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tx42

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Posts posted by tx42

  2. REQ - PivotBoss M@ster Training

    in Technical Analysis

  4. Best aussie pick up line ever:

    in Fun and Games

    Posted

    An Aussie walks into a pub and takes a seat next to a very

    attractive woman.. He gives her a quick glance then casually

    looks at his watch for a moment..

     

    The woman notices this and asks, 'Is your date running

    late?' 'No', he replies, 'I just got this state-of the-art

    watch, and I was just testing it. 'The intrigued woman says,

    'a state-of-the-art watch?' 'What's so special about it?'

    The Aussie explains, 'It uses alpha waves to talk to me

    telepathically.' The lady says, 'What's it telling you now?'

     

    Well, it says you're not wearing any panties.'

    The woman giggles and replies

    'Well it must be broken because I am wearing panties!'

     

    The Aussie smiles, taps his watch and says,

    'Bloody thing's an hour fast!'

     

    For a watch like this one, this is a true story :D

    https://www.ebay.com/itm/DeWitt-Twenty-8-Eight-Tourbillon-Prestige-T8-TP-001/193290736166?

     

    BpevfcN.png

  11. Must Have, Must View/Read List

    in Forex Clips & Movies

    Posted

    Read "Master The Markets" by Tom Williams, "Trades About To Happen" by David Weis, watch Dr. Gary Courses (which is an amalgamation of the books mentioned) that you will learn how read the chart properly then using the HLC bars, volume and structure, there is nothing more to it. Understand the concept of the climactic action which is the main trap people fall for, strength comes in down bars of very high volume (usually bad news in media) and weakness comes in up bars with high volume (usually with good news in media). The springs/upthrusts and shakeouts are traps too, you gotta learn how to identify those. When you jump the gun you get trapped, don't bite the bait. You have to practice and master to pull the trigger at the low volume tests of those high volume bars (which are the anchor points of support and resistance lines) You know that when price touch those levels with low volume, it cannot keep going if in a previous touch it had more volume and bounced, there is no logic. If price breaks you also know it is suspicious, probably a trap, then it reverses closing firm forming a spring or upthrust. This is all chart reading skill, practice.

     

    If had to add one more book would be "The Secret Science of Price and Volume" by Tim Ord.

     

    Seriously, only after reading those books I finally understood what was going on and was able to read the charts properly.

     

    logicgate, thanks a lot for your insights! Appreciate them very much.

     

    I'd like to ask if you know a book or course where we can see the same principles, but on the orderbook, or the volume profile?

     

    For example, if we have on the chart a big spread bar, with big volume, closing in the bottom. It seems the sellers are in control, supply hit the market. But how it developed on the OB? Would be important to understand also the mechanism of how that bar has developed? Say, first the price rallied up, then Market makers filled the gaps with buy orders. Then on the top, traders started to sell, to take profits. As there were not enough buy orders, price started to dip, etc..

     

    Dunno if I could explain well my doubt. I'd like to understand the movements behind the price action, the mechanism, the story behind the bar and volume, if that would be important anyway to learn PA better.

  13. MotiveWave Ultimate v5.1.3 (OFA, OFA AlgoX) cracked

    in Trading Platforms

    Posted

    hola kunaraj11 Thanks you

    can anyone that has said thanks

    please explain how to make work? I ask cause guess if you say thanks it worked for you, but not me so please tell how to make work.

    TIA

     

    I think you need to install the .exe file, then, replace the 2 .jar files in the installation folder. That is, in

    c:\Program Files\MotiveWave\lib\MotiveWave.jar

    c:\Program Files\MotiveWave\lib\httpclient.jar

     

    Now you can run the program normally. Note that the path above may change in your PC.

  14. Any experience with Hunt Volatility Funnel? (HVF)

    in Trading Systems and Strategies

    Posted

    That's a common technical analysis strategy, based on trend movements, a.k.a., range contraction/expansion or volatility breakout.

