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  • #10,381
  • Edited 4:56am May 22, 2024 4:42am | Edited 4:56am
Pockets of liquidity can only really occur imho where liquidity either enters or leaves the market, via traders, with a market response then following
Well at least that's how I often think about it lol
Is that true or factual ????
Well I neither know nor care. I just (and can ONLY) trade the market as "I" will see it myself. And EACH to their own views here.
I feel there is no ONE way to trade the market - or one way that is BEST.
And how we trade it all is THEN only a manifestation of us, I believe.

Trade it to your best, if you can, and if not maybe work on yourself. A little cannot hurt.
And always trade any chart stuff safely.

Day is all over for me now, Asia was first then a break up to the good old Franky/London fake'n'flipper

In the short term I reckon the market must go up if it is to go down, and then conversely the market must go down if it is to go up, later,
which is the real trader conundrum in my eyes, or at least is my own personal challenge lol.

Back for Asia tomorrow now after a good night's sleep - and then I will examine what mischief occured in the New York session
And back here in a week, probably, with another chart. No point with charts each day as they all look pretty much the same to me over & over anyway.
All the best all

(quick edit: ...
Q. Why do I use different colours on my charts
A. Because I do NOT "annotate" my charts in real life trading. No words lol. The colours tell me all I need to know about where price is or is likely going)

.
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  • #10,382
  • May 22, 2024 6:29am May 22, 2024 6:29am
Quoting TimeTells
Pockets of liquidity can only really occur imho where liquidity either enters or leaves the market, via traders, with a market response then following Well at least that's how I often think about it lol Is that true or factual ???? Well I neither know nor care.
The Marketmakers & Professional Traders like to trap traders often at the Market Opens, to provide them with the liquidity for their positions.

I find the best opportunities are between Franky & London Opens where the set-ups often occur. You just have to be observant & patient to watch the shenanigans that play out each day.

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It never gets easier, you just get better
  • #10,383
  • May 24, 2024 4:44pm May 24, 2024 4:44pm
Market Makers / The Big Players ???
Who really knows (maybe just them knows, and them alone )

Well, however they all do it, they do it with great precision imho
(day after day )

Trade it all safe folks, and trade well

.
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  • #10,384
  • Edited 3:26am May 25, 2024 3:12am | Edited 3:26am
Quoting TimeTells
Market Makers / The Big Players ??? Who really knows (maybe just them knows, and them alone ) Well, however they all do it, they do it with great precision imho (day after day ) Trade it all safe folks, and trade well . {image}
Who do you think is behind the Franky Fake "N" Flip ?

Look a little further left, Previous Day Low & Tuesday High.
It never gets easier, you just get better
  • #10,385
  • Edited 4:08am May 25, 2024 3:54am | Edited 4:08am
Quoting Shabs19
{quote}
Who do you think is behind the Franky Fake "N" Flip ?
Look a little further left, Previous Day Low & Tuesday High.

Spot on Shabs,

These are day to day observations that traders can easily make & employ.

And also on that exact similar horizontal plane was a past London Open thus lining up a triple horizontal confluence.

They were all together with the 1.26750 round number also that had been sitting there all that time maybe just waiting for new trader interests.

These extra confluences of combined Hi/Lo traders, Opens traders & round number trader attractors can often be be prime setups for new major price action.

And whether we may also have done all our adds, substractions, multiplications, extensions, waves etc etc etc,
if we can be observant as you were on the charts there Shabs many horizontal lineups can be great places for price continuation takeoffs or reversal points.

So by using & trusting our eyes in combo with our brains we can better comprehend the behaviours of these often repeating market mechanics.
The where & the whys as it were.

Cheers
(ps I was posting GU Shabs while GJ did have the similar behaviour at the time with those Lows & Highs)
  • #10,386
  • May 25, 2024 4:19am May 25, 2024 4:19am
Quoting TimeTells
{quote} The where & the whys as it were. Cheers (ps I was posting GU Shabs while GJ did have the similar behaviour at the time with those Lows & Highs)
It happens almost everyday, many traders or bots have their stop orders placed at breakout levels, be they PDH, PDL, PWH, PWL, PMH & PML

Fear of Missing Out plays into this, impatience can be a killer sometimes.

Even if you get it right, the pullbacks can make you think twice and bail out.

