Author Topic: elgaza method  (Read 50356 times)

Offline Sojourner

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Re: elgaza method
« Reply #30 on: March 12, 2014, 12:25:22 PM »
elgaza26
almost missed it, look at the bar on the 2tks as big as every bar at every reversal heads up
01-26-2014, 09:43 PMTraderbeauty
Quote:
Originally Posted by samsammy  View Post
hi jane, what do you mean by "no divergence" (since you're not using indicator to compare w price)?
Hi samsammy-
For me a divergence is when the market is trying to go down - breaks the previous low by 1 or 2 ticks and then goes up- if you notice- i located that divergence when the market was at 77.5 and i said i am holding my short and not going to short- but waiting- look now- its almost 10 point up-
NOW THAT IS WHAT I CALL A LIVE FORECAST.
If you noticed- i did not use ANY indicators r other mp or any volume analysis or previous nodes etc- i just watched in real time and gave the notice ahead of time- just look at my previous post.
Traderbeauty-Jane
01-26-2014, 09:44 PMelgaza26
85 still play a critical role here, and a turning point, I'll wait to see how the market react to this
but you see how I've anticipated that, and now we see churn here
01-26-2014, 09:52 PMelgaza26
So why am I not so crazy about longs so much?
look at the 15m chart, and expand it to the whole screen, you'll see how this grinding up has no momentum, and that scares me, cause when something like this falls, you'll need to be very quick to either bail out or even catch it
so right now I'm not so sure if I should even take long so much, I DON'T FEEL VERY COMFORTABLE WITH IT
01-26-2014, 10:08 PMelgaza26
you see 1785 is still in play, and sellers are coming in, that's why I didn't feel comfortable with longs here, and it seems like they don't feel comfortable going long as well, but we have to see how it unfolds before us
01-26-2014, 10:18 PMelgaza26
did you see that how fast it fell off 2 point's, this is exactly what I meant it will be hard to get out or to get in, but I had my order already place to short at 84.25 if it gets there, and it just snapped me!

My patience is starting to pay off here, cause I didn’t want to take long in this market, in spite of those RSI’S lows, this grinding up didn't look good to me as a proper reaction to such a low RSI'S but I waited for just that and I'm short now from 84.25 going to 79.25 for now but will see how things will unfold as well here
01-26-2014, 10:20 PMelgaza26
I'm going to put a stop loss at 84.4 cause it's 10 cars
01-26-2014, 10:22 PMelgaza26
83.5 is my barrier now and I hope it wont go above it right now
01-26-2014, 10:23 PMmoncar
Hi Elgaza, how did you know 85 was a very important level. I have the MP but do not see anything important at 85 or 87 and 89. Thank you
01-26-2014, 10:35 PMelgaza26
NO NO NO, I did not get out yet, with a fall like that, it's worth to take a bit of a bigger risk, and push the stop loss to 85, but look it's hard for it to go down so fast

moncar you need to learn Market Profile and watch the market for a while to get used to the rhythm, eventually you'll get the feelings as well.
for starters watch those links admis has provided earlier this evening
01-26-2014, 10:37 PMelgaza26
I really hope I they don't take it away from me, but the risk/reward here is really big and worth it, but we WONT WIN ALL THE TIME and it's fine, there will be more opportunities coming in, all the time
01-26-2014, 10:39 PMTraderbeauty
So lets continue- but it seems like i am wasting my time- i get no responses so this is going to be my last post.
The idea is- NO BRAINER- i dont want to use too much info- i want it simple KISS.
If you notice my previous post- i said that due to the divergence i expect the market to go higher- and i am holding my shorts-
I had to go but you can see that we had a higher high so i expected a continuation up which is exactly what happened- all you had to do was take every long according to the arrows-
i am using the ETC indicators- i like them very much because of the definite non repainting arrows, so just scalp each arrow for a point or a little more- keep in mind that the general direction is still down so no need to be greedy- now- where will the market continue down ? who knows- who cares - when the market wants to continue down it will tell us so why try to locate the exact location.
look what happened at the double arrow around 21:41 eastern time- WE HAD A DIVERGENCE- market went up 1 tick and then we got a short signal- if you had taken thats a 2 pointer to the moving average.
now- if you notice- i did not use any fib measuring at all, just legs action.
if you ask me- from here since we have a lower low i expect a lower high so the next short arrow should be taken but i am not trading at this hour- going to watch a movie- have a great night.
Its been nice posting here.
Traderbeauty-Jane
http://imagizer.imageshack.us/v2/800x600q90/19/w9ha.jpg
01-26-2014, 10:41 PMelgaza26
look at the 6tks those 2 consolidation bars
there is no telling what will happen with this market, everything works as plan, and then..... then this!
01-26-2014, 10:45 PMelgaza26
OH, come on it's a Sun and 10:45pm here, give me a break already
01-26-2014, 10:47 PMelgaza26
85 again is the critical tick remaining for this little session, and I hope it will turn around fast, cause I'm getting tired already!
01-26-2014, 10:50 PMelgaza26
so you see now why this point is so critical, it want's to know whether it should keep on grinding up or, continue with the water fall down most likely to retest the 82 area or better yet 81.5
01-26-2014, 11:31 PMsamsammy
Quote:
Originally Posted by Traderbeauty  View Post
look what happened at the double arrow around 21:41 eastern time- WE HAD A DIVERGENCE- market went up 1 tick and then we got a short signal- if you had taken thats a 2 pointer to the moving average.
now- if you notice- i did not use any fib measuring at all, just legs action.
Hi jane, looks like there was a 1 tick divergence 2 arrows b4 the one you talked about as well as 3 tick divergences at the 1st and 3rd arrows b4, so it seems like more of a risky prospect to pick that one you did… since you didn’t use fibs, did you see something else that would have made you choose that turn?

also, please keep posting... i enjoy you input!
01-26-2014, 11:43 PMelgaza26
ya so the 87 came in play now we are building that level a bit and seems like it will go to the 89 like we said, but ???
today is a slow day for me, made some, gave some, but still ahead of the game with $187, you will not see me going with 20, even though those RSI, cause of what happened since, we were just grinding, and I said few times I don't feel very comfortable longing this market, especially after I saw that 2p fall, I can't expect things to have such a momentum up, so I'll wait it out and my patience will pay off eventually

OK the 84 area is coming to play again I'll see what it's telling me
01-26-2014, 11:46 PMelgaza26
this is getting very interesting the 60m bar has a long leg on top and it could turn around now on us
01-26-2014, 11:47 PMelgaza26
I'd love to see the 85 broken down again
01-26-2014, 11:52 PMelgaza26
I'd love to short 84.25 again cause 84.5 is POC so will see what happens and may be this will be my break for tonight, lol
01-27-2014, 12:03 AMelgaza26
so you see how this area is building up waiting for the 89 next or a retracement down back to 84.5 POC
01-27-2014, 12:14 AMelgaza26
so we just touched 84.5 but need to break it to keep south, we may get some churn here
01-27-2014, 12:16 AMelgaza26
very predictable that the momentum should stop right on this tick
01-27-2014, 12:21 AMelgaza26
so if I was shorting 87 and got out at 85 some of you would have wonder how did I know that, so look at your ladder and tell me where is POC, right 84.50, and look what happens right now, buyers are coming right on this tick. and I'd be out at 85 giving myself 2tks, BUT I didn't short 87
I want to short 84.25 if it gets there for 2nd round, I lost 3tks before on this level, I'm hoping this time it will work and pay up for the other, but will have to see other things in the whole picture as well
01-27-2014, 12:25 AMelgaza26
it's magical wouldn't you say?
down to the tick, just love it
01-27-2014, 01:27 AMwizard101
80% of the time we hold structure within a Pitchfork, the median line "mid line" of the fork will be tested. In this situation we had a trendline break with re-test back to the upper median line, so in terms of risk/reward, very small stop would be placed just above prior structural high with tg been the median line and a bigger target for scale holds would be the lower downsloping line. http://charts.dacharts.net/2014-01-27/mw-es-3m.png
01-27-2014, 01:29 AMwizard101
http://charts.dacharts.net/2014-01-27/mw-es-3m-ch1.png
01-27-2014, 01:35 AMwizard101
http://charts.dacharts.net/2014-01-27/mw-es-3m-ch2.png
01-27-2014, 01:38 AMwizard101
http://charts.dacharts.net/2014-01-27/mw-es-3m-ch3.png
01-27-2014, 01:49 AMchonpz
where can I learn more about pitchforks and how to properly draw them? btw looks great
01-27-2014, 01:52 AMWanderer
I love Pitchforks. I studied for a while with Tim Morge at MarketGeometry. He is one of the few remaining former students of Allan Andrews, a.k.a. Andrews Pitchfork. In my opinion, every trader should have a knowledge of them. One can build a complete trading system around them, or use them for market structure, of confirmation.

Cheers, W.
01-27-2014, 02:00 AMwizard101
I totally agree Wanderer. I was also a former member of market geometry for quite some time with Tim Morge who has traded billions using the concepts from Dr Alan Andrews and Roger Babson. Dr Andrews incidentally was the money manager for the Kennedy empire and had amassed in excess of approx 400 million for them.... There is no doubt that it is an art form in terms of selecting the abc alternating pivots but it does get one involved with truly understanding market structure.....
01-27-2014, 02:09 AMWanderer
Quote:
Originally Posted by chonpz  View Post
where can I learn more about pitchforks and how to properly draw them? btw looks great
Tim Morge uses Ensign Charting. It handles drawing much better than Ninja. Ninja does a poor job. One tip I can give you is to set your Snap Mode of your Drawing Tools to Bar and Price. This will help to keep your Pitchfork drawings more accurate. If you can draw Pivots, you can draw Pitchforks.

Good luck, W.
01-27-2014, 02:11 AMwizard101
I totally agree Wanderer. I was also a former member of market geometry for quite some time with Tim Morge who has traded billions using the concepts from Dr Alan Andrews and Roger Babson. Dr Andrews incidentally was the money manager for the Kennedy empire and had amassed in excess of approx 400 million for them.... There is no doubt that it is an art form in terms of selecting the abc alternating pivots but it does get one involved with truly understanding market structure.....
01-27-2014, 02:12 AMWanderer
Ditto Wizard. Learning with Tim advanced my understanding of Market Structure. Because he was a Market Maker, he gives you the inside look on how they work and think.

Good trading, W.
01-27-2014, 02:24 AMWanderer
Yes, the art component is important. I recommend that one chooses their Pivots manually and not use an indicator. The process of choosing the correct Pivots involves an analysis and a subjectiveness (hence the art) that one should not skip by delegating the task to an indicator. To my mind no trading education is complete without a knowledge of Pitchforks. I highly recommend Tim Morge. He has hundreds of videos at his site and his fees are reasonable.

Ciao, W.
01-27-2014, 02:28 AMWanderer
@elgaza26

Apologies Elgaza. Not trying to hijack your thread. And thanks for sharing what you know. I have been helped by it.

Good trading, W.
01-27-2014, 04:54 AMelgaza26
just woke up, but sorry for not posting my last trade, I told you I was going to short the 84.25, so I did and I took 1.5 with 10 cars, so that MADE UP for all that grinding Sunday night
01-27-2014, 05:16 AMelgaza26
Now Wanderer & wizard101 THIS IS NOT MY THREAD this is OUR THREAD, just because I started it, doesn't makes it mine, and I begged all of you so many time to participate, and you are, this is what I wanted, GUYS I'M NOT RUNNING A LIVE ROOM HERE, never meant to DON'T WANT TO and don't really care about it, I care to MAKE MONEY, pay my bills, satisfy my wife, the rest is nonsense for me, I'm not a kid anymore, those things don't interest me, like respect and attention, if it wasn't for the newbies and all those who wants to learn, I wouldn't make such effort to give all this info
I'M NOT GAINING SO MUCH FROM THIS THREAD YOU KNOW, but maybe quite the opposite, this thread takes a lot of my time and instead of concentrating on my trades and do what I do on a daily basis, and make money I take my precious time and explain to all of you how I made the trade so someone can learn and get better at this job, I don't know why you'd think that I want this for myself, I'd much rather want someone else to write their trades and for me to learn from, this way I'd gain something from it as well!!!

B: with regards to the pitchfork and fibs and anything else out there, they only emulate Market Profile and can’t give you TRUE reading of the market as MP, if you are going to learn something, learn the real thing and not something that is not as accurate as the original, lines on the screen will come to play sometimes, but not all the time as fibs, moving averages and the rest
If you followed everything I did last night you’d see that I mentioned few critical points as we were going up, I mentioned way in advanced about 93.5 and we all saw what happened there, I mentioned about 85 and look how this point was critical, and before that I said:
POST #1159 (from 1783.5)
“this is a very critical point, from here we either go to 87 then 89 or all the way back down!!!”
I did not use pitchforks but pure old vanilla market profile, you can’t get such accuracy with pitchforks or fibs or ANYTHING ELSE OUT THERE so consistently and frequently as you’d with market profile, the only edge that pitchforks has over market profile is that it is easier to learn, TRUE I won’t argue with that, but do you really want to be second, don’t you want to be like me? Being able to read the market like that? I paid for that knowledge and now I’m being rewarded for it big time, I did not take shortcuts and sat on my a s s and learned and watched the market and realized market profile, I never heard ANY PROFESSIONAL TRADER in my life that claimed to say that there’s any other way to read the market better than market profile, so I know some of you are looking for some easy way and quick way to get better odds in the market, but if you want to be SUPER TRADER, this is the way to go!!!
And I’m not saying I’m a super trader, but with my knowledge I’m working on it and maybe one day I will be hopefully as we all wish to be

Offline Sojourner

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Re: elgaza method
« Reply #31 on: March 12, 2014, 12:26:02 PM »
elgaza26
As you can see from last night 85 87 and 90 came to play and played a critical points in the market now we are retracing right back
I was asked last night how did I know about these levels, and now you can see that I'm doing it over and over again and again giving you precise reading of the market and sometimes not all the times, down to the tick, this is the edge that market profile could give you
I made $937 last night, wouldn't you want to make that kind of money on a Sunday night??? and I did all that with market profile only approach only, I gave you the readings way before they came to play, and if you followed this thread you saw for yourself how those level came to play exactly as predicted, you can be rewarded just like that, if you don't look for a shortcut and learn this stuff for yourself
01-27-2014, 05:24 AMelgaza26
I love the 84.25 level and I'm glad it came back there cause I shorted it again, this time I don't think it will be a ticks worth
01-27-2014, 05:47 AMelgaza26
OK sorry I don't have my exit but I'm getting ready here, just woke up, and put my stop loss at 82.75, MP might tell you why this tick
stopped out, taking 1.5 points, I thought I'd have a bigger run, but that just might still come to play here, we are still in the 85 area THE critical point in the market that will determine the trend according to MP, you see how the market keeps on coming back to this area, but I don't think it will be for long
84.25 is still my favorite tick to short

OFA:

http://uploadingit.com/file/vndowy8t9dn1xbgm/OFA.jpg

MP:

http://uploadingit.com/file/mtld0u2aysbla2dz/MP.jpg

no exit pic, sorry, maybe next time
Exit was 82.75
01-27-2014, 06:20 AMelgaza26
see how sensitive 84.25 is, they know I'm waiting for them, LOL
01-27-2014, 06:35 AMelgaza26
so for those who follow us now, pay attention to 86-87 top node, and 84-85.25 bottom node they will dictate where the market wants to go from there
I'm gonna have to leave now, but I'll follow it with my phone, cause this is an area I don't want to miss if it continues to go down, if we do go down we are going to see the 60.75 come to play
01-27-2014, 06:37 AMelgaza26
ya, see what I mean, how the momentum is coming, 90.25 is yet to come now and probably retrace from there back to 88.75 about

and again nothing is carved on stone, but the probabilities are very high for those very ticks.
01-27-2014, 08:06 AMelgaza26
Quote:
Originally Posted by elgaza26  View Post
ya, see what I mean, how the momentum is coming, 90.25 is yet to come now and probably retrace from there back to 88.75 about

and again nothing is carved on stone, but the probabilities are very high for those very ticks.
and look what happened while I was away, this prediction was at 6:37am EST when we were at 87 3 points away and you see in this pic how the market reacted to those ticks, could pichfork do that, or the Fibs, all the time no matter how far the price is and with such rate of success?
I don't think so, and we don't have to be right down to the tick, that's not the point here, the point is to understand the market and how it's going to react at certain levels, anticipate and take advantage of it when it comes

http://uploadingit.com/file/v3wv7qzs...01_27_2014.jpg

so if you want an edge over the market and over other trader your up against, you might think again where you want to spend you time and effort on studying

Now me too I have a lot to work on myself, I'm also learning everyday here, and have much yet to learn, but at least I spend my time learning THE RIGHT STUFF, and not waisting it on things that will make my screen nice

I still have to work on my strategy and better it, cause I know it's not the best, but with what I've got, at least I have a chance to become really good at this stuff
If you want to do the same thing I do here, and I'm sure that at least a couple of you want to, read this thread, do what I did in my first days, I swallowed my pride, admitted I don't know anything, and adopted the professional approach to the market, the first step was to UNDERSTAND that I DON'T UNDERSTAND, the next was to accept the words of those who were better than me, the 3rd was not to try to be smarter than them
Don't we all have those thoughts, especially if you are parents already and have kids and right in the middle of your life, didn't ever say to yourself "If I could turn the wheel back, I'd listen to my elders, they were so right", but we don't do that, we tend to learn only by our own experience unfortunatley

Good Morning traders we hope for a nice good day today here
01-27-2014, 08:49 AMadmis
Good morning elgaza,
I don't want to interrupt you, but maybe you should explain this important level. If I can: 90.25 it is a significant "valley" in a composite profile (daily timeframe). Near that level we have as well yesterday VAL 91.50 and current (developing) VAH 90.75. VPOC=90.00. So this area is more than important and we can to expect here an accumulation. Jane could add to this as well 23.6% from prior session at 91.50.
Have a nice and profitable day!
01-27-2014, 08:56 AMelgaza26
OK we start the morning with a good start here guys and girls and here is my trade you can learn from

Entry:

We got a cluster at 89.5 to 90.5 with both 6 and 2 ticks chart short N@vi signals, I took a short at 89.25 for 1 point only and even that was tight
if you look at the 15m chart you'll see how 88.25 is the bottom leg of 2 bars there, so why did I allow myself to go that extra tick?
the Market Profile allowed it to me, and it went to 87.25 the last tick Market Profile is expected to go down to, I went with only 5 cars as it's very tight here, and I don't see strength nor weakness in the market, so that's a close to perfect trade but played it safe and collected $250 from those buggers

http://uploadingit.com/file/earhr4g8s4jf0swk/OFA.jpg

Exit:

manage to snap a pic right on the tick as it shows 1 point profit target

http://uploadingit.com/file/ces9uyw9o1ileug7/EXIT.jpg

Thats it, that's how it's done, over and over again and again, now look at the market retraced right back up, for me this trade is as good as perfect
01-27-2014, 09:26 AMIl Quotidiano Gratis
Quote:
Originally Posted by Traderbeauty  View Post
So lets continue- but it seems like i am wasting my time- i get no responses so this is going to be my last post.
The idea is- NO BRAINER- i dont want to use too much info- i want it simple KISS.
If you notice my previous post- i said that due to the divergence i expect the market to go higher- and i am holding my shorts-
I had to go but you can see that we had a higher high so i expected a continuation up which is exactly what happened- all you had to do was take every long according to the arrows-
i am using the ETC indicators- i like them very much because of the definite non repainting arrows, so just scalp each arrow for a point or a little more- keep in mind that the general direction is still down so no need to be greedy- now- where will the market continue down ? who knows- who cares - when the market wants to continue down it will tell us so why try to locate the exact location.
look what happened at the double arrow around 21:41 eastern time- WE HAD A DIVERGENCE- market went up 1 tick and then we got a short signal- if you had taken thats a 2 pointer to the moving average.
now- if you notice- i did not use any fib measuring at all, just legs action.
if you ask me- from here since we have a lower low i expect a lower high so the next short arrow should be taken but i am not trading at this hour- going to watch a movie- have a great night.
Its been nice posting here.
Traderbeauty-Jane
http://imagizer.imageshack.us/v2/800x600q90/19/w9ha.jpg
hi there :-D
i am curious , which sistem do you use other navitrader on your chart?
thanks
01-27-2014, 09:43 AMmorel
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
hi there :-D
i am curious , which sistem do you use other navitrader on your chart?
thanks
ETC see this thread http://indo-investasi.com/showthread.php/23834-Emini-Trading-Club-ETC
01-27-2014, 09:49 AMelgaza26
OK went in with 10 cars and you’ll see why

ENTRY:

87 was a perfect tick to go in, it was perfect in the MP and in the ladder as shown in next pic
we had a very big volume bar previously so everything lined up for me, and I had a great trade

http://uploadingit.com/file/6hl6mplbm0wbn2sd/Entry.jpg

LADDER:

With all those buyers, I’m just a small fish on their back

http://uploadingit.com/file/pewog45lul3s7xx6/LADDER.jpg

EXIT:

I had a feelings it’s going to go higher but better safe than sorry and I just took 2points with 10 contracts, so I’m ok with another $1000 for this trade, that’s what’s matter, more opportunities will come

http://uploadingit.com/file/pnzqq2tjfekxypgm/EXIT.jpg
01-27-2014, 10:05 AMelgaza26
MP shows clearly how 86-90 is chop area
01-27-2014, 10:13 AMelgaza26
This is not weakness in the market
01-27-2014, 10:18 AMelgaza26
OK I think I'm wrong now, cause 83.5 was and still is the point where the market decides to go all the way down or up, so this is the tick again like Sun
01-27-2014, 10:20 AMelgaza26
81.50 will confirm the down trend for me
01-27-2014, 10:22 AMelgaza26
ya tough area, look at the 60m 3 legs there on this level so heads up
01-27-2014, 10:25 AMelgaza26
78.25 retest,
01-27-2014, 10:31 AMelgaza26
83.5 is still THE critical tick to determine the point of bearish to bullish, so I shorted 83.25, this time with trailing cause we all know where is the limint

Entry:

http://uploadingit.com/file/amgedquxvmyua28m/Entry.jpg

Trailing:

http://uploadingit.com/file/13fukao8...o7/Trailed.jpg

Exit:

Not going to give them back a penny now, it was too good of a trade

http://uploadingit.com/file/vff7mlxd615y7quq/EXIT.jpg
01-27-2014, 10:37 AMelgaza26
While I was preparing the top pics, I did not give up on an opportunity like that so I bought the 78.25 with 5 cars cause we are in a down trend still
and shorted it again by 10 to reverse on that tick

Entry:

http://uploadingit.com/file/orkqjytvn9d6emgb/1.jpg

Exit:

http://uploadingit.com/file/ouz7ajmbanatxgrx/2.jpg
01-27-2014, 10:59 AMelgaza26
double waffle

so you see when I exited the last trade I was actually short again 5 cars and here is the final for this beauty run

http://uploadingit.com/file/mk1xgmikwnwomapf/3.jpg


Those double trades alone got me $812.5

and look at the perfect spot I got out right on the tick, I was lucky there cause the truth of the matter it was very fast and Market Profile allowed me up to 77.25 with safety, I was careless on this trade

what are we suppose to take from this guys and girls, ONE OF THE MOST IMPORTANT LESSON IN TRADING!!!
your indicators or lines or what every you chose to use, should be accessed FAST and precisely, again I'm not putting down any tool out there, all of them proved themselves one way or another to be working, some are better than the others, but when it comes to quick fast actions, ask yourself this simple question DO YOU REALLY HAVE THE TIME TO START DRAWING LINES ON YOU SCREEN and make such a quick decision, your account depends on this and you are going to suffer or benefit from it, choose wisely the tools you want to work with
I think that over the last 3 weeks or so, I have shown you SO MANY professional trades already, and you really should have a good idea where about you want to see yourself in this business, if you want to be like me and have the same results over and over again and again, YOU MUST do the same thing I do and you'll get the same results
and for those who do it for money only, you'll be rewarded
on Sunday night and today I had 13 trades out of them I lost 2 trades 5 cars 2tks and 10 cars 3tks , and 14 points with 11 trades I totaled $4749.5 and the day just started, if you want to do such a living on a daily basis you'd listen to me and take my advices here on this thread

good luck to us all
01-27-2014, 11:20 AMelgaza26
I don't know if you guys were watching the ES right now, but I placed a short for 5 cars from 79.50 my target was 77.25 but as we all witnessed the drop like a bucket of watter and took me out so fast I DIDN'T EVEN HAVE A CHANCE TO SNAP A PICTURE, it was that fast, never the less I pocketed 2points and a tick with 5 cars adding another $562.5

Entry

http://uploadingit.com/file/hqyj3gof2mo1x4fy/Entry.jpg
01-27-2014, 11:52 AMelgaza26
OK this is a déjà vu the exact same trade, shorted same tick and got out same tick , again making this a perfect trade again

Entry:

http://uploadingit.com/file/rsrsx320vkbihxhn/Entry.jpg

Stop Loss:

put a stop loss quickly to protect my capital and I saw the fight on those ticks

http://uploadingit.com/file/jagttmey...0/StopLoss.jpg

Exit:

This time I had time to snap a pic, as it wasn't so fast like the first time

http://uploadingit.com/file/icprvjcprly7dcdz/Exit.jpg

great another $562.5 to my account, and I writing the $$ amount for those who are driven by money and wants to do this for money, learn and do the sam
01-27-2014, 12:02 PMwizard101
http://charts.dacharts.net/2014-01-2...p500-daily.png
01-27-2014, 12:14 PMwizard101
http://charts.dacharts.net/2014-01-27/mw-es-5m.png
01-27-2014, 12:23 PMwizard101
http://charts.dacharts.net/2014-01-27/mw-es-60m-ch3.png
01-27-2014, 12:26 PMwizard101
poss test into a 78,6% warning line, 88.6 fibo and prior rejection tail > demand area.....good area down here imo for shorts to take off..... :))
01-27-2014, 12:44 PMelgaza26
wizard101 did you take trades today?
01-27-2014, 12:46 PMIl Quotidiano Gratis
Hi there :-)
Dose Anyone have manual PDF of NaviTrader?
Much thank
01-27-2014, 01:00 PMwizard101
Hi elgaza in globex overnight took 1 only 1789 area which also was a key sh area 1789/90 ish later today as mainly traded dax on london opening.....also involved with eurusd shorts on a bat patt at the 1.618 240m harmonic pattern

cheers
01-27-2014, 01:07 PMelgaza26
Great, glad to hear that someone is trading here, I kinda feel lonely, lol
01-27-2014, 01:09 PMelgaza26
Here is another trade:

