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
      22,128
    • Total Posts
      93,007
    • Total Members
      42,514
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    2267
    Joined 06/06/23 01:09
  • Posts

    • Bitcoin BTC/USD Summary The 61.8% retracement level is around the 24,000, that said the 25,000 is the larger price point (Medium Level) and we can expect the price to swing above and below this level and could take about 4 or 5 days to bottom into Wave ii) low Elliott Wave 4) of iii of (c) of ii) Strategies: Once Wave (c) of ii) is completed, we simply need to wait and observe the first impulse wave upwards as part of the next long trade setup using the abc at a level as the trade setup. Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com  Access trial at tradinglounge    
    • Tech Stock Market Report: Apple (AAPL),Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft MSFT, Meta Platforms, Netflix (NFLX), Alphabet GOOGL  Stock Market Summary: Tech stocks remain in bullish trend.  Elliott Wave Analysis: APPL is in Wave (a) of an (a) (b) (c) Wave iv) correction, this will affect ETFs and the Nasdaq 100. This correction should be completed at the end of the next trading session. The tech stocks in this video are fine in their bullish trend structures. Trading Strategy: Longer term traders can simply hold as the main trend structure as a bullish trend is in place. Video Chapters 00:00 Apple (AAPL) 09:35 Amazon (AMZN) 10:54 NVIDIA (NVDA) 15:44 Meta Platforms (META) 17:41 Netflix (NFLX)  19:20 Alphabet (GOOGL) 21:33 Microsoft (MSFT) 25:16 Tesla (TSLA) 31:35 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com   
    • Look Ahead to 6/6/23: RBA interest rate decision; UK retail sales; British American Tobacco Australia’s central bank is likely to keep rates at 3.85% in June, but may raise again soon as inflation remains uncomfortably high. More data is likely to show cost of living pressures continue to weigh on the British consumer. Plus, watch out for consumption trends and earnings from British American Tobacco. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 05 June 2023           
×
×
  • Create New...