The ideas that I trade by:

[TygerKrane]

MO I was reading many of your topics and couple of times people mentioned your cash and crash zone. I could not find the definitions. Could you give the definitions of those two please.

xXx,
There is a thread for it:
The Weekly Crash Zone

There should be an MT4 indicator for it in the thread as well.
Bredin/Insanity Industries might have a version as well.

[xXx]

Thanks to MO and TygerKrane.

MO what do you define as daily open?
Different brokers have different daily opens...

[MightyOne]

The open price of a 24 hour period; even one that is shifted x number of hours.

[judokamak]

MO, can you recomend a good source for wave analisys?

As i understand, you use 1-2-3 and 5 wave paterns...

[MightyOne]

MO, can you recomend a good source for wave analisys?

As i understand, you use 1-2-3 and 5 wave paterns...

I do not recommend wave analysis...
basic signals such as: 1-2-3, Ross Hook (single hook), Triangles (double hooks), closes > !< a line, & horizontal lines with 'position' ('stop loss') from a long term extreme or psych line (50, 100-125, 250) will suffice.

Before pulling the trigger, ask yourself:

I) why am I going short?
II) I'm 'wrong' if what happens?
III) if I'm 'wrong' then what might the price action look like; if it still looks like a short trade then I might have to rethink when it is that I am wrong before placing this trade.
IIII) has price been moving sideways? If so then I should consider taking partial profits (or liquidate) at the 50 or 83.33% retracements.
V) is this a suicide run ie you have position from a long term extreme and price action be damned you are continually shorting the market?

Once you know the why, if/then, & where you are going then you can place the trade.

Planning your trades and trading your plan is more powerful than the most advanced wave analysis.

[judokamak]

Thanks for reply MO!

For all interested, i think this file contains most of things described in MO s post

law of charts

[Neo88]

Hello everyone this is my first post

I've been reading for quite a long time now and I find MO methods/concepts very interesting, one of the things that caught my attention was a quote from Paul Tudor Jones

"If there is a sudden range expansion in a market that has been trading narrowly, human nature is to try to fade that price move. When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion."

MO is there any other source where I can read about your methods or it is just self learned stuff ?

Thanks in advance

[newscalper]

MO - w.r.t extremes and space, do you also use the open as a reference? I.E say you are going to trade the weekly candle, you position at this weeks low and trade with candle colour? I.E if price is above the open you go long, if price is below the open you go short and position at the appropriate extreme?

Thanks

[Neo88]

Hello everyone this is my first post

I've been reading for quite a long time now and I find MO methods/concepts very interesting, one of the things that caught my attention was a quote from Paul Tudor Jones

"If there is a sudden range expansion in a market that has been trading narrowly, human nature is to try to fade that price move. When you get a range expansion, the market is sending you a very loud, clear signal that the market is getting ready to move in the direction of that expansion."

MO is there any other source where I can read about your methods or it is just self learned stuff ?

Thanks in advance

I think I wasn't clear above, I was referring to the resemblance between your ideas and his any one see that or am I just off ?

[MightyOne]

Neo88,

That is like saying that two people noticed that they should buy green candles and sell red ones; profitability has general rules that are shared by many.