Traderbeauty

Trader34- Please dont fight about a girl :) i feel great reading all the comments, I did try to trade the CL but it was going so fast as you described that by the time i decided to enter the trade was already done lol.
As I said before- AS LONG as the legs are big enough you can enter just using the renko color change with a 5 ticks stop which is considered nothing for the ES.
Today was a crazy day but following the rules would have netted you a very nice profit even with few losers.
The HUGE and MOST important thing to follow is use your brain and the rules to filter out trades which you know will be losers, and i will continue to teach as long as i see support and interest, i just dont want to waste my or your time.
Thanks
Jane
p.s- very good screenshot - does apex help you to filter anything ?

First of all i wanted to thank everyone for the nice support.
Today was another very good trading day without any worries where the pivots or volume clusters or symmetry dots or cl levels or any of these hundreds resistance and support levels.
Again- today i am going to stay at the same level as yesterday , still no indicators and no countertrend and no higher level stuff.
http://imageshack.com/scaled/large/543/cymq.jpg
So started early at 8:50 am which is 5:50 my time, i saw that we do have a higher top so when i got that long signal at point 1 i did not hesitate and went long EVEN THOUGH THE BIG PICTURE TOLD US TO CONTINUE SHORTING FROM THE BIG DROP OF THE NIGHT.
point 2- same long with a stop bellow, keep in mind that even though the market tried to generate a lower high it did not succeed and as u can see the long was great.
point 3- same long- look at the delta between tops- meaning trend is strong- no need to measure with any indicators.
point 4- here is the EXPERT TIP i will add now- as you can see point 4 would be a loser- BUT- and this is a HUGE but and you have to pay attention.:
YOU HAVE TO MEASURE THE FIBS EXTENSION BETWEEN THE TOPS- they are actually your best measure for the trend strength. once its 1.272 to the tick which happened here-YOU DO NOT ENTER WITH THE TREND BEFORE a retracement of at least 61.8 , so if you look there - i skipped point 4 long because it did not made the 61.8 and i entered at point 5 which was a great winner.
point 6- same rule but here we had no noise- and it was again a great long.
point 7 ended with a break even.
point 8- VERY IMPORTANT-you would imagine that since point 7 low was broken we would look for a short- basically you would be right but 1 tick is normally nothing- actually if you look we hit a support of point 6 and we got a long entry so take it.1 tick actually is the bet divergence - because all the breakout shorts would bail and reverse while we go long and laugh.
point 9- here i got small legs i just stopped and waited , same with point 10.
point 11- i saw a nice double top with a short reaction so i took it- was a great short.
point 12- same short - watch the nice delta.
point 13- was a little confusing but as i said before- we only broke point 12 by 1 tick so i took this short with a tight stop and it worked perfect.
point X- its the double bottom between 13 and 14 - forgot to mark it- was a perfect double bottom and i took the long, i expected to have a new high so bailed only with 2 points damn lol.
point 14 was a mystry- no idea why where so i stayed out.
same with point Y bottom before 15.
point 15 took a short for 1 tick loss and then for desert took the nice long of point 16.
i will not tell you how many points i made but you can figure it for yourself.
i am just trying to explain that trading the es is great- you have time to think and unlike the cl your stops even though i use market stops are normally very small.
here is the link again ///// http://imageshack.com/scaled/large/543/cymq.jpg /////
Enjoy and hope it helped.
Take care
Jane

