Author Topic: elgaza method  (Read 49360 times)

Offline Sojourner

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Re: elgaza method
« Reply #15 on: March 12, 2014, 12:13:12 PM »
elgaza26
good for you but I'd get out as soon as I could cause we're probably gonna retest the 32 area, but don't do what I say, I don't like to take responsibilities for other people trades
01-21-2014, 12:13 PMelgaza26
I missed it big times, I placed an order for 10 contracts on 26 making the mistake of my life here, 26.25 was the low of the day on the previous level and I made a mistake on the tick should have got in at 26.5, I'm slapping myself now
01-21-2014, 12:19 PMTraderbeauty
out- we got 112/8 on the 4 tk chart should go now up to 30 or 30.25 and continue down from there.
its going to be 88.8 fib combined with symmetry
01-21-2014, 12:19 PMelgaza26
OK guys stat talking, did anybody take the trade here? I mean we have a signal on the 6tks and the 2tks to go up, any one took a chance here? even with the sim account?

if you didn't than what you're missing is the confident and trust in the system !!!, the only way you'll get it is by practicing it and taking those trades even with demo, only than it will be like second nature to you

waiting for replies from you
01-21-2014, 12:22 PMelgaza26
I'd say back to 32.25, I respect the fib points but I trust the market profile better cause it's not just a mathematical percentage but actual places where the institution made business, and THEY NEED TO GO THERE AGAIN to do business again
01-21-2014, 12:26 PMTraderbeauty
it didnt even slow or stop to enable a short entry , on the side line now,
cannot see any reason on the big picture for the market to go up from here- big 50 fib on a huge leg was 27.75 we did break it by 5 ticks, who knows- that could be a possibility , going to wait and let the 2 tell me what is going on.
on a mid size picture we might go up to 41-42 where i will gladly short again.
01-21-2014, 12:28 PMTraderbeauty
32 is 1.272 of last leg , mght go down from there but its not a fib or last down leg
01-21-2014, 12:30 PMTraderbeauty
33.25 could be a great place to short- its 38 fib and a 1 to 1
01-21-2014, 12:33 PMTraderbeauty
shorted 32.25 with 3 ticks stop
01-21-2014, 12:34 PMTraderbeauty
target is 28.75 stop now 2 ticks
01-21-2014, 12:35 PMelgaza26
good for you jane, I'll post my trade when I'm done with it but I've placed my trade way before it got me at 32
01-21-2014, 12:36 PMadmis
Quote:
Originally Posted by Traderbeauty  View Post
33.25 could be a great place to short- its 38 fib and a 1 to 1
Confluence with 32,5 VAL
01-21-2014, 12:40 PMTraderbeauty
out lost 2 ticks :)
01-21-2014, 12:42 PMTraderbeauty
if it does not stop here at 33 or 33.25 then it will go to 41 and i will go long on a retracement
01-21-2014, 12:43 PMelgaza26
we wont take them all you know, but look at the RSI on the 2tks, it's 83.85, I'm drooling
01-21-2014, 12:44 PMTraderbeauty
if it stops right now 33-33.25 then the down direction is intact, but---- if it goes and stops at 33.5-33.75 it means that the down reversed to an up and we should go long at a 50 fib
lets see - this is real time now not a second of delay
01-21-2014, 12:53 PMelgaza26
Just cant forgive myself how I made the mistake on the 26.25, and how I put my order on 26 instead of 26.5 could have been up 7 points now with 10 lots, that would make up for Monday and this morning all together, bummer, but it happened AND WILL HAPPEN AGAIN I'm sure, those things are part of the job, so get used to it
01-21-2014, 12:58 PMTraderbeauty
did someone closed the market lol?
volume on the 1 min is pitiful 400-800 .
again- trying to explain how i derive my trades-a little hard with no pictures but i dont have time, will get the app later.
right now- its right at 38 fib so if it starts to go down i expect a move to 1.918 extension down.

but... if it continues upward and start to go down from 33.75 or 34 then it means it is going down from a 1.618 meaning at the 50 fib i am going long.
01-21-2014, 12:59 PMelgaza26
Hey Jane allow me to give you a tip that will probably will enhance your trading success immensely. you should still use you fib levels, but when it comes to making a decision and click the mouse to enter the trade, I'd advise you to check MP for confluence and if you get it, than it's a great point for entry, if you don't you should be very cautious in taking the trade, your fibs level should alert you to look at MP when you reach those levels.

you do that and you'll thank me one day.

cheers
01-21-2014, 01:05 PMTraderbeauty
thanks elgaza- i will do that .
i will thank you even today :) no need to wait lol.
ok as we can see right now the 38 is broken same as the 1 to 1 . even the 1.618 is slightly broken , seems to me that we are going to the big 88 which is 41.75- 42 , i really hope we get there going to short there no matter what.
01-21-2014, 01:07 PMelgaza26
did you guys notice the CCI reading on the hourly chart at 12:00pm EST, it was -310 and look at us now, now you understand why I have the CCI and RSI on the chart, and why I don't add any other indicators, cause just with what I have, I sometimes have hard time to follow on all the charts, so adding something else I believe will decrease you rate of success and make you less persistent with what you do
01-21-2014, 01:09 PMelgaza26
My turn, LOL
I think we should go back to the 32 area again, we might go up to 35.25 top, but I might be wrong and I don't act upon it yet
01-21-2014, 01:09 PMTraderbeauty
short levels are broken, we are getting close to 1.982 which is 35.25 , most likely it will break it by 1 tick meaning u can short at 35.25 or wait till it goes down from there to 31.75 and then go long.
01-21-2014, 01:12 PMelgaza26
That sounds now exactly like what I said
01-21-2014, 01:13 PMTraderbeauty
limit order to short at 35.50 with 3 ticks stop
01-21-2014, 01:15 PMelgaza26
I dont think you'll get there, look at the volume bar, it's already an adult
01-21-2014, 01:20 PMTraderbeauty
cancelling the short- will wait till i get a proof , otherwise waiting for 42 to short
01-21-2014, 01:20 PMTraderbeauty
we should get to at least 35.25- 35.5
01-21-2014, 01:23 PMelgaza26
I hope for your sake you are right but I doubt it it will even hit the 35.25, but than again that's why I hate analyzing I like to trade by price action
01-21-2014, 01:31 PMTraderbeauty
falling asleep- if it goes to 5.25 and then goes 2 ticks down we will have a div on the 1 tk chart which is enough for me and i will then short at 5 with 3 ticks stop.
35.25 is also 50 fib of the entire move down from 44 down to 26.25 so i am sure i will get few good points there
01-21-2014, 01:33 PMelgaza26
There you go Jane you were right, good for you, we just passed the 35.50
01-21-2014, 01:35 PMTraderbeauty
never happened so i am not short, waiting now for the 41-42.
there is also another scenario on a bigger scale- if what reversed the market up is the 50 fib then we should go all the way up to 55 where i will short everything i own lol for at least 11 points.
01-21-2014, 01:36 PMTraderbeauty
sorry- what i meant - never happened is that once it went to 35.25 it did not go down 2 ticks to create a div so i never entered short.
01-21-2014, 01:38 PMTraderbeauty
might short at 37 - 37.25 its the 62 fib for few pts
01-21-2014, 01:40 PMTraderbeauty
short 37.25 with 3 ticks stop
01-21-2014, 01:41 PMTraderbeauty
out - lost 2 ticks, was not going down i just hit the close position, but its fun lol, shorting with only 1 lot so no big deal,
01-21-2014, 01:43 PMelgaza26
I hate myself today, made 10 ticks and then gave back 4 with 10 contracts, but that's not why I hate myself today, it's because of what I missed, the money will come back, and so other opportunities, but like I said I love low of days on the daily chart and this one had 2 of them on this level, what you should learn from it, is mistakes do and will happen again and again, we are humans and we keep on making mistakes, don't think of yourself less, that you are not a good trader because of that and have I followed the signal I'd make a crazy number by now

OK, I just might sometimes do with the trend to show you guys the results that you could get with just that, less brain more plain
01-21-2014, 01:44 PMTraderbeauty
we are at the 2.61 which is 38
usually the 2.61 is the most that a trend goes on an extension, so i expect a retracement down to 38 fib where we can continue long till we get to the 41
so i expect down from here to 33.5 where we can long
01-21-2014, 01:44 PMelgaza26
Jane I wonder, are we the only traders here?
why no one participate, it's OK to say that you lost guys, we are not prophets and most trader may it be the best of them out there lose all the time so please make this thread the hottest thread available and join in.
01-21-2014, 01:48 PMTraderbeauty
watch the little tripple top on a 1 tick chart- it shows us that i was right to assume the 2.61 which is very rare- but this is as i said as far as a trend can go before continuing with the same direction.
i shorted at 37.75 - no stop- if it does not go down i will just exit.
target is 35.5

Offline Sojourner

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Re: elgaza method
« Reply #16 on: March 12, 2014, 12:13:48 PM »
Traderbeauty
totally agree- i have no idea why others dont post their trades in real time.
normally i made many mistakes but i win enough times to correct and have a green total, but its part of the game.
01-21-2014, 01:53 PMelgaza26
maybe no one is watching this, or too few that do, do we even continue with this?
01-21-2014, 01:58 PMTraderbeauty
lets ask -
EVERYONE THAT WOULD LIKE US TO CONTINUE POST OUR TRADES IN REAL TIME PLEASE PUSH THE THANKS BUTTON SO WE CAN COUNT.
Elgaza- otherwise we can just move to a skype or any chat program.
I love your analysis. in mine i hardly use any indicators,
thanks
Traderbeauty-Jane
01-21-2014, 02:01 PMTraderbeauty
my stop is 2 ticks at 38.25 - my target is at 33.5 to the tick where i plan to reverse to long if i get a confirmation.
01-21-2014, 02:02 PMakshata
I don't have much to add at this point, but will be adding value soon....
01-21-2014, 02:06 PMelgaza26
Thank you Jane, any style is good if you master it, indicator are reading of the market in different way, one just need to know how to utilize it for the best, and not JUST to get entry/exit points, what I use does serve my purpose and I do well with them, there are those days that I make more than others, there are those days that I lose more but with good money management you can keep your loses small and the winners big and so you'll always be on the green side, I learn from everyone and I'm not ashamed of that, don't claim to be better than anyone out there, don't really care for that, what I care for is that trading which is my business will be more successful than otherwise, at the end of the day, all that's left is you and the green PnL of the day and if one is pushing for pride, it may be seen on his account , so I thank so much for all those people that I've learned from and all those I still learn from, the path for learning the market seems endless, thank you all
01-21-2014, 02:07 PMexp48967
If possible may u guys post also some screenshots?

An image worth thousand words ;-) especially for noobs.

Thanks
01-21-2014, 02:08 PMelgaza26
a deja vu, akshata, didn't you say that a week ago, but it's OK when ever you feel comfortable please do.
cheers
01-21-2014, 02:11 PMIl Quotidiano Gratis
with elgaza system on 6E i tried this
http://my.jetscreenshot.com/19530/20...uzcr-104kb.jpg

please admis.. i hope you will help me with RSI... thanks advance
01-21-2014, 02:12 PMwestvleteren
Just now aggressive sellers getting is. see 3 red levels on a row on footprint. http://my.jetscreenshot.com/22591/20...-6rj0-79kb.jpg
01-21-2014, 02:12 PMTraderbeauty
what i am trying to do is to show you how reliable are the fibs- i said at least a point before we got to the 38 that i might short there- here is how the 1 tick looked when we go there- and that is why i shorted in real time with ample of time for others to join me with 2-3 ticks stop.
http://imagizer.imageshack.us/v2/800...0/600/o65n.jpg
01-21-2014, 02:13 PMwestvleteren
http://my.jetscreenshot.com/22591/20...-vbb9-86kb.jpgNext target 34.25 = next Low volume node, then 28.25 - provided move continues with confirmation
01-21-2014, 02:14 PMelgaza26
Il Quotidiano Gratis and how did you make it out?

glad we're getting some responds here
01-21-2014, 02:16 PMwestvleteren
Agressive sellers gone............for now?........http://my.jetscreenshot.com/22591/20...-xge5-45kb.jpg
01-21-2014, 02:16 PMelgaza26
OK now we're talking, hey westvleteren are you using NinjaTrader? and if you are which software are you using for Market Profile?
01-21-2014, 02:18 PMwestvleteren
Agressive sellers back !
http://my.jetscreenshot.com/22591/20...-gkko-52kb.jpg
01-21-2014, 02:18 PMTraderbeauty
using price only and no indicators allows me many times to enter right at the tick with 2-3 ticks stop as u saw just now in real time.
the problem with indicators is that usually they are lagging and by the time you get the signal it might be a lousy entry with a big stop.but i am learning from you all the time.
my stop now is at breakeven- not playing games here with ego lol
01-21-2014, 02:20 PMwestvleteren
Elgaza, I use M@rketDelt@.
01-21-2014, 02:20 PMadmis
Quote:
Originally Posted by Traderbeauty  View Post
... i have no idea why others dont post their trades in real time.
...
Because it is not so simple to split your attention on trading and writing - but you certainly understand it...;)
01-21-2014, 02:21 PMelgaza26
Hey westvleteren when you post a picture click on the 3rd icon from the right, right above the area where you type your text, the square icon, and paste your link in there, this way the picture will be shown on this thread so we don't have to go the site

thanks
01-21-2014, 02:25 PMwestvleteren
http://my.jetscreenshot.com/22591/20...zuj8-126kb.jpgSee how the low reversed from the Single of a few days ago?

38 level reversal off the POC of yesterday AND Low volume node today. Almost trades out of the book.....
01-21-2014, 02:25 PMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
...

please admis.. i hope you will help me with RSI indicator... thanks advance
Oh, guy...In which indicator should I add this features? D3spotterRSI or some other?
01-21-2014, 02:26 PMelgaza26
Jane a good trader knows he doesn't have to impress other and admit his loses and just do better on the next, an YOU'RE DOING JUST THAT, great


admis, I know what you mean, but I was hoping for some people who has the time from here and there to participate a bit not necessarily that active
01-21-2014, 02:27 PMwestvleteren
Please ignore. I tried to upload a picture
01-21-2014, 02:28 PMelgaza26
I'm not quite following your question admis, what feature are we talking about?
01-21-2014, 02:35 PMadmis
Quote:
Originally Posted by westvleteren  View Post
See how the low reversed from the Single of a few days ago?
http://screencast.com/t/tyntYzRWDES
38 level reversal off the POC of yesterday AND Low volume node today. Almost trades out of the book.....
Hi westvleteren,
Try to add on your chart a composite profile as well. (see FT71 & L2ST) ;)
Cheers,
01-21-2014, 02:36 PMadmis
Quote:
Originally Posted by elgaza26  View Post
I'm not quite following your question admis, what feature are we talking about?
Il Quotidiano Gratis is looking for an arrows...
01-21-2014, 02:41 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis and how did you make it out?

glad we're getting some responds here

i hate any chart with bar set on time... so i have create new chart 36tick with system
i have gone to market on 2tick when the RSI crossed and this signal was like setup revers OFA (as often happens); plus there is no volume too..... exsaustion
on 36tick i got big ask volume that i hope it pushs the price up for cople days
the min price are the lowest one.

on 6E RSI crossed i like to much ahahahah
thank you elgaza!!!

http://my.jetscreenshot.com/19530/20...ygoz-211kb.jpg
01-21-2014, 02:41 PMTraderbeauty
out with 1 point gain-
on the 2 tick chart we hit the keltner and bar turned green, actually i should have gone long but hey- still made some to cover for the small previous loss lol.
01-21-2014, 02:43 PMelgaza26
I see I guess I missed that post, but one has to be careful with arrows, especially when it comes for indicators like these
01-21-2014, 02:45 PMelgaza26
Il Quotidiano Gratis practice practice practice and when you're done practicing, practice some more!!! and one day people will be thirsty for your words
01-21-2014, 02:52 PMwestvleteren
I do have them Admis. Thanks for your attention
01-21-2014, 02:53 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis practice practice practice and when you're done practicing, practice some more!!! and one day people will be thirsty for your words
i am not one... just share some thing when i can... if i was able to write better english, so i will can share more... slowly slowly :-D
yes i looking forward admis s'arrow :-D ahahahah

enjoy!!!
01-21-2014, 02:58 PMelgaza26
OK I had to make up for what I lost before and then some

have taken a short at right under the institutions my profit target is 1835.75 and if you look at your daily MP you'll see that it's one tick before the very edge of that belly allowing me to get out safely

Entry:

http://uploadingit.com/file/4xd7o6e4stcgcpmu/Entry.jpg

OFA:

look at the bunch of exhaustion on the OFA this was just too tempting and therefore 10 contracts

http://uploadingit.com/file/mutclqg3fycsia8z/OFA.jpg

Exit:

got my profit and price went down 2tks below my exit point, I guess you could call it a PERFECT trade for now
now it could still go down, but for that trade, it was safe, calculated and well executed, therefore I allow myself to call it a PERFECT trade

http://uploadingit.com/file/ksslaz3j69ddsmlu/Exit.jpg
01-21-2014, 03:02 PMelgaza26
westvleteren you see the difference between your ladder and mine, we here have the OFA and the ladder that I'm using which could show us exactly the same prints that you have right now, with all the numbers unfiltered, now to each his own, but for me I'm not a calculator nor am I used to analyze all those number, even if I did it would take me too long to do just that, so my ladder gives me only the institutions and allow me to make FASTER, more confident decisions about where I want to go with that.
01-21-2014, 03:08 PMelgaza26
sorry just fixed the exit picture to the right one
01-21-2014, 03:13 PMelgaza26
PLEASE GUYS/GIRLS I know you see me trading here with 5, 10 contracts and I know how you're doing the calculation as to how much I just made, but PLEASE don't be tempted to go with 10 contracts if you didn't master taking trades with the trend yet, or if you're not constantly taking profit from the market, you'll flash your account in no time, so for those who like what I used to be, DON'T BE like that, trade with 1 lot until you've mastered it, this way you'll have a better chance to be in the market when you've practice enough

good luck to us all
01-21-2014, 03:21 PMadmis
Quote:
Originally Posted by elgaza26  View Post
...I'm not a calculator nor am I used to analyze all those number, ....,so my ladder gives me only the institutions and allow me to make FASTER, more confident decisions about where I want to go with that.
Ha,ha That's good!...:D
01-21-2014, 03:23 PMelgaza26
ya admis, it sounds funny but I was like that, and got bruised quite a few times
01-21-2014, 03:24 PMTraderbeauty
Elgaza- thanks for a wonderful trading day.
I am done for the day- shame that this strong long came out of nowhere and did not give us a chance to hop on.
I have a short no stop at 42 with bracket order of 10 points target in case i get filled during the night,
i also have another one at 55 with a target down to 43 , hope it goes up there and fills me :)
take care and see you tomorrow.
Traderbeauty-Jane

Offline Sojourner

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Re: elgaza method
« Reply #17 on: March 12, 2014, 12:14:42 PM »
elgaza26
well we did have a clue for that and I mentioned it before that 26.25 was a major major pivot, and I missed it, but what can you do.

take care was great having you here, come back tomorrow,bye now
01-21-2014, 03:36 PMfedya9568
Quote:
Originally Posted by elgaza26  View Post
when you place the RJay.RenkoHybridBarChart.X86.dll and the BBTradesTradePack.X86.dll in the custom folder, those other files will be automatically created, so even if you delete those files it will be created again, so you don't want to delete them, the ...X86.dll files are the one you want in those folders
Hi elgaza26 and admis!
Good staff here.
I also have some problem with RJay.RenkoHybridBarChart.X86.dll. at my NT 14 does not work. I tried to follow both of you guys but without success. The type of chart did not apprar...:(
01-21-2014, 03:37 PMelgaza26
did you install the whole package as I provided?
01-21-2014, 03:40 PMthaomoua
Keep posting guys. I'm reading all your posts. Its just taking time to read and understand them.
01-21-2014, 03:42 PMelgaza26
what's hard to understand? the logic behind or English? cause some users here don't speak English so well.
01-21-2014, 03:51 PMelgaza26
OK guys & girls this is A VERY IMPORTANT POINT HERE, I don't know how many of you shorted this at the 35, 36 area, but if you did, than you still don't understand market context, this is why:

look at your daily MP, if you don't have it yet install it or look at posts before, it didn't change, and see why a professional trader would not short this area, you'll see that 36, 35 area is right above a point of rejection, so have you shortened it, you'd take such risk and the market is waiting for such amateurs like that, where exactly did you want it to go on a point of rejection? did you bet it to break right through? so if you did and got stopped out, well now you know why, this would be very confusing since we have a red triangle on 1838.5 and things looks great for shorting the market, in most normal cases it would, but reading and understanding market context will save you a s s from mistakes like that
01-21-2014, 03:53 PMfedya9568
Quote:
Originally Posted by elgaza26  View Post
did you install the whole package as I provided?
Hi elgaza, thanks for your response. Yes, I did all according to your instructions in your message No 258... In charts tamplets I have 2 and 6 ticks.. but I have no chart type as RJay.Renko...
01-21-2014, 03:55 PMelgaza26
see what is happening on the ladder?, the institutions are getting ready for a new level, we see something we did not see the whole day here, typical for this time of the day, just about before the closing bell for the index.
01-21-2014, 03:55 PMthaomoua
Its the logic. Don't get me wrong, I know how to read the price, SR, fib, etc. I'm just learning about rjay indi, the ticks, the OFA, etc.

Also my charts don't have enough data so I'm not seeing the entire pictures for the two rjay charts. So when you and tradebeauty talks about 30, 34, 35, etc I kind of got lost. But don't sweat. :)

Thanks again.
01-21-2014, 03:57 PMelgaza26
if you right click on the chart and choose "Data Series..."a window should pop up, the 2nd line from the top on the right panel it says "Type" look for RJay RenkoHybrid there
01-21-2014, 03:59 PMelgaza26
I don't understand why you'd wouldn't see the data, how many days of data can you have on your screen?
01-21-2014, 04:00 PMelgaza26
look at that guys, do you see what's happening on the ladder?

you don't want to be a apart of it
01-21-2014, 04:16 PMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
Off course, in The market context after this i entry in market when The rsi crossed i have watched on 6E that many Times when there is RSI crossed after signal reverse, it is coincide with setup reverse from OFA.

I hope that admis Will help me with alert o arrow in RSI indicator

Much thanks to All
Ok, Il Quotidiano Gratis. It's done, a candy arrows as you asked for: ;) /based on D3SpotterRSI + level alerts)
http://www.sendspace.com/file/3wf3k2
Cheers,

I believe you are able to find it helpful....
01-21-2014, 04:25 PMfedya9568
Quote:
Originally Posted by elgaza26  View Post
if you right click on the chart and choose "Data Series..."a window should pop up, the 2nd line from the top on the right panel it says "Type" look for RJay RenkoHybrid there
Here are couple of screens:
http://i40.tinypic.com/ohrfr5.jpg
and screen from bin/ custm
http://i43.tinypic.com/w1dymc.jpg
01-21-2014, 04:27 PMadmis
Quote:
Originally Posted by fedya9568  View Post
Hi elgaza, thanks for your response. Yes, I did all according to your instructions in your message No 258... In charts tamplets I have 2 and 6 ticks.. but I have no chart type as RJay.Renko...
Probably you have not available a slot: Final0 which use RJ RH

Read this thread to find a solution:
http://indo-investasi.com/showthread.php/22473-Rnko-Sp-ctrum?p=300883&viewfull=1#post300883
01-21-2014, 04:36 PMelgaza26
OK, so price has stopped at 1838.75 I think from here we're gonna see the 42 level met possibly the 45 later on this week, as I don't really see signs of weakness on the daily chart yet, the 60m & 15m chart show strength as well

having said all that, remember we are scalpers not investors, unless you're a swinger, it's another story, but if you are like most of us here, just a scalper, you need not take trades according to market analysis, but according to price action. MARKET ANALYSIS HELPS US CONFIRM THE TREND WE SEE ON THE SCREEN NOTHING MORE NOTHING LESS, if you're gonna take trades like that, you better prepare for a large account if you could afford that, there are many traders that trade like that, and it's fine too if this is your comfort zone, and provided you can afford it.

the style we show here is for scalpers and micro swings only, you don't see me go for more than 4 points in average, there will be the days like today if I got in at the 26.5 as I missed (look earlier posts) and I would let it run on a momentum ride like that, but that's not very common, and especially if you're a novice, you should stick to scalping a point off the market constantly, until you grow your cushion and when you're there, you could add more contracts, until you've mastered it and only then you can learn and expand your style, but until than if you want to stay in the market and be one of the %5 or %10 of those who survive this kind of a job, I really urge you to take my words seriously here and learn from those who were there and gone through the learning curve and the beatings, there is only a very small percentage of people out there who are unique and are able to learn from other's mistakes right from the beginning, I was not one of them, are you? I wish I could turn the wheel back in time and do things as I instruct here, well not's not gonna happen, but at least you could make a difference for yourself and give yourself a break and a chance.
01-21-2014, 04:39 PMelgaza26
fedya9568 not trying to question your intelligence but there is one more bar type there, did you scroll down? what's the last one there showing? is it not the RJ's one, I think it is ;)
01-21-2014, 04:43 PMfedya9568
Quote:
Originally Posted by admis  View Post
Probably you have not available a slot: Final0 which use RJ RH

Read this thread to find a solution:
http://indo-investasi.com/showthread.php/22473-Rnko-Sp-ctrum?p=300883&viewfull=1#post300883
Hi admis, thanks a lot for your suggestion.
Will check the links and come back..
Guys, have a nice day!
01-21-2014, 04:45 PMfedya9568
Quote:
Originally Posted by elgaza26  View Post
fedya9568 not trying to question your intelligence but there is one more bar type there, did you scroll down? what's the last one there showing? is it not the RJ's one, I think it is ;)
Hi elgaza26, of casue, I cehcked it. it is really out.. Will try to follow admis links and later let here know.. perhaps somebady will face the same problem...
01-21-2014, 04:51 PMelgaza26
OK for all readers here, I've been asked quite a few times and more so in my PM by many of you, if I could write a manual and instructions to the way I trade

guys, I came here first to look for some templates, that's it, I did not imagine it's gonna turn out to be like that, cause I had no intention of providing such info in the first place, writing a manual with all this information and spending all this time, I'll probably sell this product if I had it written down, I can't and don't have the time or enough reason to do such a thing, I think I contribute from myself a lot here, and a manual would not give all the topics and insights that I gave over this thread, so pleas just read all my posts on this thread and try to understand what I did, if you don't and if a manual is something you'd really care about, than you wont be successful, I'm here and almost no one is asking me questions, so what a manual could do for you already? I'd much rather have a person to ask questions than any over elaborated manual out there, well that's me at least, so I'm gonna mark this post number for further questions like this and refer this post to read, cause even what I'm writing here, I've repeated few times already, don't look for a shortcut, there's none, learn the stuff, this is not a regular kind of a job that you can just read and apply, the market has a rhythm and there are elements of greed and fear involved, yours and others, not everything can be calculated, so please read the posts and ask questions, I CAN'T DO MORE THAN THAT, SORRY AND THANK YOU, no offense please but try to understand my side here

good luck.
01-21-2014, 04:52 PMelgaza26
it's just that I saw another one peeking there and wasn't sure if this was it, no offense I don't know how familiar you are with computers so forgive me
01-21-2014, 04:56 PMnewbie0101
Hi elgaza, Thanks for all you are doing and have done. What you have shared here is very much appreciated.
I am still going thru the thread but wanted to let you know that your insight to the markets has not fallen on deaf ears and I for one am gaining direction by what you post--
Thank You
01-21-2014, 05:00 PMwestvleteren
Elgaza, I think you are delivering here much more than just a manual. But hey, that is how I experience the thread.
01-21-2014, 05:52 PMelgaza26
Thank you newbie0101 and westvleteren, I just can't understand how a manual can be more delivering than a live person willing to answer questions ???
01-21-2014, 06:23 PMIl Quotidiano Gratis
Quote:
Originally Posted by admis  View Post
Ok, Il Quotidiano Gratis. It's done, a candy arrows as you asked for: ;) /based on D3SpotterRSI + level alerts)
http://www.sendspace.com/file/3wf3k2
Cheers,

I believe you are able to find it helpful....
admis thousand thank you...!!!!!!!!!

can i set any alert for this arrows too??

so anyway this custom is the best ahahahah i like to much!!!!!!!!!
01-21-2014, 06:52 PMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
...

can i set any alert for this arrows too??

