{quote} Hi Vicgood quote my friend
regards Phil.
you doing ok?
V
Technical Analysis Fallacy
- #53,102
- Sep 29, 2015 3:23am Sep 29, 2015 3:23am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-
- #53,109
- Oct 3, 2015 6:33am Oct 3, 2015 6:33am
- Joined Jul 2011 | Status: an ant working the structure | 3,248 Posts
-be careful about what you allow to be put in your mind-
- #53,110
- Oct 3, 2015 6:48am Oct 3, 2015 6:48am
{quote} hi carlostedo, thanks for the reply. in a downtrend, checker is entered after the scout and its playing below. so if checker is not doing good, it means price is between the checker and the scout or above the scout too. if i am confident of the trend direction it means all we saw was impulse wave and it is going to be over soon. i start deploying my rescue sequence as decided by my MM. hope i am right. correct me if i am wrong.
here's what i remember from fti's reply to zoran...
" You have both not seen my true attack sequence yet, so as a matter of fact , both your planning is very different from my attack sequence.
Let me give you a hypotical scenerio.
lets say (for example only), (in reality I have much more muscle than this) that the fibo expansion is my MM play, ie 1,1,2,3,5,8
Now thats 20 sections.
I send in a scout (wave AB), he plays well and I decide to check him, I send in 1 checker, which is my level 2 (wave CD)
and level 2 plays well,that would mean that wave CD is short and plays above wave AB. If wave EF retraces then i would be forced to invoke rescue 5 and I go into rescue mode.
If EF did not do that then the instance of the attack would be in wave EF, and if the dance dictates that I am in alignment with the daily trend and both the short charts, It would require that I would attack full force 5, 11 before the break away r/s point( normally somewhere in the mid of AF's range, and would be drawing the attack total of 16 in batches as we test into the r/s depending on the volatility whereby the market is taking that r/s out.
Then upon the test, profitaking of the attack sequence would be invoked into the stops-break on the reverse 8,5,3.
In effects I would be profit taking for ammo(foreign capital) to sustain the residue of the 4 that are still in battle. The four would be further lighten if the trend continues to persist. This would continue until what is left is 1. then a new sequence of 1,1,2,3,5,8 would be put on stand by to ride the next retrace wave, and when the retace wave flats out , the whole rescue and attack sequence would be replayed, depending on the magnitude of the retracement. If the retrace was a fat and bouncy one then the rescue MO was most appropriate. If a new attack opportunity sequence was surfaces, then a new attack sequence would be invoked with whatever was left from rescue.
In reality, you would be seeing that the risk of full force used at the most advantages probabilities and timing.
Of course it can happen that the market may move adverse after the strong attack, and thats when, the damagecontol is invoked to rescue as many of the positions still in good standing as possible and re-strategised( regrouped) for exposure rescue.
This attack sequence is not invoked when the market volatility is tight, Only when the legs are strong,(strong = range play 50 pips average) and volatility run of max 7 bars average 3.
I hope this helps.
PS:It is difficult to describe for you what the dance tempo is like before this opportunities avail themselves, after a few of these dances you will have a better feel for it. One of the tell tale signs is when a market behaves non letargic and seems warmed up in its sequence of movements. For lack of a better word, active.
When markets are detected to be not in this mode, then the normal rescue and limited attack strategy is most prudent.
Sometimes, I may miss the initial legs of these runs, due to my negligence.
Under these circumstances, ad hock strategies are used to compensate the retiming.
In essence, please do not think that you are wrong in your approaches, just different. And probabilily due to capitalisation , not optimised."
- #53,111
- Oct 5, 2015 8:52am Oct 5, 2015 8:52am
- | Joined Dec 2013 | Status: Trader | 1,062 Posts
THE ALL is MIND; The Universe is Mental
- #53,112
- Oct 5, 2015 9:01am Oct 5, 2015 9:01am
- | Joined Dec 2013 | Status: Trader | 1,062 Posts
THE ALL is MIND; The Universe is Mental
- #53,116
- Oct 6, 2015 11:45pm Oct 6, 2015 11:45pm
I have been trading for several years. When I started trading, I am constantly reading books and articles about various trading strategies, and of course, like any trader I was always concerned by the question of how to increase the chances of the correct deal. Analyzing the market need to use a variety of factors and methods of technical and fundamental analysis. I've never seen a perfect strategy. Always have what I call the effect of the market, he behaves quite unpredictable.
and
