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  • #281
  • Jun 22, 2014 2:35am Jun 22, 2014 2:35am
Quoting jmn5611
{quote} Are you talking about W's and M's ? I have found that handy on the higher time frames.
In all timeframes, or in all fractals, waves are born and die.
For me, the hardest part is correctly locate myself within that scale fractals.

PD:Wow, I had not realized I had so many people reading this thread.
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Adaptarse es la clave
  • #282
  • Jun 22, 2014 2:41am Jun 22, 2014 2:41am
It's not fun watching all this rubbish. Like getting the right settings or indicators or combining the right moving averages with the right whatever will (I really don't kjnow what this is meant to do). All these variables.

The same constant as to why these things will fail you over and over remains.
like totally failure brah
  • #283
  • Jun 22, 2014 2:46am Jun 22, 2014 2:46am
Quoting elcurioso
I work with waves (grosso modo, no discussion Elliot) the patterns, supports, resistances and trend lines. Here below is how I would study this chart. I hope your explanation Milam. {image}
The best trend reversal entries have a break of a significant trendline before the setup, because you do not want to enter countertrend unless the countertrend traders have already shown some ability to control the market. Then Enter on a pullback that tests (undershot, overshot) the trend extreme with you best reversal patter.

Of course this a overall guide, you need to refine it that will fit many specific personal factors, but overall this is it for me...
Wherever you go, there you are.
  • #284
  • Jun 22, 2014 2:48am Jun 22, 2014 2:48am
Summarizing,

The only method that I feel comfortable is multitimeframe analysis, trying to establish the condition of intraday market using the tools it considers suitable. This would be the only method hitherto valid for me.
From there any system is valid if it agrees with the market condition.
Adaptarse es la clave
  • #285
  • Jun 22, 2014 2:51am Jun 22, 2014 2:51am
Quoting milam
{quote} The best trend reversal entries have a break of a significant trendline before the setup, because you do not want to enter countertrend unless the countertrend traders have already shown some ability to control the market. Then Enter on a pullback that tests (undershot, overshot) the trend extreme with you best reversal patter. Of course this a overall guide, you need to refine it that will fit many specific personal factors, but overall this is it for me...
Thanks Milan. I am agree. It is very useful, although it is in general terms, your explanation.
Adaptarse es la clave
  • #286
  • Jun 22, 2014 2:56am Jun 22, 2014 2:56am
Quoting elcurioso
{quote} Thanks Milan. I am agree. It is very useful, although it is in general terms, your explanation.

yes.....now you need to bring elcurioso in........then you have it
Wherever you go, there you are.
  • #287
  • Edited 3:09am Jun 22, 2014 2:58am | Edited 3:09am
Quoting milam
{quote} The best trend reversal entries have a break of a significant trendline before the setup, because you do not want to enter countertrend unless the countertrend traders have already shown some ability to control the market. Then Enter on a pullback that tests (undershot, overshot) the trend extreme with you best reversal patter. Of course this a overall guide, you need to refine it that will fit many specific personal factors, but overall this is it for me...
Can this be an example?
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Adaptarse es la clave
  • #288
  • Jun 22, 2014 3:05am Jun 22, 2014 3:05am
Quoting elcurioso
{quote} Can this be an example? {image}
yes...but your TL is drawn wrongly..needs to be drawn from the highest swing to the lowest swing prior to the lower low, prices breaks that TL and pulls back to test the recent low....

EDIT: which pair is it and what Timeframe?
Wherever you go, there you are.
  • #289
  • Jun 22, 2014 3:12am Jun 22, 2014 3:12am
*”An uptrend line is drawn under prices, joining the lowest low to the highest pullback low which does not pass the line through prices in between. The line is then extended past the date of the highest high”.

The condition that the line must not pass through prices between the points it joins means that it's not necessarily the most recent low which is joined, but might be only a prior one. When the line is extended to the right, it might then pass through prices, that's a possible indication of a trend change. A downtrend line is defined similarly,

*”A downtrend line is drawn above prices, joining the highest high to the lowest rally high which does not pass the line through prices in between. The line is then extended past the date of the lowest low”
Wherever you go, there you are.
  • #290
  • Jun 22, 2014 3:13am Jun 22, 2014 3:13am
Quoting milam
*”An uptrend line is drawn under prices, joining the lowest low to the highest pullback low which does not pass the line through prices in between. The line is then extended past the date of the highest high”. The condition that the line must not pass through prices between the points it joins means that it's not necessarily the most recent low which is joined, but might be only a prior one. When the line is extended to the right, it might then pass through prices, that's a possible indication of a trend change. A downtrend line is defined similarly,...
Victor Spearandeo way
need to go...chat later..
Wherever you go, there you are.
  • #291
  • Edited 4:42am Jun 22, 2014 3:14am | Edited 4:42am
Quoting milam
{quote} yes...but your TL is drawn wrongly..needs to be drawn from the highest swing to the lowest swing prior to the lower low, prices breaks that TL and pulls back to test the recent low.... EDIT: which pair is it and what Timeframe?
I fully agree. You know explain it. I had the same idea, but bad English. I have edited my previous post.

