A trend trading question

Quote from jack hershey:

There are two more trading fractal moves coming up to complete the three slow fractal moves on the slow fractal. the slow fractal had a dominant move up and a non domint move down. we are into the last move of the slow fractal.

Move 8 is a "dip" or small retrace. It is seen as a failure to go short and volume is decreasing during move 8.

Volume returns and no wall is in site to the north. There is nothing in the way of the final dominant move 9.

By annotating the various levels of fractals. you see the slow fractal contains trading moves 1, 2, 3 as a long segment and moves 4, 5, and 6 as a short segment. connect up the RTL and add the LTL of the slow fractal.

The slow fractal ENDS with move 9 (dominant) and price does NOT reach the the LTL of the slow fractal container.

With the turtle (options based rules) you got in on move 3 and held until the end of move 9.

As suggested, there are better trading approaches than the Turtle "nurture" successful operating approaches.

Use bars to build move containers. Use these fast containers to build slower containers. Benefit: you always see the FTT's at the end of a container. Also annotate volume. dominant moves end on peak volume; non dominant moves end on troughs. Volume leads price so you add Pro Rata Volume shadow to volume so you know peaks and troughs at beginnings of bars instead of ends of bars. On a 5 min chart you are 5 minutes ahead of the turn, usually.
Now you know why the Turtles lagged in trading behind smart money. BUT tutles do get there when running against rabbits. Rabbits are “freakou”t traders which have been used in these blow by blow descriptions.
Welcome to the beginner world of trading.
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Jack, you are being very specific recently in your posts and it is very appreciated. Might you suggest a start to look at your material given the refinement over the years,

thank you.
 
Quote from Kyoto:

Well, it looks like trendless surfer nailed this drop in real time before the fact. What calls have you made, professor?
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The call is...that you,at noon,go and kiss your reflection in the mirror....as usual...
 
Quote from Kyoto:

Well, it looks like trendless surfer nailed this drop in real time before the fact. What calls have you made, professor?
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I trade a real account not write a blog on a site I have problems paying for and shill for pump & dump hedge funds.

Your YM call so far is decent but it no way makes up for your train wreck of a Euro/Dollar long (among many others) that you wouldn't even post an exit on, it was so bad.

You need professional help with your obsessive need to come back in this site after being repeatedly banned for months.
 
Quote from ProfLogic:

I trade a real account not write a blog on a site I have problems paying for and shill for pump & dump hedge funds.

Your YM call so far is decent but it no way makes up for your train wreck of a Euro/Dollar long (among many others) that you wouldn't even post an exit on, it was so bad.

You need professional help with your obsessive need to come back in this site after being repeatedly banned for months.
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not surf, just someone who recognizes good market insight. You Need to read this call and understand what he is saying. Anyone would be very wise to listen to him. He has proven himself over and over unlike those who sell courses etc. http://tinyurl.com/Faberagrees
 
Quote from Kyoto:

not surf, just someone who recognizes good market insight. You Need to read this call and understand what he is saying. Anyone would be very wise to listen to him. He has proven himself over and over unlike those who sell courses etc. http://tinyurl.com/Faberagrees
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Listen to someone that can't trade, can't pay whis website bill on time and shills for pump & dump hedge funds . . . right.

Bye Bye
 
Quote from ProfLogic:

Since each chart is read independently, why would you read the cycle on one chart and then arbitrarily apply "that" trend to an entirely different and faster incremental chart?
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WHAT?!?!

Trends are functions of supply and demand and yes if you see see an equity coming into a supply area in a 30 min or daily chart you really should think twice about taking a long trade on a 1 min chart just because on the 1 min it looks like it should be going up. You absolutely SHOULD consider multiple time frames.
 
Quote from Maverickz:

WHAT?!?!

Trends are functions of supply and demand and yes if you see see an equity coming into a supply area in a 30 min or daily chart you really should think twice about taking a long trade on a 1 min chart just because on the 1 min it looks like it should be going up. You absolutely SHOULD consider multiple time frames.
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I agree with you on your point regarding supply & demand.

I agree with you on multiple time frames as well. I've been trading multiple time frames for 15 years.

My point is that the equity information coming into a supply area in a 30 minute chart is specific to that chart. There could very well be excellent buying opportunities on a minute chart based on the specific information being created there. Those buying opportunities on the one minute chart show up as minor retracements on the 30 minute chart. One should never ignore the information coming in from the longer term chart because that information is stronger, being that it was created over a longer term period of time but one shouldn't ignore the shorter term opportunities presenting themselves on the faster one minute chart either. If one likes to trade those faster environments.
 
I am very happy the professor posted this. It clearly shows the bad effects of hindsight bias that damages many traders. He states that the longer a price series run continues the stronger it is, meaning the more likely to continue.

This is totally wrong and illogical. The professor has fallen into the common trap. Length of directional movement had nothing to do with strength. It's time these market myths are put to rest.
 
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