Traderbeauty

Just wanted to mention one more fact-
you will make much more going WITH the legs direction than AGAINST.
Let me explain.
Lets say that we have a classic situation of higher highs and higher lows and no complications for now.
Lets assume that the trend upward is not strong and you got a signal at the 1.272 extension to go short- you can easily do that if you want to make the extra points BUT... you are raising your risk because the normally the most you can get ( on a classic case ) is back to the 61.8 retracement where you need to go long again. The problem is that the market might continue up from the 38 fib - which happens a lot of times leaving you hurt and pissed lol.
On the other hand going long from the 61.8 is going to give you much more because normally the target is 1.272 extension or more.
Most of the moves you get 1,6 or 1.9 and in extreme case even 2.6 which cannot even be compared to what you would make on trying to short.
This is just a general observation and only my humble opinion.
Another very important observation is that you should give much more weight to the current legs and much less to the history ( as per fib extension) ; even if you have a cluster .
There were so many times when i saw a confluence of extensions and symmetry and old resistance and i could swear that the market will go down from there- and guess what-... it just kept going upward lol.
The only extension that might change the direction of the market or at least SIGNAL us about a potential direction change is a FIB DIVERGENCE- which is anything LESS than 1.272.
For example- a 1.112 will most likely take us down to a .886 retracement ( which is also almost always equal to a symmetry to the tick ) but that also means that the trend is weak now, it DOES NOT mean that the direction has changes and in this case you should still go long if you get a signal at that location.
The only one that normally is causing a change of direction and i dare to say 80% of the times is when the market goes only 1 tick above ( bellow for a down) the previous high and then starts to go down.
This is the strongest reversal signal ( again in my humble opinion ...) and its even stronger than a double top, because all the breakout traders that went long on that breakout upward will try to bail out causing a very strong down continuation.
Hope it helps
Trderbeauty-Jane

I will vouch for this indicator.
There are many indicators being shared here, I do test a lot of them.
Most of the indicators are being calculated based on the history which is not good.
Just think- the fact that the market was going up / (down ) for the last 14 bars does not mean that it will continue upward, the probability is there and many times when there is a strong trend/ move it will continue ; but can we make money consistently using lagging indicators ? most likely NO.
I will not say - "The only way" because this is kind of extreme but I would dare say that imho reading the MOVES in the market is a good way to consistently win.
The simplest example is shorting on an up move right at the 1.272 or the 1.618 ; or going long on an up moving market at the 61.8 or 78.2 or 50 etc - retracement.
It sounds very simple and easy- but its definitely NOT so.
Many times it is but in many others we have a conflict between the big picture and the smaller one which complicates things.
I will not get into that right now but the most important issue is TO KNOW with a high certainty what should happen next.
Once you know then all you have to do is wait for a signal.
Now lets ask ourselves- WHAT IS A SIGNAL ? ; i use for example either the asc trend ona 70 tick chart but only when i am almost 100% sure , if not then i will wait for a renko signal and then enter.
I always look for SUPPORTIVE EVIDENCE, which is for example a REVERSAL VOLUME SPIKE on a 1 minute chart,the ideal is a divergence on the volume.
I tried to use many volume charts from different indicators with no success or lets say consistent success.
Once i found this PV Delta - i think i found something which is very very good and reliable.
But again- you cannot trade just using this indicator, on a strong move it will give you false entries and a million of them, this is only a tool and as i explained before- its purpose is only to support an idea that you have, so for example- if you reached the 1.272 and you get divergences from bar to bar and you get an entry signal then TAKE IT, but not before.
The beauty of this indicator is that it provides divergence from BAR TO BAR without the need of a double top or a higher high (lower / low ) to generate a divergence in the normal way.
BOTTOM LINE- i highly recommend this indicator as long as you wait for a confirmation.
I wanted to post some screen shots but had a problem with my ninja and could not do a replay - no idea why it wont d/l the relay data. but if you are interested with some images then let me know just by clicking the thanks button and i will put them tomorrow with live data.
Take care and hope it helps.
 