...
No. But you can simply adapt it. An example is already inside the code. In this way it'll be your real education.
01-21-2014, 07:00 PMIl Quotidiano Gratis
Quote:
Originally Posted by admis  View Post
No. But you can simply adapt it. An example is already inside the code. In this way it'll be your real education.
well done... so how can i make this edit -_-' ??

i tried to copy, past and edit part of sound allert of levSound... but there is levup and levdown and i don't know their functions, so i got a lot of error number "NoDoc" like in picture grrrrrr :-?

please, admis if you want explain how i can make this alert i will done... so if you want help me again for the last one putting this alert i will be very much grateful to you.

http://my.jetscreenshot.com/19530/20...y455-266kb.jpg
01-21-2014, 11:09 PMTraderbeauty
Hi Elgaza.
http://uploadingit.com/file/view/x6j...2022.57.45.png
The way normally I read the market is by watching what is happening NOW- what happened in the past WILL influence but the farther the history is the less is the influence-
When we see such a strong straight move up we should know that any short will fail unless its from a key extreme level ( like the 38 which was 2.618 ) with a proof for it like a little double - tripple top as we did have.
I thought it will go down to at least 25 or 38 fib but it did not-
We had to take the long the moment we got a signal on the 2 tick without even thinking.
Lets move to the next signal- instead of making a 1.272 it made only 112 which is a weak divergence-( a really good one would be a double top or the best is going up only one tick and then down).
I expected it to make a symmetry but it actually broke the bottom by one tick and went up from there.
Now- this is VERY IMPORTANT- breaking a bottom by one tick does not create a lower low, its a common trick by the big guys- they break the bottom, kill everyone's' stops and then go back- so if this is the case we were suppose to go long again once we had the signal-once we got to the upper keltner and it starts to go down we exit- no sense to take chances at these levels.
Then it happened again-broke the bottom BY ONE TICK- so we should have gone long again without even thinking.
As long as we dont have a lower low lower highs WE DO NOT TAKE A SHORT.
Good night- my orders are still in hope to get filled
Good Night and see you all tomorrow morning.
Traderbeauty-Jane

for some reason it does not show the image so here is the link---
http://uploadingit.com/file/view/x6jkewnzmkheangr/Screen%20Shot%2022.57.45.png
01-22-2014, 01:14 AMelgaza26
Hi Jane I didn't see your post cause I was glued to the screen JUST WAITING FOR THE OPPORTUNITY for me to come and it came big time.
so thank you for the analysis, I have to admit I did not quite understand where those 1tk that were broken were, but I guess will have to wait for tomorrow for you to explain yourself better for me to understand, I'm sure everybody understood but me, I'm a dummie

OK so read the next post I'll share my trade with you here guys and girls.
01-22-2014, 01:33 AMelgaza26
OK traders, I’ve done it once and you saw it in post #376 when I told you I was waiting for that range to be broken when it was ranging in the area of 40 to 44 if you remember, I put an alarm to wake up and I shorted with 10 contracts for 4 points.
If you watched the ladder today near the close of the day I told you in post #646 quote “I don't know how many of you shorted this at the 35, 36 area, but if you did, than you still don't understand market context”

And in post #648 quote “see what is happening on the ladder? the institutions are getting ready for a new level”

Today is not different, read my post #656 I made at 4:36pm as I summarized the market for today, I said quote “OK, so price has stopped at 1838.75 I think from here we're gonna see the 42 level met possibly the 45 later on this week, as I don't really see signs of weakness on the daily chart yet. the 60m & 15m chart show strength as well”

So I couldn’t go to sleep and kept on watching the market, had my dinner right on my desk, listen to music and even watched a movie with one eye, and did everything to burn time, just waiting for that area to be broken, the market is STRONG and I mentioned that few times today, look at your 6tks chart, not a sign of a red bar, just consolidation near the close of the day, but that’s normal. the OFA shows bunch of exhaustion tops and bottom on a very small range, and yet slowly and surly making its way up tick by tick I put my entry at 1838.75 which was 1 tick above the high of the highest bar on the 6tks (the one formed at 14:51 EST one before the last one at 4:00pm EST) and it hit me. I went in with 8 contracts this time, as you can see my exit target was right away from the beginning at 1842.75, 4 points run, for a $1600, that covered a bit the big move I missed today.
The daily MP explains why I chose this exit target

This trade is considered to be a professional trade, I don’t recommend ANY trader to go for long run like that, I know how the market moves and until you get use to it, go for a point and wait for the next setup, I done it for a while now, and in time you will be rewarded both ways, $$$ and knowledge

It turned out to be a PERFECT TRADE as well. as you can see that the market went 2tks above me and retraced right down, some asked me why I don’t reverse on those exit points and just make another “automated” trade if I know it’s going to reverse? the answer to you guys, is ITS NOT A SETUP, I want to see a setup forming on the screen before I take a trade, I also want to see that everything lines up, then and only then I take the trade, it doesn’t pay off to be greedy.

Admis mentioned today that I was greedy, YES it surely looked like that, and he wasn’t wrong by looking at my trade, but I wasn’t greedy, I did it so many times now that usually it works sometimes it doesn’t, so it’s part of my trading style

OK so here are the pictures for you guys to learn from:

Entry:

http://uploadingit.com/file/b0okkkfgilq4cz17/Entry.jpg

Daily MP:
Look at the daily MP I put my profit target 2tks before the lowest leg on that belly, giving myself the usual 2tks spread, I DID NOT GO FOR 4 POINTS CAUSE IT’S A ROUND NUMBER or cause I like to make that much, it just turned out to be 4 points in this case.

http://uploadingit.com/file/odbrjo9wkmu799t5/Daily.jpg

Exit:

Who ever watched this forming saw that it went so fast from 1842.00 to 1842.75 I manage to snap a pic at that level, but when wanted to do it again one tick away, it was too late, it got me out with my profit target

http://uploadingit.com/file/qxijph32dnedyufb/Exit.jpg

if anyone has question about this trade please post and I will try to do my best to answer to you guys.
and if everything I say is clear than go and practice, JUST PRACTICE, this is the only way to gain experience, it's sill hard for me to understand why people go to other threads for some new indicators when we spoon feed you here with some of the best indicators and strategies, with explanations, the most you'll get are signals like we get here, so STOP WASTING your time, and just practice on the strategy
oh well I can't babysit you anymore do what you want and look for more indie's

OK good night to you all it's 1:30am here, now I can go to sleep like a baby, LOL
01-22-2014, 04:51 AMadmis
Hi elgaza,
A few of guys in _o_f_a thread are looking for any help related with "elg@za of@.zip". I'm not sure whether you've sent them "your package"? It's not a toy for an inexperienced users...
01-22-2014, 05:02 AMdbz
Quote:
Originally Posted by admis  View Post
Hi elgaza,
A few of guys in _o_f_a thread are looking for any help related with "elg@za of@.zip". I'm not sure whether you've sent them "your package"? It's not a toy for an inexperienced users...
I am trading for more than 10 years now so please don´t confuse inexperienced user with people that has not the same "computer" skills as you.
01-22-2014, 05:14 AMadmis
Quote:
Originally Posted by dbz  View Post
I am trading for more than 10 years now so please don´t confuse inexperienced user with people that has not the same "computer" skills as you.
Ok. I'm sorry and don't be surprised. I don't remember you shared with us your trading knowledge and experience...
01-22-2014, 05:18 AMdbz
Quote:
Originally Posted by admis  View Post
Ok. I'm sorry and don't be surprised. I don't remember you shared with us your trading knowledge and experience...
i also love you don´t worry
01-22-2014, 05:53 AMadmis
Quote:
Originally Posted by dbz  View Post
i also love you don´t worry
Make some effort and try to share something with us instead of being sarcastic...
01-22-2014, 08:42 AMwizard101
http://charts.dacharts.net/2014-01-2...%20500-15m.png

we do have some confluent support here as noted with low risk buys imo....Trade with no more than %1 of tot acct equity per trade setup for long term survival with whatever one is suited time tested setups with at least thousands of hours of playback and live market forward testing to verify one's own potential into trusting what tools we have and combined with "excellent risk money management" to begin to have a chance in making it in this game....just my 2 cents worth...enjoying posts by elgaza,traderbeauty and the excellent sharing of others......take care all and good trading !
01-22-2014, 08:44 AMwizard101
http://charts.dacharts.net/2014-01-2...-15m%20ch1.png

reposted chart didn't save image properly....:))
01-22-2014, 08:50 AMStefco
Quote:
Originally Posted by wizard101  View Post
http://charts.dacharts.net/2014-01-2...%20500-15m.png

we do have some confluent support here as noted with low risk buys imo....Trade with no more than %1 of tot acct equity per trade setup for long term survival with whatever one is suited time tested setups with at least thousands of hours of playback and live market forward testing to verify one's own potential into trusting what tools we have and combined with "excellent risk money management" to begin to have a chance in making it in this game....just my 2 cents worth...enjoying posts by elgaza,traderbeauty and the excellent sharing of others......take care all and good trading !

Are those Murray Lines
01-22-2014, 09:11 AMwizard101
yes stefco they are murrey lines as an overall price disposition as to whether we are at an extreme overbought or sold and overlaid with fibo geometry, I tend to look for confluent areas coming together and also look at higher time frames for the bigger picture. I also look at 5 pt wave harmonic patterns within the context of the murrey lines also to measure risk/reward for example say point "d" to the "b" pivot "central pivot of a harmonic pattern..... I will tend to take off something 50% along the way between point d & b because evidently the bigger the reward, the less likely you are to achieve it, so always good to take off something.... In ninjatrader I also combine some momo analysis to time confluent areas "meaning 2 or more things that come together at a possible inflection point" ...... Some of the other lines are also 5 day ADR levels but again I don't just look for 1 thing at a specific area......hope it helps !
01-22-2014, 09:15 AMTraderbeauty
Good Morning everyone.
I got my order filled at 42 but i am still in, this has nothing to do with my day trading- this is another account i keep for positions.
right now the market is over extended and i love to short it at the highs with no stops and get normally 8-10 points - the surprises will come to the downside not to the upside-(imho ), but again- do not follow me- going to add another position short at 48.5.
Market stopped at 50 fib of that big up move so i expect it to go to 1.6 extension and i am waiting for it right there , already have the order so will be at the Q.
btw- elgaza- i did put the image link in my post from last night but could not see the chart - any idea why ?
i got the app as u said- what is the easiest and fastest way to use it ?
Thanks
Jane

Offline Sojourner

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Re: elgaza method
« Reply #18 on: March 12, 2014, 12:15:23 PM »
elgaza26
Good morning traders, IT'S GREAT to see some new names in this great thread, and some participation, I think the more you guys participate the hotter this thread will become, this is just great, I looked this morning at the chart and stood was quite surprised hat it reversed all the way down, as well was very thrilled that my exit was just too good to be true, but let me tell you something, I got FEW PM telling me "congrats you got lucky", well let me tell you something, if I filled the lottery and won, I'd call it lucky, what I did was not luck, you can't get lucky so many times and get perfect trades so frequent, this has nothing to do with luck, I said before and I'll say it again, I'm not a gambler, nor do I guess what's gonna be taking place in the market, those who thinks it's luck, just have lack of knowledge in this business and maybe one day will see it the way I do, that's it

so we hope we all have a good trading session today and love to come and see input of others.

elgaza
01-22-2014, 09:30 AMTraderbeauty
my current analysis is as follow-
very very simple- market reacted exactly at the 50 fib- so it should go to 48.5 till it gets there take a long only at any retracement.
01-22-2014, 09:37 AMwizard101
http://charts.dacharts.net/2014-01-22/mw-s&p%20500-15m%20ch2.png

we are also up into the extreme overbought
+2/8ths murrey area in 240 min s&p cash so as long as we hold this area, we are possibly going to see a decent selloff....key word here is "possibly" as nobody knows the next tick but just looking at probabilities here..... we got the decent bounce from earlier posted scenario from a confluent area, anyhow good trading to all and keep up the great posts !
01-22-2014, 09:37 AMwizard101
http://charts.dacharts.net/2014-01-2...-15m%20ch2.png
01-22-2014, 09:42 AMTraderbeauty
we hit the 88 fib and started to go down- navitrader saved us- no green bar from entering a long, we might head down from here- unclear for now.
01-22-2014, 09:44 AMwizard101
http://charts.dacharts.net/2014-01-2...240m%20ch1.png
01-22-2014, 09:45 AMelgaza26
OK traders I had a very quick trade here, just sat down and took a glance at the market so I'll explain the logic of this trade

ENTRY:
Look at the RSI on the 2tks, passed the %80, sorry but I just drooled over my breakfast, lol
as soon as I saw the triangle I took a short there with 5 contracts, this is not an area I'd like to short so much especially when we just retested it for the 2nd time, the volume bars are average so I didn't see any point of this move to go up against me, therefore it was a great entry

http://uploadingit.com/file/tcgvupvr4qk7dhwn/Entry.jpg

Daily:

the picture says it all

http://uploadingit.com/file/jpujmvl90ufiy0xw/Daily.jpg

Exit:

I call this a PERFECT trade according to my criteria, it went exactly 2tks under me and went up again to the same tick where I bought it

http://uploadingit.com/file/yhovxrcti2djknt6/Exit.jpg
01-22-2014, 09:52 AMTraderbeauty
target now is down to 32.75 where i am going to exit my 42 short :)
01-22-2014, 09:53 AMelgaza26
good luck Jane and to everyone else who is with us today

guys say hello, want to see who is with us
01-22-2014, 09:58 AMelgaza26
I didn't mention as well that we got +200 CCI reading on the 15m chart so I'm not looking for going long here yet, and on the ladder I don't see much institutions, just one print of 285 lots sellers on 1838.00 level, the 1838.5 is a critical pivot so will see what's happening, right now I'm confused
01-22-2014, 10:00 AMelgaza26
I believe we're about to see some chop in this area, cause it's pulling both ways, up and down right now, so heads up traders
01-22-2014, 10:02 AMTraderbeauty
****** market today- no continuation to any direction-
waiting for an extreme fib to enter
01-22-2014, 10:12 AMelgaza26
OK you see what I mean when I say were in a chop now how did I know that?

so the ares of business where the institutions wants you are at 37, 42 areas, 38.5 is a major pivot and 40.50 is still point of rejection and we are RIGHT IN THE MIDDLE OF THIS, so I said I'm confused, it pulls both ways, and when it's like that, the institutions are confused just as well, and they have to decide where they want to take it from here, leaving the uneducated trader in a blender to be crushed here, I'm not gonna take any trades in this area, since to me it's a GAMBLE so I'll wait it out to see how things unfold later on

does anyone have to say something about this analysis?
would love to hear what you think about it, or correct me if you think I'm wrong.

thank you
01-22-2014, 10:52 AMwizard101
http://charts.dacharts.net/2014-01-2...-30m%20ch1.png
01-22-2014, 11:00 AMelgaza26
OK one more for today for you guys to learn something from.

Entry:

I missed it by 1 tick, wanted to go in at 36.5 but I was too slow here

http://uploadingit.com/file/mjkxwb65kbltzqsv/Entry.jpg

Adding more contracts:

I placed an order to add more contracts at this level, it has passed the pick of the belly and the 2tks chart will tell you the other reason

http://uploadingit.com/file/tww38mhe0gwi7ocd/Adding.jpg

2tks:

http://uploadingit.com/file/f15h3eo8ycgydine/2tks.jpg

1st Trail:

the market is still in chop and I'm still confused about it, so I just trail it at critical ticks NOT JUST ADDING 1 OR 2 TICKS every time

http://uploadingit.com/file/4m0o6hcwz0qzt0fg/1.jpg

2nd Trail and my Exit:

I hoped for it to go back to the 42 area which would be nice for me but like I said we're still in a chop and I'm still confused, I play safe in situations like that

http://uploadingit.com/file/fc2yn0huansjbdfb/2.jpg


could anyone please comment I would love for criticism
01-22-2014, 11:01 AMTraderbeauty
elgaza-
can you please tell me how to use that app that you recommended ?
this way i will be able to post some images quickly.'so far market has been erratic- meaning if you look at a 4 tick chart which i m using all the time u can see that we had a lower low following by higher high following by another lower low- should i cry or laugh lol
still holding my 42 short but will exit at 33.75
01-22-2014, 11:07 AMelgaza26
you can cry or laugh, but I'm already laughing today, made $1250, in a choppy market, not bad for a start, lol
OK enough showing off here, so what exactly doesn't work for you with the app?
01-22-2014, 11:13 AMelgaza26
Admis this is for you, I don't quite understand why you wanted to see this but, what ever, here is today trades placed on my chart

good luck to us all

http://uploadingit.com/file/vl859j297ufthe2c/Admis.jpg
01-22-2014, 11:18 AMTraderbeauty
at last we got a nice fib- so now we have a potential short at either 38.5 or 39.5 with at least 8-10 points reward.
Elgaza- how do you take a screen shot just for one chart out of 6 that are in the screen ?
or do i have to enlage the one i want to post and just take a full screen shot every time
thanks
01-22-2014, 11:19 AMwizard101
http://charts.dacharts.net/2014-01-2...-30m%20ch2.png
01-22-2014, 11:22 AMTraderbeauty
http://uploadingit.com/file/view/3d8krrkv7lakdk71/Scre


i dont get it
anyone has an idea why my image is not being displayed?
here is the full link

http://uploadingit.com/file/view/3d8krrkv7lakdk71/Scre
thanks
jane
01-22-2014, 11:22 AMelgaza26
Jane I'm not a predictor like you like to do, but for a short term I could make quite good predictions
for a change I'm gonna make a long term prediction now, I think the institutions have collected so much money on these levels that we could visit the Niagara Falls soon, I think the market could fall to 1800 area maybe even lower to 1790 area making their profit there

but this is a prediction GUYS I DON'T TAKE TRADES UPON PREDICTION, BUT I KEEP AN OPEN EYE about those things to tell me where the market wants to go and therefore establish the trend that may take place before our eyes, surely I can't predict when this will take place, but THERES NO DOUBT IN MY MIND that we're gonna revisit these areas again

you need to understand how the institutions are trading in order to anticipate market moves or better yet big market moves like that
so heads up guys and pay close attentions

having said all that, I'm still gonna take longs of course cause we are scalpers and we take opportunities when the cross our path

good luck.

Jane what do you think? do you agree or do you have a different outlook on the market?
01-22-2014, 11:23 AMwizard101
http://charts.dacharts.net/2014-01-2...-30m%20ch3.png
01-22-2014, 11:24 AMadmis
Quote:
Originally Posted by elgaza26  View Post
Admis this is for you, I don't quite understand why you wanted to see this but, what ever, here is today trades placed on my chart

good luck to us all
Hi elgaza. Thank you. Perfectly done.
I wrote you, nothing more then to see the moment of order execution. If it's shown only a level of opened order and price is bouncing it is simply difficult to point the time of execution.
01-22-2014, 11:27 AMadmis
Quote:
Originally Posted by Traderbeauty  View Post
http://uploadingit.com/file/view/3d8krrkv7lakdk71/Scre


i dont get it
anyone has an idea why my image is not being displayed?
here is the full link

http://uploadingit.com/file/view/3d8krrkv7lakdk71/Scre
thanks
jane
http://uploadingit.com/file/3d8krrkv7lakdk71/Screen%20Shot%2011.21.31.png

http://uploadingit.com/file/3d8krrkv...2011.21.31.png
01-22-2014, 11:31 AMelgaza26
Jane, so this is the way to take snaps of the windows

if you right click on the chart you want to take a picture of, go to "image" and click "Save As" it will snap a picture of the chart, this is NinjaTrader feature
what I do is I went to control center, Tools, Hot Key Manager, just scroll down and find "Save As Image" and change it to Ctrl+Space, click OK, from now on just click the chart you want to take picture of and click Ctrl & Space, choose file name and save it

there are 2 other ways to take pictures in windows, to take an active window picture you just click Alt & Prt Scrn, open Paint program and paste it there you'll have the image of that window

if you do the same but this time Ctrl & Prt Scrn it will take a picture of your whole screen or as many screens that you might have, paint again and paste, when you save the pictures from paint click on file Save As, and choose Jpeg as this is the smallest size format you could get there

cheers
01-22-2014, 11:32 AMTraderbeauty
thx admis
so what am i doing wrong ?
i have the link address and i just put it in that box - add an image- but when i use this site i only get a little icon ?
i also wanted to post that image a little smaller because this is too big and u cannot see the area i was showing which we are almost there.
thanks
01-22-2014, 11:32 AMelgaza26
I don't know what to do with this market

any ideas?
01-22-2014, 11:39 AMelgaza26
the ladder shows only sellers so if we break down the 36.5 we could go for a run down to 34
01-22-2014, 11:40 AMadmis
Quote:
Originally Posted by Traderbeauty  View Post
thx admis
so what am i doing wrong ?
i have the link address and i just put it in that box - add an image- but when i use this site i only get a little icon ?
i also wanted to post that image a little smaller because this is too big and u cannot see the area i was showing which we are almost there.
thanks
Simply click on your picture here:
http://uploadingit.com/file/view/3d8krrkv7lakdk71/Screen%20Shot%2011.21.31.png
and then copy a link from an address field in your browser...
or just remove /view/ part from the address
01-22-2014, 11:41 AMTraderbeauty
Elgaza- this is the way i was posting all the time but now after downloading that app of uploadingit.com i have a cute icon on the bottom right of the desktop and when i right click on it i have an option of take a screen shot-
once u do that it does that automatically and within 2 seconds it uploads it and all u have to do is click there and get the link.
the problem is - when i insert the link it does not display.
here is the image- look at the cloud icon all the way to the right- its wonderful and you dont need to waste time naming or do anything. i thought that this is what you were talking about before.

http://uploadingit.com/file/view/mwjmaywtwfe4l97n/Screen%20Shot%2011.39.27.png
01-22-2014, 11:42 AMTraderbeauty
http://uploadingit.com/file/view/3d8...2011.21.31.png
http://uploadingit.com/file/view/3d8krrkv7lakdk71/Screen%20Shot%2011.21.31.png
admis----
it does not work- no idea why- maybe because when i get the image the app is posting it to firefox but i am using chrome now for this site?
01-22-2014, 11:45 AMadmis
Quote:
Originally Posted by Traderbeauty  View Post
http://uploadingit.com/file/view/3d8...2011.21.31.png
http://uploadingit.com/file/view/3d8krrkv7lakdk71/Screen%20Shot%2011.21.31.png
admis----
it does not work- no idea why- maybe because when i get the image the app is posting it to firefox but i am using chrome now for this site?
Insert an image in your post and as url put it:
http://uploadingit.com/file/3d8krrkv7lakdk71/Screen%20Shot%2011.21.31.png
01-22-2014, 11:47 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko%202.png
01-22-2014, 11:47 AMTraderbeauty
Quote:
Originally Posted by elgaza26  View Post
I don't know what to do with this market

any ideas?
elgaza- just short at either of the levels i posted before 38.5 or 39.5 for 8-10 points
regarding the long term- i usually dont do that but i definitely shorting with no stop every time we go to a high same as i did last night- still holding the 42 short
01-22-2014, 11:52 AMTraderbeauty
elgaza-
in the meantime you can go long till we get to these levels
01-22-2014, 11:54 AMelgaza26
I don't know about 38.5 39.5 do you think we're gonna get there?
the market is weak now it goes from chop to down to chop to down.....
01-22-2014, 12:02 PMelgaza26
I think we're going to explode soon, and I'm hoping to the down side, were not just in a chop but in what's called a squeeze, we might see a big move soon, I'll bet the 32 area again, but PLEASE don't act by that look at the chart and the trend, don't follow WORDS OF ANYBODY everything you need is right in front of you
01-22-2014, 12:06 PMTraderbeauty
Elgaza- all i can do is to act upon what the market is doing-
We had an exact 1.272 so now i expect it to go to at least 61 or 78
http://uploadingit.com/file/k3ekppk4...2012.04.01.png

THANKS ADMIS- that was the problem- i just eliminated the word- VIEW - wow- would have never noticed.
01-22-2014, 12:09 PMelgaza26
how to you measure these levels where is you starting point and ending point to get these readings?

