My trading style (MARKET WAVES)

TO BE HONEST .... I'M not a real time trader ..... and about 2 posts today intraday .. The purpose was to show the importance of Multiple Resistance .... or Test areas on a given market chart ... The same things that are being highlighted End of Day and Weekly charts ,also happen in Real Time ......

My Trading Style ?

#1 Find multiple support areas on ..... Weekly and Monthly charts ....
( They will be more reliable, than on Daily or Intraday charts because of
what's called Market Noise... that occurs Intraday ... )

# 2 Buy , when a market is sitting on what appears to be multiple support and coordinate this with Fibbonacci Retracement levels...
(If .. you don't know what a Fibonacci Retracement level is THEN
Resaerch this topic on your own,,, )

# 3 ,, STAY AWAY FROM BREAK - OUTS ,
ITS TOO LATE !


To sum this all up ,,,, What I look for Visually, in all of this , is for a break- out through a resistance line and the a pullback..
(BULLISH SENERIO )

When I say pullback ,,, it also means TEST ,.......
Or in other words , the retest of an old resistance line ....
Because ,that's what it appears to be doing... which is retesting the old Resistance line area ..


BREAK-OUT THEN THE PULLBACK ... (TEST AREA )

This theory is no diffrent than traders who make momentum plays off of lets say a 20 day or 50 day moving averegaes ....Just look at Google is in a strong uptrend .... any dip below a 20 0r 50 day average ,, because its in a strong uptrend,,,,, it presents itself as support to the seasoned trader ... they are basically looking for a pull back in price off of recent strength in a given market .


SO WHAT I AM LOOKING FOR IS ONE OF THESE 2 SINEREOS


#1 ARE WE RE-TESTING AFTER A BREAK-OUT ?

OR


#2 ARE WE SITTING ON A MULTIPLE SUPPORT AREA ?


Always ,,, Remeber ........
BREAK-OUT ,,,,, THEN TEST


BREAK-OUT ,,,,, THEN TEST


BREAK-OUT ,,,,, THEN TEST


BREAK-OUT ,,,,, THEN TEST


BREAK-OUT ,,,,, THEN TEST


I am looking to buy low and sell high and this is one of two diffrent ways that I can think of to determin if a market is low or high... espesially on the Longer Term charts..... This appraoch is also way better than looking for 123 bottoms , if you are familiar with this methodolgy ...

One most also , use sound money management when attempting to trade with this method or any other type of method ..... RISK TO REWARD SHOULD ALWAYS BE CONSIDERED
THIS IS VERY, VERY IMPORTANT ....... WITH IMPORTANCE





HERE ARE VARIOUS EXAMPLES .......

THEY ARE ALL FROM DIFFRENT TIME FRAMES
LONG AND SHORT AND INTRA DAY .....
ALL ILLUSTRATING THE SAME PRINCIPAL



ANOTHER POST WILL BE ADDED LATER .... WITH EXAMPLES OF MULTIPLE SUPPORT AREAS....




TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliot Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …

Re: Response to your question

pg 2 examples ..

Re: A SERIOUS Question/s for Marketwaves.

pg 3 of examples .......

Re: My trading style ( MARKET WAVES )

Waves.

Thanks for your honesty--its not often you see an admission that one doesnt trade there own analysis.

Your analysis is ceratainly sound in principal---all your doing is trading higher highs,higher lows and using support and resistance as the triggers or pressure points to watch for those retracements.Either combining fibonacci to these areas or adding it as a possible level where it is absent.

From a trading perspective (Taking or setting up to take a trade) analysis such as yours identifies (Possible) areas where setups may occur.

So charts where waiting is happening would be on a watchlist.

Back to the question--- where would you take the trade?
(1) at the point of retest?
(2) at the point where a higher high is made AFTER a higher low is made?
(3) would you trade off weekly charts seeing "noise" would/could interfere in lesser timeframes?
(4) Where would you place stops---(Beyond the low at the reversal of a pullback would be practical).
(5) Where would you exit?

Waves while you have explained the "Theory" behind your trading ---which is sound---actually trading it realtime youll find---(You may already know this and this is why you only chart and not trade)---the results will be less than definative.

Thats why I asked---the analysis is nothing but a shell and in itself cannot guarentee profit.
With ALL preditive analysis--Elliott,Fibonacci,Gann,Gartley---Im yet to see a practical live demonstrating which shows a positive expectancy (Thats easy)---which results in profit.(Thats difficult).

Finally--why then are you charting if you dont trade it?
Interest--amusement--research---hobby?

Re: My trading style ( MARKET WAVES )

Again , it will take time for me to answre these questions in detail ... and thats one thing you can see from my posts is that I am detailed oriented ......



To Respond .. to your last comment ...

I NEVER SAID THAT I DON'T MAKE TRADES ,,,,

What I said was , I DON'T TRADE INTRADAY .....

I AM NOT A DAY TRADER .......
I MORE OF A SWING TRADER ... TO MEDIUM TERM TRADER .....

Basicaly , I like trades that are 1 to 4 months outlook .....

I NEVER SAID THAT I DON'T TRADE

Read some of my earlier posts ... I am new to this forum only about 3 weeks ... You will see more about me and my approach through them ...



I've got time to explain ,,,,,
Will you give me time , to further explain ?

Can't do it all in one day .....

I am also going to set -up a spereadsheet to satisfy your curiosity and all the others on the forum with my trades ,,,,, they will primarily be futures trades and options ..... my email Is

marketwavez@yahoo.com

Send me a private message with your e-mail ,,,, here on the forum...

