Plan the Trade

interesting day

Wow !!!

Down and then back up from pivot

Quick work H

you did as good as i did nice

i recorded todays session audio not great wife was watching tv

Look at the long up from 83 just now. Very nice!
10:25 candle on 30sec chart

wicks are very revealing arent they

finding where sellers and buyers come into market using supply and demand coupled with the wick plays seems to be a nice way to trade. markets are always changing but supply is supply and demand is always demand anyone here from CG

83 level again at 10:50

Unlike him to not chime in, hope he's feeling alright

Back on Sim trading ... ended at +18 ... missed a couple of good entries by a few ticks.

Still here guys, just been testing between ticks and sec charts, cos i like the idea of the wicks/tails.... in any case, the story is the same. The wicks/tails is a great way to help identify where buyers or sellers take control and that's all we really want.

I'm concentrating on determining trend first, then looking for retests of obvious peak/troughs and/or wicks/tails... I still see things with EW perspective though and that's a lot of why i don't regularly update. For example i could see that Sunday nights high around 7414 was a double top from Thursday/overnight into Friday session and thus waves A&B with C to come, meaning fresh lows likely. That is on a big scale but it helped me determine where to expect turns on the lesser scales with bias Short... (if you follow me?!)

Anyway, i decided to try to label todays chart by highlighting the peaks and troughs that i was watching;



It was a good session by all counts. More than that i'm actually enjoying it again...

Oh.... one more thing - i've added my old favourite indie again (MACD), cos when there is clear Regular Divergence formed at the same level as a previous obvious Supply/Demand area, it becomes a much stronger set-up (imo)

I don't generally recommend indies and the art is not to get too wrapped up in it, but look at the chart above and see the ND formed around 10:34 coinciding with the sell over to the left and it looked nailed on for the return to downtrend and fresh lows (imo)...

nice chart CG CAN YOU POST SAME CHART NEXT TO 30 SECOND CHART

133 tick;



30 sec;

i think 30 second chart gives a little better clues dont you?

Yep, it cuts a bit more of the noise out of the 133, but i guess that will always depend on the current volume. Those wicks are a little sharper too.

You've done it again H, simplified the method even further!

I have battled on. There have been 30 ticks of losses among the winners;

That Regular Divergence combined with prior S/D is deadly tho'

Ok, so i know that wont make much sense to a lot of people and as always, a chart says more than a thousand words can do. Here's the double top in A&B (both in 3 waves themselves)



Once we had the reaction, it gave me the short bias yesterday. Now you could argue, if you were so sure, why not go short and just leave it for some huge gains then? Well... let me say, i have played around with EW for 7 or 8 years now and if it worked consistently, i would just be using that. The picture now, is one of using it for a bias - It is fractal and so each cycle can be deciphered the same way.

All of this sounds like it is over-complicating things and as Harold keeps showing - it kind of is! However, i can not change the view that i have, but what's really changed things around, is the idea of using it together with Supply/Demand to determine where we will likely return to main underlying trend.

Corrective moves usually end with a 'c' wave and those are often ending diagonals... when these create Reg Divergence at a point where there was a previous sharp peak/trough (S/D), it is a really strong indicator that the corrective move is finishing and it is time to return to underlying trend - thus the targets will be fresh highs/lows (long/short).