Traderbeauty JANE

This indicator is very interesting.
Its very hard to find leading indicators but so far this one seems very very good.
I applied it to a 1 and 2 tick renko spectrum chart , let it run overnight and looking now at the results-
It seems too good to be true but i know it does not repaint.
The unique thing is that it gives you an early alert even on an upward bars without a need for two tops or bottoms to generate a divergence.
It actually gives you a divergence based on volume which is the best possible.
The question is how well will it act on a strong market and not just overnight (ES ).
going to do a replay and post later.
Bottom line- use the alerts but then go in only on a fib level- either extension or retracement.
Traderbeauty- Jane

Yeah Jane it's been like this for a couple weeks now. Most of the functionality has been reduced. Can really get frustrating. Hope the admin/mods can return threads/postings to full functionality .

Just wanted to mention one more fact-
you will make much more going WITH the legs direction than AGAINST.
Let me explain.
Lets say that we have a classic situation of higher highs and higher lows and no complications for now.
Lets assume that the trend upward is not strong and you got a signal at the 1.272 extension to go short- you can easily do that if you want to make the extra points BUT... you are raising your risk because the normally the most you can get ( on a classic case ) is back to the 61.8 retracement where you need to go long again. The problem is that the market might continue up from the 38 fib - which happens a lot of times leaving you hurt and pissed lol.
On the other hand going long from the 61.8 is going to give you much more because normally the target is 1.272 extension or more.
Most of the moves you get 1,6 or 1.9 and in extreme case even 2.6 which cannot even be compared to what you would make on trying to short.
This is just a general observation and only my humble opinion.
Another very important observation is that you should give much more weight to the current legs and much less to the history ( as per fib extension) ; even if you have a cluster .
There were so many times when i saw a confluence of extensions and symmetry and old resistance and i could swear that the market will go down from there- and guess what-... it just kept going upward lol.
The only extension that might change the direction of the market or at least SIGNAL us about a potential direction change is a FIB DIVERGENCE- which is anything LESS than 1.272.
For example- a 1.112 will most likely take us down to a .886 retracement ( which is also almost always equal to a symmetry to the tick ) but that also means that the trend is weak now, it DOES NOT mean that the direction has changes and in this case you should still go long if you get a signal at that location.
The only one that normally is causing a change of direction and i dare to say 80% of the times is when the market goes only 1 tick above ( bellow for a down) the previous high and then starts to go down.
This is the strongest reversal signal ( again in my humble opinion ...) and its even stronger than a double top, because all the breakout traders that went long on that breakout upward will try to bail out causing a very strong down continuation.
Hope it helps
Trderbeauty-Jane

WOW Cash.
Thanks so much, will try it and report my findings.
One big fault of Jay cluster ( forgot to mention ) is that it only shows extensions and not retracements- meaning- using that- you will always try to go against the market and not with the current legs.
In a strong trend/ move- you will get crushed, that is imho- the problems with these automatic indicators.
Thanks
Traderbeauty-Jane

WOW Cash.
Thanks so much, will try it and report my findings.
One big fault of Jay cluster ( forgot to mention ) is that it only shows extensions and not retracements- meaning- using that- you will always try to go against the market and not with the current legs.
In a strong trend/ move- you will get crushed, that is imho- the problems with these automatic indicators.
Thanks
Traderbeauty-Jane

WOW Cash.
Thanks so much, will try it and report my findings.
One big fault of Jay cluster ( forgot to mention ) is that it only shows extensions and not retracements- meaning- using that- you will always try to go against the market and not with the current legs.
In a strong trend/ move- you will get crushed, that is imho- the problems with these automatic indicators.
Thanks
Traderbeauty-Jane

@Jane
Hi Jane.You poor thing! So sorry to hear about your near crash of NT/PC. No doubt, those sort of things can be worrisome.
Yes most of Jason Wireman's indicators can be very resource heavy. My take on the indicator comparison is that Dynamic Fibonacci Extensions is less cpu intensive and has configurability advantages that only, as we so fondly call you,a Fib Queen can love.
It still catches overlapping Fib ext points which is the main aim of Jaycluster,so essentially the customization and high configurability options weigh in favor of FibX IMO. Here are some resource guides that you might find helpful.
 
