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  • #10,221
  • Mar 2, 2024 7:19am Mar 2, 2024 7:19am
Quoting moodybot
{quote} Just some thoughts. Price (or the illusion of price) is a closely guarded, closely controlled pre-programmed algorithm which has but one intention and that is to convince people to gambl.. err participate in a particular controlled misdirection. It achieves this in the most efficient way possible, and we see this as patterns on the chart. Ask one self why different combinations of currency pairings show similar patterns, the difference only in the magnitude. By changing the magnitude and timing between different pairs gives the illusion...
The market's job, is simply, to take the money from the many to the few.
Master your Mind,,,Master the Market
  • #10,222
  • Mar 2, 2024 2:02pm Mar 2, 2024 2:02pm
Quoting bluesteele
{quote} The market's job, is simply, to take the money from the many to the few.
That of course my old mate, is the real nature of the market.. and perhaps life in general.
  • #10,223
  • Mar 3, 2024 1:24pm Mar 3, 2024 1:24pm
Quoting moodybot
{quote} That of course my old mate, is the real nature of the market.. and perhaps life in general.
The market's job, is simply, to take the money from the many to the few @bluesteele

Should happen again during the UK budget on Wednesday
every Saint has a past. Every Sinner has a Future
  • #10,224
  • Mar 4, 2024 5:31pm Mar 4, 2024 5:31pm
For todays Yen watchers.

The BoJ Gov Mr Ueda will have a Red News chat for us all today in around 4˝ hrs (if they keep to their schedule )

Unlike many other countries with Central Banks, the BoJ themselves cannot intervene fiscally in their currency (only in some Bonds purchases as I understand it)
While the current 10yr bond auction rate will be announced about a ˝hr prior to Mr U speaking.

Regarding fiscal intervention with their currency (the Yen), this can only take place by their Govt via the Ministry of Finance
(again, as I understand it).

The Yen is in a potential moving state again after topping last month, but where it will go is still anybody's guess in the short term.
(Though JPY deflation for the past 20 years, wow, is apparently being "considered" as now over according to a recent news article )
https://www.reuters.com/markets/asia...do-2024-03-04/

So be prepared for some Yen-based ups & downs later maybe (or one, or both, hahaaa) if playing with the Yen today I guess
Here's the GBPJPY daily chart overview for the past seven months or so, with some future Pivs both above and below current price.

New high (or low), who knows. I just watch
(and prob just trade the GU again today, me I mean maybe, it's still a bit too early to tell).

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 16 KB
  • #10,225
  • Mar 4, 2024 10:57pm Mar 4, 2024 10:57pm
I'm untrusting at the best of times. Regarding money talk, market talk etc etc. The truth always seems to be very deep & often well hidden hahaaa


So what did we get from the Red news el supremo, Mr #1, the talking head of the central bank of Japan.
Nada. Sweet f'all as my friends in my youth used to say.

Nothing about the economy, nothing about inflation etc, nothing about policy lol
Oh, the only something was about Japan proceeding with the pilot program for their CBDC . The future of Japan's payment system ahead
https://www.forexlive.com/centralban...ency-20240305/

And to top it off, Japan's Finance Minister says there is NO truth to the Reuter's Report that they are "considering" announcing an end to their two decade deflation.
Echoed by the Economy Minister also.
https://www.forexlive.com/centralban...tion-20240305/


Basket case over there imo .

Trade your yen crosses according to great safety imho.

Trade 'em well and all the best for the rest of our March
  • #10,226
  • Mar 6, 2024 2:43pm Mar 6, 2024 2:43pm
Quoting bluesteele
{quote} The market's job, is simply, to take the money from the many to the few.
Trader Tom's new video. One interesting part is where he discovered why he traded so well whilst on holiday compared to his normal workplace trading. Enjoy.

Inserted Video
every Saint has a past. Every Sinner has a Future
  • #10,227
  • Mar 7, 2024 10:43am Mar 7, 2024 10:43am
Once more technical analysis annihilates any kind of attempt at fundamental analysis. Fundamental analysis is a casino and technical analysis is being the owner of the casino.
  • #10,228
  • Mar 7, 2024 3:56pm Mar 7, 2024 3:56pm
Quoting turnip15
{quote} Trader Tom's new video. One interesting part is where he discovered why he traded so well whilst on holiday compared to his normal workplace trading. Enjoy. https://www.youtube.com/watch?v=JrwVfE58MHs
Had to wait until almost the end until he came up with a strategy that's as old as the hills, otherwise the number crunching bored the pants off me.
It strikes me that he is constantly looking for new ways to scalp.
It never gets easier, you just get better
  • #10,229
  • Mar 9, 2024 7:17pm Mar 9, 2024 7:17pm
Okay, NY open an hour earlier this coming week
(UK & EU to follow - a week later ???)


GBPJPY chart breakdown (by sort of ~8hr session blocks)

(what did I get out of the London fake'n'flip 100 pip dropper lol, .... 13p - it is what it is & so be it )
Trade safe, trade well folks

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 days breakups.png Size: 26 KB
  • #10,230
  • Edited 9:54am Mar 10, 2024 9:20am | Edited 9:54am
Quoting TimeTells
Okay, NY open an hour earlier this coming week (UK & EU to follow - a week later ???) GBPJPY chart breakdown (by sort of ~8hr session blocks) (what did I get out of the London fake'n'flip 100 pip dropper lol, .... 13p - it is what it is & so be it ) Trade safe, trade well folks . {image}
This is a zoomed in version of events, if you zoom out a little (maybe to the H1 chart) you should see the larger market context / structure and why that area was a good place to short GJ.
It never gets easier, you just get better
  • #10,231
  • Mar 14, 2024 12:41am Mar 14, 2024 12:41am
I apologize for being M.I.A. ,for the last month or so, to those who are waiting for private message replies etc... Been hanging out in Mexico for awhile now..not doing nothing ..not looking at charts or computer ..laptop etc.

