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  • #81
  • Mar 27, 2020 12:14pm Mar 27, 2020 12:14pm
I hesitate to go over historic charts and pick out stuff that "fits" my view of trading. Despite that I'm going to do a bit of that in an effort to better elucidate this "system". The PDF is in progress but given what I intend the PDF to be it will not be coming out quickly.

For anyone learning to trade any method I recommend lower time frame (LTF) charts to learn one's chosen strategy. Let me be clear that when I do use LTF charts I use them as they are and not as an entry method using multi time frame (MTF) analysis. I think I've stated before that I do not use MTF and will not discuss it in this thread.

In the chart below the pink swings on the way up are shown. The green arrow points to a WRB gap signifying where significant buyers propelled price to new highs. The last blue impulse swing becomes the first corrective swing when price dips below it. Notice how price takes out the WRB gap (red arrow) powerfully. Now not the smaller orange swing and how that orange swing was projected as a corrective swing. The blue swing is also projected. When price fell below the red arrow buyers it is not too difficult to believe that some sort of retrace to that area is a place where one might consider a sell either at the orange projection or the blue projection. This is a personal decision.

Let me be clear that this is an obvious hind-sight example and will not always work. That's why we have stop losses.

I may take this further as there are some other good areas further ahead in time. Hope this is somewhat helpful for anyone confused.

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  • #82
  • Mar 27, 2020 4:07pm Mar 27, 2020 4:07pm
Quoting Winston Reed
I hesitate to go over historic charts and pick out stuff that "fits" my view of trading. Despite that I'm going to do a bit of that in an effort to better elucidate this "system". The PDF is in progress but given what I intend the PDF to be it will not be coming out quickly. For anyone learning to trade any method I recommend lower time frame (LTF) charts to learn one's chosen strategy. Let me be clear that when I do use LTF charts I use them as they are and not as an entry method using multi time frame (MTF) analysis. I think I've stated before...
Continuing from the previous post.
Here it can bee seen that price continued down and then corrected with another swing fairly equal to the previous blue swings. A 2 bar tail (red arrow) is highlighted in light red which then gets taken out by a bearish bar (green arrow) leading to new lows. The projected blue corrective swings correctly projected price to this area where selling could be considered.

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  • #83
  • Mar 27, 2020 4:24pm Mar 27, 2020 4:24pm
Quoting Winston Reed
{quote} Continuing from the previous post. Here it can bee seen that price continued down and then corrected with another swing fairly equal to the previous blue swings. A 2 bar tail (red arrow) is highlighted in light red which then gets taken out by a bearish bar (green arrow) leading to new lows. The projected blue corrective swings correctly projected price to this area where selling could be considered. {image}
Price continues to move down and the blue swings are moved down also to continue corrective price projections. Here the blue swing price corrective projection gets beat. There is bullish price action that one might have taken for a possible buy. Interestingly we can project upward price swings (pink swings). The last pink swing does not result in a relative higher high and price moves down taking out a significant bullish WRB gap. A retrace to this would have been a possible sell but doesn't quite get there.
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  • #84
  • Mar 27, 2020 4:32pm Mar 27, 2020 4:32pm
Quoting Winston Reed
{quote} Price continues to move down and the blue swings are moved down also to continue corrective price projections. Here the blue swing price corrective projection gets beat. There is bullish price action that one might have taken for a possible buy. Interestingly we can project upward price swings (pink swings). The last pink swing does not result in a relative higher high and price moves down taking out a significant bullish WRB gap. A retrace to this would have been a possible sell but doesn't quite get there. {image}
This is the last post in this series. As I previously said theses are hindsight and it is nearly impossible to analyze them objectively. So take them with that in mind.

The purple corrective swing is now the largest swing an it was projected. It gets beat to the upside. Price takes out significant bearish PA and runs into sellers. This is a classic "bump-gift". Price bumps off the sellers and runs back into where buyers took out the first set of sellers...gift and then continues upwards. From here it was pretty much all upside.

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So again these are 3 minute charts but one can see the value of following price with measured swings.
  • #85
  • Mar 27, 2020 6:09pm Mar 27, 2020 6:09pm
Hello Winston. I'm trying to get involved with your trading approach, this is UJ H1. I' ve measured 2 swings: the biggest one and the "correction"; now if price will confirm minor swing, i will consider to add another position short. This would coincide also with dem zone/resistance and elliott wave.