Entry:

http://uploadingit.com/file/y4enobsqqnbbodj6/Entry.jpg

Exit:

aimed way lower but got stopped out with 4tks

http://uploadingit.com/file/0futc2by0vjhy1ig/Exit.jpg
01-27-2014, 01:10 PMelgaza26
can't expect much from an up trend really, so a point was more than enough for me and onto the next
01-27-2014, 01:11 PMwizard101
http://charts.dacharts.net/2014-01-2...urusd-240m.png
01-27-2014, 01:20 PMelgaza26
I don't know how you do it, got to take my hat off for you with this screen
I just can't this is beyond me
01-27-2014, 01:25 PMelgaza26
This is a very quick scalp for a point
didn't want to push it for lower cause of the buyers on that level under me and the trend so I'm good with another $250

Ladder:

http://uploadingit.com/file/ueo4aehb4avhitjo/Exit.jpg
01-27-2014, 01:30 PMwizard101
this pattern is a harmonic bat pattern with the extended d into a 1,618 of the xa leg...it is one of the highest prob harmonic patterns and due to a test also off a top channel and also had weekly adr and the 6/8ths murrey line but not necessary to confirm the harmonic pattern...I like to then zoom into a high prob reversal area using momentum and/or price volume to verify the "potential turn area" .....
01-27-2014, 01:32 PM10suited
took the same trade wd great stuff, made 39 Trades today only for some few ticks or 1-2 Points.. the only way to grow a small account +378 EUR so far
01-27-2014, 01:36 PMelgaza26
really I got to give it to you I don't understand ANY OF THIS, and it's not to say that it's not good, I feel kinda d u m b with all this

this is what it looks for me:


no offense just to show you how D U M B I feel

http://uploadingit.com/file/ywso4h69...reenpurple.jpg
01-27-2014, 01:38 PMwizard101
http://charts.dacharts.net/2014-01-27/mw-es-15m.png

Offline Sojourner

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Re: elgaza method
« Reply #32 on: March 12, 2014, 12:26:42 PM »
elgaza26
wizard101 please keep on posting your stuff, I should thank you that you are one of the few that posts here
01-27-2014, 01:42 PMwizard101
lol elgaza it's actually not that difficult, just looking for confluent fibo/murrey lines with potential harmonic x-a-b-c-d "5 point wave patterns" although confluent fibo with price action reversal areas are also high prob plays.

well done suited !

cheers :))
01-27-2014, 01:44 PMminch
........................
01-27-2014, 01:46 PMwizard101
yep good post too minch also look at the thread....
01-27-2014, 01:46 PMelgaza26
thank you minch, I sure will
probably after work
01-27-2014, 01:48 PMelgaza26
major major support on 82
01-27-2014, 01:50 PMwizard101
http://www.fxgroundworks.com/ for anyone wanting to just get an idea of the statistical nature of the patterthens, fxgroundworks have for years done quite extensive testing on the various patterns from 15min upwards I beleive....Also Scott Carney's work on harmonics is fascinating as is Tim Morge on Andrews Lines/Pitchforks.....

cheers :))
01-27-2014, 01:51 PMelgaza26
Thank you wizard101
01-27-2014, 01:55 PMwizard101
anyhow bedtime for me, take care elgaza, minch,all ......thanks for all the posts and also for all sharing......:))
01-27-2014, 01:59 PMelgaza26
same to you good night
01-27-2014, 02:04 PMelgaza26
I know I've shown you winners till now, but I just had a loser
5 cars 2tks tried to short it, but the market didn't think so
so they took from me what I earned, I got to get it back, not gonna make it easy for them, lol
01-27-2014, 02:16 PMelgaza26
This is incredible to penetrate the 82.25 just like that, you don't see this very often, they gonna push it up back to 88, now that's unbelievable
01-27-2014, 02:17 PMelgaza26
this is where I got to work on my strategy all the time and better it, cause i know it's no as good as it could be
01-27-2014, 03:56 PMelgaza26
YES, this trade made my day!!!
I waited patiently like a lioness for this trade and it came, and when it came I just jumped on it with my claws and would not let it go away from me

Entry:

RSI is %80, we are in a major pivot beautiful volume bar, what more do you need from a G-D gifted setup like this?
I wanted in big time, and the drool was on

http://uploadingit.com/file/7mxpjjokwuio57xl/Entry.jpg

Exit:

My exit was 1783.5 this is the most Market Profile allows me to take, I wish I could go even lower but going more that what Market Profile allows me would be greedy, and 3.5 points with 20 cars is $3500 so, I can take a break and have a rest a little bit now

http://uploadingit.com/file/xvi59ttunctnvb49/exit.jpg

the market went to 83 2tks under my target as for my usual 2tks spread and retraced right up back to 85, from there it kept on going down as we see it, but it was another PERFECT trade good entry excellent exit well rewarding.

now whats the different between me and you?
you all saw the triangle on 6tks, you all saw the major resistance so why is it that most of you didn't take the trade?
the answer is confidence, I have confidence with what I do, and the reason I have and most of you don't is because I DO THE SAME THING OVER AND OVER AGAIN AND AGAIN I stick to my strategy and just keep on doing the same thing again as you saw in the last 3 weeks
if you practice on a strategy and keep on practicing on it until you feel like it's 2nd nature to you, you too would have the confident to go in even with 20 cars, cause for me IT'S JUST ANOTHER TRADE, I don't care how much money I put in, cause I KNOW my rate of success and I know that if I lose, there will be more winners, this is the lesson you need to take with you from this trade, not just calculate how much money I just made

cheers and good luck to all, I really hope someone at least is making the best out of all these posts I put
01-27-2014, 04:04 PMrhv
Thanks elgaza for guiding us throughout the day. I'm following the thread and viewing some market profile videos to try to keep up with you. You deserve the rest. Great trading.
01-27-2014, 04:05 PMelgaza26
OK it's 4pm here, I usually go on but today I'll just take off here guys
hope you had a good day trading, we had another winning day, I know I have to work on my strategy as it's not the best but I'm working on it
you saw that in days like this I add more contracts and I make up for other days that I trade with 2,5 or so, this is what you should do, master your strategy and when you feel so comfortable with it just add more contracts, you'll be rewarded with the same risk/reward that you already trade with, I do that and you can see it for yourself in all the posts I posted here I try to apply what I say not just say it, and I got rewarded, made almost 10k today alone you can do the same believe me, it's worth the learning

OK take care and will talk later

elgaza
01-27-2014, 04:10 PMexp48967
Some trades in demo:

http://uploadingit.com/file/fuwefc9f...3%97900%20.png

I was little bit late on the second...not easy with 1 monitor.

Thanks elgaza!
01-27-2014, 04:28 PMthaomoua
I've been following the system and made a few buck for about $10k (5 contracts everytime) for the past few days. Lost couple trades for -$3k due to bad reading. Yes I know, 5 contracts each time is not realistic for a beginner with 2 years exp, but I used it as a psychological factor for 1) do I take the money and run or 2) stick to the target. For some short trades I let it run, but bad idea as I broke a few sweat today going short but instead market went long...at the last trading minutes the market plung and I cashed in a few bucks

I'm still not sure/comfortable at picking the right target so I need to work on this area. Just found out why most of my charts weren't showing MP. The template did not include them. No big issue.

Elgaza, does the MP on the various chart timeframe use default or custom settings?

Oh, before I get scold these trades are all DEMO.

Thanks for bunch to elgaza and the gang for providing all the rich information here.
01-28-2014, 01:37 AMexp48967
@elgaza: have you posted the new ladder template?

Can you post your computer config or reccomend me one?

Thanks
01-28-2014, 05:15 AMwizard101
http://charts.dacharts.net/2014-01-28/mw-es-15m.png
01-28-2014, 05:56 AMIl Quotidiano Gratis
Hi all one!!!
From 6E i arrived on ES, ES is esyer then 6E... So the study is working ^_^
I would like to ask if is there person can put allert on NaviTrand, When plot triangle?

Much thanks
01-28-2014, 09:12 AMelgaza26
Good morning traders, were up to a good start this morning, this trade was taken when I was at home but manage from my phone, cause I’m out at this time usually that’s why it’s coming late a bit
So I decided to short the 84, and if you look at you OFA, LADDER and your 15m, 60m you’ll see that it’s the bottom of a consolidation area 84-86, so when I saw that 15m CCI is under 0 (way under 0), red bars on the 60m, red bar on the 6tks IT WAS TIME TO FIRE UP, now these signal are more than enough to give you the go ahead, this is why I CAN’T add more indicators to my screen, it’s enough all this data I have to process, and I get a lot of opportunities with these SIMPLE indicators, it’s just that I know how to work with them, and been doing it for awhile therefore I trust it, and have the confidence to fire up when I get the chance.
Entry:

My entry was before I was hit, as soon as I saw the exhaustion signal

http://uploadingit.com/file/4xxsgphftmqdxdfr/ENTRY.jpg

Ladder:

When I saw 250 and 282 buyers that couldn’t keep it up, I knew this is an opportunity

http://uploadingit.com/file/1ligar4asxqttooe/Ladder.jpg

MP:

My target was 80, BUT I knew I was going to have a problem with 80.75, I was about to change my plan and raise my profit target higher but the overall picture gave me the confidence to stay, now some of you might call it greed, I call it habit, I am used to see the market moves, and I don’t think money wise, but points and strategic locations

http://uploadingit.com/file/gvktd4nfrlb79otd/MP.jpg

What you traders should take from this trade is, you see that my trades are calculated and predicted down to the tick, my way of processing the market is close, not quite but close to the way the institutions are thinking, I have a lot to better myself here but you get the idea, I know many times when and where price will go and where it’s going to stop, surly not all the time, but this is not a test nor are we in a competition with anyone out there, what we try to do is to have the probability to our side MOST of the time, and as of yet with all my experience and knowledge of so many indicators, I haven’t seen any way to have such accuracy in the market and WITH A GLANCE OF THE EYE as I get with Market Profile, if it’s worth it to you and you wish you had the kind of trades as I do and trade at a different level that what you do now, LEARN and PRACTICE, you’ll have an edge over MOST traders out there, and if you remember at quite the beginning of this thread, I mentioned that I SELDOM have a losing day, and of course it was hard to believe, I’ve shown you 3 weeks of trading that I had, I told you my losers as well, not trying to hide anything, but with this approach your loser will be SMALL and way FEWER than your winners!!! Guaranteed.
OK got to go now I hope I helped some of you with this info in your trading and maybe mentoring
Good Morning and Good Luck
elgaza
01-28-2014, 10:00 AM10suited
went Long 82 because of Volume Profile, much action between 77,50 and 82 thought if it breaks 82 it will go higher also big Vol in the 6tks made 3 Points :) how to insert pics ?


next Trade short -1 1786, +1 84,75 another +5 Ticks
01-28-2014, 10:17 AMthaomoua
elgaza26, is the setting on the GomMP on all the different timeframe use the default or custom settings? I'm asking this cause your template (that I downloaded) did not inlcude GomMP for most of the charts.

Thanks.
01-28-2014, 11:07 AM10suited
if this breaks 88 then its heading to 1800
01-28-2014, 11:29 AMelgaza26
Just got back and OMG this is crazy market

thaomoua why everyone has manage to get my screen and you didn't, every thing is there follow the instructions and you'll get the same screen
01-28-2014, 11:46 AMelgaza26
just mad a tick but not worth the pictures cause I wanted to trail it up, it still may go up from here, got in at 80.25 stopped out 80.50
01-28-2014, 11:56 AMthaomoua
Quote:
Originally Posted by elgaza26  View Post
Just got back and OMG this is crazy market

thaomoua why everyone has manage to get my screen and you didn't, every thing is there follow the instructions and you'll get the same screen
That's because I suck. Thanks for be patience.
01-28-2014, 11:59 AMelgaza26
LOL, good luck my friend
01-28-2014, 12:18 PMelgaza26
OK look at this one you may learn a thing or two from this trade

Entry:

http://uploadingit.com/file/yy90kt6c8lb0yu0j/Entry.jpg

15m:

http://uploadingit.com/file/jz7w6jcsedixaa8h/15m.jpg

Exit:

http://uploadingit.com/file/581uhmxwkxz25nuw/EXIT.jpg

and as I'm writing this right now I turn to realize that this trade as well turned out to be a PERFECT TRADE as you can see the logic behind, went a 3tks above me and retraced

guys lines can't give you that I've been saving my a s s here SO MANY TIMES already I don't think you guys can do it with your other indicators
Or maybe you could I don't know

Now I went with 10 cars cause of the setup and I felt very comfortable here, and THIS IS KEY, you need to feel comfortable to fire up
but that will come ONLY WITH PRACTICE!!!

good onto the next
01-28-2014, 12:29 PMelgaza26
83 is a critical tick to tell differentiate if the market wants to go up or not enough strength and down instead, so under 83, I'll be careful with my longs
01-28-2014, 12:38 PMelgaza26
this is a trade that most of you would be very reluctant to take thinking you missed the train, I took it but for 3tks only the reason is simple, Market Profile allowed me to take 3tks SAFELY in this area, as it was very tight, and you saw the fight over this tick so this trade even though it was only 3tks worth, is a darn good trade, cause it's a safe trade and took what was offered NOT what I wish for, even though I said that above 83, I'd look for longs only, never the less, the tick location is VERY IMPORTANT just as well

Entry & Exit

http://uploadingit.com/file/bhdupgbp0y3cg7gq/EXIT.jpg
01-28-2014, 01:12 PMelgaza26
83 as I said for me is still the tick that separates MY bullish to bearish market right now
so I took a long at 83 again as I saw the triangle everything lined up and really wanted to trail it

Entry:

http://uploadingit.com/file/pva9bfsjjv81umee/ENTRY.jpg

BUT, as soon as I saw THIS I put my target at 84 with those...... never mind pocketing $500 ONLY cause I thought I'd have a bigger run here
Sellers are coming it at 84, do you want to fight them???, not me I'll get out as soon as I can

Exit:

http://uploadingit.com/file/tgoxy9dodsntcubb/LADDER.jpg

And look what happened right after it got to 84.5 and retraced right down, they've protected their money and there was NOTHING I could do for this session but to get out
01-28-2014, 01:51 PMelgaza26
This is a pure vanilla Market Profile trade, very professional trade and this is why.

Entry:

EVERY CHART on the screen will not give you a signal to go short here, or even long, you'd have to wait for a move in order to know where the market wants to go
EXCEPT for Market Profile that told me that the odds to go down are bigger than the odds to go up at that tick and especially when those 213lot couldn't push it higher, I got in quickly with 5 cars cause, hey it's probability not a certified cheque
put my order to shot and waited on it

http://uploadingit.com/file/4lfbcqhv3iwap8rd/ENTRY.jpg

Exit:

I managed to snap a pic right when it was on my tick, lol and I made 5tks with 5 cars

But let me tell you something from a professional point of view here, I made today since early morning $4200 but this $312.5 made me feel MUCH MORE PROUD of myself then all those trades I made on this thread in the last 3 weeks I've been posting here already, this one was against all odds just relying on Market Profile to pay me and it did, I have to admit I had my doubts here but I stuck to my style and went for it, didn't let my doubts change my decision and made me $312.5 where those institutions lost their 213lot

http://uploadingit.com/file/x7hvnktuelu1jyrp/EXIT.jpg

Great trade even though it kept on going south from my expected tick, that's beyond me and I don't really care, I got out at the tick I knew I was safe, don't need more I'll wait for next setup as they come with these GREAT SCREEN I have in front of me, you just need to learn how to read them

OK, onto the next now
01-28-2014, 02:06 PMelgaza26
Do you guys realize how hard it is to break the 83 area, so shorting this area takes some skills, be careful and heads up
01-28-2014, 02:13 PMelgaza26
heads up volume bar on 6tks is huge something is about to explode
01-28-2014, 02:15 PMelgaza26
This is like pulling the arrow from the bow, expect some big move from 85 area
01-28-2014, 02:33 PMelgaza26
You know guys, I'm very reluctant to give such info before, cause I know some of you may take action upon my words, I can change my plan in a sec and if you cant do that or have a strategy I beg of you not to take trades based on what I say before it happens even though you see they come true, but sometime the market doesn't do what we want and you have to be ready for that as I am so be careful PLEASE

http://uploadingit.com/file/bgayprmrl20y1dli/6tks.jpg
01-28-2014, 02:33 PMelgaza26
and never take a trade you can't afford to lose!!!
01-28-2014, 02:34 PMelgaza26
See the ladder how they fight now on this area, seems like there are more sellers FOR NOW

Offline Sojourner

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Re: elgaza method
« Reply #33 on: March 12, 2014, 12:27:31 PM »
elgaza26
This is an area I'd be VERY careful with, if you're not skill enough, save yourself from a grinding up movements, look at the 2tks chart we get too many consolidation bars
01-28-2014, 02:39 PMelgaza26
86.5, we could get a small or bigger retrace here

and if we do we could see the 84.5 in play, but heads up anything could happen
01-28-2014, 02:43 PMelgaza26
Look at your ladder and see where the institutions started to short the market exactly at 86.50 WHY??? it's not a guess the market has a rhythm and you need to listen to this music
01-28-2014, 02:47 PMelgaza26
NOW as tempting as it was for me to short this tick, 86.50 I DIDN'T cause it's not a setup for me I don't see a setup for reversal, just a retracement so far and 85.25 is how far I'd expect it to go down, but it went as of yet to 85.5
cant take a chance on a point like this when this area is FULL OF MONEY
01-28-2014, 02:51 PMelgaza26
if you expand you OFA, and by the way I change my OFA a bit, my friend gave me this advice and I agree with him, instead of 6/4 bars I've changed it to 12/4 just like the old legacy OFA that gave you 2 charts, 6/4 and 12/4, the 12/4 is not as noisy and still gives you good trend pattern and the exhaustion signals don't come as frequent making each signal more sifnificant

so look at your OFA and see how the going up is slow and the down bars are almost a drop, and 88 is a pivot, so this is why I'm not longing this or shorting this area, I leave this area to the amateurs and the institutions to fight here
01-28-2014, 02:55 PMelgaza26
look at you ladder and you'll see what I mean it looks almost like the closing bell at 4pm EST, see all the institutions are coming to play here
Do you want to get involved with them? I don't the question is who's gonna win this battle
but I'll be waiting for them to fight for their prey and wait for like a voulcher for the bones
01-28-2014, 03:04 PMelgaza26
For all those traders who loves moving averages, lines on the screen, Fibonacci lines and what ever other indicators you might have on your screen, none of them can save your b u t t from this, and I don't care how good of a system you have on your screen, you'd be chewed up like gum with no sugar and spit out in no time

Ladder:

http://uploadingit.com/file/53ppf5mo1zxn3pau/Ladder.jpg
01-28-2014, 03:06 PMrhv
Thanks for guiding us through this. i was looking at the ladder and did see all the volume come in as you were mentioning it. thanks elgaza.
01-28-2014, 03:07 PMrhv
i agree fibonacci wouldn't have told me this and i would rely on it a lot. Been watching videos of james dalton, balancetrader, and l2st. are there any others you would recommend?
01-28-2014, 03:10 PMelgaza26
but hey if it works for you, don't listen to me keep at it and do well, I just wish you good luck with it
01-28-2014, 03:20 PMelgaza26
rhv I don't know how much you've been following this thread, but I mentioned before and will say it again moving averages and ANY other line system may it be the Fibonacci as well are static numbers that relate to a previous trend, there are 4 or 5 levels in a Fibonacci that may give you the heads up, but those level will be broken every time and some of them will react EXACTLY to that level, but then again so will ANY moving average and line system out there, the question is how many times and at what percentage would you get a reaction on EVERY LEVEL?, if you want or anyone to rely on such a thing, you could and you could make it as some traders work with it and MAKE MONEY but the accuracy and consistency for winners are way lower than the ladder could give you or Market Profile would, that's it, I'm not putting any indicator down, cause they all reflect a market state for a given time so I have a lot of respect but COMPARED to MP or the LADDER I don't think they have a chance MP and the LADDER are REAL pivots not a calculated mathematical equation and they may appear on any level so, you know I'm just giving my opinion here and I doubt it that ANYONE professional that is will disagree with me here, and I'd love to see the one who could PROVE ME wrong with facts not just words that I'm wrong, cause if I were wrong I'D USE IT MYSELF

now I've learned this stuff mostly from a teacher of mine who taught me all that stuff he was an expert and unfortunately passed away, never the less he was not an inventor all the stuff he taught me could be found on the Internet there are many resources that could give you the kind of reading I do here just can't pin point on a specific one, sorry
01-28-2014, 03:25 PMelgaza26
you see anyone going in this area could be in danger this is the banks home, and you can't just walk in and take their "belongings" and just walk out without them running after you, it's like going in a read light with a police car standing right next to you, you'd need a Ferrari to run away from them, LOL
01-28-2014, 03:28 PMelgaza26
Here is a tip YOU SHOULD ALL KNOW ABOUT when you have VAH or VAL right next to POC be careful it will most likely go to the opposite side, this is so typical
01-28-2014, 03:39 PMelgaza26
yup I'm just sitting on hands can't fight this fight, I'll wait patiently and WON'T risk my hard earn capital for a market like that, SETUPS WILL COME ALL DAY AND EVERYDAY, we don't trade just because we HAVE TO BE IN THE MARKET this is not a game this is a way to make a living, if you want to be in all the time, better go to the casino where you'll at least have a chance to enjoy what you do and play something, here you'd be a gambler , just look what's happening here, now I myself saw few opportunities to get in and scalp a point, yes and I could probably make it, but what are the odds and chances that I'm risking? simply not worth it, look at the ladder and you'll see sellers and buyers on almost every tick, how could I make a clear cut decision with such a chaos
you get 1400 lot on the sellers and the price still goes up, how could anyone make a SMART decision without guessing here?
now drawing a Fib or going with moving average from the last drop on the 6tks could give you excellent pivots for potential levels, but under the hood you can all see that getting to those level was a miracle not a well calculated move!!!!!!
01-28-2014, 03:44 PMelgaza26
Is there anyone out there who reads my post that disagree with me, it's OK we're not in a competition and it's only my opinion you don't have to agree with me but I'd like to hear something from those who uses the peach fork or fib or moving averages and all those other indicators I see people are trying on this forum, and again I say those words with ABSOLUTELY NO INTENTION TO INSULT ANYONE or hurt anyones feelings, but from a professional point of view looking at a tool that is offered for us by NT or other vendors for that matter

so cheers everyone and take it with a good intention :)
01-28-2014, 03:52 PMelgaza26
Being a professional trader means not only knowing where to take the trade but MOST IMPORTANT IS WHEN NOT TO TAKE TRADES AS WELL
01-28-2014, 03:55 PMrhv
the ladder is thick around here.
01-28-2014, 03:59 PMelgaza26
Look at your 15m chart, VERY CONFUSING, we have like 8 bars from today only that couldn't break this level up but most of the day we were on this area anyway, so this is very confusing and we suppose to see some big moves from here, no more griding I'd say
01-28-2014, 04:05 PMelgaza26
WOW LOOK AT THE LADDER war world 3
01-28-2014, 04:06 PMwizard101
http://charts.dacharts.net/2014-01-2...s-240m-ch1.png
01-28-2014, 04:08 PMwizard101
http://charts.dacharts.net/2014-01-28/mw-es-60m-ch1.png
01-28-2014, 04:08 PMelgaza26
NO SIGNAL IN THE WORLD could make me feel comfortable trading in these areas couldn't careless for the N@vi, divergence pivot or what have you to convince me to take a trade here
01-28-2014, 04:10 PMelgaza26
wizard101 why are your pictures don't have the price levels on the right side, it's hard to tell where each bar is and what's going on

thanks for the posts anyhow, I feel lonely here
01-28-2014, 04:14 PMrhv
don't feel lonely elgaza. i'm following the thread. wish i could give more input. just a newbie. put i can see that the ladder has had a lot of activity right now.
01-28-2014, 04:16 PMwizard101
key imho is to hold the bigger muurey cycle from extreme oversold levels which we've held thus far also as per prev posted chart....We are also holding bottom consiolidation support level with higher low and no doubt at visual resistance at levels prev tested up here. Momentum has also been waning towards the upside so upside bias until supp levels broken below and current cycle voided will alter my bias for "potential continued upside" from here with posted "potential tgs".....again key word and focus "potential".....

cheers and good trading to all !
01-28-2014, 04:19 PMwizard101
sorry elgaza should be able to see price scale on right side, I have had to previously zoom in more to the right side as have had probs showing scale...Should be able to see the numbers though now on the scale.....

cheers
01-28-2014, 04:23 PMwestvleteren
Elgaza,

I think you are record holder at II as you became a Platinum member in the same month you joined........
And.....you are a very special person here at II for all your work and sharing. I highly appreciate that and you convinced me (almost....smile....you did convince me....) that the NaviTrader can be used in conjunction with MP. I am/was (?) a firm MP only believer.
Thnaks for all the good work.
My brother lives in Toronto, so next I come over to Toronto, I owe you one!
01-28-2014, 04:23 PMelgaza26
hey rhv, naa I didn't mean it like that, it's fine, my main point here is to help you guys, not to run a live room, so it's ok bro
01-28-2014, 04:24 PMwizard101
also inverted h&S patt on 60min with poss break of t/l towards projected 1812-1814 ish area, also prior breakdown if again current patt and lows hold...thanks !
01-28-2014, 04:33 PMelgaza26
wizard101 ignore my previous question about the price level I had it zoomed in, daa
01-28-2014, 04:37 PMelgaza26
westvleteren I didn't even realized I was a Platinum Member and frankly couldn't careless for it really, if our viewers are taking something from all of my posts and can better themselves in their trading than that I'd take for pride, not just a record of how many posts I've had here
01-28-2014, 04:45 PMwizard101
http://charts.dacharts.net/2014-01-28/mw-es-60m-ch3.png
01-28-2014, 04:46 PMwizard101
grrr bloody price scale...lol
01-28-2014, 04:47 PMwizard101
http://charts.dacharts.net/2014-01-28/mw-es-60m-ch4.png
01-28-2014, 04:48 PMelgaza26
does any one know of an indicator that could give me Market Profile for the entire screen not just for the bars like the LT does

Somthing like the Gom one we are using but one that does not need recording
01-28-2014, 04:51 PMwizard101
energy pt area here " that been 2 or more lines signifying same inflection point" if we can get a break through this area "iff" then usually see some decent follow through ....it is also a resistance area no doubt but since we are holding current structure and higher lows the bias imho is still to the upside as we've held good support also with rejection tails at trendline and lower median line on an upsloping fork thus far......

just my 2cents worth.... have a nice day !
01-28-2014, 05:07 PMwizard101
http://charts.dacharts.net/2014-01-28/mw-es-60m-ch5.png
01-28-2014, 05:30 PMrhv
Quote:
Originally Posted by elgaza26  View Post
does any one know of an indicator that could give me Market Profile for the entire screen not just for the bars like the LT does

Somthing like the Gom one we are using but one that does not need recording
not sure if this is what you looking for http://indo-investasi.com/showthread.php/22316-(req)-Market-profile-OrderFlow-Delta-VWAP-from-Czechoslovakia?p=310127&viewfull=1#post310127

site for indicator: http://market-pr0fit-pack.c0m/
01-28-2014, 05:31 PMtke1
Quote:
Originally Posted by elgaza26  View Post
does any one know of an indicator that could give me Market Profile for the entire screen not just for the bars like the LT does

Somthing like the Gom one we are using but one that does not need recording

Maybe look at these... no recording for them....

http://www.ranchodinero.com/acme-studies/acme-volume-profile/

http://backtothefuturetrading.com/flux-store/logik-hd-volume-scanner/
01-28-2014, 06:03 PMelgaza26
rhv thats the LT won't give you more than daily MP
tk1 Acme is something like I'm looking for, I think I have it but not sure if I have the one that gives the whole MP as shown on their site, I'll check it out

Thank you both

Offline Sojourner

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Re: elgaza method
« Reply #34 on: March 12, 2014, 12:28:08 PM »
wizard101
http://charts.dacharts.net/2014-01-28/mw-es-5m-ch1
01-28-2014, 06:11 PMwizard101
http://charts.dacharts.net/2014-01-28/mw-es-5m-ch2.png
01-28-2014, 06:15 PMwizard101
http://charts.dacharts.net/2014-01-2...m-tg%20met.png
01-28-2014, 06:29 PMelgaza26
darn, missed the short from 801, I was ready to short the 802, but didn't quite get there as I WISHED
01-28-2014, 06:52 PMnile
Quote:
Originally Posted by elgaza26  View Post
Somthing like the Gom one we are using but one that does not need recording
from what i understood you can use GomMP and AltoGomMP without recording data. just change the data source under the "6.Data" to TickData. i think it changes the result it some way since ninjatrader does not provide the historical data in quite the same way. can anyone confirm?
01-28-2014, 07:09 PMrhv
Quote:
Originally Posted by elgaza26  View Post
darn, missed the short from 801, I was ready to short the 802, but didn't quite get there as I WISHED
elgaza what were you looking for on the 801/802 trade was is the reversal bar on the 2 tick. what told you that was the area?
01-28-2014, 07:14 PMIl Quotidiano Gratis
hi all one!!!

this time i think is not good to take any trade... but just to understand if this setup is right...

