muhhatta

fxnizar · May 6, 2011

here is my trade GBPAUD H1
I TAKE TRADE REAL ACCOUNT ITS STILL POSITIVE
any thing wrong tell me
http://i1195.photobucket.com/albums/aa393/fxnizar1/gbpaudh1.gif
i take trade in h1 but the setup is h4.i may be wrong.if u want to learn swinging first make courage enough to touch the water in tip of your leg thump finger !!!!
http://i1195.photobucket.com/albums/aa393/fxnizar1/gbpaudh4.gif

Dear FxNizar,

Didn't mean to harass but some were ain't right

1. The traits must be in order: MP - End of Stage 1/prime stage - Flip - confirm of stage 2 begin - cut - move after cut - trend extreme - pullback - retrace. The next traits based on the existence of the previous trait.

2. As I said in order, you can't put CUT after trend extreme

3. End of stage 1 / Prime stage should be before the flip

4. Second stage begin after the flip / before the cut

Keep trying

wesnel1 · May 6, 2011

Thanks fxnizar, here is my previous post with my questions

Ok so after reading this thread i've decided to give this system a try as it does look quite good.

I spent alot of yesterday and today learning the system and feel i have a pretty decent understanding of it.
However, to find a complete(primary, flip, 2nd, cut & extreme) setup on the charts seems quite rare to me. Reversals from main pivot to main pivot don't just follow this setup and often their seems to be reversals that if you waited for this setup you would miss it.
I've also seen that it happens where there is a reversal signal and you change to the appropriate 13-68 cross template price very often does not retrace back to the purple line to give you an entry?

Do you just have to wait until one of these perfect setups happen, or is there an alternative way to enter?

Any thoughtswould be appreciated?

Thanks

Wes

Dear Wesnel;

1. Rare setup...? its not.

We are currently have more that 40 incoming setup in the watch-list, more than 10 of them are in the state of Waiting to Retrace (Means valid pullback evaluation has been done). Therefore I observe closely not more than 3 pairs of my favorite, put price line alert and posting their development in the forum chat to share and have confirmation. I prefer Medium Term M5 to 4H. Many times the cut, pullback and retrace on 4h are also caught in lesser Time Frame such as M5 - M15.

Maybe it feels hard to search for a setup initially but when you familiar, it is just a glance between time frame. Initially I used flip-finder tool but later I just skim through TF. Observing 4H or D1 bars I could tell which smaller Time Frame the Flip occurred.

2. Alternate trade (out of perfect setup).

As in the book, Primary Setup is used to handle the Big Move / Trend Reversal. Its just the Motif (Elliott Wave) while we understand that Market spend 70% of its time for Correction. STAR didn't want you to sit tight waiting for 30% and miss 70% of good setup. We have secondary setup to handle it and now we have CSA-Continuation Signal Aggressive (a more aggressive approach) and 52s-temp to handle Corrective move.

Primary Setup aim for trend reversal, thus protect you from false entry when trend is nor reverse yet but just a little pullback. Why Primary setup less-often than secondary? because its the nature of the market. Trend are not so easy to forget, not so easy to reverse. Trend need to exhaust or running out of steam (which is caught by STAR)

But we'll miss many good corrective move... Not,

Corrective does happen.

Lets say you evaluate a pullback and failed for Primary s/u for any criteria. This evaluation result Continuation Signal and protect you from entry. But Continuation Signal doesn't mean the move will just continue straight away.

It does make a nice corrective move before resuming the trend.

This is how Secondary Setup, CSA and 52s template come to play. The move will not touch the strict Primary Setup criteria so its need to be loosen (this is what Secondary, CSA and 52s do)

Honestly, I indeed monitor all the pairs from watch-list that in the state of waiting for Move After Cut and Waiting for Pullback because many time I found that when a price made a CUT I could expect at least 2 corrective prior to reversal. Watch just 3 pairs and I could expect at least 6 corrective setup for a week.

Corrective on M5 could move until 60 pips, H1 could 100 - 200 pips and D1 corrective might come to 1000 pips, do the math.

