Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

  DbPhoenix said:
Or a RET after a break below S.

 

It is common for beginners to think that price will plummet/rocket as soon as they transmit their order. Which of course it doesn't. There must be other reasons. It's up to the trader to determine what those reasons are and whether or not they are present. In any case, he's just along for the ride.

 

 

When i trade intra-day, I will have my R level on the 30m, then I will look at the 1m for a volatile down-wave, followed by an up-wave that results in a contraction of volatility, resulting in a LH or double top.

 

I am simply applying the same principles, only using a daily and 60m chart instead of 30m and 1m. Isn't this a textbook Wyckoff setup?

 

You are suggesting entering at the break of 1690, after a LH but isn't this simply a matter of price vs information risk? Once price breaks below 1690, I would reduce my stop to breakeven, but I wouldn't be looking for an entry.

 

I am not experienced with trading of daily bars (or trading in general, for that matter) so I might be getting it all wrong..

 

attachment.php?attachmentid=34697&stc=1&d=1360869240

5aa711b798c38_platrev.png.73f702fd9cb5d442a1c4361a3bf1607d.png

Share this post


Link to post
Share on other sites

Whether you can tolerate the stop or not depends on where you place it. And you're currently sitting at potential support, i.e., the midpoint of the last rally.

 

Not sure what you mean by a "numbers game". It's also dollars and cents. Forgetting that can cause one to blow up his account.

Share this post


Link to post
Share on other sites

I am placing my stop above the LH, around 1740. And when I say it’s just a numbers game, I mean that I have tested this setup (Rejection and resistance followed by a LH/Dtop) and it has a probability of success of around 65%. My targets for the trade are the MP of the range, and the lower limit around 1400, so the Risk/Reward of the trade is very favorable.

 

This is why I can tolerate the stop, and if price rallies today or next week making a new high, I am not going to feel angry or emotional, it would just be one of the losers in the sample. As for blowing up my account, I have a money management strategy that ensures I can last in the game.

 

The irony here, is that virtually everything I have learnt about the mechanics of trading is in this forum, as soon as I found it, I didn't even bother looking elsewhere, I know it is all here, it is all your work. We seem to have a discrepancy about this trade, so I obviously have some questions;

 

1- You are mentioning the 50% as potential support; do you consider the midpoint of every wave as potential S/R? I thought you only looked ad Midpoints of ranges and Hinges.

 

2- When I asked you where you would go short, you mentioned on a Ret, after a breakout below Support. Which support are you talking about?

Share this post


Link to post
Share on other sites
  Gringo said:
It's my opinion that both the long or the short are possible. The S&R are our key levels to keep and eye on. Based on whether price has a breakout or a rejection will probably determine which trading decisions is more appropriate.

 

The longer trend does appear to be up and had been taking a breather for some time forming this trading range from 1400 to 1700. Since price turned upwards from the mid point of this range instead of going all the way down to the bottom of the trading range indicates the predominance of demand over supply.

 

For a trader with a longer time horizon staying with the trend and the possibility of a breakout is something to be aware of. That being said a trader with a shorter time horizon could squeeze out some points in case the S&R around 1700 rejects and the the price tumbles.

 

I believe the probabilities favour the long side but price is the ultimate determinant of which side is going to dominate: The long side, the short side or the right side.

 

 

Gringo

 

Interesting Analysis, specially the part about price finding S at the Range MP, I agree that this shows strength.

 

However, I wouldn't say the trend is up, we are simply in a TR, above the 09 lows but below the 08 Highs. As you said, anything can happen, and I would say this is an inflection point:

 

If price breakouts above R, I would go long on a pullback/ret.

If Price rejects R, I go short on a LH, target is the range MP for 1/2, and range lower limit for the second half.

 

This is how I trade trading ranges.

Share this post


Link to post
Share on other sites
  tupapa said:
An alternative view on crude:

 

attachment.php?attachmentid=34708&stc=1&d=1360920562

 

Tupapa,

 

You are right there is a chance this could be a turning point. There are however other factors at play as well. The way I look at it the price pull back to LSL was normal and didn't really breach it. The strong demand pushed price up to the S/R and current LSH. At the moment price is moving down. A short term trader can use it to short. For a longer term EOD trader the price is simply bouncing in the TR after BO from the large hinge that was shown in the earlier post. Until the LSL is breached I would considering my longer trade time horizon would be reluctant to go short.