Elgaza what do you think about?
entry
http://my.jetscreenshot.com/19530/20...q6j2-126kb.jpg

ahahah while i am writeing the price go up very speed!!!! Great!!!

TARGHET FEEL!!!! 2.50 point at home!!! :-D this was my frist trade on ES... wow ...this is luck...

http://my.jetscreenshot.com/19530/20...-msag-27kb.jpg
01-28-2014, 07:17 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
does any one know of an indicator that could give me Market Profile for the entire screen not just for the bars like the LT does

Somthing like the Gom one we are using but one that does not need recording
i am using this one --> http://indo-investasi.com/showthread.php/22254-Volume-package-patched?p=306134&viewfull=1#post306134
01-28-2014, 07:27 PMelgaza26
Il Quotidiano Gratis you read my mind my friend, I'm in at the exact same tick long just like you
great entry keep it up
01-28-2014, 07:31 PMelgaza26
Il Quotidiano Gratis here is mine but be careful there my friend

Entry:

http://uploadingit.com/file/khi3hlnb1fxyp1js/2tks.jpg
01-28-2014, 07:33 PMelgaza26
I won't let it go under 96.5 or I'll just bail out there

Il Quotidiano Gratis do you know where to go out???
01-28-2014, 07:43 PMelgaza26
OK had to close at 97.75 for 2 points and the reason is VERY SIMPLE Il Quotidiano Gratis if you didn't notice it, look at the volume bar on the 2tks bar, compared to the other bars it's really big and significant, I can't take chances here so bailed out with 2 points I'd much rather $1000 to my pocket 3.75 points in potential, bars like that do scare me all the time cause I've been saying it all along, VOLUME PRECEDES PRICE and I didn't see any reason to hold on to it, got those consolidation bars as you see so odds are not to our side
01-28-2014, 08:15 PMestabania
Quote:
Originally Posted by elgaza26  View Post
rhv thats the LT won't give you more than daily MP
tk1 Acme is something like I'm looking for, I think I have it but not sure if I have the one that gives the whole MP as shown on their site, I'll check it out

Thank you both
Hi elgaza26,

''acme volume profile composite'' can do that .....

Load the indi in the chart , then in settings look for ''Date, Start'' and put the date that u want.....
01-28-2014, 11:28 PMminch
when applying navitrend in ofa 2/3 chart, i noticed the triangle appears after the third bar is generated, i.e. this indi is a repainted indi. so use it with cautious.
01-28-2014, 11:36 PMelgaza26
Hi minch, it may be but with the renko we don't have this issue as it paints it at end of bar
01-28-2014, 11:40 PMminch
Quote:
Originally Posted by elgaza26  View Post
Hi minch, it may be but with the renko we don't have this issue as it paints it at end of bar
renko bar might happen to be problem free, but it looks it's designed as repainted indi.
01-28-2014, 11:44 PMminch
...................
01-28-2014, 11:45 PMelgaza26
better grab that fast guys, wont last long, lol
01-28-2014, 11:47 PMelgaza26
thats incredible minch how you manage to convert them all THANK YOU FOR ALL your work
01-29-2014, 03:59 AMlaser1000it
Pls reupload post #1337. Sorry I live in Europe. :)
01-29-2014, 04:19 AMalazif
Hello.

Like laser1000it and i suppose a lot of us. We live in European time and we lost the great contributions of minch.

Could anybody reupload this?

Thank you very much in advance.
01-29-2014, 05:02 AMwizard101
http://charts.dacharts.net/2014-01-2...sd-15m-ch1.png
01-29-2014, 05:03 AMwizard101
held supp on eurusd from yest, met upside tg 1st cov area
01-29-2014, 05:04 AMwizard101
http://charts.dacharts.net/2014-01-2...sd-15m-ch2.png
01-29-2014, 05:05 AMwizard101
http://charts.dacharts.net/2014-01-2...sd-15m-ch3.png
01-29-2014, 05:22 AMwizard101
ES if we can hold current supp 1789/90 area, below there poss 1785-87 supp upside tgs 1798/1800 had 1800 as tg which was met from yesterday..... key will be to evidently hold prior structural lows and have thus far held good supp from current low all the way up to these levels.. If we can brk through 1795 poss upside tgs again back to 1800, 1807.25 for bulls poss imo....

cheers
01-29-2014, 05:45 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza  View Post
Hi Rajafx1, my ladder chart is set to filter only 200 lots, so I only see the institutions in play here, I don't want or need all the noise in the chart, I can't really work with all the numbers that show, so you see that on 35.5 and 35.75 more than 600 contracts were bought and a bar after 444 were bought at 35.5 and then the market still went down, so think if 1700 contracts couldn't push the market up and 1700 from institution would you bet on it to go up?
they are the one to move the market and they couldn't so what are the odd for it to go up?
and guys you need to realize those institutions DO NOT HAVE STOP LOSS, it's too much money to have a stop loss, they need to work their way out of that trade if theuy loose, and that's the reason why most institutions are scalping only for ticks, and I can prove it as well
when the price went down to 35.25 I decided to short , it was a trade with all the odds on my side, now remember it could go against me just as well, BUT THE ODDS were for the price to go down
as for the point of figure chart I set it as follow:
Base period type=tick
Box size=1
Reversal=6
direct IQFeed=2 (1 means it will read the data from IQ Feed only)
price close

also at the bottom set the plot execution=Do Not Plot
other wise it will make a mess with all the prints of your trading all over the place, I don't like it unless you like it it's your choice
There are "iceberg Order" so we watch some Order for exsample in ask like market order but their Ware sold as limit order. Bastard istitutional people!!!
I know there is jigsaw tools can find this special order.
01-29-2014, 06:27 AMelgaza26
Good morning traders just woke up and saw the fall, well it’s a crazy market but we just LOVE volatility
I was still in bed laptop next tom me ALWAYS and saw the opportunity to scalp a point, BUT only 1 point; this is ALL that Market Profile allows me at this moment. I didn't think it would be hard to make that point and it wasn't

Entry:

http://uploadingit.com/file/plnpxnli...01_29_2014.jpg

Saw the exhaustion on the OFA, checked MP for confirmation, had it and got in

Exit:

Volume bar is growing nicely there and made the right move
Simple signals quickly detected frequent setups, now that’s the way I like to trade
Nice to start the day with $250 while still in bed

http://uploadingit.com/file/zwrarh9vikg2qkve/2tks2.jpg

And you can see how MP saved my b u t t and wouldn't let me go higher, look how hard it is to go up from here, I don't want to wait that long
Anyhow got to get ready here and get out of bed

Good luck to you all
01-29-2014, 06:33 AMexp48967
Quote:
Originally Posted by elgaza26  View Post
better grab that fast guys, wont last long, lol
Can someone pleaze reup or quote minch posts before he delete?

Thanks
01-29-2014, 06:41 AMexp48967
Elgaza what are letters on the OFA chart?
01-29-2014, 06:58 AMelgaza26
OK this trade got me with my pants off, the alert just came in for the %20 RSI on the 2tks and I saw the opportunity, didn't quite even get dressed here, but I really got to go and this will be the last trade till later

Entry:

Got lower than %20 in RSI, volume is growing, got Navi Tirangle, got money, don’t have much time though, therefore got in.

http://uploadingit.com/file/ioulywjwk9dw6mzi/Entry.jpg

Exit:

Look at the ladder, see those levels I just marked, I don’t want to wait for that to break nor to take the chance on a 10 car trade I’d much rather walk away with a $1000 than wait it out and GAMBLE, that’s all that Market Profile allows me this time so I can’t fight it

http://uploadingit.com/file/a7enpoxraahr0lwt/Ladder.jpg


exp48967 I'd love to help you now but I really got to go out, take my kid to the station, but I hope someone here can answer that for me

thanks

BTW do you guys still want me to posts my trades, I mean they are pretty much the same all the time, does it help???

let me know your answers when I come back please
01-29-2014, 08:03 AMwestvleteren
Elgaza,
I like to see and follow your trades. Personally I am familiar with the MP related trades and currently try to learn more and get more experience with the NaviTrader way of trading. I do not use the NinjaTrader based OFA or MP packages so I can not help exp48967 with his OFA related question.
In SIM I find that one can trade the NaviTrader stand alone (so without MP info) with success on different markets. I am astonished by that as I also looked to other packages which were less efficient end effective as the NaviTrader.
So to answer your question: Yes, I would like to see your trades published.
01-29-2014, 08:27 AMelgaza26
This trade was quite dangerous as you ca all see what's happening on these levels, it's chewing time so I went for a point cause on MP it's all I could ask for and if it was only 3tks than I'd go with 3tks no more

http://uploadingit.com/file/uvoaxvfgn7bkywld/Ladder.jpg
01-29-2014, 08:30 AMelgaza26
Guys I really don't know if I should show you my counter trades as I DON'T RECOMMEND IT TO YOU it's way too dangerous and look what is happening in the market, all you need to do is take those with the trend, not like me, these trades I'm showing you are really for professional only, as they can recognize such setups and have the confident to take such trades, so I'm not sure I'm doing the right thing showing you such trades really
01-29-2014, 08:34 AMstocktrader78
For those who missed Minch's Post # 1337
   
01-29-2014, 08:48 AMelgaza26
WOW, I really have to watch myself from such mistakes like this, but it’s not the first and not the last, as I’ve shown you before how I made THE VERY SAME mistake

I shorted 1780 with 10 cars, this was A PERFECT entry, the best on Market Profile and placed an order to get out at 1777.50 again the best market profile would allow me and it was also 2tks higher from previous low of day before BUT look at the picture, it says Sell STP not Buy I quickly corrected it and it got me out on that tick exactly, sorry for not having the exit picture but you can all see how just kept on going down from there and I did get out with my target collecting 2.5 points adding another $1250 to my account, BUT guys be careful I don’t know if this ever happens to you it does to me cause I’m so concentrated in the trade, I lose focus sometime on those things

http://uploadingit.com/file/sdg6dmwx...01_29_2014.jpg
01-29-2014, 08:51 AMelgaza26
remember 65.50 from couple days ago?
I think we are about to see it coming
01-29-2014, 08:51 AMwizard101
http://charts.dacharts.net/2014-01-2...00-15m-ch1.png
01-29-2014, 08:54 AMwizard101
poss test towards 1779,50 ish if we can hold 1771-1772 supp test down here imo
01-29-2014, 08:54 AMelgaza26
6tks volume bar is HUGE heads up

Offline Sojourner

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Re: elgaza method
« Reply #35 on: March 12, 2014, 12:29:07 PM »
elgaza26
and surely a N@vi signal comes, but I'd be very cautious to take any longs here
01-29-2014, 08:57 AMwizard101
furth upside beyond 1779,50 would be 1783,50/1784 which we got selloff from prior area of supp which became resistance !!
01-29-2014, 08:57 AMelgaza26
look at the ladder if those 900 lots wouldn't be able to keep it up, we about to see Niagara Falls again
01-29-2014, 08:59 AMelgaza26
15m & 60m look very bearish and weak I don't know how far this ride will go up to
01-29-2014, 08:59 AMwizard101
in terms of risk/reward we had some confluent supp down here also into prior demand area with diverg off the last low signifying it as a high prob bounce "turn area"
01-29-2014, 09:00 AMelgaza26
270 lots are trying to protect the level, but I doubt it they will
01-29-2014, 09:01 AMelgaza26
he he, they couldn't keep it up, they need to take Viagra
01-29-2014, 09:04 AMelgaza26
I really hope to take this ride down now
01-29-2014, 09:05 AMelgaza26
they can't keep it up and hence Niagara Falls yaaaaa
I think it will go down close to 68 now
01-29-2014, 09:16 AMwizard101
http://charts.dacharts.net/2014-01-2...00-15m-ch2.png
01-29-2014, 09:21 AMwizard101
http://charts.dacharts.net/2014-01-29/mw-es-5m-ch1.png
01-29-2014, 09:25 AMwizard101
still poss run towards 1779/80 ish on supp test down here, key to hold prior structural low on that whole run up before the decline from this area down here....this scenario would evidently be voided if they close below the low...imo
01-29-2014, 09:29 AMelgaza26
OK this time I went WITH THE TREND and it was very rewarding as you can see

Entry & Exit:

put my order to sell at 74.75 my target was 68 but it didn't quite get there yet, it just may soon though

and just kept on lowering my trail till I got out at 71.25 pocketing 3.5 points

http://uploadingit.com/file/xmhkh5oyu11eh65p/Exit.jpg

OK guys listen I deserve a break here, made my mornings trades totaled $3750 and now I'm going to have my breakfast

really you can all do the same thing as I do, when you get the hang of it, it becomes boring and something that's just repeat itself
it's like having money falling off and you just have to catch it, BUT to get to that was not easy, I had to learn a lot and mostly PRACTICE A LOT, now I deserve my reward for all that work I did

OK take care now will see you bit later
01-29-2014, 09:33 AMelgaza26
But heads up 6tks CCI is going above 0, 15m RSI is 24.4 and we have a divergence we are at the low of previous couple days
it's hard to pull myself away for breakfast at levels like that
01-29-2014, 09:39 AMwizard101
http://charts.dacharts.net/2014-01-29/mw-es-5m-ch2.png
01-29-2014, 09:53 AMelgaza26
OK had to take that one just because it was SCREAMING AT ME, BUY ME BUY ME, and how could I or you resist these levels????

so I did go long and this time for the first time I just clicked Market Buy, this is where my confidence is different that most of you, I just know and used to this you are on your way there, well of course not all of you but some of you

http://uploadingit.com/file/b3ohsq7vdxmqaflf/2tks.jpg

OK guys I'm really going now made today since early morning $9250, if you want to make such money on a daily basis choose the right tools for this business and learn them like it's the most important thing in your life YOU WILL BE REWARDED

bye for now
01-29-2014, 09:59 AMelgaza26
BTW 76 exit target was not by a chance this is the safest place Market Profile allowed me to go to leaving myself 2tks safety, but I knew that if it breaks 76.75 it could go to 78.5 but it didn't and went to 77.75 but that's OK, we don't have to be prophet and predict down to the tick ALL THE TIME we just have to give ourselves enough room to get out safely THAT'S IT this is the game, a game of probability not being right, just being on the right side

take care all bye
01-29-2014, 10:14 AMwizard101
http://charts.dacharts.net/2014-01-2...m-tg%20met.png
01-29-2014, 10:38 AMelgaza26
OH well had to come and check it out, this is a life of a trader, you eat with it, sleep with it and go to the washroom with it, lol

So came back for another scalp, BUT I'M REALLY GOING NOW

2tks:

we are at that level againI really got in before the signal came from N@vi and as soon as I saw the OFA I was in with 5 cars this time cause we are retesting this area and there's no telling what's going to happen

http://uploadingit.com/file/6rrebyxs...01_29_2014.jpg

OFA:

So you see as soon as I saw this exhaustion signal in this area I allowed myself to go long, 5 cars but it adds up trust me.

http://uploadingit.com/file/p976mig5...01_29_2014.jpg

s c r a p e d another 2 points from those...... you know what

OK I'm gone now for real, I wish you all good luck here, will see you later
01-29-2014, 11:11 AMelgaza26
2tks are showing strength CCI above 0, RSI above 50, pressure is up nice volume bar

OFA nice BIT exhaustion signals are at bottom

15m CCI Turno above 0 slowly going up, CCI is about to cross 0 line (hopefully)

60m RSI divergence

Got in with 10 cars and I’ll put a stop loss for you to follow this trade
My exit is 81.50, the farthest safest place for me to go out
But I won’t be here so you follow this trade for me either I’ll be out with my target or a stop loss for 1 tick
Wish me luck it's a slow way up grinding it but I'll just play this trade with you guys for fun

http://uploadingit.com/file/mecbgromhdfay8jd/OFA.jpg
01-29-2014, 11:45 AMmorel
Hey elgaza.
thanks for your time and great effort to teach everyone here your strategy.We all appreciate it.
Can i ask how can you manage to plot the SIT BIT etc and keep staying on structure chart mode?
thanks in advance
01-29-2014, 12:15 PMelgaza26
morel this is for you and everyone else here

http://uploadingit.com/file/z8mib3vr.../OFA-SETUP.jpg
01-29-2014, 12:20 PMelgaza26
Ha ha ha well it was fun though, got myself a $125 instead of $1750 OH boy, but I really don't beat myself to it
Those things come ALL DAY AND EVERYDAY, I really couldn't stay or even manage this trade from the phone, so was just hoping for the best but didn't get lucky enough

Now you see how this area is getting full with prints on the ladder, why is it that the institutions chose this place to buy and sell, why is it that this area the 81 is a top this is something that is hard to get with other indicators, even the ladder won't give you that cause it didn't happen yet, lines on the screen could be given on any level but to predict that the end of a 5 points run will end at this area cause the banks are waiting for you there. this could ONLY be achieved with Market Profile (I think)

Have I been in my office I'd bail out LONG ago and save my capital but it's OK and we'll wait for the next
They always come and always will, but it was fun, although it is something I WILL NEVER TELL MY WIFE I DID he he

My question is did ANYONE take this 2nd chance on the retrace or were you too afraid? I basically spoon fed you a gorgeous setup with all the details you should have taken it as soon as you got a signal to go up again from the same spot I was in, anyhow the confidence comes with EXPERIENCE ONLY! AND EXPERIENCE COMES ONLY WITH PRACTICE remember those words!!!
01-29-2014, 12:25 PMelgaza26
If you look at the ladder you'll notice that there were much more sellers on these levels than buyers so the scope is changing to bearish
01-29-2014, 12:27 PMelgaza26
15m CCI Turbo has crossed the 0 line down so heads up for a down trend but be careful cause the general trend is still up but this is the beginning of a down trend we might be seeing right now also according to MP but anything could happen we are now at the 78.5 area
01-29-2014, 12:40 PMelgaza26
YUP like I said, they will come back again ALL THE TIME and it still goes down but I'm out already, I"M ONLY TAKING WHAT MARKET PROFILE ALLOWS ME NOT A TICK MORE

Entry:

placed my order before it got there thank to Market Profile

http://uploadingit.com/file/gt0vyv2lebwwsdwc/Entry.jpg

Exit:

did you see the fight over the tick I was on, I almost bailed out but the overall picture gave me the confidence to stay

grabbed 3 more points adding another $1500 to my pocket this is turning out to be a great day for me

http://uploadingit.com/file/sich51kqlfyekv0q/Exit.jpg
01-29-2014, 12:41 PM10suited
thanks so much for your your efforts elgaza im following your trades with great interest.. have a much better understanding in MP and slowly get more and more confidence in my trading you are a great trader im learning so much thanks !!
01-29-2014, 12:53 PMelgaza26
goodness, thank G-D someone is learning something from all this, I don't know how much of all this people are taking and learning cause I know what it is to be a beginner and having doubts, I know that a lot of traders say I COULD NEVER TRADE LIKE THAT, but it's not true EVERYONE COULD, I'm' a simple guy that DIDN'T TAKE SHORTCUT that's it, learned the stuff the professional traders learn and I do the same thing they do, that's it so I'm glad that your are learning from this, and as you see THIS IS ALL YOU NEED TO BECOME A PROFESSIONAL TRADER with almost no losing days, simple indicators, the trick is not signals but reading the market

GUYS this is a system that will provide you THE MOST OPPORTUNITIES IN THE MARKET not just when a price gets to a Fib line or a diagonal line, but EVERY LEVEL as you see me trading here you could be driving a Chevy van OR you could be driving a Ferrari with both cars you'll get to your destination but.... you know the rest

OK I'll post my next trade as they don't stop
01-29-2014, 01:08 PMelgaza26
OK we all saw the big fall, how many of you took advantage of it???

Entry:

Look at the 2tks chart, RSI under %20 Volume bar is growing consolidation bar is forming
It’s basically telling you “WELL ARE YOU GOING TO CLICK THAT DARN BUTTON OR NOT?”

I did

http://uploadingit.com/file/h7czsoixalmbqmji/2tks.jpg

OFA:

Just another confirmation on the OFA forming of a new bar I knew I couldn’t think too much here but act fast

I did

http://uploadingit.com/file/vtq3ieztszmanyxk/Entry.jpg

Exit:

Market Profile allowed me only 1.5 point and if you watched that tick it was STUCK in there for a while and almost got me thinking to bail out losing a tick but those b…d won’t take my money so easily and I got my target filled I had to analyze the situation fast

I did

http://uploadingit.com/file/keeeo44n8wxjozdq/Exit.jpg

Now look what happened it got to 76.5 2tks above my target as I usually give myself 2tks spread, 1 to be sold out and 1 for safety and it turned around rendering this trade a PERFECT TRADE again

So what you should take out from this is, as a professional trader you need to make quick and certain decisions, you need to work with tools that will allow you to do that with a glance of the eye, ANYTHING ELSE IS JUST SECONDARY TO THIS

YES you can make money in many ways in the market but really do you want to trade like them or like me be true with yourself and tell me you can get such quick decisions like that AND with such accuracy
01-29-2014, 01:10 PMthaomoua
Don't worry. You also have another student. (raising hand and now sitting down quietly) Still learning about the GOM and the point&figure chart.

