DislikedIs the 1st price pattern to the downside of the S&P index nearly finished ? Sixer {image}Ignored
STING
- #966
- May 17, 2019 2:32am May 17, 2019 2:32am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
EW, here is youtube video of Advanced GET features: https://www.youtube.com/watch?v=-HjFA1zbtFs and the website: https://www.esignal.com/members/support/esignal-elite Sixer
Yes, it look beautiful in hindsight..
- #968
- May 17, 2019 6:22am May 17, 2019 6:22am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Check this EURCAD 5 minutes yesterday evening.
-"Perfect EW setup" for an end of w4, everybody is looking at the same setup.
-Market maker head fakes everybody, after the apparent textbook abc correction.
-Then drops down to take all stops.
-Adding 2 filters: an oscillator divergence, plus a STOP RUN to the setup, would have saved the trader from the head fake, and would have rendered a very profitable trade to the eow5 target.
Note how Dynamic Trader identified properly the end of wave 4 and w c, in Price and Time, also the target.
-"Perfect EW setup" for an end of w4, everybody is looking at the same setup.
-Market maker head fakes everybody, after the apparent textbook abc correction.
-Then drops down to take all stops.
-Adding 2 filters: an oscillator divergence, plus a STOP RUN to the setup, would have saved the trader from the head fake, and would have rendered a very profitable trade to the eow5 target.
Note how Dynamic Trader identified properly the end of wave 4 and w c, in Price and Time, also the target.
- #972
- May 18, 2019 3:06am May 18, 2019 3:06am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Check this trade I took late in the Evening before the closing.
EURUSD 5M
Note the divergence and stop run at the end of w4.
But most important, look at the massive stop run attack later on, those 2 bars up and down I marked.
That is what makes forex so difficult, Big Boys have no shame.
I kept my stop at a safe distance and closed with a profit, but that kind of wide trailing comes with a price, other trades will not work so good, and trailing with a tighter stop would reduce the loss. In the end of the day, you need an edge, that might be tiny, but if you are consistent, and repeat enough times, money comes in.
You all have a gorgeous weekend.
EURUSD 5M
Note the divergence and stop run at the end of w4.
But most important, look at the massive stop run attack later on, those 2 bars up and down I marked.
That is what makes forex so difficult, Big Boys have no shame.
I kept my stop at a safe distance and closed with a profit, but that kind of wide trailing comes with a price, other trades will not work so good, and trailing with a tighter stop would reduce the loss. In the end of the day, you need an edge, that might be tiny, but if you are consistent, and repeat enough times, money comes in.
You all have a gorgeous weekend.
- #973
- May 18, 2019 3:18am May 18, 2019 3:18am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
Talking about equipment:
This monitor would be my choice, you can connect it to a 4 K laptop, or a desktop PC with a 4 K graphic card. It gives you the space of 3 big monitors, add the laptop screen for excell and notes and youré surfing.
https://www.asus.com/us/Monitors/ROG-Strix-XG49VQ/
A much cheaper, 4 K option (I have 2 of these).
https://iiyama.com/gl_en/products/prolite-b2875uhsu-b1/
You don´t need a super computer unless youré into gaming.But 4 K, or better, 5 K is a must. Once you switch to these levels, anything below looks like a black and white TV.
I mean, even a taxi cab driver invests in equipment, after all, we want to have fun trading.
This monitor would be my choice, you can connect it to a 4 K laptop, or a desktop PC with a 4 K graphic card. It gives you the space of 3 big monitors, add the laptop screen for excell and notes and youré surfing.
https://www.asus.com/us/Monitors/ROG-Strix-XG49VQ/
A much cheaper, 4 K option (I have 2 of these).
https://iiyama.com/gl_en/products/prolite-b2875uhsu-b1/
You don´t need a super computer unless youré into gaming.But 4 K, or better, 5 K is a must. Once you switch to these levels, anything below looks like a black and white TV.
I mean, even a taxi cab driver invests in equipment, after all, we want to have fun trading.
- #980
- Jun 11, 2019 12:38am Jun 11, 2019 12:38am
- Joined Nov 2008 | Status: Trader | 2,141 Posts
I didn´t mention EW right?
So once I establish my time coordinates, then I will look for a pattern both ways.
If I get a clear EW then I will use it to optimize the trade.
And last but not least, all is easier said than done lol.
So once I establish my time coordinates, then I will look for a pattern both ways.
If I get a clear EW then I will use it to optimize the trade.
And last but not least, all is easier said than done lol.