 

Nonetheless, the lack of demand to move price above the S/R in your case and LSH is the first red flag and a reason to be cautious for those like me who are long.

 

Gringo

Share this post


Link to post
Share on other sites
  tupapa said:
I am placing my stop above the LH, around 1740. And when I say it’s just a numbers game, I mean that I have tested this setup (Rejection and resistance followed by a LH/Dtop) and it has a probability of success of around 65%. My targets for the trade are the MP of the range, and the lower limit around 1400, so the Risk/Reward of the trade is very favorable.

 

This is why I can tolerate the stop, and if price rallies today or next week making a new high, I am not going to feel angry or emotional, it would just be one of the losers in the sample. As for blowing up my account, I have a money management strategy that ensures I can last in the game.

 

The irony here, is that virtually everything I have learnt about the mechanics of trading is in this forum, as soon as I found it, I didn't even bother looking elsewhere, I know it is all here, it is all your work. We seem to have a discrepancy about this trade, so I obviously have some questions;

 

1- You are mentioning the 50% as potential support; do you consider the midpoint of every wave as potential S/R? I thought you only looked ad Midpoints of ranges and Hinges.

 

2- When I asked you where you would go short, you mentioned on a Ret, after a breakout below Support. Which support are you talking about?

 

1. Yes.

 

2. Below which S level do you think shorting a RET would be most successful?

 

There are no "mechanics". There's nothing mechanical about this approach.

 

I'm not channeling Wyckoff. What he would do or not do in any given situation is at best a guess. But he's been dead for 80 years, so the best one an do is study and practice. The principles don't change.

 

Your puzzlements have to do with ignoring context. Trading a daily bar is not the same as trading a 1m bar. The psychology is entirely different. Similarly, a LH after an extended trend is not the same as a LH after finding R at the top of a TR. Since you're not trading daily charts, you have to be careful not to take the wrong lessons out of these charts.

 

Edit:

 

The following chart may help clarify. This chart includes several time segments beginning with the initial hinge. Therefore, it looks far more cluttered than it would if a succession of charts were used.

 

First, the hinge. This is the first signal that a move upward may be imminent. The false "BO" below the hinge supports this hypothesis. Eventually, price breaks above the top of the hinge, further support.

 

Second, price falters at R, coming all the way back to the MP of the hinge. If long, this in and of itself is not cause for concern. If one is looking to go short at R, this is the opportunity to do so.

 

Third, price makes a LH. If price had reached R with no hesitations, this would be a more attractive short than it is otherwise because of all that sellers have to wade through in order to gain any momentum. The midpoint of the last rally, which happened to coincide with the top of the hinge, was one such hurdle. But price still has to work its way through the congestion that created the hinge. In any case, if long, the LH is sufficient justification for exiting, though one might also have exited when price first hit R.

 

Fourth, for a follow-on short, what is far more attractive to me is the relatively clear sailing represented by the blue line. This is a reflection of my conservatism, and not everyone need be as conservative. OTOH, I have a lot more respect for money than most do. On the third hand, I'm still here, and few of those who were here five years ago, much less ten or fifteen, can say the same.

 

 

attachment.php?attachmentid=34709&stc=1&d=1360934578

 

 

Like Jim Rogers, I prefer to wait until I see money in the corner, just waiting for me to walk over and pick it up. The 55pt drop in PL was nice. I'm not eager to give it back.

 

.

Image1.png.d41d3aba0d1a29dfaccb159670df5431.png

Edited by DbPhoenix

Share this post


Link to post
Share on other sites
  Gringo said:
Tupapa,

 

You are right there is a chance this could be a turning point. There are however other factors at play as well. The way I look at it the price pull back to LSL was normal and didn't really breach it. The strong demand pushed price up to the S/R and current LSH. At the moment price is moving down. A short term trader can use it to short. For a longer term EOD trader the price is simply bouncing in the TR after BO from the large hinge that was shown in the earlier post. Until the LSL is breached I would considering my longer trade time horizon would be reluctant to go short.

 

Nonetheless, the lack of demand to move price above the S/R in your case and LSH is the first red flag and a reason to be cautious for those like me who are long.

 

Gringo

 

The overriding concern for me is whether or not price is doing what I expect it to do, and this is where focusing on traders rather than price or lines becomes even more important. It is important that price found S at the LSL. But far more important is that it did NOT make a HH. This in and of itself need not be a reason to exit, but if buyers can't hold here above the MP of this little TR between 5 and 8, I'd be out. To do otherwise would be to introduce hope to the equation.

