Chocolate BLISS KISS. (Yum! Yum!)
Success = Practice + Patience + Persistence
- #9,821
- Nov 8, 2023 3:44am Nov 8, 2023 3:44am
- Joined Nov 2012 | Status: Naked Chart Samurai | 3,474 Posts
- #9,822
- Nov 8, 2023 5:18am Nov 8, 2023 5:18am
- Joined Oct 2020 | Status: couldn't give a flying duck | 7,365 Posts
EUR/GBP Swing trade 
get in now, if it does up 10 or 20pips add ---- then hold for minimum target @8600
get in now, if it does up 10 or 20pips add ---- then hold for minimum target @8600
- #9,823
- Nov 8, 2023 1:19pm Nov 8, 2023 1:19pm
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #9,824
- Nov 8, 2023 3:30pm Nov 8, 2023 3:30pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
It never gets easier, you just get better
- #9,825
- Nov 8, 2023 3:58pm Nov 8, 2023 3:58pm
- Joined Dec 2018 | Status: Trader | 4,596 Posts
Hi t,
Mate I only look at other charts if folks mention them.
And I don't post this chart suggesting I could trade it. This is just a review chart I do each day like I would for any currency.
On REVIEW (which is always easiest after the event
) I can see the market started the day pretty much exactly where it finished,
while traversing through the highs and lows of set targets throughout the day.
Assuming that during the business day for those 500 top companies (as their employees turn on their computers & strive to better the company),
I can only SEE this chart (myself) as being purely organised by big players (the biggest maybe) in a push & take game of profit & loss.
That would NOT affect the bottom-line of the business operations of those 500 companies. I could be wrong.
Just a highly organised event where price always appears to be going somewhere (planned ???).
London drove up solidly quickly, then looked to try and shake off any retail buyers jumping on with them for the ride, then back up to the Day Open.
New York looked to drive down solidly at the start AFTER a fake spike up, then seemed to try and shake off any retail sellers jumping on,
by pushing high hard to a BRN then collapsing rapidly in the "real selloff" way back down to another BRN low.
All before a huge Bermuda that went pretty much all the way back up to near the original high to then finish the day right back where it started.
Not too much different than currencies. The game is very well organised here imo and price always seems has a target.
I like to review is all. No point is being made by me posting this. Just another of my post-day review charts sorry. All the best pal.
.
Mate I only look at other charts if folks mention them.
And I don't post this chart suggesting I could trade it. This is just a review chart I do each day like I would for any currency.
On REVIEW (which is always easiest after the event
) I can see the market started the day pretty much exactly where it finished,while traversing through the highs and lows of set targets throughout the day.
Assuming that during the business day for those 500 top companies (as their employees turn on their computers & strive to better the company),
I can only SEE this chart (myself) as being purely organised by big players (the biggest maybe) in a push & take game of profit & loss.
That would NOT affect the bottom-line of the business operations of those 500 companies. I could be wrong.
Just a highly organised event where price always appears to be going somewhere (planned ???).
London drove up solidly quickly, then looked to try and shake off any retail buyers jumping on with them for the ride, then back up to the Day Open.
New York looked to drive down solidly at the start AFTER a fake spike up, then seemed to try and shake off any retail sellers jumping on,
by pushing high hard to a BRN then collapsing rapidly in the "real selloff" way back down to another BRN low.
All before a huge Bermuda that went pretty much all the way back up to near the original high to then finish the day right back where it started.
Not too much different than currencies. The game is very well organised here imo and price always seems has a target.
I like to review is all. No point is being made by me posting this. Just another of my post-day review charts sorry. All the best pal.
.
- #9,826
- Nov 9, 2023 3:32am Nov 9, 2023 3:32am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Hi t, Mate I only look at other charts if folks mention them. And I don't post this chart suggesting I could trade it. This is just a review chart I do each day like I would for any currency. On REVIEW (which is always easiest after the event
every Saint has a past. Every Sinner has a Future
- #9,827
- Nov 9, 2023 3:58am Nov 9, 2023 3:58am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} Much appreciated and very helpful. Thanks T
but to wrong foot everyone, Price breaks above said distribution zone, no respect shown to it, ie. Fake move Up
then Sell off into NY lunchtime, back down to a previous accumulation zone, which happens to be PD NY Open Range.
Range of the day didn't exceed 33 pips, so only half of the ADR, a slow day and close to PDH, PWH & PMH so expect some reaction here.
I don't like the term but overbought & expensive ?
It never gets easier, you just get better
- #9,828
- Nov 9, 2023 6:18am Nov 9, 2023 6:18am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
{quote} It's pretty much wyckoff theory going on, Price labours up into a previous distribution zone, but to wrong foot everyone, Price breaks above said distribution zone, no respect shown to it, ie. Fake move Up then Sell off into NY lunchtime, back down to a previous accumulation zone, which happens to be PD NY Open Range. Range of the day didn't exceed 33 pips, so only half of the ADR, a slow day and close to PDH, PWH & PMH so expect some reaction here. I don't like the term but overbought & expensive ?
