(binned per thread starter’s request) Intraday Topping/Basing Vs

Today I wish to discuss my intraday trading method based solely on both Intraday Topping/Basing levels and Reversal levels. I am quite sure most of them are aware that PA is a process of which price moves from level to level thereby forming distinguishable patterns. Hence we all know patterns like H&S Double top Double bottoms, butterfly, crabs higher highs & higher lows, fake-out, etc etc. of course just knowing these patterns alone is not robust enough to make a good trader, One must be able to know when PA is topping when it is climbing and basing when it is declining. Topping and Basing do not automatically means that Reversal will happen BUT for it to happen PA has to top or base first. Whilst Topping and Basing levels are dynamically contingent according to PA as nobody can predict where PA is finally going although there are levels which can give us a rough idea, Reversals are fixed at a fixated levels whereby the Breach and Hold levels are located.
All my trades are based on this method and this method alone. Perhaps you would like to tell us what method you use to trade.

Pls note that details on the respective levels WILL NOT be revealed or deliberated upon by anyone. Just a general descriptions will suffice.

Cheers
GS.

I am not surprised at all that it attracts no respond cos understandably not many are willing or can articulate their trading methodology in a public forum.
In fact a robust method is simple, precise and concise that requires no more than 5 steps to articulate and acted upon. Many times we have read in this forum how many so called and self-pro claimed professional traders have try to muddle a simple method into an incomprehensible and semantic method which never fail to fascinate and enthralled a great numbers of trader into a frenzy while leaving all of them not a wee bit wiser in the end. I won't want to go into more details as it will only incur the wrath of their many admirers and shills. Remember our infamous Jacko used to have the biggest numbers of supporters and admirers in FF history and some of them are still around today still behaving and believing that they are a better traders a cut above the rests.
Pls remember that if a method cannot be explained and understood by a 12 years old then it's probably not a effective method at all. I know many will dispute this fact but the truth will eventually prevail.
The most pathetic lie is to actually believe in your own lies.

Cheers and happy trading....
GS.
.

That may be so, but in my opinion it probably has almost nothing to do with why your thread attracted no responses.



That's completely wrong.

As a former institutional trader for about 16 years, and now an independent trader for nearly another 11 years, I've known a comparatively large number of people who have successfully made their full-time livings from trading the markets (not just forex), and out of all those people, I don't think I've ever met more than one or two whose methods could really be explained to, let alone understood by, a 12-year-old - and of course there are many reasons for that.

hi Quickly, i have read your posts and i would like ask you some questions, very interesting by the way

Big players usually combine positions covered with options. This is a subject i have pending to study. Why have not you introduced the options in your particular trading if you used this technique when as an institutional trader?

the other question, As an institutional trader, what kind of orders did you use? Everybody talks about market orders and limits orders but what about the orders"market if touch", that i think are another important type of order.

many thanks in advance

Another pointless thread.......................