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  • 17 Results
  • itsmagic101 replied Mar 17, 2021

    My observation (personal preferences): I would not draw the VTL like that, I am drawing them at the lows not the close, even considering that your VTL looks still off :-) Assuming if the line was drawn like that: 1) There is no conviction / momentum ...

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 17, 2021

    Will do, have added main reasons for entry as well.

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 17, 2021

    You learn to resolve your psychological / emotional impediments by applying and failing (fast), applying and succeeding and understanding why it happend. I think it took me about 5 years or so to lay those foundations and being able to control the ...

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 17, 2021

    Applying (not just reading) all Mr. Paris his teachings :-) Target1 = FLD Target2 = Distance between recent high price and FLD My current high probability toolset: #1 Cycles #2 Channel Support/Resistance #2 VTL #3 Price Action and/or HeikenAshi ...

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 16, 2021

    Hope this makes sense. Cheers, M

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 16, 2021

    Hi Ronin, Was suffering from a "luxury" problem, my entries are pretty accurate after solving my timing issue. As there are many support and resistance lines using this technique I was struggeling to understand how to target these. By using the FLD ...

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 16, 2021

    Hi guys, Just wanted you share a small insight which has had a big impact on my bottom line. I am using the FLD as a price magnet also, it has helped me to stay in the trade longer, rather than only as a support/resistance level (which is also ...

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 11, 2021

    Normally I don't take the trade against the flow, however could not resist because of the screaming symmetry and confluence with the Fibonacci numbers. Not sure if this one will workout but went in anyway.

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 10, 2021

    Hi Merka, No extra benefit at all, other than it looks more clean. I have traded with 1 envelope and price action before I learned about this thread. Now I am trading with 3 channels and using VTL extensively thanks to Paris with crazy succes and ...

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 9, 2021

    Correct, was playing a lot with it. It is the same principle as the displaced moving averages, however it projects the last 12 bars so I do not have to draw them in. Most people are using them in the wrong way, thinking they have magical powers. I ...

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 9, 2021

    Hi Paris, Should be " I have learned a lot".... Another trade started on GBPUSD

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied Mar 9, 2021

    Hi Paris, Thanks so much for your contributions, I have earned a lot. Just took this trade on the GBPJPY, please feel free to comment. Thanks, Magic

    Analysis and Trading based on Envelopes, Waves, Cycles
  • itsmagic101 replied May 10, 2017

    Hi Kimie, I'm using the same entry point as Liun.

    Chinese KONGFU system
  • itsmagic101 replied May 7, 2017

    Just wanted confirm that the approach from Liun is valid and the philosophy behind it is working for me ( I am using a similar system, just did not classify the market in such a manner). I don't want to hijack the thread, but was excited as it seems ...

    Chinese KONGFU system
  • itsmagic101 replied May 6, 2017

    This information was the missing piece of the puzzle in my trading journey. It looks like it my robot more stable and profitable. I did not copy the system but was inspired by the classifications of the market. For yours and my inspiration, this the ...

    Chinese KONGFU system
  • itsmagic101 replied Apr 25, 2017

    Got it, so you trigger the trade not after the close of the candle, but rather immediately when it nears the white line.

    Chinese KONGFU system
  • itsmagic101 replied Apr 25, 2017

    Hi Liunliun. First of all many thanks for teaching us this system and am eager to learn more. I am currently back testing this via my automated system and find the results encouraging. One question, as you wait for closure of the price, is there a ...

    Chinese KONGFU system
  • Posts by Member Search: 'itsmagic101'
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