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Everything posted by THT

  1. Rock and Roll FTSE100 20 trading day cycle performs AGAIN Low on day 18 and 19 (19 is the KEY) WITH 2RSI Bullish reversal from the oversold zone Cycle catches the low once again for more profits "I thought markets were random?" - THT says "Yeah Right LOL" Remember the next 2 dates are bang around the forthcoming Time Cycle mentioned in my Time Cycle thread
  2. Hi - there's nothing wrong with having target level(s) - If it works it works Just remember as in chart 1 above, if the market is going UP then it will create a series of higher lows and higher highs and one can trail the market up by simply using the swing low points - because if the market is trending upwards it ain't going to hit a swing low point until it needs a rest, changes degree or the trend is changing That's a major law of the market (vice versa for it going down and for sideways ranges overlapping of swings) The blue dots on chart 1 show you the times the presumed
  3. That's the decision you have to make as to how you trade - if you are catching the turn you can use a very tight stop - I know this for a fact as its exactly what I've done for the past 10+ years If however you aren't very good at timing the turns then you will get stopped out often and maybe a wider stop suits you better - there is nothing wrong with taking 3 attempts to get in on a move if the move returns excellent R return - I'd quite happily take 3-5 attempts if the R value returned 10+R - you will know whether this is possible through the expectancy of your system/method etc If
  4. YES - If it works for the trade then yes and for trailing too Best thing you can do is look at your proposed trading method - calculate its win ratio expectancy etc and also visually SEE what price bars do when it works When traders don't know what exactly their method does/doesn't do - they have wide stops, which eats profits It all depends on the trading method - for example if you're catching reversal points/turns in the market then if you're right the market will NOT trade past the swing low/high point, so that's where your stop would go at worst case Trading the revers
  5. Said right from the start if the NHS had 1 million ICU beds and ventilators then the govt would have gotten up to 999k people in hospital and in ICU and then rolled out the panic, lockdowns etc - At some point some one is going to work out the £ cost to under 70's and the economy and then work out if letting granny avoid contracting a flue like bug was worth it or not Some people will have had their lives wrecked at age 20/30/40 etc all because the NHS only had [originally] 13k ICU beds and ventilators
  6. Hello All We are closing in to one month to go until the final Time Cycle of the year Remember we have NO IDEA that it will work - it could be a mega volatility period or it just be a flat squib affair with an average correction Context we have to remember IS - In 2016 the overall market changed from down to UP - TC's act and behave differently in EACH of the 2 types of Time Cycle! As we can see the expected and published in advance TC date for Feb caused the USA market to stutter and stall 4th June is fast approaching.................Lets see if/what happens
  7. LOW came in on trading day 18/19 This is perfectly acceptable in trading - just because we have a 20 day low cycle in play does not mean it has to come in dead on trading day 20 - I like to see the low point on trading days 19-21, so we have a 1 day window either side of trading day 20 Also clarity over EXPECTATION - I'm expecting an assault on the most recent swing high of a few days back, to be able to make money from - BUT technically its ALREADY done the low expectation! Lows happened, its printed, the low is in - the swing high happening right now in price COULD be the swing hi
  8. Ok - following on from the last chart One thing you MUST remember is NO-ONE knows what a market is going to do exactly, we are GUESSING and using BEST GUESSES based on PROBABLISTIC outcomes CNX1 - The ETF of Nasdaq100 - did exactly as it said on the tin We had: The Triple Bottom The 2RSI tick up on the formation of the Triple Bottom Then the pullback Then we got a DOUBLE top formation, which for those inclined offered a shorting opportunity: Double Top BOTH the 7RSI and 2RSI showed on the close of the bar labelled (RED) 2 - negative divergence
  9. LOL - I think most traders have done that before I certainly have until I learnt not to guess
  10. Yep I hate to say it but its nice to see the retail crowd the opposite of my positions at times
  11. Trade what you SEE not what you think - markets can be irrational far longer than you can be solvent
  12. As fletch says - if you have a SIPP you "might" be able to place them in there rather than an ISA I made the decision 10 years ago to only trade ETF's in my ISA after experiencing similar problems back then with a different ISA/SIPP provider