Share this post


Link to post
Share on other sites
  tupapa said:
A possible play on platinum, if the current rally results in a LH.

 

attachment.php?attachmentid=34675&stc=1&d=1360754067

 

Foresight trading at its prime :cool:

 

Nice, so I guess it is just a matter of preference, for me, the LH at 1733, along with the contraction in volatility is enough to enter.

 

Now price broke below the midpoint of the range, so I have a risk free trade, and I can always pyramid if we break below 1660, on a Ret.

 

attachment.php?attachmentid=34710&stc=1&d=1360938592

 

  Quote

Your puzzlements have to do with ignoring context. Trading a daily bar is not the same as trading a 1m bar. The psychology is entirely different. Similarly, a LH after an extended trend is not the same as a LH after finding R at the top of a TR. Since you're not trading daily charts, you have to be careful not to take the wrong lessons out of these charts.

This is a LH after finding R at the top of the range right??

 

Yes

Plat.JPG.ebd60a5c042367bbd3bd09304a82082b.JPG

Edited by DbPhoenix

Share this post


Link to post
Share on other sites

I have exited the USO long calls position. The fact that demand just disappeared at the open and price even after an hour couldn't muster enough strength to rise prompted the decision to exit.

 

As Db had mentioned earlier I had expected price to rise where instead it stalled at the LSH. In the absence of clear strength there wasn't enough reason to stick around. I was willing to lose the entire value of the options but exited with a 23% loss. The extra funds saved could be put to better use!

 

I do understand oil could turn up here and resume but I can make decisions only in the present.

 

I am eyeing the AAPL short if price pushes closer to the 500 level.

 

Gringo

Share this post


Link to post
Share on other sites
  Gringo said:
I have exited the USO long calls position. The fact that demand just disappeared at the open and price even after an hour couldn't muster enough strength to rise prompted the decision to exit.

 

As Db had mentioned earlier I had expected price to rise where instead it stalled at the LSH. In the absence of clear strength there wasn't enough reason to stick around. I was willing to lose the entire value of the options but exited with a 23% loss. The extra funds saved could be put to better use!

 

I do understand oil could turn up here and resume but I can make decisions only in the present.

 

I am eyeing the AAPL short if price pushes closer to the 500 level.

 

Gringo

 

What about a short after a RET if price breaks below 95?

Share this post


Link to post
Share on other sites

I'll check it EOD. I don't want to get sucked into intra-day trading. Preferably once or twice a day observing price to make a decision should be the norm. My intra-day instincts start to pull me in with every twist and turn of price and it's something I wish to avoid.

 

Gringo

Share this post


Link to post
Share on other sites
  Gringo said:
I'll check it EOD. I don't want to get sucked into intra-day trading. Preferably once or twice a day observing price to make a decision should be the norm. My intra-day instincts start to pull me in with every twist and turn of price and it's something I wish to avoid.

 

Gringo

 

A point that should not be overlooked. These charts are posted, after all, with the EOD trader in mind. So if price drops below 95 and if there's a RET, the first entry op won't come before Tuesday.

 

The market loves to lure traders into chop.

Share this post


Link to post
Share on other sites

Sorry, but I feel like there was a lot more to your last explanation that I could be missing...

 

  Quote
The following chart may help clarify. This chart includes several time segments beginning with the initial hinge. Therefore, it looks far more cluttered than it would if a succession of charts were used.

 

34709d1360934578-platinum-image1.png

 

 

  Quote
First, the hinge. This is the first signal that a move upward may be imminent. The false "BO" below the hinge supports this hypothesis. Eventually, price breaks above the top of the hinge, further support.

 

Ok, so you are going long here preempting a breakout above resistance.

 

  Quote
Second, price falters at R, coming all the way back to the MP of the hinge. If long, this in and of itself is not cause for concern. If one is looking to go short at R, this is the opportunity to do so.

 

So if you are long, you stay long because the Hinge MP held, so another attempt at resistance is anticipated, makes sense. What about the short, this is the opportunity to do so, but on a Double top or LH right?