Hello Trader Friends.
Wanted to thank again everyone that is helping and sharing and giving ideas.
So what is JTMI scalper- J is Jane, T is Traderbeauty , M is Mechanical, A is Adaptive to the market conditions and I is for *****s ( no pan intended - just wanted to create an impressive name lol ).
since I am a full time trader , its hard for me to post during the day so i use the weekend as an opportunity to help or at least try to help others.
First- let me warn you- do not use this method live unless you traded paper for few weeks with no losses.
http://imageshack.com/scaled/large/51/6evq.jpg
This is no magic or anything new but there are many rules and pointers that will prevent you from entering at the wrong time or place.
This is a plain 2-1 ticks renko spectrum with only the zigzag UTC on it just to clearly mark the zigzags.
I did not post the big picture on purpose- meaning i am ignoring all the big support and resistance, double tops/ bottoms etc which you should watch normally and consider them but in this post i like to keep everything simple for *****s like me that need a simple yes or no in order to push the button.
So lets get started-
Rules 1: and the most important one- since we dont use indicators- the only way to know the end of a move/ trend - ahead of time is by watching the distance between the tops for an up move or bottoms for a down move.once we have 1 or 2 ticks then it means get out and sit on the sidelines.
Lets look on friday's trading.
Point 1- that is early in the am and we are still fresh and anxious , we can clearly see that we had 2 tops before with a nice distance between them so we are looking for a long entry,once we got it we go long with a stop 1 tick bellow point 1 or you can use a 70 tick chart with acme trend and only go in when you see a clear consolidation then you can get in with 2-3 ticks stop.
since the distance beteen the last 2 tops was big it tells us that the trend is strong and we can easily few points- in this case we could get 3 points easily.
Point 2- we still see that the distance is big so like machine we look for the next long entry which came at point 2- this one would have given us 5 points meaning we could actually stop trading less than an hour after we started with 8 points.
Rule 3---- its not advisable to go more than 2 or 3 times in the same direction, normally the market changes sides and we should expect it to start going the opposite direction so being greedy is ******.
that is why we could but should not take a long at point 3, but even if we did we would go long at 1695 and exit with 2-3 ticks loss once the next bar turns red.
point 4- we have now lower low with a big distance between the bottoms so we look for a short- we take it with stop above point 4 . could have gotten another 3 points here- again using the 70 ticks to monitor.
point 5 is a very small loss or breakeven.
point 6 is a winner for another 2 points. but noticing that the distance between the tops( will call it DELTA from now on ) is much smaller than before gives us the knowledge that this is not a strong trend.
point .
point 7 is ultra obvious- you have to be an ***** NOT to take a short there- look at the delta and the length of the previous move- the market is TELLING US that the move is strong with a big gain expected in this short entry not only few ticks- this was a 4,5 points profit.
point 8 -i need to explain what is going on here-so please pay attention- the ***** rule is- since we have a lower low we just look for a short and we did get it at point 8 and even if we shorted there we would win a little and definitely not lose. BUT...look at RULE 3 - we just entered 3 times short down and point 8 is the 4th short entry with the direction down with hardly any retracement - so we just have to watch, the other more important fact that you have to notice is- we had a VERY STRONG down move with a huge delta- so WHY THE HELL DID THE MARKET GO UP SO HIGH AND SO CLOSE TO POINT 7? unless its planning to reverse. ( mmm, so that is not just for dummies anymore, we need to think a little ...).
point 10- basic and obvious long for another 2 points.
point 11 - same as 10 with another 2 points.
by now we made so much money almost 20 points using only ONE CONTRACT. we had 1 or 2 very small losers and its total mechanical entry with hardly any rules so we cans top trading after 4 hours and go to the beach.
Bottom line- if the legs start to get too small it means we are in either chop or consolidate and we better stay out or SWITCH TO renko 1-1.
Hope it helps-
I am willing to continue my analysis posts but only if I see enough responses and the only way to see that is by people hitting the "THANKS" button.
There is much more to this method by using very basic simple fib levels that will allow you to enter countertrend and make even more money but as i said before- i will only continue if i see some responses and support.
Hope you enjoyed and thank you all again.
Jane

http://www.send5pace.com/file/k54th8

Hello Traders.
So when I woke up this morning and saw the es minus 17 that said everything- "GIVE THE SHORT SIDE A PREFERENCE".
now that does not mean short all the time, apply some sense , but -17 is a very bearish market ( and i dont give a c**p about oversold lol ). as long as we have lower lows and lower highs WE WILL SHORT.
There was so much activity that i needed 3 images and i dont have the energy to explain each entry.i will post them here and then explain a little at the bottom.
http://imageshack.com/scaled/medium/27/qh54.jpg
http://imageshack.com/scaled/medium/11/wtwr.jpg
http://imageshack.com/scaled/medium/189/khyf.jpg
 
