His edge proves that hee is right 
Something all the time burns me inside like an volkano!
Something all the time burns me inside like an volkano!
- #1,061
- Feb 4, 2017 8:15am Feb 4, 2017 8:15am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
- #1,063
- Feb 4, 2017 11:52am Feb 4, 2017 11:52am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
{quote} I understand everything. I just don't understand - why wait for pullback? When you see good price action + power support/resistant zones from high TFs = you can enter at HAs cross, with very tight stoploss and excellent R/R ratio. Waiting for a pullback does not add a safety to your deal!
- #1,067
- Feb 4, 2017 12:55pm Feb 4, 2017 12:55pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
- #1,071
- Feb 5, 2017 5:32am Feb 5, 2017 5:32am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
- #1,072
- Feb 5, 2017 5:42am Feb 5, 2017 5:42am
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,682 Posts
- #1,075
- Feb 5, 2017 7:26am Feb 5, 2017 7:26am
- Joined Jul 2015 | Status: Trader | 2,299 Posts
Is this you, want to trade but have a fulltime (proper job) and can only look at your charts once per hour, try this. look at a Monthly set of data so my way of thinking that's a Murrey 512 (some xcaliuber trades there) yes bigger stops, now if you wish drill down on weekly with a 128 or indeed half week with a 64, left Mizi HA off just so you can see clean charts but of course that the entry method, {image} {image} {image}
Watched the Video given by Tarantula[ Excellent Find Mizi], read XCalibur's Post and some of your posts in Clive Packham Thread. I owe you a lot for introducing such a potent method/way of thinking. From what i understood, MML is an excellent way of defining limits on price movement via the grid lines. This gives a context of market and can be used for any trading system, MML throwing light in the room before we shoot the arrow.
I am hoping you could shed some light on some of my doubts:
1. Resetting of Octaves: XCalibur had to say this about the Resetting of Ocatves
"The resetting of the Octaves is simply a fulfillment of price action of a higher time period or higher fractal period that must be completed."
As an example he talked of what appeared to a potential short on +2/8 on one time frame, but price keeps going up and resets the octaves. The reason was the missing big picture on a higher time frame wherein price was supposed to move up and this behavior of Higher Time Frame seeped into the lower time frame thus the price going up instead of down.
Is there a Master Time Frame that one must look at before drilling down, because in the above example, if we switched to a much higher time frame, the big picture would change. I mean TF's can keep rolling into higher TF's: 4HR to Daily to Weekly to Monthly to Yearly etc....
Say, for positional or swing trading, how does the selection of TF's work?
2. You advise people to have a road map vis a vis any method like MML,Fractals, Fibonacci, Weekly and Daily Ranges etc....
In one post, you talk about using Weekly and Daily Range to assess the room that is available before taking a trade.
So in addition to applying MML, Weekly and Daily Ranges are a part of core MML trading methodology? Just want to confirm...
3. I saw your charts multiple times, my opinion is one must have a good grasp of the Octaves -2/8,-1//8..........1/8,2/8.....+2/8 and most importantly their significance.
While searching i see material that talks about angles, geometry etc.... To get started in basic application of MML, is learning them at the beginning point of time necessary?
Sample Snap Shot:
4. I request you to kindly point out to a resource that is a primer to learning the Octaves Significance. Your selection of posts that need to be read was excellent and my time would be productive if i focused it a resource that you found worthy instead of trying to tackle some much that is there.
Example: How does one interpret when price is in 6/8 and 7/8...what he can do or what he cannot do etc.....
5. On a personal note, i want to ask: In my opinion,The odds are high that a person at a beginning introductory phase of MML would deem MML to close to Esoteric. You use MML extensively and one cannot do that unless the trader has the confidence in his method. What was your main focus before MML?
Once again, thanks for introducing a wonderful concept...
- #1,077
- Feb 5, 2017 7:45am Feb 5, 2017 7:45am
- Joined Jan 2015 | Status: Trader | 5,146 Posts
{quote} Hello OAPDave, Watched the Video given by Tarantula[ Excellent Find Mizi], read XCalibur's Post and some of your posts in Clive Packham Thread. I owe you a lot for introducing such a potent method/way of thinking. From what i understood, MML is an excellent way of defining limits on price movement via the grid lines. This gives a context of market and can be used for any trading system, MML throwing light in the room before we shoot the arrow.
- #1,078
- Feb 5, 2017 8:14am Feb 5, 2017 8:14am
- Joined Jul 2015 | Status: Trader | 2,299 Posts
By the way i have never worked for someone for my entire life until now i have pass thru different onnline enquires (busnineses) all my life and i don't want to quite until i reach my Goal!
- #1,080
- Feb 5, 2017 10:39am Feb 5, 2017 10:39am
{quote} Hello OAPDave, Watched the Video given by Tarantula[ Excellent Find Mizi], read XCalibur's Post and some of your posts in Clive Packham Thread. I owe you a lot for introducing such a potent method/way of thinking. From what i understood, MML is an excellent way of defining limits on price movement via the grid lines. This gives a context of market and can be used for any trading system, MML throwing light in the room before we shoot the arrow.
Okay now let's just forget about octaves entirely and understand in terms of market structure how we can make better sense of this. First, the fulfillment of a price level on a higher time fame that MUST be completed (Must is the key word here). Whenever, irregardless of the time frame, even the price, when you see a level being revisited and it seems that is 'must be completed' that's because it's a price that MUST be had. As a professional you would be told to do whatever it takes to get that price, and it's termed 'Unfinished Business" in the industry. It's much easier to understand in terms of what is actually happening than in terms of octaves. Here's what's happening: Price (moved by volume)--moves into an area where big boys are distributing/accumulating positions. The important thing to know is that they HAVE to keep getting that price which is why-it's always revisited, and then finished when they have finally done the amount of volume that was originally intended to be done at that level, and the AUCTION has now been finished. What you are referring to is NOTHING more than an unfinished auction, and it will INEVITABLY be finished as someones job depends on it. That might be a mouthfull, but it's the absolute truth. I can elaborate if you'd like, but I'm honestly just trying to help you because I can assure you that learning how the market works will work out much better for you than trying to figure it out through octaves which are fascinating, but won't help you understand what's actually happening and in sum...make money. Cheers.