TwilightD

This is what I got. To import to NT8 follow instructions posted on this thread.

 

https://www.sendspace.com/file/iyyfy4

Thanks for uploading but the link is dead. Please re upload if possible.

 

https://ufile.io/v7pd99u2 - for n8 , not the ;latest

Thanks for sharing but the link is dead. Please reupload if possible.

RIP David Weis. My condolences to his family. Very humble and knowledgeable person. Will miss him always.

Regards

Hello,

Can somebody post this please?

https://futures.io/download/vip_elite_circle/1785-download.html?view

Regards

For me, and this is me, (take it for you will) I have, after trying and even writing dozen of EA's and doing thousands of strategies here and there, the thing I NEVER learned over the hopeful years was that A: There is no "holy grail" strategy or EA that will have 100 percent wins and no losses or even close. This is fantasy. There is no EA or strategy that will have you rolling in constant bliss as the money keep coming in. It doesn't happen. Sorry.

And, most important..: A particular strategy works off the concept of having an 'edge'. In other words, the ability to return, over the LONG run, a profit.

You've probably heard before that casinos stay in business and make a handsome profit over the long run with just a meager 4% edge? Yes! They give away 96 damn percent of all intake as wins to the gamblers!

Trading is the same way. You find a strategy with an edge (There are TONS OF THEM ON THIS VERY WEBSITE YOU ARE READING) and

LET THE STRATEGY WORK IT'S EDGE for you.

How many of you find this new promising strategy and trade with it, all hopeful like, then get a bad string of trades and get frustrated and toss it in the bin? Huh? You have. I have. We ALL have.

How many of you get a strategy and get a few losing trades and then start trying to "improve" it without even backtesting the krap out of your modification idea? ME?<---Guilty as charged.

Instead of a strategy working it's edge, how many of us "average in" on our losing trades, take smaller profits because we think we might lose money on the set trading plan with a particular trade?

Did you know that if you do these things, you no longer have an edge. All you have is a trader throwing away money to emotion, greed, and lack of patience and ignorance on how the science of the math of edges works.

Guys, find a strategy. STICK TO THE DAMN RULES, and let it play out for the long term. You will thank me later.

=)

True. But believe majority or new traders wont listen to this advice. They keep jumping from one to another strategy instead of understanding one strategy.

@tx42

 

Hi there mate. No, I don´t know of any book, I think there isn't. You have to study the charts and check the TPO chart for that period you are studying to see where the price was in relation to value area, etc... It is gonna be your own personal exploration.

 

I think you are gonna shoot yourself in the foot if you start getting paranoid about going deep into the reasons behind the price movements other than coming to logical conclusions via price action and volume, you don't need anything else. As Tom Williams used to say, we are not interested in the "whys" and "wherefores" of price movement, we don't care. It is just information overload anything more than the high, low, close and volume info. It is not gonna give you any edge, it is gonna make your brain get tired faster. I really don't know why people wanna trade staring at a DOM with all those numbers flashing and changing and picturing a chart in their heads, if they have a freaking charting software in front of them... I almost get a seizure doing that lol... If you wanna focus on the order flow then study the footprint chart, there you have the trades that ACTUALLY HAPPENED, in the DOM those are just potential orders that can be deleted any time, called spoofing.

 

The only thing you need to know is recognizing the smart money activity, the reasons do not matter, if they started buying is because they thought it was a good price to buy, if they started to sell it was because they had a decent profit already, also do not matter... You just wanna follow their steps.

Excellent. Thanks for sharing

Read "Master The Markets" by Tom Williams, "Trades About To Happen" by David Weis, watch Dr. Gary Courses (which is an amalgamation of the books mentioned) that you will learn how read the chart properly then using the HLC bars, volume and structure, there is nothing more to it. Understand the concept of the climactic action which is the main trap people fall for, strength comes in down bars of very high volume (usually bad news in media) and weakness comes in up bars with high volume (usually with good news in media). The springs/upthrusts and shakeouts are traps too, you gotta learn how to identify those. When you jump the gun you get trapped, don't bite the bait. You have to practice and master to pull the trigger at the low volume tests of those high volume bars (which are the anchor points of support and resistance lines) You know that when price touch those levels with low volume, it cannot keep going if in a previous touch it had more volume and bounced, there is no logic. If price breaks you also know it is suspicious, probably a trap, then it reverses closing firm forming a spring or upthrust. This is all chart reading skill, practice.

 

If had to add one more book would be "The Secret Science of Price and Volume" by Tim Ord.

 

Seriously, only after reading those books I finally understood what was going on and was able to read the charts properly.

You have explained beautifully the concepts. I agree with you. I am also trading these concepts since many years. Just would like to add one thing that its a good habit to reread the books daily atleast few pages.

Regards

@John44,

 

There are a lot of weis wave indicator on forexfactory. Could you tell which one is like the original used by Dr Gary or David Weis please? At least parameters for the one you are using?

 

Thanks a lot!

Original one is available on this wonderful site. Search it please. Parameters are used as per the price of instrument selected. For small instrument like 100 point, one needs to select 0.1 to 0.3 retrace and for larger instruments its a little bit of larger.

Hi Windo

Thanks for sharing- can you please briefly explain what are these numbers ?I do have this indicator but dont understand what they mean.

Thanks in advance.

Jane

Please read my above post.

I know its a very late reply to this but if you are still interested than please ask once more. I will explain in detail here. I am using this for last 8 years plus. So understand it very well.

Regards

Its available on this wonderful site. Try to search it.

Regards

Not zigzag strategy. Zigzag is used to plot or calculate the swings but its main strategy is based on volume calculation in the form of waves instead of watching volumes in per bar form.

Regards

Its definintely possible to add two waves but both should be from data series. If you select data series as Ticks and you can add waves as per your choice but in ticks and vice versa. Hope it helps. I am talking about NT.

Regards