I am trying to make it simple - no thinking but the truth is that i do think a lot and i check each leg's location, i check each extension to see if its exactly at a fib; if it is and i get a signal then i will take it countertrend KNOWING that i might have to reverse soon.
On a strong high volume like today IGNORE SMALL LEGS OF 1 OR 2 BARS they are just noise that is trying to confuse you.
Always wait till you get a nice retracement BEFORE you enter.
So lets start- i am not going to mark each entry with a number- just try to follow me. i am starting at 8:30 am - no brain- shorts and shorts and shorts.
you can ask- wait- the retracement at 8 30 was only 2 bars so i should not take it- that is true and u can see that the profit was not much and the next one which was 3 bars was much bigger profit. on the other hand- look HOW WE GOT to this 2 bar retracement- huge and strong move- meaning you should expect a shallow ret.then we had a reversal.
I want to explain something very important about reversals : THEY ALMOST ALWAYS HAPPEN AT THE 0.78 FIB so always watch when you get there.
ONE HUGE IMPORTANT THING- ALWAYS WATCH THE VOLUME ON 1 minute chart- watch for a reversal volume which is much bigger than the previous few bars ( of course not at the open ). today reversal volume worked like a charm.
so the next longs worked beautifully, then we got to the 78 fib of the big leg but lets assume you know nothing about that so u keep longing till 10:11 short followed by few more.
take a look at the great long at 11:17 and 11 24. followed by these great shorts.
The key is- try to ignore noise which usually looks like a reversal bar in the middle of the way- that does not mean to reverse your course-i use a 70 tick chart and i only go in when i see a nice consolidation with a 2 - 3 ticks stop.
There was much more today- but its a little more complicated- for example- i watch the bigger picture- when we hit 1631.5 which was the previous HUGE SUPPORT of almost a week ago- i saw a 15 k volume plus 10 k right after- i got a long signal and i jumped in- so a previous support/ resistance can work and does but not always- you have to watch but be prepared to it.another very important thing i did is- i actually shorted every fib extension because EVEN THOUGH you might have a higher high and higher lows and you would say- oh- i am only looking for a long- no- no - no- on a big down day the purpose of the upward step stairs up is just to get to the right fib retracement so we can short it. but this is as i said a little above and i would not do that on a normal day.
Hope it helps- and again- DO NOT trade live unless you are profitable for 3-4 weeks consistently.
Second- ( this is for trader34 ) , I am not teaching you, i am just showing what i do, if you like it you can follow if not just have fun.
Take care and sorry for the crude writing but I AM TIRED :) :) :).
Jane
(TRADERBEAUTY )
 
p.s- here are the direct links for the images :
 
http://imageshack.com/a/img27/3185/qh54.jpg
http://imageshack.com/a/img11/4963/wtwr.jpg
http://imageshack.com/a/img189/6581/khyf.jpg

Hi Gavesto-
When I go in I NEVER use stops that are bigger than 2-3 ticks ( ES mini ); i know it sounds very small for es specifically with the current moves- but as i said- i dont just go in, i wait for a small consolidation and only when the market is stabilized i go in with a very small stop.
I also watch GOM delta volume , gom cd and pbf pressure to make sure i am not on the wrong side.
i would rather lose few times than go in with a big stop just for my ego lol.
regarding profit targets- i usually go for 2 points which i get most of the times, but sometimes i get even more- just look at most of the entries i marked and you will see that i am right.
somtimes i just play around and take few ticks or a point but these are different entries than the ones i marked- these are actually continuation entries that you get on an extended strong trend/ move.
good night
jane

