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Plan the Trade

  • #5,201
  • Mar 8, 2018 12:43pm Mar 8, 2018 12:43pm
Quoting Divergence
Almost it went against about 12 ticks. You were the one thst turnef me on to 133 tick charts
Ha! I was using them most of last year, well.. from early Summer onwards, but that was late in the day when the volume was dried up, so i was trying to speed things up!

Well, let's face it, you never stop learning in this game)
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  • #5,202
  • Mar 8, 2018 12:48pm Mar 8, 2018 12:48pm
Quoting rudy5
{quote} 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
Got a scrunched up 4 tick chart on another screen. Hard work looking at it during the mad hour.
  • #5,203
  • Mar 8, 2018 12:54pm Mar 8, 2018 12:54pm
Quoting Ozz
{quote} Got a scrunched up 4 tick chart on another screen. Hard work looking at it during the mad hour.
4 tick chart is like price being fired from an oozi
  • #5,204
  • Mar 8, 2018 1:07pm Mar 8, 2018 1:07pm
Quoting The Cableguy
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; {image} I mean, how about predicting the turning point to...
Excellent stufff, CG : I also unerringly take into account the symbiotic relationships between iWaves, uWaves and - most importantly of all - I never forget to fully calibrate off-axis thrust bars to ensure they do not turn my account into dust. The dreaded "Fibonacci dust thrust".

Where's the Audi ?
  • #5,205
  • Mar 8, 2018 1:40pm Mar 8, 2018 1:40pm
EW is cool but are you actually taking entries or exiting trades at those points
  • #5,206
  • Mar 8, 2018 6:16pm Mar 8, 2018 6:16pm
Anyone watch the current day's poc/vah/val ?
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  • #5,207
  • Mar 8, 2018 7:41pm Mar 8, 2018 7:41pm
nope.

If I woulda been trading I want to say these would have been my trades. If I can trick myself into thinking im in sim on my live account I'd be golden
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  • #5,208
  • Mar 9, 2018 1:01am Mar 9, 2018 1:01am
Quoting rudy5
EW is cool but are you actually taking entries or exiting trades at those points
EW is so cool it freezes my capacity to think, so for the sake of clarity, I was just kidding & leave such sophisticated chart analysis to my good friend, CG, who is a lot smarter than me. Gorilla, rather than chimp, sort of thing...(but both apes) .
  • #5,209
  • Mar 9, 2018 1:15am Mar 9, 2018 1:15am
How often are the best entries to a trade, right at the point where your contrarian indicator is screaming the opposite?!

I ran an experiment last night and tried to lose on demo. Without trying to use too much TA, i just went random. The market had risen quite a bit, so i opened a Long, (cos that seemed to be the opposite of what my mind was telling me to do!). It went instantly into 20 ticks profit, so i closed it and went short... within 4 ticks, it reversed and went down for another +20! Seriously!

Maybe this should be the plan! Take the opposite trade to what your mind naturally tells you to do) 'Trading made Simple' - just try to lose instead of win!)
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  • #5,210
  • Mar 9, 2018 2:07am Mar 9, 2018 2:07am
123, thrust, retrace... as viewed with flagline retests;


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EG;

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EU;

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  • #5,211
  • Edited 4:31am Mar 9, 2018 4:04am | Edited 4:31am
Rinse, repeat... supply, thrust, 'V' retest and back to demand;

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123, trigger, 'V';

EJ;

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  • #5,212
  • Mar 9, 2018 5:46am Mar 9, 2018 5:46am
Gonna keep highlighting this pattern, so it sinks in... for my own benefit;

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  • #5,213
  • Mar 9, 2018 5:54am Mar 9, 2018 5:54am
seems theres always a 123 break V pullback CG
  • #5,214
  • Edited 12:32pm Mar 9, 2018 5:57am | Edited 12:32pm
I mentioned yesterday about TA leading fundies... I've had this argument many times with Fundy traders.

How come it happens time and time again. Ok, so you can argue that if the opposite PA printed you could build the chart to fit, but i don;t think that is the case here.

We just had the Cad miss and the US figures better than expected, but look at the pattern playing out prior to release;

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The pullback to prior Supply and reaction at start of a minor 5w move, the flagline already formed etc. Am i imagining all of this as i say, maybe if it rocketed upwards, you would dismiss all of it! or is it voodoo stuff at work!)
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  • #5,215
  • Mar 9, 2018 6:00am Mar 9, 2018 6:00am
Quoting Divergence
seems theres always a 123 break V pullback CG
Exactly what i'm trying to concentrate on H.

It doesn't matter if it is viewed as a flagline or not, because i only like flags that form off of a point 2 of a 123 in any case...

So the story is always the same, 123, trigger, deep pullback. The 'V' (for Vendetta) just helps to focus the mind on looking for the thrust as the clue for Supply (or Demand).

(And i have a huge vendetta against the markets in general!).
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  • #5,216
  • Mar 9, 2018 6:00am Mar 9, 2018 6:00am
and yet another 123 at supply
  • #5,217
  • Mar 9, 2018 6:03am Mar 9, 2018 6:03am
every one (except one where though it went down kinda drifted down) of those 123 had a thrust bar following point 3 that's the signal for where supply is
  • #5,218
  • Mar 9, 2018 6:12am Mar 9, 2018 6:12am
Back up again . . .
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  • #5,219
  • Mar 9, 2018 6:25am Mar 9, 2018 6:25am
hey Jason that was a 2b break pullback on daily
  • #5,220
  • Mar 9, 2018 6:27am Mar 9, 2018 6:27am
Quoting Divergence
every one (except one where though it went down kinda drifted down) of those 123 had a thrust bar following point 3 that's the signal for where supply is
Agreed.

The Vendetta logo, is great, cos of the shape of it. It's slightly less than a double top and that really is where it's at (back to centre of prior Supply);

Attached Image


Ok, so i need to reverse the photo to be accurate!)
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