Only problem I have is I log on about 30min-1hr later so most of the actions have passed.
01-29-2014, 01:14 PMelgaza26
thaomoua great to have you with us, welcome and I hope you'd benefit from this thread like many others did, I advise you to read this thread when you have some time slowly slowly, at least my posts with the trades, there are many other posts of other members here that could be of help if you are looking for other resources as well, I think you'll get the hang of it after watching so many trades I've done here

OK good stuff on to the next
01-29-2014, 01:14 PM10suited
still havent a fkin clue about many things.... but getting a good feeling about how you trade.. keep it up !! one day im as good as you then i will teach it as you do :)
01-29-2014, 01:17 PMelgaza26
amen to that
01-29-2014, 01:23 PMwizard101
http://charts.dacharts.net/2014-01-2...500-5m-ch4.png
01-29-2014, 01:25 PMwizard101
http://charts.dacharts.net/2014-01-29/mw-es-5m-ch3.png
01-29-2014, 01:27 PM10suited
you are reloading your Ladder every day ? so that you only see Bid-Ask for the current day mine is cumulated since the file in the GOMFOLDER is saving data.. think its better to see only the Sellers and Buyers for 1 day?
01-29-2014, 01:27 PMwizard101
http://charts.dacharts.net/2014-01-2...0-240m-ch1.png
01-29-2014, 01:29 PMelgaza26
My Ninja Trader is running 24h I don't shut it down unless I have to do something like add an indicator or what ever, cause my Gom is recording the data and NT is also recording the data, this way when I start NT I see the OFA full and the ladder as well
01-29-2014, 01:30 PMelgaza26
We are in a sandwich right now the market shows weakness but in MP we are in a point of rejection so heads up
01-29-2014, 01:31 PMelgaza26
we need a good signal to trade this area again

Offline Sojourner

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Re: elgaza method
« Reply #36 on: March 12, 2014, 12:29:47 PM »
elgaza26
Look 659 lots sellers and NOTHING wont budge
01-29-2014, 01:34 PM10suited
ok thought you only use the ladder for the current day.. have to look at the settings.... BIG Fight here at this Level
01-29-2014, 01:34 PMelgaza26
If you don't have a strategy STAY AWAY FROM THIS AREA, you see what happened, chewing look at the fight on the ladder
be careful don't get involved they are predators and we are just the vulchers
01-29-2014, 01:35 PMwizard101
diverg off the 73,50 area with prior low still intact, supp is supp until broken and are still holding the bigger 38,2% bigger structure which the big boys do look at.We are alsdo still holding oversold murrey levels at bott of channel and tail rejection at 1769-70 supp and prior low 1767 so back to buying levels down here...Would like to see a breach through 1781 and 1786,50 areas as poss resist on the way up....nothing written in stone just a perspective from current levels....

cheers and good trading to all !
01-29-2014, 01:35 PMelgaza26
This is the benefit the ladder will give you that even MP wont so each tool has it's edge over the other
01-29-2014, 01:36 PMelgaza26
wizard101 thank you and to you too
01-29-2014, 01:37 PMelgaza26
It will explode there's gonna be one winner UP or DOWN
01-29-2014, 01:37 PMwizard101
:) likewise elgaza
01-29-2014, 01:37 PMelgaza26
ha ha, look at that meat grinder
01-29-2014, 01:39 PMelgaza26
Just sit on hands and watch the movie nothing in the world will help you here only G-D
01-29-2014, 01:41 PMelgaza26
Now the reason we have this fight is like I said before, we are sitting RIGHT ON POINT OF REJECTION and they have to decide
where to take it from here, professional traders don't get involved in this they wait for the amateurs to give in their money and then they go in for the ride
01-29-2014, 01:41 PMelgaza26
BTW point of rejection is 74 for this session
01-29-2014, 01:44 PMfedya9568
will see they will break..
01-29-2014, 01:44 PMelgaza26
Remember we will always get a chance to trade, this is not one of them
this is worse than the move saw
01-29-2014, 01:46 PMelgaza26
72.25 is the border for bearish and bullish if I may refer it like that at least for this session
01-29-2014, 01:49 PMelgaza26
yup you see how it reacted to this tick but I don't think it's over yet, the fight is till on still too many losers here
01-29-2014, 01:51 PMelgaza26
and back to POR, we could see a retest to the down again VERY SOON
01-29-2014, 01:53 PMelgaza26
75 to 75.5 is their playground above that it's us coming to play
01-29-2014, 01:54 PM10suited
traded 3 tks long as i saw the vol was not that high and grows higher on the triange in the 2t.. and back again to POR
01-29-2014, 01:56 PMelgaza26
a ha, not so simple to break the 75 tick as we see
and an exhaustion signal in OFA of course
01-29-2014, 01:57 PMelgaza26
yup, got to be careful in this area, are you trading live or demo for now?
01-29-2014, 01:59 PM10suited
live.. but i dont traded this long above 75.. there is not much space and had no other indicators for confirmation
01-29-2014, 02:00 PM10suited
omg forgot its FED day of course haha
01-29-2014, 02:01 PMelgaza26
ha ha ha ha, you see what I mean, I'll tell you something you got balls of an aux to get into this market
what lines would save you from this chaos ha ha ha ha
look at that
01-29-2014, 02:02 PMelgaza26
Friday the 13 wasn't as scary than that ha ha ha h a, poor guys who go with indicators, this could do some serious damage to your account
01-29-2014, 02:04 PMelgaza26
OH GOSH they are playing ping pong, I'm crying from laughter right now for any poor b a s t a r d who thought he could out smart those predators
OK I need a tissue to wipe my tears here
01-29-2014, 02:05 PMelgaza26
OK GUYS you need to do this seriously, JUST OPEN YOUR 6tks CHART AND EXPAND IT TO THE WHOLE SCREEN
JUST LOOK AT IT
01-29-2014, 02:06 PMthaomoua
My entry went in and out in a blink of an eye.

The Fed must have said something...
01-29-2014, 02:11 PMelgaza26
OK this is for those who don't have the 6tks chart next to them

Feds or no Feds, we see it all here on the ladder, same goes to news as well same behavior so I don't listen to new
but I got to slap myself for not looking today at what's coming I usually do that every day, today I had some errands and kinda forgot it

http://uploadingit.com/file/tvxdrhpjunwnrb8l/CHAOS.jpg

STAY OUT
01-29-2014, 02:12 PMelgaza26
let the wrath go and don't be s t u p i d thinking you can make a penny in this chaos tomorrow is another day
01-29-2014, 02:15 PM10suited
yea its a casino coin toss game for now.. im not giving them back
what i ve earned today
01-29-2014, 02:18 PMelgaza26
I'll be waiting for to go long at 62 BIG TIME but until than I'll just save my capital those bas tard wont take away from me money I took from them
01-29-2014, 02:21 PMelgaza26
65 is an area I watched for reaction as well but didn't want to take my chances with it I feel MUCH MORE comfortable taking the more extreme level than this one ON A DAY LIKE THAT and you see that the momentum up is not as expected from such a significant level like this
01-29-2014, 02:22 PMelgaza26
60.75 is the weekly low on a previous parallel bar
01-29-2014, 02:23 PMelgaza26
so don't go blindly wait for your signal when we get there, I'm always afraid someone will make a move according to what I say
01-29-2014, 02:27 PMelgaza26
not worth it for me to take it long from there where the 60m and 15m are showing me total weakness
I could scalp it ya, but do I need such setups?
NO I DON'T I make enough to keep me out of trouble and safety is #1 priority, not looking for such days to trade really, I'll just wait patiently and when I see it coming I'll be there with my claws wide open and sharpened, until than you can go in if you want, lol
01-29-2014, 02:31 PM10suited
back to POC :) you were almost right with your 62 long
01-29-2014, 02:32 PM10suited
sorry PO Rejection
01-29-2014, 02:36 PM10suited
but there are so many opportunities every day.. you have to take some not all :)
01-29-2014, 02:39 PMelgaza26
Now this my friends is what separate the professional from the amateurs, amateurs will go with their signals, the professionals use their signals in their strategy, we don't take every signal we see on the screen, only those that fall in the category of our strategy and I don't have a strategy for day like this so I sit on hands

get it, we DON'T HAVE TO BE IN THE MARKET and be kamikazes unless you have some death wish, what we had until now was great and this is what I'm looking for I don't need ANYTHING MORE THAN THAT, so don't get all drooling and thing "Oh how much I could make if I only took this ride up, it's like 10 points and with so many contracts I could do that much" this is an amateur way of thinking not a professional
I made today alone $11875 do you think I need to go and get more in a risky days like that? na na na not me opportunities will come as I said, and look how fast things are moving are you prepared for this? I don't know about you guys but I'm surely am not
I'll wait for the "regular days" and continue from there
today I was really on a role as you can see all my trades I posted from this morning made 20.5 points to ask more is GREED and S T U P I D, which I'm not

OK guys I'm gonna do some things here as I don't see myself going in to this market, I mean look at the ladder again, I just can't compete that
go do something you were putting away all this time and let the storm pass by

take care now

elgaza

Offline Sojourner

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Re: elgaza method
« Reply #37 on: March 12, 2014, 12:30:29 PM »
10suited
thanks take care...
01-29-2014, 02:47 PMelgaza26
10suited I wasn't almost right on the 62 area, I was right on the tick BUT just because it didn't get there, doesn't make me wrong, I saw the signal to go long on the 65 and chose not to take it for reasons I explained in detail in previous posts, when I make such predictions, it's not to say that I will ONLY wait for those area to come to play to take a trade, but will look with 7 eyes for this area and if it shows other wise I'll be there to jump aboard

today is not a day I want to jump on a train that runs 100mph
01-29-2014, 02:50 PMwizard101
http://charts.dacharts.net/2014-01-29/mw-es-renko1.png
01-29-2014, 02:53 PMelgaza26
it's about time someone is posting a trade here

thank you wizard101 now we're talking
01-29-2014, 02:54 PM10suited
absolutly understand what youre saying thanks again.... and.. you have the mindset of a Pro.. thats it... the tools aaaaaaand the MINDSET... we dont need to trade in this invirontment and we dont care for the rest of the day.. so im off too cu tomorrow my friend
01-29-2014, 02:54 PMwizard101
nice wash & rinse(trap move) earlier off support but should've mentioned not wise to be trading into news..... better to wait for right setup after market has settled down...may let sh i took on part run down to test prior low, no brainer trade setup....
01-29-2014, 02:56 PMfedya9568
Quote:
Originally Posted by elgaza26  View Post
60.75 is the weekly low on a previous parallel bar
elgaza, as for your composite market profile.. how many days does it consist? do you use RTS only to plot it?
01-29-2014, 02:56 PMwizard101
usually done trading the dax and currencies in my time zone but sometimes am a nightowl and will scalp here and there lol.....girlfriend ain't gonna be happy if i am late this morning....lol
01-29-2014, 02:57 PMelgaza26
good for you wizard101, but you see what I mean that when the sharks are coming to play THERE'S NO TELLING what will happen no matter how good your screen looks, that's it, that's how this game goes
01-29-2014, 02:58 PMwizard101
http://charts.dacharts.net/2014-01-29/mw-es-renko2.png
01-29-2014, 02:59 PM10suited
Quote:
Originally Posted by wizard101  View Post
usually done trading the dax and currencies in my time zone but sometimes am a nightowl and will scalp here and there lol.....girlfriend ain't gonna be happy if i am late this morning....lol
no worry... she will when you make money now haha
01-29-2014, 02:59 PMelgaza26
fedya9568 sorry I almost missed your post
I use the same setup I provide in the template and I just open a daily chart with 365 days, the rest the template is all setup for that
01-29-2014, 03:01 PMelgaza26
Look at this market it has diarrhea
01-29-2014, 03:01 PMwizard101
yeah one thing for sure got to be patient and if things go wrong which they will from time to time, position sizing "risk management" is so key otherwise one will not survive but must also trust your levels/setups and be able to also pull the trigger when you deem your probabilities are in your favor....anyhow bedtime for 2 hrs can't stand up a hot brazilian....lol

take care all !
01-29-2014, 03:03 PMelgaza26
good night and cu again

great guy
01-29-2014, 03:09 PMfedya9568
Quote:
Originally Posted by elgaza26  View Post
fedya9568 sorry I almost missed your post
I use the same setup I provide in the template and I just open a daily chart with 365 days, the rest the template is all setup for that
Ok, thank you,
01-29-2014, 03:09 PMelgaza26
patience is a virtue and if it means I could scalp another $500 than I'll just sit on hands and wait for those extra $500 from the market
wouldn't you like to get paid $500 for just sitting and waiting?
01-29-2014, 03:38 PMelgaza26
I don't trust this market to go up so much as everything looks weak
01-29-2014, 03:39 PMelgaza26
Lower major pivots are 65.5, 64, 60.75
01-29-2014, 03:45 PMelgaza26
you may find opportunities to scalp the 2tks chart but really look at the 6tks chart and look at the churn we have here, this is not a market you want to be in, it's way too risky and we don't get a clear cut picture as to where is the next level the institutions want to take to

So heads up and better safe than sorry, it is 3:45 close to the closing bell and we see some mementum
01-29-2014, 04:46 PMelgaza26
Ya we saw what happened and I told you one post above "better safe than sorry" and it's worth it to be patient it pays up I took a short right before the close and I placed my profit target as well, I thought I'd get filled quickly but I didn't

Entry:

My short was at 1773 and my target was 1770 and then the market CLOSED

http://uploadingit.com/file/3cwysyyybx5pb27w/1.jpg

Exit:

I canceled my profit target and wanted to trail it down and I did
But got stopped out at the same tick making me another 3 points with 5 cars, adding extra $750 to my daily income IT WAS ALL WORTH IT TO WAIT

http://uploadingit.com/file/t2ihubqqmkoc1tuu/2.jpg

And now the market has stopped at 69.75 as I expected the market to go 2 tks beyond my profit target, although I had my doubts as to if there's enough pressure to push it down even more so, well not as quickly as I thought so I'm not taking my chances just taking my money!!!

Good I hope you enjoyed this day and I hope I was helpful to some in your learning the setups, mentality and other tips I try to throw at you as they come
I wish you ALL a successful trading and you might see more posts coming

take care

elgaza
01-29-2014, 05:19 PMrhv
Thanks again for your insight. Great trading. I hope to start contributing next week.
01-29-2014, 05:22 PMnewbie0101
Howdy elgaza-- and All!
Have not much time to take all the great information provided here(wish I did, but heck life is life and I gotta work)
--BUT
Just wanted to give a SHOUT out and say THANK YOU for what you are doing!
I saw your comment earlier about "do yall want me to keep.........."
Well I will answer for ME and all----YES!!!
Why because even though I am not able to be here for every post and bit of given Knowledge,, It still means something to (ME) anyway to be able to see/scroll back and LEARN--
be it good or bad info--It is still nice to see and provides a Basis for one to evaluate your methodology. (be it right for me/them or not).
Blah, blah,blah I appreciate very much as I am certain others do!
Thanks
01-29-2014, 06:39 PMelgaza26
newbie0101 you're very welcome
wishing you a short learning time and success
01-29-2014, 07:44 PMelgaza26
You know a trader never stops when he sees an opportunity, I'm no different

This one you see the RSI reached %80 and I was waiting for a chance to short first short I broke even as it came back right up, and I saw on the OFA the pressure of the buying so bailed out on same tick, lost commission but it's OK
2nd chance was much better shorted at 75 and trailed it down I trailed it down to 83 right under the big leg on MP and was stopped out

It was fast right after I moved it so didn't have an exit picture sorry

But took 2 points there

http://uploadingit.com/file/z26or8ovkjiifduk/1.jpg

you should know I don't just sit next to my computer and wait for a setup at times like that, I do other things but I got laptops and my tablet always with me at home so I always watch the market waiting for my chance to make

this is what I do for a living, just like a doctor on call, this work is NOT 9 to 5 job, for a real trader you take what is coming to you
01-29-2014, 09:11 PMelgaza26
OK market moves pretty fast as we see, I didn't have enough time to post the first trade and took already 2nd trade
I'll post both of them right now for you to learn from

1st Entry:

Very similar to the last trade same entry style, same exit

http://uploadingit.com/file/jeol79lxg8vlioa7/Entry1.jpg

Exit:

Took 7tks as much as MP would allow me like last time, didn't want to take risks here

http://uploadingit.com/file/pylhwpey0ymmxbul/Exit1.jpg


2nd Trade:

so we saw the great fall and I was just waiting for opportunity to go long
RSI went to %13, got few consolidation bars, got money, and went long with 10 cars this time

http://uploadingit.com/file/pdy5coqetiggqrh8/Entry2.jpg

Exit:

Pay attention what happened here, I MADE A MISTAKE AGAIN BUT corrected it very fast I placed a sell order for 1 contract and changed it very fast to 10 and it got me out with 1 point profit
it went further up but I didn't care cause the market is trending down and I'm saving my capital here

http://uploadingit.com/file/h3bk9lbzjqpqafx5/Exit2.jpg

OK so you two for one on this post

good luck traders
01-29-2014, 09:16 PMrhv
Elgaza are you only filtering the "Blue" volume bars on the volume indicator that is above the CCI? Cause i don't see any of the other volume colors printing.
01-29-2014, 09:19 PMelgaza26
rhv I am aware to that, it's a glich the indicator has, if you click F5 on that screen and refresh it, you'll see all the colors
01-29-2014, 09:37 PMIl Quotidiano Gratis
Hi all one
Elgaza many time have wroten that he is looking for other indicators anticipe revers like his. But much guys post operation with other system, and don't help Elgaza whit another best indicator. At moment i try to study system's elgaza, so but this thread is going to be dirty with other system... I found very difficult to study Elgaza ... So can we open a new thread for other operation that used no Elgaza system? I think the market is Made from big with a lot of money, and they use any yours technical Analysis system for Made their order and use yours stop loss to Push market up or down
taking advantage of us little. There are no fibo, or MA, or Ema, trandline or any thing that we can use vs big. We can just follow this big, with footprint , time&sales, hidden order and watch big order or for exsample scalping on reverse for few point. I know the professional trading is not easy... But what do you want? Do you Wanna a real business, job from your home or to be a victim of the big? If you don't understand ... we are the sheep shearers daily from this bigger.

Much thanks
Ps much sorry for my bad English.
01-29-2014, 09:38 PMrhv
I have them all the time on my chart no glitch on my end. Didn't know there was a glitch. I just thought you were filtering the blue ones. Thanks.
01-29-2014, 09:45 PMelgaza26
Il Quotidiano Gratis I totally understand your point of view
there is only one thing I'd like to warn you with, if you want to take counter trades, then you'd better have a very heavy account to waist
counter trading is the hardest to take and I did mention that those are the trades that I lose the most in, so better practice on a system you can understand, and easy enough to learn that goes with the trend, other wise you'll be giving your money to other traders, and you don't want to do that
01-29-2014, 09:54 PMIl Quotidiano Gratis
Elgaza on OFA VLC try to put false on volume cluster additional...you'll get a clean volume...

The OFA MOA is good to watch the momentum , When the big taked stop loss to Push the market and accelerate it.

Edit.
01-29-2014, 10:19 PMelgaza26
Il Quotidiano Gratis I really don't understand what VLC you are referring to
01-29-2014, 10:22 PMelgaza26
Any how in the mean time here is another one guys

So I put my order on 67.5 before it got there and just waited for it to get filled

Now pay attention on the profit target the order is BUY and this time it's not a mistake, 67.5 is a major pivot on the 15m chart, and I knew that if we break up to the 69.5 we may see a little run that I wanted to take

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

Long:

Going long with 10 more for the bigger run

http://uploadingit.com/file/xkuq1fwpnylrcmot/Long.jpg

Exit:

But I didn’t get lucky and got stopped out with a tick extra, making this trade worth 11tks with 10 cars in total, it’s OK I missed the run but still manage to make extra $1375, I’m good with that
And you know what, onto the next, they keep on coming, that’s the name of the game, we don’t need to be greedy

http://uploadingit.com/file/18fcw8kh...ty/Traling.jpg
01-29-2014, 10:30 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis I really don't understand what VLC you are referring to
OFA indicator Volume Cluster... Try to set "false" la voice "additional" , i am not stay the front of pc, i don't remember the exact name and set of OFA indicator.

Enjoy
01-29-2014, 10:43 PMelgaza26
I think you mean the VCA not VLC, VLC is a media player for the PC
never the less I'm good with what it sows me this way, just wish I could filter the price in the OFA but that's impossible
01-29-2014, 11:49 PMelgaza26
OK this is my last trade for tonight, I’m going to bed and very happy for a most successful day I had today made 32.75 points, this is not normal day even for me, it's all posted on the thread you can see and verify for yourself
you could have had a day like that as well maybe not as much and not at the beginning but learn excel in a strategy stick to it and you'll get rewarded

Entry + Exit:

I only made 1tk stopped out on this trade and the only reason I post this trade is to show you the setup I had, everything looked PERFECT
2tks RSI has reached the %80 twice we had a consolidation bar 15m chart major pivot

But never the less it retraced up getting me out with 1 tick profit

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

For those who are read these posts I hope you've learned a thing or two
I'm dying to go to bed but this level is screaming for me to short, I'll have to see what I'll do
01-29-2014, 11:51 PMelgaza26
I know some of you are thinking I must be crazy or a workaholic
Well I don't know how you'd be if you had so many opportunities to collect money and be able to fall asleep so easily
This is a life of a trader, always goes with you no matter where you go, it has it's down sides I guess
01-30-2014, 01:21 AMexp48967
What a great day \\m/

Some times i got wrong entries and loosed.
Can you quickly repost entries setup?

Thanks
01-30-2014, 05:17 AMelgaza26
exp48967 when I'm done posting my trades, I don't keep the pics on my computer as the only reason why I take them in the first place is for you guys out there to learn from, they don't do any good for me so what I posted is what I have, sorry, but most trades I make I do post entries as well

Offline Sojourner

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Re: elgaza method
« Reply #38 on: March 12, 2014, 12:31:08 PM »
elgaza26
This is a trade I took last night right before I went to sleep, but did not have the strength to watch it, so I let my friend manage my trade for me, that’s why there is not proper exit picture

But you can see my profit target there and where the bar is marked that I got out on a PERFECT tick and as usual I gave myself my 2tks of safety as much as Market Profile allows me to take this is another reason why you don’t see me trailing trades all the time because I know how much I can expect and if I see another chance to go in the market I’ll just go in again

Entry:

http://uploadingit.com/file/b4p5ddjgk3mitpsq/Entry.jpg

Wasn’t gonna wait on this one to be filled

http://uploadingit.com/file/prskgkmxcyascyb5/2.jpg

Exit:

Nice to wake up in the morning and realize you just made $1625 he he

This trade was filled up sometime after 4am EST, thank goodness I didn’t wait for this one to be filled

My friend woke me up once at night because of the spike we got, but if you followed it you saw that it was a spike of a split of a second and came back where it was, I just left it as it is and let it go to my target

Now I didn’t just put a stop loss because this area as we all saw had a lot of churn and I kinda imagined how it’s gonna take some times for this trade to develop, my friend was ready to bail out just in case

http://uploadingit.com/file/ibrvzlgmf0m3op6r/Exit.jpg

My target was filled and then look what happened, priced retraced right up and above my entry, this was a very long trade more than 4h but you can see how it was a PERFECT tick get out at and Market Profile allowed me to squeeze as much as possible from this trade.

Now the reason I shorted it only from 74.25 is, just take a look at my last trade, I was stopped out there and I just didn’t want to let this level go by me just like that, I knew I have a chance for few points here, so I just shorted it again

OK I hope you understand the trade and I hope you're making something out with all this information

Good luck to you all.

elgaza
01-30-2014, 06:50 AM10suited
morning elgaza,
how do you know you have to get out at 71,25 ? you said as much as MP allows you to do... i cant see any rel. Profile
01-30-2014, 06:52 AMexp48967
Quote:
Originally Posted by elgaza26  View Post
exp48967 when I'm done posting my trades, I don't keep the pics on my computer as the only reason why I take them in the first place is for you guys out there to learn from, they don't do any good for me so what I posted is what I have, sorry, but most trades I make I do post entries as well
I mean what indie/chart you look first, then the second etc.

Sometimes I can't understand.

Thanks
01-30-2014, 08:03 AMelgaza26
Good morning traders I hope we all have a great day today

10suited Market Profile is not a green arrow red arrow indicator, Market Profile is the GPS of the market it will tell you where is the next station the bus will stop at, but it won't tell you when, you're gonna have to learn Market Profile and most important WATCH IT to get the context and understanding of it's behavior but if you do that you will be rewarded like NO OTHER indicator can reward you and I show it here over and over again and again with so many perfect trades so to say that are measured from tick to tick the only thing I have to combine with Market Profile and this is something I'm not at best with is the trend, but once you have mastered both Market Profile and trend you will making trades with near %1 or %2 mistakes yesterday I had 14 trades with no losers but of course this is not a normal day I do lose as well ad I do say it here, I don't hide my trades and if I lose then I lose and onto the next, now imagine if I mastered the trend, well I can't imagine that
01-30-2014, 08:10 AMelgaza26
exp48967 as to your question "I mean what indie/chart you look first, then the second etc."

The higher the time frame, the more significant the signal is, the bigger the moves you'll get so for example getting %80 in the 60m chart is not the same like getting %80 in the 2tks chart, the affect is much stronger than smaller time frame, so I first look at the bigger picture this is the most important, then when I get the feelings I look for confluence on the smaller time frames like the 6tks chart when I get that I look for entry on the 2tks chart, this is how you should look at the market if you look at a picture from 2 inches away, you miss the whole picture, look at the whole picture first then look for the opportunity and a refine entry in the small one
01-30-2014, 08:15 AM10suited
ok thanks.. when u cover at 71,25 then there must be larger Volume near or below that Level.. but i cant see it in the chart.. instead there is a little blue Volume Bar at 71,50... woudnt it be a saver Exit to cover higher at 72 ?
01-30-2014, 08:17 AM10suited
on the left of your 2tks charts you see some fighting was at the 72 Level, so i dont understand why you cover below
01-30-2014, 08:21 AMelgaza26
10suited which trade are you talking about?
what post did you look at
01-30-2014, 08:24 AM10suited
Quote:
Originally Posted by elgaza26  View Post
10suited which trade are you talking about?
what post did you look at
#1481 your last Trade.. 2 tks chart
01-30-2014, 08:30 AMelgaza26
I see what you mean, well if you get out in every fighting you'll see than you won't be in the game at all, but this case is different
Look at the whole level there there are many consolidation bars going up and down, 4 bars before that we had 2 bars that tried to break the price upwards and failed and you see the weakness, so the ODDS for the market to go down are way bigger than going down, and if it was to go down than it was going to go AT LEAST to that tick I covered with and you see it did
01-30-2014, 08:32 AM10suited
you looked at the 6tks to cover above that 69 Level right were the Trend changes ?
01-30-2014, 08:36 AMelgaza26
NO my strategy to get out down to the tick does not rely on the chart but almost purely on Market Profile
01-30-2014, 08:41 AM10suited
sorry still dont understand.. what does the MP tells you exactly at this Level 71,25 ? which you defined as the PERFEKT Exit
01-30-2014, 08:48 AMelgaza26
10suited here is an example for you from right these minutes:

I just took a trade as you can see I shorted 75 and my target was at 72.5

Entry:

here you can see that the 6tks bar is golden and there is a fight over it and I shorted this bar when i saw the big volume bar there in spite of the fact that we are in an uptrend

http://uploadingit.com/file/hhooao9jtf9atfuf/6tks.jpg

Exit:

My profit target did not come to play and I had to bail out at 74 taking only 1 point for this trade, I tried to squeeze too much from an up trend on this trade where really I should of gone for 2 points and I would have gotten it if I did, which was the least I could squeeze out on this one

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

Now I know EXACTLY how it sounds, like there is actually a way to tell how far the market should go, well the answer is YES there is a way and you won't be right on all the time, but who cares to be right on all the time, as long as we are right most of the time is way more than enoug

I hope you understand
01-30-2014, 08:48 AMIl Quotidiano Gratis
At moment i am study this system on detail...
For cople daies i will not post any thing...