Offline Sojourner

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Re: elgaza method
« Reply #19 on: March 12, 2014, 12:16:05 PM »
Traderbeauty
target for both entries is 34
not a bad trade- i am ready
01-22-2014, 12:15 PMelgaza26
OK I have to admit, I just gave 2 points back to the market, call me crazy but I saw weakness in the market and HOPED FOR, my bad, so don't think that everything I do is pink and wonderful, I have to work on my mistakes as well

ya, onto the next, don't let your losers bring you down, just reset yourself and get yourself to a new trading mode, don't get even with the market, just go back with a clear head and a winning mode

ya I was right I said we are in a squeeze and we're gonna see big moves here, as you can see, but I for one, lost on it

how did you guys do?
01-22-2014, 12:15 PMTraderbeauty
short 39.5 waiting
01-22-2014, 12:17 PMelgaza26
I had a bad trade here and I need to bury my emotions now, which are not too much right now, but still it always stays with you, you just have to know how to deal with it
01-22-2014, 12:21 PMTraderbeauty
not going to hold this one- exiting at 9.75 - will lose 1 tick lol
01-22-2014, 12:25 PMelgaza26
this is what you should learn from my mistake, I'm telling you my losers so that you can learn from mistakes as well not just the good one, these lesson sometime comes out to be one of the bests lesson you'll ever learn

I was long from 36.25 and got out 38.25 now I got to work harder to get it back from some one else out there.

2tks:

http://uploadingit.com/file/bfnhfhayi7dn8k0t/2tks.jpg
01-22-2014, 12:30 PMelgaza26
so what more could you ask from a signal?
we had a green triangle to the up side, a big volume telling us buyers are coming, this is actually a very classic entry you should all look for. and what did I do?
every thing I shouldn't have done, and let me tell you something else, if you think it's the last time I'll make those kind of mistakes, than you are mistaken now, they will repeat themselves but we have to do our best to make as less as possible, so I guess back to chop now.
01-22-2014, 12:34 PMTraderbeauty
Hi Elgaza-
todays market is really not consistent- this is a very rare situation- most of the time i can pinpoint every entry to the tick using my market reading method.
let me try to explain what i saw-
http://uploadingit.com/file/pa4j4fdt...2012.27.59.png
point 1- market stopped at 112 fib so i expected it to go up to 88 of previous leg - which it did- that is why i shorted at 42 - if i was there i would have entered 2-3 ticks better but i am not complaining.
i expected it to go and make a new low and thats why i had a 10 point exit but if u look at point 3 - market stopped dead on at the 50 fib and refusded to go down, so i assumed it will make the new high to 48.5 where i would short my kitchen sink but again- it made only 88 fib - see point 4 and started to go down, i change my exit to 33 but it made a double bottom minus a tick- see point 5 so now it all looks like noise - going to sit and wait , will short at 48.5 or exit at 33
01-22-2014, 12:41 PMTraderbeauty
Elgaza- sorry for the trade but i get these all the time and i just laugh at it ( with tears in my eyes of course lol ).
This is what i wrote at 11:47 and 11:52 - just few posts above #715 and 716



Quote Originally Posted by elgaza26 View Post
I don't know what to do with this market
any ideas?
Jane answer:
elgaza- just short at either of the levels i posted before 38.5 or 39.5 for 8-10 points
in the meantime you can go long till we get to these levels
and your system told us exactly the same :)
01-22-2014, 12:47 PMTraderbeauty
i use the last leg and from there i can predict where its going
01-22-2014, 12:49 PMelgaza26
I appreciate you input a lot jane, but you have to understand, have I done just that, it would mean I would have to change my style of trading, and stop being persistent, something that took me years to get to, I just should have stuck to my usual trading style and do what I do best, and stop analyzing, one should always stick to what he/she is good with, not try to excel in all areas, this is not college, we don't have essay's to submit, we need to master in one area and excel in it, THAT'S IT or better yet, THAT'S ENOUGH, and I didn't do that

Jane if I took your words and done what you said, I'd make money, but still be a loser, cause I'd go 14 years back to where I was, being dictated what to do and not use my strategy ( not that I did in this particular trade though )

hey many people here could learn from you and could gain, but I'm a tamed dog already and have an established style that makes me a great living

THANK YOU ALL and please drop your thoughts here, I always get to hear the same people all the time, come on guys you're missing out on the best thing that could happen to you in the trading world for free, LOL
01-22-2014, 12:51 PMwizard101
http://charts.dacharts.net/2014-01-22/mw-es-30m-ch3.png
01-22-2014, 12:54 PMadmis
Jane, could you shortly explain your 78.2 fibo level (not 78.6?)?:)
01-22-2014, 12:54 PMTraderbeauty
look at the 2 tick
we have h-h h-l
i expect it to continue long - the 50 fib is great- we have 3 items of confluence there- we have the 50 fib , we have 1 to one there- see the while dotted lines , and we have a previous resistance which will act now as support.
so once we get there i am going to go long if we get some consolidation on my 70 tick chart.
i might just wait for a nice green bar on the 2 tick chart will see when we get there.
now- if it does stop there and goes up then i know that the target is 1.618 fib extension and i will post another image later- so u see- i dont use any indicator to forecast my entry and i know my exit way ahead of time.
http://uploadingit.com/file/6mmp480h...2012.55.29.png
01-22-2014, 12:57 PMelgaza26
wizard101 I must ask you, and I beg of you to be honest with me here

I mean I'm not so sophisticated like you I'll bet, but to me this screen looks like a picture that I used to do in daycare putting the thread from one nail to another

no offense but are you using all the lines here?, could you REALLY USE all those line, I think you need to be super fast trader to take every signal that comes with all those crossing lines, how can you make a clear cut decision?

now having said all that I mentioned before, if it works for you than great and go for it, everyone will laugh at your idea until you make a $$ with it, so I'm not putting it down, just saying that TO ME I don't see how one could work from a screen like that, please enlighten me
01-22-2014, 01:05 PMTraderbeauty
Quote:
Originally Posted by admis  View Post
Jane, could you shortly explain your 78.2 fibo level (not 78.6?)?:)
not sure what u mean- are u asking why i use 78.2 or 78.6? it really does not matter because the market can miss it or overshoot by a tick or even 2.
78.2 is a very strong level- i always see a reaction there no matter how big are the legs- its amazing and i have no explanation for that so whenever i am in position i always watch the 78 level to make sure that the market will not reverse on me right there.
on the same token- if i believe that the market is going to change direction then i wait for a leg to show me a reversal at the 78-
let me explain a little better----
lets say that we have h-h h-l on the 2 tk and on the bigger leg- lets say 8 tick i expect the market to go to a level and go down from there- so here we have a confusion- on a small time frame we have an up pattern but on a bigger time frame we have a down pattern.'
what i do is as follow- and pay attention- there is a huge difference i this happens at the open or close to the open- if that is the case and volume is high then u just hop in according to the larger time frame once u got a signal on the 2.
but-------- when the volume is low and market is moving very slow like now- u need to wait for a confirmation of pattern change from the 2 - so i watch the 2 and once i get a reversal off a 78 fib leg that is where i enter - not before.
please ask anything you want to - will be more than happy to explain more
jane
01-22-2014, 01:14 PMelgaza26
Jane you see, this is something that can't be seen with the fib extension and that's tape reading, you can't just short when it gets to a level, I look at the OFA, the ladder and volume to establish strength, I confirm it with the CCI and usually am right and able to save my a s s from trouble (usually, lol)
01-22-2014, 01:16 PMelgaza26
this market is crazy and does not give you the usual trends, look a the hourly chart, big candles red and green no direction, it's good for scalping and not going for extended targets
01-22-2014, 01:28 PMelgaza26
OK this is something you should all learn now

look how we are in the 40 area, the well know rejection point

do you realize we're not reacting like a sling shot anymore to this area!!!

that means the institutions want to fill this cavity and there's gonna be a lot of churn in this area so heads up and pay attention

I wouldn't recommend for long shots here, NOT EVEN WITH THE FIBS, cause this kind of info can't be seen with indicators, you'll need to watch market breadth for that or understand the market better

heads up, if the institutions feel like they want to sell all the money they've collected until now, it could be in the 44-45 areas like I mentioned couple days ago

now I'm not analyzing again, but this is pretty immediate and will have to see how things unfolds before us until than, we all saw that anything could happen and the institutions are the one to say the last word

my only problem is I DONT SEE THEM my ladder is empty, this is why this market is confusing me
01-22-2014, 01:49 PMTraderbeauty
Elgaza- dont feel bad- today is a weird day- look at the 6 tick chart- the keltner is flat- horizontal which hardly ever happens.
i hardly ever short or long at a level without having some proof-
proof can be on the 1 tick chart or the 2 if i am less sure bu i always wait for a proof.
a proof that i usually use is a consolidation on my 70 tick chart. i also use gom volume delta on a 1 tick chart to help me with the decision, but that is why my stops are normally 2-3 ticks only.
01-22-2014, 01:54 PMelgaza26
I don't understand how you can work with 1 tick chart and going for 10 points, this is beyond me
01-22-2014, 02:26 PMTraderbeauty
the one tick is giving me an exact entry at a level that i believe will hold, from that level i forecast my exit- normally if you enter at 61 fib for example- your exit is going to be at least 1.272, it works like a swiss clock.
i am falling asleep here- going to close the store around 3 pm eastern no good trades beyond that time.
Elgaza- where do you live ? i am in california
01-22-2014, 02:35 PMelgaza26
I live in Toronto, and it's so cold here
hey Jane I take my hat off for you, if you can make it work, than all the best for you, I'm a just a dumb guy, lol

but I'll argue with you on the fact that there are no trades to take, you just have to be able to recognize it, and I do that all the time

OK traders look at this trade and understand why I was so happy when I took this trade

Entry:

this time I went in with 12 contracts cause I had a lot of confidence here for this trade, you all see the 6tks chart and understand that this area is a major pivot
now on the 15m chart if you look, you'll see why I said that the market is in a squeeze so when I got the signal up, I fired up big time and now I'm celebrating

http://uploadingit.com/file/yisbcijjmhwibfwe/Entry.jpg

Exit:

You'll notice that I respect the market and my capital, I explain my stop loss and look what happened right now, the market retraced from 2tks above me, to make this trade yet another PERFECT TRADE


http://uploadingit.com/file/jp2edvgqfeiffnb1/Exit.jpg
01-22-2014, 02:42 PMelgaza26
pay attention on the 2tks volume bar, I just don't know what to do with that, but you'll see some reactions
01-22-2014, 02:44 PMelgaza26
I'm dying to take this trade, but I truly don't know which way it goes, were are right in the sandwich
01-22-2014, 02:57 PMelgaza26
So I couldn't resist especially after the signal down, took a short on 39.25, 2 contracts only cause of the area we're in, right in the chop, and I don't want to be the tennis ball the institute are playing

http://uploadingit.com/file/jevbsu8tp3tr5lb2/Entry.jpg

I put a stop loss one tick to break even and pay for commission, very tight cause look at the institues, we got sellers and buyers, and I'm right in the middle, would you want to be in that fight between them? thought so, me neither

I got stopped out of course taking 1 tick with 2 contracts, $25, it'll pay for lunch today, lol.

Exit:

http://uploadingit.com/file/svno9fzy2lyhhios/Exit.jpg
01-22-2014, 03:11 PMelgaza26
See what happened now, I got out right in time saving my a s s from the shark, but I'm just a small fish, that is trying to swim with them.

OK guys/girls, I know how everyone here loves the OFA, and I do too believe me, but honestly, tell me how many of you could see that with the OFA?, a software that costs thousands of dollars, and yet doesn't give me the picture that I'M TRYING TO GET from tape reading, and yet another product just as good, a free version gives you what $.$$$ couldn't give you, so how much would you pay to get that reading I just got???

I'm saying all that cause again I'm telling EVERY ONE who reads this thread and is serious about becoming a professional trader, this package I provided to you HAS EVERY THING YOU NEED , all the tools you need to become a professional trader, the rest is not indicators but education, if you are looking for the shortcut, you won't find it in indicators, you'll find it in threads like this, and other sources of educational material, and if you listen to me and do yourself a favor, and save yourself the time and money, take this package and JUST PRACTICE become an expert in it and you'll be rewarded, the more you wait the more you're getting farther away from becoming an experience trader, PRACTICE, PRACTICE AND PRACTICE SOME MORE, you will become just that, I wasn't born with that, and can tell you that my knowledge came mostly from PRACTICING

OK enough said, I just wanted the newcomers to see this post
01-22-2014, 03:18 PMTraderbeauty
Elgaza- great trades.
temperature here is 70 F :)
I did not say that there were no trades today- there were- but some of them are more composed and complicated to explain in this forum, i did scalp few here and there for a point or 5 ticks , had few losses , but did not want to flood the forum.
i am done for the day so good day and see you tomorrow.
Traderbeauty-Jane
01-22-2014, 03:22 PMelgaza26
Guys do you pay attention to this area, every time we visited it in the past, we where banged back like a sling shot, look how the market feels comfortable now in this area, I did mention it before at the end of the day, a day or two before that the institution are getting ready to find a new level, and I said most likely the 42 area, look on the 2tks chart at market profile, see how this has become the belly of the day, that's how the market behaves, it fills the cavities, I mentioned long time ago that the market moves by 4 elements supply, demand, greed and fear, well never mind greed and fear, these are subjects to themselves but supply and demand, are areas where the institutions NEED to make business in and they are the bellies and cavities, you job is to identify which belly is next or which cavity is next, you do that and your belly would thank you.

OK click THANK YOU button for this info, LOL;))
01-22-2014, 03:23 PMelgaza26
we had a great day Jane, see you tomorrow
01-22-2014, 03:25 PMelgaza26
well I didn't really scalp here and there, but what I did, I showed it to you guys.
hoping everyone could benefit from these trades I took

thank you Jane
01-22-2014, 03:52 PMelgaza26
look at the ladder right now, as usual the institutions are coming in now getting ready for the next move
01-22-2014, 03:53 PMelgaza26
if we break 40.25 down, we'll know where they want to take it
01-22-2014, 03:55 PMelgaza26
most likely down, 900 lots in the buyers and they cant keep it up, what do you think going to happen?, Niagara Falls
01-22-2014, 03:57 PMelgaza26
you see, they don't have a stop loss and they got to work their trades, you can really see it in the ladder
just pay attention and you'll get the feelings.
01-22-2014, 04:00 PMelgaza26
1500 lots couldn't keep it up and therefore Niagara Falls, see
01-22-2014, 04:01 PMexp48967
Don't know if A M P demo get the same data but falled down :)
01-22-2014, 04:04 PMelgaza26
if you follow the ladder I provided, you'll see how they had to reenter at 1839 with a 1000 lots and 640 before that and so on, if it won't hold, expect more down side with momentum, it's a fight
01-22-2014, 04:08 PMelgaza26
the institutions are sweating more than us right now, 1838.75 is a major pivot as you can see here and I'm hoping for it to go down some more
01-22-2014, 04:09 PMexp48967
I get issue with the ladder template can't see nothing...i'm searching through your posts to find the right one.

Is this http://ppt.cc/ry4H at post #283 right?

At the end I did a fresh NT installation(deleted everything etc) and all is fine (excluding the ladder).

Offline Sojourner

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Re: elgaza method
« Reply #20 on: March 12, 2014, 12:16:56 PM »
elgaza26
exp48967 sorry, I read your PM but I'm in a middle of a trade, and will attend to it when doen
cheers
01-22-2014, 04:16 PMexp48967
NP man...do your job $$$$ :D

Finally i get all working (aside the ladder) and i'm happy.
01-22-2014, 04:44 PMelgaza26
OK good for you exp48967 now what's left is to practice a lot to become a good trader
01-22-2014, 04:58 PMelgaza26
OK traders so we had another winning day here, I don't think we had a losing day since we started this thread, and we had some very nice trades examples for you I think with a lot of learning material, you are all probably by now are better traders than before, with more knowledge and market outlook

I show you here my last trade for this session and this trade as well could teach you how to look at the market and anticipate it's moves even before the happen, like I show here

Entry:

I have anticipated the market move way before it took place, this is a professional trade, not for the novice, but the reasoning for this trade could teach you how I think when I place and order

http://uploadingit.com/file/uzbs1mowcw6jnhov/Entry.jpg


Exit:

what you don't see here is that when I got in we did not have all these prints, they came after, I had a profit target at 37.5 2tks above the last lowest leg you see at 37 on the 6tks, the above pic, but then this has happened and changed my whole plan, I took my profit target off, cause I knew it's a dream that will not come true and trailed it down, started very very tight, and the market closed at 39 as shown, I put my stop loss at 39.5 above the major area of action where the institutions took place and got stopped out when started, made my 1.5 points with 5 contracts adding another $375

http://uploadingit.com/file/akrhjwxc96ridfyr/Ladder.jpg


OK well that's it for another great day, here hope you had a good day too, and learned something here.

take care
01-22-2014, 05:09 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
OK traders, I’ve done it once and you saw it in post #376 when I told you I was waiting for that range to be broken when it was ranging in the area of 40 to 44 if you remember, I put an alarm to wake up and I shorted with 10 contracts for 4 points.
If you watched the ladder today near the close of the day I told you in post #646 quote “I don't know how many of you shorted this at the 35, 36 area, but if you did, than you still don't understand market context”

And in post #648 quote “see what is happening on the ladder? the institutions are getting ready for a new level”

Today is not different, read my post #656 I made at 4:36pm as I summarized the market for today, I said quote “OK, so price has stopped at 1838.75 I think from here we're gonna see the 42 level met possibly the 45 later on this week, as I don't really see signs of weakness on the daily chart yet. the 60m & 15m chart show strength as well”

So I couldn’t go to sleep and kept on watching the market, had my dinner right on my desk, listen to music and even watched a movie with one eye, and did everything to burn time, just waiting for that area to be broken, the market is STRONG and I mentioned that few times today, look at your 6tks chart, not a sign of a red bar, just consolidation near the close of the day, but that’s normal. the OFA shows bunch of exhaustion tops and bottom on a very small range, and yet slowly and surly making its way up tick by tick I put my entry at 1838.75 which was 1 tick above the high of the highest bar on the 6tks (the one formed at 14:51 EST one before the last one at 4:00pm EST) and it hit me. I went in with 8 contracts this time, as you can see my exit target was right away from the beginning at 1842.75, 4 points run, for a $1600, that covered a bit the big move I missed today.
The daily MP explains why I chose this exit target

This trade is considered to be a professional trade, I don’t recommend ANY trader to go for long run like that, I know how the market moves and until you get use to it, go for a point and wait for the next setup, I done it for a while now, and in time you will be rewarded both ways, $$$ and knowledge

It turned out to be a PERFECT TRADE as well. as you can see that the market went 2tks above me and retraced right down, some asked me why I don’t reverse on those exit points and just make another “automated” trade if I know it’s going to reverse? the answer to you guys, is ITS NOT A SETUP, I want to see a setup forming on the screen before I take a trade, I also want to see that everything lines up, then and only then I take the trade, it doesn’t pay off to be greedy.

Admis mentioned today that I was greedy, YES it surely looked like that, and he wasn’t wrong by looking at my trade, but I wasn’t greedy, I did it so many times now that usually it works sometimes it doesn’t, so it’s part of my trading style

OK so here are the pictures for you guys to learn from:

Entry:

http://uploadingit.com/file/b0okkkfgilq4cz17/Entry.jpg

Daily MP:
Look at the daily MP I put my profit target 2tks before the lowest leg on that belly, giving myself the usual 2tks spread, I DID NOT GO FOR 4 POINTS CAUSE IT’S A ROUND NUMBER or cause I like to make that much, it just turned out to be 4 points in this case.

http://uploadingit.com/file/odbrjo9wkmu799t5/Daily.jpg

Exit:

Who ever watched this forming saw that it went so fast from 1842.00 to 1842.75 I manage to snap a pic at that level, but when wanted to do it again one tick away, it was too late, it got me out with my profit target

http://uploadingit.com/file/qxijph32dnedyufb/Exit.jpg

if anyone has question about this trade please post and I will try to do my best to answer to you guys.
and if everything I say is clear than go and practice, JUST PRACTICE, this is the only way to gain experience, it's sill hard for me to understand why people go to other threads for some new indicators when we spoon feed you here with some of the best indicators and strategies, with explanations, the most you'll get are signals like we get here, so STOP WASTING your time, and just practice on the strategy
oh well I can't babysit you anymore do what you want and look for more indie's

OK good night to you all it's 1:30am here, now I can go to sleep like a baby, LOL

ELGAZA,
This is one of the best PRO level education for FREE. I am still trying to soak in. How do you know it will cross the little belly and go to 42.75? That is amzing.
01-22-2014, 05:35 PMnewbie0101
Jeez elgaza you ROCK, Thanks to all other contributors on this thread, come to mind Traderbeauty a.k.a Jane and admis
Wow if only I did not have to work my 2 jobs would have more time to reply with my Q's. Amazingly most are seemingly answered without even asking.
Thanks to all of you,
Ok going a little rogue here but----This is what makes this place so awesome in that you have different people coming together to share their knowledge to really "help others" with no strings attached.
Thanks guys and gals you are what makes this place!!!!!
You are all in my thoughts daily and they are good thoughts--LOL
01-22-2014, 07:03 PMelgaza26
Posted a bit late but the concept is worth learning

http://uploadingit.com/file/rutrczs1givaebco/60m.jpg
01-22-2014, 07:05 PMelgaza26
now look at your daily MP and tell me why did I chose to get out at this point?

Look at what happened it got to the exact point I predicted one tick above and retraced right down

I want to see who knows how I knew that at this tick it would retraced guys.
01-22-2014, 08:05 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
OK I have to admit, I just gave 2 points back to the market, call me crazy but I saw weakness in the market and HOPED FOR, my bad, so don't think that everything I do is pink and wonderful, I have to work on my mistakes as well

ya, onto the next, don't let your losers bring you down, just reset yourself and get yourself to a new trading mode, don't get even with the market, just go back with a clear head and a winning mode

ya I was right I said we are in a squeeze and we're gonna see big moves here, as you can see, but I for one, lost on it

how did you guys do?
AGAIN This is the BEST edu. Could you please post the trade (pic) with your analysis please? Thank you
01-22-2014, 08:11 PMelgaza26
Thank you SignalTime look at post #726 I explain there with the picture
01-22-2014, 10:41 PMelgaza26
Quote:
Originally Posted by elgaza26  View Post
Jane I'm not a predictor like you like to do, but for a short term I could make quite good predictions
for a change I'm gonna make a long term prediction now, I think the institutions have collected so much money on these levels that we could visit the Niagara Falls soon, I think the market could fall to 1800 area maybe even lower to 1790 area making their profit there
you need to understand how the institutions are trading in order to anticipate market moves or better yet big market moves like that
so heads up guys and pay close attentions
having said all that, I'm still gonna take longs of course cause we are scalpers and we take opportunities when the cross our path……..
I had to go with my kids and OMG, I just came home and SAW THAT, I didn’t think my prediction is going to take place so fast, well let me tell you something these area must be revisited, but I did not expect such a drop so quickly and TONIGHT, I thought it would sit in the 37 area again for a little while, but I guess we’re gonna see the ~1800 area soon, but the first major target is 1822 area from there I believe we will still see the general down trend down to 1810, all this could take few days now, but the pace this is going, who knows, my words may mean nothing, just assumptions
01-23-2014, 02:37 AMwestvleteren
Elgaza - regarding post 768: Previous High was 44 on MP 2 days ago. Next MP Value Area was within the Value area of the MP with the high at 44. Last MP opened within Value and went up to test the high, was rejected and market found support at the Value Area of the MP 3 days ago (34-32 area appr).
01-23-2014, 02:57 AMwestvleteren
Elgaza - Sorry I did not include screenshot in my previous mail.

01-23-2014, 03:33 AMIl Quotidiano Gratis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
with elgaza system on 6E i tried this
http://my.jetscreenshot.com/19530/20...uzcr-104kb.jpg

please admis.. i hope you will help me with RSI... thanks advance
i winner 100 pips to full leverage!!! it is closed few minutes ago
http://my.jetscreenshot.com/19530/20...-phpo-14kb.jpg
01-23-2014, 03:51 AMelgaza26
westvleteren VERY GOOD, I was wandering, did anyone realize that, and look it went to the tick
OK good to know someone knows something here, lol
01-23-2014, 04:55 AMelgaza26
Il Quotidiano Gratis that's amazing, I give you credit for that.

Now here is a guy who took the tools given here, applied it, and instead of looking for some other confirmations to appease his lack of confidence, he instead trusted the product and executed it, this is what all of you traders need to do, you need to excel in this not look for something easier, I'm afraid there isn't anything that could make it easier, if there was, I'd probably know about it, and so too other professional traders

Il Quotidiano Gratis I hope other people would learn from you, and I wish you best of luck in the trading world.

elgaza
01-23-2014, 05:58 AMwizard101
Elgaza HONESTLY I don't sit drawing crayon spaghetti lines that look like your past threading lol. I certainly don't involve myself drawing lines whilst trading to confuse myself or anybody else for that matter....The pitchfork is already drawn/modified beforehand until it no longer provides any geometric structural benefit in signifying possible points of inflection. The other lines mirriored are simply cloned symetrically off the pitchfork's angled lines "parallel lines" centered off prior structural highs/lows to "potentially" provide key supp/resist areas "zones" coupled with natural supp/resist lines, fibos etc to add further weight to high probability "turn areas".....ofcourse the market will do whatever it is going to do anyway and imho projections most of the time are meaningless as one can never predict the next tick I don't care what they use...
There are repeatable patterns though in the market that have been time tested over 100,000's of statistical sampled results +70% utilizing harmonic geometric patterns with a solid foundation spanning a century. But in all honesty the most imnportant ingredient is "rigid risk management" and not trading with "scared money" because as we know which holds many truths.....an 80% system/methodology can easily fail whereas a 40% win/loss ratio with a better than 2:1 reward/risk will still have a positive expectancy in the long run..... Also, as harsh as this may sound, one cannot present their own style/mix of trading setups to another trader/newbie whatever.....You can teach them to fish but in the end, it is up to each individual again after spending lots of screen time to find what works for them......Having been around many rooms/forums/mentors since my uni days there aren't many out there you can trust and if one is going to spend any quality time following a paid mentor, you better have him/her present their actual logs over at least a period of 6 months imo before trusting your hard earned money......Anyhow good trading to all and just be careful out there because one may have their eyes open but may not necessarily be able to see.......Sorry to waste my time and spaghetti lines on this particular forum.......http://charts.dacharts.net/2014-01-23/mw-es-30m-ch1.png
01-23-2014, 06:01 AMwizard101
rightmost part of the chart reloaded http://charts.dacharts.net/2014-01-23/mw-es-30m-ch2.png
01-23-2014, 06:07 AMelgaza26
Hey hey wizard101 please that comment was not meant to offend you in anyway, but merely to show my ignorance to your method, if you read my comments before I said that everyone will laugh at your idea until you make a dollar with it, just because I don’t understand it does not mean it’s not good, and if it works for you STICK TO IT and excel in it, I’ve mentioned that many times as well, SO PLEASE DON’T GET ME WRONG HERE, I did not mean to put you down, and from reading your post now, I can tell you’ve been around for a while and I respect that, those words you said were right on and correct, so please don’t disappear on us now, and forgive me for giving you the wrong intention, I’m the one who’s not educated with this not you
And thank you for replying back, I have a lot of respect for you.
Thank you
01-23-2014, 06:19 AMexp48967
Can someone post working ladder template for the system?