     

    The basic formula is:

    a) Descending patterns break to the upside, and ascending patterns break to the downside.

     

    b) An Uptrend will eventually break out by printing some combination of Lower Highs and Lower Lows, and a Downtrend will break out with a combination of Higher Lows and Higher Highs.

     

    Thanks, gadfly, for your reply. Do you think is it a new method per se, or we can find similar ideas in other courses available here (just like ICT and Steve Mauro courses are similar, or like Feibel & Gary Dayton as well)? Asking this question just to understand the concepts in other courses around.

    • Popular Post
    • Popular Post

    Gary Dayton - Tops & Bottoms - 2 videos + PDF & Book

    in Forex Clips & Movies

    Posted

    https://tradingpsychologyedge.com/trade-tops-bottoms/

     

    Trade Tops & Bottoms

    Professional Traders Know When a Market Has Bottomed and Topped – Do You?

     

    Learn to Read Tops & Bottoms and Dramatically Improve Your Trading

     

    Imagine possessing the ability to know when a market is turning. What would it be like to clearly see this occur—not after the fact—but as it is happening? How would you feel if you were able to capture long trade entries at the bottom of the market and initiate shorts at the top? How would you feel if you could do this frequently in your trading?

    Well, all this is very possible.

     

    TopBottom 1A recent bottom in daily Soybeans. Once the bottom was in, the market moves relentlessly up pushing through resistance for good profits. Savvy traders knew this was a choice opportunity. This tutorial teaches you in detail how to read this and other great opportunities.

     

     

    Every trader would like to be able to pick off the top and bottom of a market. After all, this is the location for maximal profits. But few traders know how to do it. They jump the gun and sit through sideways movement and feel the pressure. Worse, they try to pick a top or find a bottom but keep getting stopped out as the market trends on. Frustrated, they miss the big move.

     

    Many turn to indicators—and these can be helpful at times—but they often advise the trader to buy when the market is about to sell off or vice versa. Have you had that happen to you, more than once? To be able to read a top or know that a bottom is in, you need more.

     

    TopBottom 2There is great value in this method. Using a combination of higher and lower time frames together with reading tops & bottoms can result in some powerful trades. Here is a recent long trade in the Cable – the British Pound/US Dollar FX Cross Rate. We use the higher time frame to see the structure. The lower time frame gives both the confirmation of the bottom and the entry!

     

    Imagine what it would be like to possess the knowledge, skills and ability to understand market tops and bottoms. What would it be like for you to see a top clearly form and know where to enter short and set your stop? How would you feel if you saw the market bottom, entered long and saw your trade turn profitable almost immedatiately? How would this feel if it occurred frequently in your trading?

     

    TopBottom 3Gold had been in a protracted uptrend. It lulled traders into believing the market would run over $2,000 an ounce. All the news at the time was upbeat and bullish. Those who could read what to look for when a top is forming exited longs and began taking short positions right near the top. Numerous additional opportunities presented themselves for other short trades as intermediate tops formed. Here is a weekly continuation chart of Gold.

     

    Traders need a dependable way to know that a top or bottom is in place. They need a method that:

    • Is trustworthy and reliable

    • Has high odds for producing solid results

    • Is consistent

    • Gets you into the trade near the top and near the bottom

    • Has clear, close-in stops

    • Doesn’t require an indicator, expensive software or fancy calculations to trigger signals

    • Produces almost immediate results

    • Works on all time frames and in all freely traded markets

    • Is easily seen and assessed by the trader

     

    Our Unique Offer on Tops & Bottoms

    Our Tops & Bottoms tutorial is unique as we explain in clear terms what you need to see in your chart to reliably assess that a top or bottom is in. This includes the overall background conditions and how structure must appear. We tell you clearly when the top or bottom doesn’t form properly and exactly what to look for. No one else does this.