CDA_DFibX-LICENSE-AGREEMENT-AND-RELEASE-NOTES.pdf
0.12 Mb
http://limelinx.com/fq3yi
 
JAYCLUSTERMETHODOLOGY.pdf
1.78 Mb
http://limelinx.com/gcoa
 
Cheers Jane.

I will vouch for this indicator.
There are many indicators being shared here, I do test a lot of them.
Most of the indicators are being calculated based on the history which is not good.
Just think- the fact that the market was going up / (down ) for the last 14 bars does not mean that it will continue upward, the probability is there and many times when there is a strong trend/ move it will continue ; but can we make money consistently using lagging indicators ? most likely NO.
I will not say - "The only way" because this is kind of extreme but I would dare say that imho reading the MOVES in the market is a good way to consistently win.
The simplest example is shorting on an up move right at the 1.272 or the 1.618 ; or going long on an up moving market at the 61.8 or 78.2 or 50 etc - retracement.
It sounds very simple and easy- but its definitely NOT so.
Many times it is but in many others we have a conflict between the big picture and the smaller one which complicates things.
I will not get into that right now but the most important issue is TO KNOW with a high certainty what should happen next.
Once you know then all you have to do is wait for a signal.
Now lets ask ourselves- WHAT IS A SIGNAL ? ; i use for example either the asc trend ona 70 tick chart but only when i am almost 100% sure , if not then i will wait for a renko signal and then enter.
I always look for SUPPORTIVE EVIDENCE, which is for example a REVERSAL VOLUME SPIKE on a 1 minute chart,the ideal is a divergence on the volume.
I tried to use many volume charts from different indicators with no success or lets say consistent success.
Once i found this PV Delta - i think i found something which is very very good and reliable.
But again- you cannot trade just using this indicator, on a strong move it will give you false entries and a million of them, this is only a tool and as i explained before- its purpose is only to support an idea that you have, so for example- if you reached the 1.272 and you get divergences from bar to bar and you get an entry signal then TAKE IT, but not before.
The beauty of this indicator is that it provides divergence from BAR TO BAR without the need of a double top or a higher high (lower / low ) to generate a divergence in the normal way.
BOTTOM LINE- i highly recommend this indicator as long as you wait for a confirmation.
I wanted to post some screen shots but had a problem with my ninja and could not do a replay - no idea why it wont d/l the relay data. but if you are interested with some images then let me know just by clicking the thanks button and i will put them tomorrow with live data.
Take care and hope it helps.
 
Traderbeauty JANE

@mastertrader7 the indicator is Dynamic Fibonacci Extensions and the vendor is CDA.
http://anonym.to/http://www.criticaldata.com/
They have 14 day Trials for all their indicators.

I will vouch for this indicator.
There are many indicators being shared here, I do test a lot of them.
Most of the indicators are being calculated based on the history which is not good.
Just think- the fact that the market was going up / (down ) for the last 14 bars does not mean that it will continue upward, the probability is there and many times when there is a strong trend/ move it will continue ; but can we make money consistently using lagging indicators ? most likely NO.
I will not say - "The only way" because this is kind of extreme but I would dare say that imho reading the MOVES in the market is a good way to consistently win.
The simplest example is shorting on an up move right at the 1.272 or the 1.618 ; or going long on an up moving market at the 61.8 or 78.2 or 50 etc - retracement.
It sounds very simple and easy- but its definitely NOT so.
Many times it is but in many others we have a conflict between the big picture and the smaller one which complicates things.
I will not get into that right now but the most important issue is TO KNOW with a high certainty what should happen next.
Once you know then all you have to do is wait for a signal.
Now lets ask ourselves- WHAT IS A SIGNAL ? ; i use for example either the asc trend ona 70 tick chart but only when i am almost 100% sure , if not then i will wait for a renko signal and then enter.
I always look for SUPPORTIVE EVIDENCE, which is for example a REVERSAL VOLUME SPIKE on a 1 minute chart,the ideal is a divergence on the volume.
I tried to use many volume charts from different indicators with no success or lets say consistent success.
Once i found this PV Delta - i think i found something which is very very good and reliable.
But again- you cannot trade just using this indicator, on a strong move it will give you false entries and a million of them, this is only a tool and as i explained before- its purpose is only to support an idea that you have, so for example- if you reached the 1.272 and you get divergences from bar to bar and you get an entry signal then TAKE IT, but not before.
The beauty of this indicator is that it provides divergence from BAR TO BAR without the need of a double top or a higher high (lower / low ) to generate a divergence in the normal way.
BOTTOM LINE- i highly recommend this indicator as long as you wait for a confirmation.
I wanted to post some screen shots but had a problem with my ninja and could not do a replay - no idea why it wont d/l the relay data. but if you are interested with some images then let me know just by clicking the thanks button and i will put them tomorrow with live data.
Take care and hope it helps.
 
