Popular Post Traderbeauty Posted January 31, 2015 Popular Post Report Share Posted January 31, 2015 (edited) Hello My Friends. I had numerous pms and email requests to explain how I generated these amounts so here it is- very simple- no indicators AT ALL- just use the best one- YOUR BRAIN. You have to understand that when I am trading I dont plan to post the results so i dont prepare images and proofs- i will share with you some- with the purpose of proving to people like user33 and few others that attacked me in the past saying that my method is worthless. This are images of one of my LIVE ACCOUNTS in interactive brokers.I will explain to you THREE ENTRIES that totaled $6806.00 . First one was $4385.00; second was $1200 and the third $1221. In the first on I only used 2 ES contracts and the other two entries I used 1 contract only. So lets get started: First image is BEFORE WE START: As you can see- there is a HUGE double top so I expected a huge move down to at least 1970 and even lower- the question is where to enter- so i was looking on the 60 minutes for an extension of at least 1.272 which we got at STEP 1 so then you can see both my entries- at the 62 and the 78 for shorts STEP 2. in STEP 3 you can see my exits at the 1.272 and the 1.618 extension. with a total of $4385.00 which is not bad for only 2 contracts. ( the next 2 entries are under) http://i.imgur.com/uuk0LtV.png http://i.imgur.com/eym6QnD.png http://i.imgur.com/Sex7W2I.jpg http://i.imgur.com/M2QSjEp.jpg http://i.imgur.com/hY1FsfN.jpg http://i.imgur.com/Qh0j2Kt.jpg http://i.imgur.com/Q07jkCO.jpg http://i.imgur.com/suYfdtD.jpg http://i.imgur.com/ycbUWi0.jpg Trade number 2 for $1200 was simple as you can see- I already had the order at 2019 the second i got out of the 2 contracts- its a simple fib - i got out of that one with 24 points just for fun even though i knew the market will go lower- which was lucky for me because it gave me another chance to go back in- so you can actually see the LIVE order to short 1 lot at 2019. Trade 3 was exactly the 78 fib so i had the order in once i got out of the 24 points got filled and could have made few more points or wait for sunday but i was too tired and didnt want to wait so i exited almost at the close with a profit of $1221 - see screen shot. hope this helps you all. take care and enjoy- this took me few hours to post. Jane Edited January 31, 2015 by Traderbeauty ciardim, Trader99, Stefco and 51 others 54 Quote Link to comment Share on other sites More sharing options...
rhv Posted January 31, 2015 Report Share Posted January 31, 2015 Great trading Jane!!! Thanks for the details. Quote Link to comment Share on other sites More sharing options...
profile Posted February 1, 2015 Report Share Posted February 1, 2015 Very well done. Very good learning curve for me to see how you take your trades. Thank you so much for sharing this with us. For me no need to see your statements, but the logic behind your rationale is the cherry on the pie. mastertrader7 1 Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted February 1, 2015 Author Report Share Posted February 1, 2015 Please push the THANKS BUTTON so i know how many are interested-if there are enough then i will continue. Thanks for all your kind words. Jane Fxheaven, energetic, MidnightPresident and 14 others 17 Quote Link to comment Share on other sites More sharing options...
holrthnthou Posted February 1, 2015 Report Share Posted February 1, 2015 Thanks for sharing your thought process. What was the risk, i.e. stop on these trades in case they did not work out? Quote Link to comment Share on other sites More sharing options...
⭐ JDizzle22 Posted February 1, 2015 Report Share Posted February 1, 2015 Hello My Friends. I had numerous pms and email requests to explain how I generated these amounts so here it is- very simple- no indicators AT ALL- just use the best one- YOUR BRAIN. You have to understand that when I am trading I dont plan to post the results so i dont prepare images and proofs- i will share with you some- with the purpose of proving to people like user33 and few others that attacked me in the past saying that my method is worthless. This are images of one of my LIVE ACCOUNTS in interactive brokers.I will explain to you THREE ENTRIES that totaled $6806.00 . First one was $4385.00; second was $1200 and the third $1221. In the first on I only used 2 ES contracts and the other two entries I used 1 contract only. So lets get started: First image is BEFORE WE START: As you can see- there is a HUGE double top so I expected a huge move down to at least 1970 and even lower- the question is where to enter- so i was looking on the 60 minutes for an extension of at least 1.272 which we got at STEP 1 so then you can see both my entries- at the 62 and the 78 for shorts STEP 2. in STEP 3 you can see my exits at the 1.272 and the 1.618 extension. with a total of $4385.00 which is not bad for only 2 contracts. ( the next 2 entries are under) Trade number 2 for $1200 was simple as you can see- I already had the order at 2019 the second i got out of the 2 contracts- its a simple fib - i got out of that one with 24 points just for fun even though i knew the market will go lower- which was lucky for me because it gave me another chance to go back in- so you can actually see the LIVE order to short 1 lot at 2019. Trade 3 was exactly the 78 fib so i had the order in once i got out of the 24 points got filled and could have made few more points or wait for sunday but i was too tired and didnt want to wait so i exited almost at the close with a profit of $1221 - see screen shot. hope this helps you all. take care and enjoy- this took me few hours to post. Jane This is great, but I bet the biggest question in everyone's mind, as always when people talk about fibs, is how do you decide where to draw your fibs? It's easy for people who don't use fibs regularly (me and most others) to go back and draw good fibs, but in real time it is much more difficult. How do you decide which swings to use to draw your fibs? I stopped using fibs because I could never draw the correct ones in real time, so I am sure everyone would love your explanation on that. sukhsan, LisaAkira, exp48967 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted February 1, 2015 Author Report Share Posted February 1, 2015 This is great, but I bet the biggest question in everyone's mind, as always when people talk about fibs, is how do you decide where to draw your fibs? It's easy for people who don't use fibs regularly (me and most others) to go back and draw good fibs, but in real time it is much more difficult. How do you decide which swings to use to draw your fibs? I stopped using fibs because I could never draw the correct ones in real time, so I am sure everyone would love your explanation on that. JD- I totally know what you mean- I promise to help you guys understand much better. You need to understand that I am not using fibs- My method is price action but i use fibs for an exact entry. will post more examples this week. Thanks everyone for the interest- I was just looking to share method that is simple but yet working and posting my live reports was the easiest way to get your attention. Take care Jane profile, ⭐ JDizzle22, Gladiator858 and 19 others 22 Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted February 3, 2015 Author Report Share Posted February 3, 2015 Let me try to explain the most important issue in trading ( again- imho )- In order to trade well you need to know where the market is coming from- this way you know where its going to - this way you can join the market along the way no matter where and when. It seems s.t.u.p.i.d but this is the way i trade and you will soon understand what i mean. I need to see a specific reaction from the market- once i see that reaction- i try to find WHY did it happen and believe me - there is a reason for EVERY move no matter how small it is ( not during news ). If i find the reason then I KNOW with high assurance where its going to this way i can join it during its trip. I am going to show you a LONGER TERM because it winds up very slowly- but the results are exactly as day trading. We had a DOUBLE EQUAL as you can see - the two top arrows. Once we all saw that - ( and we see the reaction even after awhile- makes no difference ) - my first target is the 1.272 - at least. Now i am not saying that this is 100% sure but this is my method and its working- and you can see for yourself - plus- lets see if this WILL HAPPEN in the coming future- because I AM FORECASTING the market. In my previous post you saw how i took advantage and got in few times.You could also just short there and wait for 1944 but where is the fun lol. THIS IS CRUCIAL- please pay attention- as long as the market is showing lower lows and lower highs just enter at any fib or wait for a proof for lower time frames.Today's up move could have been a temporary reaction of that perfect trendline BUT-...the longer direction- again imho is toward the 1.272. This method is exactly what I do during my day trading- I see a reaction - normally off fib levels and i assume that i know the target- then i use much smaller time frame - like renko spectrum 2-1 and get in - AS LONG AS WE DID NOT GET TO THE TARGET. hope that helps. Take care Jane http://i.imgur.com/hrwdnBj.jpg newbie0101, gonzo, lbf4223 and 8 others 11 Quote Link to comment Share on other sites More sharing options...
exp48967 Posted February 3, 2015 Report Share Posted February 3, 2015 A video superbeauty will be very very helpful. Thanks for sharing. Quote Link to comment Share on other sites More sharing options...
profile Posted February 3, 2015 Report Share Posted February 3, 2015 (edited) Hi Traderbeauty, I found yesterday some nice opportunities in the ES on the 5 min. The light blue lines show the potential targets 1 at 127 and second target at 168 (I can not set my Ninja to 127,2 and 161,8). So also on lower timeframes your theory of double top/bottoms seems to work. Question: Except for double top/bottoms: what other signals from the market do you look at? Question: When do you enter the trade? When price hits e.g. the double top? Or do you await a certain retracement? Or is this where you use the Navi on the lower time frame? http://s15.postimg.org/6vwixujor/3_2_2015_10_15_56.jpg Edited February 3, 2015 by profile uploaded wrong screenshot newbie0101 1 Quote Link to comment Share on other sites More sharing options...
Traderbeauty Posted February 4, 2015 Author Report Share Posted February 4, 2015 Profile- Thanks for sharing your trades- it looks very good. I am not thrilled about 5 min chart because they are so slow to respond specifically in a fast market like we have had lately that is why i use the renko spectrum 2-1 4-1 and 8-2. Regarding your questions- basically you are asking me to explain my entire method within few lines lol its not easy. I dont usually trade off double bottoms or tops because they are not reliable- they do happen but i would say that most of them dont hold- at least not at the ES. I used that this time because the market PROVED to me that this huge dt is working and i took advantage of the fact. I use fib to measure the retracements and extensions this way i know if the trend is still strong or weak. if its strong and i dont see any deviation then i enter at a fib retracement and my target is the fib extension. many times if the leg is small i will enter BEFORE i get a navi signal but if the leg is big and the retracement seems to fast and steep i will WAIT for a navi signal. I highly recommend you to read ALL my previous posts. Take care Jane ciardim, profile, newbie0101 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
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