Elgaza i have question... Do you use any money manager?
01-30-2014, 09:29 AMelgaza26
I don't know if you guys have experienced connection problems with this site but I just got connected again

Il Quotidiano Gratis you'll notice that my trades are close to perfect almost all the time, money management are best for those that are not as sure as I'm as to where they are going to go out of the trade, I know exactly where I want to go out, and when it doesn't come to play I just put a stop loss or bail out, other than that I chose how many contracts to to in the market according to the setup, that's it
I know I have to work on some things with my trading like my trend and money management and stuff like that, and I'm working on it
01-30-2014, 09:30 AMelgaza26
This was a bit dangerous trade as I gave myself only 1tk spread considering the range and momentum we just experienced and it was right on my tick that it got stuck and paused, but I’ve allowed myself to go for the 1.5 point because we did not go too far off from the 78.50 pivot any way
I got filled by luck I think cause it just took me out without really going that 1 tick lower so I really got lucky here, it may just keep on going down but that’s not the point

http://uploadingit.com/file/ymfmjttwu5xvewkg/2tks.jpg

Exit:

http://uploadingit.com/file/aoksw949u4myvfhz/Exit.jpg

And now I went long with it cause of the buyers in the ladder pay attention
__________________________________________________ ______________

2nd trade:

Took long at 80.25
Got lots of momentum here got %80 RSI from 2tks +200 CCI from 15m and 60m charts this was a signal to fire up a long, my only mistake is for going with 5 cars only should be 10

http://uploadingit.com/file/fwzgsg5wl2w1j5vt/Exit.jpg

My exit was 83.25 and price went 3tks above me and retraced right down, again this is a PERFECT TRADE as more than that is not expected from this run even though it keeps on going up AFTER the retracement, this is not my style, I am very obedient to Market Profile and it serves me very well as you can see day in day out
01-30-2014, 09:31 AM10suited
wd thanks, 74 was POR so the probabilities are that it stops there
01-30-2014, 09:39 AMelgaza26
10suited you'd be right but in a very small Market Profile prints

look at the ladder and what's going on there, how they are fighting over this level

DON'T GO IN NOW no matter what signal or indicator you are using it's a gamble
01-30-2014, 09:55 AMelgaza26
if you saw what happened on the ladder you saw what kind of meat grinding we were in BUT
I shorted at 81.25 right under those 2100 lots that shorted the market so I took a ride on their back
having said that the market allowed me only 1 point and even that was tight and this is exactly what happened

Entry:

Look at your ladder at this tick and you'll see what I mean

http://uploadingit.com/file/hlx5l6oshsxeqdxa/Entry.jpg

Exit:

the market took me out and I snapped a pic when it was right on my tick just before I got out

so got me another point today

http://uploadingit.com/file/rl0mkhngdxiioudp/Exit.jpg
01-30-2014, 11:01 AMelgaza26
OK traders here is another so called PERFECT TRADE I just had right now

Entry:

Now from this picture I don't think there is ANYTHING that would cause you to trigger the button for a long, I took 3tks heat on this trade but didn't really care for it even if it was 4tks against me cause the location that it sits is a recipe for a long trade, this is a professional trade and I don't expect you to understand it fully, but it's OK maybe some of you will
took long at 82 and my target is 84.50 this is as much as I could extract from the market for this run, then will see how it's going to react and will take it from there

http://uploadingit.com/file/lvktzdx6xvnhr8al/Entry.jpg

Exit:

I gave myself the usual 2tks spread and I do have the feelings it could go higher, will have to wait and see for that to happen though I don't take action on maybe or what I think, at least I try not to

while I write this I see that the market retraced right back where I got in, and went up 2tks above my exit target THIS IS A PERFECT PROFESSIONAL TRADE I don't recommend to do this kind of trading if you don't really understand this, you can try with your demo until you feel comfortable

OK great trade I'm actually proud of myself here

good luck to us all trader

http://uploadingit.com/file/g9ptnbvmimxzm4ny/Exit.jpg
01-30-2014, 11:52 AM10suited
all charts are exploding higher.. no stopping look at this market
01-30-2014, 11:56 AMelgaza26
Yet another GREAT TRADE

So we all saw the momentum and how it pushed and broke the 85 level and as soon as we got to 86.5 I shorted it

Entry:

http://uploadingit.com/file/jtdvk3ogemnzgwby/1.jpg

Exit:

The market allowed me only 1 point here and I took that point, you saw how hard it was for the market to break the 85.5 but I gave my self the usual 2tks spread one to be sold and one for safety and look how the market reacted to these ticks it had hard time breaking it down, but it did 2 more ticks down, yup that's fine, as I said we are not trying to milk the market as much as possible but just to take what ever is safe to take and if it goes more that the target than fine, I'm good with that, better safe than sorry

http://uploadingit.com/file/qmmulmq4sudkyuvy/2.jpg


So for those who follow all my trades here what I want to ask you is one thing and I want you to think about it well
Today alone as of yet I made 8 trades all winners and totaling 14.25 points, never mind how much money that is really irrelevant but if you think your system that you are using could generate the rate of success that I have than PLEASE TEACH ME that system I'll pay you for your time, but if you don't think you can generate such trades than do yourself a favor and start learning this, IT'S NOT THAT HARD if it was I wouldn't be able to make decisions so fast as I do with a glance of the eye, YES there is what to learn of course and YES you need to practice a lot and YES you need the eyes to be fed hours of watching but than again ANY system out there will require that kind of investment the question is do you want your time spent on the kind of trading most people do or do you want to take your trading to the NEXT LEVEL and be like the institutions in the way they think ( well to a certain extent of course ) I think I showed you so many trades until now and come to think about it I don't remember how many loses I had in total, I know I had but really not too many and those I had were very small loses like few ticks here and there

any way traders I really wish you all good luck and successful trading
01-30-2014, 12:21 PMelgaza26
Ok this one was risky a bit but that's why you see my stop loss here as I DID GET STOPPED OUT making merely 3tks

we could still see my target tick met but again that's not my style, if I feel that I'm in danger in this area I will bail out and save my capital yet again better safe than sorry

Short:

http://uploadingit.com/file/zgzwrioqbiuyxqnq/Short.jpg

Stopped out:

http://uploadingit.com/file/oewluub7...qi/Covered.jpg

and it's fine they will keep on coming and you know what $187.5 is still considered money today wouldn't you say so

OK on to the next now

Are you guys taking any advantage of this maket
01-30-2014, 12:27 PMelgaza26
Are you guys watching this?
The market went down to my tick and chose to retrace from that tick
Luck? guess? random event?
maybe, but luck guess and random events don't happen one after another again and again all the time
so you see the setup was great the trade was great but the risk was great as well
01-30-2014, 12:48 PMelgaza26
And there you go you see why I got out with a stop loss, we're going North here

And for me this 3tks trade you see above is just as successful trade and perfect trade as any other one I made here before, did I get what I wanted, NO, did I lose no, but it was well calculated trade well executed and took as much as I could 3tks but you see the game goes on and on

I don't know how many of you when you get to a trade ask yourself the question "when do I get out from this trade", do you have that every time you get into a trade? I did, and could never decide and I'd let my greed tell me to wait just a bit more, one more tick, and then you give it all back and then some

OK I hope you're getting the idea here how important it is to work with the right tools not just signals to go in and out, how much MORE IMPORTANT IT IS TO HAVE A SOLID STRATEGY than a solid indicator could any Fib, PeachFork, MA, diagonal lines save me out of this trade? NO even the ladder didn't show much but Market Profile saved me once more as it did for so long now

OK enough with mentoring lets make money
01-30-2014, 01:59 PMthaomoua
Here's my trade. Almost perfect except target was a tiny bit high. Used trailing stop.

http://s10.postimg.org/nyrkh0ubd/es_trade.jpg

Price didn't hit target but retraced and made 3/4 points.
01-30-2014, 02:18 PM10suited
why did you go long so early at 89.25 ? looks like you have catched the falling knife here and got lucky. this wasnt a high probability trade was it?
01-30-2014, 02:22 PMthaomoua
I saw there was little volume 89.0 so I took the trade. Didn't expect it to bounce high. So "perfect" is a subjective term. Afterward market went down...

Still learning.
01-30-2014, 02:28 PM10suited
why do you think little volume implies a higher price? if you would have looked for signs up at the 88.25 level i could understand the trade
01-30-2014, 03:28 PMelgaza26
Hi guys so what did I miss had some family matters to take care of

SO AT LAST I see someone else posting their trades THIS IS JUST GREAT good for you, those who take my words and practice and do something about it WILL BECOME good traders, it's just a matter of time cause you've already begun the journey

good stuff now lets see what we can do here guys and TOGETHER don't leave me alone here
01-30-2014, 03:32 PMelgaza26
Do you guys realize that since this thread was open 3 weeks ago we had in average almost 2000 viewers a day, and so little of you actually participate, oh well
01-30-2014, 03:46 PMelgaza26
I guess you already know the drill by now
look at the ladder, it's crazy whats going on there
01-30-2014, 04:01 PMelgaza26
OK pay attention to this trade as it was SOOOO CLOSE to not getting me out but I did get out from it luckily

Entry:

http://uploadingit.com/file/yvw1zdro8z50bbje/Ladder.jpg

Exit:

http://uploadingit.com/file/dnycjvguh4l0gv51/Exit.jpg

So the point of this trade is not just another setup but the fact that I JUST walked in and sat down and was able to spot a setup with a glance of the eye, this is what you want from your screen and tools you're using
01-30-2014, 04:03 PMelgaza26
85.25 to 86 is not an area to trade heads up
01-30-2014, 04:20 PMelgaza26
so here is something you guys didn't see for a while now

I said one post above about 85.25 and 86 and I took a long on 86 when I saw it broken to the up side

I lost this trade and gave back 2tks

http://uploadingit.com/file/0l3raik9q2jhwrq7/Loss.jpg

BUT right after we passed the 85 down I got in short at 84.5

Entry:

http://uploadingit.com/file/s71gpqe167241or2/Entry.jpg

Exit:

got out with 2 points this time taking back my 2 lost ticks and then some, not gonna give up my hard earned money so easily with those ......

http://uploadingit.com/file/6itfbabmirfy3pgu/Exit.jpg

Good I'm glad I had a chance to do a couple trading right before the close

So to summarize today's trading which started from the trade I took last night but finalized this morning around 4am and you can see all my trades here for today, they are all posted

made 12 trades, 11 winners, 1 loser
total of 18 points
and never mind how much, that's really not important whats important is the system and they way I trade and how many setups comes along and the rate of success you get with it

Good day traders and have a great day
01-31-2014, 12:02 AMelgaza26
I had a lot of patience to wait until the 83 level was broken with signs of weakness, so I had to short it as the whole market looked weak to me

Entry:

http://uploadingit.com/file/punkcgwfk1pubjwm/Entry1.jpg

Exit:

http://uploadingit.com/file/nfttlwbeljycpnnz/Exit1.jpg

My patience has paid up and made $1500 for this night, I now can go to sleep with no sleeping pills

Good night my friends
01-31-2014, 12:15 AMelgaza26
I really want to go to sleep but we are on such a pivot on the 15m and the 60m charts I don't know if I can fall asleep like that I'm long now from 77 I don't know if I'll put a stop loss and go to bed or watch it a little while cause even if we go down a bit I won't be afraid it will go up from here the question is how much
01-31-2014, 12:20 AMrhv
Elgaza what weakness was present that convinced u to short? The yellow frame around the bar?
01-31-2014, 12:28 AMelgaza26
NOOO, expand your 15m chart and see how it looks, you'll get the picture

Offline Sojourner

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Re: elgaza method
« Reply #39 on: March 12, 2014, 12:32:28 PM »
elgaza26
Looks like we're about to get a red triangle on the 6tks chart
01-31-2014, 12:31 AMelgaza26
LOVE THE RSI DIVERGENCE we just got on the 15m chart, I'm long from 77 with 10 cars, it's hard to tell when to get out from this level
01-31-2014, 12:47 AMrhv
Quote:
Originally Posted by elgaza26  View Post
85.25 to 86 is not an area to trade heads up
This area that u mentioned earlier. I'm guessing u said that because the volume on the right of the chart was very low? I hope I got that right.
01-31-2014, 01:06 AMelgaza26
OK enough this is the last one got to go to sleep, just this level was way too hard to resist and it was just SCREAMING AT ME to buy long, I did with 10 cars, probably should have gone with 20 at such levels, any way tomorrow is another day and today was a good day for me gonna end it up with a total of 22.25 points almost 9K I can go to sleep now

So why did I go long here?

look at the 15m chart, if you can't recognize a PERFECT SETUP for a long here, STOP LOOKING FOR INDICATORS AND START LEARNING SIMPLE CHARTS you'll do yourself a favor as this is the basic of trading, and if you don't have that, guys like me will be waiting for your MONEY so please don't fool yourself. I may make it look so easy IT'S NOT

15m:

http://uploadingit.com/file/av3s8vpxoez9bffk/15m.jpg

Entry:

First sign of consolidation on this level and I'm in with 10 cars, don't even know how far this will take us

http://uploadingit.com/file/6rlq8yvpupvs5dkv/En1.jpg

Trailing:

But it's late at night here like 1am and I got to go to sleep so I just trailed it up and got stopped at 1779.25 pocketing 2.25 points
I know it's gonna go higher but I'm not going to run after this that's why I put my stop close
guys believe me when you do this kind of money on a daily basis you don't think of the potential gain you could have on such a run
as it's just another setup for me, although a gorgeous setup but still a setup

http://uploadingit.com/file/xd0rvsbsut2yhjot/Tr1.jpg

OK another $1125 so I'll tell you all good night now and see you tomorrow

look how far it got there, at this time I'm writing this, it got to 1781 3tks above me, and my stop loss was based on Market Profile of course, always is
so I feel better now anyway

Great have a good night
01-31-2014, 01:07 AMelgaza26
rhv, you have a future in this business my friend
01-31-2014, 04:41 AMIl Quotidiano Gratis
Quote:
Originally Posted by admis  View Post
As a proof of my gratitude for your exceptional contribution, I'm going to make (an alert extension into a selected by you indicator (CCI & RSI). I know you like a WCCI. What about an implementation of RSI, which one you prefer most?
Thanks for all. Please continue your good work here even if you have an impression nobody is looking at it...
Good morning!!!
Admis have you put sound on WCCI level 200/-200?
Much thank you for everything!!!
01-31-2014, 07:20 AMwestvleteren
For those interested: My current levels of the volume composite. Red lines = lowvolume nodes, market typically rejects. Green lines = highvolume nodes, market typically attracts.
http://uploadingit.com/file/view/b3mlolusxmgwmhnq/levels.PNG
01-31-2014, 08:03 AMtryitagainmf
Quote:
Originally Posted by westvleteren  View Post
For those interested: My current levels of the volume composite. Red lines = lowvolume nodes, market typically rejects. Green lines = highvolume nodes, market typically attracts.
http://uploadingit.com/file/view/b3mlolusxmgwmhnq/levels.PNG
Thanks for the screen-shot, mate!

Do you have these Volume Nodes for NinjaTrader?

Cheers!

Mick
01-31-2014, 08:10 AMthedriver
Quote:
Originally Posted by westvleteren  View Post
For those interested: My current levels of the volume composite. Red lines = lowvolume nodes, market typically rejects. Green lines = highvolume nodes, market typically attracts.
http://uploadingit.com/file/view/b3mlolusxmgwmhnq/levels.PNG

very nice your MD levels!!

regards
01-31-2014, 08:27 AMwestvleteren
Tryitagainmf,
I do not have these Volume Composites for Ninja. I do not use Ninja for MP or Volume Composites. Perhaps Ninja tools like OFA or ACME (Rancho Dineiro) have these capabilities. I am not sure, but perhaps GOMI from BigMikeTr@ding has similar capabilities. I do not use these tools for Ninja, so I am probably not the right person for this on Ninja.
01-31-2014, 08:29 AMwestvleteren
See how market reacts on the current 61.25 level? Nice those volume composites....
01-31-2014, 09:00 AMtryitagainmf
Quote:
Originally Posted by westvleteren  View Post
Tryitagainmf,
I do not have these Volume Composites for Ninja. I do not use Ninja for MP or Volume Composites. Perhaps Ninja tools like OFA or ACME (Rancho Dineiro) have these capabilities. I am not sure, but perhaps GOMI from BigMikeTr@ding has similar capabilities. I do not use these tools for Ninja, so I am probably not the right person for this on Ninja.
No problem, mate. Just wanted to ask since we are on a NinjaTrader thread, thought you might also have them in NT.

Did check at BMT but saw nothing. I do not understand enough about the many GOMI settings to know if they are available through those tools.

Anyone else aware of those?

Cheers!

Mick
01-31-2014, 09:09 AMwestvleteren
Tryitagainmf,

I checked BMT and found (it think) it. Check https://www.bigmiketrading.com/elite-circle/1342-volume-ladder-ninjatrader-gomi.html post 1. There is a videolink there. The video takes 7:06 to run. Skip to moment 6:00 and you will see the volume composite and the levels on NT.
This may keep you off the street this weekend.......
01-31-2014, 09:19 AMtryitagainmf
Quote:
Originally Posted by westvleteren  View Post
This may keep you off the street this weekend.......
Between this and a wonderful woman...

Truth be told, she will win although GOM studies will be a "close" second. (Did look though the thread by way of the attachments and did not see anything but will look closer once at leisure.)

Thanks Mate!

Cheers!

Mick
01-31-2014, 10:48 AMadmis
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
Good morning!!!
Admis have you put sound on WCCI level 200/-200?
Much thank you for everything!!!
Hi,
Yes, indeed, as I promised but I've made a decision not to change the WCCI which is a hidden indicator in NT resources. This solution could be confusing for inexperienced users.
There is a link below to my version of CCI_Alerts which can be attached to your charts with WCCI in the same panel (overwritten). All lines and levels are transparent.
The sound alert is activated when cci exceeds a specified trigger level (e.g. +/-200).
Independently there is an additional trigger level which can be used in conjunction with the previous sound alert or alone. A small triangle is displayed when cci is crossing down the trigger level from overbought area or crossing up the (-)trigger level from oversold area. Something like a reverse signal.
Cheers for all,
http://www.sendspace.com/file/jz7wap
01-31-2014, 11:05 AMelgaza26
Good morning traders, did you think I was sleeping and letting this one go by me just like that?
Nope not me you should know this already we are vulchers in this game except it’s not a game!!!
Just got home and I want to share with you my 2 trades I took this morning both on the same level and I explain why and how
OK so when I woke up this morning I just couldn’t believe my eyes and I made a quick move before even getting up from bed just to make sure I was gonna be on this ride and here is why

Daily:

http://uploadingit.com/file/9lns11ldsx7esqiz/Daily.jpg

Entry:

http://uploadingit.com/file/z1oqdjhdelivpkdp/Entry.jpg

I had to leave home and manage this trade from the phone so I don’t have my exits, but this trade I exited at 69.75 taking 4 points with 20 cars, definitely going big at this level

2nd Entry:

I totally missed the 61 area and I knew we’re gonna test this area when I got out from this trade but couldn’t do anything about it, FAMILY COMES FIRST GUYS, remember that when you start making money, it’s very easy to forget your family and dive into a world of greed and dreams, so don’t let this get over your head when you get there!!!

http://uploadingit.com/file/2uxyi1se...b/2ndEntry.jpg

I had to manage these trade from the phone so not easy to snap pictures as it is when I’m at my computer so forgive me I don’t have enough pictures for you here, but I think this will suffice for now.

Got out at 72.25 on this one on the little retracement there on the 2tks chart and didn’t want to take a chance anymore we could retest the 60.75 area again and I didn’t want to risk my capital and earned money

Took 7 points here and I’m happy with 11 points on with 10 cars you can make the calculation yourself, this is a Friday and as usual I don’t have much time on Fridays so I’ll see if I’ll get some times and opportunities to trade more today

Good luck to you guys and I hope you’re having a good day trading
01-31-2014, 01:16 PMfedya9568
Hi Elgaza!
Nice trades for today.
Till now have no possibility to set up the charts as your ones.
Several pages ago admis suggested to put some amendments to this NT file – BarsTypes..
Unfortunately I don’t know where exactly should I put that words…
Could you share your file from NT which is located at your PC – “BarsTypes.cs” -
"C:\Users\adm\Documents\NinjaTrader 7\bin\Custom\Type\@BarsTypes.cs" ?
01-31-2014, 01:37 PMelgaza26
fedya9568 sorry for the late response Fridays I don't have much time to trade but as for your question I don't really know what BarsTypes.cs has to do with anything on my charts, I use RJ's Renko bartype and it is provided on the package in pot #480 page 48, more than that I don't really know what you mean
01-31-2014, 01:46 PMtryitagainmf
.................................................. ..........................................
01-31-2014, 01:51 PMfedya9568
Every NT user has the file.
It is described somehow here at NT forum - http://www.ninjatrader.com/support/forum/showthread.php?t=63492&highlight=BarsTypes.cs
about its changing.. it influence to type of bars drew at our charts...
Sorry for my request, as perhaps you think that the file could contain some secret info from your NT..
01-31-2014, 01:52 PMfedya9568
Quote:
Originally Posted by tryitagainmf  View Post
We had a similar discussion in a different thread about how NinjaTrader only "allows" for a specific number of Bar Types.

Start at Post #29 and continue from there on this thread...@admis has the technical reason on why this happens...

http://indo-investasi.com/showthread.php/23538-Renko-Spectrum-PSCVER2-0/page3

Cheers!

Mick
Hi Mick!
Did you have the same problem?
01-31-2014, 02:02 PMelgaza26
Here something you SHOULD NEVER DO

Entry:

My entry was good everything lined up

http://uploadingit.com/file/mdwtkywzom7et787/1.jpg

Exit:

Got my 2 points filled

http://uploadingit.com/file/9wd9yrn7zkvwi6yn/2.jpg

Short:

And got my short already setup for retracement

http://uploadingit.com/file/lom5zdxrm556ggm0/3.jpg

Exit:

I almost got my target filled but it went against me and gave back 2tks, made only 1.5 points
STICK TO TREND and don’t do S T U P I D things like I did here, yes it was even if I almost got it
Not only I gave back 2tks but most importantly I lost the trend up

http://uploadingit.com/file/dktsdch9cepopfjp/4.jpg

I have to learn and I do every day, we will keep on making mistakes but we have to be aware to our mistakes at least
Good luck, too bad it was only 1.5 point in total
01-31-2014, 02:09 PMtryitagainmf
Quote:
Originally Posted by fedya9568  View Post
Hi Mick!
Did you have the same problem?
No, mate, I do not have that problem. HOWEVER, I did have the RH loaded long ago, so it was already occupying its "slot".

Cheers!

Mick
01-31-2014, 02:09 PMk33
This might possibly be an aggressive stop-run right now. The dax didn´t follow the american indices.
01-31-2014, 02:28 PMelgaza26
k33 that may be the case but you see I don't look at the dax and I get to see the same thing in Market Profile, the question is did you do something about it or are you just sorry now that you could and didn't, you don't have to answer that but the point is that this screen and all the tools we have here are more than enough to make a smart QUICK decision with a glance of an eye and without going and looking for other things for confirmations


OK Those bastards took my 2tks I won’t let them get away with it so easily
(Well actually I just gave it out to them, so this time they were good boys)

Entry:

http://uploadingit.com/file/vkrzcy56fe4oxfjl/Entry.jpg

Did you all see the %80 RSI on the 2tks, I did too, but I was VERY READY to fire up a short just waited for the right second to do that
It came and I knew that 87 would be the high, it went 1 tick more than I expected it to go
I shorted at 86.75 pretty much at the very high

Exit:

http://uploadingit.com/file/gdkkfbyza8xqhavx/Exit.jpg

So I really don't have much time today but I watch the market still and when this kind of setup comes up I get very soft and smiley
01-31-2014, 02:49 PMk33
Priceaction makes higher lows and delta is not following. I thought this could have been be great to get into the downtrend at a high price. I am under water in demo now.
01-31-2014, 02:56 PMelgaza26
k33, while you are under water, when I started I drowned so don't let it get to you, when you learn how to ride a bike, you'll have many falls until you get the hang of it, but when you do than you'll have the skill to ride a bike FOR LIFE it goes the same for trading once you master a strategy you'll have a gift for life, don't give up and just learn one strategy and excel in it
01-31-2014, 03:01 PMadmis
Quote:
Originally Posted by fedya9568  View Post
Hi Elgaza!
Nice trades for today.
Till now have no possibility to set up the charts as your ones.
Several pages ago admis suggested to put some amendments to this NT file – BarsTypes..
Unfortunately I don’t know where exactly should I put that words…
Could you share your file from NT which is located at your PC – “BarsTypes.cs” -
"C:\Users\adm\Documents\NinjaTrader 7\bin\Custom\Type\@BarsTypes.cs" ?
Hi fedya9568,
I think there is not right place to ask for solving a technical problems. It is the marginal problem which obstruct reading the main topic. Please open a new thread and I'll try to help you.
01-31-2014, 03:08 PMelgaza26
Hi admis you're the nicest guy I'll tell you that, always there to help others !!!
01-31-2014, 04:08 PMelgaza26
OK trader I know theres few more minutes till this session is over but I got to go already and won't take any more trades
and looke at the ladder right now it's chaos you know how it is by now war world

to day was not bad day for me had 5 trades only cause I was not next to my computer but never the less you can see how this system repeat it self day in day out, you should be convinced by now that it's worth the learn and mastering at least one strategy you feel comfortable with.
These are the trades taken today they are all posted and all the new viewers can just go back and see how they were executed and why according to my best knowledge
20   4p
20   7p
10   2p
10 0.5p loss
10   2.25
01-31-2014, 04:13 PMfedya9568
Quote:
Originally Posted by admis  View Post
Hi fedya9568,
I think there is not right place to ask for solving a technical problems. It is the marginal problem which obstruct reading the main topic. Please open a new thread and I'll try to help you.
Hi Admis, thanks for your post.
yes, you are right. its offtopic, I will follow your advise. Guys, have a nice weekend!
01-31-2014, 04:21 PMelgaza26
Ahhh darn I thought maybe one more but didn't go as I wanted
I hate to end the day like that, but got to show you the bad ones not just the good ones, and it's OK no big deal will get it back next week hopefully

Entry:

http://uploadingit.com/file/d4s4y7bqcdkkbn0l/Entry.jpg

Exit:

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

So take away 0.5 points from the total from previous post, LOL

OK everyone have a great weekend
02-02-2014, 10:22 AMelgaza26
Hello everyone we had few traders that had some problems with the charts, templates and setting up their screens as I showed on the picture posted before, I promised few times that I will update the package and give you a working product as it should have been in the first place, so I did just that, I've updated the package and the instruction file and I actually installed everything from the very beginning to the last step and I got the same results as I have in my own system so you shouldn't have any problem as well, so if you still don't have this package and want to download and try it, then its all ready for you.