Thanks in advance.
01-23-2014, 06:21 AMelgaza26
Good morning traders I hope you’re doing well, you all witnessed what happened in the market in the after hours, I as for one missed it, and it’s not the first or last one I’ll miss, but the difference between a professional trader and one that’s less, is, for a regular trader, trading is like a 9 to 5 job, for the pros it’s from opportunity to another, it’s like comparing a nurse to a surgeon, a nurse comes to work, a surgeon is being called for, this is how the market is to me, when you start to master the trading art and constantly do well with it, than confidence will not be your problem, and opportunities will be a challenge and fun, not a threat of the possibility to lose money, but until then you’ll need to do a lot of practicing of mastering trades with the trend

OK enough with the mentality let's go straight to business

Entry:

http://uploadingit.com/file/ft5ngegwantlebik/2tks.jpg

OFA:

http://uploadingit.com/file/g7hpnvvkyliwvgbr/Entry.jpg

Daily:

http://uploadingit.com/file/bmootpk9jn3u0wjw/Daily.jpg


I'n not gonna provide the exit picture, you'll know it, it's either my profit target or my stop loss

Good luck trader and please if I said ANYTHING THAT MAY OFFEND SOMEONE PLEASE FORGIVE ME I did not mean to offend anyone or patronize anyone I sometimes may say something that may be taken wrong, so forgive me for that my friends, I'm here to help and not to put anyone down

I hope I was of help to you guys until now, and hoping to continue to help, you can ask me any question you'd like and I'll do my best to give you the best answer to my knowledge

take care and wish me luck on this trade

I'll explain later why I chose this particular exit point, or maybe better yet let me come back and find you by you guys as to why I chose this tick, could any one tell me, we went so many time with this and you should get the picture by now.

cheers
01-23-2014, 06:28 AMelgaza26
here is the 6tks with the stop loss

http://uploadingit.com/file/kncbycwb1w3nifgd/6tks.jpg
01-23-2014, 06:31 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis that's amazing, I give you credit for that.

Now here is a guy who took the tools given here, applied it, and instead of looking for some other confirmations to appease his lack of confidence, he instead trusted the product and executed it, this is what all of you traders need to do, you need to excel in this not look for something easier, I'm afraid there isn't anything that could make it easier, if there was, I'd probably know about it, and so too other professional traders

Il Quotidiano Gratis I hope other people would learn from you, and I wish you best of luck in the trading world.

elgaza
I think we are here to make position on reverse point.
So what tools do we get?
Chart 36, 6, 2 tick renko with indicator for identify swing and so any reverse.
With renko bar we got any bar with the same range , then When we watch woodsCCI and RSI we watch the true.
After we use to watch volume indicators just to understand we there is much or little volumes, this indicator say us in advance where price will go.
I am testing on 2tick another indicator based on Delta to understand for exsample When buyer finished to buy and start seller's action
For finish we use footprint not easy to use it if not to know Its setups, but i think foot + swing are the heart of this technique.
We not forget to use any levels price like to pivot point or channel...

After there are other advance tools but this do not needs until we have mastered every aspect of the method.

After i consider for any aspiring trader (i for frist) much much time to practice and even more willingess to achieve a purpose.

Ps i am nobody... Do not believe me... But Try Now to test any thing with yourself, to understand if it may be true...
01-23-2014, 06:47 AMwizard101
Hey Elgaza no offence man, you're cool and also keep up the great work.... I really do love your template as well and this is really a good sharing forum as I have mentioned before....take care :))
01-23-2014, 07:23 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch2.png

Also like to vary technicals using momo based off John Carter's excellent approach...Had Dax shorts in mind from 9730 area took the sh off a simple squeeze with the trend retrace this morning .....
01-23-2014, 07:25 AMwizard101
lol missed right entry part of the chart again....http://charts.dacharts.net/2014-01-2...-renko-ch3.png
01-23-2014, 07:27 AMwizard101
http://charts.dacharts.net/2014-01-2...ax-15m-ch2.png
01-23-2014, 07:29 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch1.png

ES scenario !!
01-23-2014, 07:30 AMwizard101
http://charts.dacharts.net/2014-01-23/mw-es-ch2.png
01-23-2014, 07:42 AMwizard101
http://charts.dacharts.net/2014-01-23/mw-es-15m-ch4.png
01-23-2014, 07:48 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch4.png
01-23-2014, 07:50 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch5.png

keep missing the far right...grrrrr :))
01-23-2014, 08:00 AMCashManic
Nice wizard.I like your use of various indicators from different systems to probe the potential sweetspots.The fact that we have so many different systems for Futures at I-I gives that ability to anyone who's a member.Frankly Indo is the only place on the net that empowers anyone with such tools.
BTW @elgaza is that 10 cars I see that you are trading with mate? Just curious;)
01-23-2014, 08:25 AMwizard101
thanks Cash yep i trade various markets depending on atr "volatility" analysis carried out as well as forex as I don't like to be particularly stuck with 1 market which at times can be stagnant as we all know.....I usually trade 5 cars on dax/bund markets and also up to 10 on ES if I am around that late or just help out some private traders with potential sweet spot areas....I do consider myself fairly well rounded and was once part of Tim Morge's Market Geometry group for several years. I also have posted thousands of charts using real time momo formations on www.dacharts.com over the last few years but took a break for travel and just off the speed scalping lol..... One doesn't need to overtrade anyway. I do consider myself an advanced momentum trader in addition to price action due to the length of time learning " continually learning and improving" and just looking for repetitive patterns although in all honesty I can just trade off parallel lines/trendlines/supp/resist with some profile work. I do also love "if not lazy" lol incorporating 5 pt wave harmonic patterns "x-a-b-c-d" geometric pattterns, your gartleys, bats, crab patterns adhering to their respective fibo areas with murrey math overlaid .....I tend to do that though on larger time frames for trading fx on a swing trading basis as I don't like to spend too many hours behind a pc scalping and overtrading.....we only need to master 1-2 good highly probable setups and that's it.....I come from a design engineeering background which I hardly spent more than a couple of years as this is what I love doing as sure many others do.... again thanks also for your sharing and to the rest of the group, at the end of the day this is hard enough as it is and the market is big enough for all to take a chunk....:))
01-23-2014, 08:31 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch6.png
01-23-2014, 08:41 AMelgaza26
Good morning everyone we are hoping for a good day today

and CashManic yes that's 10 cars why?
01-23-2014, 08:51 AMelgaza26
Aha, how nice it is to come back home and find your account $3000 bigger.
And yet another PERFECT TRADE, I had a perfect entry and a perfect exit on this trade, and again, this is considered to be a professional trade, can’t really recommend the average trader to take such risks or even to go to such long targets, but I’m used to this already and doing it every day, now enough with buffing my ego here.
This stuff I’m writing here is for those who needs a boost and for those who are serious in becoming a trader and not just a robot automated machine that works on signals only.
I said when posted my pics on this trade “I placed my profit target at 1830.50, we have been there already but for now it looks the safest and most I could expect from the market to reward me....” and look what happened, it filled my order, went down 1 tick and from there we are at 3 points up already as I write this, what are we learning from all this my friends? We need our indicators to give us signals, we need the charts to give us the trend, and we need market profile to give us the bigger picture, so now count how many indicators gives you signals, you know what let me put it this way, do you even know what to expect from your indicator? Are you looking for signals from every indicator you have on your chart? If you are like I was, you’re in trouble, my screens used to be full with all kind of good indicators we find out there, I used to have the stochastic, macd, rsi, cci, moving averages, Bollinger bands, pivots, lines all over the place, the opening of the day, the close of the day, daily moving average, arrows, does it sounds like I’m painting your chart here?, I’ll tell you one thing, I knew EXACTLY WHAT I SHOULD HAVE DONE after the fact, but NEVER did I know what to do before the indicators printed, does it sound familiar to you, I’m sure it does to most of you there, I never had a true confidence to click the mouse and when I did and it didn’t go my way (of course), I said to myself “darn I should of gone with that indicator, it had a perfect signal” and so forth every time same reaction about a different indicator, the bottom line I was more confused and couldn’t make a thing with my chart, but I can tell you one thing for sure, if you looked at my chart IT WAS AWSOME, it looked so good and perfect, yes but only after the fact
Guys and girls, if you were to learn a profession let’s say a mechanic for example, would you doubt a professional mechanic criticism? NO, you wouldn’t or any other profession for that matter, so why when it comes to trading, is it hard for people to take advice from professional traders? And I’m talking about myself right now, why was it so hard for me to listen back then to the advice of professional traders? Why did I think I can do better than them? And that I’m smarter? I think the answer is because of the simplicity of the market and the fact that you could be either right or wrong, it’s either going up or down, seems easy to bet for the direction and when you watch with your eyes, you know it all, (again I’m talking about myself here), then when you’re in, EVERYTHING is not what you thought when you were just looking, did it happen to you? Well it did to me so many times and for a while. Until the day I swallowed my pride and understood that I don’t understand a thing. So I started listening to professional traders and with my head down, I tried to emulate their steps, and you know what I got the same results as they did. And today I’m getting even better results than some of the professional traders that I’ve learned from. So I’m giving you a gift here, the gift of knowledge on this whole thread and some of you I know will do well with it and some of you will read, enjoy and appreciate and then continue looking for more signals
To sum it up, I’ll tell you one thing I’ve learned about myself, all those indicators I had on the screen only showed how much I didn’t know and that I needed more and more confirmations, and they did come, except I didn’t know what to do with them ALL.
01-23-2014, 09:05 AMwizard101
http://charts.dacharts.net/2014-01-2...weekly%201.png
01-23-2014, 09:10 AMTraderbeauty
Good morning-
What a great night- got rid of my 1842 short at 1832.5 for almost 10 points :)
ready to rock and roll.
01-23-2014, 09:10 AMwizard101
http://charts.dacharts.net/2014-01-2...00-15m-ch1.png

Offline Sojourner

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Re: elgaza method
« Reply #21 on: March 12, 2014, 12:17:43 PM »
wizard101
http://charts.dacharts.net/2014-01-2...-3-1-renko.png
01-23-2014, 09:23 AMelgaza26
OK so made another trade

guys another very important point to make, make sure that your computers are clean and not running too many things when you trade, I just had my computer crushed on me and can't really explain why at this point, needed to restart every thing from the beginning, I hate when that happens, my NT7 also crashed so I had to repair the data base once it started up again.

Entry:

http://uploadingit.com/file/mqfhxavkq9kp1yrl/Entry.jpg

Exit:

http://uploadingit.com/file/6medn9zqd2fmeshb/Exit.jpg

I was lucky enough that it crushed after I got out cause then I'd be nervous never the less I only shorted one contract cause this level in the market is not very clear as to where it want's to go, I mean we all see how it pulls down, but the question is it gonna be now or are we going to build a level here first?

hey guys posts your trades and show us how you're doing it will give a boost to some other traders to do better

Cheers
01-23-2014, 09:29 AMwizard101
missing the right hand price scale but you can see this was the last ES setup using 2 different analyses pointing to the same thing creating confluence.....the last chart was sufficient in having provided a clear low risk entry off the channel with the 1,27 ext and diverg.... the prior down move was also evidenced with some "trend continuation" squeeze patterns with lower highs/lows the down waves bigger than the upwaves also signifying weakness....When you start to then get corrective waves largger than the preceding waves in a particular "trend environment" trend defined respectively in the time frame in which one is applying it to, then you have this "overbalancing" of wave structure which unfolds and adds weight to a countertrend setup which could also be a corrective pattern in a larger degree trend......just my 2 cents worth !
01-23-2014, 09:29 AMminch
....................
01-23-2014, 09:31 AMelgaza26
so I said last night and a couple day ago that the institutes have to go to a level where they can buy their lost again and I said it will go to the 1800 area maybe even the 1790, as well the 22 are and a bit above is soon to be met as we all see before us, but hey anything could happen now, never the less what I said will take place sooner or later
01-23-2014, 09:32 AMelgaza26
Hi minch really great to see you with us here, I do realize that and was told that once, but what can I do, I don't know if I have any other option
01-23-2014, 09:39 AMminch
..................
01-23-2014, 09:44 AMelgaza26
OK took another trade short 26.25 and put a very tight stop loss of 1tk at 26.5 I almost bailed out when I saw 782 lots in the buyers but then it went down, so then I placed the stop loss at 1tk profit, cause I knew they're gonna fight for their money and I'm not going to win this, and YES got stopped out with 1tick profit, it continued going down, but this is way too risky for me to be in, you see how this level react

I don't know if you want to see the pic so will skip this one though I did snap it
01-23-2014, 09:46 AMelgaza26
it's sounds good and safe, I just don't know how I'm gonna manage 2 computers at once when I'm concentrated on the market
but running 2 computers with NT7 is a very good idea, I just wish I could be logged on with both computers and one account, I don't know if this is possible at all.
01-23-2014, 09:51 AMelgaza26
OK guys you see the 22 area did come to play as I predicted it a day or two ago, and last night I did talk about the 22 area way before we the Niagara Falls, I lost a point because of that for those who remember, I acted upon my prediction and not by price action, this is why analysis is dangerous, is't good to do if you know how, but your action should always be by price action, having the analysis at the back of your had, I didn't see it coming that quick as I said but it did.

the 1800 and 1790 will come as well you know, it's how the institutions are thinking not how we think or want the market to go
heads up guys
01-23-2014, 09:53 AMminch
.................
01-23-2014, 09:54 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch4.png
01-23-2014, 09:54 AMelgaza26
26 is a VERY critical point MAJOR MAJOR MAJOR pivot
01-23-2014, 09:57 AMminch
...............
01-23-2014, 09:59 AMelgaza26
Hey I'm always open for suggestions, does anyone have this indicator to share so we can all benefit from minch's idea
01-23-2014, 10:00 AMwizard101
that red fibo line is the 1,618 with diverg off the lower ch for a nice bounce back to its respective upper ch, we are thus far holding symmetry here and a change in behavior will be a clear brk outside and above the channel with what usually follows is a retest which becomes a higher low iff are going to see any structural change imo otherwise the trend is still down with a lower high test at the upper ch and also had hidden "reverse diverg" with the trend "that is the momo osc making a higher peak whilst the price making lower highs signifying it is weak in so far as momentum is concerned......most important have a game plan, follow your rules, money mgmt preferably with a 2:1 reward/risk to keep your wins greater and losses smaller.....
01-23-2014, 10:05 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch5.png
01-23-2014, 10:08 AMwizard101
http://charts.dacharts.net/2014-01-2...-renko-ch6.png
01-23-2014, 10:11 AMelgaza26
minch, every time I log in with NT7 in one computer it logs me off from the other, how do you do it?
01-23-2014, 10:13 AMwizard101
http://charts.dacharts.net/2014-01-23/mw-S&P500-60m.png
01-23-2014, 10:15 AMminch
...................
01-23-2014, 10:18 AMelgaza26
aha, makes a lot of sense thank you.
ya it's the NT7 that logs me off not logging to my account, thank you will do
01-23-2014, 10:18 AMwizard101
http://charts.dacharts.net/2014-01-2...-6-3-renko.png
01-23-2014, 10:21 AMwizard101
http://charts.dacharts.net/2014-01-23/mw-es-15m-ch2.png
01-23-2014, 10:27 AMwizard101
also held 1,618,2,618,100% ext down into a supp ch and 4/8ths murrey equilibrium line with u/o stoch diverg "a very potent high prob" momo read from confluent area.....this happens over and over again where so many things line up for both "continuation-trend setups" as well as potential key turning points....it's just probability game where you place the odds in your favor and with some good risk management one can survive in the long run...ofcourse today was a lot better than yest but there was the anticipation of a breakdown from overhead resistance for today......i would still like to see at least 2 structural previous highs taken out for a bias favoring the bulls....that's it for me gang time to wind down......
01-23-2014, 10:27 AMelgaza26
wizard101 you really are a wizard, how many different screens do you have?
01-23-2014, 10:33 AMelgaza26
DO YOU ALL REALIZE what's happening here, look at the 22.25 down to the tick, it's going through consolidation on this tick and then goes down, the market has certain points that have to be met and when it comes there you got to open a new page and redesign your game
that's why I like the ES cause it's so predicatble
01-23-2014, 10:34 AMwizard101
Hi elgaza i have 3 screens but don't need more than 2....I am use to switching multiple workspaces/screens etc and looking at multiple time frames.....lol .....got taught on multiple time frames from when i began so that kind of blended well for my style....
Today was no doubt a good day with nice swings for the taking both with the trend and counter trend although just keeping a trail stop above structural highs was the ideal stress-free way to do it with ample opportunities to add to winners from tests holding symmetry of a defined channel
Good trading to all, have a great weekend.... I only like to trade 2-3 times per week with the intraday stuff.....
01-23-2014, 10:37 AMwizard101
I would like to see 1827, 1834/35 tgs to the upside if we can hold curr low as no doubt got good potential support here .....key word potential ...lol .....anyhow take care all and good trading !
01-23-2014, 10:41 AMelgaza26
Hey good for you, the good thing that people should learn from you is, that you got your way of trading and won't let anyone tamper with it, that's good, this is what I do when I get suggestions from people as to what I should do or done, I listen with respect but only apply it to MY strategy, and won't change it, it took me a while to get to what I am today, and I'm proud of that, but the key to success is persistent and practice.

proud of you wizard
01-23-2014, 10:43 AMelgaza26
OK guys here is what I didn't tell yo yet, I lost 2 tks here trying to go long and it caved on me as this level is erratic and you can see it on the OFA it looks like my house fense
01-23-2014, 10:44 AMelgaza26
But heads up guys, look at the hourly chart, and the volume bar there about 500K in the last 2h alone
01-23-2014, 10:46 AMelgaza26
wizard if you're in a long position I'd get out at 26.5 wouldn't wait for the 27 to come
01-23-2014, 10:46 AMwizard101
likewise too elgaza much appreciate every input from you as well as Jane and others....it would be great for other traders to also step on board and share their setups/ideas....I am sure there are many good traders in here as we should all be humble and go by the "kaizen" approach that been "continual learning" to improve even though we stick to our own style....this is what is so fascinating about the tools of the trade !!

take care all !
01-23-2014, 10:48 AMelgaza26
if you got your 15m charts open a BIG EYE on it
01-23-2014, 10:50 AMelgaza26
wizard trailing would be a good choice here, cause with this market and the volatility, you just never know if it's gonna go north and get to CANADA
01-23-2014, 10:54 AMelgaza26
you see how this level hold, look at your OFA the exhaustion signals are on top and bottom, I mean they themselves don't know where the market will go, now it's a matter of few bars to decide so heads up cause it could be quick, this is DEFINITELY not a level to get stuck in by the institutions so look for some moves from here to the up side or the down side

if the down side than we're gonna see the 17 area if the up side than 25.5 area more higher or under it's hard to say
01-23-2014, 11:14 AMelgaza26
for all those who are in a search of indicators, take a look at the 6tks, as much as I love this N@vi Tr3nd, on a trending days like this NO INDICATOR can give you highs and lows, this is why I stress and tell you so many times signals are not enough if I didn't know market context I'd flash my account 3 times or more today, so learn market profile and tape reading and apply it to the chart, you do that I promise you, you would make a living that only a small percentage of us are making if that's what your after
I'm after the challenge and good feelings I get when I get perfect trades, the reward comes with it.
01-23-2014, 11:20 AMelgaza26
are there anybody here with me on this ride?
come on guys tell us your experience

I'll post the trade when done, my patient is paying off now
01-23-2014, 11:22 AMelgaza26
I just hope it won't go down and take me with the stop loss, cause I think we're about to reverse now

Offline Sojourner

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Re: elgaza method
« Reply #22 on: March 12, 2014, 12:18:20 PM »
elgaza26
see the CCI on the 6tks going above the 0 line, that means our trend is reversing to the up side, CCI IS NOT AN ENTRY SIGNAL be careful when you use is as a signal indicator
01-23-2014, 11:27 AMelgaza26
if we get to pass 23.25 we might get to see 25.75
01-23-2014, 11:29 AMStefco
We are still in the background learning elgaza26 and thanks again.. can you check your private message ..not sure whether it reach you
01-23-2014, 11:33 AMCashManic
Quote:
Originally Posted by elgaza26  View Post
Good morning everyone we are hoping for a good day today

and CashManic yes that's 10 cars why?
No particular reason. was just curious. Happy to see your insightful and innovative posts causing a positive mindshift with readers of your thread. Good on ya mate.:)
01-23-2014, 11:35 AMelgaza26
Stefco thank you very much for that, it's hard to look at all the screen and price action at the same time and still look at that little corner where PM notifications are, lol
01-23-2014, 11:40 AMelgaza26
darn took me out with one tick profit only, I'm gonna try again when I get next signal
I was at 21 long and put my profit at 21.25 and it got me as it went down to 21 as you can all see
01-23-2014, 11:45 AMwestvleteren
POC shifter lower, Value area shifted lower ===> Market is accepting lower prices
01-23-2014, 11:48 AMelgaza26
I'm not gonna give up on it so easy, and if it's the institutions I'm fighting with than let's get it on

went back in again but that does not mean it won't just turn around against me again

so why did I go in this trade with 10 cars, look at this 15m chart of beauty, I told you guys few posts before look at the 15m chart with a wide eye open, well I do what I advise to others, you see the RSI how low it was, right next to the %20 and the turbo line at the CCI crossing the 0 line, now look at the bars themselves, THEIR GREEN yes not red any more, so which side would you like to be on that setup I ask you, short or long?

I want to be long big time and therefore went in with 10 cars, I'll put my stop loss again with 1 tick at hopefully let it ride or take me out with 1 tick profit again like last time

Entry:

http://uploadingit.com/file/dccblonybgauqiow/Entry.jpg
01-23-2014, 11:57 AMelgaza26
that 22.25 area as I mentioned is magnet as you see, now that cannot be acquired with an indicator, fibs and stuff like that ALL THE TIME but with MP you’d have a better chance
I know what you’re thinking I’m out already, well not quite yet I’ve placed my stop loss right under the last 15m bar, 3tks risk for a few points ratio, it’s well worth it and now we see it happening and hopefully will hold, I will lift it up soon to 1tk profit though to preserve my capital.
Don’t like to give back those banks money I took from them. lol
01-23-2014, 11:59 AMelgaza26
15m chart again and my position for those who follow me

http://uploadingit.com/file/xh4hffvrqiquzqor/15m.jpg
01-23-2014, 12:01 PMelgaza26
raised to break even if you did what I did here
01-23-2014, 12:02 PMelgaza26
21.75 stop loss and if you have the MP you'll see why if we break that number we might go south
01-23-2014, 12:08 PMelgaza26
now I made 1 tick on this one getting out with the stop loss still $125 is money but the point here is that the trade was calculated and executed exactly as I wanted it, I don't regret what I did and wouldn't change a thing even if it turns around on me and go up again, it's more important to me to be persistent with what I do than look at the $## going up on the DOM, for ME this was a perfect trade, but the reward was very small.

guys remember a rule of thumb, A PERFECT TRADE IS NOT WHAT YOUR WIFE DEFINES it's what you strategy defines, and now you see that it's continues to go south as I said, so YES it was a PERFECT TRADE!!!
01-23-2014, 12:21 PMelgaza26
I might add I don't know if you guys can read the market like that and save your a s s as I did in this trade and still manage to squeeze a tick from those buggers, but I'm telling you this cause I'm a professional trader and I've been there where you're standing right now, and wished for someone to teach me this kind of trading as I LOVED TRADING and lived it day and night, but just couldn't make it, you all saw what I did here step by step, not just pics after my trades but I basically walked through the logic and the mentality of the trade as well, so what you need to take from that, if you're smart enough and love trading as I do, is take this package and practice it as I said gazillion time already, there are enough signals and opportunities for you to take cuts from the market in a safe way, THESE ARE THE ONLY TOOLS you'll ever need to make a buck, and with all the screens, you'll just get more confused if you had more indicators, my predictions here don't come from indicators they come from learning and practicing
so you see the being a day trader is not a gamble it's a job, and if you rely only on a bunch of indicators than you'd be like a surgeon making a surgery with the study book
try to take for starters one setup in the market and excel in it, and it doesn't matter what, like %20 or %80 RSI, the triangles, what ever and try to master it, if you do, you wont need any other strategy you'll just have to wait it out and make money, and you'll be one of the %5 that make it in this businss

OK guys I hope that you're benefiting form this, I don't know how many eyes and ears are falling on these words I give you, but please after reading this post click the THANK YOU button, I want to see how many people actually read this and benefiting from this
01-23-2014, 12:33 PMStefco
Thanks elgaza26..Please check your PM
01-23-2014, 12:44 PMwestvleteren
1820.50 just new created longer timeframe High Volume node (= magnet). Market seems to like these prices.
01-23-2014, 12:56 PMelgaza26
had to step out, but you see the 17 area was desired and we got to 18 and bounced back up
we may still see the 17 and rest on the 14 area, if not today then soon, eventually we will get to the 1800 and the 1790 areas, but until then we have a lot of work to do.
01-23-2014, 01:00 PMelgaza26
hey for all you neoharmonic users, does this indicator gets all the data from a server or does it use NT7 data
01-23-2014, 01:00 PMrajafx1
Elgaza,please read the PM
01-23-2014, 01:04 PMelgaza26
I will thanks
01-23-2014, 01:12 PMadmis
Quote:
Originally Posted by elgaza26  View Post
hey for all you neoharmonic users, does this indicator gets all the data from a server or does it use NT7 data
It uses only NT7 data.
01-23-2014, 01:16 PMelgaza26
thanks admis, so I'll have to leave NT7 on all the time like the Gomi
01-23-2014, 01:21 PMadmis
Quote:
Originally Posted by elgaza26  View Post
thanks admis, so I'll have to leave NT7 on all the time like the Gomi
No. It is using historical data. Gomi needs a tick resolution data with a real timestamp.
01-23-2014, 01:23 PMexp48967
Quote:
Originally Posted by exp48967  View Post
Can someone post working ladder template for the system?

