swings retracements etc... Looking for levels
of 3's as I have mentioned many times.... 25 25 25 50 50 50 100 100 100 etc.....
Well I measured down from the HOD to the GAP....hmmm 300 pts...I said to self...self "I am going to hit that if it hits the 300" .. Yes was a catching a knife type of deal...and that can be costly... I jumped the gun...and should have waited for the Break of structure with the large engulfment on the 1m Noted... Im far from perfect and always always critiquing my executions.... Anyways all worked out....
Heres the charts.... Held on far too long over 2 hrs...and when price started to roll back down closed it up for just over a 1% gain on one position.
Cheers
Blue
Master your Mind,,,Master the Market
- #9,494
- Oct 13, 2023 5:11am Oct 13, 2023 5:11am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} The Market/The Entity's purpose is Enticement and Inducement then inflict Maximum Pain through the Traps.
Any coincidences ?
Kevin - any chance you could use a symbol indicator to make the currency / indice & TF more visible ?
I could then open the same chart myself, my eyes are not as good as they used to be.
It never gets easier, you just get better
- #9,495
- Oct 13, 2023 6:50am Oct 13, 2023 6:50am
- Joined Sep 2006 | Status: Trader | 10,702 Posts
{quote} The average weekly range for Oil (13 weeks) is 505.1 and we are now recording 498.7 for this week ( 98.7% of AWR). Any coincidences ? Kevin - any chance you could use a symbol indicator to make the currency / indice & TF more visible ? I could then open the same chart myself, my eyes are not as good as they used to be. {file}
every Saint has a past. Every Sinner has a Future
- #9,496
- Oct 13, 2023 9:10am Oct 13, 2023 9:10am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Not as bad as this chaps eyesight
It never gets easier, you just get better
- #9,497
- Oct 13, 2023 10:24am Oct 13, 2023 10:24am
- Joined Aug 2007 | Status: Trader | 3,199 Posts
{quote} The average weekly range for Oil (13 weeks) is 505.1 and we are now recording 498.7 for this week ( 98.7% of AWR). Any coincidences ? Kevin - any chance you could use a symbol indicator to make the currency / indice & TF more visible ? I could then open the same chart myself, my eyes are not as good as they used to be. {file}
I've even mistakenly taken trades on oil or US30 as I have a hard time distinguishing the symbols..
I'd also like to point out Shabs is that indicator you posted for the open close Hi-Lo.. it's called common Sr..
I really like that you can adjust the size of the price tag.. so now if I flip between charts I don't get confused between oil and US 30..
Small wins make a big difference.. so yes I will figure out the watermark for mt4.. and as well I will do one for my tradingview charts.
Oil AWR.., never ceases to amaze me.. how it all just finds its way to work towards these levels...
Thanks for the Indis.. I shall go to work on this... And for all you young guys your turn is going to come...
Cheers Fellas
Master your Mind,,,Master the Market
- #9,498
- Oct 13, 2023 10:43am Oct 13, 2023 10:43am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Yes for sure I could do that.. thought of that many times..b I'm with you on the eyesight.. the symbol yes I could hardly ever see them.. let alone the price scale is completely obliterated.. I have to put my glasses on and stick my eyeballs quite close to the screen to see it lol...
I can work out the symbol if I could see either the price chart or the mt4 symbol header. I know you like the M1, M5 M15 chart.
Crude was good all morning, like shooting fish in barrel.
It never gets easier, you just get better
- #9,499
- Oct 13, 2023 11:25am Oct 13, 2023 11:25am
- Joined Aug 2007 | Status: Trader | 3,199 Posts
{quote} I thought you must have a huge screen 4K - 65" plus with resolution like that. I can work out the symbol if I could see either the price chart or the mt4 symbol header. I know you like the M1, M5 M15 chart. Crude was good all morning, like shooting fish in barrel.
Oil yes !! Cranked outta the UK gate . I always look at a chart like that and think yep... Alot of blown accts...
Cheers
Master your Mind,,,Master the Market
