kon

i think you forgot to ask what type of coffee i like.
instead of asking all these questions you better spend some time and read my older posts where i explained everything.

i am a chicken
got out at 1934.5
i saw that the move down has slowed tremendously and there were lots of divergences.
i could have squeezed some more points but still 1908.5- 1834.5 is 76 points - almost 4k multiplied by six not too bad...
today daily candle is very bullish-its a pin bar or doji with high volume - if it was low volume then i would say its a continuation but we are just bellow the 78 and we might get a nice reversal which i pray for so i can get back in.
take care
jane

http://screencast.com/t/WcC9RuHUzJT

i rest my case again- so far prediction is perfect.
entered first 6
will add on each fib.
my profit target per contract is between $6500 and aprox $40,000 ( meaning- multiply that by 6 )
:) :) :)
let the game start
was too long without any positions ( would love to say --- felt naked --- but then i have to suffer funny jokes lol )
btw- i love the academy indicators- watching live and will give some feedback over the weekend.
the thing about re-paint is not correct- you need to use your logic and minimum judgement for entries-
jane

one last thing i wanted to show you is the weekly-
lets compare between the last three weeks-
first week had very high volume with a nice large down move-
the second week ( two weeks ago) had a higher volume but only half or even third of the move- that means that the volume did not justify the move- that means- a lot of hidden buyers- that is why i decided to exit all my shorts which was smart.
now look at last week- we have almost similar volume with a very small up move which is not so great for the bulls- so again- it tells me that we might only get to the 38 fib.
on the other hand- if you ever studied candlesticks- you know that last week's candle is very bullish-
bottom line- i dont know what will happen - i can only be prepared for almost every scenario there is and i have enough buying power- in reality- the more the market goes up and the more contracts i go in with i make more money at the end.
will keep you posted.
take care and have a wonderful wekend
jane
 
http://i.imgur.com/vRdRBHs.jpg

and the answer is going to.......
POINT A
The rest is noise and garbage.
but------ again- since i am anxious to enter and since i have seen many times on very strong trends ( this time down ) where you can miss the entire move unless you enter a bit earlier- so i have my first order of 6 contracts at 1915- i might update it a bit as we get closer but not by much.
so you can see that the difference between A and B is not much so i dont want to take a chance and miss a nice move here.
 
Another very important point you need to watch is the daily volume- look how the volume is going down while the market goes up- we have a huge divergence between the price and the volume so that is why i decided to enter asap which is the 38 fib and not wait for the upper trendline.
 
http://i.imgur.com/ROMyTxK.jpg

and here we are - market is + 27 points (ES )-
I REST MY CASE AGAIN- no indicators used at all- no volume profile or anything else- just basic deduction and chart pattern.
Now- try to imagine that this is not daily but lets say renko 8 and each bar is a much smaller time frame- this is ecactly how you should day trade- this is my method-
FIND THE PING PONG AND TRADE ACCORDINGLY.If this was a day trading chart then we would go long with a target - the upper trendline.
I am just showing you that in a slow motion lol.
Anyway- my fist short is at 1915 ( took few ticks off - want to get filled) and then will continue shorting every fib- will post a chart later- no time now.
take care
jane

ok boys and girls- took me awhile to find out my ping pong wall- meaning why did the market stopped and reversed where it did.
obviously you can see that this is the case- huge volume and its a hammer - meaning they took it down to minus 68 points and ended with almost a doji which is incredible.
anyway- i could not figure out why the h--l it would stop here- i was thinking to give you a quiz instead of giving you the answer- but its late and i am tired- so here it is.
 
look at the chart- you can see that we have a perfect channel here- its a huge channel but its still a perfect one.
on top of that you can see that we have almost perfect symmetry which is amazing.
so now when i know WHY the market stopped i can plan my coming up shorts.
i dont think the market will be able to go all the way up to the upper channel line- so i am shorting every fib possible.
this is great- i was afraid that the market wont give me another chance of shorting before it crashes and turn to dust lol
take care
 
jane
 
http://i.imgur.com/3gxpFnM.jpg

very good kon
obviously my shorting plans are not good anymore- need to re-do the fib but only after i see the market reverses up.
in the meantime- if the market continues to go down i will GO LONG at the big 1.272 which is around 1730 something.
i will be very careful and will watch volume and divergences for signs that the market is slowing down.
keep in mind that i do not use stops when position trading.my profits are going to be hundreds of points.
will show you the exact entry once we get closer- but right now i am on the sidelines waitng for the market to either go up 100 points or down 100 and only then i will enter.