GU, GJ, Dax & even Crude, the exact same play on Friday.
It never gets easier, you just get better
  • #10,387
  • May 27, 2024 10:32pm May 27, 2024 10:32pm
Dear Kelvin,Pete,Bluesteele,shabs,and members of flying dutchman
Hope you are doing well with Good Health
after long gap i had small doubt
what is meaning of George Boundless

NEVER PREDICT
NEVER ASSUME
  • #10,388
  • May 28, 2024 1:29am May 28, 2024 1:29am
Quoting venkatredy
Dear Kelvin,Pete,Bluesteele,shabs,and members of flying dutchman
Hope you are doing well with Good Health after long gap i had small doubt
what is meaning of George
Boundless
NEVER PREDICT NEVER ASSUME

Hi Venka,
I hope you are doing well also sir.
In regards to what other posters say & mean I feel it is best, for another, never to try and paraphrase what others have said.

For george, I opened his home page and did a search in the posts section for the word "boundless"
Maybe being boundless - would be you doing this search for yourself but I am not being harsh or cruel.
The things we find for ourself, in life or in trading, are often the best lessons regardless of the composite we make of all knowledge from many sources.

Regardless, here is how to do the search link yourself as it cannot be copied into a new post.

Go to George's Home Page.
On the left hand side of that page (and to the right off the Total Posts "number") there is a open box
Type in boundless, or any word or phrase, and see what you can find.

Perhaps when you have formulated a personal meaning for this particular word boundless you would contemplate how this might also assist in your trading.
(I have a feeling, if i remember correctly, that George also posted a link to a video from sadguru who also used this word in his own philosophical discussions)
George was quite emphatic that we can each learn from each other as we help each other.
Good fortunes to you.
  • #10,389
  • May 28, 2024 5:06am May 28, 2024 5:06am
Quoting venkatredy
what is meaning of George Boundless

Hi again Venka,
I was able to track down, at last, George's post for you on your question about George's view.

https://www.forexfactory.com/thread/...9#post11959359
  • #10,390
  • May 29, 2024 8:16pm May 29, 2024 8:16pm
Quoting TimeTells
{quote} Hi again Venka, I was able to track down, at last, George's post for you on your question about George's view. https://www.forexfactory.com/thread/...9#post11959359
Sadhguru is so good, I listen to him and he helped me alot to ground myself ...and now I do not give a Damn, I surrendered to Universe and take profits.
  • #10,391
  • May 29, 2024 9:02pm May 29, 2024 9:02pm
Quoting driven18
{quote}
Sadhguru is so good, I listen to him and he helped me alot to ground myself ...and now I do not give a Damn, I surrendered to Universe and take profits.

Hahaa, well done Driven ,

One of the keys imo is to do some "surrendering" also to the MM (if you know what I mean), or certainly to those who make our markets (ie drive price),
and then just follow along with them to an exit point of our own choosing.

The fake'n'flips the Market can throw out each day are what seem to throw off many traders AND of course their indicators (which ARE still quite useful imho)
while the F'N'F occurance can then discombobulate BOTH the trader and their indis until the market recalibrates again back to prior behaviour.

All a bit of fun though.
And in the video George posted above in my eyes Point 4 was also a good'un in that we may take a single (or many) "holiday from seriousness" during our day.

All the best with it D.


  • #10,392
  • May 29, 2024 10:00pm May 29, 2024 10:00pm
Quoting TimeTells
{quote}....... discombobulate BOTH the trader and their indis until ..........
An addition to my vocab.
Success = Practice + Patience + Persistence
  • #10,393
  • May 29, 2024 10:04pm May 29, 2024 10:04pm
Quoting fxpider
{quote}
An addition to my vocab.
Hahaaa

It sounds better I reckon fxp,
than the old "the market screwed me over again" line


  • #10,394
  • Edited May 30, 2024 6:58am May 29, 2024 11:11pm | Edited May 30, 2024 6:58am
Quoting TimeTells
{quote} Hahaa, well done Driven , One of the keys imo is to do some "surrendering" also to the MM (if you know what I mean), or certainly to those who make our markets (ie drive price), and then just follow along with them to an exit point of our own choosing. The fake'n'flips the Market can throw out each day are what seem to throw off many traders AND of course their indicators (which ARE still quite useful imho) while the F'N'F occurance can then discombobulate BOTH the trader and their indis until the market recalibrates again back to prior...
O Yes, MM is large part of the journey, follow the leader, I say.

I break trading into 3 parts of importance:

10% - Entry
30% - MM
60% Mind***k and Discipline.

The hardest and the longest to be enlighten with , was the last 60%.
  • #10,395
  • May 29, 2024 11:47pm May 29, 2024 11:47pm
Quoting driven18
{quote} O Yes, MM is large part of the journey, follow the leader, I say.
I break trading into 3 parts of importance:
10% - Entry
30% - MM
60% Mind***k and Discipline.
The harders and the longest to be enlighten with , was the last 60%.

