KISS like McGrath

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Ajax

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Today was a tricky day for Trend Trading
Although personally made good profits by my understanding of MP

The chart shows possible trades by Pivot Trend method & tweaks

Long above 5mHi.... This period may be enhanced to 10-15m
as produces whipsaws
Swift downmove>> first PL of day >> near tripple bottom.. point 3
Can go long here
Swift up move >> followed by PL ( but no PH in between)
Exit @ 4 to preserve profits
Short below 5 after lower PH >>>> cover @ 6

Series of rising PL from 7 -8 -9 and near previous 3
GO LONG CONFIDENTLY ABOVE POINT 9
AGAIN SERIES OF PL AT 10
Exit in profits at 12
 

Ajax

Well-Known Member


09 05 06 Pivot Trend Trade

Straight forward.. Long trade :cool:
No shorts possible by strict method (though appears tempting in retrospect)
Mini flow allows for reverse shorts :thumb:
Those who identified wolfe on higher TF (external s/w)
could reverse right at the top risking small amounts of profits from longs

:thumb:
 
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Dear Ajax,

Have you posted the rules on which you take trades ? Would like to study them....

In 5 min TF there are too many small pivots...how does one avoid reversal on them ?

I trade a similar system but different logic on 10 min TF....it eliminates much of noise which comes in 5 min TF... The system's trades today :

1) Long at 3673....sell at 3708 Profit of 35 points

2) Short at 3708......cover at 3641 Profit of 67 points

Just 2 trades today ....total 102 points

But some days this system gets too messy....so would like to improve it with inputs from your trading rules if possible..

Best Wishes,

Smart_trade
 

Ajax

Well-Known Member
Dear Ajax,

Have you posted the rules on which you take trades ? Would like to study them....

In 5 min TF there are too many small pivots...how does one avoid reversal on them ?

I trade a similar system but different logic on 10 min TF....it eliminates much of noise which comes in 5 min TF... The system's trades today :

1) Long at 3673....sell at 3708 Profit of 35 points

2) Short at 3708......cover at 3641 Profit of 67 points

Just 2 trades today ....total 102 points

But some days this system gets too messy....so would like to improve it with inputs from your trading rules if possible..

Best Wishes,

Smart_trade
Off-course - tight pivots cause a problem. Found a solution by visually
measuring the angle of retrace.. If acute.its a reversal, else a pullback
I will post the rules by the end of week.

As I said strictly by HH & LL rules, cannot take the short trade of today.
But if I switch on to Mini flow later in the day .. its possible.
I have interest in wolf waves and that would allow for reversal
right at the top.

Possible figures: 51 in long strictly by Pivots
67 by switching to Mini flow / > 100 by wolfe
And we have not talked of 'add' at all

Since we are only looking at the price, why not fuse all similar methods
to get all the juice from the trade :thumb:
 

Ajax

Well-Known Member
:thumb:
Ajax Sir,

Is this correct, If not, can u point me where I was wrong.

Thanks


All ratios appear fine, symmetry is good. Only thing is that the
whole structure is slanting down. and looks like a flag which has
failed. I prefer wolfe in direction of trend. See my post on NF wolfe
Also see those posted by winstonn. :thumb:
 
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