  13. Pro-Real charts are likely to have this as a screener on pro real code site as they tend to have virtually everything that can possible be thought of indicator/screener wise If not then Nicholas is really helpful and will build (might charge) for you if not too complicated
  14. WD Gann said in 1909 that all the markets are all Mathematical points of force
  15. Missed this - you need to make sure you quote unless it gets lost in the room Governments have tried to manipulate FX markets and failed - there will be "cartel" trades between the banks, it will never be admitted as its Illegal, but I'm willing to bet it happens occasionally That being said - Markets aren't doing what you think they are doing, people think that after x years of experience you can say markets going to do this and hit that price level there and then reverse to x and then.......It just can't be done Trading is exceptionally hard - whatever you choose to trade - tr
  16. Yeah it's best to get in as close to the low as possible
  17. There'll be a stall in price or a pullback - its impossible for a market to continue posting higher low and higher high bar after bar - the laws of the market don't permit it It could be a Gann pullback, a sideways correction or a more severe pullback - but it will happen - 20 years of intimately studying the market attest to that I might be misreading your comment or you my post - I'm not saying that's it for the rally - I'm showing a technical analysis method that actually works as people will be trading TA that doesn't quite work and wondering what's going on
  18. Another one that works! Gann Triple bottom, up tick of the 2RSI on the signal bar from below the 25% Oversold level - gapped at the open the next day (can't be avoided) BUT the trade is up 6R Market is ETF = CNX1 which tracks the Nasdaq100 (I trade this through my SIPP and ISA accounts) PS - Markets CAN'T rally at that ANGLE for long! Pull back is approaching Some TA actually works - most doesn't though! Safe trading THT
  19. Tale of 2 charts We have non-conformance in the USA Indices BUT both are displaying corrective overlapping formations SP500 is printing new highs and the Nasdaq is still trying to rally to prev highs Most USA and "maybe" the UK Indices will conform to the Time Cycles at some "degree" (The nasdaq100 is THE chart to watch for the TC's) As you will note in the thread above the Feb TC was pre-warned/forecast whatever you wish to call it - we've had a reaction as can be seen below - next TC is early June Again we should have some sort major or minor reaction to it in the d
  20. Anyone noticed that the FTSE100 Index (cash) has sync'd to a 20 trading day Low-Low cycle? Markets do this all the time - anyone monitoring TIME would have been one step ahead of the pack as to expecting turns
  21. I first came across this pattern in Joe DiNapoli's "Trading DiNapoli Levels" book years ago RAILWAY Tracks You want this formation to appear at decent pullbacks, tops or extremes - for it to be really worthwhile and when they show up on WEEKLY charts they can be exceptionally profitable Some don't form perfect patterns - this is because you're viewing face on to a chart and price and time aren't doing that, so you will need to build in some artistic subjective licence if you trade them SP500 Index DAILY chart: Nasdaq Index WEEKLY chart: They appear on weekly tim
  22. Oh you can guarantee that once the FCA get involved it changes for the worst - what I'm meaning is have some form of regulation for the providers as it would force them to publish and highlight all the risks much more clearly to punters I remember having a dinner with the head of the FCA and the shadow chancellor back in 2008 ish - problem they have is the decision makers aren't from or on the coal face so they end up making stupid decisions for everyone - don't think that went down too well with them at the time
  23. The regulation will force the providers to do things in the best interests of their customers - I worked for 2 decades in an enforced regulatory environment as a financial adviser - the regulation forces everything to be above board, warnings highlighted multiple times and everything for the benefit of the customer - of which the bigger more trustworthy firms will excel within
  24. Oh I agree with all that - not everyone is that way inclined though and as it's super easy to shove some funds into a trading account and just go, then the providers have to do more in my opinion, rather than collecting a newbies funds as they end up going bust I just think the providers can and should do much much more - I know they won't, but I can fully understand peoples frustrations - I went through the same over 10 years ago
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