i will- but you have to understand that the core basic of my method has not changed at all.
I read the market moves just looking at the chart.
There is a reason for every single move no matter how small it is and if you train yourself to recognize it you will almost always know whee the market is going so you can hop on and make money.
The latest tool i added is the auto trend line- i havent decided which of the 3 to use- each one has its advantage or dis-advantages.
Today was not a good day to watch the market - unless you like to fall asleep lol.
But i promise to post some more day trading stuff for very small accounts.
take care
jane

http://i.imgur.com/iMl8aWQ.png

gm everyone
market is down 45 points lol wow
got out of my last short- i feel crippled without any contracts lol
anyway- obviously all the above analysis is now obsolete - will have to wait for the market to go up and then will decide where to reshort.
jane

kon- you are correct but this is very general and just plain divergence will kill you- on strong moves you will see the indicators will show you that you are overbought or oversold with huge divergence- tempting you to go against the market which will be a big mistake- so my advice- DO NOT RELY ON INDICATORS.
 
Armuta- very good but not good enough- fibs should be accurate not almost
 
Please pay attention to what i am teaching you here because i do that every single day on much smaller time frames.during the day trading when i use my renko 4-1 or 8-2 its much simpler and i pay attention to the current leg or the previous one.
Here i am showing you a much more complicated analysis on a daily basis.To be honest- the market has not decided yet what it wants to do and the analysis is very complicated here or at least composed.
 
I am checking the fibs on every possible leg and i take THE ONE WHICH IS THE MOST ACCURATE. so lets begine from right to left.
first arrow- we broke the 1.9 - no good, second arrow - again broke the 1.9 no good. third arrow- 1.9 is 1884.74 market's low was 1871 so its not good but its much better than the previous two.
fourth arrow the 78 fib of the big move up 1907.97 na--- too far from 1871 - but we check and consider everything.
now here we go- surprise------------------------------check it out- the 78 fib of the entire move is 1876.37 which the low is 1870.75 that is 5 points on a daily basis- thats nothing.
 
you see- the hardest part of fib users is to discern where and to where to take the measurements.
 
so bottom line- i am going to short but WHERE.
I am going to do a fib on the third arrow leg and use that as my leader leg and enter with its fibs will go in every fib starting the 38 but... i am also going to minitor the daily volume and the speed of the up move- i might skip the 38 and start only at the 50 or the 62 etc. the are two options-
 
one- we have a fib extension of 1.9 meaning i am going to short at 1957.25 which is the 38 fib.
two- we have a move from the 78 meaning- it can go up to wherever it wants- it can just be a bounce or an entire reversal with a move up to a big 1.272 who knows- who cares.
i am ready for every possible outcome no matter what.
so lets the game begin- hope you understand what i am doing - if not then just ask.
take care
jane
 
http://i.imgur.com/3wQXKln.jpg

http://i.imgur.com/TprmV7f.png?1

http://i.imgur.com/SEqsu3S.png
 
I think, you got off at 198.20 FE (More confirmation=Vol declining & RSI OS)

still waiting for someone to tell me how did i know to exit right at the bottom ?

I REST MY CASE
Look at the daily chart attached- notice the arrow on the bottom left- THAT IS WHERE I EXITED MY SHORTS- how comes ? am i a prophet ?
What i am doing here is teaching you how to trade but instead of doing it using a video or a replay- i am doing it very slowly LIVE, REAL TIME whrre very bar in our chart is a daily one- this way you can see me trade live in slow motion.
I use the same concepts for day trading ( but usually with the market and with tight stops ) so try to understand and learn as much as you can.
I found an amazing tool for trading- its works wonderfully for ninja, but also for tradestation, metastock, metatrader and more.It does an incredible job and its free.
Its your brain :)- stop using all these complicated and amazing indicators with so many colors and arrows and just look at the shady areas and see how many losers you get.
 
I have a short quiz for you- HOW AND WHY DID I GET OUT RIGHT AT THE BOTTOM ? ( actually my initial exit was 1893.5 but i chickened out and exited a point higher- i am sure you would do the same with 9 contracts lol).
 