Hello Traders.
So when I woke up this morning and saw the es minus 17 that said everything- "GIVE THE SHORT SIDE A PREFERENCE".
now that does not mean short all the time, apply some sense , but -17 is a very bearish market ( and i dont give a c**p about oversold lol ). as long as we have lower lows and lower highs WE WILL SHORT.
There was so much activity that i needed 3 images and i dont have the energy to explain each entry.i will post them here and then explain a little at the bottom.
http://imageshack.com/scaled/medium/27/qh54.jpg
http://imageshack.com/scaled/medium/11/wtwr.jpg
http://imageshack.com/scaled/medium/189/khyf.jpg
 
I am trying to make it simple - no thinking but the truth is that i do think a lot and i check each leg's location, i check each extension to see if its exactly at a fib; if it is and i get a signal then i will take it countertrend KNOWING that i might have to reverse soon.
On a strong high volume like today IGNORE SMALL LEGS OF 1 OR 2 BARS they are just noise that is trying to confuse you.
Always wait till you get a nice retracement BEFORE you enter.
So lets start- i am not going to mark each entry with a number- just try to follow me. i am starting at 8:30 am - no brain- shorts and shorts and shorts.
you can ask- wait- the retracement at 8 30 was only 2 bars so i should not take it- that is true and u can see that the profit was not much and the next one which was 3 bars was much bigger profit. on the other hand- look HOW WE GOT to this 2 bar retracement- huge and strong move- meaning you should expect a shallow ret.then we had a reversal.
I want to explain something very important about reversals : THEY ALMOST ALWAYS HAPPEN AT THE 0.78 FIB so always watch when you get there.
ONE HUGE IMPORTANT THING- ALWAYS WATCH THE VOLUME ON 1 minute chart- watch for a reversal volume which is much bigger than the previous few bars ( of course not at the open ). today reversal volume worked like a charm.
so the next longs worked beautifully, then we got to the 78 fib of the big leg but lets assume you know nothing about that so u keep longing till 10:11 short followed by few more.
take a look at the great long at 11:17 and 11 24. followed by these great shorts.
The key is- try to ignore noise which usually looks like a reversal bar in the middle of the way- that does not mean to reverse your course-i use a 70 tick chart and i only go in when i see a nice consolidation with a 2 - 3 ticks stop.
There was much more today- but its a little more complicated- for example- i watch the bigger picture- when we hit 1631.5 which was the previous HUGE SUPPORT of almost a week ago- i saw a 15 k volume plus 10 k right after- i got a long signal and i jumped in- so a previous support/ resistance can work and does but not always- you have to watch but be prepared to it.another very important thing i did is- i actually shorted every fib extension because EVEN THOUGH you might have a higher high and higher lows and you would say- oh- i am only looking for a long- no- no - no- on a big down day the purpose of the upward step stairs up is just to get to the right fib retracement so we can short it. but this is as i said a little above and i would not do that on a normal day.
Hope it helps- and again- DO NOT trade live unless you are profitable for 3-4 weeks consistently.
Second- ( this is for trader34 ) , I am not teaching you, i am just showing what i do, if you like it you can follow if not just have fun.
Take care and sorry for the crude writing but I AM TIRED :) :) :).
Jane
(TRADERBEAUTY )
 
p.s- here are the direct links for the images :
 
http://imageshack.com/a/img27/3185/qh54.jpg
http://imageshack.com/a/img11/4963/wtwr.jpg
http://imageshack.com/a/img189/6581/khyf.jpg

very strong methodology in entries after observing consolidation and pullbacks in the way of the current trend Jane. Can see how you have been successful in your trading.I also like your short stops and reasonable TP targets that shows your confidence and strong DISCIPLINE in money management. Plus your generosity of helping us develop these same qualities to be successful. You have all the qualities of a top tier trader. Well done and thank you Jane

