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Traderbeauty got a reaction from ⭐ daytradez in JTMAI ES Scalper V1.1 no indicators
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
-
Traderbeauty got a reaction from votehyipcom in JTMAI ES Scalper V1.1 no indicators
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
-
Traderbeauty got a reaction from groman in JTMAI ES Scalper V1.1 no indicators
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
-
Traderbeauty got a reaction from ⭐ daytradez in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from ciardim in JTMAI ES Scalper V1.1 no indicators
I decided to continue posting- just go to the ninja trader forum to see the continuation.
http://indo-investasi.com/showthread.php/22713-JTMAI-ES-Scalper-V1-1-no-indicators
Take care and thanks for your support.
Jane
-
Traderbeauty got a reaction from mastertrader7 in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from ⭐ daytradez in JTMAI ES Scalper V1.1 no indicators
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
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Traderbeauty reacted to futuretrader in Please educate fibonacci zones
free cs version:
http://www.send5pace.com/file/m36qrz
-
Traderbeauty got a reaction from votehyipcom in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from CW2 in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from Kit in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from groman in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from Livermore in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from ⭐ alazif in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from FXX in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from RandomTask in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from iksak in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from longboat in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from Swordfih in JTMAI ES Scalper V1.1 no indicators
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.
-
Traderbeauty got a reaction from ⭐ elishar in JTMAI ES Scalper V1.1 no indicators
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
-
Traderbeauty got a reaction from ⭐ nadjib in JTMAI ES Scalper V1.1 no indicators
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
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Traderbeauty got a reaction from ⭐ daytradez in JTMAI ES Scalper V1.1 no indicators
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
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Traderbeauty reacted to futuretrader in Need Someone To Convert These Indicators to MT4
NT version:http://www.send5pace.com/file/i0mkdb