Just taking a break from everything and indulging in beers, tequila , tacos Carne the pool etc....and HOT Sunshine... Will get back to you all soon ...

Trading can wait..always another setup..a trade...more to life than staring at a screen...

Salud !
Blue
Master your Mind,,,Master the Market
  • #10,232
  • Mar 14, 2024 12:51am Mar 14, 2024 12:51am
Quoting bluesteele
I apologize for being M.I.A. ,for the last month or so, to those who are waiting for private message replies etc... Been hanging out in Mexico for awhile now..not doing nothing ..not looking at charts or computer ..laptop etc. Just taking a break from everything and indulging in beers, tequila , tacos Carne the pool etc....and HOT Sunshine... Will get back to you all soon ... Trading can wait..always another setup..a trade...more to life than staring at a screen... ...
Enjoy and get rejuvenated.
Success = Practice + Patience + Persistence
  • #10,233
  • Mar 14, 2024 3:44pm Mar 14, 2024 3:44pm
Attached Image (click to enlarge)
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Master your Mind,,,Master the Market
  • #10,234
  • Mar 15, 2024 12:34am Mar 15, 2024 12:34am
Good afternoon all,

Stuff I learnt from George..Yes these charts are still showing up. More like carbon copies. Thank you George. I still read his posts and look for his setups.
Take a look at the chart, it happened some hours ago.

Trade Well All.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.rM1.png Size: 34 KB
  • #10,235
  • Mar 15, 2024 5:51am Mar 15, 2024 5:51am
5 minute and one minute charts help me out sometimes albeit Timetells habit of using 15 minute charts are very good for planning levels to be noted before moving down time frames.
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #10,236
  • Mar 15, 2024 8:02am Mar 15, 2024 8:02am
Quoting bluesteele
{image}
Oh yeah! I got it now

BS (BlueSteele) <-------> SB (Stacey Bruke)
Success = Practice + Patience + Persistence
  • #10,237
  • Mar 15, 2024 12:02pm Mar 15, 2024 12:02pm
Some more lines from 5 minute and one minute - UK afternoon on oil until 4pm UK

Not real trades just playing with macd and levels. But "Roadmap" is core.
Attached Image(s) (click to enlarge)
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every Saint has a past. Every Sinner has a Future
  • #10,238
  • Mar 15, 2024 6:02pm Mar 15, 2024 6:02pm
Quoting turnip15
5 minute and one minute charts help me out sometimes albeit Timetells habit of using 15 minute charts are very good for planning levels to be noted before moving down time frames. {image} {image}

Hi turnip,

Cheers mate, yes I mainly use the 15m chart for my End Of Day Reviews
as imo they better visually separate the Targets more so than say a one hour chart.

During the sessions I can watch the One Hour chart as all my Targets are NOT chart time dependent but price level dependent and then the Targets I can use to observe what “other traders” and the larger market might do in response to a Target being chased or arrived at.



Hi W,
Quoting whitesta
Good afternoon all, Stuff I learnt from George..Yes these charts are still showing up. More like carbon copies. Thank you George. I still read his posts and look for his setups. Take a look at the chart, it happened some hours ago. Trade Well All. {image}
Cheers also mate, re the BRN reference you make on your chart I agree with completely, as imo no Target or line or level has any ability (of its own) to either stop price moving to it or through it or even bounce from it.

Targets are then just a reference point (to me) of where “other” traders might get interested themselves in either entering a new trade (regardless of direction) OR exiting a position (as a TP or a Loss).

Targets, targets, targets was george’s main message that I got. While I believe george also said the Tma_True indi (thanks Tzamo) was only used about 2% of his time among all his other multi Filters.



Whatever a trader uses (ma’s, indi’s, lines or targets etc) I to believe it is then functionally the subsequent market response that is paramount in how I might trade (or NOT trade) at the time.

Each to their own folks, trade safe, trade well.


GBPJPY end of day review and some targets I might be watching for market/trader responses.

.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 attracted or enticed.png Size: 23 KB
  • #10,239
  • Mar 15, 2024 6:34pm Mar 15, 2024 6:34pm
Quoting bluesteele
{image}
Fraud!! Can’t be real…

No volume on T Shirt!!…
  • #10,240
  • Mar 15, 2024 7:58pm Mar 15, 2024 7:58pm
Quoting moodybot
{quote} Fraud!! Can’t be real… No volume on T Shirt!!…


Volume...Larry Williams... You all know him.. he studied volume..he paid the top traders in industry at time to teach him about volume. For one year ..intense study..tossing a ton of money at it..

Results...he found it did not.ncrease his edge...it did not help him

Research it ...for some they kill it using volume...others kill it no volume required...

It's you ..that's the difference.. if you need volume use it...if you don't ...don't...

I don't need it.. others do
.and that's ok ..cool beans..

Balmy 27c...having a big cook up

Mexican familia making some delicious food

..tequila and beers flowing ...

Cheers.
Master your Mind,,,Master the Market
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