Hi Gavesto-
When I go in I NEVER use stops that are bigger than 2-3 ticks ( ES mini ); i know it sounds very small for es specifically with the current moves- but as i said- i dont just go in, i wait for a small consolidation and only when the market is stabilized i go in with a very small stop.
I also watch GOM delta volume , gom cd and pbf pressure to make sure i am not on the wrong side.
i would rather lose few times than go in with a big stop just for my ego lol.
regarding profit targets- i usually go for 2 points which i get most of the times, but sometimes i get even more- just look at most of the entries i marked and you will see that i am right.
somtimes i just play around and take few ticks or a point but these are different entries than the ones i marked- these are actually continuation entries that you get on an extended strong trend/ move.
good night
jane

Hi Trader34-
Since i am executing in IB I cannot do what you said.
On another note- this is not a competition, I am not trying to sell you or get anything from you so you dont have to insult me by asking for a proof of something that I share that took me years to develop.
If you still dont believe me then why dont you just REPLAY any day of the last 2 and see if i was right or wrong.

Trader34- Please dont fight about a girl :) i feel great reading all the comments, I did try to trade the CL but it was going so fast as you described that by the time i decided to enter the trade was already done lol.
As I said before- AS LONG as the legs are big enough you can enter just using the renko color change with a 5 ticks stop which is considered nothing for the ES.
Today was a crazy day but following the rules would have netted you a very nice profit even with few losers.
The HUGE and MOST important thing to follow is use your brain and the rules to filter out trades which you know will be losers, and i will continue to teach as long as i see support and interest, i just dont want to waste my or your time.
Thanks
Jane
p.s- very good screenshot - does apex help you to filter anything ?

Hi Trader34
I am trading the ES using renko spectrum 2-1 LIVE in real time.There are few more pointers that I did not explain because this is a step up process that needs to be digested slowly.
Very rarely the ES is flying as you described and that it usually only at the open, rest of the day - meaning before the open or even 15 minutes afterward - the ES is tame, moves slowly and you have all the time in the world to place orders .You could enter using the renko bar color change as an entry. as JDUBBS said and he is perfectly right and that is what i do some time- since the body of the renko is 2 ticks a reversal will happen 4-5 ticks from a top or bottom bar so you can place a buy or sell stop order if you think that its the right entry.
What i really use is a 70 tick chart ( i also watch 144 and 244 but just watch ) on that chart i have acme trend , gomcdha , gom delta which show me what is happening right at this second. so if i want to go long i will make sure that the 70 ticks does not have a huge amount of sellers. i also use a 1-1 renko spectrum just to see the market small formation , but about that i will explain later.
But again to sum up your question- many times i fall asleep watching the es , most of the times its so slow.
Hope it helps
Jane

Hi Longboat- very good question- its hard to set hard rules regarding this issue- if you have a very strong trend up or down then you might go long 10 times- i mean who cares as long as you get the signal lol.
the idea is - on a normal day its just not advisable to go in one direction more than 2-3 times, but as you can see - today many of the moves were very small which indicates not a strong trend,
basically THE RULE IS: AS LONG AS THE DELTA WHICH IS THE DISTANCE BETWEEN THE LAST 2 TOPS/BOTTOMS IS EQUAL OR GREATER THAN 1.272 the trend continues.
same happened with the shorts- they were very weak but we got them just by following the rules.
take care
Jane

