NLA 5 years later

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MightyOne
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Postby MightyOne » Mon May 26, 2014 7:29 pm

Another thing that I have been working on:

Image


As a rule I don't go looking for fractals, I try to keep it simple with horizontal lines.
The next level of analysis is seeing the triangle/channel after which I might see the fractal; at which point I'm doomed to over analyze :D

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Jalarupa
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Postby Jalarupa » Tue May 27, 2014 4:59 am

MightyOne wrote:Another thing that I have been working on:

Image


As a rule I don't go looking for fractals, I try to keep it simple with horizontal lines.
The next level of analysis is seeing the triangle/channel after which I might see the fractal; at which point I'm doomed to over analyze :D


MO, I just want to say that it is only by your kind grace that I still have any hope of making a success in this profession.

Your thought and in depth process above is like gold. Thank you for imparting such wisdom onto a foolish dreamer like me.
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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aliassmith
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Postby aliassmith » Sat May 31, 2014 9:19 pm

I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"

Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1
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RicG
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Postby RicG » Sat May 31, 2014 9:24 pm

aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"

Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1


I don't know if Jason "coined" the phrase "structure leaves clues" or not , but he and his business partner Todd Brown, both, use it all the time.
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

aliassmith
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Postby aliassmith » Sat May 31, 2014 9:35 pm

RicG wrote:
aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"

Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1


I don't know if Jason "coined" the phrase "structure leaves clues" or not , but he and his business partner Todd Brown, both, use it all the time.


I watched a lot of Jason's videos even the fibs (ratio) trading stuff. I'm still not a Fibonacci fan but his other vids were interesting.
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Postby RicG » Sat May 31, 2014 10:00 pm

aliassmith wrote:
RicG wrote:
aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"

Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1


I don't know if Jason "coined" the phrase "structure leaves clues" or not , but he and his business partner Todd Brown, both, use it all the time.


I watched a lot of Jason's videos even the fibs (ratio) trading stuff. I'm still not a Fibonacci fan but his other vids were interesting.


His methodology is all based on price structure and harmonics. And yes, his free video stuff is actually pretty good. Also his company gives free multi-day webinars from time to time that contain good, solid content. But having said that, my advice is stick with the free stuff, don't buy anything from him or his partner or company.

When I was learning harmonic pattern trading, I got a fair amount of my info from his free videos and free webinars. But it was a struggle for me. I just have a hard time listening to, and watching him, because of his egotistical, conceited personality. For some reason, he just LOVES to have his face on the screen, even when he shows charts......LOL.
(Disclaimer - This post is for educational purposes only. Always consult a licensed investment professional before taking any trade. Any trade you take is at your own risk.)

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Jalarupa
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Postby Jalarupa » Sun Jun 01, 2014 4:24 am

aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"

Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1


I was trying to trade the exact same setup (albeit that I was too early to the party.... as usual...) So I take it yoiu first wait for MOMO out of the failed Zline level before you commit?

Also do you often trade the close of the NY session?

I keep hearing traders say that novice traders open markets and experienced traders close them... Any truth to that statement?

On a plus I am glad that I am seeing a little better after your involvement in this thread alias ;)
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

aliassmith
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Postby aliassmith » Sun Jun 01, 2014 4:07 pm

Jalarupa wrote:
aliassmith wrote:I'm not sure if it is Jason Stapelton's quote but "Structure leaves clues"

Price traded back to a failed D1 zline
It created a Base on H1
It made a bearish trend (momo) bar H1
Short when price returned to the breakout of the base H1


I was trying to trade the exact same setup (albeit that I was too early to the party.... as usual...) So I take it yoiu first wait for MOMO out of the failed Zline level before you commit?

Also do you often trade the close of the NY session?

I keep hearing traders say that novice traders open markets and experienced traders close them... Any truth to that statement?

On a plus I am glad that I am seeing a little better after your involvement in this thread alias ;)


The information about when professional traders trade is not valid in my opinion. I have seen and know of "pros" trading near the open and near the close. It also depends on the definition of professional :shock:

Yes it is better to have a new trend bar in your direction for added edge. As it is better to have a trend bar in you direction on a smaller time frame for a normal zline trade.
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withnail
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Postby withnail » Sun Jun 01, 2014 5:24 pm

Lots of structure and clues all over that EJ chart.

I quite like stuff like this sometimes.

Square blocks before a S/R are often a clue of a nice move I find.



Alias i'm wondering about your current MM?? i found your 4 phase push system quite cool :smt025
1. Big loss, 2. Small Loss, 3. Big Win, 4. Small Win --- just prevent 1.

aliassmith
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Postby aliassmith » Sun Jun 01, 2014 7:38 pm

The aggressive pushing MM was just framework.

It was laid out as an example of how one could use it.

I developed it after seeing Mightyone's "space" and Phantom of
the pits trade management. I asked myself how could the same thing be done over several trades.

If a trader uses it, it should be tailored to their individual ability.

I use my profit cushion to make higher leverage trades. It allows me to risk
enough on H4 or daily charts, so I can get 10 pips = 1%
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