Disliked{quote} These are taken from JPS book New Market Discoveries. Some people find it a bit abstract unless you are familiar with his earlier books.Ignored
- #262
- Edited 3:53pm Dec 31, 2016 3:03pm | Edited 3:53pm
- Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts
{quote} These are taken from JPS book New Market Discoveries. Some people find it a bit abstract unless you are familiar with his earlier books.
I've found a way to map out and isolated these parabolic trends in swings, and finally understood something... of how and why they occur, and how to exploit them.
I think I would be starting a research journal regarding this soon. Excited by this finding.
- #264
- Jan 3, 2017 4:49pm Jan 3, 2017 4:49pm
- Joined Feb 2011 | Status: Crystal Jade Per Day Trader | 397 Posts
A well chosen example of a failed initial move followed by a larger distribution the other way. JPS calls these Yellows and he says they happen 15% of the time. His thoughts are: Green (good move that continues) = 40% Yellow (failed move followed by a good one) = 15% White (absolutely nothing happens either way) = 5% Red = (small move only) = 40% Actually I think I have these slight wrong and will correct later. Either way it calls for searching for Step 4's and then "going with" subsequent direction. I am only adding triggers such as IB's and others...
{quote} Hi, I look forward to seeing it, I have been a bit frustrated last four weeks, having had about four or five trades with unrealized 150pts profit end back at zero... I think Dec was a flat month for me after a stella run last year.
... and would you consider this setup as a yellow? A "go with" (higher timeframe sync with lower timeframe, to form the trend)?
Because if this is the case, it could mean I had found a way to mark the development points automatically -> reduce human error -> improve trading results.