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  • #5,181
  • Mar 8, 2018 12:21pm Mar 8, 2018 12:21pm
Quoting The Cableguy
{quote} (from my previous post, earlier this week, or was it last?) - {image} I prefer them in sets of 5's and retest the start.
Which bar is the thrust bar CG?

Anytime price moves away from a pull back it can thrust but not necesserily produce the visible thrust bar we're talking about.

Your diagram of EW tells me not to take an entry on the 3-4 pullback but on the 1-2.

What do you do if you visibly have a thrust bar on the 34 and not the 12?
  • #5,182
  • Mar 8, 2018 12:26pm Mar 8, 2018 12:26pm
When trying to find the best spot for entry at a sd zone look left to see if there is a nearby swing within the range of the zone. If there is then that swing price likely became the high volume point of the zone, so on it or a tick above.

I got got a lot of NFS today too though
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  • #5,183
  • Mar 8, 2018 12:38pm Mar 8, 2018 12:38pm
Notice price thrust down from 123 showing where supply is
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  • #5,184
  • Mar 8, 2018 12:55pm Mar 8, 2018 12:55pm
Here's another one supply down to demand
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  • #5,185
  • Mar 8, 2018 1:00pm Mar 8, 2018 1:00pm
Quoting Divergence
Here's another one supply down to demand {image}
Was just trying to understand what was and wasn't a thrust bar was as it seemed to be significant at these pullback levels.
  • #5,186
  • Mar 8, 2018 1:09pm Mar 8, 2018 1:09pm
Price has to make thrust bars if it’s moving fast and strong, there is no other way. Unless it thrusts and pulls back within one bar but then it wasn’t a real thrust to begin with, especially on fast charts
  • #5,187
  • Mar 8, 2018 1:26pm Mar 8, 2018 1:26pm
In these 4 examples which one would be considered having a thrust bar or thrusting away?

I would go for 2 + 3 simply because of the OB on 2 and Doji on 3
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  • #5,188
  • Mar 8, 2018 1:41pm Mar 8, 2018 1:41pm
The one on the right
  • #5,189
  • Mar 8, 2018 1:46pm Mar 8, 2018 1:46pm
So they're all the same pullback represented differently.
Point is, types of bars formed to display a doji or some other formation are meaningless on volume or tick based charts due to the variance of other traders platforms.
You can look and see what the price is doing and determine where buyers or sellers piled in.
I still think H has an advantage with his feed though as it's consistantly good.
Trying out time based candles to see if there's any difference as traders will be looking at the same thing.


lol H, this is the pullback from yesterday you said was not valid. lol
  • #5,190
  • Mar 8, 2018 1:48pm Mar 8, 2018 1:48pm
I didn't trade yesterday ozz guys try infinity futures they use transact feed
  • #5,191
  • Mar 8, 2018 1:52pm Mar 8, 2018 1:52pm
Quoting Ozz
{quote} Which bar is the thrust bar CG? Anytime price moves away from a pull back it can thrust but not necesserily produce the visible thrust bar we're talking about. Your diagram of EW tells me not to take an entry on the 3-4 pullback but on the 1-2. What do you do if you visibly have a thrust bar on the 34 and not the 12?

This isn't easy to answer, as there are various thrust bars. I'm simply finding that there is more 'noise' when you watch a faster tick rate.

Here is the 133 chart from earlier;

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and then the 400 trades;

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A lot of the 'noise' is removed on the larger scale. I am happier identifying the larger turning points and only looking for tests of such, but of course, even that doesn't gaurantee they will work. The point is, that you have to accept your losers and Be's, but at least going for the bigger turning points, if you can run them for longer, it swings the end result in your favour...

