PPS Trading System by Curtis Arnold

[It's Snake Pliskin]

To you and others it may but to VSA it has no value.

Exactly, which is why I used other paradigm. But why look at things alone?

 

[MRC & Co]

I might start another thread with some vids of moves playing out in the SPI to show you the patterns I look for. (Oh completely off topic but if you are an active trader and you can't use the DOM for favourable executions you are going to be down 20 to 50 tics per day!! That's a huge diff and a big reason why 80% of futs get executed through a DOM)

Good stuff, and where is that thread on how to catch outliers?

 

[Cartman]

just qu in general re the way we might approach diff time frames.

just for the point of the exercise and anyone that may have been interested the following 4 hrs of the chart posted earlier ----- it was an FX chart on a much lower time frame than Tech's chart -- FX charts behave totally different to stock charts which was all i was trying to point out

Tech prob no point following this one any further cause id kinda played my hand early with my pre-assumptions on your chart --- lol

your analysis was v good and works for u because u r consistent in the way u apply it ---- lesson for all of us there !!

 

[tech/a]

Exactly, which is why I used other paradigm. But why look at things alone?

Because you can.

You can trade VSA as a single stand alone method.
You can trade Elliott as a single stand alone method
You can trade as T/H does as a single stand alone method.
You can trade as Frank D does as a single stand alone method.
You can trade patterns as a stand alone method

Why do we feel more comforatable adding more analysis?
I'm not offering VSA up as the ducks guts just as food for thought to perhaps
to be able to with added confidence determine direction and life of the trade.

Care to share your "Other paradigm"?

Good stuff, and where is that thread on how to catch outliers?

MRC

And about time you got off my case as well.
I'm here to add to discussion and encourage thought not massage ego.
It takes a lot of time to contribute ---and I do it for Zip.
Instead of running around in the shadows of good traders(T/H's best mate) how about some ORIGINAL input into threads of your own.

 

[tech/a]

FX charts behave totally different to stock charts which was all i was trying to point out

Rubbish.

Give me as many as you like and TRY and trick me.

You want them to behave differently truth is they dont!
I just proved that.Youd have got most of that down move.

I wont get them all 100% correct but I'll bet I'll produce a profit.
Provided there is enough liquidity and range in the timeframe being traded you'll be suprised how FX behaves even more to VSA principals than Stock charts.

Bigger players and bigger money!!

Supply and Demand and how you can read it ----- doesnt alter regardless of instrument.

 

[Cartman]

Because you can.

You can trade VSA as a single stand alone method.
.

you could

You can trade Elliott as a single stand alone method

you could --- but i wouldnt

You can trade as T/H does as a single stand alone method.

you could but i CANT

MRC

And about time you got off my case as well.
I'm here to add to discussion and encourage thought not massage ego.
It takes a lot of time to contribute ---and I do it for Zip.
Instead of running around in the shadows of good traders(T/H's best mate) how about some ORIGINAL input into threads of your own.

i mighta missed something there --- was Mirc having a go at u Tech?? --- that may have been misconstrued cause i find Mirc pretty helpful and up front --- im sure he will let us know

 

[Cartman]

Rubbish.

Give me as many as you like and TRY and trick me.

You want them to behave differently truth is they dont!
I just proved that.Youd have got most of that down move.

I wont get them all 100% correct but I'll bet I'll produce a profit.
Provided there is enough liquidity and range in the timeframe being traded you'll be suprised how FX behaves even more to VSA principals than Stock charts.

Bigger players and bigger money!!

Supply and Demand and how you can read it ----- doesnt alter regardless of instrument.

big change of sentiment in the last two posts Tech -- i was under the impression this thread was providing some interesting pov's --- ive done nothing but listen to what uve put forward and taken it on board ---

im not interested in tricking anyone --- i just found the discussion interesting cause we look at things in different time scales

 

[sails]

... The thing is from time to time one will pull/lead the other. But what ends up on a chart goes on in a DOM or to use another word the ticker so if you spend enough time on it I believe you will find patterns that you can trade. Though the transaction cost (brokerage/spread) of ASX stocks are a lot higher than futs which make short term a bit harder.

Thanks TH - looks like it's worthwhile to spend more screen time with DOM running.
A thread on DOM sounds good to me - would follow with interest

 

[MRC & Co]

MRC

And about time you got off my case as well.
I'm here to add to discussion and encourage thought not massage ego.
It takes a lot of time to contribute ---and I do it for Zip.
Instead of running around in the shadows of good traders(T/H's best mate) how about some ORIGINAL input into threads of your own.

You are a true idiot.

There are guys who have traded for only a year or so and I would GUARANTEE make a packet more than you do tech, so take the stick out of your azz.

TH said he was going to start a thread on outliers (in your outlier thread), I haven't seen it yet, that was my point. Making you paranoid there are a few ice users around here mate?

 

[Cartman]

Rubbish.

Bigger players and bigger money!!

excue me??? --- but that is exactly what VSA is all about --- deep pockets moving the market ---

Rubbish.

Supply and Demand and how you can read it ----- doesnt alter regardless of instrument.

