Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,884
- Feb 1, 2019 9:06am Feb 1, 2019 9:06am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,886
- Feb 1, 2019 9:24am Feb 1, 2019 9:24am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
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Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,887
- Feb 1, 2019 9:25am Feb 1, 2019 9:25am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
{quote} Hence my question. Well traded, sir
Any way, his analysis is way off... I'm not sure why he tries to embarrass himself with these videos
Darn shame.Cheers
ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,889
- Feb 1, 2019 10:51am Feb 1, 2019 10:51am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
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60+ pips in the bag... Let's see if TP 2 gets hit Click my username in the quote to view the image above to get an idea what I'm referring to
ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,890
- Feb 1, 2019 10:53am Feb 1, 2019 10:53am
- Joined Dec 2013 | Status: Trader | 1,942 Posts
{quote} Picking up my Fibo Banking levels, pretty sick eh
Never seen, your "fibo banking levels" before, eh! Follow the pattern, I do.
FIBO Candle Projection:https://www.forexfactory.com/showthread.php?t=807038
Learn, a forex trader must, unlearn and relearn he will.
- #79,891
- Feb 1, 2019 10:53am Feb 1, 2019 10:53am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
{quote} You see the gappo? Your chart
Which one? The one on the Daily Compression at: 110.298 or 113.364?
ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,893
- Feb 1, 2019 11:22am Feb 1, 2019 11:22am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
{quote} Never seen, your "fibo banking levels" before, eh! Follow the pattern, I do. FIBO Candle Projection:https://www.forexfactory.com/showthread.php?t=807038 {image}
24% & 42% are accumulation banking zones / Levels / Phases - you'll find these generally in a minor trend reversal. This is where the market price will stall before continuing or moving back the other way - in E.W.A you'll find these 24% & 42% fibo's being respected in a new Wave 1 to 5 development, i.e, Wave Leg 1 to 2, and Wave leg 3 to 4. Or in a corrective impulse wave from Wave Leg A to B, before creating C Leg.
~~~~ side note ~~~~
You may of heard of Steve Mauro? Who coincidentally has no clue what he is talking about, BTW.
He talks of levels, I had to school him to tell him he is being long winded in his 1000+ images of complete nonsense of illustrations, which just confused people even more. All he had to do was get his Fibo out and re-configure the 23.6% and 38.2% levels to the aforementioned fibo settings.
~~~~~~~~~~~~~~~
71.9% is another level, these ones take big balls to take on... while everyone is going long with the sentiment - it's merely a trap and the Banks and MM'ers will push the market back the other way.
Here's an example, see images below: (I could go on and on, but I hope you get the message?)
ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,894
- Feb 1, 2019 11:28am Feb 1, 2019 11:28am
- Joined Dec 2013 | Status: Trader | 1,942 Posts
Learn, a forex trader must, unlearn and relearn he will.
- #79,895
- Feb 1, 2019 11:35am Feb 1, 2019 11:35am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,896
- Feb 1, 2019 11:38am Feb 1, 2019 11:38am
- Joined Dec 2013 | Status: Trader | 1,942 Posts
Learn, a forex trader must, unlearn and relearn he will.
- #79,897
- Feb 1, 2019 11:39am Feb 1, 2019 11:39am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
{quote} The quote, I quoted
That I just gave you is 3 decades of experience.
Before you knock it, back test it!
ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
- #79,898
- Feb 1, 2019 11:50am Feb 1, 2019 11:50am
- Joined Dec 2013 | Status: Trader | 1,942 Posts
{quote} I edited my post above, why would you think I copied and pasted it from somewhere mate? That I just gave you is 3 decades of experience. Before you knock it, back test it! ATB
As for backtesting this concept, I must admit, the 142 level was actually what was discovered to be the best spot for a stop loss during the backtest of the indicator attached. The indicator is based on the envelopes indicator, for when price consolidates in the envelopes for x bars. The original algo traded the breakout, but also the retrace of 100 to 76.4. The concept of 142 was later discovered to be used for solid TP points.
Learn, a forex trader must, unlearn and relearn he will.
- #79,899
- Feb 1, 2019 11:55am Feb 1, 2019 11:55am
- | Membership Revoked | Joined Nov 2014 | 1,911 Posts
{quote} Oh, I just was under the impression you have shared this concept before, and I was hoping to read some more about it.
I was just fortunate to bump into a few people who even to this day trades on the Trading Floors. One of the other guys has recently died through extreme Drug and Alcohol abuse because he couldn't handle the stress. He started as an 18 year old Market Maker, dealing with billions - was worth over $40+ million by the time he died, he was 23. Real bloody shame
ATB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
