Principles of structure,gearing, rythm, symetry and the use of some tested indicators

This is a discussion on Principles of structure,gearing, rythm, symetry and the use of some tested indicators within the Trading Delta Cycles forums, part of the Specialists' Corner category; Fibonacci Retracements and Extensions. Very good at providing some likely targets in PA. It is important to get the correct ...

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Old Feb 9, 2016, 3:35pm   #16
2be
 
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2be started this thread Fibonacci Retracements and Extensions.

Very good at providing some likely targets in PA.

It is important to get the correct points from which to draw the Fibs.
It is important to identify the first move and the subsequent moves.
For intra day I use the semaphore indicator just to make it easy and for instant recognition. Have added that semaphore indicator to the posted H4 chart to illustrate these points.


Draw fibs with both Retracements Levels (RET) and Extension levels (EXT) added to the Fib drawing tool on any charting software, including MT4.
For an easy recognition I marked them as RET and EXT together with the Price indicated next to them.

Fibs drawn from every subsequent move indicate the important levels of RET and EXT , they are all useful and have to be interpreted accordingly.
I use different colours for the fibs drawn from different points of reference.

I look for clusters of the drawn fibs and mark them accordingly.

Please do not confuse Fib RET and FIB EXT with the Alternative Price Projection (APP) or Fib Expansion as it is known on MT4. I use APP as well as described by Robert Miner in his books but for clarity I have not drawn them on the posted chart.

All these tools are used on all TFs.

Added M5 chart showing Fib 224 ext (almost) reached
Please note the Divergence which gave a good opportunity to go long for intra day trade. Please google Bill Williams, there are some good recordings on Utube.
Price is the last thing that change says Bill Williams - that is certainly true at specific times and levels.

"Because momentum always changes direction before price, we say the AO is like reading tomorrow's Wall Street Journal." (1998) Bill Williams
Also +/- previous day's US close indicated as "war zone" was of some guidance.
Attached Thumbnails
dax-h4-2016-02-09_134526.png   dax-m52016-02-09_153436.png  
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A Trading Plan - You MUST Have One! http://www.trade2win.com/boards/home...ave-one-7.html
Outside of Trading Plan and Strategy there is chaos I am often tempted to explore but not with my trading capital!
When NOT TO TRADE is important, or even more crucial than to know when TO TRADE.
There is no trading without risk, do not think otherwise.
Without being stupidly greedy - grab what you can!
Without being too afraid - lose as little as you can!

Last edited by 2be; Feb 9, 2016 at 6:12pm.
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Old Mar 7, 2018, 1:29pm   #17
2be
 
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3_Level_ZZ_Semafor

2be started this thread 3_Level_ZZ_Semafor - some useful insights

I have been using this indicator for a long time.
TRO (Kreslik) sometimes ago has programmed many additional features, and also posted short recording about the misconception/s regarding that Indicator.
The main complain that many raise against it is that it is highly unreliable and badly repaints. Thanks to such attitudes and criticism we have a buoyant market
If you go near the railway line, near the railway station, and see the old type semafors (semaphores ) or more modern signal lights, have you ever seen a train in front of it?.
Some trains stop, and wait, some slow down, and others just rush trough it with a good speed.
Have you ever sen a train reversing at semafor (Signal lights)?
Likewise, the track is kept safe, no go, or red lights have to change to GO/GREEN, interestingly nobody complains about repainting!!! Indeed one would complain if the semafor did not repaint.
Similar is true about this useful indicator.
On many occasions when the semafor repaints, it makes your profits grow, it prints cash. Why would anybody complain about such repainting - I do not understand!

Friend of mine who programmes my indicators described 3_Level_ZZ_Semafor as 3 zigzags put together and there is an interaction between them on a given TF.
Zigzag indicator uses fractals, so automatically does so semafor, being a compiled version of zigzags. The gearing is 5/13/34 candles/periods plus some additional percentage calculations.
On a single TF the gearing element is present.
When adding to it different TFs gearing, the picture becomes more complete.

Unlike trains that never reverse at semafors, PA for obvious reasons SOMETIMES reverses.
Statistically there is much smaller number of significant reversals than repainting, signalling continuation, on a given TF.
The wrong application of this indicator rises when traders are not able to identify whether it signals continuation, stop, stop and close the trade or establish protective Stop, or signalling a more significant reversal.

Trough observation I have identified some scenarios when it signals a possible reversal, either for scalping, intra day position or a position on a longer TF.

One of the useful approaches I use is - Angulation - as described by Bill Williams, this is one of the reason I use Alligator, to "clutter my charts.
Have posted an example of M5 DAX , notice the time factor, Frankfurt open (yellow line), Gap scenario, Semafor (Yellow 3) touching BB set to SD3, VSA - possible selling climax printing, at FR open (added to the long established late in the evening (opportunistic trade due to the news release (manipulation), SC soon confirmed, followed by another SC soon after London Open, added another Long position and travelled up near the round number. As the position war larger I closed the position with a good profit. Similar on DOW, which made good pips also, though I added much less on DOW. This morning trade I would call scalps - bordering on intra day.
They were executed on M1, but charts on M5 and M30 have been opened and closely monitored at that same time.

Structure - Gaps - Gearing between different TFs, MAs- Sochs - angulation - M-candles, 3_Level_ZZ_Semafor and awareness of different time related opportunities, like London Open. As I type another position trade on DAX closed by hitting PT established at the level of yesterday Fr close

Back to semafor, it more often repaints pointing to contination.
For reversal there have to be strong reasons, multiple reasons and confirmed by whatever tools one is using.

It takes time, patience and skill to get the pips. Worth to remember that.
Trading is not like making instant coffee.

Hope I have not bored you too much.

Good trades to all,

2be

Time to go long on coffee
Attached Thumbnails
dax-m5-angulation-2018-03-07_120949.png  
__________________
A Trading Plan - You MUST Have One! http://www.trade2win.com/boards/home...ave-one-7.html
Outside of Trading Plan and Strategy there is chaos I am often tempted to explore but not with my trading capital!
When NOT TO TRADE is important, or even more crucial than to know when TO TRADE.
There is no trading without risk, do not think otherwise.
Without being stupidly greedy - grab what you can!
Without being too afraid - lose as little as you can!

Last edited by 2be; Mar 7, 2018 at 8:29pm.
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