 

  Quote
Third, price makes a LH. If price had reached R with no hesitations, this would be a more attractive short than it is otherwise because of all that sellers have to wade through in order to gain any momentum. The midpoint of the last rally, which happened to coincide with the top of the hinge, was one such hurdle. But price still has to work its way through the congestion that created the hinge. In any case, if long, the LH is sufficient justification for exiting, though one might also have exited when price first hit R.

 

Price makes a LH, isn't this the opportunity to go short you were referring to in the previous quote? (same opportunity that I suggested before the plunge). The part about the hesitations I find interesting: So if price had gone up in a straight line, with no contraction in volatility it would be more attractive to you? Funny, I tend to look at it the opposite way, for me, the fact that there is hesitation on the LH, means that there is still a lot of supply up here, and buyers don't have it in them to bid prices higher aggressively, like they did the first time.

 

  Quote
Like Jim Rogers, I prefer to wait until I see money in the corner, just waiting for me to walk over and pick it up. The 55pt drop in PL was nice. I'm not eager to give it back.

 

Sorry, but I don't understand this part, what 55 pt drop are you referring to, the one from 1740? Is this a scalp from the first test of R to the MP of the Hinge?

 

And one more thing:

 

  Quote
Your puzzlements have to do with ignoring context. Trading a daily bar is not the same as trading a 1m bar. The psychology is entirely different. Similarly, a LH after an extended trend is not the same as a LH after finding R at the top of a TR. Since you're not trading daily charts, you have to be careful not to take the wrong lessons out of these charts.

 

I read in one of your posts that once you test a setup on a bar interval, it is applicable to any other. In this case I am replacing my usual intra-day intervals, (Daily/30m for S/R and 1m for entry) for longer term trading (Weekly/Daily for S/R and 1h/4h for entry).

 

I thought this was the logical thing to do.

 

Thanks for this fruitful discussion, as always so much to learn...

Share this post


Link to post
Share on other sites
  PrymeTyme said:
well the funny thing is , u only know it in hindsight! funny isnt it ! but thats how it is

 

u may know that a potential selling climax is forming and therefore u may lay out a plan

how to trade such a scenario ... as a selling climax only is one after it has been retested

and it held.. same for buying climax...

 

 

an example.. on HLF herbal life Daily TF... we have evidence of a potential selling climax

here .. and we are on the way to test the lows of it.. but it looks like we may .. find a

higher low atm.. where at least for my trading plans.. a Long setup would be justified on

the break of the actual bar .. whereas .. i even would consider a reverse if the long play

wouldnt play out (long1) .. cause we have not ,much interrest as seen on the volume ie.

activity... yes we closed on the highs .. but u want to see more bullish activity the more

the better if ya play the SC to soon.. .. ie not near the lows of the SC.. therefore .. u

should be ready .., to even reverse the long position and take a short ,, playing the Retest

of the lows Of the pot. SC.. (short1 rev.) ..

 

as u can see u have to lay a plan ahead before jumping in... especially that soon...

 

from then on other scenarios .. come into play aswell.. if PA dictates o fcourse..

 

as on Short 2 a range may develope .. wheras the Long 2 may be the Succesfull retest of the SC and would justify,.. a long .. etc..

 

u have to play the markets how they develope. and judge its behaviour.. at any time..

 

Ie. u gotta be prepared

 

cheers

 

ooops ;)

 

Daily:

attachment.php?attachmentid=34721&stc=1&d=1361019262

Hourly:

attachment.php?attachmentid=34722&stc=1&d=1361019262

hlf2.thumb.PNG.a76501760e3fb74d718bd873778c8f37.PNG

hlf1.thumb.PNG.868650a8cf54a20555703f7a95cf146a.PNG

Share this post


Link to post
Share on other sites
  tupapa said:

Ok, so you are going long here preempting a breakout above resistance.

 

Someone could choose to go long. Having a hinge so close to potential R gives a controlled and determinable exit point. Also note it is a potential R and might not even act at R hence taking advantage of a hinge so close may be utilized in the even that price just starts going up from here.

 

  tupapa said:

So if you are long, you stay long because the Hinge MP held, so another attempt at resistance is anticipated, makes sense. What about the short, this is the opportunity to do so, but on a Double top or LH right?

 

One's plan regarding how to play a hinge is paramount here. If you have a plan then use it here, otherwise wait for R.