Thanks in advance.
Any chance?
01-23-2014, 01:23 PMelgaza26
Well what can I say, when we were in the 40 area and mentioned about the 1800, I had some skeptical people leaving me messages that the market is bullish and we're gonna make new highs, I'm not the type to argue and the one WHO HAS TO BE RIGHT, you know, whatever, everyone is entitled to give his/her opinion, and now the 1800 does not look like a dream so much and so is the 1790 as I said, things are becoming more and more realistic here as the day unfolds, but the Niagara Falls was mentioned enough time here to warn people about it.

anyway I did say before I HATE ANALYZING THE MARKET it's good to know where you go but you should always go back to basics and price action.!!!
01-23-2014, 01:25 PMStefco
Elgaza did you check my PM
01-23-2014, 01:26 PMelgaza26
I see admis thank you very much for that, so it seems like I'm stuck with the Gomi, which is fine so far
I will try the neoharmonics
guys if you wonder I TOO am looking for new indicators, BUT only ones that are Volume related, the rest don't interest me at all at this point, until some one will enlighten me with a new break through
01-23-2014, 01:28 PMelgaza26
I wouldn't be exaggerating if I said that we could see the 14 area even today, there's still another 2.5h for the market to close
01-23-2014, 01:29 PMelgaza26
did anyone take trades today?
01-23-2014, 01:38 PMelgaza26
and now we are on the 17 area and pausing, this thing works like magic
01-23-2014, 01:40 PMadmis
Quote:
Originally Posted by elgaza26  View Post
...
I will try the neoharmonics
guys if you wonder I TOO am looking for new indicators, BUT only ones that are Volume related, ...
NeoHarmonics combines the power of Fibonacci with the accuracy of harmonic patterns.
What I know NH has nothing to do with volumes.
01-23-2014, 01:46 PMelgaza26
minch mentioned it here, and we were talking about the gomi MP, so I don't know this indicator yet
01-23-2014, 01:54 PMelgaza26
Ok I hope you guys are doing something with this market, you need to identify your entries for SHORT of course

Entry:

This entry may look VERY VERY risky to most of you, but the truth of the matter is that this trade is actually very very safe FOR ME that is, my exit was calculated and placed in a safe place in spite of the new low of the day

http://uploadingit.com/file/fdfehuticphnalvn/Entry.jpg

Exit:

well snapped the pick too late, you all saw how quick it went there it felt like it just fell

http://uploadingit.com/file/paot7kuewdrcvj7t/Exit.jpg

and look where we are at the 14 area, don't you just love it?

I don't think we're going to make new lows for the day, we're gonna probably chop in the 14 to 18 area so heads up guys
01-23-2014, 02:00 PMelgaza26
and now we retrace right up my profit target as I said was not a random spot and when I say 14 I MEAN 14, I got out at 15.50 leaving myself my usual 2 ticks yet another PERFECT TRADE, I'm sure you guys hate me by now for repeating this word so many time on this thread right?

Well I'm not saying this to show off or to patronize anyone here, I don't need it, but, I want those guys who read this thread to see that they can become just like me with only these tools and nothing else, you too could make perfect trades almost one after another, if you stop searching and start practicing

well hope you're having a successful day mates
01-23-2014, 02:08 PMelgaza26
you shouldn't make coffee when the market is at the lows of the day, you'd miss opportunities

I just did, all because of that darn coffee, :((
01-23-2014, 02:27 PMelgaza26
that coffee now makes me sick to my stomach instead of relaxing me, have I seen that 2nd reversal to the 14, I'd go big time long, but I'm not gonna beat myself here, there will be more opportunities
01-23-2014, 02:31 PMTraderbeauty
wow
what a day- i feel like on a roller coaster, missed you guys but was too busy shorting - no sense to go long or to guess where the market will reverse back upward-
as long as you have lower lows and lower highs KEEP SHORTING at every resistance or keltner or just wait for a red on the 2 tick chart .
would love to post a full day leg analysis but there was so much action, just take a look at my 4 tick renko spectrum and you can see that there was no reason to even think about a long, when the market reverses it will let us know by creating higher highs and higher lows- till then just short- short - short- if you get a divergence- all it means is that it will take you to the next resistance.
http://uploadingit.com/file/q5q9znka...2014.34.09.png
01-23-2014, 02:49 PMTraderbeauty
in a day like today when the es is showing a huge uncommon minus you can use just the renko to enter-
on the 6 tick chart we had 6 signals that were trying to get us long but this is the problem with this system- when the trend is too strong down like today if you notice- the 6 tick never touched the upper keltner not signaling any short only potential longs.

http://uploadingit.com/file/hgtba7af...2014.49.32.png
01-23-2014, 02:50 PMelgaza26
the problem with Renko Specturm bar type is that the signals don't show there
and the problem with 4tks chart is that it's too noisy to identify the trend
anyway that's what I think, but who am I to say anything to each his own
01-23-2014, 02:52 PMelgaza26
Jane with all the respect but from that post I think you did not quite understand how to work with these signals, don't hate me for saying this please

Offline Sojourner

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Re: elgaza method
« Reply #23 on: March 12, 2014, 12:19:01 PM »
elgaza26
I'm in the most grinding trade of the day and it's taking so long, I could just as well lose on this one
01-23-2014, 02:55 PMelgaza26
yup, I lost on this one a point, OK this is not the end
onto the next
01-23-2014, 02:56 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
OK guys you see the 22 area did come to play as I predicted it a day or two ago, and last night I did talk about the 22 area way before we the Niagara Falls, I lost a point because of that for those who remember, I acted upon my prediction and not by price action, this is why analysis is dangerous, is't good to do if you know how, but your action should always be by price action, having the analysis at the back of your had, I didn't see it coming that quick as I said but it did.

the 1800 and 1790 will come as well you know, it's how the institutions are thinking not how we think or want the market to go
heads up guys
Is this is because these areas are the valleys in the daily MP ?
01-23-2014, 03:01 PMTraderbeauty
lol
Elgaza- i could never hate you- :)
You are teaching everyone including me a lot of valuable lessons that they can never purchase at the best trading rooms.
Normally the market does not move like today - i would say maybe 2 days per month and when it does you have to adjust yourself and understand what to do when the market is -15 or plus 20- in the first example you dont long and the second you dont short no matter what signals you get.
Its just a little hard for me to adopt other methods even partially but i am trying :).
So as i said before- normally and 18 days out of aprox 20 trading days in a month your 6 tick method is superb because almost every signal on the 6 has continuation that you can locate on the 2 tick chart and make money all the time, its just a crazy day like today that you need to make changes.
Thanks again Elgaza for everything-
btw- we are up to 78 fib of last leg right now i would expect a move down from here 1820.25 down for a new low- but again be careful- i am done for the day.
Traderbeauty-Jane
01-23-2014, 03:01 PMelgaza26
I made a decision to short 17.50 and I placed the order when it was still at 16 I got filled and put my profit target at 16, it went down as you all saw to 16.50 and missed me by 2tks, I'm not going to cry and say I could have gotten out with a point and be safe, if I did that, I'd change my whole entire style and I won't be me anymore but a scared cry baby, I have to be persistent and keep on doing the same thing over again and again
remember my loses are PART OF MY SUCCESS yes they are, if I'm successful %85 than the other %15 loses are part of my %100 successful strategy, you see what I mean, so if you don't think like that and end up thinking you have to take the whole cake, you'd lose and it will be only a matter of time before you'd go back to what ever you were doing before trading

cheers
01-23-2014, 03:05 PMTraderbeauty
you can see the 78 fib combined with a previous resistance -
again Elgaza- sorry if i seemed to contradict you- i was just trying to say to traders that they can never use a method as a black and white system- always look at everything not just plain arrows.
http://uploadingit.com/file/xi45amqz...2015.03.16.png
01-23-2014, 03:07 PMelgaza26
you're welcome Jane, but again the triangles as I stated before on this thread few times to traders here ARE NOT SIGNALS TO GO SHORT OR LONG, they are PIVOTS and when those for example top triangles are being violated then it's a signal for LONG, not a bad signal, you just have to know how to work with it, so none of them are bed signals, our job is to identify the trend and those pivots can help us detect POTENTIAL reversals, and not definite reversals

I hope everyone reads this cause this is very important to understand those signals and utilize them to your style in the best way
01-23-2014, 03:14 PMTraderbeauty
you are absolutely right-
i took that short at 1820.25 right after i finished the previous post with 3 ticks stop and i expect a new low from here-i just dont see any divergence on a big scale of any reason for the market to reverse- so going to trail my stops and have fun,
01-23-2014, 03:23 PMfedya9568
Hi elgaza!
Checked your today trades, you are rock! Perfect entries...
I still trying to set up Renko chart but without success.
As per admis advise, I checked NT forum and thread which he sent. I understood that one my NT file must be amended. But I don’t know where exactly should I put that sentence. I understand that this file from NT should be changed a bit – “@BarsTypes.cs” Would you mind to send me your file from your NT?
01-23-2014, 03:24 PMTraderbeauty
Hi Elgaza-
I am trying to use the price ladder but i think its not the same as yours can you please compare and let me know- thanks so much.
http://imagizer.imageshack.us/v2/800...0/716/gd9k.jpg
01-23-2014, 03:26 PMelgaza26
Now traders you see with your own eyes how one can utilize the information before our eyes, now that you all have EXACTLY what I see, you could also become a trader who can predict those moves and fundamental points in the market, I told you that it won't go lower than 14 and that it's gonna range between 14 and 18 I was not wrong, even though it broke the 18 area, you all saw how the 18 held up and the churn we had there, I lost a point because the market wanted to go higher, but my decision was not a mistake to take a short at that level, I'm not a prophet but with these tools if you learn them and adopt them to your trading style you'll have an edge, and they're not special tools you could find them in almost every platform except for the N@vi indi, I am able to tell sometime where the market is going to go by the tick and where it will reverse by the tick and I'm usually right most of the time, surely not all the time, and the edge you have using these tools is that you'll know it on levels that even the Fibonacci that we all love to use can't give you and you need to understand, the Fibonacci is a great tool and MANY are working with it and therefore the market reacts to those levels cause people are working with it, but if you want super exact levels not relying on a mathematical equation but on price action and real facts then you MUST learn Market Profile, I'll dare any one on this forum and any other forum to come and tell me that they can get better reading from any kind of indicator may it be lines or fibs or what have you, and be more exact and often then Market Profile, I'm a professional trader and therefore I do not take ANY INDICATOR personally, I use them to make a living and I don't care if it's an indicator that I wrote and coded, I don't favorite an indicator over another if it didn't prove it's self to me, and to all users out there if you can show me a way to predict market reversal better than the way I do with Market Profile I want to hear about that and I'll pay you for that a hefty lump sum, no joke, I said before I've tested over a thousands indicators in my trading career and I have what to base my opinion on. tried them all almost, and as of yet the ONLY one that gives me SUPER PRECISE points is Market Profile, any one think otherwise please drop a line I WOULD REALLY LIKE TO KNOW what I don't know yet

no offence to anyone out here, these words should be taken in a professional manner and not in a way to patronize or make a personal remarks
I only say my opinion here from a professional point of view nothing else
I love you all and forgive me if I have hurt anyone unknowingly by my words that was NOT my intention

good luck and lets concentrate on trading again we have another 30m or so
01-23-2014, 03:29 PMelgaza26
I will create hopefully today a new template for the ladder and will place it in the same post as the package for everyone to be able to download again

the post is #480 on page 48

cheers
01-23-2014, 03:37 PMTop1
Hi Elgaza

I am testdriving your system in the background and it indeed looks very good .
But like all other tools you have to learn using them and your contribution on this thread does a good job for that .
I made $900 in sim with 2 contracts today just taking the reversals to the downside on the 2 tick chart .
And looked at the profile for targets it worked great today..!!

Keep up the great job your doing here Thanks .....!!!
01-23-2014, 03:42 PMTraderbeauty
once i got a green bar i exited with 2 tick sprofit
actually- Elgaza- your system acually told us to go long which i missed.
i did some more measuring and realized that what pulled the market up was the 2.61 fib- look at the chart- so now i expect it to continue down from the 38 and create a new low- actually i expect 1.918 extension.
http://imagizer.imageshack.us/v2/800...0/844/no8q.jpg
01-23-2014, 03:47 PMelgaza26
Top1 am I glad to hear such things and I take it that you are a novice right?
well if you are and you made $900, it's awesome you didn't mentioned with how many contracts. and you have to realize that on a day like that the results are different than other days, but great for a start
01-23-2014, 03:55 PMwestvleteren
Quote:
Originally Posted by elgaza26  View Post
you're welcome Jane, but again the triangles as I stated before on this thread few times to traders here ARE NOT SIGNALS TO GO SHORT OR LONG, they are PIVOTS and when those for example top triangles are being violated then it's a signal for LONG, not a bad signal, you just have to know how to work with it, so none of them are bed signals, our job is to identify the trend and those pivots can help us detect POTENTIAL reversals, and not definite reversals

I hope everyone reads this cause this is very important to understand those signals and utilize them to your style in the best way
Elgaza, Please forgive if I ask a ****** question, but I am somehow confused now. When I read your post 782 with picture I do not see a triangle/pivot being violated, so in your picture of post 782 the triangles/pivots are not used by you to initiate the trade?
01-23-2014, 04:08 PMelgaza26
Hi westvleteren that trade I took before the triangle had plotted, it was based on Market Profile not a triangle, I kinda felt it was going to show up anyway, but that was a short there taken from 36.50 and why should it be violated, it came on top of the chart and I'm in a short everything is cool

westvleteren THERE IS NO SUCH THING AS A S T U P I D QUESTION, BUT SOME TIME YOU COULD GET A S T U P I D ANSWER !!!
01-23-2014, 04:11 PMelgaza26
You see what happens at the close of the day, you don't want to be involved in it, I usually end up my trades like before 4:00 EST, cause I know what's gonna happen the sharks are taking positions and exactly what position are you going to take here?

wanna go against them?, you're welcome to do just that, but you'll get bitten
01-23-2014, 04:22 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
Now traders you see with your own eyes how one can utilize the information before our eyes, now that you all have EXACTLY what I see, you could also become a trader who can predict those moves and fundamental points in the market, I told you that it won't go lower than 14 and that it's gonna range between 14 and 18 I was not wrong, even though it broke the 18 area, you all saw how the 18 held up and the churn we had there, I lost a point because the market wanted to go higher, but my decision was not a mistake to take a short at that level, I'm not a prophet but with these tools if you learn them and adopt them to your trading style you'll have an edge, and they're not special tools you could find them in almost every platform except for the N@vi indi, I am able to tell sometime where the market is going to go by the tick and where it will reverse by the tick and I'm usually right most of the time, surely not all the time, and the edge you have using these tools is that you'll know it on levels that even the Fibonacci that we all love to use can't give you and you need to understand, the Fibonacci is a great tool and MANY are working with it and therefore the market reacts to those levels cause people are working with it, but if you want super exact levels not relying on a mathematical equation but on price action and real facts then you MUST learn Market Profile, I'll dare any one on this forum and any other forum to come and tell me that they can get better reading from any kind of indicator may it be lines or fibs or what have you, and be more exact and often then Market Profile, I'm a professional trader and therefore I do not take ANY INDICATOR personally, I use them to make a living and I don't care if it's an indicator that I wrote and coded, I don't favorite an indicator over another if it didn't prove it's self to me, and to all users out there if you can show me a way to predict market reversal better than the way I do with Market Profile I want to hear about that and I'll pay you for that a hefty lump sum, no joke, I said before I've tested over a thousands indicators in my trading career and I have what to base my opinion on. tried them all almost, and as of yet the ONLY one that gives me SUPER PRECISE points is Market Profile, any one think otherwise please drop a line I WOULD REALLY LIKE TO KNOW what I don't know yet

no offence to anyone out here, these words should be taken in a professional manner and not in a way to patronize or make a personal remarks
I only say my opinion here from a professional point of view nothing else
I love you all and forgive me if I have hurt anyone unknowingly by my words that was NOT my intention

good luck and lets concentrate on trading again we have another 30m or so
Elgaza,
Thank you again. Made $200 on sim with 2 lots. Actually made $1000 and lost $800. Could you ploease tell How did you predict the 14 and 22 area?
Thanks
01-23-2014, 04:29 PMelgaza26
OK so we had a good day today made some money too, the morning was great and the most important thing is we didn't come out from this day as loser, that's more important than making money, cause this way you still have a better chance to stay in the game



SignalTime I advise you to learn about market profile, you'll use the same tools as the institutes are using hence you'd start to think like them, they don't use moving averages and the usual indicators we use, they only use market profile, they have way too much money to rely on ANY indicator, and the only indicator they could work with is VOLUME VOLUME AND VOLUME, that's it, therefore I mentioned I would always test and check any indicator that is volume related as I mentioned before
01-23-2014, 05:26 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
OK so we had a good day today made some money too, the morning was great and the most important thing is we didn't come out from this day as loser, that's more important than making money, cause this way you still have a better chance to stay in the game



SignalTime I advise you to learn about market profile, you'll use the same tools as the institutes are using hence you'd start to think like them, they don't use moving averages and the usual indicators we use, they only use market profile, they have way too much money to rely on ANY indicator, and the only indicator they could work with is VOLUME VOLUME AND VOLUME, that's it, therefore I mentioned I would always test and check any indicator that is volume related as I mentioned before
Elgaza... mmm why do you use RSI and CCI ???
so i trade only 6E and oversold or overbought has not much importance, just crossed turbo line of the CCI would be good....
Then i replaced both with delta comulative for divergenze and delta oscilator to watch the change of command between sellers and buyers

elgaza what do you think about?
01-23-2014, 05:35 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
OK so we had a good day today made some money too, the morning was great and the most important thing is we didn't come out from this day as loser, that's more important than making money, cause this way you still have a better chance to stay in the game



SignalTime I advise you to learn about market profile, you'll use the same tools as the institutes are using hence you'd start to think like them, they don't use moving averages and the usual indicators we use, they only use market profile, they have way too much money to rely on ANY indicator, and the only indicator they could work with is VOLUME VOLUME AND VOLUME, that's it, therefore I mentioned I would always test and check any indicator that is volume related as I mentioned before
I agree. I want know how you see the Profile and access it. do you combine multiple days? how to interpret them?
01-23-2014, 05:53 PMelgaza26
Il Quotidiano Gratis read post #660 on page 66

SignalTime I'ts hard to teach Market Profile in 2 lines, you need to at least watch some videos about it, or look at my posts from before I give example of the trades and the interpretation of the MP
01-23-2014, 06:28 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis read post #660 on page 66

SignalTime I'ts hard to teach Market Profile in 2 lines, you need to at least watch some videos about it, or look at my posts from before I give example of the trades and the interpretation of the MP
Thanks. I read most of them. few more to go
01-23-2014, 06:33 PMrajafx1
Dear, Elgaza, I sent you PM in the morning, still waiting if you saw it
01-23-2014, 09:42 PMelgaza26
Guys and girls, some people sent me PM and for some reason I can't reply, I write back and when I click submit, I'm back to the same page and nothing is added to my sent Items, don't know what's going on here, so flipper26 thank you very much for the post, I had quite a long answer to write but couldn't send it, now if you know this first hand I won't argue with you, but this is what I was taught, and whatever you call them, those levels works as I show on this thread.

now I just wanted to say something to all our wonderful friends here, first of all, I'd like to thank all of you for the wonderful PM you're sending me, and I have a pleasure reading how much you're benefiting from all this, this is just great!.

I have received about a dozen PM asking me to run their accounts, well guys, I can't do that, I'm not set up for such a thing and I'm just a one guy simple trader who's trying to make a living, that's all, I didn't come to this forum to sell anything or to advertise myself, I just came to look for some templates, lol, this thread started discussing about the N@vi Indicator, and I just was surprised that people were still looking for better signals, it then went with showing some trading example using this indicator, that's it there was no intention to turn this into a trading room really, I wasn't looking for this, now why am I saying all this, is because I had about a dozen people asking me to run their account and about 20 asking me to teach them personally, I'll be frank with you but I don't think I have the time in the day to do all this, trading takes most of the day for me, and if you really followed this thread, you'll see that my trading is not a 9 to 5 job, sometimes when I see opportunities I take them and it could mean late at night or early in the morning, so my day is pretty much full with that, and then the family, so I don't have much time in the day to take extra obligations like that, on the other side, when I'm here and trading I always ask people to participate and ask questions, as I'm willing to answer, but NO ONE really asks, aside from questions about the package and templates, I understand that you guys are still in-taking all this information and may need time to digest but, if you started to practice it, you might have questions with regards to how to implement the system, well anyway this is what I wanted to leave you with and again please forgive me for not being able to do more than that

Elgaza
01-23-2014, 11:09 PMTraderbeauty
Hi Elgaza-
In the us there is something that is called "Friends and Family Advisor".
This means that you can trade in tandem up to 15 accounts that are linked to yours so when you buy in yours it automatically does the same in all the linked accounts.
there is no need for any licenses or permits as long as the total is less than 5 mil if i am not mistaken.
This is what i do using interactivebrokers and that is why i dont do my executions via ninja.
Not sure if you can do the same in canada but you can check around- just call IB.
I am amazed that you even have time during the day to post- usually i am absorbed 100% with the market moves- and that is the ES - can you imagine if we were doing CL lol.
The only other suggestion would be to start a real chat room where you can call the trades ahead of time or in real time- I ould love participate in something like that where i can post some trades or directions ahead of time so people can be ready and give their feedback ahead of the trade.
For example- lets say that we have a nice clear higher high , higher low and now we have a retracement so obviously we are looking to go long- in a case like that traders can suggest possible areas or levels that should be good for that potential long AHEAD of the trade- just an idea.
Good night.
Traderbeauty-Jane
01-24-2014, 12:21 AMexp48967
Quote:
Originally Posted by elgaza26  View Post
I will create hopefully today a new template for the ladder and will place it in the same post as the package for everyone to be able to download again

the post is #480 on page 48

cheers
Thanks, my ladder plot nothing.

Cheers
01-24-2014, 04:43 AMIl Quotidiano Gratis
Hi all one!!!!

Elgaza i try to create a new chart for VolumeLadderMetroEditionV2....so i didn't find this indicator from your pack BPTMultiTrendV2...
then can you help us?

EDIT

it is here --> http://www.sendspace.com/file/uext0k --> best pro trade
01-24-2014, 05:21 AMelgaza26
Il Quotidiano Gratis thank you very much for that I just fell asleep last night, and right in a middle of a trade!!! so forgive me guys I didn't have a chance to do that but Il Quotidiano Gratis was nice enough to do us that favor and the link is right above
Thank you Il Quotidiano Gratis .

OK last night at around 10pm I took a trade and shorted the ES but then something happened, something that you should all be aware of, I have endangered myself big time here, and luckily I came out OK from this situation but YOU SHOULD NEVER get yourself into a situation like that
this is what happened:

Entry:

I saw a great potential for a short at 27 as you can see on the 60m chart, we reached the keltner band and we were right under a major resistance at 28.50, I didn't think we will get there, cause this retracement we just had is normal for a fall like that so shorted 10 cars here

http://uploadingit.com/file/dmx5h1cmsxuexhew/60m.jpg

2tks:

as you can see we've been in a very strong move up and the momentum dots show it, I saw the consolidation bar here (gold frame around it) and shorted it big time, I new my chances here are VERY high and therefore took the short
my profit target was at 1825.25, now you can see that my exits are not always full points, anyhow, I went for 1 point and 3 ticks

http://uploadingit.com/file/greefb66awamd3v8/2tks.jpg

MP:

wanted to get out on the first cluster showing on the daily MP, not taking chances at this point, I wanted to trail it down, cause I knew that the 60m chart was very significant and had a very good potential to go few points down

http://uploadingit.com/file/zfhxcdeygipiei9z/MP.jpg

and then something happened that I didn't take into consideration, something you should NEVER EVER DO especially at night, if you're a night trader from times to times, I FELL ASLEEP, and that's why I don't have the exit pic here, I DIDN'T PUT A STOP LOSS, and that could have affected my account big time when you go with 10 contracts, this is a lot of money we're talking about here, if it went against me I could have lost my week's work here and maybe even more, who knows, usually when I'm right next to the screen you don't always see me putting a stop loss, cause I know that my trades usually have a very high percentage to go my way, and I'm always ready to bail out and click the "close" button on the DOM, I didn't realize how tired I'm and didn't put a stop loss, this is a very very amateur approach, and I don't usually act like that, but you've seen me here already making some mistakes of other types, this is the kind of mistakes that SHOULD NEVER repeat itself, the ES went my way thank goodness and I made $875, but believe me I'd much rather cancel the trade and go to sleep than taking such huge risk like that, in spite the fact that the odds were totally to my side, there are no guarantees in the market, and we play the game of probability here, I'm not a gambler, and my approach to the market is usually a professional approach, tonight I acted like a novice, as good as the trade came out, THIS IS NOT A PROFESSIONAL TRADE, the pros would put a stop loss
01-24-2014, 08:20 AMelgaza26
Good morning traders, today is a great day, a very special day indeed, we have witnessed an event that doesn’t happen very often, but when it does, I get Goosebumps all over my body, but today was even more special as I’m going to show you in the next snaps.

