wizard101 Posted June 29, 2014 Report Share Posted June 29, 2014 I would also like to provide some twists in using momentum with price action to determine high prob "turn areas" irrespective of whether they are taken with the trend "trend relative to the time frame ofcourse in which it is applied" and also counter trend setups where the reward is lower as long as the risk is also very low and measurable according to the logistical target determined whether based on a fib ext, prior supp/resist, band whatever..... If this style is not suited to your make-up or style then please just disregard the concepts, otherwise feel free to explore and/or add anything further.....There are often patterns in exploiting tools which do eliminate some of the noise reduction in price as long as price is not stuck in too tight a range on a shorter time frame where the risk/reward determination itself does not make it viable for one to take a trade. There are often many opportunities to scalp 2-3 pts from potential inflection points and for those that prefer to utilize momentum analysis, l feel that there can be a way to exploit some of these "turn areas" in the market both in terms of either verifying what one already uses or as standalone coupled with some basic price action...... Anyhow, I will be posting the indicators with the respective template if one so wishes to look at that particular approach which for some perhaps may even be a little too advanced but in either case you can decide for yourself......Again I am not doing this to prove anything to anybody other than just throwing some ideas which are often repeatable taking ofcourse into consideration the most important ingredient that been "solid risk management" irrespective of whatever one utilizes...... cheers :)) Wanderer, Ganymed, FXX and 6 others 9 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch1.png DrJack, Wanderer and tradershare 3 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch2.png Wanderer and DrJack 2 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch3.png DrJack and Wanderer 2 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch4.png Wanderer and DrJack 2 Quote Link to comment Share on other sites More sharing options...
⭐ bomdila Posted June 29, 2014 Report Share Posted June 29, 2014 Price action is king Quote Link to comment Share on other sites More sharing options...
⭐ santoshv2k Posted June 29, 2014 Report Share Posted June 29, 2014 (edited) I would also like to provide some twists in using momentum with price action to determine high prob "turn areas" irrespective of whether they are taken with the trend "trend relative to the time frame ofcourse in which it is applied" and also counter trend setups where the reward is lower as long as the risk is also very low and measurable according to the logistical target determined whether based on a fib ext, prior supp/resist, band whatever..... cheers :)) Thanks wizard101, what's o/u and u/o, you showed on osc indi? can you share the oscillator or indis used in your chart? san Edited June 29, 2014 by santoshv2k Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 No problem santoshv2k here is a good resource for a detailed description....It takes a little practice just like anything else to see them in real time but to the trained eye they often provide impending reversals both with the trend " convergences" and also against the trend "regular divergences".....You are basically looking for the flattening out of your faster stoch to kiss off under the slower %D or over the %D with preferably DT/DB ", "Traps" , and also do see them work on single tops/bott but need to be cautious of any significant trend so with the single tops/bott I always look at confluence with some fibo and/or murrey math level, prior demand/supply congestion areas etc..... Wanderer and ⭐ santoshv2k 2 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://www.trading-naked.com/under_over_setup.htm Wanderer 1 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://www.trading-naked.com/under_over_setup.htm ⭐ santoshv2k, Wanderer and Ganymed 3 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 www.dacharts.net ⭐ stocktrader78 and Wanderer 2 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 some resourceful sites :)) Quote Link to comment Share on other sites More sharing options...
⭐ santoshv2k Posted June 29, 2014 Report Share Posted June 29, 2014 http://www.trading-naked.com/under_over_setup.htm Thanks wizard101, good sharing. Can you share your template as the temp link on trading-naked is dead san Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch5.png Wanderer 1 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 santoshv2k try copying and pasting the link through your browser worked for me.....template indicators are coming just looking for them lol Wanderer 1 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 the label on the orange line didn't show grrrr.....it is the 78,6% retrace of that whole leg .....I tend to look for corrective setups off deep retracements 78,6-8.6% with ofcourse the applicable stoch patt verifying a "potential inflection point" as ofcourse nothing is certain but they do tend to present with high probability....I had posted many many real time setups in dacharts as many still do using all sorts of technical approaches...... cheers Wanderer 1 Quote Link to comment Share on other sites More sharing options...
⭐ santoshv2k Posted June 29, 2014 Report Share Posted June 29, 2014 santoshv2k try copying and pasting the link through your browser worked for me.....template indicators are coming just looking for them lol Thanks wizard101, the link given by you is working well but template link on that site which is http://www.intellitraders.c0m/chartpatterns/charttemplate.html has no more that template now. Wanderer 1 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 https://www.sendspace.com/file/dfsi1g ⭐ flipper26 and ⭐ santoshv2k 2 Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 Santoshv2k here are the indicators, you don't really need those rsi x's but have included them as well. Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 Just copy the indicator files in your bin/custom/indicators and the template in templates/chart Quote Link to comment Share on other sites More sharing options...
⭐ santoshv2k Posted June 29, 2014 Report Share Posted June 29, 2014 https://www.sendspace.com/file/dfsi1g Thanks, it's working. san Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 http://charts.dacharts.net/2014-06-29/mw-momentum%20setups-ch6.png DrJack and Wanderer 2 Quote Link to comment Share on other sites More sharing options...
mastertrader7 Posted June 29, 2014 Report Share Posted June 29, 2014 Please upload to https://anonfiles.com Thanks ! Quote Link to comment Share on other sites More sharing options...
wizard101 Posted June 29, 2014 Author Report Share Posted June 29, 2014 https://anonfiles.com/file/48146a37ceefe59cdfe99e9ab88d2d98 sukhsan, Ganymed, tryitagainmf and 9 others 12 Quote Link to comment Share on other sites More sharing options...
mastertrader7 Posted June 29, 2014 Report Share Posted June 29, 2014 Is there a manual for this system? The meaning of the lines,dots etc...... Quote Link to comment Share on other sites More sharing options...
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