Traderbeauty JANE

patched.
https://anonfiles.com/file/b23363e6c9c52971eb847da4bbe7114f
pass: indo-investasi.com

try from here
https://uo134.infusionsoft.com/product.html?code=e9f75a&inf_contact_key=b73f3a8ee750fd6f2555de4e4238da138b2ec0c67cbd5d64cfd8950448796cce

try this
sendspace.com/file/bfl5gm

As i said before every system or indicator has many signals, the trick and the way to make money safely is to filter the bad ones.
This is friday's trading:
http://imageshack.com/scaled/large/62/nnim.jpg
now lets talk about rules and then check to see if we filtered most of the bad entries.
1)- Always go with the direction of the legs.
2)- must have a delta between the 2 bottom/ tops of at least 1.272 fib ( use your F8 tool and please dont ask me how lol ). Again- this is crucial- if we dont have at least 1.272 distance DO NOT GO IN.
3)- unless the market is telling you and signaling that the direction has changed -KEEP GOING in the same direction, many times even with renko the market will not go straight but with smaller zigzags - that does not mean change of direction.
4)- The stronger the trend is - the smaller the retracements are going to be, so unless we are in an insane strong move with huge volume per minute ( 10k and more on the es ) DO NOT fall into a trap and wait for a nice retracement of at least few renko bars BEFORE you enter.I actually enter only when the market hits a fib level or a symmetry retracement but you really dont have to go there.
5)- if the legs are small - DO NOT TRADE- you will lose .
6)- This is advanced- go countertrend if you get a double bottom/ top and see what heppens with a tight stop- you never know it can take bring you many times many points.
 
So now lets check friday and go leg by leg.
1- actually i missed the entry before number 1 but it was before i woke up so i didnt include that- but you can clearly see that point zero and point 1 are basically the same- we broke all previous supports BY MORE THAN 2 ticks THIS IS VERY IMPORTANT. we had 3 and 4 bars retracement so we enter short when we get the renko signal.
 