 

  tupapa said:

Price makes a LH, isn't this the opportunity to go short you were referring to in the previous quote? (same opportunity that I suggested before the plunge). The part about the hesitations I find interesting: So if price had gone up in a straight line, with no contraction in volatility it would be more attractive to you? Funny, I tend to look at it the opposite way, for me, the fact that there is hesitation on the LH, means that there is still a lot of supply up here, and buyers don't have it in them to bid prices higher aggressively, like they did the first time.

 

The hesitation I believe is visible around the 1710 area (the puny bar) after the first rejection. On the way down after the test this hesitation could have become a hindrance. You in RT wouldn't know whether this hesitation could turn into a rallying point for demand to show up. In hindsight the hesitation area didn't cause much issue after the test for R but was something you had your eyes on just in case.

 

  tupapa said:

Sorry, but I don't understand this part, what 55 pt drop are you referring to, the one from 1740? Is this a scalp from the first test of R to the MP of the Hinge?

 

I believe so. Keep in mind this is futures and a 55 point drop is quite significant, perhaps to take some partial profits. However, whether a profit is taken or not is based on one's plan and may not be something you or I would do just because Db might prefer it.

 

  tupapa said:

I read in one of your posts that once you test a setup on a bar interval, it is applicable to any other. In this case I am replacing my usual intra-day intervals, (Daily/30m for S/R and 1m for entry) for longer term trading (Weekly/Daily for S/R and 1h/4h for entry).

 

I thought this was the logical thing to do.

 

Seems logical. Just see what you find comfortable. The objective is just to see price move somehow and bar interval is just a aid in doing so.

 

As always this is an interpretation on my part of what Db might have implied and there's no guarantee that's what he meant. I am sure he'll correct me where I am wrong.

 

Happy trading,

 

Gringo

Edited by Gringo

Share this post


Link to post
Share on other sites
  Quote
The hesitation I believe is visible around the 1710 area (the puny bar) after the first rejection. On the way down after the test this hesitation could have become a hindrance. You in RT wouldn't know whether this hesitation could turn into a rallying point for demand to show up. In hindsight the hesitation area didn't cause much issue after the test for R but was something you had your eyes on just in case.

 

Could you elaborate on this? maybe bring up some charts? I am most interested in this since it is what confronts the most with the short I suggested.

 

  Quote
I believe so. Keep in mind this is futures and a 55 point drop is quite significant, perhaps to take some partial profits. However, whether a profit is taken or not is based on one's plan and may not be something you or I would do just because Db might prefer it.

 

Futures or not, Db has repeatedly pointed out that this charts are aimed at EOD trading, not scalping.

 

If I was to short Platinum, on a rejection of a weekly resistance level, using EOD charts there is no way I would be taking a 55 point winner.

Share this post


Link to post
Share on other sites

I like Abengoa, they are involved in the construction of Concentrated Solar Power plants, which I believe will be a major technology in power generation.

 

I made my preparation last night:

 

A few weeks ago, they handed every shareholder 3 shares per share they owned, hence the violent drop in price.

 

On the 5h, there was a strong up-wave from 2.00 which we are now testing, and it looks like we could be making a HL.

 

attachment.php?attachmentid=34762&stc=1&d=1361191870

attachment.php?attachmentid=34763&stc=1&d=1361191870

 

Since today was the 3d day of support at 2.9, I entered at 2.13, if the reversal is confirmed, I have a primary DL to play with.

 

attachment.php?attachmentid=34764&stc=1&d=1361191870

 

A hard stop is placed below the HL at 1.9

5aa711b9ed3b6_ABG5h.png.5e802b041641038beba01d7f7bb2587b.png

5aa711b9f134c_ABGwaves.png.f66df20f31fcd671c00ec0d11cfe3699.png

ABG.JPG.cd13db89cb14831b6d5ca74b4d571814.JPG

Share this post


Link to post
Share on other sites
  Gringo said:
As always this is an interpretation on my part of what Db might have implied and there's no guarantee that's what he meant. I am sure he'll correct me where I am wrong.

 

Not wrong. Anything but. However, there's a matter of context here. A lower high carries the same message whenever and wherever it occurs: selling pressure is beginning to have greater influence than buying pressure. But a lower high on a 1m chart, for example, does not provide the same result as a lower high on, for example, a daily chart if for no other reason than so fewer people even see it. Similarly, while a lower high at the end of an extended run on, for example, a daily chart might provoke frenzied selling (e.g., AAPL), a lower high after hitting R in a trading range would likely provoke no more than a ho-hum since this is what is expected and has been anticipated ever since price bounced off support.

