Jump to content

Little Nuggets of Info


Recommended Posts

You can gain so much info off of these old trading timers!

if you do not know - Larry is a very influential trader using Fibonacci and Joe is also a leading expert on Fibonacci 

Now I don't agree with them on market form since 2009 - I personally think that they've failed to see or know even that the market has INCREASED it's ENERGY level, hence the  increased volatility, which fits in perfectly with my outlook for the next decade

(If you read my Time Cycle thread - you will see that I refer to cycles, in the PAST volatility increased when the cycles increased energy) If I'm right about the next decade then swings are going to be like this and greater

 

Joe makes comment about XOP's in late 2018 - These are basically Fibonacci EXTENSIONS/PROJECTIONS of prior swings (I've marked the swings used with blue lines and the XOP's in PINK

Joe would have been out at the 2 lines that were around the 6010 level - see chart below

I published on my THT HOW TO WIN Thread using 2RSI along with market form - basically Joe's OSCILLATOR Predicator can be substituted with the 2RSI - you can also just use normal MACD too 

Again it just depends on how you define a downtrend - Joe relies on and uses his moving averages - we can clearly see lower lows and lower highs too

All this info is in Joes book - "Trading with DiNapoli Levels" - Which I bought off him at the Las Vegas traders expo in Nov 2010 and got him to give me a whistle-stop explanation of over a beer 

NOW the market does NOT always stop dead on these levels!!!!!!!! They do sometimes and sometimes they DON'T - this is WHY you HAVE to have rules 

and YES it is allowed to trade 3 units and dispose of each unit @ each of the OP levels he mentions in his book, just in case the market fails to reach the extreme fib levels

You also could derive the levels below from Robert Miners "High Probability Trading Strategies" book too

420.thumb.JPG.94ae7b97e9402d6553fd655c88230329.JPG

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,179
    • Total Posts
      90,703
    • Total Members
      41,290
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Colin-H
    Joined 29/01/23 19:22
  • Posts

    • Does anybody know the BIL (SPDR Bloomberg 1-3 Month T-Bill ETF) equivalent with a GBP currency hedge? I want the interest yield but I don't want the currency risk.
    • Capital, win loss ratio. If you have a trading edge and you can consistently win 50% of your trades, so your winning 5 trades out of 10. So if your risking 1% of your capital per trade, out of your 10 trades 5 would be losers, so that’s 5% loss and realistically out of the 5 winning trades, some would make small profits, some break even and 1, 2 or 3 could run nicely IF you can let your profits run, basically your making money out of 2 trades out of the 10 trades (80/20 Rule Pareto principle) So a $20,000 acct risking 1% is $200 per trade, this will keep the trader with his trade risk based on being able to win 50% of his trades. A long term trend trader can win with 30% wining trade. Basically you need to know your numbers. Rgds Pete
    • Investing in stocks can be a great way to grow your wealth over time. However, there are different approaches that investors can take when choosing which stocks to buy. Two of the most popular approaches are growth investing and value investing. Growth Investing Growth investing is an investment strategy that focuses on buying stocks of companies that are expected to grow at a faster rate than the overall market. These companies are often in industries that are growing quickly, such as technology or healthcare. Investors who use this approach believe that these companies will be able to generate higher profits in the future, which will lead to higher stock prices. One of the main advantages of growth investing is that it can potentially provide higher returns than the overall market. However, it is also riskier than other investment strategies, as these companies often have higher valuations and more volatile stock prices. Value Investing Value investing is an investment strategy that focuses on buying stocks of companies that are undervalued by the market. These companies may be in industries that are out of favour or have recently experienced challenges, but they have strong fundamentals and a history of profitability. Investors who use this approach believe that these companies are undervalued and that their true value will be recognized in the future, leading to higher stock prices. One of the main advantages of value investing is that it can potentially provide lower risk than growth investing. However, it may also provide lower returns in the long run, as these companies may not have the same growth potential as companies in the growth investing category. Comparing Growth and Value Investing Growth and value investing are two different approaches to stock investing, each with its own advantages and disadvantages. Growth investing can potentially provide higher returns but is riskier, while value investing can provide lower risk but potentially lower returns. An investor may choose one approach or a combination of both. A portfolio that contains a mix of growth and value stocks can provide a balance of potential returns and risk. Conclusion Both growth investing and value investing can be effective ways to invest in stocks. The key is to understand the potential risks and rewards of each approach and to choose the one that aligns with your investment goals and risk tolerance. Analyst Peter Mathers TradingLounge™ 
×
×
  • Create New...