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JohnHL

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Everything posted by JohnHL

  1. JohnHL
    Which time scale do you use them in GMan?
  2. JohnHL
    Point(s) taken Db. Thanks
  3. JohnHL
    Come on Pristine; let's have more good stuff like your first post. Don't be put off by the secondary arguments and discussions that have developed - not that these didn't have some valid points; but they have become a bit distracting from the main theme of the promising thread you started.
  4. JohnHL
    Even so, it would still be interesting to see his method / system. Anyway, what question should he be asking?
  5. JohnHL
    Just received an e-mail announcing a Sam Seiden webcast tomorrow (Saturday). Here is the link for registration: Webcasts Details Apologies to those who already know this. Regards John
  6. JohnHL
    According to your chart, a demand zone created in early '03 was revisited in early '09 and worked amazingly well. This, and other examples, demonstrate the incredible ability of these zones to sometimes retain their validity even after a period of years. That is something I would never have believed prior to encountering Seiden and other price action traders like him. True, there doesn't appear to be many other examples that I can see on that monthly chart. But, as others have pointed out, if we look at shorter time frames, we would most likely find more. Of course Seiden isn't right ALL the time; but then who is?
  7. JohnHL
    I love it when that final pull-back bar just pokes its nose briefly into the previous supply zone, then heads south at a rate of knots. That is Seiden at his best.
  8. JohnHL
    Can't help sympathising with you on this, Tradewinds. APA looks impressive but will cost $99 / month - good value if performance reflects it. But I wonder if we would be able to learn and apply the principles ourselves to more or less match APA's performance. Like other contributors to this thread, I admire Sam Seiden's work. But Sam has to be careful in these free presentations, that he doesn't give out information to the extent that he could offend his XLT course students who have paid a substantial sum for their training. I am sure you have seen or heard him refer to his "odds enhancers", which are a list of conditions that he applies to give weightings to decisions on whether or not to take a trade. I think that is the area in which he has to be careful regarding the breadth and depth of his descriptions.
  9. JohnHL
    Isn't Wave 1, in the S & P 500 example, also Wave 5 of a similar preceding pattern. Trading it could have earned a profit, but not as much as the one you indicated. Presumably, a nimble trader (which I am not) would have traded both profitably.
  10. JohnHL
    May I suggest the following. Same title as this thread! Incredible Charts: Stop-Loss Orders - Help or Hindrance? Part I Remember to read the other two parts of the article. The forum is also worth a look.
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