     

    You aren’t just given a few examples. There is over two hours of detailed review with numerous charts where we explain in detail all the key elements of market tops and market bottoms, including:

    • A conceptual model of tops and bottoms so you can understand the specific market action you are looking for

    • Specific Entry techniques for tops and bottoms

    • Understanding protracted tops and the characteristics of secondary distribution

    • Reading the chart for accumulation and what it looks like—this alone will keep you from holding onto short trades or going short at the wrong time

    • Likely areas a market will turn

    • How to read tops and bottoms bar-by-bar using only price and volume

    • How to use the Weis Wave for incredibly accurate confirmations of tops and bottoms

    • Using multiple time frames to increase the odds of identifying high quality trades

    • Key indications that a market has turned

    • Specific trade setups for trading tops and bottoms, along with the all-important background conditions that must be in place

    • Identifying the “Springboard”—i.e., the very specific point in the top or bottom where the market is poised to move off the highs or lows rapidly.

    • And much more …

     

    TopBottom 4

     

    After four days of downside momentum, SPY was ready to rally intraday. Traders with the knowledge, skills and abilities to understand when a bottom was likely took long positions with close stops right at the bottom on the multiday pullback. This is a 10-minute chart of SPY, the ETF for the S&P 500. The same setup occurred on ES, the S&P futures.

     

    Learn to Trade Tops & Bottoms with Confidence

    If you really want to be able to read market tops and bottoms and see the way professional and other successful traders trade them, then we invite you to consider the Tops & Bottoms webinar recording.

     

    I couldn't find it here, it was sitting on my HD, so here it is. Also includes the book mentioned in the last slide.

     

    • Gary Dayton - Trade Mindfully_ Achieve Your Optimum Trading Performance with Mindfulness and _Cutting Edge_ Psychology (2014, Wiley).pdf
    • Tops & Bottoms, Part 1.mp4
    • Tops & Bottoms, Part 2.mp4
    • Tops and Bottoms Class.pdf

     

     

    Link:

    https://www.mediafire.com/file/1a05j977ii3gimp/Gary_Dayton_-_Tops_%26_Bottoms.zip/file

  22. Must Have, Must View/Read List

    in Forex Clips & Movies

    Posted

    I don't agree with you tx42, I don't think that methods lose their validity over time, if that was the case then Wyckoff methods of analysis and trading wouldn't work... And this is something that repeats over and over again, everyday it is there, the setups...

     

    And you can see that VSA is based on that. I think that the more people are doing the same thing, the more it works. It takes thousands or millions of

    traders doing the same thing at the same time for the price to bounce of those classic levels, or some group of traders with extremely deep pockets.

     

    It is impossible for you to "discover" a method that only you know, it wouldn't work. Do you think that a couple of lots or contracts that you buy

    at a certain level that is your "secret method" are responsible for the price moving from there? Of course not...

     

    I understand what you say, and I agree in many points. What I meant is that a profitable strategy may not work exactly in future, it needs to be changed, updated, as time passes.

     

    This interview deals with this idea, in some ways https://www.forbes.com/sites/johnnavin/2016/12/31/why-some-technical-analysis-may-no-longer-be-effective-an-interview-with-michael-harris/#22b290cb4733

  23. Must Have, Must View/Read List

    in Forex Clips & Movies

    Posted

    From the suggestions above... I only can conclude that there isnt only One Path to profitability trading.

     

    Absolutely true. It that was the case, everyone would follow this one path, and then, someone (market makers, smart money) would just antecipate himself and couter-trade the triggering signal. For that reason, all methods, strategies also lose it's validity over time.

  24. Must Have, Must View/Read List

    in Forex Clips & Movies

    Posted

    Technical Analysis of the Financial Markets: A Comprehensive Guide to Trading Methods and Applications (New York Institute of Finance) by John J. Murphy

    A Complete Guide To Volume Price Analysis by Anna Coulling

    Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points by Martin J. Pring

    -- All TA videos by Martin Pring

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