First of all i wanted to thank everyone for the nice support.
Today was another very good trading day without any worries where the pivots or volume clusters or symmetry dots or cl levels or any of these hundreds resistance and support levels.
Again- today i am going to stay at the same level as yesterday , still no indicators and no countertrend and no higher level stuff.
http://imageshack.com/scaled/large/543/cymq.jpg
So started early at 8:50 am which is 5:50 my time, i saw that we do have a higher top so when i got that long signal at point 1 i did not hesitate and went long EVEN THOUGH THE BIG PICTURE TOLD US TO CONTINUE SHORTING FROM THE BIG DROP OF THE NIGHT.
point 2- same long with a stop bellow, keep in mind that even though the market tried to generate a lower high it did not succeed and as u can see the long was great.
point 3- same long- look at the delta between tops- meaning trend is strong- no need to measure with any indicators.
point 4- here is the EXPERT TIP i will add now- as you can see point 4 would be a loser- BUT- and this is a HUGE but and you have to pay attention.:
YOU HAVE TO MEASURE THE FIBS EXTENSION BETWEEN THE TOPS- they are actually your best measure for the trend strength. once its 1.272 to the tick which happened here-YOU DO NOT ENTER WITH THE TREND BEFORE a retracement of at least 61.8 , so if you look there - i skipped point 4 long because it did not made the 61.8 and i entered at point 5 which was a great winner.
point 6- same rule but here we had no noise- and it was again a great long.
point 7 ended with a break even.
point 8- VERY IMPORTANT-you would imagine that since point 7 low was broken we would look for a short- basically you would be right but 1 tick is normally nothing- actually if you look we hit a support of point 6 and we got a long entry so take it.1 tick actually is the bet divergence - because all the breakout shorts would bail and reverse while we go long and laugh.
point 9- here i got small legs i just stopped and waited , same with point 10.
point 11- i saw a nice double top with a short reaction so i took it- was a great short.
point 12- same short - watch the nice delta.
point 13- was a little confusing but as i said before- we only broke point 12 by 1 tick so i took this short with a tight stop and it worked perfect.
point X- its the double bottom between 13 and 14 - forgot to mark it- was a perfect double bottom and i took the long, i expected to have a new high so bailed only with 2 points damn lol.
point 14 was a mystry- no idea why where so i stayed out.
same with point Y bottom before 15.
point 15 took a short for 1 tick loss and then for desert took the nice long of point 16.
i will not tell you how many points i made but you can figure it for yourself.
i am just trying to explain that trading the es is great- you have time to think and unlike the cl your stops even though i use market stops are normally very small.
here is the link again ///// http://imageshack.com/scaled/large/543/cymq.jpg /////
Enjoy and hope it helped.
Take care
Jane

http://www.send5pace.com/file/3z6r36

http://www.send5pace.com/file/q6bqpw

Emotional Freedom Techniques (EFT) is a form of counseling intervention that draws on various theories of alternative medicine including acupuncture, neuro-linguistic programming, energy medicine, and Thought Field Therapy. It is best known through Gary Craig's EFT Handbook, published in the late 1990s, and related books and workshops by a variety of teachers. During a typical EFT session, the person will focus on a specific issue while tapping on "end points of the body's energy meridians". This is thought by practitioners to treat a wide variety of physical and psychological disorders, and has the advantage of being a simple, self-administered form of therapy.
 
Trading is mostly related to emotions/feeling. To handle emotions one could easily learn about EFT by themselves.
 
Search Youtube : EFT for Traders
 
Best Wishes.

Have to agree on the efficacy of EFT and it's effective use for various situations and purposes. I have used the very simple and basic tapping exercise for all manner of purposes,like developing an intuitive trading mentality, sports visualisaton, health problems, and anger management. Whenever i had privacy I tapped on the basic energy meridian points with my fingers, but I can tell you that whenever i was in public or wasn't alone I mentally tapped with open eye visualisation and the results were still effective.The important criteria is your emotional output that triggers the energy meridian points as you vocally or mentally declare the proper affirmations.There are tons of EFT vids on Youtube and I urge you to check them out.I will also try to upload an effective practical ebook on EFT.