Hi D,

Yes I can agree and easily work with & comprehend your stated numbers/percentages.

I have a fave saying regarding the MM daily plays & mechanics that is …
“once you see it you can never not see it again”

While it is also important for me, for folks reading this, to clearly understand this saying does NOT mean that each & every time you enter a trade it will just go to its logical winning conclusion. The things regarding the market that can work against a 100% trade success rate is that the market must FIRST (imho) aggregate all the (retail) trades initially before heading to their desired places/prices. Else who then would be taking the opposite side of all our “perfect” lol trades.

It can be a mindf**k for sure intraday at times, EVEN when knowing the ultimate direction & place price is headed (across its full three major sessions daily).
This prompts many traders to suggest to just enter & walk away and avoid the interim & seemingly random price movements subsequently.
But as that wouldn't suit my preferred style of trading (scalp/swing during dual sessions only Asia/Franky-London) I had to work something more out.
And then fortunately there is no JUST ONE way to trade successfully. Or just one way of trading which is BEST.
So we can all do our pwn thing (or combinations of) in the end. Scalp/Swing/PositionHold etc etc

Another new thread surfaced recently discussing the merits or otherwise of holding Overnight Positions in relation to Swaps.
To me that is a maths question rather than a trading question, but that’s just me.
Each to their own.
Show charts of what we look at.
And allow each individual trader to select their own preferred ‘way’ to trade in the end.

And that’s it.
Though a trader who hasn’t learnt more about THEMSELVES during their learning process has missed a good opportunity imho.

Trade safe, trade well all
  • #10,396
  • May 30, 2024 1:23am May 30, 2024 1:23am
Quoting TimeTells
{quote} Hi D, Yes I can agree and easily work with & comprehend your stated numbers/percentages. I have a fave saying regarding the MM daily plays & mechanics that is … “once you see it you can never not see it again” While it is also important for me, for folks reading this, to clearly understand this saying does NOT mean that each & every time you enter a trade it will just go to its logical winning conclusion. The things regarding the market that can work against a 100% trade success rate is that the market must...
I can only agree with that.

the only problems are the days when the MMs don't work as desired and recognising this early is the trick.

time is a factor, but so are days of the week. on some fridays, for example, they prefer to play golf or lounge around on a yacht;-)
trading is like dancing, don't think and just listen to the music!
  • #10,397
  • May 30, 2024 9:08am May 30, 2024 9:08am
I think MM being discussed by Driven means Money Management

Others at cross purposes by interpreting MM as Market Makers, different thing all together.

One you can control, the other you can't.

Interesting graphic about Market Makers : Average over 72% Losing Traders.

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It never gets easier, you just get better
  • #10,398
  • Edited 9:33am May 30, 2024 9:18am | Edited 9:33am
Quoting Shabs19
I think MM being discussed by Driven means Money Management Others at cross purposes by interpreting MM as Market Makers, different thing all together. One you can control, the other you can't. Interesting graphic about Market Makers : Average over 72% Losing Traders. {image}
Yes, MM is Money Management.

O Yes, MM is large part of the journey, follow the leader, I say, but cover your a*s.

I break trading into 3 parts of importance:

10% - Entry
30% - Money Management
60% MindF**k and Discipline.

The hardest and the longest to be enlighten with , was the last 60%.

And once you solved that, the cherry on top is what Mark Douglas preaches here.

Inserted Video
  • #10,399
  • May 30, 2024 9:42am May 30, 2024 9:42am
Quoting Shabs19
I think MM being discussed by Driven means Money Management Others at cross purposes by interpreting MM as Market Makers, different thing all together. One you can control, the other you can't. Interesting graphic about Market Makers : Average over 72% Losing Traders. {image}
I can only laugh at these lies of the br...

i know from a friend who works for a broker that these figures are fudged.

the majority of clients have destroyed their accounts after 6-12 months.

they make a good living from the 2-3% of constant traders AND from the constant growth of new clients, who again destroy their accounts.
trading is like dancing, don't think and just listen to the music!
  • #10,400
  • May 30, 2024 10:17am May 30, 2024 10:17am
Quoting birdland
{quote} I can only laugh at these lies of the br... i know from a friend who works for a broker that these figures are fudged. the majority of clients have destroyed their accounts after 6-12 months. they make a good living from the 2-3% of constant traders AND from the constant growth of new clients, who again destroy their accounts.
You are correct. It is close to as correctly and widely reported. 95% of traders do not make money or loose the accounts.
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