Share this post


Link to post
Share on other sites

How does this look as a long? It is a bit away from the base hence greater danger of a reversal. In any case there are clear levels for stops which make it somewhat easier to handle. Price isn't coming down to close the gap. I would look at it as a sign of strength.

 

attachment.php?attachmentid=34793&stc=1&d=1361245525

 

Gringo

5aa711ba93260_VDaily.png.05e9c6cfcb296baabf8724466e35b325.png

Share this post


Link to post
Share on other sites
  Quote
Third, price makes a LH. If price had reached R with no hesitations, this would be a more attractive short than it is otherwise because of all that sellers have to wade through in order to gain any momentum. The midpoint of the last rally, which happened to coincide with the top of the hinge, was one such hurdle. But price still has to work its way through the congestion that created the hinge. In any case, if long, the LH is sufficient justification for exiting, though one might also have exited when price first hit R.

 

Thought I would answer my-self here, and correct me if I am wrong. I believe when you mention, "if price had reached resistance with no hesitations it would've been a more attractive short", you were referring to the Hinge in Platinum, not that small hesitation on the test.

 

I can see why you would mention this, as we have seen with Platinum, price approached R but formed a Hinge before the level.

 

If we compare this with silver for instance, that also reached the top of the range but a few months ago, we can see how it went up in a straight line, and there was no Hinge or other congestion to deal with, so the LH was a much more attractive short.

 

attachment.php?attachmentid=34797&stc=1&d=1361272098

 

Makes total sense now, cheers DB.

Silver.JPG.e1770f10fd4e223f7a8e8003bdaa7866.JPG

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By vishnux
      Hey guys , what are the main things you look for to detect if the consolidation area is accumulating or distributing ? 
      1 ) I see springs in top , still markup happens and it becomes accumulation area and vice versa
      2) There is lots of volume absorption in support line and still markdown occurs.
      3) sometimes in market high / low it becomes re-accumulation  / re-distribution
      Is there any clear way to find it ? 
    • By millonmethod
      Hello everyone!
      I am an advanced trader, with many years of experience (about 15 years - 10 living exclusively from this)
      I am going to give you some tips that you must know:
      There are going to be many people who tell you that trade is easy, that with only crossiing a line  with another one you will win a lot of money.... and that´s not true.  No, Sir, reality is far away from that. Many people who start arrive here with the hope that someone "gives them" a free method, they watch youtube videos thinking that this will give them the "strategy" and in a few days they realize that it does not work for them - they lose money - and then They go looking for a new one ... and so on. YES, IT´S TRUE YOU EARN IN TRADING, A LOT. BUT THINK: for a few to win (10% + any BROKER) many others must lose (90% people). YOU MUST HAVE A MONEY MANAGMENT FORMULA ( you can email me) People study so many years to live on this, not because they are dumb, but to know what they do, when, and have absolute effectiveness. It´s very easy to get lost here: do not disperse, jumping from one to another strategy WILL NEVER give you money, it will only waste your time and make you nervous when trading. PEOPLE WHO CHANGE THEIR METHOD CONSTANTLY : LOOOOSE ALWAYS.   If you have the knowledge to develop it, take your time and do it.  Always try it first on DEMO for at least 2 weeks! If not: search to buy a solid strategy (no you tube videos pleassse ! Avoid losing money! ) This is like any business, it requires some capital to start (capital = money in the broker + solid made /purchased strategy) If you are lost: I RECOMMEND YOU NOT TO WASTE TIME IN YOUTUBE, JOIN PEOPLE WHO HAVE EXPERIENCE AND IF YOU ARE GOING TO BUY A METHOD ... PLEASE !!!! DO NOT BUY 10 BAD AND CHEAP METHODS, SAVE MONEY AND BUY ONLY 1 BUT EXCLUSIVE AND MUST ALLWAYS HAVE SUPPORT !!!!!  Do not buy Signals! They never keep up with constant profits! One week will win and the next will lose. Nothing that does not depend absolutely on you will give you the money you are looking for. And if you do not have a strategy (made or purchased) do not even try PLEASE PLEASE PLEASE: DO NOT USE REAL MONEY! AT LEAST 2 WEEK DEMO FREE HELP HERE!!!!!  IF YOU FOLLOW MY ADVICE YOU WILL BE PART OF THAT 10% WINNER, email me.
      Have a nice trading day
       