Seriously- must be more focused on unfolding price at pre-drawn levels. Thanks chaps
every Saint has a past. Every Sinner has a Future
- #9,829
- Nov 9, 2023 6:52am Nov 9, 2023 6:52am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
- #9,830
- Nov 9, 2023 10:28am Nov 9, 2023 10:28am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Much better - bit of self flagellation and sack cloth works wonders, concentrates the mind and brings tears to the eyes
Maybe late in ( nerves?). I drew a box where price hovered around ASIA High - avoided triggering a short but took a long that failed ( hindsight it hit the bottom of the Asia box but was so fast anyway that there was little one could do but hit the close button and hope to limit the damage. Took a short per Roadmap that worked out well with me keeping my hands off the mouse !! The last long was a trifle late but I drew a box around what I thought was a higher high and 123 and off price went. Closed at 4pm a smug bunny
Maybe late in ( nerves?). I drew a box where price hovered around ASIA High - avoided triggering a short but took a long that failed ( hindsight it hit the bottom of the Asia box but was so fast anyway that there was little one could do but hit the close button and hope to limit the damage. Took a short per Roadmap that worked out well with me keeping my hands off the mouse !! The last long was a trifle late but I drew a box around what I thought was a higher high and 123 and off price went. Closed at 4pm a smug bunny
every Saint has a past. Every Sinner has a Future
- #9,831
- Edited 4:14pm Nov 9, 2023 3:54pm | Edited 4:14pm
- Joined Dec 2018 | Status: Trader | 4,596 Posts
{quote}
Much appreciated and very helpful. Thanks T
Hi turnip,
Cheers pal much appreciation to you also
.In Asia where I trade my long term observations are that Asia must (by definition) create the new high & low for the brand new day.
To achieve this (and then once the new days high OR low is established) then price must flip over to set it at the opposite end.
And then price can range, hopefully, which is where I often find my 7-10p setup once a settled structure takes place.
I will come back later then for pre-Franky/London
(which is an hour later for the next six months before Daylight Savings again, so that totally rules out New York for me now)
and attempt to do it all again. And then my day is over.
(Range will not always occur of course, as depending on news etc price in Asia CAN sometime shoot off & away without ranging, just not often).
The targets are all set out, Shabs has listed many of his in a previous post and I will show mine on my day review charts most of which are the same.
While about eighteen months ago Kev/Blue got me back into looking at the round numbers again, and the part they play in market and Trader psychology.
I always keep them in mind and continue to see their valuable part now as market/trader targets.
All the best pal, trade safe, trade well.
(ps hmmmm
,I will now look & see what Powell managed to say a few hours ago that apparently got the markets moving hahaa
)edit: ok Jerome but it all looked well organised anyway, who knows - we trade on
- #9,832
- Nov 9, 2023 4:57pm Nov 9, 2023 4:57pm
- Joined Dec 2018 | Status: Trader | 4,596 Posts
{quote}
Much appreciated and very helpful. Thanks T
Hi t,
Just a further chart follow up this morning, as sometimes the chart will speak better than all the words hahaaa.
Yesterday was a classic market behaviour/targets day in my own eyes.
Asia setting up its new day hi & lo, going low first then taking out the opening gap to the left and going up right to the RN500 to set the new high.
Price then inflected (ranged) around the Day Open line before a drop pre-Franky from that RN500 level again,
The 2nd x 15m candle after London was the "fake'n'flip then pretty much headed straight for the Prev Day Hi where price stopped and teased-in sellers (maybe).
Before heading straight up to the Day R1, where in a surprising (?) respect of the R1 on a lowish ADR price went back and messed around again at the Prev Day HI
And then price started its (almost these days) obligatory run to complete a "Bermuda" triangle playbook
.The New York move (in hindsight) looked a fake to start off with and then with the help of Powell (maybe
) ran down to its own yesterday's New York Open.All the while having its fun rotating around, and then finishing off the day, at a round number.
Surprising for me to see in the morning? Not really, it's just the days repeating market mechanics in my eyes.
How we trade it though, well that's a whole A4 of typing lol. But each to their own.
Friday fun is ahead, enjoy your weekend folks & back again next Monday.
.
- #9,833
- Nov 9, 2023 7:53pm Nov 9, 2023 7:53pm
- Joined Dec 2018 | Status: Trader | 4,596 Posts
Folks, without wanting (OR trying lol) to bore the sh!t out of you all
(may be that has been accomplished I don’t know
)
My whole chart purpose is just to show the market is well organised and there are things that have to be done
That price is always (imo) going to a somewhere.
These are NOT impressive trade setups that I show.
Just what can be achieved when we observe the repetitive market mechanics (in each persons time & session).
I snagged 9½p in there on a 12 pip range while they weren’t clean bounce trades, just what I do.
I will come back now pre-Franky and see if I can manage to do the same.
In the meantime walk the dog, listen to music, whatever, just I won’t be glued & staring at charts
(tho the chart will be open on the office desk lol)
I saw a post the other that caught my eye wwhere a Trader showed he closed off a 150 pip winner.
To ME well that is impressive, not just scalping for 10p.