The only difference now from the original post is that I did not include the proprietary indicators
You should get it from other posts if you don't have them, the list of indicators that you'll need are all listed in detail and their proper folder location, so forgive me for the inconvenience but I'm sure you guys will understand why I did such a thing, the risk is just too big and anyone can get those indi’s all over this place anyway.
The package can be downloaded at post #480 page #48 on this thread
Good luck to all of you and will see you around
02-02-2014, 11:05 AMCashManic
thanks elgaza for your trading strategy, your trading journal and continued instruction
02-02-2014, 11:35 AMelgaza26
You are ALL very welcome and I want to tell something to all the traders that are reading this thread.

I know my strategy is not the easiest I mean few times I use only Market Profile and that's not for the novice, or even for an advanced trader who is not thoroughly familiar with Market Profile, many times I have trades that the entries are pretty easy to understand, with just the tools we have on the screen but my exits are mostly by Market Profile and that sets a lot of traders back

I'm going to try to set a different strategy to those who want to practice and still take a cut from the market without having to know Market Profile, your trades will not be as stretched to the limit as I do, but who cares, what most of you traders need to get out of the market especially if you don't have a strategy yet, is 5 points a day. This is more than enough for anyone to be called a successful trader in this market
You can all do the math what kind of a return you can get with 5 points a day, in 20 working days which is one trading month, you can average $5000 with 1 contract. I think every one of us would be very happy with such a return on your money I know at my first days I wish I could only make 1 point a day so that I can still be in the game and raise my account slowly slowly.

So wait for update as I have to test it and see how it works, if it works well for me and again without Market Profile, it should work well for you just as well and maybe than we’re gonna see some trades posted on this thread aside than mine, lol

OK so will update you on it, check us out here from time to time when the market is open
Take care my friends and good luck in your trading career
02-02-2014, 11:58 AMIl Quotidiano Gratis
Elgaza do you change OFA setting form 6-4 to 12-4 ?
02-02-2014, 12:02 PMelgaza26
YES I did, my friend raised that point and when I changed it, it just made so much more sense, I'd much rather see less exhaustion signals than so many like we did in the 6/4, the 12/4 exhaustion signals are much more significant and if you look at the chart you'll see that when they do appear, rarely they would get broken before you'll have a retracement of a point or two, which should give one enough time to bail out or have a very small loss, but most of them will give you nice retracement and that's what we want quality not quantity!!!
02-02-2014, 12:03 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
Ahhh darn I thought maybe one more but didn't go as I wanted
I hate to end the day like that, but got to show you the bad ones not just the good ones, and it's OK no big deal will get it back next week hopefully

Entry:

http://uploadingit.com/file/d4s4y7bqcdkkbn0l/Entry.jpg

Exit:

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

So take away 0.5 points from the total from previous post, LOL

OK everyone have a great weekend

First I will thank you. And I hope you are having a great weekend. Can I Ask you a question. You moved complacent ass to watch the market. Could you please explain how you enter. Would you wait for the price to retrace to your entry. In this trade 79.75 are you waiting for the market to retrace to hit you OR already retraced and coming back up to hit you. Or it does not matter.

And Also If you can inform that in your post that would be great.
Your information is like any PAID trading room. I really appreciate
02-02-2014, 12:04 PMelgaza26
now I now have a question of my own and I hope some one would have the answer, when I start my NT I usually see the data in OFA chart but today when I started it's empty and I have set to load 5 days of data, does anyone got over this problem or do you have to start a new session every time you start NT like the legacy OFA
02-02-2014, 12:09 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
now I now have a question of my own and I hope some one would have the answer, when I start my NT I usually see the data in OFA chart but today when I started it's empty and I have set to load 5 days of data, does anyone got over this problem or do you have to start a new session every time you start NT like the legacy OFA
OFA only works if you are connected to data source received the first tick. Then it will load the historic. Admis / minch (THE GURUS) knows more about it

Offline Sojourner

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Re: elgaza method
« Reply #40 on: March 12, 2014, 12:33:08 PM »
elgaza26
SignalTime first thank you for the warm words I appreciate it

on that trade if you have the charts in front of you'll see that we were coming from down upwards and we crossed the POC which was 1779 on the 6tks and 2tks charts so when I saw those 536 buyers coming in I thought it's a good setup, we are above POC 79.75 buyers are coming and they may want to push it higher, my entry was good, I did not make any mistake there in terms of the setup, the only thing I had against me was that it was few minutes before closing and the institutions already set their positions for next week
when the buyers came in price went 2tks higher and I put my entry at 79.75 right on the same tick as those buyers, cause just look at the ladder 2 bars away and you'll see how the institutions are not gonna let this level go so easily higher they are in position already and they are going to fight for it, and they did, as soon as I got filled, it only took few seconds and I saw the 708 lots coming in in one shot, I KNEW I HAVE NO CHANCE but to bail out, I was quick and closed the trade one tick under me and got filled another tick under losing .5 point on this trade
but will get it back my friend I did not forget it for them I will revenge LOL
02-02-2014, 12:20 PMelgaza26
OH I see, so as soon as market starts I should see the history right?
02-02-2014, 12:26 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
YES I did, my friend raised that point and when I changed it, it just made so much more sense, I'd much rather see less exhaustion signals than so many like we did in the 6/4, the 12/4 exhaustion signals are much more significant and if you look at the chart you'll see that when they do appear, rarely they would get broken before you'll have a retracement of a point or two, which should give one enough time to bail out or have a very small loss, but most of them will give you nice retracement and that's what we want quality not quantity!!!
i understood what you mind. just to speak did you test 9/4? is it the same like 6/4 many signals?

for ofa setting...i not sure but i remember, if you go in opzione your corrent data feed connection there is set for data history.... do you chack it?
02-02-2014, 12:43 PMelgaza26
First I wanted to set it up like the legacy OFA which gave very nice reading on clusters and major pivots so I don't want to go lower than that and get more noisy, I checked it out and it's really good so I'm gonna stick to it but thanks

as for the feature in the options, I don't see any feature for that, the only one there is, is in the Data Series and there is an option to get the feed from IQfeed which is not relevant to our problem

will have to wait till market opens and will see if I get the bars plotted I guess.

Thank you Il Quotidiano Gratis
02-02-2014, 12:44 PMthaomoua
Quote from: elgaza26;311101
now I now have a question of my own and I hope some one would have the answer, when I start my NT I usually see the data in OFA chart but today when I started it's empty and I have set to load 5 days o f data, does anyone got over this problem or do you have to start a new session every time you start NT like the legacy OFA[/QUOTE

I have this problem all the time. I found that I just reload the template and it shows up. I'm blaming it on NT. :)
02-02-2014, 12:51 PMelgaza26
thanks thaomoua I knew that when ever I start it I got to see the data, but didn't quite connect the ends to realize you need data feed to see history, it just doesn't make sense to me, but it's OK, it's way better than the legacy one where if you closed it you just never got it again unless you have IQFeed connection, which I don't.
02-02-2014, 12:54 PMadmis
Quote:
Originally Posted by elgaza26  View Post
now I now have a question of my own and I hope some one would have the answer, when I start my NT I usually see the data in OFA chart but today when I started it's empty and I have set to load 5 days of data, does anyone got over this problem or do you have to start a new session every time you start NT like the legacy OFA
All depends on version of o_f_a you are using. What I remember, you've shared in your trading package a "source version". It means for me you still have a previous release. The inconveniences you've described ("waiting for a tick") has been introduced only in the current release (together with a (~) market replay feature). If you didn't make lately any modification in your set of o_f_a indicators I can't explain this behavior.
Try to temporary remove all xml files (templates, settings) related with o_f_a, reload NT and see if it works.
Cheers,
02-02-2014, 01:00 PMIl Quotidiano Gratis
i use CQG from amp ... so i got now this

http://my.jetscreenshot.com/19530/20...-j4xk-58kb.jpg

i have put on this setting

http://my.jetscreenshot.com/19530/20...-4oyk-63kb.jpg
02-02-2014, 01:00 PMelgaza26
ya I use CQG as well

Hi admis, just did that, opened a new chart with no chart settings and loaded the ofa indicator, and still nothing

can you see data now on your OFA
02-02-2014, 01:04 PMadmis
I'm using not the same version you have so it is not comparable... :(
02-02-2014, 01:06 PMelgaza26
and look at Il Quotidiano Gratis how he got it going

Il Quotidiano Gratis are you using the cs version or the dll version?
02-02-2014, 01:10 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
OH I see, so as soon as market starts I should see the history right?
yes it should
02-02-2014, 01:11 PMadmis
O_F_A doesn't like xml settings. Try to open a new workspace, remove an o_f_a related settings, reload NT, create a new chart, add an o_f_a and see if it works.
02-02-2014, 01:13 PMelgaza26
I'll do right now
02-02-2014, 01:16 PMelgaza26
Nothing, just saying on the middle of the screen "Waiting for tick..."

So I guess my version has to wait for the data to flow, anybody care to share a version that could show me the data without waiting for it
02-02-2014, 01:18 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
and look at Il Quotidiano Gratis how he got it going

Il Quotidiano Gratis are you using the cs version or the dll version?
my ninja is down... crashed... grrrrrr often when it starts crasched for two or three time ... i am using another version
02-02-2014, 01:23 PMelgaza26
well I know this is not the thread for it but if anyone could share this I think everyone could benefit and while they read this thread they can anticipate such glitches, thanks
02-02-2014, 01:30 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
well I know this is not the thread for it but if anyone could share this I think everyone could benefit and while they read this thread they can anticipate such glitches, thanks
http://www.ZendZpace.com/file/crh5yx
02-02-2014, 01:32 PMelgaza26
Thank you so much Il Quotidiano Gratis
02-02-2014, 01:37 PMelgaza26
we use the same version :)
02-02-2014, 01:45 PMadmis
I told many times an o_f_a package is really not easy. Not as 99% of the rest available here indicators. You have always take control what are you doing and in what order. Unfortunatelly, as I suppose, there is a few different version available not quite compatible with each other...

I removed "my" version and have installed once again a "public source release" and it works as it should.
02-02-2014, 01:50 PMelgaza26
I hear you, well doesn't work for me, I guess I'm stuck with it then
02-02-2014, 02:01 PMelgaza26
..........
02-02-2014, 02:05 PMelgaza26
..........
02-02-2014, 02:09 PMIl Quotidiano Gratis
i found this to... i think is ofa free ... can we use whit exsaustion?
http://www.Zendspace.com/file/kovhe4
02-02-2014, 02:09 PMTraderbeauty
Hi Elgaza- been awhile- market was moving and i was busy trading.
I have few questions regarding the system-if you dont mind of course.
First- why are you using the point & figure- i was watching it through live trading and many times there is just no new bar and then it just stays similar while the market is moving- all in all what i am saying is that most likely i am not following the necessity of this type of bars, i use the renko in few time frames 1 tick all the way to 8 ticks to get a good measure of what the market is doing and this way i can see INTO the big legs watching the 2 tick chart- just cant get the P&F oneslol - sorry. I mean i fully understand the importance of watching the nodes on an mp but why not use any other time frame? what is the advantage of the P&F ?

Another question is--
I was not even considering or using OFA before you introduced it as part of your system- once i looked at your charts i started to use it but was kind of disappointed by the lagging of the exhaustion bars and the repainting that happened many times. In spite of that i went to their site and watched the videos and setting explanation and i am impressed and do see the reasoning and value of ofa- my question is- why dont you use some of their other features/indicators ? and dont you see sometimes a delay-many times by the time you get the exhaustion bar UNLESS the market retraces back a little to enable you to get in at a good level- you might miss the trade.

Another question- regarding ofa- i noticed that many times when you look inside the bar you can go in at a support or resistance that is being shown in the previous bar poc or a high node- and it seems very accurate-
I did try to run a replay but was unsuccessful so i guess will have to wait for the open and watch it live.

Another question-
I started to use the divergence after dropping it so many times and that is because during a strong trend a divergence is useless - but.... using the fib levels plus a divergence - it worked like a charm-so i really owe you a big thank you for forcing me to add some valuable indicators. but- forgot the question lol- totally agree with the div- but what is the purpose of the cci- i mean- using the 2 tick chart - by the time it crosses the zero line we are so delayed and will miss the trade unless we are willing to get an inferior entry.

Another question- i use the volume on a 1 minute to discern a possible reversal initiated by the big money movers.; you are using a volume bar basically for the same reason but on a renko chart- my issue with this is that the renko actually is eliminating the tick noise and actually compressing an entire area into a bar- so in the event of an consolidation you will get 1 bar of renko encompassing many ticks creating a huge volume bar which does not mean anything other than consolidation- i am not saying that this is not representing a possible situation- i am just saying that it seems to me that a 1 minute volume bar might show us a better fluctuation in the market.
just to make sure- repeat of the ofa - why wouldn't you use their stops or internal volume ( like the gom) meaning the whole package.

btw- regarding ofa thread- 62 pages and yet not one tried to discuss how good or bad are the indicators or the method or to compare them to other systems etc lol oh well...

Thanks again
Traderbeauty-Jane
02-02-2014, 02:13 PMadmis
In the ... version uploaded by Il Quotidiano Gratis you HAVE to delete bold red lines: in (OFABarsType.cs)

public static bool chartFind()
{
bool_6 = true;
if (smethod_0() == null)
{
return false;
}
return true;
and you can delete all smethod_0 procedure.I don't know where from you've got this but it is better to forget about it...
02-02-2014, 02:25 PMelgaza26
Thank you admis for that I will try this

Jane I will answer all your questions just busy right now so wait for it please
02-02-2014, 02:29 PMorfila
elgaza, you had asked for volume indis --- I use this one on a separate OFA chart its a volume splitter from E-O-T... ( It is real-time or replay only ... )

https://anonfiles.com/file/3751808b79341c8aad9d10bb59e62eec
02-02-2014, 02:56 PMnewbie0101
Quote:
Originally Posted by admis  View Post
I'm using not the same version you have so it is not comparable... :(
Hi admis, hope all is great-if you don't mind. What are the differences in the one you are using and the one elgaza kindly included in his trading package?
Is one better than the other? If yours is better, will you share?
Thanks in advance

edit: from your post 1581 what is "public source release" ?
are u talking about their free version?
02-02-2014, 03:23 PMadmis
Quote:
Originally Posted by newbie0101  View Post
Hi admis, hope all is great-if you don't mind. What are the differences in the one you are using and the one elgaza kindly included in his trading package?
Is one better than the other? If yours is better, will you share?
Thanks in advance

edit: from your post 1581 what is "public source release" ?
Hi newbie0101,

A "public source release" - I call a source version generated by minch and after that (31-dec) I've made a cleaning work with a "time bomb".
What I called my version is not for public sharing just because it is work in progress. (I wrote about it in O_F_A thread).
IMO: There are 2 main problems with the o_f_a:
1. a members are re-uploading a beta releases or wrong/not finished releases.
(an example you have above what Il Quotidiano Gratis sent, but not only him)
2. Instalation/reinstalation of the package must be strictly enforced. It is only a half of truth the source files are better. I always told: not for everyone.
02-02-2014, 03:27 PMmorel
Hey everyone, i really don't know what's the problem with elgaza's of@ indi that included in "TheCompleteTradingStrategy", it works fine for me
02-02-2014, 03:41 PMelgaza26
morel it works for me as well but for example now that there is no live data feed I don't see any prints on the chart, that's it.
02-02-2014, 03:41 PMadmis
Quote:
Originally Posted by morel  View Post
Hey everyone, i really don't know what's the problem with elgaza's of@ indi that included in "TheCompleteTradingStrategy", it works fine for me
No offence, but it seems to be the only truth. You don't know.
02-02-2014, 03:46 PMadmis
Quote:
Originally Posted by elgaza26  View Post
morel it works for me as well but for example now that there is no live data feed I don't see any prints on the chart, that's it.
Have you made an adjustments in the code I described in the post: #1587 (http://indo-investasi.com/showthread.php/23753-N-viTr-der?p=311132&viewfull=1#post311132) ?
02-02-2014, 04:00 PMelgaza26
I'm gonna do it now admis thank you I was writing an answer to Jane while doing other things as well so now I'm gonna try thank you so much
02-02-2014, 04:02 PMelgaza26
OK Jane so goodness we don’t see you for awhile, well it’s good to see you back.

So I will try to answer your question one by one and hopefully you’ll understand why my setup is like that

1)   A: I use point and figure bars cause of the logic it has in the reverse pattern, they are not much different than the OFA, you see the way it creates a new bar each time has to do with the reversal in the bar and not by time factor which makes the bars themselves an indication for a trend reversal

B: the reason you don’t see all the bars is very simple, I filter all the noise from the ladder and I only want to see the institutions therefore if a bar will not have the institution involved there will be no prints therefore no bar, otherwise if any cell will have the institutions involved than that bar will show and any other cells in that bar will show 0 if no institutions are involved.

You see the problem with most traders out there is so common that I see it all the time, everyone is looking for a signal from their charts and this is not the way to work with your charts or you’ll go crazy, we are not machines and we can’t process all this information fast enough every minute, the ladder is showing me where the sharks are coming in and that’s all I want to see I don’t care for anything else about it, it gives me a clean chart a sonar like scanner that reveals to me instantaneously where the danger may be, cause anything else in terms of numbers is not as significant as these, and if you put all those numbers with no filtering like the OFA does, then you try to do justice with it, not that you can’t see some levels ya sure you could, but you DON’T KNOW which one are the institutions and which one are not and even if the institutions are going small it’s not as important as when they go big time, cause when they do YOU’RE GONNA SEE SOME MOMENTUM and this is what we want from this chart, NO MORE, the rest is not as important.
(At least not to me, if it is for you than by all mean be the human calculator)

2)   Your question about the OFA exhaustion and as for the repainting affect well when an exhaustion signal appear, it could disappear just as fast as it appear, and the reason is not because it’s repainting but because it represent the market state at a given time, and if at one moment there was an exhaustion it does not mean that it must stay like that, you could have more buyers or sellers coming in from nowhere and change the situation, but the times that that happens are less than those that the signal just stays, again it’s a game of probability, and this is why I changed mine to 12/4 so to not to get to noisy there, I also added the VCA so I can see more clearly if we get BIT or SIT, I wish I could filter OFA so that I could see the institutions than I would use the ladder I do now.
Another point that I’ve noticed, I don’t’ think that an exhaustion signal comes from the very top or bottom tick, I think it could also come from the 2nd tick next to it as well and therefore it looks to you like it’s repainting, but I’ve watched how it works and it prints very fast and sometime it comes and goes quickly just because of volume change, so if it’s repainting it would do it all the time and not when it feels like it.

3)   As to the divergence indicator, well ANY indicator almost is useless when we are in an explosion even Market Profile is losing its accuracy as happened few times in the big dump, there are ALMOST no rules when a big dump like what we all experienced comes in play, the only thing that may still hold are horizontal levels given not by Fibs but ONLY by lows/highs of day/week or a very significant point in Market Profile the Fibs level will be pass through like butter so to any moving average or peach forks, diagonal lines anything with a static number will have no chance for accuracy in all the levels. from my experience I’ve used them all and I know the % rate of accuracy you’d get from diagonal lines peach forks Fibs and all that compared to Market Profile or just simple lows/high of days/week/months these are the strongest of all
The divergence signals are mostly extremely significant on the 15m, 60m and 6tks charts, the bigger time frame, when you get one of those on these charts than you can’t just ignore them, open your 15m chart and check it out, I know some people who pay money for such signals, no joke, and these signal are better than what they get and more often

4)   As to the volume bars in 1 minutes chart compared to 2tks Renko the answer is very simple, it depends on your style of trading, a 1 minute chart CANNOT GIVE YOU A CLEAR PICTURE ON THE BIG SCALE that’s it no argument there, it’s too noisy, now if you are a scalper for 1 point or so, than it could be good for you, but the difference between a big volume bar in one minute and a big volume bar in the 2tks chart is huge, and to prove my point, just look how many big bars you’d get in the minute chart and what kind of “big volume bar” are we talking about, and look at the 2tks chart, they don’t come that often but when they do, it’s like bow and arrow pulling the arrow and waiting for a good run.
You see we don’t need signals in quantities but we need only a few with quality, I’ve shown many time on this thread with many trades how I take advantage on a big volume bar that forms, and I have warned many times ahead of a forming bars like that and we all saw the huge affect that took place after that, and I kept on repeating myself numerous time here that volume precedes price, just because we saw what happened after such big volume bars like that also I have enough time to analyze which direction it’s going to fire, in a one minute bars it’s too fast and too sporadic

You can do a little test for yourself, expand you minute chart and look at your big volume bars there, and see how much of a run you got from all of them and how many you got, and then do the same with the 2tks chart you’ll see the difference and the clarity.
Jane these were great questions and I’m glad you asked that, cause now a lot of people who didn’t even think about asking such questions can realize and understand one more step than they did before your post, thank you.

And I'd like to thank EVERYONE HERE who is participating making this thread a bit different than a collection of indi's
02-02-2014, 04:03 PMmorel
Hi admis,
I didn't change anything.
The code still has this:
public static bool chartFind()
{
bool_6 = true;
if (smethod_0() == null)
{
return false;
}
return true;
02-02-2014, 04:09 PMelgaza26
Quote:
Originally Posted by admis  View Post
In the ... version uploaded by Il Quotidiano Gratis you HAVE to delete bold red lines: in (OFABarsType.cs)

public static bool chartFind()
{
bool_6 = true;
if (smethod_0() == null)
{
return false;
}
return true;
and you can delete all smethod_0 procedure.I don't know where from you've got this but it is better to forget about it...
admis when you refer to this "and you can delete all smethod_0 procedure" did you mean only that line along where it appears cause there are 3 instances like that in this indi
02-02-2014, 04:10 PMmorel
elgaza for me it plots the prints...

Offline Sojourner

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Re: elgaza method
« Reply #41 on: March 12, 2014, 12:33:45 PM »
minch
...................
02-02-2014, 04:13 PMelgaza26
I don't know what's the difference but I guess I'll just wait for the market to open and see if I get prints, if I do than it's not the end of the world.
could be nice but as long as I get it while I'm trading it's bearable
02-02-2014, 04:17 PMadmis
Quote:
Originally Posted by morel  View Post
Hi admis,
I didn't change anything.
The code still has this:
...;
Let's better delete it. elgaza setup has worked as well until today. ;)
02-02-2014, 04:20 PMminch
................
02-02-2014, 04:29 PMelgaza26
minch you did it for me. I changed it to 15 days and now I get the bars great thank you EVERYONE for that
02-02-2014, 04:30 PMadmis
Quote:
Originally Posted by minch  View Post
for those who has no ofa bar plot regardless having smethod0 removed or not, it's irrelevant, you just need to increase loading days in ofa chart.
I would like your suggestion was more durable than the words that probably fade fast with no responsibilities for them.
02-02-2014, 04:50 PMelgaza26
And Jane I forgot to answer with regards to the CCI
the CCI is not a trigger for long or short, although it could be used as one, like many people use the WoodieCCI as a whole strategy
I use it for trend, what I mean is if I see the 6tks chart CCI far away from the 0 line and I get a signal to go long on the 2tks I'd be very hesitant to take it long, but when it gets pretty close to the 0 even if it didn't quite cross it then I take my trade considering the whole picture
02-02-2014, 05:41 PMelgaza26
I would love to see the price goes up again to poc when market opens up for second round
02-02-2014, 06:03 PMTraderbeauty
market just opened and i got all the prints on elgaza's ofa with no problems- it was just waiting for a tick to get started
02-02-2014, 06:05 PMelgaza26
see Jane how nice it reacted
02-02-2014, 06:07 PMelgaza26
I want to see it going through the 79.25 in order to even think of a long here
02-02-2014, 06:11 PMelgaza26
OK Jane pay attention, see how the Turobo CCI on the 15m has cross the 0 line, that shows of strength not a signal
same goes on the 6tks this is strength and trend, the signal I get from the 2tks and MP right now on the ladder
02-02-2014, 06:17 PMelgaza26
did you guys see how easily we crossed the 79.25 and came back to 79.50 now that's a signal
02-02-2014, 06:24 PMTraderbeauty
Elgaza- thx for your detailed answer-
You see - to me the market looks like a story told by millions- its a curved line going around with very specific rules ( talking only about the ES ), many times i cannot believe how accurate these rules are- who knows why- maybe because a lot of people are following or maybe because the rules cause the people to follow- but WHO CARES lol, as long as i understand the rules i can predict where the market will go- more accurately short term of course than long term but i dont really care about the long term.
I just look at the legs and it tells me where to go , then i wait for a signal which tells me WHEN to go.
I fully understand your answer specifically the one regarding the institution trades- but i love to trade all the time- or lets say - not being all the time in the market- but taking advantage of certain low risk locations to enter.
For example- if we have a lower low then if we get to a double top i will short big time with 2 tick stop above previous high- this never fails.
That is why i like my charts to constantly update.
There are 2 more tricks i use that you might want to try- these setups help me hone my entry to the tick and prevent me from entering against the market-
1)- i use 3 very small charts of NQ;YM; and TF on a renko 1-1 so if i want to go long for example- i kind of glimpse at the 3 and if i see that 2 of them are dropping like stones i will hold my longs- NEVER FAILS and its just simple visual- no indicators on them just small and squeezed charts so they dont take real estate of my screens.
the other one is another small chart of 1 tick renko spectrum or hybrid with acme volume balance and gom volume delta and gom delta momentum- i turn off the chart itself but watching these 3 indis is keeping safe from going nto the wrong direction.( look how well these 3 told us just now to go long AHEAD of this up move----
http://imageshack.com/a/img585/8997/fmld.jpg
Thanks again
Traderbeauty-Jane
02-02-2014, 06:26 PMelgaza26
OK I basically walked you through this trade before it happened and told you what I'm looking at to take this trade

Entry:

I told you guys before the market opened up how much I'd love to see the market going through POC which was 79.25 and when it went back to 79.50 and paused I knew it's strong so got in as soon as it started to go up again at the same tick that I lost last Friday and gave back 0.5 point


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

Exit:

I wanted to trail it really but I'm trying to go with the new strategy to show you guys a new way to trade for a point every time so guys you are costing me money here so I don't know how long I'll do it but I will show you so those who want a strategy to follow could do this and I will explain it later
I was able to scalp here 1.5 point with 10 cars, but really don't think about the money it will come with practice.

http://uploadingit.com/file/oolq6o8ah5q78e4t/Exit.jpg
02-02-2014, 06:29 PMTraderbeauty
you see- for me its simpler-
i look at my 8-2 chart and i can see that it reacted at the 50 fib- to the tick-
so now i expect it to go to at least 96.75 - if i were trading i would keep trying to go long at every signal on the 2 UNLESS i get a divergence and change of direction.
http://imageshack.com/a/img819/3043/vez3.jpg
02-02-2014, 06:30 PMelgaza26
Jane my dear while you are still thinking of legs I already made $750
what I got here are tools that are enabling me to make quick and deciseful decisions.
you need to feel comfortable with your approach to the market, if you look at 1 tick chart than you got to go with small bites and I don't know how it goes with the Fibs so be careful dear not to lose the scope of your strategy
02-02-2014, 06:32 PMelgaza26
I could short the market now but I don't I want to show you how this strategy works, the thing is I didn't test it yet and now I do so I don't have any input over it, you'll all have to be very patient, if it works, than many of you will be happy
02-02-2014, 06:53 PMTraderbeauty
Elgaza Dear.
I use the tick chart just when i decide to enter- not to enter- just to hone my entry better- normally i base my entries on the 6 or 8 ticks and going in using the 2 ticks so i hardly ever just scalp unless its for fun on a strong market when i am not sure where the target is.
but hey- who cares- there are many ways to skin a cat lol- was just trying to suggest some extra ideas to help- not to change the way you trade.
i never trade on sunday or during the off hours- low volume and your stops are not as liquid as during normal hours- going to a party soon but love to listen and participate-and learn more.
Take care and see you in the am
Jane
02-02-2014, 06:57 PMelgaza26
Great having you here as always good luck and enjoy the party

I'll just have a party of my own here I guess, lol
02-02-2014, 07:08 PMelgaza26
this is hard point to break cause we are on a pivot on the 15m chart look and you'll see it
02-02-2014, 07:11 PMelgaza26
2tks bar is growing, the question which way is it going to break
02-02-2014, 07:12 PMelgaza26
This is a good example for Jane when she comes back and read this how the volume bar makes a big difference here than a minute bar chart, we've been here for so long already and all those volume would loose the focus in a minute chart
02-02-2014, 07:14 PMelgaza26
we are 3tks from VAH on the daily it will be hard to break up here I can't see it going up higher at this point , maybe on a retest but not now
but then again I might be wrong of course in a market like that
02-02-2014, 07:16 PMelgaza26
EVERYTHING looks strong on the charts but it's not really it could be very deceiving
02-02-2014, 07:19 PMelgaza26
we all saw te %85 RSI on the 2tks chart, it has to have some sort of a reaction sooner or later, hopefully sooner.
02-02-2014, 07:49 PMelgaza26
Ok so I gave you the heads up before we say this retracement when everything looked great and bullish and you can see it on the chart when I entered the short

Entry:

would you short this screen?
most traders would shake to short this and just fully we say the momentum and the volume and you'd probably were thinking long

well I just jumped on the opportunity and shorted it

http://uploadingit.com/file/xmhrpsf7zvl4qunb/Entry.jpg

Ladder:

My profit target was as shown was for one point only but when I saw those guys couldn't keep it up I lowered my target to the fullest and safest MP allows me

http://uploadingit.com/file/nkwk53xojoqg7y0v/Ladder.jpg

Exit:

surly I got rewarded for this trade but at this level I only went in with 5 cars, this is not the same kind of opportunity we had at 79.75 on the long
I'ts OK it all adds up 1.5 points is money in every language

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

This trade has nothing to do with the new strategy that I was going to show you, this is counter trading very dangerous for those who do not have the skill to do that yet with confidence, I highly advise the beginner not to counter trade
02-02-2014, 07:52 PMelgaza26
and look now how the price stopped 2tks right under me, will see what happens from here
02-02-2014, 08:24 PMelgaza26
now will see if the sellers can keep it under 80
02-02-2014, 08:35 PMelgaza26
now if you followed this from the beginning you should be getting the picture now.
do you realize where it went down to?
79.75 from my entry point, retesting the POC, now is the question are we going to retest the high or continue the Fridays
I think we should do a retest to the high again at least once if the market really wants to get down again, but time will tell, we dont act upon analysis, it could kill us
02-02-2014, 08:38 PMelgaza26
Do you know whats the biggest lesson here today???

the big lesson to take home tonight is whether it's a Sunday or a Friday, the market has the same behavior ALL THE TIME, the only thing that changes is the momentum!!!

Remember that.

for me Sunday is just another day to collect money
02-02-2014, 08:40 PMelgaza26
I'll be frank with you, I don't think the new strategy is as good as those N@vi Tr3nd gives you
02-02-2014, 08:42 PMTraderbeauty
when i look at a longer term analysis i can see that the market retraced to 78 fib so i actually expect a new low - when there is a doubt let the shorter term time frames to inform you- meaning- if we continue to have lower lows lower highs then just short- but if we continue to have h-h h-l then just go long.
jane
http://imageshack.com/a/img850/1521/zs1o.jpg
02-02-2014, 08:43 PMelgaza26
we should see a tretracement from here
02-02-2014, 08:45 PMelgaza26
Hi Jane, it's not so simple to just go short or long, once you got your money inside you're up to the mercy of the market
not so simple even for me
02-02-2014, 08:59 PMelgaza26
This is where we got stuck on Friday for a while and we are retesting this lows, I think we could see a 4 points retracement from here

very likely cause I don't see a lot of money coming in to drive the market that low, but hey everything is open and can change and we can easily retest 74 as well
02-02-2014, 09:01 PMelgaza26
RSI 2tks %22, we should see it going up now, I hope
02-02-2014, 09:04 PMelgaza26
76.75 is actually POR
02-02-2014, 09:06 PMelgaza26
so what do you say about that, I shorted it from the very top when everything looked strong and I saw the weakness and look at us now, 7 points down from there
02-02-2014, 09:32 PMelgaza26
82 or so hopefully

Offline Sojourner

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Re: elgaza method
« Reply #42 on: March 12, 2014, 12:34:28 PM »
rhv
Elgaza great observations. On post #1627, what allowed you to prevent from entering too early say for example entering at time 18:22? I guess u were just waiting to get closer to the VAH.
02-02-2014, 10:02 PMelgaza26
takes a lot of patience
02-02-2014, 10:03 PMelgaza26
rhv what's 18:22
02-02-2014, 10:06 PMelgaza26
OH sorry rhv I thought you were referring to a price, you meant the time OK, got it, I'm just so concentrated right now
02-02-2014, 10:42 PMelgaza26
OMG did you guys see that fight for the 80.75 tick I thought it's gonna be there forever, that's why I raised my stop loss

Anyhow, look at the 15m chart, I basically told you everything ahead of time and you could have done the same thing, have you had some confidence

15m:

Major support as you can see here, you know those things happen almost every day and guys are busy with their OFA’s and setups and other who knows what configurations you are doing on your screen, look at how simple the screen looks and it’s screaming at you PUSH THAT BUTTON ALREADY

http://uploadingit.com/file/ggwbsrqkxge5ezfh/15m.jpg

Entry:

look at the 2tks RSI lower than %20, we are at a very major pivot on the 15m and the 60m, if you were afraid to take this trade, no matter how good you are, you need to admit that you still don't have it, and even though I just told you before and you got an advice from a professional trader, it still doesn't help right? you still don’t have the confidence to click that mouse I know I was there, and I’ll tell you why you don’t have the confidence, it’s because you are trading with your eyes not with your hands and mouse, and I don’t mean on a real account, I used to watch the market for hours, days and nights, but only got to a different level when I actually started to practice on the demo account.
Watching and actually trading are two different things; it’s not enough to watch to make a progress

http://uploadingit.com/file/d3rreyhduj9gn7zj/Entry.jpg

Exit:

I wanted to take it to 82 as I told you earlier but that fight over 80.75 was just too long and too boring for me so I lowered my profit target to that tick and it got me out, and now look what is happening it actually went 2tks above me and now it’s starting to retrace, I made a good call, wasn’t greedy just collected my money that’s it and onto the next, that’s how it goes day in day out

http://uploadingit.com/file/zkon34spmtxu3fix/Exit.jpg

OK traders so far for this night these are the trades that I made not bad for a Sunday anyway you can go and observe them and learn from them

10   1.5    $750
5   1.5    $437.5
10   3    $1500

look I'm not putting the numbers here to tease you, really I don't need that I'm happy with what I make everyday but the reason I do that is to show you that with those simple tools even if you don't really understand Market Profile, it's OK, there are just so many opportunities in the market to take a cut
you don't have to be like me and take the whole cake of 3 points, you could just scalp for a point there when a setup comes up and wait for the next setup, that's it and with practice you will get better and better with this, you'll see, I wasn't born like that, and no one did, but I took it seriously and practiced, have a discipline to take only the setup you've set for yourself and and wait for the next, you'll be surprise how it adds up and how much satisfaction you'll have, not from the money but from the success
OK traders, I bored and I'm gonna go lay down a bit

See you later
02-03-2014, 06:15 AM10suited
Good Morning all, wd elgaza good Trades!!

elgaza i have a question regarding the Ladder Settings. I found with your template my settings are different than your 'Right Ladder' settings. You often refer to the Ladder when exiting a trade. Please can you tell me what are your 'Right Ladder' and 'Extreme Right Ladder' Settings regaring 02. 03. 04. and why you do so? thanks
02-03-2014, 06:48 AMIl Quotidiano Gratis
Acme Volume Composite for Daily chart --> http://www.ZendZpace.com/file/e4epn9
ENJOY !!
http://my.jetscreenshot.com/19530/20...-omat-22kb.jpg
02-03-2014, 07:13 AM10suited
hi Il Quotidiano Gratis,
i see you have set your Daily to RTH hours.. i tried this for long no solution yet when i go Data Series, Session Template set to US Equities RTH.. nothing happens still showing all Data

thanks for the indicator.. already had this package and had loaded the dll... when i add the indi AcmeVolumeProfileComposite into the Daily i see only a a couple red and green Lines besides nothing.. can you help with the settings?
02-03-2014, 07:42 AMIl Quotidiano Gratis
Quote:
Originally Posted by 10suited  View Post
hi Il Quotidiano Gratis,
i see you have set your Daily to RTH hours.. i tried this for long no solution yet when i go Data Series, Session Template set to US Equities RTH.. nothing happens still showing all Data

thanks for the indicator.. already had this package and had loaded the dll... when i add the indi AcmeVolumeProfileComposite into the Daily i see only a a couple red and green Lines besides nothing.. can you help with the settings?
Right!!! I have to try US time
For indicator, you have to set Data Day... Which day the indicator have to show volume profile. Have put 1 year
02-03-2014, 08:17 AM10suited
Quote:
Originally Posted by Il Quotidiano Gratis  View Post
Right!!! I have to try US time
For indicator, you have to set Data Day... Which day the indicator have to show volume profile. Have put 1 year
yes i have the same settings as you it seems.. dont know why its not working on my daily chart... but ok i think its more important to see the profile on the shorter timeframes... thanks anyway
02-03-2014, 08:27 AM10suited
or maybe you could upload your template?
02-03-2014, 08:28 AMIl Quotidiano Gratis
Quote:
Originally Posted by 10suited  View Post
yes i have the same settings as you it seems.. dont know why its not working on my daily chart... but ok i think its more important to see the profile on the shorter timeframes... thanks anyway
mmm... Try to load 365 days
02-03-2014, 08:40 AMelgaza26
Good morning traders

I woke up this morning and took a look at my laptop that is always next to me remote connected to my office computer so I can see what's happening all the time

When I saw the level we were at I just knew we are going to have a good reversal here so I just took a long there, didn't want to miss it and therefore had to take a lot of heat against me on this trade, I don't recommend you doing it if you can't afford such heat and I had to leave home so I just watched it with my phone, I watched Market Profile and I knew I entered just a bit early but I was watching for the 71 area and was ready to take the loss if it went against me, it was very hard to believe this level will break so easily without a reaction from the market
My patient paid up.

15m:

Now if you expand you're 15m screen you'll see that 74 was the POR on Friday so that's why I just jumped it quickly, but I really had to wait a bit , it's just that I didn't have much time and had to leave home

http://uploadingit.com/file/cy2ynmm4rwzd4fmj/15m.jpg

Entry:

Here is my entry got both triangles to mark a double bottom so I went in
It was around 5am so I wasn't totally focused I guess.

http://uploadingit.com/file/lu3suslenfsshhpx/Entry.jpg

Exit:

My exit target was 80.50 2tks my usual spread, this time I took as much as Market Profile allowed me and didn't want to get out earlier, the momentum and the overall picture gave me the confidence to wait it out.

I got out so fast, you all saw the momentum we got here, I just went for a coffee and came back and saw my target is not on the screen, at first I was confused but when I looked at my PnL the confusion was gone.

http://uploadingit.com/file/7vnhxx2gjxl6epij/Exit.jpg

Took 6.5 points with 10 cars on this one, I’m happy cause I got some things to do this morning and this one will calm me down, lol

So what do I want you guys to take out from this trade is this;
You saw this kind of setup I take many times before, if you are one of those who follow me on this thread and watch and read all my posts, than you should be very familiar with this setup, now listen carefully to what I'm telling you now, cause some of you are going to make a great living from these tips I'm giving you and some of you are just going to say “WOW he's good, look how much money he makes every day, he wasn't kidding when he said he hardly lose” and go on to another thread to look for a crack for another indicator
Those of you who are smart and want to learn how to trade in a different level that what you are used to see or trade will engrave this kind of setup I just had here in their brain and next time they won't just wait for it, but they will look for it with anticipation, they are going to mark those area and have them in their head all the time for when they are going to be met.
Looking at indicators and signal won't make you a trader, you need to see and understand market context, and it's not that hard, these are things that have happened for the last 100 years and they will repeat and happen tomorrow too, if I were you I'd go and visit all my trades and learn those setups, write it down and not just admire them, but learn them, and try them with a demo account, I've showed you here so many different setups that are almost guaranteed to be in your favor, write them down and concentrate on those and practice them, watching with your eyes won’t do it, practice with 1 or 2 setups and master them, you will thank me eventually and you will get rewarded

Good morning to all and good luck

Elgaza

p.s. for those who missed yesterday post, I've updated the package and all templates are correct and tested so please refer to post #480 on page 48 on this thread
02-03-2014, 08:57 AMelgaza26
I don't have much time this morning but look at your 2tks chart and see the %85 RSI there
How many times did we have that kind of setup I ask you, and how many times you heard me that I drool when I see %80 or %20 RSI and look how the market plunged almost to the same place where I got in at 5am, I should have taken this trade if I had the time now, but you get the picture, this kind of setups just repeat themselves over and over again and again all day every day, no market profile, no lines, no fibonacci lines no special indicators or HVC or what ever, just simple setup that you could all just remember and take advantage of when it comes to your screen

OK good luck to you all
02-03-2014, 09:34 AMelgaza26
OK so I really have to go and do things but this is so addicting and it’s so hard to leave those great opportunities as they just come right at your face

Entry:

We just came back so fast all that way we did since morning, obviously the pressure is down so instead of taking another long here I just waited for a chance to go short instead.

http://uploadingit.com/file/4nyoispawqwa4dqm/Entry.jpg

Exit:

My aim was at 72.50 2tks away from what I think price will get to, but it didn’t quite do it for me this time, look at the volume bar here, didn’t want to take a chance so I just put a tight stop loss and took my $500, I feel better this way

http://uploadingit.com/file/j2kr4r62czkfaxm5/Exit.jpg

We still might see this 72 come to play soon most likely
02-03-2014, 10:02 AMelgaza26
Ya ya I know I should be gone but like I said it’s so hard, and especially when I told you that 72.5 should be me yet
So here is my 2nd run for what I missed on the first one then I got to get out.

Entry:

http://uploadingit.com/file/t6rn5jsuhnrmi5mj/Entry.jpg

Exit:

Manage to snap a pic right on my tick, he he
OK got me another 3.75 point here

http://uploadingit.com/file/5usio77yasz4s4ab/Exit.jpg

So last word for this morning before I go.
Guys you see since Sunday night and to this minute I made 17.25 points, and the amount of money makes no difference right now, what’s important is that I just use what’s in front of me and you have the same tools as I do, well maybe not the same knowledge yet but it will come, I was there too. this kind of trading my friends can be done by anyone the market is predictable as you see me making predictions day in and day out and they are pretty much on the dot or just about close to which is fine, you don’t have to be that accurate as I do but just get the feelings as to where the market wants to park next and jump on board, I know it looks easy when you see all my posts but it’s easy to me in a way cause I have practiced it, but it wasn’t in the beginning, you do the very same thing I did and you will get a the same results or better, I’m not the best out there that’s for sure, just a guy who takes advantage of the market

I hope my posts do good to some of you, so I don’t just waste my precious time writing so much, it takes a lot of me believe me, much easier to just trade quietly

Now I’m really going, hopefully and will come back later

Have a successful trading

elgaza
02-03-2014, 10:08 AMelgaza26
WOW we got to 65 area MAJOR MAJOR pivot here, it's the low of the day for few days ago if you look at your daily charts
I just had to go in one more time urgggg, I got to go
02-03-2014, 10:10 AMelgaza26
and we were there already last Friday so we are retesting this area, the question is how long are we going to see this run up or maybe not
02-03-2014, 10:10 AMelgaza26
OK bye for now
02-03-2014, 11:43 AMIl Quotidiano Gratis
From other thread we got other type of volume profile, i think this is the best.

http://www.sendspace.com/file/9ufz4r

Enjoy

Ps Elgaza i look you have edited your system... Why?
02-03-2014, 11:57 AM10suited
Quote:
Originally Posted by elgaza26  View Post
Good morning traders

I woke up this morning and took a look at my laptop
Now if you expand you're 15m screen you'll see that 74 was the POR on Friday
surely 74 ? my POR from Friday was 1778
02-03-2014, 12:02 PM10suited
elgaza, i found that you have added:

BPTAutoTrade.dll
BPTInstitutionalAutoTradeV2.dll

i dont have these.. also not found on the forum.... for what reasons? for me everything works without it
02-03-2014, 12:35 PMthaomoua
Quote:
Originally Posted by 10suited  View Post
elgaza, i found that you have added:

BPTAutoTrade.dll
BPTInstitutionalAutoTradeV2.dll

i dont have these.. also not found on the forum.... for what reasons? for me everything works without it
add link below
02-03-2014, 12:45 PM10suited
thx but cant confirm this.. have the package downloaded, in the Indicators Folder are 6 zip files but not the one BTP.zip you mention
02-03-2014, 01:06 PMthaomoua
My bad.

Here it is...

http://www.Zendsp@ce.com/file/g0daun
02-03-2014, 02:04 PMelgaza26
OMG, this is the wrong day for me to do things, but I couldn't help it, and still busy here, but I'm watching for the 36.50 if we get there
I'll answer questions when I get back with regards to the screens and what ever you want to ask

good luck and be careful out there
02-04-2014, 12:40 AMelgaza26
Hello traders, I hope you all had a good day today and made something out of this beautiful day we had, I wish I was here to take advantage of the market but, family comes first.

So the dump is continuing as we see and I don’t think we saw the end of it, I think we are still going to see 70p drop in the near future but that’s is yet to come

I don’t know if any of you were able to take profit in a day like that, it is not easy as it looks after the fact, you can have a beautiful chart and say I could have done this, but when you look at the current bar, you have no idea what to do and where it might go from there, we all go through this

OK so I told you guys that I was waiting for the 60.50 to come in play and I will watch (as much as I could from the phone) on that level, and the reason was, for those who didn’t realize it yet, if you open your monthly chart you’ll notice that last November bar is the one that parallel to our bar at this moment and it has a low of 1736.25 and we all know that the low or high of a daily, weekly or monthly charts are very significant, especially the bigger time frame
the bigger it is the more significant it is, so I put my buy order at 1736.50 and I got filled, the truth of the matter I was very surprised as to how low it went under that level, but I had no doubt that it will come back, as this is a well known trick of the institutions to wipe out all the stop losses and then retrace up, we see this kind of behavior in the morning at the opening bell quite often.
Anyway I still hold that position 36.50 long and I’m not sure how long I want to hold it for, this is so not my style to be a swinger I’m usually a scalper but on this trade I allowed myself to be a swinger, just because my personal matters I have to attend, so I just watch it all the time and looking at the market as a whole picture and where we stand now

So as I said I don’t know when I’ll get out from this trade but I think I want at least 10 points on this one as to have a 2 to 1 risk/reward ratio
The only thing is I don’t like is that I have to watch it all the time and I’ll have to use my friend again at night as I did already before once, other than that I think it’s worth it so far

Now one more point you need to understand and I said it many times before here
For me it’s just another setup, as I don’t think about it in money term, I try not to let it affect me, but you get used to it after awhile trading. anyway, so don’t get overwhelmed if you see that I took a 4 point heat, it’s all just risk/reward ratio, and I’m not next to my computer so I can’t be that dynamic.

OK so here is the picture, and we are yet to see the exit one hopefully if I’m lucky to be next to my computer.

Entry:

I put a stop loss now on 36.75 1 tick above, I know it may sound crazy to some of you who are not so familiar with swing trading but in reality to swing trader the put their stop loss way under their entry and they would call me crazy for keeping such a tight stop loss, well I’m not changing my style completely on this trade, but now that the RSI on the 15m started to go above the 50 line, I can’t take my chances again, cause if you paid attention it was under the 50 line the whole entire day, and as a matter of fact it just dragged itself on the %20 almost the whole day today, so if this run up is not going to make it, I won’t take any more chances

http://uploadingit.com/file/1iaxd6zxdmjb73ml/Entry.jpg

This time I wish good luck to myself as well as to you

Take care elgaza
02-04-2014, 04:30 AMwestvleteren
My current Volume Profile levels for those who have not yet these levels on their charts. These levels may change during the trading session !!!!!!!!! When volume is added, the levels may move some ticks.
02-04-2014, 04:37 AMwestvleteren
I am sorry for the bad quality of my last posting. I hope this chart is better readable.
02-04-2014, 06:27 AMwestvleteren
I keep an eye to 36 level. Is Low volume node and close to yesterdays POC. Plus market reacted before to the 36 area.
This is no guarantee that market will reacto on the 36 level - or that it will get to the 36 level.
Nobody knows what the market will do eventually; only the market knows.
02-04-2014, 07:34 AMwestvleteren
Market seems happy accepting prices around 39 area. Levels to watch 36 below and 41.25 above.
02-04-2014, 08:11 AMchonpz
Quote:
Originally Posted by thaomoua  View Post
My bad.

Here it is...

http://www.Zendsp@ce.com/file/g0daun
Hi thaomoua thanks for sharing!!!
where can I find BTP.zip
02-04-2014, 08:49 AMelgaza26
Good morning traders I have to take my wife to the doctor this morning so I'm going to miss this morning unfortunately
But the good news for me at least is that I chose not to bail out yet cause we basically had HH & HL and from that level it just has to react few points up, it's too major of a pivot to just go by like that, this is monthly low were talking about so I made the right choice to stay in
The truth of the matter is, if I was here I could flip it a couple time but I'm not and thats why I feel that at least I'm still getting a piece from this market
anyhow wish me luck here, I'll be watching it again from my phone like I did yesterday and be in touch with you for later updates

Good luck to you all

Trailing:

http://uploadingit.com/file/ubkt8abz...a/Trailing.jpg
02-04-2014, 09:01 AMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Good morning traders I have to take my wife to the doctor this morning so I'm going to miss this morning unfortunately
But the good news for me at least is that I chose not to bail out yet cause we basically had HH & HL and from that level it just has to react few points up, it's too major of a pivot to just go by like that, this is monthly low were talking about so I made the right choice to stay in
The truth of the matter is, if I was here I could flip it a couple time but I'm not and thats why I feel that at least I'm still getting a piece from this market
anyhow wish me luck here, I'll be watching it again from my phone like I did yesterday and be in touch with you for later updates

Good luck to you all

Trailing:

http://uploadingit.com/file/ubkt8abz...a/Trailing.jpg
Have good luck my friend ... Stay with your wife... Do not warry we are here ...take care
02-04-2014, 09:03 AMwestvleteren
Market reacted on 46 level - see my earlier postings
02-04-2014, 10:43 AMmoncar
what is the black dot line at 42.50 and 46. Thank you
02-04-2014, 10:51 AMwestvleteren
Moncar, I am sorry I was not more clear. I posted the blue chart that shows the high and low volume nodes of the volume composite. The market typically may react on the levels. One may say it is also MP related. If you keep an eye to those levels and use the Navitrader, one may trade off those levles with the odds more to your side. The levels change during day as volume is added to the volume composite. So it is hard to look waht happened in the past.. Here you see a chart of what recently happened. See how the market works on the levels. Imaging taking the trades with Navitrader.
So the black lines I add manually from my MP system which does not run from NT. NT has similar systems showing the levels.
Here is the chart.

02-04-2014, 10:52 AMelgaza26
ok I had enough of this market I just got out with 10 points not going to stretch it any longer sorry but can't take a pic and there is nothing really to learn from this trade,I wanted 10 points and thats it no MP or smart exit just had enough
02-04-2014, 10:53 AMwestvleteren
Moncar, so just trade the triangles once they occur when at a level. If triangles occur away from a level, just sit on your hands.
02-04-2014, 10:58 AMwestvleteren
For those interested: here are the current levels for ES. Again: they change during the trading day as volume is added to the volume composite.

Offline Sojourner

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Re: elgaza method
« Reply #43 on: March 12, 2014, 12:35:09 PM »
moncar
Thank you Westvleteren. It would be good to have those levels intraday.
02-04-2014, 11:35 AMwestvleteren
Moncar, Here is the daily level chart. I find the levels derived from just a day not as good as the levels derived from a longer timeframe. markets have memory that go beyond 24 hrs.