OFA:

I have entered at 1810.00 with 20 contracts, yes 20, and I will explain why I did such a move in a minute

http://uploadingit.com/file/1uj3jrh2ntf8wni9/OFA2.jpg

MP:
Price has gone down to THE point of rejection, look at the chart, or yours if you have it setup like mine, we came to the G spot, lol, the point of rejection of the entire screen, from here, you don’t have to be a prophet, or a professional trader, to know to GRAB the opportunity and get on a free ride with the big guys. They’re not sleeping right now, they’re in business and they KNOW very well that at this point they want to buy as much as possible, and you know what, me too, I want to take part of the party, so I went big time here
Now I know what some of you might think, cause I used to think like that, “wow what a risk to go with 20 lots, I’d never take such a risk” well if you think money wise than ya you might be right, but for me it’s just another setup, and a G-D gifted setup that doesn’t come so often, and I think about points, not money, so it’s no different than ANY trade I’ve done here before, the only difference is, and I said that MANY times if you read this thread, that if you have a setup that you mastered and excelled in just add more contracts, don’t take trades that you didn’t master yet, and this is what I did, I took a trade with double the amount that I put in a good setup, cause this doesn’t come often.

http://uploadingit.com/file/1tchuwq4vf8coldc/MP.jpg

15m:
Now look at this chart, what a beauty, the 15m chart crossed the %20 down and then retraced up AND FROM THE BIGGEST POINT OF REJECTION, I ask you my friends, which side would you want to be LONG or SHORT?, I told you few times when ANY chart get’s to %20 or %80 I drool and the bigger time frame the more paddles of drool I make on my desk, this is where I want to see big move to the up side, this is where you want to put your money and be part of it, the only thing that I would love to see here is the CCI going above the 0 line, than I’d take out the champagne and have a drink. I expect the price to go to 17.25 but I’ll be out of it way before that, I also LOVE the fact that I got the RSI divergence on the 60m chart and I hoping for its CCI to go above the 0 line as well

http://uploadingit.com/file/9um2eeofvih1mccc/15m.jpg

This is a trade I would just trail up I guess cause from such points I don’t really know how far they can push it up there and willing to take my chances to make 2 points only on that, the reward risk is well worth it.
01-24-2014, 08:27 AMelgaza26
YESSSS, THIS IS WHAT I WANTED TO SEE

and look at the CCI on the 15m chart, it's crossing the 0 line, soon the 60m will as well I hope

Trail

http://uploadingit.com/file/qwnpgmkgqezw1ywf/Trail.jpg
01-24-2014, 08:29 AMelgaza26
when it goes to 17.50 I'll raise the stop loss to 17, hopefully that it should get there soon
01-24-2014, 08:32 AMelgaza26
so now I raised my stop loss to 13.75 to save my capital and it's 1tk under the pivot ( the triangle )
01-24-2014, 08:47 AMelgaza26
If I'm lucky enough we may be seeing the 22.25 again come in play, I'd love to see that soon
01-24-2014, 08:49 AMelgaza26
this is the reason why I placed my stop loss at that tick
look at the major support on that level, there are 5 bars there that are topping 13.75, I should really put it down to 13.5 which I'll do right now

http://uploadingit.com/file/xx1jrtjnhhq1fmul/Trail2.jpg
01-24-2014, 08:51 AMelgaza26
if we break to 16.25 we might see 18 prints
01-24-2014, 08:53 AMelgaza26
OHHH noooo, dont get me out yettttttt
01-24-2014, 08:54 AMIl Quotidiano Gratis
Admis!!!! Alert on arrows is DONE!!!!!! thank you!!!
01-24-2014, 09:06 AMelgaza26
THAT'S IT for this run, it was fun, but holly s h i t did you see the fight on that tick 13.75 and 14, it was crazy, oh well it was a good trade and I trailed it to the point I thought that safest, even if it goes back up, it’s OK, there will be other opportunities, but the trade was well calculated well executed and very well rewarding, it’s good to start the day with $3500 in your pocket.
OK hope you’ve benefited from this trade and learned the logic behind this trade and the risk reward I took, I said before that I think it will get to 18.25 but we just might see it coming, I’m not going to take a risk and stay in that trade where I don’t see a setup

Offline Sojourner

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Re: elgaza method
« Reply #24 on: March 12, 2014, 12:21:36 PM »
elgaza26
and look at it now going south, I guess I made the right decision, and I know that a lot of traders would have stayed in that trade letting their greed over come them, I went out in a perfect spot, as you all saw and protected my capital, this trade was not from tick to tick as I've shown before but I'd call it next to perfect almost, cause of the strategic that took place here.

good so now we need to wait for the next setup to come, and it's Fri, as I don't have much time on Fri so will see what happens
01-24-2014, 09:32 AMelgaza26
Just gave back 3tks with 5 cars, things looked good for long but the market didn't think so
01-24-2014, 09:36 AMelgaza26
I'll be waiting for the 1807 area again with an open eye, but guys, I'm afraid to tell you guys things ahead of time cause I know some will take action upon that, and sometimes I change my plan quite quickly when I see fit, so you need to be careful with what I say and DON'T COPY others, you have a strategy go with it, if you don't, trade with sim, don't risk your money yet, practice before you put your money down

we're back to the 10 area where I went big time here, this is not the case again cause we are retesting for lower right now, this is why the market came down here, the general trend is still down daaaa
01-24-2014, 09:37 AMelgaza26
watch for the 15m volume bar this is awesome
01-24-2014, 09:52 AMelgaza26
ha, do you guys follow the ladder, look at them fighting on this level
01-24-2014, 09:55 AMelgaza26
yay the buyers are winning, raising my stop loss to 8.25
01-24-2014, 09:56 AMelgaza26
stop loss 8.5 right under those 305 sellers if you see the ladder with me here
01-24-2014, 09:58 AMelgaza26
I want to see the 13 area hopefully
01-24-2014, 09:59 AMelgaza26
don't know if you've noticed the 15m CCI when it was on the low, it went over -200
01-24-2014, 10:00 AMelgaza26
yup got me out with 1 point profit, I'll share the pics soon and you'll see why and how
01-24-2014, 10:15 AMelgaza26
OK so here is another trade I just made, and I REALLY HOPE SOMEONE IS MAKING SOMETHING OUT OF ALL THIS, cause I don't get any reply, and sometimes I think that no one is watching and learning live, just sometimes after when they log in.

Anyhow, I said I'll be waiting for the 1807 area to come in play, but didn't get it right away I waited it out to start accumulating volume
So here is my entry, I got almost %20 on the RSI which at these levels don’t really mean much to me, but just a cherry on top, got CCI going up to confirm upwards trend, got my level 1807 area, got money to go in and I did.
Entry:

http://uploadingit.com/file/0xlvqywpnxhvqjqw/Entry.jpg

Ladder:
I put a stop loss at 1807.50 1 tick to cover commission and make some chump change
The buyers are coming in at 1809, looks good

http://uploadingit.com/file/5v02p5xljo65zavp/Ladder.jpg

Trailing:
I saw some sellers coming in at 1809 so I placed my stop right under them, if they cant keep it up, I don’t want to be the one to take my chances, look at the ladder see how they’re fighting amongst themselves, very hard to predict what’s gonna happen on these level and who’s gonna win, the indicators cant measure these things just give you the results

http://uploadingit.com/file/g56ptjyb...ms/Trailed.jpg

yup I saw an opportunity and I acted upon it, got in with 15 cars now it's just as good example as this morning, except now the market is open and the index is running, I'll be more careful

good trade, good trailing, nothing special, average trade, easy one when it comes to those levels, and they come to be rewarding made another $750 to this great day.
01-24-2014, 10:18 AMelgaza26
OK guys just lost 2 tks with 10 cars, and the reason is a mistake that happens so me and I'm sure to all of you (maybe if you're not as d u m b as I am)
I click LONG instead of SHORT watch the buttons, I don't have the confirmation pop up, I canceled it cause it slows me down, but pay attention
01-24-2014, 10:19 AMelgaza26
all of a sudden 1790 doesn't look so unreal when I said it when we were at 1840 couple days ago
01-24-2014, 10:24 AMelgaza26
darn that 1806 area missed it big time
01-24-2014, 10:38 AMelgaza26
I'm almost certain that we saw the low of the day today.
01-24-2014, 10:43 AMelgaza26
did any one take a trade here today?
01-24-2014, 10:55 AMelgaza26
Ok so there we go with the 1800 area, I mentioned before that this area HAS TO BE MET, if you followed this thread, and the reason is because the institutions need to sell all that they have accumulated till now, so they're just dumping it on us, and most of us suffer, especially those who go by indicators only, I mean look at the volume we have in the hourly chart, that's like a quarter in an average day for this hour only, so now that the institutes are taking a dump on us, we need to be smart and instead of fighting them, just join them
they got to 1799.25 lower than I thought, lately things are happening faster that anticipated, but really if you look at the market profile you'll see that ther's no mistake it went to where it should go just 1 tick off, and that's fine, on a dump like this accuracy is not always in place
01-24-2014, 11:01 AMwestvleteren
Elgaza,
1807 level was good trade. Was also on my yesterday's chart (post 773). This is for those traders who can not accept that certain levels are known in advance and as such take Elgaza's trades in doubt.
Elgaza reads the MP and as such knows these levels.
01-24-2014, 11:07 AMelgaza26
westvleteren thank you very much for the nice words, I think we're the only one here, lol

Any how I mentioned before that 1799.25 was 1 tick above where I see the institution should have gone to , and you can see it on you MP, so I went long from 1801.5 after the first retracement down, I’m just not too sure how far it’s gonna get us now
01-24-2014, 11:10 AMrhv
I appreciate all that you are doing for the forum elgaza. I'm trying to keep up with the thread. I have a lot of homework to do over the weekend.
01-24-2014, 11:12 AMelgaza26
and the dumping continues, so you see on days like this there's no accuracy and you got to watch it
I just got out with 1tks profit, cant expect much or hope too much
01-24-2014, 11:15 AMelgaza26
I think what we just saw now was to flash all the stop loss of those who went long from these areas, but the dumping could continue be careful
it's just so hard for me to see how this could meet the 1790 so quickly, this is definitely not your average day, OK onto the next
01-24-2014, 11:17 AMelgaza26
I need one more big run for the day and I'll be fine with that, just got to look for it carefully and not go the other way around
01-24-2014, 11:25 AMadmis
Hi elgaza, it seems last easy move till to 1794,50
01-24-2014, 11:29 AMadmis
without 1 tick and go back... 98.25
01-24-2014, 11:31 AMelgaza26
rhv, you have a lot of homework to do over the next coming year, to become a good day trader
good luck
01-24-2014, 11:44 AMelgaza26
I don't know if you're in but there were 1009 sellers on 1798.25 that couldn't keep it down, we need to see if they're going to fight for it and let me ride this one at least
01-24-2014, 11:48 AMelgaza26
those buggers got me out and now their continuing up but I wasn't gonna let them touch my hard work earned money
took a tick $250

http://uploadingit.com/file/9kv8ic8usi9k5luh/Exit.jpg
01-24-2014, 11:49 AMelgaza26
I'll wait for the next one cause this level really makes me itchy
01-24-2014, 12:16 PMelgaza26
OK I'm being asked why am I not taking shorts anymore, this is a darn good question but why ask in PM, it's ok to ask on the forum so other will see, and remember there's no such thing as a d um b question , just d u m b answers.

so the answer is very simple I think, I have a trading style that I do very well in, and it's mostly not in such trending days like this, but normal days as we had till the last couple days, I am a scalper, or a micro swinger that take up to 4 point or close to, days like this are something that is hard to get used to if you have a strategy, and harder to adjust as well, you have to change your whole thinking mode and turn to a swinger, IT'S HARD believe me , so IT’S OK NOT TO TRADE, some people trade cause they have to be in the market, this is such a wrong way to think and be, this is where discipline comes to play and you have to control yourself , the problem with most traders that can’t control themselves is very simple, THEY DON’T HAVE A STRATEGY TO FOLLOW, so why should they be out of the market, or why should they be in the market in the first place, so no plan just will, that’s not enough, YOU WILL LOSE, I did .
so I sit on hands until I recognize a really good setup that I feel very comfortable with, and in days like these they have to be significant signals not just RSI or CCI signals on the 2tks chart, this way the odds are better on my side, cause I’m not embarrassed to say that I’m not as good in days that I’m not used to, so better safe than sorry, and I’d much rather feed my kids than my ego, we just have to look at the market with a lot of respect and understand that what you are watching on the screen many others do just as well and when you chose to buy someone else chose to sell, so you need to be smarter than that
and as I’m writing this, my patience is paying off now, went it long at 1799 same point I said I thought the market should have gone down to AND LOOK WHAT HAPPENED RIGHT AFTER THIS TICK, explosion, this is where I pat myself on the shoulder and pride myself to have to patience and discipline to wait for a setup, this is the ride I was waiting for, you’ll notice that I placed my order before it got there and I did go full pedal to the metal, the odds are with me and the risk is small, especially after I saw that 1009 print on the sellers that couldn't hold it down, you can imagine how they’re gonna fight for their position, or someone will find himself without a job, and it’s not me in this case
I’m gonna trail this up cause we've seen the market going crazy today both ways so will see what happens
It went to fast as you saw and took me out for 1 point profit with 20 cars, I’ll wait again cause I think they want to push up again from this area

1st Entry:

http://uploadingit.com/file/q4356johmydu3j7i/Entry.jpg

Exit:
got stopped out with 1tick profit only

http://uploadingit.com/file/2i5e4czi3ouw5l7w/Exit.jpg

2nd Entry and still in position:

this time I hope it will hold as 400 lots of buyers just cam in, I got lots of hope here

http://uploadingit.com/file/ufg5lfu8g9lxeprv/Entry2.jpg
01-24-2014, 12:19 PMelgaza26
if you have the daily chart open in front of you, expand it a bit so you can see the HUGE cluster in this level 1790 to 1800, and to break this level down you need bill gates to come and spend half what he owns here, lol
01-24-2014, 12:20 PMelgaza26
I have a feeling I'm gonna miss this ride, cause it took me again with one more tick profit here

http://uploadingit.com/file/b2fuawykqmecopwx/Exit.jpg
01-24-2014, 12:27 PMelgaza26
so as patient as I can be I did not get what I wanted, cause that's what I want and not what the market want, this is the lesson that should be taken from this, stick to market rhythm not wishful thinking like mine
01-24-2014, 12:29 PMelgaza26
watch the volume bar on 6tks, something is about to happen
01-24-2014, 12:38 PMelgaza26
So decided to short the market, as NO strength is showing yet, 5 cars only cause this level scares me, and I don’t feel very comfortable with shorting on this level.
Not going for long run here, just a scalp as usual, so let’s see how it unfolds.
But I’m ready to bail out any sec I don’t feel I’m safe here

Entry:

http://uploadingit.com/file/8vytigkkekg3unmv/2tks.jpg
01-24-2014, 12:41 PMelgaza26
we've been in a chop more then 30m and the volume bar on the 6tks shows we're about to end this chopp so heads up (myself included)
01-24-2014, 12:43 PMelgaza26
I hope the institutes will take laxative right now
01-24-2014, 12:46 PMrhv
gonna get me videos of dalton and L2ST to figure out market profile to help speed up the process as a quick refresher. I do know that it will take me some time though lot of screen time. will read the posts on this thread also.
01-24-2014, 12:48 PMelgaza26
trailing down at 98.25 cause there are sellers at 98 that will protect me
01-24-2014, 12:55 PMelgaza26
OK so as you see went short at 1799 and trailed it down

Entry:

http://uploadingit.com/file/jfnpktqgsvrdncna/2tks.jpg

Exit:

as soon as I saw exhaustion I put the stop limit at 1798 to make a point cause I didn't think I have a chance against anyone on this level.

http://uploadingit.com/file/rvpev6e7465ef42j/Exit.jpg

surly only 5 cars cause it's dangerous on this area

Offline Sojourner

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Re: elgaza method
« Reply #25 on: March 12, 2014, 12:22:27 PM »
exp48967
Can someone tell me why the ladder don't plot?

What i did wrong?
01-24-2014, 01:26 PMelgaza26
Hey admis forgive me but I just went back on the pages and just noticed you posts, that's why I did not reply, never the less on a normal day, I've shown that I can make perfect trades down to the tick, and I manage to read the market as the institutions are thinking, of course not all the time, in days like that, my experience is not as refine as normal days, and I'm not ashamed to say that, this is what I do, and I learn everyday, and make mistakes ALL THE TIME like every trader out there, I don't claim to be better than anyone nor do I compare myself to anyone, I'm just a simple guy who has a job as a day trader, and I'm not the best in this area I'm sure, there are many traders out there that I wish I was like them, but i"m not
the little bit that I know I try to give over here to other people that could use this info and if it can give them just a bit of an edge I'll be happy

this is not to say that your remark is insulting or even mocking, but I said all that for other readers that may think that I'm trying to do this for a bit of respect or a complement

take care my friend
01-24-2014, 01:42 PMelgaza26
OK guys and girls market is still in chop I'm gonna stay away from this until I see something that would get my attention

and again to all those who want's a shortcut in the market and someone to do their job for them, just learn the stuff, think of it as a course your taking, it will reward you, and the more time you spend practicing and less looking for indicators the faster you'd make this your day to day job, and it will pay up as you saw, I had 7 trades done today, two of them I lost, 5 winners, made 6 points and lost 5tks, (3 and 2) totaling in $4749.5, but that's because I added contracts in such a day like this, if you had traded like that with one contact you'd make $237 this is not bad to make in a day, the point here is that I played safe, to my style it was safe, and maybe if you master a strategy that works for you, you could have made much more than that in a day like this.
I traded a lot of contracts cause for me 10 cars is not so much, I do that many times, 20 is something that I wait for special days like that, and for opportunities that just makes me shiver but you saw in others days it's 2, 5 sometimes 10
I said and I apply what I say, when you've mastered your strategy, just add more contracts and you'll have the same risk reward ratio with more income, plus your rate of success wont change.

OK I hope someone takes those words seriously here for your own sake, not mine.

cheers

elgaza.
01-24-2014, 02:02 PMadmis
elgaza:
Your effort to describe your live trades is something extremely valuable for many members. During the weekend each of us can calmly analyze the course of the session.
Thank you once again for all your advices. I admire you and please continue your work here for the benefit of all of us.
Cheers,
01-24-2014, 02:19 PMelgaza26
I just a simple guy who has an interesting job

so 1890 is here, and no Fibonacci could of told you that on a short run like that, only MP could, so now you saw for yourself that what I do is not an exact work, there's many things that changes through out the session and NO ONE can predict all the time, but what I do is tell you the PROBABILITY and in one of the posts I said that if something repeated itself for 40 years than most likely it will repeat itself tomorrow but "most likely" is not a sure thing and there for every trader will be wrong every now and than, and it's fine, we're not trying to be right all the time just most of the time, and if you are, than you can call yourself a day trader, I'll say many things that wont happen, so?, it's ok but you'll see that most of the time THEY WILL HAPPEN, now saying one thing and doing are two different things that every trader needs to take to consideration, OUR JOB IS TO MAKE MONEY not analysis, and making money is based on PRICE ACTION and the analysis in the back of the head, but it's hard to distinguish and do that at the same time

good luck to all
01-24-2014, 02:23 PMelgaza26
now that we are in the 90 WOW in 2 days, the next level as you can all see on the MP is 80 and 81.75 being point of control, I wouldn't be one bit surprised if we revisit this area as well

having said that we are in point of rejection right now, but is a wide one, not the 2, 3 ticks that we were before
01-24-2014, 02:52 PMelgaza26
the 93 area is a very critical area it is the center or point of rejection
01-24-2014, 02:53 PMelgaza26
the question is WHAT ARE YOU GOING TO DO WITH IT?
01-24-2014, 02:54 PMelgaza26
we have a divergence on the 15m RSI so heads up, I got in already in 1792, but hoping not to be stopped out AGAIN
01-24-2014, 03:06 PMelgaza26
60m RSI under %20
01-24-2014, 03:18 PMelgaza26
ya, you come back to the computer only to find out you made 1 tick, LOL today is a day I make ticks
01-24-2014, 03:33 PMelgaza26
OK I hope this one will be longer at 89 long
just because it's 3:30
01-24-2014, 03:35 PMelgaza26
I really want to trail this up cause now some buyers are coming in but I'm putting a stop loss at 89.25 for now, and I hope this will finish my day
01-24-2014, 03:36 PMelgaza26
those 1172 sellers are scaring me and are a threat to my position
01-24-2014, 03:37 PMexp48967
Quote:
Originally Posted by exp48967  View Post
Can someone tell me why the ladder don't plot?

What i did wrong?
Elgaza there is something wrong for my setup with latest VolumeLadderMetroEdition.xml.

I used the old one and start plotting, here it is:

http://uploadingit.com/file/view/xfblqfatmtar0m2z/VolumeLadderMetroEdition.xml
01-24-2014, 03:38 PMelgaza26
wow it's close, did you see that?
01-24-2014, 03:39 PMelgaza26
got another tick, ha ha ha
01-24-2014, 03:40 PMelgaza26
what I'm I suppose to do with this exp48967 ?
I can hardly read English
01-24-2014, 03:51 PMelgaza26
probably going for another tick here, LOL from 87
01-24-2014, 03:52 PMelgaza26
Yesss, buyers are coming at last
01-24-2014, 03:53 PMelgaza26
OH not another tick please
01-24-2014, 03:55 PMelgaza26
about time already this time I'm gonna trail it up
01-24-2014, 03:56 PMelgaza26
secured 3tks so far but wish me luck PLEASE
01-24-2014, 03:59 PMelgaza26
3tks this time, ha ha ha
oh boy what a day, so far since the other post I told you how much I made, I've got 5tks $750
not bad but not as good as I could have done
01-24-2014, 03:59 PMexp48967
Quote:
Originally Posted by elgaza26  View Post
what I'm I suppose to do with this exp48967 ?
Of course no.

Just to say that changing to the old solved for me.
01-24-2014, 04:00 PMelgaza26
gosh look at that market, no telling where it's going, look at the ladder, buyers selers
just cant cut it
01-24-2014, 04:03 PMelgaza26
No matter what I do, I have great entries almost always BUT, I cant seem to stick to the trade

http://uploadingit.com/file/o7ltooqhfxxvthaq/Entry.jpg
01-24-2014, 04:05 PMelgaza26
OK guys and girls I hope it was as good day for you as it was for me, I guess we could have done better, still came out a winner after all

I think we're just about to see 81.25 soon or not, who knows

have a great weekend and hopefully will see you next week

Gosh look at the ladder wow
01-24-2014, 04:16 PMelgaza26
Hey admis what do you say about that analysis?

1781.25 low of the day, I still got it I guess, down to the tick!!!
But it wont work every time of course, I don't care, as long as I make money with it, I'm good with it
01-24-2014, 04:19 PMelgaza26
and for all others, I'M GONNA WATCH THIS ON SUNDAY AS SOON AS IT OPENS UP, I think we're gonna go up right away, look at the ladder we got way more buyers than sellers, I WANT A PIECE OF THAT
01-25-2014, 05:02 AM10suited
hi elgaza and all other Traders!
why more Buyers?? i saw heavy Bids are being taken and the prize is going down. Bid-Ask% was higher so bigger Red Box at the bottom of the VolumeLadder. If a seller takes a big bid then these numbers showing on the left side of the box or do i missunderstand something?
01-25-2014, 02:42 PMTraderbeauty
Thanks again to everyone-and special thanks to ELGAZA.
Wanted to share with you the big picture analysis for friday- if you followed that and you can definitely pm me and i can give you a forecast that should normally hold - unless the market tricks us and then we have to change- a good example is wednesday which ended by being a chop sideways causing me to change forecast all the time.
http://imagizer.imageshack.us/v2/800...0/854/55es.jpg
now lets walk slowly leg by leg-
i woke up ( california girl lol ) and by the time i got to the chart it was 6 am or 9 am eastern- i saw that we had a perfect continuation from the 38 fib.
If you look back you can see that we have lower lows and lower highs so i expect the pattern to continue unless we have a divergence or a h-h h-l which we did not have.
My rules- and you will not find them anywhere are that if the retracement was only 38 i expect the trend to continue to 1.918 or 2.61 fib extension .
Amazingly the market did exactly that almost to the tick.
Again- point 1 was during the night , point 2 was the 38 fib and i woke up afterwards so it was very clear to me that the 38 is in .
I kept shorting anywhere i could, any resistance and any time i saw even a hint of a down move- keep in mind that by then the market was -20 points so i was biased to the downside- did not even try a long through the entire day.
point 3 is 2.61 fib to the tick.
once we got to 2.61 i stopped shorting- a trend hardly ever goes beyond 2.61 so no sense to knock your head into the wall.
I expected the market to retrace to 25 or 38 fib no more- so once i got a signal i shorted again -point 4- with the same expectation- 1.918 to 2.61
you can see that we got even more , by then i was done , counted the profit and went to the gym lol.
My next post i will do with a 4-1 renko spectrum.
hope you like it
Traderbeauty-Jane
p.s- push the thanks button so i have an idea if people even pay attention lol
01-25-2014, 02:42 PMTraderbeauty
ok- so here is a smaller time frame- this one is 4-1 renko spectrum -
http://imagizer.imageshack.us/v2/800...0/198/0eeg.jpg