Though when I looked at his worded post & chart I saw that he had held a longer positional trade and it was over 8 days that got the long run +150 pips.
150 / 8 = 18.75 pips per day
Pretty much what a scalper might be aiming for also.
So there is no ONE way of trading, and no ONE way which is correct, just what suits or personality & time management temperament is all.
(If someone can show the way of snagging a 150 pip trade winner EACH day then that would be terrific and I would love to run it across my Day review Template to see if there was any chance that I might see that in advance as well.
Wlse we do what we can do, and we play to be in front on the ledger when we are flat & all closed for the day.
Tight chart 15m review (not trading chart). Seems crackers even trading in there I guess. But there’s pips.
Back in about 4 hrs.
Trade well if trading & trade safe.
.
(may be that has been accomplished I don’t know
)My whole chart purpose is just to show the market is well organised and there are things that have to be done
That price is always (imo) going to a somewhere.
These are NOT impressive trade setups that I show.
Just what can be achieved when we observe the repetitive market mechanics (in each persons time & session).
I snagged 9½p in there on a 12 pip range while they weren’t clean bounce trades, just what I do.
I will come back now pre-Franky and see if I can manage to do the same.
In the meantime walk the dog, listen to music, whatever, just I won’t be glued & staring at charts
(tho the chart will be open on the office desk lol)
I saw a post the other that caught my eye wwhere a Trader showed he closed off a 150 pip winner.
To ME well that is impressive, not just scalping for 10p.
Though when I looked at his worded post & chart I saw that he had held a longer positional trade and it was over 8 days that got the long run +150 pips.
150 / 8 = 18.75 pips per day
Pretty much what a scalper might be aiming for also.
So there is no ONE way of trading, and no ONE way which is correct, just what suits or personality & time management temperament is all.
(If someone can show the way of snagging a 150 pip trade winner EACH day then that would be terrific and I would love to run it across my Day review Template to see if there was any chance that I might see that in advance as well.
Wlse we do what we can do, and we play to be in front on the ledger when we are flat & all closed for the day.
Tight chart 15m review (not trading chart). Seems crackers even trading in there I guess. But there’s pips.
Back in about 4 hrs.
Trade well if trading & trade safe.
.
- #9,834
- Nov 10, 2023 9:18am Nov 10, 2023 9:18am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
Folks, without wanting (OR trying lol) to bore the sh!t out of you all (may be that has been accomplished I don’t know
At only £5 per pip a 10 point win =£50 . Do that once daily and that = about £1000 per month/ £10000 per year.
Logically it is easier to hit ten than 50 pip winners. I often chip my way down a range/trend in small chunks. I won't get rich but I get paid.
Serious stuff now: I lost over £200 this morning. Saw it coming but was too slow to avoid it. Mrs T and I were in John Lewis stores: She bought me a shirt. I was happy. Then she told me how her dresses were old and tatty now. Result - muggins bought her a new one and compounded the loss with a new pullover and other bits she "had" to have. I fall for it every time
every Saint has a past. Every Sinner has a Future
- #9,835
- Nov 10, 2023 9:54am Nov 10, 2023 9:54am
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} 150 pip runner? : I lost over £200 this morning. Saw it coming but was too slow to avoid it.
It never gets easier, you just get better
- #9,836
- Nov 10, 2023 10:09am Nov 10, 2023 10:09am
- Joined Mar 2023 | Status: Trader | 1,007 Posts
without patience how can you be a trader?
- #9,837
- Nov 10, 2023 4:03pm Nov 10, 2023 4:03pm
- Joined Dec 2018 | Status: Trader | 4,596 Posts
{quote}
150 pip runner? Holding your nerve for £X per point move? At only £5 per pip a 10 point win =£50 . Do that once daily and that = about £1000 per month/ £10000 per year. Logically it is easier to hit ten than 50 pip winners. I often chip my way down a range/trend in small chunks. I won't get rich but I get paid. Serious stuff now: I lost over £200 this morning. Saw it coming but was too slow to avoid it. Mrs T and I were in John Lewis stores: She bought me a shirt. I was happy. Then she told me how her dresses were old and tatty now....
Hi t,
A game of nerves, maybe that's the MM plan, yes
I reckon once new traders can see that price action games are not random, OR with mainly random price moves,
and can see that price is always going somewhere
either TO or FROM a target,
then it may get easier on the nerves for them who knows.
After that when new traders can recognise there are usually three distinct price game moves during the course of each 24hrs,
which are the three session based games (agendas),
Asia then London then New York (and which are of course STILL target based)
then it may get easier on the nerves for them who knows.
Tough game, but achievable imo.
Enjoy the shopping turnip, happy wife equals happy life
Friday's Day Review Target chart for GBPJPY
they all look pretty much the same, day after day, yeah
,trade safe & trade well folks & enjoy the weekend break
.
- #9,840
- Nov 11, 2023 4:34pm Nov 11, 2023 4:34pm
- Joined Aug 2006 | Status: Trader | 5,317 Posts
{quote} . I fall for it every time
It never gets easier, you just get better