I only really started seeing it this way by trading it with SB's and thus a suffering a whole 1 point spread. It was then, that i started looking at even the 1000 tick charts and actually, it looks a lot easier to follow... (not much help for contracts admittedly, as stops need to be far larger)

Everyone see's it differently and must find what works for them. I'm still a work in progress. I had a hell of a day yesterday, but ended up down for the day, today. What worked yesterday didn't today! That's what makes Harold's results so much more impressive. 10 minutes after open and there it is - a chart with 120+ ticks already banked)
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  • #5,192
  • Mar 8, 2018 1:59pm Mar 8, 2018 1:59pm
Quoting The Cableguy
{quote} This isn't easy to answer, as there are various thrust bars. I'm simply finding that there is more 'noise' when you watch a faster tick rate. Here is the 133 chart from earlier; {image} and then the 400 trades; {image} A lot of the 'noise' is removed on the larger scale. I am happier identifying the larger turning points and only looking for tests of such, but of course, even that doesn't gaurantee they will work. The point is, that you have to accept your losers and Be's, but at least going for the bigger turning points, if you can run...
CG i don't know why you would try the NQ on SB. 400% spread and no access to the order book. Have you tried the DOW, at least the spreads the same.

Your EW theory looks like it's go some merit though.
  • #5,193
  • Mar 8, 2018 2:03pm Mar 8, 2018 2:03pm
Quoting Divergence
I didn't trade yesterday ozz guys try infinity futures they use transact feed
If they accept GBP they might be worth a try. Else there's too much loss in FX exchange costs on your account.

One of the downsides of being in the UK.
  • #5,194
  • Mar 8, 2018 2:05pm Mar 8, 2018 2:05pm
Quoting Ozz
So they're all the same pullbacklol
Hahah nice dude! I thought they all sucked.

I think the real point is you gotta see beyond the candles. Tick charts still have the advantage over time charts. I tried looking at a 15ish tick chart and zooming all the way out but that was tough
  • #5,195
  • Mar 8, 2018 2:10pm Mar 8, 2018 2:10pm
Quoting Ozz
{quote} If they accept GBP they might be worth a try. Else there's too much loss in FX exchange costs on your account. One of the downsides of being in the UK.
They do but I think I might be better funding in us dollars
  • #5,196
  • Mar 8, 2018 2:12pm Mar 8, 2018 2:12pm
Quoting The Cableguy
{quote} This isn't easy to answer, as there are various thrust bars. I'm simply finding that there is more 'noise' when you watch a faster tick rate. Here is the 133 chart from earlier; {image} and then the 400 trades; {image} A lot of the 'noise' is removed on the larger scale. I am happier identifying the larger turning points and only looking for tests of such, but of course, even that doesn't gaurantee they will work. The point is, that you have to accept your losers and Be's, but at least going for the bigger turning points, if you can run...
On the 133 tick number 4 was a perfect setup to short. Thrust down quick pullback
  • #5,197
  • Mar 8, 2018 2:17pm Mar 8, 2018 2:17pm
On cg 133 chart i see at least 4 good setups
  • #5,198
  • Mar 8, 2018 2:29pm Mar 8, 2018 2:29pm
Quoting Divergence
{quote} On the 133 tick number 4 was a perfect setup to short. Thrust down quick pullback
Agreed - there is also a nice thrust down from that fill, but taking the next one, (after 5) if you haven't counted a 5w set, will be a loser...
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  • #5,199
  • Mar 8, 2018 2:34pm Mar 8, 2018 2:34pm
Almost it went against about 12 ticks. You were the one thst turnef me on to 133 tick charts
  • #5,200
  • Mar 8, 2018 2:37pm Mar 8, 2018 2:37pm
This is just for JT, (cos i know how much he loves EW!)

Through trial and error, i found a great fib level trick to help determine the end of the 5th wave. Usual procedure is that it will be 61.8% of waves 0-3. Alternatively, if wave 3 was extended, then it will be 100% of weave 1, but i also discovered (all by myself), that it will often be either 161.8% or 200% of wave 4 length.

This is easy to see by extending fibs off of wave 3 end. Here is the Audi from earlier as an example;

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I mean, how about predicting the turning point to the exact pip? Shame i was demo'ing on Sierra at the time!)
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