Trading Made Simple - Page 10
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Thread: Trading Made Simple

  1. #91
    To determine that a 5th wave end, the most frequent technique is to choose the fibs of waves 0-3 and stretch them off of wave 4 end. Look for the 61.8% expansion.

    It's also possible to zoom in on the wave arrangements in the 5th wave and utilizing fibs or arrangement again, pinpoint the end of this 'v'th of the 5th.

    When wave 3 has been extended, start looking for wave 5 to equal wave 1.

    Today, it's obvious to me that folks doubt that change points could be plotted or charted to almost the pip. People do not want to listen, although I've tried to show otherwise.

    Before I proceed, let me show you a chart of a good example;



    Therefore, even if we forget how a sell could have been shot clean in the line with a small stop, due to wave construction backing up the probability of this 61.8% fib being right.

    Let us turn our focus to the ensuing 123. Backed up today with this reaction off of this fib's evidence, I enter short on the pullback, short at 10,629. SL of 6 pips.
    When a crossover or trigger of this 123 gives entry at 10,617. SL is 18 pips, or 3 x per the pullback amount.

    For the sake of easy mathematics, lets say the risk was #18 on both trades. That's #3/pip on pullback vs #1/pip on trigger/crossover technique.
    Let us say we exit the trade at 10,600 (we might presume a reaction off of this round number).

    #3 x 29 pips = #87 for pullback method (or almost 5 x risk) vs #18 for trigger/crossover (1 x risk).

    Okay, even if the figures are not accurate... or even if crossover entry was a bit earlier - well... you get the picture. The earlier you get in to a trade with risk, the more exponential the expansion.

    When the debate is that on bigger timescales, the factors gap between entries becomes less important, compared to the position size still does.

    I'm combining EW here with this method, but I think I've shown recently, that with the only the pullback method, you are able to pinpoint the likely turning point to inside a small handful of pips. That's great to not have to worry about losing trades. One winning trade = 4 losers...

  2. #92
    Quote Originally Posted by ;
    You believe indiors are useless? You believe pure PA only works? image
    That's half an opinion -could you finish your statement with the illuion ?

    I'm interested in what you believe is better than pure price action ?

  3. #93
    Is Emmuel doing his FX blue opinion of his trades. Prior to Christmas he sent out a pm to members to ask for FX blue Id to add to his white list. He took my id but didn't respond to his FX url that was blue to determine his trades. Has anyone got the link? I have asked him but I believe he's busy as not replied.

  4. #94
    Quote Originally Posted by ;
    Is Emmuel still doing his FX blue opinion of his trades. He sent out a pm to associates to ask for FX Id that was blue to grow his list. He took my identifiion but did not respond to his FX url to see his trades. Has anybody got the link? I've asked him but I believe he is busy as not replied.
    I was interested, also and opened an account in FX Blue, delivered him my ID but didn?t get it managed to view his account/trades. Or?m Simply to stupid to Comprehend the system of FX Blue where I can view his account or trades

  5. #95
    Quote Originally Posted by ;
    quote I was curious, also and opened an account at FX Blue, delivered him my ID but didn?t get it was able to watch his account/trades. Or I?m simply to stupid to comprehend the system of FX Blue where I could see his account or transactions
    Not used it earlier but I think a member is given a url something like fxblue.com/users/username to display their webpage and they can control who has access to it by their own fx blue id.

  6. #96
    Quote Originally Posted by ;
    quote Not used it before but I feel a member is given a url something like fxblue.com/users/username to exhibit their page and they're able to control who has access to it by their own fx blue id.
    Yes, Emmanuel asked me and I told him my FX-Useraccount-ID, but then I didn?t know how I could see his trades. Again: I?m not sure with maybe just my error, this FX Blue and it?s possible

  7. #97
    Hi everybody, does anyone have this indior that shows how powerful that the TDI cross is ?

  8. #98
    Quote Originally Posted by ;
    To ascertain a 5th wave ending, the most frequent method is to choose the fibs of waves 0-3 and stretch them from wave 4 ending. Start looking for the 61.8% extension. It's also possible to zoom in on the wave arrangements at the wave and using fibs or construction pinpoint this 'v' th of the 5th's conclusion. If wave 3 was extended, start looking for wave 5 to equal wave 1. It's clear to me that people doubt that reversal points could be plotted or charted to virtually the pip. I've attempted to show differently, but people don't want to listen. Before I go, let me...
    Hello, I wonder whether there is a helper indior to mark waves. Can you utilize the ema (or what is the average indior line you are using) as a guide to mark out each wave? Thanks.

  9. #99
    Quote Originally Posted by ;
    To determine that a 5th wave end, the most frequent method is to choose the fibs of waves 0-3 and extend them off of tide 4 end. Look for the 61.8% extension. It is also possible to zoom in on the wave structures at the 5th wave and utilizing fibs or construction pinpoint this 'v' th of the 5th's conclusion. If wave 3 was extended, look for wave 5 to equivalent wave 1. It's clear to me that folks doubt that alteration points could be plotted or charted to virtually the pip. I have attempted to show otherwise, but folks do not wish to listen. Before I proceed, let me...
    Hello Cableguy,
    Thanks for sharing the EW information! Much appreciated!

    Ken

  10. #100
    Quote Originally Posted by ;
    quote Hello, I wonder if there's a helper indior to mark waves. Can you use the ema (or what is the typical indior line you are using) as a way to mark out every wave? Thanks.
    Hello Steven,

    No, the MA functions me virtually no purpose whatsoever nowadays. It should be removed by me. I used to use it like a chase, but now I favor candle chasing/discretion instead.

    ------------------------------------------

    'Hello Cableguy,
    Thanks for sharing the EW Info! Much appreciated!
    Ken'

    No worries Ken!

    ------------------------------------------

    Guys, I can not possibly convey many years worth of EW practice and expertise. While I see a chart, my eyes and head automatically see things in sets (or waves).
    It just became tuned in this manner with time. Sets have connections to one another and if I can share a few 'tricks' than it could help someone.

    I had an EW thread several decades ago now (and my site), at which I recommended against trying to tag waves without integrating Fibs. They will prove or disprove a count.

    EW is very subjective and also far simpler to ascertain a count after the event. That is why I don't bother labelling every move that is last. If we are able to ascertain ends of 4th waves utilizing the fibs and techniques I have posted a couple of weeks ago, or ascertain the conclusion of a full 5w set by affirming with fibs after which a reversal pattern, you know what is very likely to come next and then that's what trading is all about.

    The secret to all of it, is recognising a pattern which will probably end at the last Supply/Demand zone.

    Here is a few examples and also another vital fib relationship to be on the watch for;

    On the GU;



    Where the last wave is 161.8% of the prior. This works on 4th waves and also 'B' or 'X' waves. Turn your fibs upside down so the start of the move reaches 100 percent and thus extend your fibs beyond.

    On the UJ;



    Match it up using prior Supply/Demand (or retest of first subwave 'I') and you have a strong probability trade. If it happens at such, it is a trade from this line. If it happens elsewhere, I am more inclined to search for the reaction, then trade the pinbar/engulfing candle or 123 trigger and pullback...

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