you can easily see that the big fib worked perfectly so you could trade 4 ticks or even 2 using very small stops and just trail them once you got in because once you are in you knew exactly WHERE the target is so no need for scalping.
Each of the arrows is a short signal- as you can see- through the entire day we had lower lows and lower highs meaning-SHORT ONLY AND NO LONGS.
hope it helps
Traderbeauty-Jane
01-25-2014, 10:31 PMelgaza26
Hi everyone, I hope you all have a chance to rest after this crazy Friday, I did
So guys and girls, I got few PM trying to make me feel better and not to take any comment personally, well, first I thank you very much for the nice words from all of you, BUT, let me tell you something here, seriously, you think I don’t know what it sounds like?
I mean here is a quote from my post #966 2:23pm when we were at 1793 12 points away:
Quote:
Originally Posted by elgaza26  View Post
now that we are in the 90 WOW in 2 days, the next level as you can all see on the MP is 80 and 81.75 being point of control, I wouldn't be one bit surprised if we revisit this area as well…..
and then at post #988 when we were at 1784
Quote:
Originally Posted by elgaza26  View Post
….I think we're just about to see 81.25 soon or not, who knows…..
And then what happened, at 4:15 the market went to the low of the day at 1781.25 and then closed at 1781.5 one tick above, this level is not a guess, and was predicted 12 points ahead of time, now does it mean it’s going to hold and reveres? Not necessarily, we are in a catastrophic dump of the market, BUT you will see the reaction of the market on this level as we all saw it, now for someone to come and tell you 10 points away that the institutions are gonna stop at a certain TICK, I know EXACTLY what and how it sounds, and for those who don’t understand market profile, it sounds like I’m trying to show off here, or throw things in the air, just to sound professional, I DO understand that and how it’s sounds, when I was learning this stuff, and my teacher used to tell me where the institutions are going to stop, I laughed inside of me, and thought like you, “What is he talking about, who does he think he is, to predict a move of so many points down to the tick?”, but when I saw that he was right most of the time, my chin fell on the floor, I just couldn't believe how such predictions could be so precise down to the tick and predicted well in advanced, this is when I wanted to know exactly what he knew, so I started to study market profile and watched the market and the MP to see it’s behavior, I GOT BETTER in reading the market and my trading went to another level that I didn't experience before, BUT I remember those days when I didn't understand it, I laughed and mocked my teacher for making those assumptions. when I said that the market went down
Quote:
Originally Posted by elgaza26  View Post
...they got to 1799.25 lower than I thought...., lately things are happening faster that anticipated, but really if you look at the market profile you'll see that ther's no mistake it went to where it should go just 1 tick off, and that's fine, on a dump like this accuracy is not always in place
I did not make a mistake there, I know it sounds crazy and impossible but, trust me it’s not, and as I said on this thread, many times “what happened for 40 years, most likely will happen tomorrow”, this is not to say that everything is carved on stone, but they will poses a very high percentage for those predictions TO GO TO THE TICK!!!
what I don’t understand is something very simple and logical, if you have followed my thread from the beginning and followed all the trades I’ve taken, you’ll notice just how many times I had “A PERFECT TRADE” that I explain. trades that were taken from tick to tick and how they reversed exactly 2tks away from my targets, and I mentioned it many times that I give myself 2tks safety, what I don’t get is if you saw it so many times, than what’s the difference if it’s 4 points away or 50 points away?, if you know how to read market profile and you know where the institutions are going to stop and reverse most of the time, and it’s no different to predict 4 points reversal or 10, or 50 or whatever, so to all readers out there, it’s OK, I understand very well how I sound here, and I know it’s hard to understand how I know this stuff, but you see over and over again and again how it’s happening as I say it will and to the naked eye who is not familiar with MP, it’s a puzzle and to finish this off, I DON’T GET INSULTED trust me, I just smile and remember myself how I couldn't believe it’s possible, and trust me I think EVERYONE here on this thread are just nice people with great intention and each have the will to help each other.
Have a great weekend or whatever is left of it.
elgaza
01-25-2014, 10:38 PMelgaza26
Hi 10suited this is why I don’t use delta cause it gives me the total of everyone out there and the only thing I’m interested in watching is the institutions, and what they are doing, this is where I try to get the “feelings” as where the market wants to go, even where it doesn't hold I know they will fight for it, and at the close of the day there were more buying than selling’s done by the institutions, that’s all I care and I’ll watch it closely, never the less, I DON’T PUT AN INDICATOR ON MY SCREEN I DON’T USE cause it will affect my process of decision whether I should take a trade or not and using delta alone means I’ll have to ignore the institutions, and if I look at what they’re doing than I have to ignore the delta, you see what I mean, you can’t have too many things to get a signal, you’ll get confused and less confident with what you’re doing, just excel yourself in one strategy with as less indicators that you could afford (and I think that my screen has enough, and not to mention all the screens I have to follow with the same indicators), and you’ll see that you’ll have a better picture and better chances to make a clear cut decisions with what you have over and over again, with less confusions and most of all being PERSISTENT, having all these indicators will not allow you to be persistent
Did you guys EVER seen any of the companies out there that you all watch in YouTube, all the companies that sells their indicators and all those companies that have live room having so many indicators on their screen???, I never did, and the reason they are successful is because they are persistent and they follow their strategy, and there’s no strategy out there with so many indicators on the screen that a human being could analyze so quickly taking EVERYTHING into consideration, unless you’re a wizard special kid, most of us are not, so learn from those who are successful and do the same thing they do, you’ll get the same results as they do.
01-26-2014, 05:22 AMStefco
Quote from: elgaza26;309721I DON’T PUT AN INDICATOR ON MY SCREEN I DON’T USE cause it will affect my process of decision whether I should take a trade or not and using delta alone means I’ll have to ignore the institutions, and if I look at what they’re doing than I have to ignore the delta, you see what I mean, you can’t have too many things to get a signal, you’ll get confused and less confident with what you’re doing, just excel yourself in one strategy with as less indicators that you could afford (and I think that my screen has enough, and not to mention all the screens I have to follow with the same indicators), and you’ll see that you’ll have a better picture and better chances to make a clear cut decisions with what you have over and over again, with less confusions and most of all being PERSISTENT, having all these indicators will not allow you to be persistent
[/QUOTE

Thanks elgaza26 for those Words of Wisdom WOW.. you and several other contributors have given us an invaluable mentorship of more than 100 pages in this thread. I must say I'm guilty of that in putting in too many indicators (from a lot more wonderful contributions coming from this forum!) but I was trying to evaluate them at the same time. And a funny thing happen last friday.. my ninjatrader started to freeze with the high volume and volatility.. a lot of these indicators including the Navi ones have their "Calculate on bar close" property to a value of 'False' so for every tick that comes in, a zillion calculations were made. I went from an IB to a CQG data platform thanks to admis which gives a true reflection of the tick data but in a high and fast volume market, the ninjatrader became sluggish and arrows were printed with a delay after 2-3 bars and then when I click on an order the ninjatrader freezes. Just before that I was trying to open another chart for endorsement of the turning point in a one monitor platform. So lesson learned.. too many indicators spoil the soup. Back to the drawing board with my revision on market profile!
01-26-2014, 07:06 AMelgaza26
Stefco thank you for that, well I did not mean "don't put too many indicators on your screen" because it's going to put NT on it's knees, thats another story, but if your computer is having hard time analyzing all those indicators all together at the same time, wouldn't we have hard time analyzing all this info and make the right decision?
those who put a lot of indicators on their screen do that just because they don't feel comfortable yet and they need MORE AND MORE confirmations from what is already given on the screen, such traders will soon realize that no matter how many indicators you'll have, no matter how precise they will be, when you are watching the CURRENT BAR, YOU WON'T KNOW WHETHER TO TAKE THE TRADE OR NOT, but looking back on their screen, EVERYTHING looks perfect and so EASY to have taken the trade up or down, and when they decide to take the trade, they don't even realize all the signals that are coming in, it's just a bunch of confusions things happening at the same time. this is what happened to me when I had all these indi's back than, I said before in one of my posts, that my screen back than looked PERFECT and beautiful and everything was amazing, except ONLY after the fact but when I was looking at the CURRENT BAR I still HAD NO CLUE WHAT TO DO

and I do agree with you that admis is one of the few friends here who has contributed so much to this forum, now he's not the only one of course, there's minch too as well, but in this thread admis is really standing out and participates and helped EVERYONE who has asked anything from him, so admis thank you very much for everything you've done, and special thank for the allert you've put in D3spotterRSI, and just for being with us here and helping with your great skills.
01-26-2014, 08:02 AMadmis
Thank you guys for such kind words. :">
Everything I do here I do with a pleasure especially for people willing to share their experience. As a guy with a roots in science I believe the knowledge should be free and widely available.
Cheers,
01-26-2014, 08:38 AMwestvleteren
I haev been trying to create the Trade Finder template based on the video of the N@viTr@der website.
http://www.n@vitr@der.com/flash/training/trendicators/tradefinder_launch_and_configuration/trade_finder_launching_and_configuration.htm
Mmmm, I am not succesfull.
See screenshot.
Anyone has any suggestion how to het the Market Anaylser as shown by N@viTr@der videos?http://my.jetscreenshot.com/22591/20140126-4wvb-91kb
01-26-2014, 08:39 AMwestvleteren
Here screenshot. Sorry for the possible confusion.http://my.jetscreenshot.com/22591/20140126-4wvb-91kb

Offline Sojourner

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Re: elgaza method
« Reply #26 on: March 12, 2014, 12:23:06 PM »
westvleteren
Screenshot is not working. I have no idea why.
Here is link http://my.jetscreenshot.com/22591/20140126-4wvb-91kb
I apologise.
01-26-2014, 08:41 AMadmis
Yesterday evening I've spent on listening a range of webinars. I'd recommend you in particular the following two concerning the subject of market profile:
http://traderkingdom.com/market-profile-archived-webinars/1102-market-profile-trading-practical-applications-and-techniques
and
http://traderkingdom.com/market-profile-archived-webinars/4860-trading-strategy-recorded-webinar-effect-of-high-frequency-trading-on-day-trading-strategies
by Tom Alexander
These webinars can bring for everyone here a better understanding of elagaza approach to trading.

IMHO: Most of the webinars published there (http://traderkingdom.com/market-profile-archived-webinars) are really very valueable even for experienced traders.
01-26-2014, 08:53 AMadmis
Quote:
Originally Posted by westvleteren  View Post
I haev been trying to create the Trade Finder template based on the video of the N@viTr@der website.
http://www.n@vitr@der.com/flash/training/trendicators/tradefinder_launch_and_configuration/trade_finder_launching_and_configuration.htm
Mmmm, I am not succesfull.
See screenshot.
Anyone has any suggestion how to het the Market Anaylser as shown by N@viTr@der videos?http://my.jetscreenshot.com/22591/20140126-4wvb-91kb
Why not to try to use their templates which I've already uploaded?:
http://www.sendspace.com/file/j7rt6w

pass: indo-investasi
01-26-2014, 09:08 AMwestvleteren
As an add-on suggestion to Admis'excellent suggestion of post 1002: Those who think they know MP already: have a look at the MP treasury room at www.cisco-futures.com. Do not get fooled by the website layout! Here you find 40 years of MP research. The more known bigger names of MP all point back to this guy (especially Tom Alexander who was referenced in post 1002). Do not think you master the MP too soon!!!!
01-26-2014, 09:44 AMadmis
I'm thinking right now about Gomi implementation of volume ladder and new algorithm of presented orders by CME (where even big orders are splitted into a small chunks). It is significant important, as elgaza has desribed it, to use it only with a filter for only large orders.

I'm affraid, based on reading gomi source, that filtering not includes an iceberg orders and those splitted by CME because of missing aggregation algorithm in gomi framework (like it is in a JS Tools for example).
So it means we are omitting a lot of large orders in the ladder...

What do you thing about it?
01-26-2014, 10:02 AMminch
...................
01-26-2014, 10:06 AMexp48967
Quote:
I'm affraid, based on reading gomi source, that filtering not includes an iceberg orders and those splitted by CME because of missing aggregation algorithm in gomi framework (like it is in a JS Tools for example).
So it means we are omitting a lot of large orders in the ladder...
Im' testing elg@aza config with the jigs@w (reading the tape) that can print also iceberg orders.

Just 2cents.

Thanks for all.
01-26-2014, 10:08 AMelgaza26
you're both correct, but what are the options?
what else do we have, I use what's available to me and with that minimal tool, I can still make a decisions, if you know of a better way, I'd love to know where I can better my ladder with more accurate data
01-26-2014, 10:27 AMminch
..................
01-26-2014, 10:31 AMStefco
So minch all this has been happening since 4th Oct 2009?
http://www.marketdelta.com/blog/2009/10/news/cme-equity-futures-enhancement/
01-26-2014, 10:45 AMelgaza26
Yes minch this is correct, but you saw me here, I don't depend on making an entry on the ladder, it's just another layer of information that makes it clearer to me, as close as possible as to where there's more pressure in the market, and it's better than many indicators we have here to show pressure, I think

admis thank you for those links, just watched the first one and now the second one, they are very good, and especially the 2nd one, if you'll notice I say and repeat so many things here that Tom Alexander is saying there, less indicators, volume precedes price, and so on, people should watch these videos and than maybe they'll listen if not to me than to Alexander a 28 years veteran in the market, any way I believe that the way my screens are setup are better than many other screens with other indicators, I'd like to know if someone thinks other wise and had a better experience using different setups

guys this is not a race or competition that I'm challenging here, I'm not trying to say I have the best setup and everyone else is wrong, but I'm trying to learn from others too, so if you REALLY THINK that you have something better, NICE PLEASE, from you all, share it with us so WE CAN ALL BENEFIT from it here

THIS WAS MY INTENTION FROM POST #1 for all of us to benefit TOGETHER and WORK TOGETHER as I mentioned it before, so someone out there please show me a better setup than this screen I provide and lets talk about it and better ourselves!!!
01-26-2014, 11:08 AMchonpz
Traderbeauty....love your fib work....you should open your own thread .....would love see you teach us and apply it on daily markets....
01-26-2014, 11:09 AMminch
................
01-26-2014, 11:17 AMelgaza26
YES and frankly everything he say's is right on and correct
but don't forget the fact that most traders here and out there, just can't afford to be a swinger or even mini swingers
most traders have a small capital to start with and if they're gonna go and apply his strategy going 1 to 10 or 1 to 12 as he mentioned, than they will be able to trade once or twice with their account and that's it if they were wrong, so until most of us could have a better cushion and take larger risks, YOU HAVE NO CHOICE BUT TO SCALP, it's not what you want but what you're forced to do.
I've mentioned before here that my style fits better to a swinger but the market behavior forces me to be a micro swinger, not by choice but by the risk I will allow myself to take
when a person has adopted a strategy that works for him/her and made successful trades and now he's trading from earned money and not own money, then and only then can he go and expand his style to a different level, but until then I'm afraid that most people will stick to scalping as this is the only way to grow ones small account
01-26-2014, 11:19 AMchonpz
so if the price retraces to 38.2 look for 192% and 261% extension
what are the extension rules for retracements to 50%, 61.8% and 76.4%
01-26-2014, 11:39 AMminch
....................
01-26-2014, 11:42 AMelgaza26
chonpz I can't help noticing how much you love the Fibonacci analysis, you've posted before and showed your excitement over these readings
the Fibs level are not bad as many other people use the as we mentioned here before and the market reacts to them some time, but let me clear something about the Fib level and I dare ANY ONE TO deny what I say here, as I’ve learned it very well in the past
the Fib have usually 4 to 5 levels that are static percentage of a spread point A to B, if you religiously follow any Fib levels, you’ll notice that just too many times those levels WILL NOT RESPOND as you’ve expected, the FIBS WILL GIVE YOU SAME RESULTS AS MOVING AVERAGES, no difference ANY moving average will have a certain success results as for the fact that’s an average of a given price range, the Fibs are no different than that, you’ll have many times that price will bounce off those level and MANY times that price will go through them like butter and will put you in a position you do not want to be in, you must treat Fibs level like a moving average and not like levels you’d get from a Market Profile that most of the time those level WILL REACT as oppose to a moving average
ANY ONE WHO THINKS I’M WRONG PLEASE I’D LIKE TO BE TOLD SO
Don’t be afraid to write and give an answer to me, but I just wanted to clear this point once and for all, that Fibs level can’t compete Market Profile levels to the accuracy and repetitions they react in the market.
I really hope this info falls on listening ears.
Having said all that, I mentioned before in one of my posts to Jane, that the Fibs level could be used as a tool to open you eye when price gets to those level but to act upon them, just because price has reached that level, is NOT A PROFESSIONAL APPROACH
Anyone thinks otherwise I’d like to be told so!!!
Thank you, elgaza
01-26-2014, 11:47 AMTraderbeauty
Quote:
Originally Posted by chonpz  View Post
so if the price retraces to 38.2 look for 192% and 261% extension
what are the extension rules for retracements to 50%, 61.8% and 76.4%
when 50 i expect 1.618 anf when 61.8 or 78 i expect 1.272 at least.
whenever this does not happen- that means that the market is slowing and we might have a reversal coming soon.
REGARDING VOLUME ANALYSIS-
I see its value and i fully understand its usage but......
I believe that PRICE contains ALL the possible info including news, volume and every possible bit of info.
So instead of trying to measure or judge individual pieces of the puzzle i just watch the price and let it derive my decisions .
look at this short-
i mean -we had a lower low to 1.272 so i was expecting the market to retrace and continue down, was not interested in going long, was not interested in guessing WHERE and why it will go down, i mean- who cares lol
i just waited and once i got a signal at least at 50 fib ( will not short at 38 when i only got 1.272 extension) i took this short either using the 1 tk or the 2 tk chart - using a small stop and KNOWING AHEAD OF TIME that my target is going to be at least 1.618 which happened.in reality it went to 1.918 to the tick- retraced and i took another short- this is so easy- like taking sweets from a baby lol- i dont use the indicators i just love the arrows- make it easier to identify the actual entry- so in this entry i made 4.5 points- i went in at 5.25 at the consolidation on the 70 with a 3 tick stop and going out at .75 for 4.5 points just trailed my stop and exited at my target.
Regarding my own post- i would do that but you have to understand that i trade for living and i dont have time to measure- make the decision, pull the trigger , watch the trade and then post it AHEAD of time- i am so amazed by Elgaza- i mean how can he do that wow- this is just amazing.
Bottom line- instead of looking at tons of indicators or even volume i just let price dictate my trading , its easier because its visual. see for yourself:
http://imagizer.imageshack.us/v2/800...0/713/b2mo.png
01-26-2014, 11:49 AMminch
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01-26-2014, 12:03 PMelgaza26
minch one could have a strategy with MA as well like Pery's system on Big Mike that won the best webinar for last year I believe and made a very good strategy as shown and all based on moving averages, and I'm canceling out any system that works, but today if one want's to go to the next level as any professional trader will tell you, than ones must adopt MP to his style for better confirmation, THIS IS WHAT IT'S ALL ABOUT, BETTER CONFIRMATION nothing else, there are hundreds of strategies out there that make money, I've mentioned it as well that works, but some have better results than others, I believe that MP will have the BEST RESULTS compared to any of them to get those levels, the other one is the ladder except the ladder cant give you a clear picture on the long run cause you'd lose focus, the MP will give you that on one screen, so again I'm not canceling any system but in comparison I'll tell you that from MY EXPERIENCE I just can't see any thing out there to give you better results!!!

hey minch THIS IS EXACTLY WHAT I WAS TALKING ABOUT this is what I expect from people to give their opinion as this is not a competition to prove one is better than the other but to exchange information and knowledge here
so THANK YOU minch for that, I wish others will follow your steps.
01-26-2014, 12:07 PMelgaza26
minch Tom Alexander is trading the market for 28 years, any trader that lasts more than 6 months in the market IS NOT A JOKE, but someone that we can learn from, jokers don't lasts!!!
01-26-2014, 12:07 PMminch
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01-26-2014, 12:09 PMminch
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01-26-2014, 12:10 PMelgaza26
I WOULD LOVE TO KNOW FROM WHICH OTHER SYSTEMS?

the point of this thread is starting to take a shape now, please point me to those systems, anything that will better my trading style, will be more than welcomed and with a big THANKS to you as well
01-26-2014, 12:14 PMminch
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01-26-2014, 12:23 PMadmis
Quote:
Originally Posted by minch  View Post
here is an example from a pit trader, real professional trader, trading since mid of 1970s, who uses fibs only plus some divergence and having been harvesting for decades with single method. you can find his footstep in BM too. http://www.elitetrader.com/vb/showthread.php?t=223293

P.S. if you finish reading all posts in that thread you might feel that comparing with what shopster achieved that Tom is just a joke~~
Don't forget shopster is mainly (if not exclusively) trading on forex market where volume practically is not usable. So he must rely solely on the price. I belive there is a common area of application for these 2 approaches (MP and Fibo).
01-26-2014, 12:23 PMelgaza26
And I will do just that, no doubt about it, this is my job, that's what I do for a living and if someone says there's something better, I'll be the first one to be there and check it out, so thank you for that info, it is very welcome here, as we are constantly learning.
I know that there are those traders or "so called traders" that only want to show how they trade and how good their system is, just for the pat on the shoulder and a bit of respect from others, we all know from so many threads such people, but they are very easily recognized and people stay away from them, I think what I’ve given here as people saw is information that is live real and effective, my point was to help others and leverage their chances in the market, if most people here would have traded my style, they wouldn’t go look any other place for better info, but as a professional trader like any other profession out there, one just doesn’t stop learning about his/her profession, they just get better
So thank you minch, and at last I get something here to learn from others, it was all worth it
01-26-2014, 12:25 PMelgaza26
admis a very good point you've just brought out here, I didn't know that he does Forex only, quite frankly I don't know anything about him till now!
01-26-2014, 12:30 PMminch
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01-26-2014, 12:30 PMTraderbeauty
Quote:
Originally Posted by elgaza26  View Post
chonpz I can't help noticing how much you love the Fibonacci analysis, you've posted before and showed your excitement over these readings
the Fibs level are not bad as many other people use the as we mentioned here before and the market reacts to them some time, but let me clear something about the Fib level and I dare ANY ONE TO deny what I say here, as I’ve learned it very well in the past
the Fib have usually 4 to 5 levels that are static percentage of a spread point A to B, if you religiously follow any Fib levels, you’ll notice that just too many times those levels WILL NOT RESPOND as you’ve expected, the FIBS WILL GIVE YOU SAME RESULTS AS MOVING AVERAGES, no difference ANY moving average will have a certain success results as for the fact that’s an average of a given price range, the Fibs are no different than that, you’ll have many times that price will bounce off those level and MANY times that price will go through them like butter and will put you in a position you do not want to be in, you must treat Fibs level like a moving average and not like levels you’d get from a Market Profile that most of the time those level WILL REACT as oppose to a moving average
ANY ONE WHO THINKS I’M WRONG PLEASE I’D LIKE TO BE TOLD SO
Don’t be afraid to write and give an answer to me, but I just wanted to clear this point once and for all, that Fibs level can’t compete Market Profile levels to the accuracy and repetitions they react in the market.
I really hope this info falls on listening ears.
Having said all that, I mentioned before in one of my posts to Jane, that the Fibs level could be used as a tool to open you eye when price gets to those level but to act upon them, just because price has reached that level, is NOT A PROFESSIONAL APPROACH
Anyone thinks otherwise I’d like to be told so!!!
Thank you, elgaza
Hi Elgaza- I feel a little awkward because this is your thread and we all thank you very much for your sharing but....lol
YOU ARE TOTALLY AND FULLY WRONG .
Just look at my previous post with the chart and tell me that i am wrong.
first of all you are wrong about the definition of the method- trading just fibs will not work or at least not consistently- and in that you are absolutely right.
What I trade is LEG ACTION, i dont want to call it PRICE or MARKET ACTION because i dont use trendlines or other patterns used by price action analysis courses that i read.
Watching the market move is like a story being told , its a journey starting at point A and going to point B, our task is to follow it and KNOW AHEAD of time where are we coming from and where are we going to ; and this is exactly what i do.
I NEVER put orders ahead of time and i never try to GUESS which fib will hold- what for, who cares, i let the market tell me what its doing right now in real time.
I PREDICT a move to the future , but then i dont react on it UNLESS i see a proof and only then i go in.
If i am very sure about the entry i will go in based on a consolidation at a fib location which many times is a sufficient proof at a fib location using sometimes even 2 tick stop, once i am in i can go for 5 points or even more if the legs are big enough .
If the scenario is not super clear i will wait for a better proof - like a signal on the 2 tick.
If i am lost and not sure what is going on then i will wait not just for a reaction but also for a pattern on the 1 or 2 tk chart.
This method is amazing and is working because its the pure and natural way of market moves.
There is no way you can compare fib entry which is LEADING and most of the times enables me to enter within few tick after the move started - how can you compare that to a moving avg entry which is delayed nd will enter you way after the move started,
I will try to make some calls in real time AHEAD of price meaning
I WILL MAKE SOME CALLS STARTING MONDAY FEW POINTS AHEAD OF THE MOVE- meaning BEFORE the market gets there,
I do my executions on a separate puter using IB so its impossible for me to post my trades on this one.
Take care and please the meaning of this post is not to upset anybody- just to express my beliefs.
01-26-2014, 12:46 PMelgaza26
Hi Jane, I wasn't talking about you in particular, but about the Fibs level, now if you use legs and whatever works for you, THAN THIS IS WHAT YOU SHOULD DO, I said so many time again and again, get a system that works for you and excel in it, and stick to it, and I said that Pery's system works with moving averages and he's doing great, I used it too and it works, again I'm not canceling any system here, but what I did say is that a relying on a static number could never be more accurate then MP where the banks put their stamp on certain levels, those level won't fail most of the time, unless days like we saw on Friday, the Fibs level will fail as I've tested them before on every level you get, so Fibs system should be taken with caution on every level, and not relying that EVERY level would give you a signal for a bounce in the market
if you have a system that guides you to take trades in the market and still be cautious than don't change it just excel in it, so again those words were not meant to you or any individual but I just compared the Fibs with statics numbers to a very dynamic market!!!
01-26-2014, 12:47 PMelgaza26
OK, I just watched the 2nd video provided by admis, and I can tell you from what I hear him saying, HE IS NOT A JOKE, I understand everything he says and can relate to it, he does trade a bit differently than I do the MP, but that’s his style, everyone has a different style in the market, and he takes MP for undervalued or overvalued price locations, I take it a bit more specific than just that
If someone says he's a joke, it's just because he doesn't quite understand to the full extent the MP, well that’s what I think.
Cause me and so many other traders are a prove that this way works and we make a living with it, so any one who tells me otherwise, can keep on saying that, while I’ll still make my trades and make money as I've shown on this thread.
You’ll always have different opinions as to what’s good and what’s not good, the best prove is whether you make money with it or not!!!
And even if you do, how much of a draw down would one have using his/her system!!!
01-26-2014, 12:55 PMminch
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01-26-2014, 01:09 PMelgaza26
I see what you mean, well OK, I'm just trying to take part of the market and my style works for me, this is what I'm trying to share with everyone here, and I think I've shown more than once that it works, that's it as simple as that, I make a living with that, and a good living I might add!!!
01-26-2014, 01:16 PMminch
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01-26-2014, 01:20 PMwizard101
ladies and gents don't also forget that a good solid reading of momentum analysis with price action can also enable one to trade successfully. Combined with market structure analysis in liquid markets and solid risk management (key to whatever one utilizes) is key.... There are traders that trade huge size for example John Carter who exclusively trades based off momentum with some merket internals based on defined "objective setups" who doesn't need to rely on maket profile "not knocking it" but has developed an edge with high probability setups....the point is developing an "edge" and learning to trust one's own setups in the long term in order to gain the confidence to trade successfully and again trust your own work and develop your own style.....just my 2 cents worth.....
01-26-2014, 01:20 PMadmis
Quote:
Originally Posted by minch  View Post
my judge for a good system is whether it can be automated without super human labor monitoring. as MP is not a system but just a tool, i have yet to see any auto system to use it successfully in market. making a living vs making a fortune is different, that's where you can find shopster vs Tom. in money sense, that's what i mean for a JOKE.
minch it seems to me, you've seen such strategy based on shopster approach and it is working in this way what you expect from it. Is it means equally for you that such strategy based on MP approach does not exist because you've not found it yet?
I think, in the sense of logic it is an incorrect supposition.;)
01-26-2014, 01:24 PMelgaza26
Guys and girls I want to clear a point here that I think is important in this thread and I want everyone here to read this, cause especially if you are a beginner and have hope to be a day trader and just don’t know if you can cut it, or if you have a chance than you should read this to clarify couple points:
My trading style and the way I read the market, gives me leverage over any indicators I've tested before
I've started this thread stating the the N@vi indi, is one of the best indi’s for signal for all those indi’s out there, and I still stand with this opinion until I’ll be proven otherwise with a different indicator shown to me, BUT THAT’S AN INDICATOR, not a trading system, I have a trading style and I use this indi to help me make a better decision in my trading style, indicators CANT REPLACE a strategy, and can’t replace market knowledge, and to prove that, well you all have the signals on your screen, and still some of you are still losing or not having the confidence to take a trade, but when you see the screen after the fact everyone says, “gosh if I’ve only taken it long or short from here, I’d make a killing, it looks so easy with these signals”, trading IS NOT EASY, for any one and I don’t care how good they are, we are here against giants in the market and we have to make better decision than they do, so no matter what you have on your screen and how good of an indicator you have, learning the market won’t be replaced with indicators, the shortcuts are the learning and using the indicator as confirmation to what you already know, this is what I do, and sometimes you see I take trades before the signals come and I say that there’s going to be a signal coming on that bar if you followed some of the trades, so what we need to take from all that, is indicators are great but the HOLY GRAIL IS YOUR STRATEGY not your indicator, and if you learn the market I can tell you that one day you’ll be a day trader as I am, cause I've been there and went through the exact thing most of you are going through right now, you have the thirst to succeed and the tools to go with but you’re still missing the confidence to execute a trade without fear cause of the learning curve that comes with it.
I’ll say it again, we don’t have to take the whole cake in the market, just one or two good setups that comes along will give you the financial freedom you’re all seeking for, making 2, 3 points a day, in time will give you more financial freedom than most of your jobs you’re doing right now, trading that with 3 to 4 contracts which is not unrealistic and making 2 to 3 points a day with good setup is not something that unrealistic could generate about $12,000 a month in average so don’t be like I was at first, wanted to take every opportunity that came along with every signal that plotted on my screen, and I did just that took everything and you know why?, not because I was greedy or anything like that but because I did not understand the market and didn't really know which one not to take I’m sure some of you can relate to this, we all go through this
Now the only way to make it in the market and become everything we just talked about is with lots of practice, and over 1 or 2 setups, you do that and I can promise you, you’ll throw away your current job, for this job is THE BEST job in the world, where you are your own boss, setting your own time schedule, not depended on a geographical location, and could even work when you’re in the washroom, LOL, do you know of any other better job than that?, well I don’t so do you’re self a favor, take my words and practice, on 1 or two setup, spend your time on finding those setups and less on indicators or background colors or other insignificant things, and get to work, when you’ll pass that stage, you’ll thank me for being right on this with EVERY WORD I give you here, as I said before I was there and wished someone could have given me all this info I’m giving you, but I had to learn the hard way, and paid money for it, flashed couple accounts while doing it
Today I want some people out there not to make the same mistakes I made and maybe be smarter than me and learn from someone who passed the staged you’re in
Good luck to us all, really mean it!!!
elgaza

