I have decided to make screenshots of my notifications to PROVE to you, dear reader, that what I wrote above is really the case. The links are here:
What I wish to show here is the Power of these levels and they usually hold markets even in most volatile times like these. To my surprise they still seem to be completely unused and unknown here on Tradingview. I made a small attempt to show a bit of how I trade several years ago and you can still see these Ideas but after just a little bit I must say I did not have the time anymore and unless some people I really live by my trading and so my drive to share Ideas or feed a community was always not that high.
Still right now, I have quarantined myself during the crysis and after my experience last week with this trade that could have gotten everyone in chat 2000PTS!! with a 200Pts stop loss!!! I will try and show a bit more about my trading and why I'm able to name levels with a degree of certainty that I myself NEVER THOUGHT possible when I started trading only 7 years ago.
There are reasons why I will not disclose my full trading setup here as I consider it quite valuable because it very often allows me to follow the way the smart money goes. What I will do is publish Ideas on naked charts like I started tonight and I will give all of you the chance to follow me and see for yourself if what I write is true enough and on a later stage I might create something like a student group.
Please be careful as I will not normally add any Stop loss levels or exact entry points I just wish to show what is possible with the right tools in todays trading.
Oh and last but not lease plese excuse any typos or improper english in my writing since English is not my first language :)
Happy Day to all
This is the magic of this methd when all scream doom and gloom you know what is gonna happen :)
Basically I try to follow movements of the so called “Big Guys” or “Whales” ,or however you call, them to predefined profit targets. These Targets are calculated using a combination of selected strong FIB Levels and also ABC Extension levels…. If these levels lie in CLOSE PROXIMITY together then you can be reasonably sure that market will show a reaction there.
If I know such a level and see the market moving towards it I enter by using a technique that uses a false entry signal of a lower time frame to enter into the direction of the higher and more powerful timeframe (I define Trend by MACD and one other Indicator).
I will now give you best advice I ever got so please read slowly: These false entry signals are usually created by commonly used indicators to fool us small traders into opening a position which is exactly opposite as is good for us. That is why so often a signal on your favorite indicator gets created and directly after it the market turns into the other direction! Usually this other direction is then the Trend of the higher time frame! The Market movers use this to create liquidity and the NEED liquidity to enter market with their BIG money … I hope this makes sense
What is also possible is to predict a bounce on one of these very Strong levels and enter a trade right at the touch of it (here you set the trade to break even very fast as you sometimes only get one bounce!)
Ok enough for now, more later….
What happens here btw is that Predator ALGOS create a buy signal on my indicators and immediatly retrace the signal again. This now causes other ALGOS to enter in opposite direction and put their stop under the nearest prominent low/high ... Then they get farmed :)