Anyway- I already have my shorts at every fib level- not using any indicators or volume - value areas or support- resistance from 50 years ago or apa, ama, camarilla or any of these amazing incredible magic levels generators.
 
I hope you learn something or at least you enjoy reading these posts.
 
If you do then push the "THANKS" button so i know how many of you are interested and will continue posting- otherwise i will stop wasting our valued time.
 
Traderbeauty-Jane
 
http://i.imgur.com/ON3ruJc.jpg

i want to teach you something very valuable that will help you analyze you trade without using any indicators.
this is why i decided to exit all my shorts and if you notice- i did that almost at the low of the market - again- without using any indicators.
look on the left the 3 arrows- see the down move- look at the corresponding volume- see how it accelerated to the end- there was no reason to exit there-
when we look at the bar we need to consider few facts- the color ( direction ) size of the body ( doji or not ) and the volume.
now lets look at the last 5 days of drop-- market was going down and volume went up- so i kept my shorts - no reson to exit.
look on friday----now focus- its very important to notice what i am going to show you- if you dont - it will cost you.
 
volume compared to thursday was almost the same- but lets look at the move-----
 
ALMOST SAME VOLUME GAVE US ONLY HALF OF THE MOVE DOWN-
 
That means that the market IS BRAKING ( not breaking ) - SLOWING DOWN and decelerating.
That does not mean its reversing - but if i am short that means- time to exits.
look again and compared both down moves ( one on the lft and the one from last week ),
look again and again and again.
appreciate the fact that i am teaching you something at 8:30 pm sunday evening instead of watching the golden glob lol.
stop collecting indicators ( even if the are some suckers that pay thousands of dollars for them ), always ask admis or yamantaka for the indicators' value and ask if they add anything to your trading accuracy.
remember- the simpler your method is- the better you will do.
have a good night and a wonderful 2016.
and last thing- remember- i am here for you as a friend so dont hesitate to ask, complain, disagree or even yell at me- we are all here together to make more money.
jane
 
http://i.imgur.com/KL7UKTs.jpg

if i am not mistaken i had around 30 or 40 contracts- but keep in mind that this is the overnight margin- not the intra day- but again- during the day i kept shorting and exiting with 10-20 points all the time- when you do that on 5 contracts its 2.5- 5 k profit each time even though some of your shorts are in temporary loss.
 
as you can see i still have few shorts left which i plan to close at 1893- but if the market will decide to go high from here i will start to reshort again around 2015 9 aprox- not exact- need to do the fibs).
 
if there is interest then i can post levels for reshorting and you can follow as long as you have enough cash in the account :)

wcicom- i am not trying to predict the market- i only follow what it tells me to do and the signals and analysis i had was DOWN.
It took awhile but now i am getting rewarded.
Got out of more shorts- i still have few more with a final target of 1893.
i do not want to post an image of my interactive broker's platform profit but i can tell you that my screen is very GREEN with lots of zeroes. :).
You can clearly see how the market made 5 waves up and then changed direction to a down one.
Take care and thanks
Jane
 
http://i.imgur.com/OwUpVo7.jpg

Hi Traderbeauty,
 
I can see that you use fibo retracements and extensions...do you ever use projections also?
 
regards
kon

Hi Traderbeauty,
 
I can see that you use fibo retracements and extensions...do you ever use projections also?
 
regards
kon

1.9==38
1.6=== 50
1.2==== 62 or 78
very choppy today

traderin-
basically you are correct- but its not that simple or easy.i do not use weekly or monthly - that is too slow and far.i use many smaller time frames- but true- for my position entries i use 60 minutes- 180 and daily ( 1440 minutes so that includes the night activity ).
You need to be able to read the chart and understand what the market is telling you- if you do then you have it all in your pocket and no need for any indicators.
i use renko because it makes the chart easier to read , more clear etc. i dont know why people are trying so many bar types- they are all the same and their purpose is just to reflect the basic movement of the market- so the renko spectrum is good enough as long as you know what to look for.
as i promised before- i will post tomorrow if i have the time a thorough analysis of friday so you can understand once and for all what chart reading and trading with no indicators at all means.
if you want me to do that just push the THANKS BUTTON so i can tell how many are interested- if i see enough then i will do that more thorough with more details- keep in mind that it takes a lot of time and effort and the weekend is my only free time but i will do that for you.
jane

i managed to get kwikpop 7.0 for tradestation. I will share it here.