Here MDD112b_10_11_12 ............. http://www.s***endspace.com/file/f33tds

Here >>>>>> http://www.s()endspace.com/file/du6p2x

Here you go
 
http://www.s€ndspac€.com/file/wq75sv

Hi Gavesto-
When I go in I NEVER use stops that are bigger than 2-3 ticks ( ES mini ); i know it sounds very small for es specifically with the current moves- but as i said- i dont just go in, i wait for a small consolidation and only when the market is stabilized i go in with a very small stop.
I also watch GOM delta volume , gom cd and pbf pressure to make sure i am not on the wrong side.
i would rather lose few times than go in with a big stop just for my ego lol.
regarding profit targets- i usually go for 2 points which i get most of the times, but sometimes i get even more- just look at most of the entries i marked and you will see that i am right.
somtimes i just play around and take few ticks or a point but these are different entries than the ones i marked- these are actually continuation entries that you get on an extended strong trend/ move.
good night
jane

Hello Traders.
So when I woke up this morning and saw the es minus 17 that said everything- "GIVE THE SHORT SIDE A PREFERENCE".
now that does not mean short all the time, apply some sense , but -17 is a very bearish market ( and i dont give a c**p about oversold lol ). as long as we have lower lows and lower highs WE WILL SHORT.
There was so much activity that i needed 3 images and i dont have the energy to explain each entry.i will post them here and then explain a little at the bottom.
http://imageshack.com/scaled/medium/27/qh54.jpg
http://imageshack.com/scaled/medium/11/wtwr.jpg
http://imageshack.com/scaled/medium/189/khyf.jpg
 
I am trying to make it simple - no thinking but the truth is that i do think a lot and i check each leg's location, i check each extension to see if its exactly at a fib; if it is and i get a signal then i will take it countertrend KNOWING that i might have to reverse soon.
On a strong high volume like today IGNORE SMALL LEGS OF 1 OR 2 BARS they are just noise that is trying to confuse you.
Always wait till you get a nice retracement BEFORE you enter.
So lets start- i am not going to mark each entry with a number- just try to follow me. i am starting at 8:30 am - no brain- shorts and shorts and shorts.
you can ask- wait- the retracement at 8 30 was only 2 bars so i should not take it- that is true and u can see that the profit was not much and the next one which was 3 bars was much bigger profit. on the other hand- look HOW WE GOT to this 2 bar retracement- huge and strong move- meaning you should expect a shallow ret.then we had a reversal.
I want to explain something very important about reversals : THEY ALMOST ALWAYS HAPPEN AT THE 0.78 FIB so always watch when you get there.
ONE HUGE IMPORTANT THING- ALWAYS WATCH THE VOLUME ON 1 minute chart- watch for a reversal volume which is much bigger than the previous few bars ( of course not at the open ). today reversal volume worked like a charm.
so the next longs worked beautifully, then we got to the 78 fib of the big leg but lets assume you know nothing about that so u keep longing till 10:11 short followed by few more.
take a look at the great long at 11:17 and 11 24. followed by these great shorts.
The key is- try to ignore noise which usually looks like a reversal bar in the middle of the way- that does not mean to reverse your course-i use a 70 tick chart and i only go in when i see a nice consolidation with a 2 - 3 ticks stop.
There was much more today- but its a little more complicated- for example- i watch the bigger picture- when we hit 1631.5 which was the previous HUGE SUPPORT of almost a week ago- i saw a 15 k volume plus 10 k right after- i got a long signal and i jumped in- so a previous support/ resistance can work and does but not always- you have to watch but be prepared to it.another very important thing i did is- i actually shorted every fib extension because EVEN THOUGH you might have a higher high and higher lows and you would say- oh- i am only looking for a long- no- no - no- on a big down day the purpose of the upward step stairs up is just to get to the right fib retracement so we can short it. but this is as i said a little above and i would not do that on a normal day.
Hope it helps- and again- DO NOT trade live unless you are profitable for 3-4 weeks consistently.
Second- ( this is for trader34 ) , I am not teaching you, i am just showing what i do, if you like it you can follow if not just have fun.
Take care and sorry for the crude writing but I AM TIRED :) :) :).
Jane
(TRADERBEAUTY )
 
p.s- here are the direct links for the images :
 
http://imageshack.com/a/img27/3185/qh54.jpg
http://imageshack.com/a/img11/4963/wtwr.jpg
http://imageshack.com/a/img189/6581/khyf.jpg