2- same as 0 and 1
3- do nothing
3+ - i missed an arrow- the bottom between 3 and 4 around 9 40 am- as you can see - point 3 broke point 2 top by 2 ticks which is enough so once we get a buy signal at 9 40 we take it expecting a new high- actually we expect at least 1.272 fib extension- if we dont get it then something is wrong with the trend because this is our target nothing less :).
point 3++ its the top around 9 52- if you look carefully- we had one red bar which we do nothing and then a green ones- if you trade the system with no rules you would have taken that long and lose-but look at rules 4 and 5- WE NEED a nice retracement of at least few bars so we skip this trap DOING NOTHING till we hit point 4
4- going long- expecting a new high but getting only 1 point before it takes us out. then doing nothing.
5-we have a new low so we are expecting to go short which we did not get, instead we got a new high.
6- its a be or a small loser UNLESS you are more careful and wait for a bigger retracement which we got at point 8.
7- do nothing- these are very small legs- do nothing stay away.
8- going long- we did not break any previous low so its all clear to go up.
9- long again.
10- long again.
10+ and 10++ 2 very small legs- STAY OUT do not trade with legs that are 2 bars long. ( see above rules- i am not making it up as we go lol ).
11- we broke previous low by more than 1 tick so we take a short.
12 or 13 are losers- i would not take 12 because its too short but once we get 13 you should have taken that short -BUT- if you listen to rule 4 and 5 you would not take then they are too small, lets make it clear- if you took 12 and lost then stay out and do not take 13 because now we have very small legs.
14 we broke the previous high by more than a tick so we take the next long- ( not marked ) and we lose.
16 is clear as a whistle- go short.
17 is a very small loser- i actually shorted at 18 because it was an exactly 0.38 fib of the leg so i waited for that beore i shorted but i am trying to make it simple for you.
18- this is a tough one to explain- a little more advance- when we look back we see a strong move with a HUGE delta between the two bottoms, that means we have a strong trend. when we got to 18 we only broke 17 by ONE TICK only which is NOT A BREAK so we DO NOT have a new high meaning GO SHORT on 18 if you get the signal.
19- go short- no break of previous high.
20 - NO SHORT- and you will ask WHY NOT ? you should know by now- look at rule 2, then measure the distance between the 2 bottom and you will see that its 1 tick LESS than 1.272, i am not going to go deep why or how- but i just ask you to follow the rules meaning- no 1.272 - no short which kept us safe.
NOW- TRADER34- I DID NOT take all these trades but you can easily replay them on your ninja , will only take you few minutes and let me know if you EVER found a system so simple, so accurate, so easy to operate and with so little losers which are much smaller compared to the gain, if you did please let me know because i will drop everything i do and i will follow you.
To sum up- we had 10 winners and maybe 2 small losers in 6 hours.
Again if I see enough interest i will continue with more chapters and more variations.
DO NOT trade live unless you tested paper for few weeks.
Would love to hear about any improvements or ideas to make it better- ( please do not hesitate to correct or suggest ideas, its for my benefit also )
I forgot to mention- DO NOT go in the same direction more than 2-3 times UNLESS you have a large enough delta.
Would love to hear any suggestions for an early entry using any indicators that you can think about , please this is a mutual discussion for all of us.
Thanks for your support and PLEASE PLEASE- let me know what you think.
Jane

Hello all traders.
I got a huge amount of pms and emails and posts asking me to continue posting ( many offered to pay me and I am honored by that ) and decided to continue doing so, I dont want to let one rotten apple ruin the entire batch.
Trader34- if you dont have something positive to say then dont say it just go and post somewhere else.
I dont have time now for the whole picture , got to go somewhere but will do that later today.
Before I go I just want to explain why this method is so good and guaranteed to succeed no matter what, when and on any market.
 