I have more examples in my thread, but in spanish. So I put a lot of graphics that is universal language.

Other example...
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Adaptarse es la clave
  • #292
  • Jun 22, 2014 3:17am Jun 22, 2014 3:17am
Quoting simonb
It's not fun watching all this rubbish. Like getting the right settings or indicators or combining the right moving averages with the right whatever will (I really don't kjnow what this is meant to do). All these variables. The same constant as to why these things will fail you over and over remains.
so true, people think if they add layers of technical tools together it some how means you can add all the low expectancy together and make it high expectancy.

The idea of confluence with TA is just an illusions again and a result of humans desire to see patterns and give them meaning.

Also, confirmation... another piece of TA rubbish, all it means is 'late' -

If you don't know or believe in the limitations of purely technical approaches then you're at a serious disadvantage. But even suggesting it sends people into a rage of name calling and abuse -

If you have to use these tools, to make them affective, you have to either include some fundamental reason or have a trend on the higher TF that agrees with your analysis. Trend's are the only element that has been proven.
tradewith60
  • #293
  • Edited 6:08am Jun 22, 2014 3:50am | Edited 6:08am
Quoting 60minuteman
{quote} so true, people think if they add layers of technical tools together it some how means you can add all the low expectancy together and make it high expectancy. The idea of confluence with TA is just an illusions again and a result of humans desire to see patterns and give them meaning. Also, confirmation... another piece of TA rubbish, all it means is 'late' - If you don't know or believe in the limitations of purely technical approaches then you're at a serious disadvantage. But even suggesting it sends people into a rage of name calling...
I am not in favor of filling the chart indicators. But I recognize that, if you know to read them, it has their uses.
I will develop a simile with the car. Need a car indicators, to run? No. But they are so useful that all cars have indicators. Maybe it's an exaggerated simile.
However, you may believe that the car goes at a velocity of 60x, but look at the the indicator and say you're going to 80x.
In technical analysis, the indicator may provide another point of view, not subjective. And there is useful, among others.
I have a weakness for the MACD. Could anything be simpler or classic? Well it helps me a lot to compare its price swings. It is a personal matter.
Let me give some examples:
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Adaptarse es la clave
  • #294
  • Jun 22, 2014 5:11am Jun 22, 2014 5:11am
Quoting 60minuteman
{quote} so true, people think if they add layers of technical tools together it some how means you can add all the low expectancy together and make it high expectancy. The idea of confluence with TA is just an illusions again and a result of humans desire to see patterns and give them meaning. Also, confirmation... another piece of TA rubbish, all it means is 'late' - If you don't know or believe in the limitations of purely technical approaches then you're at a serious disadvantage. But even suggesting it sends people into a rage of name calling...
I liken it to building a house on shifting foundations.
like totally failure brah
  • #295
  • Jun 22, 2014 10:13am Jun 22, 2014 10:13am
Quoting 60minuteman
so true, people think if they add layers of technical tools together it some how means you can add all the low expectancy together and make it high expectancy.
Quoting simonb
{quote} I liken it to building a house on shifting foundations.
Just like the rest of us, liken you pair of dicks to the homeless bum standing on a corner, waving a bible and screaming, "The End is Near".

Kick stones...you obviously have zero to add to the conversation...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #296
  • Jun 22, 2014 3:11pm Jun 22, 2014 3:11pm
Quoting Magix
{quote} {quote} Just like the rest of us, liken you pair of dicks to the homeless bum standing on a corner, waving a bible and screaming, "The End is Near". Kick stones...you obviously have zero to add to the conversation... {image}
Talking to you at this point would seem like the equivilant of hitting a little girl, so let's just leave it at that shall we.
like totally failure brah
  • #297
  • Jun 22, 2014 3:17pm Jun 22, 2014 3:17pm
Quoting Magix
{quote} {quote} Just like the rest of us, liken you pair of dicks to the homeless bum standing on a corner, waving a bible and screaming, "The End is Near". Kick stones...you obviously have zero to add to the conversation... {image}
you're so retail
tradewith60
  • #298
  • Jun 22, 2014 3:18pm Jun 22, 2014 3:18pm
Why do so many here put themselves at a disadvantage?

If I'm big enough to micro shift the market(CB's manage the handles), could someone please tell me how on earth you would know from a price chart where I'm working from?

Just as a side point, answering the question above correctly will send you on your way to also solve these thread dilemmas...
Stops
Gambling/not gambling
Risk
Emotions/psych issues

rgds
  • #299
  • Jun 22, 2014 3:43pm Jun 22, 2014 3:43pm
Healthy dialogue regardless of opinion provides everyone different views to evaluate on their own terms. Dialogue deteriorating into name-calling, profanity and ridiculing serves no good but does illuminate the character of the one professing. All of us believe what we will at a given point in time but it is doubtful any of us truly understand the nature of the markets. Unless we are "masters of the markets" our pontificating is nothing but opinion. I enjoy listening to opinion but can do without the garbage.
  • #300
  • Jun 22, 2014 4:49pm Jun 22, 2014 4:49pm
lol
Wherever you go, there you are.
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