How I made $6,806.00 in 3 days no indicators 1-2 es -inc. brokers live confirmation

[Traderbeauty]

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

[sheetal]

very nice info.

Start posting your trade entries here in real-time for next 30 days.

[wcicom]

Good job TB, too bad Fibs don't work :)

[hermes]

Fibs, Supports and Resistances works around 50% of the time and with good MM you can be successful. But that style of trading is not for me.

Hermes

[valtrg]

Great post.

Plaese continue with your posts.

 

Tx

[Wanderer]

Fibs, Supports and Resistances works around 50% of the time and with good MM you can be successful. But that style of trading is not for me.

Hermes

 

To my mind there are 2 kinds of trading styles. Winning styles and losing styles. Jane's appears to be the former. I like her style. :-?

 

W.

[Traderbeauty]

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

[energetic]

Great post.

Please continue with your posts.

[vrdrive]

nice. will continue to follow ...

[Traderbeauty]

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

[hermes]

Fibs are subjective. How many times we expect between 50 and 61.8 ending a pullback but instead comes reversal of trend for 1000' of pips. Trading must be objective. Everybody must see the same, no different opinions.

Hermes

[⭐ yakka]

So, how do you know which of the fib levels to enter at in the retracement ?

 

yakka

[⭐ stingrayzz]

Yakka,

 

Hermes does not know. I asked him to back up his so called holy grail system in his thread by asking him to show proof. He cannot.

 

Cheers

[Traderbeauty]

Fibs are subjective. How many times we expect between 50 and 61.8 ending a pullback but instead comes reversal of trend for 1000' of pips. Trading must be objective. Everybody must see the same, no different opinions.

Hermes

 

i use price action method- the fibs are only a better and exact place to enter. you need to be experienced andto know what you are doing- if you dont and you just enter or :expect" a fib then you right- you are screwed - but thats why you wait for confirmation or a signal and then you enter.

[⭐ yakka]

So, are you going to reveal your confirmation strategy or are you just going to tease us?

 

yakka

[Traderbeauty]

So, are you going to reveal your confirmation strategy or are you just going to tease us?

 

yakka

 

i am not teasing you- i have been explaining my method for the last 2 years together with detailed charts and explanations- the last few posts are just to prove that what i try to teach - does work live.

all you have to do is to go back and read my previous post.

jane

[wcicom]

Fibs are subjective. How many times we expect between 50 and 61.8 ending a pullback but instead comes reversal of trend for 1000' of pips. Trading must be objective. Everybody must see the same, no different opinions.

Hermes

 

Above reminds me of all the so called "trading books" which make sense while you read them, but fall apart quickly in real trading. Trading has been called an art for that very same reason - it is never 100% objective. It is possible to find setups which come close to complete objectivity, but I guarantee that they will be very rare, they will take you in to the trade very late, and they will get you out of the trade even later.

 

We are in the business of probabilities, not guarantees. If our method, whatever it happens to be, has positive expectation long term, with well structured money management system in place it can be extremely profitable. Just like Jane shows - a good approach consists of two parts - setup...identifying likely areas of support or resistance, and trigger....confirming price action implying that there is high probability that Market indeed reversed against support or resistance zones. That is as much as the Market will "give" us.

Looking for anything more will simply put a trader in to a never ending search for next best indicator and freeze him/her in the state of hesitation and/or procrastination. Our trading methodology does not have to be perfect - only profitable.

 

Good trading,

Edited February 8, 2015 by wcicom