Offline Sojourner

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Re: elgaza method
« Reply #27 on: March 12, 2014, 12:23:43 PM »
westvleteren
Minch,
Why not post the MT4 Shopster system at Indo Investasi in the right place to see if it can be converted to NT? Then we can see if it can contribute to what Elgaza is trying to establish here. After all, that is the purpose of this thread.
I found Shopster's thread at Elite trader to be closed and at BM he seems to be revoked.
01-26-2014, 01:41 PMelgaza26
lol, many other jobs out there have there minuses as well, but compared to others and considering every aspect, I wouldn't change it for any other job out there, as I consider this to be THE best job in the world
01-26-2014, 01:42 PMelgaza26
westvleteren do you know why he was revoked?
01-26-2014, 01:49 PMminch
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01-26-2014, 01:49 PMwestvleteren
Elgaza,
No I do not know why Shopster was revoked at BM. But I am curious to his system after the claims I read. An automated system system printing money every day. Imagine just 10 pips or ticks per instrument per day for one contract. Just set up 5 laptops (one for each instrument) and get 50 pips/ticks per day for trading one contract per instrument. Sounds almost too good to be true, so I would like to see the Shopster system. No doubt it may contribute to what you are achieving here.
01-26-2014, 01:50 PMminch
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01-26-2014, 01:52 PMminch
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01-26-2014, 01:56 PMelgaza26
the problem I have with automated system is, that it can't measure everything in the market, and we have fear and greed that sometimes breaks all the rules in the market, as well since it's robotic it's going to take every trade that generates a signal, usually the draw down of every black box is big, and you need to put a lot of money to give you some results, so I don't trust it more than myself
01-26-2014, 02:00 PMminch
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01-26-2014, 02:04 PMelgaza26
yup that's right
01-26-2014, 02:15 PMelgaza26
never the less guys you got to admit we have here the best thread around, with everyones input
01-26-2014, 02:15 PMminch
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01-26-2014, 02:29 PMelgaza26
minch did you see this one in action? cause I don't quite get it from just a picture
01-26-2014, 02:31 PMminch
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01-26-2014, 02:36 PMelgaza26
very interesting, I guess the same principles apply as the keltner/bollingers bands
01-26-2014, 02:38 PMelgaza26
Jane honey this one is for you:
I have to clarify a point I made before, because I think you may take me wrong here
When I challenge Fib to MP, I challenge the indicator not your strategy, you cant compare a strategy to an indicator, just like the N@vi is not enough on its own till you apply it to a strategy, so what you do with your Fib is great if it works for you, no one here will doubt you until they'll try it for themselves I guess, and using a strategy with any tools will work
But what I challenged was the accuracy and frequency on Fib and MP compared, I hope I'm clear on that point and we all love you here and want to hear your analysis, so don't get me wrong by my words, cause I think the wrong message was passed here
01-26-2014, 02:41 PMminch
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01-26-2014, 02:45 PMelgaza26
any video clip on that?
01-26-2014, 02:51 PMminch
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01-26-2014, 02:54 PMelgaza26
minch I said before that I'm very interested in checking out ANY volume related indicator and there was one that caught my eyes and I was looking high and low for it and admis I think gave us a copy of it but I think it was for ver 6.5 so it doesn't work, the one I'm very much looking for and did for a while is https://www.fibozachi.com/products/tradestation/volt it's based on Volume and Tick pressure, this is something that I would love to add to my screen to check it out.

anyone has this one?
I wish someone had it
01-26-2014, 03:02 PMminch
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01-26-2014, 03:05 PMelgaza26
all I'm getting in the search is about iPod stuff, LOL
01-26-2014, 03:07 PMminch
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01-26-2014, 03:08 PMTraderbeauty
Quote:
Originally Posted by elgaza26  View Post
Jane honey this one is for you:
I have to clarify a point I made before, because I think you may take me wrong here
When I challenge Fib to MP, I challenge the indicator not your strategy, you cant compare a strategy to an indicator, just like the N@vi is not enough on its own till you apply it to a strategy, so what you do with your Fib is great if it works for you, no one here will doubt you until they'll try it for themselves I guess, and using a strategy with any tools will work
But what I challenged was the accuracy and frequency on Fib and MP compared, I hope I'm clear on that point and we all love you here and want to hear your analysis, so don't get me wrong by my words, cause I think the wrong message was passed here
Elgaza- thanks for your kind words.
Maybe i should change the name of my method- in reality- I DO NOT TRADE FIBS.
I use fibs to get me in when i trade countertrend- i will only go in at a fib.
On the same note- i use fib to tell me if the trend is strong and if it is then i expect a retracement with a continuation- look at my previous post- chart- and let me explain-
the market went down and start to retrace right from the .1272 at that time i KNEW FOR A FACT that its doing that- i mean you just see the market going up- look at the chart around 10:31
NOW- the fact that the market went down to at least 1.272 IS TELLING ME that it will continue down from a fib level at least 50 to 78 of retracement- now- do you think that i give a rats a** which fib is it going to be ?
you think i am going to be insulted by the market if it will do it from 88 or even a double top ? WHO CARES , i am not sitting there and watching with a magnifying glass and getting distraught if the fib breaks, i am just sitting there and waiting for a RED ARROW either on a 1 or 2 tick chart- once i got it i just go in - i dont care about institutions or mp or anything else.btw- i did get the red arrow around 10:41 which was a lot of time to measure everything, sit and relax and just wait for the signal.
ALL I KNOW IS THAT I EXPECT A SHORT SOMEWHERE AND THIS SHORT WILL COME. now- if i dont get a short signal i dont cry or quit- i just wait to see if the new high exceeded the previous on by 1.272 and then i expect to go long.
I dont care about fib or how accurate they are or not- all i know is that i expect a short- now here is the kicker-
Once i got in- i look around and i see that the entry level was 50 fib- so now I KNOW that the target is going to be at least 1.618 - so instead of trying to guess or watch the ladder or mp for an exit or just take 2 points you can take a trade for much more- in this case i made 4.5 points with an initial stop of 3 ticks.
So lets just forget the WORD FIB and lets just call my method traderbeauty Leg Game- meaning - we are playing the game of the legs and the previous legs are telling us if we should continue with the market or against it.
Take care
Jane
http://imagizer.imageshack.us/v2/800...0/713/b2mo.png
01-26-2014, 03:16 PMelgaza26
minch I'm a member at BM and made a search right in the forum didn't come up with anything, 2 results that didn't show a thing, so I'm not too sure what I'm doing wrong
01-26-2014, 03:18 PMsauron
lets call it "Traderbeauty Legs"
01-26-2014, 03:18 PMminch
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01-26-2014, 03:22 PMelgaza26
got it, and it looks great, looks like MP histogram there with some calculation of POC
01-26-2014, 03:30 PMminch
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01-26-2014, 03:35 PMelgaza26
well take it easy here, until I dump what makes me great living, I'll just go and check it out
it's a huge thread but, I'll surely check it out, as I said this is my job and I'll do what ever it takes to better my odds, right now I'm not doing bad at all, and my trades rewards me, and I have my wife to prove it, LOL
01-26-2014, 03:40 PMelgaza26
and one more thing if it's true and it surpass my trading style, I WONT WAIT FOR A CRACK I'll just buy that darn product, this is business for me, not the black maket
01-26-2014, 03:41 PMminch
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01-26-2014, 03:44 PMflipper26
MIPOD - most important price of the day. He trades mostly CL whereas Elgaza trades ES.

Follow him on twitter, he posts the MIPOD's, https://twitter.com/TradeFlightPlan
01-26-2014, 03:44 PMelgaza26
LOL, I kinda figured it out from the first picture there when I saw something similar to MP, as MP is a tool that will give you an idea where would be the next station the institution will go next, I just use it for the lowest form as well to allow me scalping, nothing is wrong with that and most importantly IT WORKS
01-26-2014, 03:45 PMminch
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01-26-2014, 03:52 PMelgaza26
and I don't think there is such a concept in Tos for server side, but you know better
01-26-2014, 03:58 PMelgaza26
Quote:
Originally Posted by minch  View Post
for indicator stuff, i will only trust it when i see its source code...
for indicator stuff, I will only trust it when I can make money with it

I don't have your skills of programing, but I have other skills that allows me to make a living with some indicators, wish I new how to program though.
01-26-2014, 04:04 PMminch
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01-26-2014, 04:12 PMelgaza26
Totally agree, as I mentioned about Pery's strategy, if you stick to your strategy and excel in it you will succeed in it.
I've been trying to inject this thought to all the viewers here, but sometime it's hard to do, no matter how much sense talk you'll have, the lack of knowledge will keep other skeptical as they were before they came to this thread
so ya true words!!!

Offline Sojourner

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Re: elgaza method
« Reply #28 on: March 12, 2014, 12:24:12 PM »
elgaza26
ha ha ha, minch you're the best, I like the ES better, LOL
that was funny
01-26-2014, 04:29 PMelgaza26
WOW, they're really good
01-26-2014, 04:33 PMminch
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01-26-2014, 04:34 PMadmis
minch, I can't find any security reason for deleting your posts from this thread. It'll be extremely difficult to read and understand this thread for future readers.
01-26-2014, 04:36 PMminch
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01-26-2014, 04:41 PMadmis
Quote:
Originally Posted by minch  View Post
i will delete all of my posts soon. don't want hijack this thread.
By whom it can be hijacked? @-)
01-26-2014, 04:58 PMadmis
minch, forgive me please, you know I HAD a big respect for you, but I'm afraid you are exaggerating...
01-26-2014, 05:02 PMminch
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01-26-2014, 05:13 PMadmis
I said it above. Did you read it? By deleting your posts with no real reason.
01-26-2014, 05:15 PMminch
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01-26-2014, 05:19 PMadmis
No comments. Two different, not coherent worlds.
01-26-2014, 05:31 PMminch
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01-26-2014, 05:32 PMIl Quotidiano Gratis
it was the best thread... slowly slowly it is going to rabbish... elgaza please presents us another best operation ^_^

egaza i use to VolumeProfile... do you think there is any important different with MarketProfile? though they both use the same reasoning
01-26-2014, 06:01 PMelgaza26
there are two profiles used, volume profile and tpo, we use volume profile, but the difference is not that big.

OK market started, I need to be focused sorry
01-26-2014, 06:03 PMelgaza26
60m RSI is at 15.52 but the trend is still down
01-26-2014, 06:04 PMelgaza26
if we continue the down trend WE WILL THE THE 60.75 come to play, but until then .....
01-26-2014, 06:05 PMelgaza26
if we go up we could see 98.25 but it looks like wer'e going south from here
01-26-2014, 06:11 PMelgaza26
see how hard it is for it to go up, if to goes down from here back to 77.5 I'll short it, cause thats the pivot
01-26-2014, 06:17 PMelgaza26
78.75 was the critical tick to define the trend down again, and thats where I shorted it again, I hope it will hold and not take me out with 1 tick like Fri
01-26-2014, 06:18 PMelgaza26
my target for now is 72.5 giving myself 2tks hopfuly
01-26-2014, 06:19 PMelgaza26
78.5 stop loss not going to risk my 10 cars
01-26-2014, 06:20 PMelgaza26
ha ha the bias is continuing got me a tick with 10 cars darn
I don't know do you guys want the pics?
01-26-2014, 06:25 PMelgaza26
weakness is all I see
01-26-2014, 06:29 PMelgaza26
you see how the exhaustion signals come at the OFA and how little it goes up after them, that means we're probably continue down
01-26-2014, 06:31 PMelgaza26
They just don't have the power to push up, I hope you follow this and understand the whole picture and what’s the probabilities
01-26-2014, 06:32 PMsamsammy
Quote:
Originally Posted by elgaza26  View Post
ha ha the bias is continuing got me a tick with 10 cars darn
I don't know do you guys want the pics?
not necessarily entry and exit shots for the 1 tk trade.. but maybe pics showing the MP and/or whatever you’re using for analysis to get all the important areas you mentioned in the last few posts.. :)
01-26-2014, 06:35 PMTraderbeauty
market opened- i am not trying to guess- no divergence- shorting on the 2 tick chart- not enough ticks now to use on the 1 tick
shorted on the first arrow, then shorted again on the second 3 and 4th - arrow 5 is showing us a divergence right now at this minute- meaning- we might go a little higher so holding my next short and waiting.
NO BRAINER - no need to think or look at friday or anything- just do what the market is telling you.
http://imagizer.imageshack.us/v2/800x600q90/19/m361.jpg

link
http://imagizer.imageshack.us/v2/800x600q90/19/m361.jpg
01-26-2014, 06:37 PMelgaza26
OK this will show you the logic in that trade and why I took it and chose my exit

http://uploadingit.com/file/1ivh7mvn1rieyqv9/Exit.jpg

we went under that little point of rejection and I wanted to go to the next cluster giving myself 2tks safty zone
01-26-2014, 06:39 PMelgaza26
2tks LOTS OF VOLUME, so I'll be ready, cause something is cooking
01-26-2014, 06:40 PMelgaza26
I'll be watching the 76.5 if it gets there now
01-26-2014, 06:43 PMelgaza26
I feel like in a sandwich, on one side I got %15.5 RSI on the 60m chart, and on the other side I don't see any strength in the market, this is very hard to distinguish what's going to happen, I just have to take the trend as my friend right now and bet on shorts better than longs
01-26-2014, 06:45 PMelgaza26
15m chart as well %18.25 RSI , but instead of shooting to the sky, look we hardly went up 2 points, and it's pausing, do you see what I mean?
01-26-2014, 06:45 PMsamsammy
Quote:
Originally Posted by Traderbeauty  View Post
market opened- i am not trying to guess- no divergence...

shorted on the first arrow, then shorted again on the second 3 and 4th - arrow 5 is showing us a divergence right now at this minute- meaning- we might go a little higher so holding my next short and waiting.
hi jane, what do you mean by "no divergence" (since you're not using indicator to compare w price)?
01-26-2014, 06:47 PMelgaza26
Thank you market, now you decided to shoot to the sky,
01-26-2014, 06:53 PMelgaza26
look at the ladder, 1780, is the last print on the ladder, that's why we're pausing there
01-26-2014, 06:53 PMsamsammy
CCI showing -244 in that last pic...
01-26-2014, 06:56 PMelgaza26
YES but take to consideration that this is a DAILY chart
01-26-2014, 07:03 PMelgaza26
you know guys on a normal situation, a setup like this could mean for me a month work, I'd go big time and take the ride to the sky, but after such a dump, that I'm not sure that is finished, I'm very cautious, having the 15m and the 60m RSI under the %20 is RARE and I'd borrow money if I had to go as much as possible, but it's OK we wait for the next setup
01-26-2014, 07:04 PMelgaza26
OK I hope this will hold
short from 79.75 stop 1 darn tick
01-26-2014, 07:05 PMelgaza26
I'll trail it down, but you see what I mean sandwich, can't tell what's gonna happen here

Offline Sojourner

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Re: elgaza method
« Reply #29 on: March 12, 2014, 12:24:45 PM »
elgaza26
stop at 79 securing 3tks cause I don't see a reason to keep it 1tk
01-26-2014, 07:10 PMelgaza26
Great trade, just cause if you look at the MP you'll see why, 78.5 was a barrier for me, didn't want to take the chance so it got me out, and now it's going down still but, I'm happy cause I did the right decision

Entry:

http://uploadingit.com/file/hhtn4abnzecbxvcm/Entry.jpg

Exit:

http://uploadingit.com/file/es3emnpvou8dyfjd/Exit.jpg

and you see it's having a hard time now to decide where to go
I didn't go crazy, cause I'm already crazy with this market, 5 cars only!!!
01-26-2014, 07:12 PMelgaza26
So you see guys, my targets to get out based on MP are working and protecting me, MP works even on a very small range, like Tom Alexander said, it works on all time frames and market and any situation
01-26-2014, 07:14 PMelgaza26
OK one more, I hope I won't lose it cause of 78.75 tick on MP, but I'm getting exh on OFA
01-26-2014, 07:15 PMelgaza26
this one is risky
01-26-2014, 07:16 PMelgaza26
not willing to give the market more the 2tks
01-26-2014, 07:16 PMelgaza26
79 stop loss
01-26-2014, 07:17 PMelgaza26
my target is 77.25 1tk away from possible target, took it from 79.25
01-26-2014, 07:27 PMelgaza26
OK you need to look at your own MP to understand what I’m talking about in my trade cause on choppy days like that, there’s gonna be just too much here
Entry:
http://uploadingit.com/file/wdkuq8fu9qegnxhd/Entry.jpg

Exit:
http://uploadingit.com/file/9tzemf5bnidxbbtu/Exit.jpg

So you see I got in with the exhaustion and my exit is aimed to 77.25 1tk spread if you look at MP
1tk stop loss cause I’m in the cavity and I’m not going to be the d u m b a s s to give them back money I just took from them
01-26-2014, 07:29 PMelgaza26
see how MP can save you a s s, most people would put a bigger stop loss and would be out in no time, I put 1tk cause I knew the consequences and the risk that THIS TICK had
01-26-2014, 07:31 PMelgaza26
this "trend up" or what we see now is ONLY because RSI is so low, and theres got to be some sort of correction but really this is not an up trend for a typical %15 or %18 RSI on 60m or 15m charts, I'll still look for shorts
01-26-2014, 07:36 PMelgaza26
OK this should be a quick point shorted from 80 to 79.50, 80 is a pivot on the 6tks and on the 2tks charts as you can see, I’m going to take a point here, it should be a quick one I hope
but I won't risk more than 2tks
01-26-2014, 07:37 PMelgaza26
yup they got me those......
01-26-2014, 07:38 PMelgaza26
OK I guess we're changing mode to long, until 15m shows weakness
01-26-2014, 07:42 PMelgaza26
you're not going to hear me saying "I should have taken the RSI long", this is not your normal day, and I didn't see the strength in the market so, I'm OK with that, and like I said WE DON'T NEED TO TAKE THE WHOLE CAKE, there are opportunities, the whole day and every day
01-26-2014, 07:44 PMelgaza26
83.5 could be a tick for me to watch
01-26-2014, 07:48 PMelgaza26
sellers at 82
01-26-2014, 07:53 PMelgaza26
what I do here is wait for retracement if it comes I'll short it
01-26-2014, 07:56 PMelgaza26
I'll also be ready for 83.5 to see how the market react to this tick.
01-26-2014, 08:00 PMelgaza26
see the 2tks chart, consolidation bar on this tick
01-26-2014, 08:01 PMelgaza26
Look at the volume on 2tk at 83.5
01-26-2014, 08:08 PMelgaza26
do you follow this?
you see how this tick is so critical to determine the next step
so you see I don't make up those things, and if you'll learn to read the market like that, you'll have an edge over most people out there
01-26-2014, 08:13 PMelgaza26
I'm still in so wait for update and I'll tell you why I changed my plan
01-26-2014, 08:21 PMelgaza26
OK so on this trade, I told you that I’ll have my eye open on 83.50 and if you followed you saw the churn we had there and how the market chose to reverse there, I took a short when I saw that 84 was hit and came back, at first I put my target at 80.25, ya right, but when I saw the exhaustion on the OFA, I changed it quickly and got out at 82 taking 1.5 point, making back what those buggers took from me before and pocketed another point, not gonna make it easy for them to take my hard earned money.
(like they really notice me, lol)

Entry:

http://uploadingit.com/file/uc1sl2zslvbmtoge/Entry.jpg


Exit:

http://uploadingit.com/file/bvmksko9nbuuenqh/Exit2.jpg
01-26-2014, 08:25 PMelgaza26
81.25 is a level I'll be watching now
01-26-2014, 08:25 PMelgaza26
are you guys following all this?
say something, who's following this?
01-26-2014, 08:32 PMelgaza26
and you see how 83.5 is still in play, and is a significant tick as I mentioned
01-26-2014, 08:35 PMelgaza26
who's watching the OFA right now?
look what's happening there if you have the exhaustion signals, when do you remember seeing something like that?
01-26-2014, 08:36 PMelgaza26
do you really think an indicator would be able to tell you what to do here?
that would be a flip of a coin, you'd have %50 chances so if you were right, you'd still be wrong, cause it was a guess!!!
01-26-2014, 08:52 PMsamsammy
Quote:
Originally Posted by elgaza26  View Post
are you guys following all this?
say something, who's following this?
normally wouldn’t be watching the market on sun night, but was catching up on posts so I’m following… usually I just watch from around the open not overnight, as the common line is that it’s “more risky”... but it’s enlightening that both you and jane, the professional traders, are active right now - right from the aus open.. hmmm
01-26-2014, 08:55 PMelgaza26
samsammy nice to have some sort of reply from someone, lol
I'd love to see other people trading this, not just me, and EVEN with sim, you need to practice not just watch, being in is different from watching
01-26-2014, 08:55 PMelgaza26
OK up to 85, I wouldn't think of taking longs, after 85, I'd consider
01-26-2014, 09:02 PMelgaza26
samsammy I've mentioned before here, there 2 types of day traders, those that work from the opening bell to the closing bell, and there are those who are being called by opportunities whenever they come, I’m the 2nd one.
01-26-2014, 09:08 PMsamsammy
Quote:
Originally Posted by elgaza26  View Post
I'd love to see other people trading this, not just me, and EVEN with sim, you need to practice not just watch, being in is different from watching
yeah, not practicing yet.. i've been reading/watching some stuff on MP first since it is new to me and i didn't understand it b4.. had to have a little idea of what i was supposed to be looking for
01-26-2014, 09:12 PMsamsammy
i get it ... I was just poking a bit at the 'common wisdom' of only trading open hrs.. same wisdom that tells us to use those lagging indis :)
01-26-2014, 09:12 PMelgaza26
I hope I gave you enough of a reason to look into it
and combined with N@vi Tr3nd you'd do just fine
01-26-2014, 09:14 PMelgaza26
SO you see guys that we reached 1784.75 and the market choked over there, it's getting to consolidation now and need to decide which way to go
01-26-2014, 09:18 PMelgaza26
and the same wisdom that would put you in trouble, and food for those HFT
01-26-2014, 09:33 PMelgaza26
this is a very critical point, from here we either go to 87 then 89 or all the way back down!!!
01-26-2014, 09:36 PMelgaza26
and look it's no wonder that now we see on the ladder some prints
I lowered the filter from 200 lots to 50 lots
and now this level is gonna be a fight as I figure it out and from here we will see a grind up or a fall down