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  • #941
  • Jan 8, 2013 3:35am Jan 8, 2013 3:35am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
NuNix - the previous fractal is the first fractal outside of the mouth. Based on BW system, you would set a buy stop above that fractal and a stop loss at the low of the fractals candle (pretty wide candle). but you can see that you would still be in the trade had you taken the first fractal.

nonethless - your buy stop based on the fractal is still correct
  • #942
  • Jan 8, 2013 3:44am Jan 8, 2013 3:44am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Gregben - just replied with questions!
  • #943
  • Jan 8, 2013 3:44am Jan 8, 2013 3:44am
Quoting 9er
NuNix - the previous fractal is the first fractal outside of the mouth. Based on BW system, you would set a buy stop above that fractal and a stop loss at the low of the fractals candle (pretty wide candle). but you can see that you would still be in the trade had you taken the first fractal.

nonethless - your buy stop based on the fractal is still correct
Thank you 9er. Would you kindly to post again the entry rule based on fractal, thanks.
Dangdut is a music of my country
  • #944
  • Jan 8, 2013 3:58am Jan 8, 2013 3:58am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The hard and fast rule that I use for fractal entries: My favorite is the first fractal outside the alligators mouth. Once that fractal has formed, (for a buy stop), set buy stop at the high of the fractals candle plus 3 pips and a stop loss at the low of the fractals candle minus 3 pips (well 3 pips for me anyway, the rule is Buy stop + the spread + 1 pip)

Does that help?

Quoting NuNix
Thank you 9er. Would you kindly to post again the entry rule based on fractal, thanks.
  • #945
  • Jan 8, 2013 4:00am Jan 8, 2013 4:00am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Just triggered in here. Anyone else see the nice symmetrical pyramid (ABC?) on the 15M
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  • #946
  • Jan 8, 2013 4:02am Jan 8, 2013 4:02am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Maybe to 127.0?
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  • #947
  • Jan 8, 2013 4:17am Jan 8, 2013 4:17am
Quoting 9er
The hard and fast rule that I use for fractal entries: My favorite is the first fractal outside the alligators mouth. Once that fractal has formed, (for a buy stop), set buy stop at the high of the fractals candle plus 3 pips and a stop loss at the low of the fractals candle minus 3 pips (well 3 pips for me anyway, the rule is Buy stop + the spread + 1 pip)

Does that help?
Yes, thank you.
Dangdut is a music of my country
  • #948
  • Jan 8, 2013 4:19am Jan 8, 2013 4:19am
Quoting 9er
Maybe to 127.0?
Yes projection for 78.6 is 127.0
Dangdut is a music of my country
  • #949
  • Jan 8, 2013 5:14am Jan 8, 2013 5:14am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Kind of hard to trade a sideways market. Market has stayed inside a 37 pip range today - a real SNORE fest. I thought yesterday was bad
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  • #950
  • Jan 8, 2013 6:48am Jan 8, 2013 6:48am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Well, well, well what do we have here? A complete ABCD at the 127? Made up for my losses and up 7 pips. Believe it will continue as this may be the breakout we have been looking for all day! I stepped away from PC because I just got REALLY bored. Set my TP at 127 and low and behold Gartley strikes again! KISS
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  • #951
  • Jan 8, 2013 8:24am Jan 8, 2013 8:24am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I set this trade at the low of the daily pivot (minus 3 pips) from the 1H. I've been away from the computer, was very nice to return to see my TP was hit again. Now up +18 for the day

2nd chart is what I see as B to C retrace, double bottom from the 50 fibo seems to confirm
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  • #952
  • Jan 8, 2013 9:20am Jan 8, 2013 9:20am
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Doji's don't lie do they? Very important to download the word documents I posted up over the past 2 days. Read and familiarize yourself with candle formations. Read and familiarize yourself with Gartley

In today's world of systems and ratios, and fib levels, Pattern formations often get over looked. Systems get too damn complex and narrow your vision, Look at the charts and SEE what has been right in front of you since the first day you opened a trade station!. They are simple, they are there - JUST look.

Look at this doji formation and tell me I'm wrong
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  • #953
  • Jan 8, 2013 8:44pm Jan 8, 2013 8:44pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The Daily: I still don't like the 5.0 butterfly here. Although it meets the parameters of the 5.0, it is small. X to A is comprised of 3 candles, A to B, also 3 candles. Like it or don't it is after all a 5.0.

