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avdst

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Posts posted by avdst

  1. To quote Mark Twain, "The report of my death was an exaggeration."

    Though I have not been succesful in trading, but being following you and couple of others in the forum and always had a high respect to you. This answer by you, shows your maturity and forgiveness to the member. More respects to you and wish you a long and happy life

  2. avdst

     

    I have been on this road for 4 years already, blown 3 accounts, I have read practically 90% I think of all books on trading ever published and probably watched almost all relevant courses. I tell I wish I had learned about the median lines way earlier instead of ditching them, I thought it was just a fancy trendline and channel, but actually is a way better when you learn it's origins and the proper way to use it. There is one webinar by Tim Morge (don't remember the name now, but watch all Tim Morge previously recorded webinars at interactive brokers site) where the demonstrates how you can't find the path (or frequency) of the market by trying to draw channels the wrong way (like most people do and I used to do it also, and lost money).

     

    I recommend you having a serious look at it.

     

    A canadian mathematician called George Marechal did a 15 years forecast of the Dow Jones (back on the old days, the 30's) with extreme accuracy. No one knows how he did it, he was a friend of Babson and Andews and it is suspected that Andrews developed his median line concept from Marechal's approach. It is all very intriguing:

     

    http://time-price-research-astrofin.blogspot.com/2017/10/george-marechals-stock-market-forecast.html

     

     

    If you start studying the charts with the median lines you can see that it always forecast the price direction with high accuracy. Study the Action Reaction concept by Babson, you will see there is something to it, I couldn't believe at first, it is crazy. For example, when you choose a center line and it is a down sloping line, then you clone the line to find action lines (to the left, the past) and you align this line with down pivots (where price formed support). Then you clone the line again and move it to the right of the center line this time (to the future, to find reaction lines), you place them symmetrically opposed to the action lines. When the price reach the reaction lines it's gonna form up pivots (resistance). It is better to label the action reaction lines like A1, A2, A3 , R1 , R2, R3 and then study what happens. Sometimes is like a mirror image.

     

    Down sloping center line will have down pivots on action lines and up pivots on reaction lines. Up sloping center line will have up pivots on action lines and down pivots on reaction lines.

     

    But don't take my word for it, nor anyone's opinion, the worst thing you can do in this business is listening to others blindly. You gotta gather the knowledge, and more importantly TEST the knowledge, and then after some time you gonna see what makes sense to you and what doesn't, you will know how to filter books and getting from them only what you want, but first you gotta know what you are looking for. This way you start to weave your own approach, which is unique to you. No one ever will trade exactly the same.

     

    I lost money twice earlier, by going blindly by the trading tips /alerts. After that loss I have been studying and exploring strategies, but could not get confidence, instead got confused. But always found most expert traders suggesting pitchfork, median line approach. Wish your inputs will give me the required path to success. Thanks again for sharing.

  3. iDov, there is nothing special when it comes to selecting the pivots, it comes with experience in using the tool. He even says that in his webinars. You just need to choose the obvious pivots... It takes more than a couple of hours of webinars to understand stuff, you gotta practice. I recommend reading his book "mapping the markets" and also a book by greg fisher caled "median line study and also "pitchfork primer" by gordon deroos.

     

    You need a high, a low and a high, or a low, a high and a low, as you train your eyes they really jump out at you. There are lots of pitchforks going on at the same time, big ones and small ones inside the big ones., you gotta keep track of the longer and intermediate term ones and keep deleting the small term ones because it starts cluttering the chart very fast. There is no secret and you can choose whatever pivots you want, the key is finding the current frequency of the market, the pitchfork will reveal it to you.

     

    Also, when the regular method of drawing the pitchfork is not capturing the frequency, perhaps you gotta use a modified Schiff median line at that time.

     

    Hi logicgate thanks for your guidance.

    I am also learning pitchfork, this advice helped me as well.

     

    I value the helping spirit in this forum. Please keep sharing and let me know if there is another thread where I can follow, learn and discuss on this strategy.

     

    Thank you

  4. The Brooks Trading Course Combo (i.e. Trading Course & Forex Trading Course)is the most comprehensive source of information on reading and trading price charts. The Brooks Combo Course comprises three main Parts:

    1- Price Action Fundamentals

    2- How to trade Price Action (Trading Course Version)

    3- How to trade Forex Price Action (Forex Trading Course Version)

     

    The Price Action Fundamentals sections explain basic chart reading, and well as how and why markets move. Markets are constantly in search of the current fair price, which is always changing. That price is the result of countless variables, and most of them are unknowable, even to very successful traders.

    Every market probes up and down to discover how far is too far, which then becomes support and resistance. Once traders understand this and how to spot logical support and resistance levels, they are in a position to begin trading. They also need to learn to watch for certain chart patterns where the probability, risk, and reward give traders an edge. Traders are then ready to study the 2nd part of the course, How to Trade Price Action.

     

    The new Brooks course contains 121 videos for the Price Action Fundamentals part, a total of 57+ hours. The How to Trade Price Action and How to Trade Forex Price Action parts add another 72 and 66 videos, with grand course totals of 95 and 92 hours respectively. Purchasing both courses gives a total of 130 hours of high quality video trading education.

     

    Website:

    hXXps://brookstradingcourse.com/buy-the-brooks-price-action-trading-course/?doing_wp_cron=1537292034.3978049755096435546875

     

    Price:

    $448

     

    Size:

    21.2 GB

     

    Download Links & Password:

    hXXps://dr!ve.google.com/file/d/1Xure-OXjp-7A2RN9b-zcVc11Bp1MRceu/view

     

    Thanks is due to the original uploader

    Hurry up before links expires :)

     

    Thank you downloaded, worked with freecourser password

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