Keep learning, its worth...

wakjoe · May 6, 2011

If I may add note;
please have a look at the CUT, we do have a criteria called MAC-Move After Cut. At the early stage of my learning I put less importance on it (I believe some of you did). But this move after cut dictate a valid set up for STAR.

The criteria in the book said that after the cut, the band of MAs required to become steepening and more parallel. If not steepening (like your pic above) then more likely the move is going to what we called rolling-over. This price move will cause the band of MAs rolling over and cause a flip (it did in your pic).

We deal with such situation using only CSA and 52s setup and not for trend reversal (only quick profit taking)

Hi All,

Still so many learners thought the system is difficult. I am saying this not after understand it but this thought of easiness already in my mind since the second time i read it.

First time I read it, my only concern was to understand "a whole new concept". I read page after page just to understand the new language but it is understandable.

Concisely, the main aim of traits hunting is to find an exhausted move which is sign by a set of traits. STAR pullback evaluation can only be applied if the complete set of traits have taken place. Pullback evaluation will result in Reversal or Continuation Signal.

If the trend does reverse you simply take the trade, but if evaluation produce CS doesn't mean no trade at all. We can simply steal pips with Secondary Setup and CSA setup. That is star all about.

The only thing to search are the set of traits; prime stage - flip - secondary stage - cut - move after cut - pullback. It will looks like in the big move (fig.1) in the picture of the book. Look and memorize the picture and finding the set up will become easier. As Tom says in the book, initially maybe difficult to find the setup/flip but when your eyes get used then finding setup is just a glance between timeframe. Even easier to get used to flip finder tool.

When I understood the language and the meaning of those traits then I applied it in MT4. I printed the book to consult back when I set the template. I analyze every traits and consult the book. What exactly book says about MP, next prime stage, later flip and so on.

I did so and come up with several question in every traits. For ex; Once I evaluate a pullback and find a cross at the fifth bar. Suddenly I think what does the book mean by "cross within five bars of the pullback". Therefore, do the pullback to be count as bar 1st or do we count the first bar at the bar next to pullback? I search the whole book but couldn't be sure for my own conclusion.

I did find some mistake in the book like the picture of the CUT. At least there were 2 pic of CUT (cut where second stage haven't been confirm)

I can tell that I understood primary setup in just 3 days. First I read the whole book then I applied primary setup for a week yet stuck with further deeper question.

See that, If only, any of you came to us with such question then we should tell that you did tried to read the book (Or maybe those who manage to understand the system has no longer came to this forum for a question).

Those of you that at least got the points of the book could tell that only pic post #15 of Wades-world (Star-setup thread) that depicting STAR traits while other pic posts not even close.

There are interesting points I could tell about that #15 picture; The picture provide a (valid) flip, but the flip move itself contain a flip inside. Seeing that pic, STAR newbie would think that the move has 2 flip which is not a valid setup for STAR.

But I should tell you that it does a valid flip. This kind flip we call "Shadow". Either Wades know this exactly (as a legal copy owner) or has no idea at all that he posted such pic, but such picture may mislead those who are at the early stage of learning STAR.

See the point, I have came through this path. We are here to help you if you are willing to help your self which we can tell from your question. Indeed I see some who are worth of help.

Such person who have came through the right path would contribute meaningfully to the Premium Forum.

I came to this forum because I got a help from this forum that finally ended me up in the Premium (Thank you G***)

I have a strong believe that I would see some of you in the forum soon.

Keep learning Guys, Its worth,,,

wadesworld · May 6, 2011

If I may add note;
please have a look at the CUT, we do have a criteria called MAC-Move After Cut. At the early stage of my learning I put less importance on it (I believe some of you did). But this move after cut dictate a valid set up for STAR.

The criteria in the book said that after the cut, the band of MAs required to become steepening and more parallel. If not steepening (like your pic above) then more likely the move is going to what we called rolling-over. This price move will cause the band of MAs rolling over and cause a flip (it did in your pic).

We deal with such situation using only CSA and 52s setup and not for trend reversal (only quick profit taking)

Hi All,

Still so many learners thought the system is difficult. I am not saying this after understand it but this thought of easiness already in my mind since the second time i read it.