Al, your presence will be sorely missed, great is my appreciation for your teachings.
Go well and be well.
Go well and be well.
Vandag is die dag.....
- #11,365
- Jun 4, 2012 11:26am Jun 4, 2012 11:26am
- | Membership Revoked | Joined May 2011 | 2,976 Posts
Gentlemen always play by the rules. If they can't, they change the rules.
Hello friends,
Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
May God protect and guide you.
May you touch many more peoples lives in a positive way, as you have touched ours.
Sad to see you go..... but hopefully you will be in touch.
This newbie is very greatful for everything I learned from you.
Till we meet again, my friend.
Friends,
As far as I can remember, many moons ago, in this thread, it was mentioned that an EA for this system of Al, might be a possibility.
Does anyone know if some progress was made with this by one of our programmer friends?
Thank you
As far as I can remember, many moons ago, in this thread, it was mentioned that an EA for this system of Al, might be a possibility.
Does anyone know if some progress was made with this by one of our programmer friends?
Thank you
Sad sad news!!! I just was coming back to trading after heavy losses and mistakes (but also from getting experience) and now I feel left alone like an abandoned dog in the streets 
I hope you fix your personal issues Al (todo pasa amigo) and come back.
I wish I could run this thread but I can't. I would love someone to keep this alive.... damn!!
Suerte Al
I hope you fix your personal issues Al (todo pasa amigo) and come back.
I wish I could run this thread but I can't. I would love someone to keep this alive.... damn!!
Suerte Al
- #11,378
- Jun 4, 2012 10:58pm Jun 4, 2012 10:58pm
Our mentor Al may be gone, but I think we should keep the thread alive and keep posting new findings for everyone's benefit so others can try it too.
I want to bring to your attention a setup I have seen occur many times and that has kept me out of entering a trade too soon. I have on different occasions followed all the rules and entered when the price was testing a S/R Level, and HA was turning the right color.
For example, in the picture I posted below, one could have entered at the yellow arrow down (under R1), but price went higher up to R2. Now you could also enter at the purple arrow (under R2), especially since there is a Trix bearish divergence.
The setup I have been trying a few times and that worked great is the following.
1. There is a big drop in price.
2. The market is in consolidation/ranging in the green box.
3. There is a breakout and a big move up.
4. The market is in consolidation/ranging in the light brown box. Now the line that was the top of the green box (resistance) is acting as a support at the bottom of the brown box.
5. The market goes down and there is some up and down movement.
This is where I realized this setup has occurred many times.
6. The price starts going up more and more. It ends up going over the top H1 band and tests the support line of the brown box (now resistance) and then drops big time until the Fib Pivot point.
I place a pending sell order (green arrow) at that level (green line), a SL right above the previous Highest High (red line) and a TP above the Fib Pivot Point (blue line).
Many times a double top forms and the price goes back to your initial sell level (green line) and drops again to the Fib Pivot point or event lower (to the Support Pivot)
So you can ride down the price two times !
Sometimes, only the light brown box forms and gives us a resistance to where the price can go back up an test is. Of course the reverse setup applies for a BUY.
Maybe it was just a few coincidences, but if others try it and it works, well the better for everyone. It doesn't happen all the time but I have seen it and traded it a few times with success. Let me know what you think of this setup.
I want to bring to your attention a setup I have seen occur many times and that has kept me out of entering a trade too soon. I have on different occasions followed all the rules and entered when the price was testing a S/R Level, and HA was turning the right color.
For example, in the picture I posted below, one could have entered at the yellow arrow down (under R1), but price went higher up to R2. Now you could also enter at the purple arrow (under R2), especially since there is a Trix bearish divergence.
The setup I have been trying a few times and that worked great is the following.
1. There is a big drop in price.
2. The market is in consolidation/ranging in the green box.
3. There is a breakout and a big move up.
4. The market is in consolidation/ranging in the light brown box. Now the line that was the top of the green box (resistance) is acting as a support at the bottom of the brown box.
5. The market goes down and there is some up and down movement.
This is where I realized this setup has occurred many times.
6. The price starts going up more and more. It ends up going over the top H1 band and tests the support line of the brown box (now resistance) and then drops big time until the Fib Pivot point.
I place a pending sell order (green arrow) at that level (green line), a SL right above the previous Highest High (red line) and a TP above the Fib Pivot Point (blue line).
Many times a double top forms and the price goes back to your initial sell level (green line) and drops again to the Fib Pivot point or event lower (to the Support Pivot)
So you can ride down the price two times !
Sometimes, only the light brown box forms and gives us a resistance to where the price can go back up an test is. Of course the reverse setup applies for a BUY.
Maybe it was just a few coincidences, but if others try it and it works, well the better for everyone. It doesn't happen all the time but I have seen it and traded it a few times with success
. Let me know what you think of this setup.