P.S I' ve still a lot of posts to read and my english is not perfect, so sorry if my interpetration is uncorrect. Cheers
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  • #86
  • Mar 27, 2020 7:52pm Mar 27, 2020 7:52pm
Quoting MrGreen95
Hello Winston. I'm trying to get involved with your trading approach, this is UJ H1. I' ve measured 2 swings: the biggest one and the "correction"; now if price will confirm minor swing, i will consider to add another position short. This would coincide also with dem zone/resistance and elliott wave. P.S I' ve still a lot of posts to read and my english is not perfect, so sorry if my interpetration is uncorrect. Cheers {image}
Thanks for your post MrGreen and I appreciate your chart.
Let me post my chart with analysis to answer your question.

The blue swing at the top of the chart is a projection of the blue corrective swing further down on the left. Clearly price has beaten the projection of the blue swing to the downside. Note the smaller pink corrective swings on the way down. Also the orange swing is the last impulse swing to the upside and I've used it as possible projection as you have. I've marked some selling areas and the orange projection does land in the top selling area which seems to be what you have done. So I can't fault you for your plan.



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  • #87
  • Mar 28, 2020 7:17am Mar 28, 2020 7:17am
Quoting Winston Reed
{quote} Thanks for your post MrGreen and I appreciate your chart. Let me post my chart with analysis to answer your question. The blue swing at the top of the chart is a projection of the blue corrective swing further down on the left. Clearly price has beaten the projection of the blue swing to the downside. Note the smaller pink corrective swings on the way down. Also the orange swing is the last impulse swing to the upside and I've used it as possible projection as you have. I've marked some selling areas and the orange projection does land in...

Thank you for your explanation Winston . I will certainly go deeper into your method trying to make the concepts behind it, mine; Because i think it's important to study all trader's views/approaches if we are talking about pure price action and naked charts, and taking the best from each of them. I will add this "tool" to my analysis

Cheers
  • #88
  • Mar 29, 2020 8:17pm Mar 29, 2020 8:17pm
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  • #89
  • Mar 30, 2020 8:45am Mar 30, 2020 8:45am
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  • #90
  • Mar 30, 2020 9:05am Mar 30, 2020 9:05am
Quoting Winston Reed
{image}
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  • #91
  • Mar 30, 2020 6:14pm Mar 30, 2020 6:14pm
Thank you Winston, keep posting. I'm studying with interest

Cheers
  • #92
  • Edited Mar 31, 2020 8:21am Mar 30, 2020 6:29pm | Edited Mar 31, 2020 8:21am
Always UJ. Closed all positions. Now demo: i'm long with TP under the first dem zone and sell limit at the end of red projection

Edit: closed all
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  • #93
  • Edited 1:11pm Apr 5, 2020 12:54pm | Edited 1:11pm
This introductory post to this thread was changed on 4/5/2020.

Instead of creating a PDF I will be using this introductory page as a place to more clearly explain this method of trading. Starting on page 5 post 93 of this thread will also begin the same explanations of this thread. The difference will be that on this first page the posts will be condensed. Starting on page 5 post 93 the explanations will be interspersed among other posts dealing with current markets and trades.

While this thread is posted in the "Trading Systems" category of FF it is systematic only in the way price is examined (systematically). It is not a thread that tells you to buy or sell when this or that happens. It will identify prime areas where trades should or might be considered. In addition this thread starter will post his trades live and on a live funded account. This is done not to show off but to demonstrate to others the thread-starters commitment to this method. The thread starter assures you that there will be wins and losses and the absolute number of losses is likely to exceed wins. It is only because of proper money management that one is able to be profitable over the long term in trading.