With a 5.0, leg 3 to 4, usually comprises leg X to A of the next move. So if we have A to B established it should stand to reason that leg C to D should be drawn around the 127.0 area

If this holds true, I would expect resistance at the 1.30 level.

RSI is flat between the 40 and 50 a touch of the 40 (or a subsequent pierce) opens up bearish outlook

Today's Bias: Bearish
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  • #954
  • Jan 8, 2013 8:53pm Jan 8, 2013 8:53pm
sometimes 5:0 pattern is early sign that market will try re testing r/s ( A poin in your chart ). once failed to break A, she will go againts and break B point to D ( to form bearish BAT / Butterfly/ Crab ). but that's not a must.

Harmonian...called this BAMM schema. Bat Action Magnet Move and shark - 5:0 pattern - BAMM

imho
Quoting 9er
The Daily: I still don't like the 5.0 butterfly here. Although it meets the parameters of the 5.0, it is small. X to A is comprised of 3 candles, A to B, also 3 candles. Like it or don't it is after all a 5.0.

With a 5.0, leg 3 to 4, usually comprises leg X to A of the next move. So if we have A to B established it should stand to reason that leg C to D should be drawn around the 127.0 area

If this holds true, I would expect resistance at the 1.30 level.

RSI is flat between the 40 and 50 a touch of the 40 (or a subsequent pierce) opens...
not euphoria follower
  • #955
  • Jan 8, 2013 9:04pm Jan 8, 2013 9:04pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
High insight is 20/20. I really wish I had paid more attention to the doji on the 4H yesterday. That coupled with the fact that the doji also completed a mini ABCD (or sub-wave), should have sent alarms, bells and whistles off in my head.

That is the bad thing about this forum it makes you doubt yourself.

All of these turn key systems, hell even I browsed around yesterday "looking" for easy. I know better, easy doesn't exist! I know what works, and I know better. Lesson learned.

I digress - If my count is correct what we have on the 4h is the completion of X to A and B to C, with a beautiful little sub-wave in between (at leg 4 to 5 of the 5.0 butterfly).

Price retraced to the 61.8, currently sitting on 50. IF my count is correct on the 4H then we should see a Bull move to the 127 FIB (31584) area The AO confirms, RSI is no help.

Bias: Bullish, unless the 1.3056 area is broken
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  • #956
  • Jan 8, 2013 9:23pm Jan 8, 2013 9:23pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
The 1H, normally my favorite TF, is too flat to analyze I personally believe that the Bears are not finished but can't speculate beyond that.

Bias: Bearish on a whim
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  • #957
  • Jan 8, 2013 9:26pm Jan 8, 2013 9:26pm
helo 9er, seems you have back from your holiday. i also go on holiday too. hope you can share again, still have a lot to learn
  • #958
  • Jan 8, 2013 9:26pm Jan 8, 2013 9:26pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
I couldn't agree with you more! Love it. In Lehman's terms, I call this, "It will go up or it will go down". Now we wait for price to tell US what it wants to do!

You have that coffee yet?

Quoting iqyu5an
sometimes 5:0 pattern is early sign that market will try re testing r/s ( A poin in your chart ). once failed to break A, she will go againts and break B point to D ( to form bearish BAT / Butterfly/ Crab ). but that's not a must.

Harmonian...called this BAMM schema. Bat Action Magnet Move and shark - 5:0 pattern - BAMM

imho
  • #959
  • Jan 8, 2013 9:28pm Jan 8, 2013 9:28pm
  •  9er
  • | Joined Oct 2012 | Status: Please tell me it's impossible | 732 Posts
Yes sir I am back. Participation is lacking just a little but that is cool. This style of trading isn't for everybody

Quoting vahn
helo 9er, seems you have back from your holiday. i also go on holiday too. hope you can share again, still have a lot to learn
  • #960
  • Jan 8, 2013 9:33pm Jan 8, 2013 9:33pm
i got one already... need another cup of coffee dude hahhaaha

this what i see .reff to your last post. just imho


Quoting 9er
I couldn't agree with you more! Love it. In Lehman's terms, I call this, "It will go up or it will go down". Now we wait for price to tell US what it wants to do!

You have that coffee yet?
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not euphoria follower
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