As you all know markets are going up or down, this can be done in 2 ways- one is a straight move which happens but usually an up or down move is consisted of series of zigzags which if we can identify we can take advantage and go in with almost no risk.
I was thinking over and over how to portray this subject without complicating so it can be traded by anyone without thinking ; just plain hard rules.
That is not easy because I actually watch almost every leg small or big and try to discern why is the market turning from here, once I know why- then i know where it should go.
A simple example is- if we have a big leg ( lets say 15 points of an up move ) and i see on the big picture ( renko 7-1 ) that it reacted and STARTED to reverse exactly at 1.272 fib extension then I KNOW that it will go down most likely to 0.618 retracement at least which is almost 6 points. This is a valuable info that allows me to enter with hardly any risk and with the knowledge of an EXACT MAP.
You can use this method on any time frame BUT... when you go to 60 or 240 minutes the levels are getting blurred and its very hard to decide in real time where a leg ends and what is the direction.
Your stops will be much bigger but as i said it can be done, just know that you gonna pay dearly for a mistake.
WE can do that on a 1 tick renko but the market is not always clear and straight so I DO NOT recommend it although your stops will be smaller.
Remember- the smaller your time frame - the smaller your stops are going to be and you will also have more trades which translates to more action and more profits.
After a lot of research I decided to use the 2 tick renko.Its not that choppy but its the happy medium at least for me.
Basically I did not invent anything, any trading book will tell you buy on an up stair step and viceversa.
The problem as with ANY system or indicator or method is that you have a lot of good trades but then you also have a huge amount of losers that if you take them you end either breakeven or at a loss.
I created this method filtration in a LEADING way and not by using lagging indicators.
If you follow the simple rules that i will explain later today :
YOU SHOULD HAVE AT LEAST 90% SUCCESS ( ACTUALLY EVEN MORE).
Trading the ES is usually slow and relaxed unlike the CL, stops are normally 2 ticks or 3 the most. Sometimes its true what trader34 said about market that is going too fast to execute, but I even solved this problem and many times i trade through a report . If the market moves too fast and you cannot get a decent entry then just skip it and wait for it to slow down which always happens with the ES.
THE SECRET IS........( and you will not find it in any book or seminar or course )
USE A TICK CHART -preferred a fast one to look inside the renko. you can use a 70 or 144 or 244 and then go in ONLY after the market is CONSOLIDATING and creating a resistance or support on that tick chart.Once you see the direction, and you know WHERE you are going then look for these miniature entries and go in with 2 ticks stop or if you feel braver 3 but no more.
If you dont believe me just replay ANY day and see for yourself.
Trading is not easy its very hard, there are no magic indicators or systems that will make you money guaranteed and if you believe that you might as well get an appointment with Santa Claus also :).
Every trade is unique and needs thinking ,the market can turn direction on a dime without any reason, but as long as we can follow it then who cares why.
NEVER be 100% sure where the market is going- meaning- DO NOT try to force the market to do what YOU THINK - it will laugh in your face, just be humble and follow the market no matter what its whims are.You have no idea how many times I saw a PERFECT confluence for example long potential. EVEN yesterda big picture- the market was going down form a big 1.272 so I know that it SHOULD stop and go up at a 61.8 or 78.2 retracement.It broke the 61.8 like a knife so I said to myself- oh well- look at the 78 fib- it was a big 78, and also a symmetry AND a previous support, you cannot get better than that . Market got there- started to react and CONTINUED down laughing at my face.I only lost 2 ticks because i was very careful but this is a great example of WHAT I SAID BEFORE.
Will post later with final rules.
Take care and Thanks for all the support.
JANE.

Very good farahz
you really got it, but again - many times the market will try to trick you, so always be with your finger on the mouse ready to bail.
regarding entries- its very hard to tell, when i am very sure about the entry- for example- when the legs are small and there is no time to wait for renko- i just enter when i see a clear consolidation on my 70 tick chart as long as i am right at the correct fib level.
if the leg is large then i will wait for the renko but then again will watch the 70 ticks for consolidation entry.
Jane

Hi FAWAZ
Yes- you image and example is perfect- as you can see- the fib extension between the last 2 lows is 1.272 or higher which tells us that we can continue shorting ,now lest see what happened---
Assuming we shorted, the market made a double bottom which is signalling us to exit at be and not wait for miracles.
But- and here is the more advanced continuation to this scenario that happens all the time.
You could say- hey- i have a double bottom and a higher high so i should GO LONG ? and the answer is NO.
If you notice- that last high around 7 went only 1 tick above previous high which means that the direction is still DOWN and when you get the short signal just take it and measure again - your target now is at least 1.272 downward from the last pivot.
Hope it helps , keep asking, no problems. its all just brain games :).
Traderbeauty-Jane