Two major themes will dominate this thread:

1. Price Swings (PS).

2. Price Action (PA).

PRICE SWINGS
This graphic representation serves to demonstrate the definition of swings. It would serve one well to study many charts and practice identifying swings using these definitions.
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This graphic representation serves to demonstrate that swings are made up of impulses and corrections. It would serve one well to study many charts and practice identifying impulse swings and corrective swings using these definitions.
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It cannot be over emphasized how important it is to accept the above concepts. Rejecting theses fundamental concepts and accepting other concepts to be presented later will undermine your success. If it is obvious to the thread starter that this is being done then you will be referred back to these concepts.
  • #94
  • Apr 5, 2020 1:59pm Apr 5, 2020 1:59pm
This chart highlights 2 swings. There are certainly many other swings in this chart but a good place to start is with the ones that stick out and these are usually the biggest swings as these are. One should not get bogged down with the minutia of every single tiny swing. Let's make some observations:

1. The swings satisfy the definitions previously posted.
2. The first swing at the top left was an impulse swing from the prior up-trend.
3. The first swing at the top left became a corrective swing in the new down-trend only when price made a new low.
4. The red diagonal line is drawn from the swing low to the swing high. It was cloned and "projected" to the swing at the lower right hand side of the chart and therefore it does not exactly match the swing at the lower right hand side of the chart.
5. One can notice that the two swings are very close to the same size. It is important to be able to accept some degree of variability in swing size.
6. As long as new lows keep being made in reference to the identified swings the trend will continue to be down.





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  • #95
  • Apr 9, 2020 3:39am Apr 9, 2020 3:39am
Hi Winston,

I've been reading your posts and attempting to learn more about how you draw your symmetry. I'm well aware of similar symmetry concepts, but I'm attempting to expand my understanding.

One way for me to learn is to start at the end of a chart and work backward in time to look for clues that might have predicted the last swing.

Here I've started with the swing from D to E. It is 136.3p. I used the blue rectangle for the size and dragged it back to anywhere I saw that previous swings matched about the same size swing and dropped a blue box several places. (Some narrowed, but all are 136.3p).

I couldn't help but notice that when the blue box is anchored at B, the top edge cuts through the mid-point of the red TL from the two highs, A to C.
Put it another way, if I average the length of the two swings, A-to-B and B-C, I get exactly 136.5p, just +0.2p vs. the D-to-E swing.

A curious coincidence? Perhaps nothing more, but I wonder if the average of two adjacent swings could be helpful to predict future symmetrical swings (??).

Have you ever considered this idea? Thoughts?
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  • #96
  • Apr 9, 2020 9:10am Apr 9, 2020 9:10am
Quoting pips4life
Hi Winston, I've been reading your posts and attempting to learn more about how you draw your symmetry. I'm well aware of similar symmetry concepts, but I'm attempting to expand my understanding. One way for me to learn is to start at the end of a chart and work backward in time to look for clues that might have predicted the last swing. Here I've started with the swing from D to E. It is 136.3p. I used the blue rectangle for the size and dragged it back to anywhere I saw that previous swings matched about the same size swing and dropped a blue...
Hello pips4life! Thanks for your question. I'm going to answer with my analysis.

It's not important to be too exact with swing size. So measuring them to the pip I think could eventually lead to frustration. Using corrective swings as projections is the core of this method. Impulse swings are not used as projections in terms of identifying potential trades but they may be used to project targets.

In reference to averaging swings in some way I haven't entertained that concept. In some cases it may be helpful to consider a doubling out of swings something of value but that concept starts to move into median line theory which I'm really trying to avoid in this thread.

In regards to your chart I think you picked a particularly difficult point to begin a swing analysis. So I zoomed out a bit until I could see more of what was going on. I do this instead of using multi timeframe analysis.

A-B is the first corrective swing. Once price took out A to the down-side then A-B is confirmed as a true corrective swing. Once this happens I can begin to consider using A-B as a projection as is shown here. C-D is nearly the same size as A-B. D falls into an area where there clearly were sellers in the past. At the moment price has not taken out C so C-D is not yet a confirmed corrective swing.
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  • #97
  • Apr 28, 2020 6:54am Apr 28, 2020 6:54am
Waiting to sell AU

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  • #98
  • May 12, 2020 10:46am May 12, 2020 10:46am
AUDUSD H1
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  • #99
  • Edited 7:17am May 16, 2020 6:40am | Edited 7:17am
GBPUSD H1
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  • #100
  • Last Post: May 17, 2020 5:35am May 17, 2020 5:35am
Hello. May I know how to use this strategy? Thanks.
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