Hello Traders.
So when I woke up this morning and saw the es minus 17 that said everything- "GIVE THE SHORT SIDE A PREFERENCE".
now that does not mean short all the time, apply some sense , but -17 is a very bearish market ( and i dont give a c**p about oversold lol ). as long as we have lower lows and lower highs WE WILL SHORT.
There was so much activity that i needed 3 images and i dont have the energy to explain each entry.i will post them here and then explain a little at the bottom.
http://imageshack.com/scaled/medium/27/qh54.jpg
http://imageshack.com/scaled/medium/11/wtwr.jpg
http://imageshack.com/scaled/medium/189/khyf.jpg
 
I am trying to make it simple - no thinking but the truth is that i do think a lot and i check each leg's location, i check each extension to see if its exactly at a fib; if it is and i get a signal then i will take it countertrend KNOWING that i might have to reverse soon.
On a strong high volume like today IGNORE SMALL LEGS OF 1 OR 2 BARS they are just noise that is trying to confuse you.
Always wait till you get a nice retracement BEFORE you enter.
So lets start- i am not going to mark each entry with a number- just try to follow me. i am starting at 8:30 am - no brain- shorts and shorts and shorts.
you can ask- wait- the retracement at 8 30 was only 2 bars so i should not take it- that is true and u can see that the profit was not much and the next one which was 3 bars was much bigger profit. on the other hand- look HOW WE GOT to this 2 bar retracement- huge and strong move- meaning you should expect a shallow ret.then we had a reversal.
I want to explain something very important about reversals : THEY ALMOST ALWAYS HAPPEN AT THE 0.78 FIB so always watch when you get there.
ONE HUGE IMPORTANT THING- ALWAYS WATCH THE VOLUME ON 1 minute chart- watch for a reversal volume which is much bigger than the previous few bars ( of course not at the open ). today reversal volume worked like a charm.
so the next longs worked beautifully, then we got to the 78 fib of the big leg but lets assume you know nothing about that so u keep longing till 10:11 short followed by few more.
take a look at the great long at 11:17 and 11 24. followed by these great shorts.
The key is- try to ignore noise which usually looks like a reversal bar in the middle of the way- that does not mean to reverse your course-i use a 70 tick chart and i only go in when i see a nice consolidation with a 2 - 3 ticks stop.
There was much more today- but its a little more complicated- for example- i watch the bigger picture- when we hit 1631.5 which was the previous HUGE SUPPORT of almost a week ago- i saw a 15 k volume plus 10 k right after- i got a long signal and i jumped in- so a previous support/ resistance can work and does but not always- you have to watch but be prepared to it.another very important thing i did is- i actually shorted every fib extension because EVEN THOUGH you might have a higher high and higher lows and you would say- oh- i am only looking for a long- no- no - no- on a big down day the purpose of the upward step stairs up is just to get to the right fib retracement so we can short it. but this is as i said a little above and i would not do that on a normal day.
Hope it helps- and again- DO NOT trade live unless you are profitable for 3-4 weeks consistently.
Second- ( this is for trader34 ) , I am not teaching you, i am just showing what i do, if you like it you can follow if not just have fun.
Take care and sorry for the crude writing but I AM TIRED :) :) :).
Jane
(TRADERBEAUTY )
 
p.s- here are the direct links for the images :
 
http://imageshack.com/a/img27/3185/qh54.jpg
http://imageshack.com/a/img11/4963/wtwr.jpg
http://imageshack.com/a/img189/6581/khyf.jpg

http://www.send5pace.com/file/j64bnx