02-04-2014, 11:37 AMSignalTime
Quote:
Originally Posted by elgaza26  View Post
Good morning traders I have to take my wife to the doctor this morning so I'm going to miss this morning unfortunately
But the good news for me at least is that I chose not to bail out yet cause we basically had HH & HL and from that level it just has to react few points up, it's too major of a pivot to just go by like that, this is monthly low were talking about so I made the right choice to stay in
The truth of the matter is, if I was here I could flip it a couple time but I'm not and thats why I feel that at least I'm still getting a piece from this market
anyhow wish me luck here, I'll be watching it again from my phone like I did yesterday and be in touch with you for later updates

Good luck to you all

Trailing:

http://uploadingit.com/file/ubkt8abz...a/Trailing.jpg

How do you get the Current price marker Black dotted line
02-04-2014, 11:39 AMSignalTime
Quote:
Originally Posted by westvleteren  View Post
Moncar, Here is the daily level chart. I find the levels derived from just a day not as good as the levels derived from a longer timeframe. markets have memory that go beyond 24 hrs.

westvleteren,
Thank you for your posts. But can NOT read them because they are not hi res. could you please post hi res. Thank you.

And how do you know what levels are important
02-04-2014, 12:20 PMmoncar
Westv, In you MP chart, are you using TPO or Volume.
02-04-2014, 12:40 PMestabania
Quote:
Originally Posted by westvleteren  View Post
For those interested: here are the current levels for ES. Again: they change during the trading day as volume is added to the volume composite.

Hi .....

How many days your composite??

i can see that 1752 is very nice lvl HVN
02-04-2014, 12:56 PMelgaza26
SignalTime the price line is part of a package supplied in post #480 page 48

Westvleteren and all the others this is great that I come and see other posts I hope you’ll continue this
Westvleteren I see you also took a trade this is just great, please continue doing so, so other could learn from you

Came in for a couple of trade before I had to step out again

So on this one the institutions recognized the sensitive tick on the 60m chart and I recognized it too be for they even reacted, I shorted this and my target was 49, I didn’t quite get out, it was sitting on my tick but I had to bail out at 50 making 1.5 points on this trade
It’s good to be back in the action but don’t can’t keep staying long

60m:

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

Entry:

http://uploadingit.com/file/j8aecqnihiw8qubk/Entry.jpg

Now there could be a potential for another short at this level
02-04-2014, 01:00 PMtradernate
If you haven't found this yet...here it is http://www.sendspace.com/file/7zil7s

Quote:
Originally Posted by chonpz  View Post
Hi thaomoua thanks for sharing!!!
where can I find BTP.zip
02-04-2014, 01:02 PMtradernate
Does anyone know a NT7 indicator that creates either a volume or MP levels like this pic....West...thanks for sharing-Nate


Quote:
Originally Posted by westvleteren  View Post
Moncar, Here is the daily level chart. I find the levels derived from just a day not as good as the levels derived from a longer timeframe. markets have memory that go beyond 24 hrs.

02-04-2014, 01:16 PMStefco
Quote:
Originally Posted by tradernate  View Post
Does anyone know a NT7 indicator that creates either a volume or MP levels like this pic....West...thanks for sharing-Nate
Found somewhere else in this forum tradernate.
http://www.sendspace.com/file/43klda

http://xxx.r@nchodiner0.c0m/acme-studies/acme-volume-profile/
02-04-2014, 01:32 PMelgaza26
OK so shorted this one and I knew I would have a longer run than my first one

Entry:

http://uploadingit.com/file/yfex7idl8o9ioktk/Entry.jpg

60m:

My profit target as simply understood on this chart and you see how it reacted to this level

http://uploadingit.com/file/ricpvskc9la8qof9/60m.jpg

Exit:

I really got lucky here, cause when I checked again the 60m I was 1tk away and I did not give myself the usual 2tks I do, so I got lucky cause I placed my target before many others did and therefore got filled pretty quickly but I have to pay more attention than getting lucky, it could cost me more than 2tks or so
This could have been a perfect trade if I made 1 less tick, but it’s not just because I got lucky getting filled, this is how I measure myself, can’t rely on luck, got to do your homework and be precise
Well anyway got myself another 3.5 points

http://uploadingit.com/file/gu3s9qumlgra7whx/Exit.jpg
02-04-2014, 01:34 PMelgaza26
OK you'll need to look at you 60m chart for the support level as my target price is hiding it, and you'll see that my target is 1tk above instead of 2tks above, got to watch it next time, may not get as lucky.
02-04-2014, 01:38 PM10suited
Quote:
Originally Posted by elgaza26  View Post
SignalTime the price line is part of a package supplied in post #480 page 48

Westvleteren and all the others this is great that I come and see other posts I hope you’ll continue this
Westvleteren I see you also took a trade this is just great, please continue doing so, so other could learn from you

Came in for a couple of trade before I had to step out again

So on this one the institutions recognized the sensitive tick on the 60m chart and I recognized it too be for they even reacted, I shorted this and my target was 49, I didn’t quite get out, it was sitting on my tick but I had to bail out at 50 making 1.5 points on this trade
It’s good to be back in the action but don’t can’t keep staying long

60m:

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

Entry:

http://uploadingit.com/file/j8aecqnihiw8qubk/Entry.jpg

Now there could be a potential for another short at this level

hi all !! just came in red some posts and saw your trade.. have made exactly the same trade :)) and 3 others all winners all perfekt planned.. have learned a lot thx again elgaza.. would post pics but i cant figure out how to load them up
02-04-2014, 01:46 PMelgaza26
HEYYYYY 10suited this is just great I can't believe that someone out there is actually applying it and trying it
great, I'm very happy to hear that one more person is benefiting from all these posts, my work is not in vain I guess

so 10suited onto the next I guess, it's just that I have to leave soon again for a little while hopefully will get another setup

good news
02-04-2014, 01:48 PMelgaza26
this time I think it will break the 48.5 down most likely
02-04-2014, 02:02 PMelgaza26
Great so I hope you guys are learning too, not just 10suited and hopefully you are also applying it and making a better chance for yourself to become a better trader than most people you know

I mentioned right above that I’ll look for another setup to come and short again and I did just that

Entry

And I said that it will break the 48.5 one post above so it did, but I couldn’t ask for more than that cause I got to go now and I don’t want to manage it again from the phone
Those 3 trade I just made now totaling 7.5 points were so much easier and shorter than those 10 points that took 2 days

http://uploadingit.com/file/galjx5tebjseztoa/1.jpg

Exit:

http://uploadingit.com/file/uskizn5bmjwldg7q/2.jpg

well now that you see that I'm not the only one who can do these kind of trading, maybe you'd stop looking around and do some learning
look at all those trades and to apply them like 10suited did, you will get the same result and confidence as I have eventually

Good luck to you all got to run now for a little while

Enjoy
02-04-2014, 02:02 PM10suited
Quote:
Originally Posted by elgaza26  View Post
this time I think it will break the 48.5 down most likely
got short 47,75, trade went quickly 4-5 ticks green, but stopped out with a tick.. have set the stop to tight but hey i dont care and wait for the next setup
02-04-2014, 02:05 PM10suited
someone could tell me how to post pics please :)


we are back now in a rel. high volume range 47-43 look at the 6 ticks, i think better stay out for some time now


is it only possible to load pics from URL ?? i red the help they are saying klick the Reply to thread instead of only 'reply' then you can find an attachment button but i cant see it Heeeeeeeeeelp please :)
02-04-2014, 02:47 PMthaomoua
Here's my trade.

http://s18.postimg.org/l4tmb9du1/es_trade_3.jpg

The first picture is my setup and the second is the post-target.
Between the setup and the exit were some whiplashes and got me concern but eventually price went up and got me out. (sigh) Price still going up.
02-04-2014, 02:54 PM10suited
ok dont know why u made that trade.. i woudnt do it.. imy trade was going short on that HH on 49.. went quickly 3 ticks down but stalled and bailed out with 2 ticks.. better +2 than -3 or -4.. yes it whipsplashed a while here... loosk at the 15 and 60 we was at a deciding point.. so better got out before
02-04-2014, 02:58 PMthaomoua
Quote:
Originally Posted by 10suited  View Post
someone could tell me how to post pics please :)


we are back now in a rel. high volume range 47-43 look at the 6 ticks, i think better stay out for some time now


is it only possible to load pics from URL ?? i red the help they are saying klick the Reply to thread instead of only 'reply' then you can find an attachment button but i cant see it Heeeeeeeeeelp please :)
1. save your picture locally
2. goto http://postimage.org/ and upload your picture
http://s28.postimg.org/x9a0gxnjh/image.jpg
http://s7.postimg.org/nzvq8eosb/image.jpg
3. back in your message, click on the 'Insert Image' icon (hover the cursor over the icon and a quick tip will appear showing you what the icon is)
4. paste the link you just copied into the popup window's URL
5. before you post the message, click on 'Go Advanced' to show you a preview of your message
6. when ready, submit your post

Hope this helps.
02-04-2014, 03:00 PMfedya9568
Quote:
Originally Posted by elgaza26  View Post
60m:
My profit target as simply understood on this chart and you see how it reacted to this level
Hi elgaza, you mean this level was previous resistance?
02-04-2014, 03:03 PMthaomoua
Quote:
Originally Posted by 10suited  View Post
ok dont know why u made that trade.. i woudnt do it.. imy trade was going short on that HH on 49.. went quickly 3 ticks down but stalled and bailed out with 2 ticks.. better +2 than -3 or -4.. yes it whipsplashed a while here... loosk at the 15 and 60 we was at a deciding point.. so better got out before
Still learning. Got to risk $ to make $$$. :) Just noticed my 15/60/daily charts are not showing any SR/pivot lines.
02-04-2014, 03:07 PM10suited
Quote:
Originally Posted by 10suited  View Post
ok dont know why u made that trade.. i woudnt do it.. imy trade was going short on that HH on 49.. went quickly 3 ticks down but stalled and bailed out with 2 ticks.. better +2 than -3 or -4.. yes it whipsplashed a while here... loosk at the 15 and 60 we was at a deciding point.. so better got out before
got short 50,75 saw the huge volume bar and the reversal in the 2 ticks and we are at resistance near the highs.. stop 53,50 hope i can slide it down quickly

bailed out again as the volume up were even higher, lost the commission no prob :)
02-04-2014, 03:12 PMelgaza26
This is just great, I love it guys, now it's two not one that are posting their trades I give you credit guys for doing so

Now don't lose focus of the market, we are still in a bearish market, don't let this run confuse you here
02-04-2014, 03:14 PMelgaza26
Look at your 60m charts and see how we were just grinding it up, this is normal behavior for a retracement, this is not a reversal
02-04-2014, 03:15 PMelgaza26
I'll be looking for shorts better than long in these areas, well that's IMHO
02-04-2014, 03:16 PMelgaza26
I wouldn't be bit surprised if we see the 40's soon
02-04-2014, 03:24 PMelgaza26
I bet you, those buggers are collecting now all our money just to dump it on us again
02-04-2014, 03:27 PM10suited
JUST GREAT.. :) got short again at 50.25.. went down first quickly a point but then came back to my entry and 2 ticks down.. was lucky because may stop was 2 points away still.. but then it went down to my perfekt exit at 48.25 so +2 Point again
02-04-2014, 03:28 PMelgaza26
1717.5 would be the next major stop where they are going to collect lots of money to go up again, and I don't mean small moves like we see today, but in the much bigger scope
02-04-2014, 03:33 PMelgaza26
you know I was watching the market from my phone and was actually rushing home just to short the market
and look at that, when we were at the 50s I said we are going to see the 40s, we are now at 44 and it's not stopping there my friend
this is so predictable guys you should be seeing this, I don't have a little angle that whisper this to me here
02-04-2014, 03:38 PM10suited
just as you are tooo confinet it stops at 44 :) i made a good trade went out at 48 with 2 points just to see seconds after it rushed to 44.. but i dont care can make money all the time :) we are back at 50 wow
02-04-2014, 03:39 PMelgaza26
yup so I got home alright and shorted it as soon as I walked in, and got it pretty much from the top, as shown there

Entry:

http://uploadingit.com/file/wly5ap6l5bi52q7r/1.jpg

Exit:

I did not expect them to stop their but really at the next big cluster at 40's well but when saw that on the ladder, I just closed the trade, so sorry for not having an updated up to the tick pic there, it was fast as you saw it yourself

http://uploadingit.com/file/adanxywmtsdrquoz/2.jpg
02-04-2014, 03:44 PMexp48967
I shorted 3:

http://uploadingit.com/file/wn01hz7g...2021.30.51.png

http://uploadingit.com/file/r04gffu7...2021.42.51.png


I cant get my ladder template working as your, Im using the old.

Cheers
02-04-2014, 03:47 PMelgaza26
post #480 page 48 is updated go and download it
02-04-2014, 03:49 PMelgaza26
look at the 15m chart it's like a comb, gona be very hard to break this
02-04-2014, 03:50 PMelgaza26
are we facing another Niagara Falls?
maybe or maybe not
02-04-2014, 03:51 PMexp48967
I got it but not printing :( I'm learning on the old ;)

May be my old computer when I open your latest workspace I can't enlarge any window and if I load the template on my workspace it doesnt print.

Thanks
02-04-2014, 03:52 PMelgaza26
in a few minutes now we should see the institution fighting on the ladder as usual so heads up it's gonna be ugly I think

Offline Sojourner

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Re: elgaza method
« Reply #44 on: March 12, 2014, 12:35:54 PM »
westvleteren
@Signaltime: You are right. My charts are not clear. I will try out a new service to publish them as this jet screenshot seems not to work for me (or I do not know how to use it - I think that is the case).
@Moncar: These are Volume based Profiles. For trading I use a chart with both Volume and Time based profiles.
@Estabania: There is appr one year of data in this volume based profile. Why one year? Well, I want to cover the past in the current levels we are in now. If I go back appr. one year I cover all from appr. 1630 to 1830 and in between. On some other isntruments and charts I can have multiple years of data.
@Tradernate: For the NT based solution of the volume and the levels, please see post 1533 of this thread.
02-04-2014, 03:54 PMexp48967
start pushing
02-04-2014, 03:56 PMelgaza26
you need to down load again and take the "VolumeLadderMetroEdition" file from the templates\Chart folder and place it in your templates\Chart folder in you "My Document" folder under Ninja Trader 7 folder
good luck

look at that market could you believe that fall we just had and the come back, these things are close to impossible to predict
02-04-2014, 03:57 PMelgaza26
Ya it's pushing but only until the baby comes out, then it's Niagara Falls again
We are still in a bearish market, I don't see ANY signs of strength in the market yet
02-04-2014, 04:02 PMelgaza26
the 60m RSI is barely breaking the 50 line up, and the 15m is on the verge of breaking it under the 50 line again, but we will soon see
I think we are about to see more dumping until we get to 1717.75, well it's still a long way to go though
BUT don't act upon it, there are long setups to take as well as short on any direction, we just have to have the heads up and not to expect long runs on the opposite direction
02-04-2014, 04:05 PMelgaza26
here it is the banks are fightings watch out
02-04-2014, 04:06 PMelgaza26
40's again this time?
maybe we'll soon see
02-04-2014, 04:07 PMwestvleteren
@signaltime. Here are the current levels. Can be used to prepare next trading day. Also test to see if the new uploader gives better picture.

Picture does not get visible. I do not know why. Here is link http://uploadingit.com/file/view/7xb7y8ytvl225ilz/Levels.png
02-04-2014, 04:07 PMelgaza26
come on guys don't you just love this job
doesn't it feels great to take money from those institutions for a change, he he
02-04-2014, 04:09 PMexp48967
can you explain the ladder here:

http://uploadingit.com/file/oabyao1u...2022.07.49.png

I know is at the end of the session but what do u think?
02-04-2014, 04:09 PM10suited
hey guys great day!! made 9 Trades some Longs first then shorts... 8 Winners and on 1 lost the Comm.
My Acc is growing since i read your thread :) i learned to trade with a method.. i learn to take trades if they are going wrong very quickly.. and i learnd how to ENTER and to EXIT great stuff here elgaza.. would like to drink some beer with you now :)
02-04-2014, 04:11 PMexp48967
Hope to be soon in the party :D
02-04-2014, 04:13 PMexp48967
Niagara falls again.
I need explanation referring to last ladder picture I posted, if possible.
02-04-2014, 04:16 PMelgaza26
before I post my trade I really want to congratulate 10suited for an amazing progress he's doing here, you guys can do the same and now you see that every thing I told you for the last month is no joke but a money making machine and a very good one I might just say

10suited how long have you been trading already?
02-04-2014, 04:36 PMrajafx1
Elgaza, previously you were using 2 tick reversal now i see it is 150 tick om point & figure chart,. Did you changed the settings?
02-04-2014, 04:37 PMelgaza26
Great so I hope you guys are benefiting from those trading like some of you already are
And making money with it, I gave the heads up way in time when we were again in the 50’s that the market is very bearish and I don’t see any signs of strength, I was looking for another entry for a short and it came

Entry:

Got in with 10 cars cause I knew we are about to test the 40’s area again, I mentioned it few times already for those who are just joining us here

http://uploadingit.com/file/5cwopo7adqwf04qb/Entry.jpg

Trailing:

As with the last trade I did not know how far it will get and when the buyers are gonna come in and win the fall, so I decided to trail it down this time and was able to take a picture

http://uploadingit.com/file/ekxq61yb...p/Trailing.jpg

Exit:

I just put a very tight stop loss here cause they are fighting big time and they won’t let it go that much if they could do something about it, otherwise the buyers will win so I just want to be out before that

http://uploadingit.com/file/4asthqqrf1yunz3s/Exit.jpg

So now traders have I shown enough, did you see trading with such rate of success and such return on your money, now you understand why I live, breath and sleep with this, cause I love the challenge and it’s fun and not taunting as it used to be in the beginning, do yourself a favor and understand this:

I don’t sell anything here, and I have nothing to gain if you apply this method or not, nor will I know how you ended up to be, the only thing I get from this is a satisfaction that someone and even if it’s only one person got the help he/she needed to make it in this market, cause I didn’t have that kind of help as I was learning so take it or leave it

Today’s trading summary:
Including the trade that lasted two days but finalized today

contracts:   Points:    Profit:
20    10    $10000
5    1.5    $375
10    3.5    $1750
10    2.5    $1250
10    5.75    $2875
10    5    $2500

6 trades, 28.25 points, $18750 profit (commission has to be taken off yet)
This is not a dream it’s a reality and I show this almost every day here for those who follow this thread

Good luck to us all

Elgaza
02-04-2014, 04:42 PMSignalTime
Quote:
Originally Posted by elgaza26  View Post
Great so I hope you guys are learning too, not just 10suited and hopefully you are also applying it and making a better chance for yourself to become a better trader than most people you know

I mentioned right above that I’ll look for another setup to come and short again and I did just that

Entry

And I said that it will break the 48.5 one post above so it did, but I couldn’t ask for more than that cause I got to go now and I don’t want to manage it again from the phone
Those 3 trade I just made now totaling 7.5 points were so much easier and shorter than those 10 points that took 2 days

http://uploadingit.com/file/galjx5tebjseztoa/1.jpg

Exit:

http://uploadingit.com/file/uskizn5bmjwldg7q/2.jpg

well now that you see that I'm not the only one who can do these kind of trading, maybe you'd stop looking around and do some learning
look at all those trades and to apply them like 10suited did, you will get the same result and confidence as I have eventually

Good luck to you all got to run now for a little while

Enjoy
Elgaza,
I still dont get how you choose your exit point.. Is it 2 tk before low volume also 4 tk before poc.can explain please. thank you
02-04-2014, 04:54 PMelgaza26
My exit on this one was based on Market Profile
Sometimes it's based on supports and resistance on different time frame as well

Guys I want you to remember something very important here

the #1 priority for any kind of line system out there, may it be moving averages, peach forks, Fibs levels and g-d know what else you are using there, but the #1 priority are always to be given to horizontal lines coming from previous legs, after that if you still want to look at your lines than anything else is secondary

If someone thinks I'm wrong here, I'd like hear and be proven wrong, I wish someone would prove me wrong already cause then I'd learn something new not just teach

OK great day we had today even though I wasn't here most of the day but we manged to squeeze something out of this market
02-04-2014, 04:57 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
post #480 page 48 is updated go and download it
I friend i saw you have found my old link for DB, so i didn't get time to test DB on ES.
What do you think about?
The DBvolumeProfile is better than gomiMP... It is sure!!!
So which upgrade have you donne on your pack?
02-04-2014, 05:03 PMelgaza26
I dont use the DB but Gomi and now I use Acme Volume Profile Composite
02-04-2014, 06:11 PMrajafx1
Quote:
Originally Posted by rajafx1  View Post
Elgaza, previously you were using 2 tick reversal now i see it is 150 tick om point & figure chart,. Did you changed the settings?
Still waiting for the answer?
02-04-2014, 06:20 PMelgaza26
rajafx1 thank you for pointing it out to me, I just changed it back to 2

Good eyes
02-04-2014, 07:00 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
I dont use the DB but Gomi and now I use Acme Volume Profile Composite
if you want to try... i think this is better than acme composite... here there is IB... --> http://www.sendspace.com/file/9ufz4r
02-04-2014, 07:01 PMelgaza26
Il Quotidiano Gratis thank you I'll try it now
02-04-2014, 07:09 PMthaomoua
Off topic...

If I capture only a few hours worth of GOM data vs someone (like elgaza) who collect it 24/7, will the GOM displayed on my chart be different? Can the collected GOM data be shared?
02-04-2014, 07:13 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis thank you I'll try it now
Thank you to YOU !!!! for your work here!!!! Enjoy!!!

http://my.jetscreenshot.com/19530/20...-aif9-83kb.jpg
02-04-2014, 07:17 PMelgaza26
Il Quotidiano Gratis I have to admit that it's very interesting and I have to check it out in the settings, but I like it already

thank you very much
02-04-2014, 07:22 PMelgaza26
Il Quotidiano Gratis there are so many features to this indicator, do you know how to setup to show lets say on a daily chart, the bar profile and the total profile on the right?
02-04-2014, 07:24 PMelgaza26
and no numbers or lines on the screen, just pure Market Profile of the bars and the total on the right, how do I get that to plot
02-04-2014, 07:28 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis I have to admit that it's very interesting and I have to check it out in the settings, but I like it already

thank you very much
this VP have same setting for composite like Acme there are many difference, another important one is it doesn't need to put any data to load days to show total profile....XD

i have red up to 102 .... you write more then i can traslate and understand ahahaha
ENJOY
02-04-2014, 07:31 PMIl Quotidiano Gratis
Quote:
Originally Posted by elgaza26  View Post
Il Quotidiano Gratis there are so many features to this indicator, do you know how to setup to show lets say on a daily chart, the bar profile and the total profile on the right?
if you go inside the setting's indicator there are many voice...

-total profile got name composite
-bar profile got name session
-micro profile i don't know because at momento i don't have interest for

just guess for me i am not expert...

here template http://www.sendspace.com/file/l2uboe
this i have put for daily chart only total profile to right... like this

http://my.jetscreenshot.com/19530/20...-jq8w-57kb.jpg

i am gonna sleep... enjoy bye all one
02-04-2014, 07:35 PMelgaza26
thank you so much
02-04-2014, 08:22 PMSignalTime
Quote:
Originally Posted by thaomoua  View Post
Off topic...

If I capture only a few hours worth of GOM data vs someone (like elgaza) who collect it 24/7, will the GOM displayed on my chart be different? Can the collected GOM data be shared?
Without continuous capture GOM will not have complete data. but B+ M+ T has a tool called babar which will convert iqfeed like data to gom. If you can get it please share
02-04-2014, 09:33 PMelgaza26
So how many of you watched the market since the closing bell?

I did, and you have to understand market moves to see how this market just wants to plunge, so I shorted it right before the close and just waited for it to go to my target price

Entry:

http://uploadingit.com/file/qawt8u4pgyzjwvn1/Entry.jpg

Exit:

My target was 40 this was a big cluster if you watch the 15m chart

http://uploadingit.com/file/xftenqooly4ixmtu/40.jpg

Got me another 4.5 points this trade totals my trades for today with 32.5 points and all I do is the same thing again and again over and over day in day out every day as you can see, I just repeat the same setups and they just work, nothing else nothing more.
02-04-2014, 10:13 PMelgaza26
Il Quotidiano Gratis I love this indicator it's much better than the AcmeMarketProfileComposite, thank you very much, I'll be dumping the Acme
02-04-2014, 10:24 PMelgaza26
I just posted templates for this great indicator on post #480 page 48 at the end of the post in Updates:
The indicator is posted in one of Il Quotidiano Gratis previous post

Enjoy
02-04-2014, 11:13 PMmastertrader7
I followed all the instructions in the PDF of the TheCompleteTradingStrategy package.
Cant get the charts to work as they should be working.
I cant see the ladder and the GOM profile.
Maybe the problem is with my ninjatrader version?
I have the latest version 7.0.1000.21



http://i138.photobucket.com/albums/q...ps0d34e868.jpg
02-04-2014, 11:17 PMelgaza26
mastertrader7 you don't have any problem and everything is just fine, the ladder and the Gom package are one that needs to build up their data, if you followed the instructions and applied the market analyzer you should be fine but remember before you see any data it needs to build up

I advise you to load the indicator posted few posts ago by Il Quotidiano Gratis, this one does not need recording and I posted an update template on post #480 page 48

good luck
02-04-2014, 11:20 PMelgaza26
Here is another one for you

2tks chart is under %20 and going up

Entry:

Cant expect much from a down trend so I just take whatever Market Profile gives me

http://uploadingit.com/file/b8h9iyed7oafm4ni/Entry.jpg

Exit:

And look at that I got filled and price went 1tk above me and retraced right down making this a PERFECT TRADE yet again.
You see, my profit target was 1.75 point and not a rounded number, I only take what I can and safely. and as you see usually I take the whole cake

http://uploadingit.com/file/vj9uterfs05hifj3/Exit.jpg

I’ll be frank with you and it may sound a bit strange but it gets boring sometimes like right now
And market continues to go down, I just don’t care anymore and I’m gonna call it a day and go and watch something now
So good night to you all and good luck

Elgaza
02-04-2014, 11:49 PMrhv
Thanks for the insight thoughout the day. On the last trade I saw the RSI below 20. You didn't enter at that point. So you were drooling at that point. Were you waiting for confirmation to break 1739 or were you looking at some other indicator to confirm the entry. Im guessing you were waiting for the RSI to cross the 50.