You are right about stocks --- but show me a regular FX trader (ie not a deep pockets trader ) who trades break outs and who runs regular style stop losses in his system --- and ill show u a 'regular' guy who is probably struggling to pay off his mortgage --- if u get my drift --

FX trades differently to stocks !!!! sorry but i disagree with u on this one

 

[MRC & Co]

big change of sentiment in the last two posts Tech -- i was under the impression this thread was providing some interesting pov's --- ive done nothing but listen to what uve put forward and taken it on board ---

Exactly Cartman.

 

[tech/a]

excue me??? --- but that is exactly what VSA is all about --- deep pockets moving the market ---




You are right about stocks --- but show me a regular FX trader (ie not a deep pockets trader ) who trades break outs and who runs regular style stop losses in his system --- and ill show u a 'regular' guy who is probably struggling to pay off his mortgage --- if u get my drift --

FX trades differently to stocks !!!! sorry but i disagree with u on this one

Cartman trading VSA isnt about trading breakouts.
Are you then implying that unless your trading DOM like T/H you cant turn a profit in FX?

My posts here have been to attempt to identify a way of governing direction out of a consolidation move.
Your further 4 hrs of chart has only cemented in me the possibility that I/You/anyone with a bit of technical nous could have caught the majority of that move.
Looks pretty uniform to me!

As MrC has a problem with me I have a problem with MR agreeable.
Fine its an issue I'll not bring onto the boards if I can help it.

 

[MRC & Co]

As MrC has a problem with me I have a problem with MR agreeable.
Fine its an issue I'll not bring onto the boards if I can help it.

Where do I have a problem with you? Show me how I started this problem you state............

If anything, the opposite.

I use the same method as TH, the same method as 50 traders I see daily use, that is why I agree with him.

Now get back in the shadows of Radge!

 

[tech/a]

If anything, the opposite.

Thats probably true then.
I'm happy to discuss PM if you want (personally dont think its worth the energy)
But will keep it off the boards.
If a Mod can just delete the rubbish.

 

[Cartman]

Your further 4 hrs of chart has only cemented in me the possibility that I/You/anyone with a bit of technical nous could have caught the majority of that move.
Looks pretty uniform to me!

i agree Tech that is y i posted the chart cause i didnt want to waste your time with the obvious --------- i stated yr analysis was v good to the point that was completed --- pretty much spot on actually

the only point i was trying to make was (not to you) to everyone, that time frames traded in will (and should) alter our perception of the data our brain is being fed

i personally found your original daily chart too lacking in content for me to make an 'ENTRY' judgement on -- whereas my 5 min FX chart was a little easier to get a handle on --- if u get my drift

ps i dont use 5 min charts to enter off either ---- 1 second charts are where i see the most valuable entry criteria --- unless u r a DOM reader (which im not) ---

anyway lets go forward cause the thread has a bit of meat on it

PS Tech that mention of Outliers that seemed to annoy you was a genuine question to TH from Mirc i think ??? -- didnt TH mention giving some of HIS examples etc etc ---- perhaps u misconstrued that because of the original outliers thread on which u had a large input ---- just trying to sort out what looks like a mis understanding ??

 

[CanOz]

Has he changed his mind ?

motorway

I believe Nick is on AL MWay.

Maybe he'll put this as top priority when he comes back

Cheers,


CanOz

 

[tech/a]

Tech that mention of Outliers that seemed to annoy you was a genuine question to TH from Mirc i think ??

Yep my mistake.
Obviously on Ice.
My apologies mirc

 

[MRC & Co]

No problems.

 

[BBand]

PPS Trading

The best way that I have found trading micro patterns (any timeframe):

1) If you have entered on an order to catch the breakout - if the next bar does not follow through - EXIT!! and seriously consider taking the trade in the opposite direction to the original.

2) I would then swing trade the position, i.e. at each retracement.
a low commission broker comes in very useful here.

My aim would be to not give back profits.

I have found VSA to be useful, but not a requirement

Peter

 

[weird]

PPS Trading

The best way that I have found trading micro patterns (any timeframe):

1) If you have entered on an order to catch the breakout - if the next bar does not follow through - EXIT!! and seriously consider taking the trade in the opposite direction to the original.

That's an interesting point, most literature will support that the best breakouts will occur with a burst out on massive volume and never look back - and I don't disagree. If you are able to monitor this while it is occurring, perhaps quite an advantage there ... I can think of at least 2 traders that look for this.

Perhaps micro patterns which are based on support and resistance differ, and I am not refuting they don't ... however if based on EOD, looking at the possible behavior of next day, based on previous single bar patterns or even 2 bars patterns ... it is perhaps best described as random.

I did some research today on stocks using single and two day patterns , based on where a close fell within the range (H and L) of an up day, with the likelihood of the following day being an up day (also with increased volume on the prior day as well) ... the results were pretty much random except for a small bias, where the close was higher in the range, which may be contrary to what most people think, it was slightly more likely to end in a down day ... perhaps a small overbought condition.

Anyhow, there are many benefits of micro-patterns , more than being just right. Although I do agree that the best single setups probably occur in realtime of a breakout with massive volume allowing for additional confirmation, and that never look back ... unfortunately as an EOD trader I'm not there watching it, and unable to make a decision based on this.