I will imput the trades every day ....Let"s start with say $50,ooo

We willl track my trades for a period of say over the next 5- to 6 months ....
I will only send the updated spreadsheet to you .. ...No-one else

and more importantly , I will not post the results myself , this keeps me honest , in my humble oppinion ...

You in-turn will post the results here in the forum , lets say twice a week ,,,, you must make the updated posts , Not me !...

This is to insure that i am not adding or taking away ...from the Balances ..


I will direct all the people in the forum especially the negative toned ones to come to you for the updates and results...

Now understanad this ,..... I dont have your codes and I can't post under your name in the forum , only you can ...

Well, enough talk ..... lets go .... I awai t your e-mail address

Send me the private message

By the way when this is all said and done , I wil turn you over to my advisor and friend at Citi-group / Solomon Smith Barney ...

Re: My trading style ( MARKET WAVES )

Lets keep it friendly folks!

Re: My trading style ( MARKET WAVES )

Whoa.

Waves dont make it personal.

Ive only asked and you have it seems been happy to demonstrate your trading analysis in a realtime set of trades.
This will be benificial to us all in how you would enter/hold and exit a trade.

From the analysis I can see why your medium timeframe which goes more in the favour of having enough time to have some good profits.

Dont know that we need a spread sheet---just a chart showing the entry and your thoughts for the future of the trade---a chart if stopped and a chart when you exit.That way we can follow and comment.

As of Friday Im O/S for a fortnight so my comments and input will be zilch over that time but lookforward to haveing a look on my return.

Re: My trading style ( MARKET WAVES )

You know ,,, Tech I think that you hit right on the nose ,,,,,

Its all about Time,,,

The problem that ,I find with intra day analysis is the markets tend to make noise..... just look at all the gap opens.... There is less noise on the Daily and....Weekly charts ,,, which is a very important lesson to understand .....
This is why I dont Day Trade ...


Those intraday charts were to to show oldline resistance , new line support to speak ..


Any way , I dont know what 0/s means as of friday in your above post .... may be you can , explain ?


Your voice is echoes of what i hear all over the place ..... Hindsight...

This is a rough word to use ..... when communicating about markets to accomplished technititians .
I am not upset by any means ... althougH it may seem that I am defending my credibilty... like l said , 3 yrs of my life has gone into what you see here ...... and I will be answrsring your questions..

They need detailed explanations ......

So you have asked ,,,,,, So you shall recieve ....

In the mean while ,read al l you can about Fibonnacci Retracements
and also
Risk to Reward ,,,, Study these two topics on your own


You will be seeing more of me here ... if the moderators alow it that is ,,,

Markets are moving every day ,,, and they need to to be recalculated and looked at from more than on perspective ... that's why its called a market in the first place ,,,,

Re: My trading style ( MARKET WAVES )

MARKETWAVES said:

Any way , I dont know what 0/s means as of friday in your above post .... may be you can , explain ?

Click to expand...

G'day Market, O/S means overseas.

Maybe its fishing time while markets aren't sure where to go.

Re: My trading style ( MARKET WAVES )

Thanks DTM.

Waves

Lookforward to your posts/demonstrations.

Re: My trading style ( MARKET WAVES )

Tech a...


Need you to go to the internet ....
and do a search on

Fibonacci Retracements......

and also risk vs reward..



You need to to read about Fibonacci..... other wise .... what I am about to post in the next couple of days will be a blur to you ,,,

I really don't want to go through what we went through yesterday ....


The more that I think of yesterday the more that I think of ,,,, what I am very proficeint in here ...
which is Fbonacci Retracemrnts .. and Elliot waves ...

Basicaly
I am following the theory of 2 long dead men ....


It is not my termonology ... I am just good at interpreting it ....

So please go ,,,,,,

Read all you can about Fibonacci Retracements... or my comming posts that I will create will cause
excessive questions in your mind when you see them ..

Re: My trading style ( MARKET WAVES )

MARKETWAVES said:

Tech a...
Need you to go to the internet ....
and do a search on
Fibonacci Retracements......
and also risk vs reward..
You need to to read about Fibonacci..... other wise .... what I am about to post in the next couple of days will be a blur to you ,,,

I really don't want to go through what we went through yesterday ....

It is not my termonology ... I am just good at interpreting it ....
So please go ,,,,,,
Read all you can about Fibonacci Retracements... or my comming posts that I will create will cause
excessive questions in your mind when you see them ..

Click to expand...

Okay gents, I think we're about to have another 'blue' here (MW, that means a fight or argument in Aussie slang). Basically I think it's safe to assume Tech knows about money mgmt and has a reasonable understanding of most TA methods (including fibonnaci and Gann etc)- Tech has started quite a few threads on it here. So Tech, please don't retaliate by telling MW how much you know about TA etc as most of us here know you know your stuff.

So straight to the demo MW, Tech will catch up if he's away from his computer.

Again, gents, let's keep this professional, MW is only new to ASF so let's cut him some slack and give him a chance to trade in real time by showing us his entries and exits to prove his analysis works in live trading. Over to you MW...

Re: My trading style ( MARKET WAVES )

MARKETWAVES said:

Tech a...


Need you to go to the internet ....
and do a search on

Fibonacci Retracements......

and also risk vs reward..

Click to expand...

marketwaves

need you to go the internet....
and do a search on

spelling.......

and also grammar

I don't mean to be rude but don't throw stones if you live in a glass house.

Re: My trading style ( MARKET WAVES )

COFFEE ...... WEEKLY CHARTS ..


Breaking out ...... Then the test .......




TRADE AT YOUR OWN RISK… The purpose of these charts is to point out significant highs and lows based on Fibonacci Retracement lines and Elliot Waves which are highly subjective . This information is for educational purposes and should not be considered trading recommendations . All trading decisions are your own sole responsibility …