WCICOM-
You are absolutely correct with most of the facts you wrote.But lest break it down piece by piece.
First of all- If you really read my posts carefully and spend more time analyzing and understanding the method you will understand that I AM NOT A SCALPER.Some of the entries are ending with either breakeven or a point, but most of them can be 4-7 points easily.The only reason why is because most of the time i can predict the minimum target which normally is at least 1.272 , and if i took it from a 78 fib on a nice size leg then i can get some nice target, all i do is once i get in a trail my stop just above or bellow the previous resistance/support.Some times- the picture is not clear so i either get what i can or just stay on the sideline.
Second-ALL MY ENTRIES ARE LIMIT, NO EXCEPTIONS. - my stops are stop loss not a stop limit but because of liquidity i almost always get filled at the loss price and not more, in rare situations when there is a spike i can be stopped with an extra tick.
The reason why most traders lose is not because they are not smart or experience, its just because they use the wrong method, I do believe that my method of reading the market moves is the best because it will keep you in the right direction and will alert you in real time with no lag of any trend change, so i dont have to wait for a delayed ma no matter how good it is.
I do believe that for beginners the ES is the best, stops are small, and moves are slow so you have time to decide and execute.
And here are the latest news: I dont want you to think i am a ****** stubborn a** so I actually backtested the CL last nigth and TRADED THE CL today :) YES :).
The results were incredible lol ( please dont hold it against me :) ). I have been using the same method and made 647$ trading one contract with stops no more than 5 ticks.
I was using a 15-1 renko spectrum for the bigger picture and 7-1 for the mid one.
My actual trading and entries are 2-1 and 1-1 .
All i was using was annbetter volume overlay and and volume up/down indicators.
I was also measuring the volume on a 1 minute so i dont get caught in a volume that is higher than 1000 lots per minute which is too dangerous to my taste.
I was also using ( please dont laugh-) a 3 tick chart so i can see support and resistance.
All my entries were LIMIT and stops were stop loss.
Today the ES really sucked and did not move much later in the day.
Most of my CL targets were 10-20 ticks and again- once i got more than 5 ticks i lowered my stops.Amazingly the fib method is working on the CL BUT NOT on the 2-1 which is too small for that, it works perfect on the 15-1 and 7-1.
If enough people will show interest ; I can post a CL trading day using only 2 indicators ( the ones i told you ); I really would appreciate if someone can recommend some other indicators - leading ones that you think could be useful.
Thanks for all your constructive ideas.
Have a wonderful weekend all.
Traderbeauty-Jane

Hi FAWAZ
Yes- you image and example is perfect- as you can see- the fib extension between the last 2 lows is 1.272 or higher which tells us that we can continue shorting ,now lest see what happened---
Assuming we shorted, the market made a double bottom which is signalling us to exit at be and not wait for miracles.
But- and here is the more advanced continuation to this scenario that happens all the time.
You could say- hey- i have a double bottom and a higher high so i should GO LONG ? and the answer is NO.
If you notice- that last high around 7 went only 1 tick above previous high which means that the direction is still DOWN and when you get the short signal just take it and measure again - your target now is at least 1.272 downward from the last pivot.
Hope it helps , keep asking, no problems. its all just brain games :).
Traderbeauty-Jane

going to post the entire friday analysis as a new post- the reason why is because i want traders to understand that although i called it a scalper- its actually NOT- this is a way of trading.

on a down market for example- lets say you have a low pivot, then the market goes up and continues down without breaking the previous high, this time you expect it to make a lower low which should be equal or more than 1.272 fib extension, if you did not get that or if the market only broke the previous low by one tick that means that the trend is slowing down and its dangerous to short now.
very simple.
same for a long.

Hi FAWAZ
Yes- you image and example is perfect- as you can see- the fib extension between the last 2 lows is 1.272 or higher which tells us that we can continue shorting ,now lest see what happened---
Assuming we shorted, the market made a double bottom which is signalling us to exit at be and not wait for miracles.
But- and here is the more advanced continuation to this scenario that happens all the time.
You could say- hey- i have a double bottom and a higher high so i should GO LONG ? and the answer is NO.
If you notice- that last high around 7 went only 1 tick above previous high which means that the direction is still DOWN and when you get the short signal just take it and measure again - your target now is at least 1.272 downward from the last pivot.
Hope it helps , keep asking, no problems. its all just brain games :).
Traderbeauty-Jane

on a down market for example- lets say you have a low pivot, then the market goes up and continues down without breaking the previous high, this time you expect it to make a lower low which should be equal or more than 1.272 fib extension, if you did not get that or if the market only broke the previous low by one tick that means that the trend is slowing down and its dangerous to short now.
very simple.
same for a long.