       
  • Topics

  • Posts

    • MA Mastercard stock, nice close and bull flag breakout at https://stockconsultant.com/?MA
    • Of course, I had to ask what he thought about AI.   Because if you can make an entire film on a laptop in your bedroom, do we even need Hollywood anymore?   Will’s answer: Yes, AI will take jobs. (Production, sets, background extras, you name it.)   Yes, it will make movies cheaper.   But no, it won’t replace human storytelling.   Because AI doesn’t know why you care.   It can generate dialogue, sure. But can it make you feel? Can it tell the definitive story of your life?   (Well, unless you’re a robot, in which case… congratulations on reading this far.)   Confidence Is a Muscle—Here’s How to Build It   Will brought up something crucial.   Most people wait until they feel confident.   That’s a mistake.   Confidence comes after action.   Not before.   So how do you build it?   Manufacture wins—Set tiny goals. Don’t climb the whole mountain. Just put on your hiking boots. Control your input—Stop giving away your power. Just because someone in authority tells you no, doesn’t mean you stop. Hack your own brain—Every morning, tell yourself what you need to hear. And just like that, you’re training your mind the way an athlete trains their body. By James A.  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • Herbert Wigwe's extended family and the kids he left behind are on a warpath.   The war started immediately. Herbert, the benefactor of the warring parties, was buried last year.   What is at the heart of the war is the vast wealth that Herbert left behind.   What are the issues behind the fight between the two parties, and what are the lessons we can learn from the infighting between the two parties?   It is story time.   1) In 2013, Herbert drafted his will and deposited it with a court in the US.   The will was later reviewed in 2015, 9 years before his actual death.   But he did more than a will.   2) A family office called Tengen Family Office was set up in 2017.   What the finance professionals that work for the family office Tengen Family do is simple.   To manage the wealth of the founders of Tengen: Aigboje Aig-Imoukhuede and Herbert Wigwe.   Aigboje Aig-Imoukhuede is the chairman of Access Bank and the co-founder of Access Bank.   AIG and Herbert founded Access Bank together.   Speaking of Aigboje Aig-Imoukhuede, Herbert made him a trustee of the will he drafted in 2013 because he trusted his friend, brother and business partner to manage and protect his interest when he is no more   And AIG has been doing that since Herbert died.   But the conflict is more than AIG and being an enforcer of Herbert will   3) Before he died, Herbert was a wealthy man, a billionaire in naira and a millionaire in dollars.   He was the largest individual shareholder of Access Bank with a 9% shareholding of the bank.   His shares in the bank are worth 125 billion.   To buttress the kind of wealth that Herbert left behind   After his death, his estate received 1.1 billion in dividends last year for the 2024 dividend from Access Bank that would have gone to Herbert if he were to be alive, but the money will now go to Tochi and her younger siblings, and this payment will continue to the estate as long as Access Bank is in existence and profitable.   But he was wealthier than this.   He owns a vast real estate portfolio scattered all over the country.   He also owns the popular Wigwe University.   He built a palatial mansion at Queen Drive, Ikoyi, a palatial house that Herbert did not get to enjoy before he died.   He also owns substantial dollar savings running into millions of dollars in his dollar domiciliary account.   He also owns a private jet as well.   For a man who was this wealthy, he was intentional about his family and their welfare in the event of his passing.   5) In the will that he wrote in 2013, which was reviewed in 2015, he was very clear with what he wanted.   In the event of his death, his wealth should be managed by his estate and the family office, and the profit from the investment should be enjoyed solely by his kids alone.   Not his father, mother, or siblings.   His kids alone and he was clear with this instruction   When the family office was set up in 2017 to manage his wealth and that of his business partner AIG   The same instructions were left by Herbert to the manager of his wealth.   6) In his lifetime, Herbert had a cousin who is a lawyer, Uche Wigwe, and because Uche enjoys his confidence and trust, he made Uche and AIG, his business partner, the trustee of his will.   7) Herbert died last year; he did not see his death coming and was not ready for it.   But he was prepared.   Herbert was a meticulous man in his lifetime and so had a will and a family office to protect his kids regardless of their age and gender.   It is irrelevant that the only remaining heir is a female.   As long as she is Herbert’s kid, acknowledged by him in his lifetime, she is entitled to enjoy the wealth made by her dad.   8. After his interment last year at Isiokpo, his extended family had a brainwave.   Since Herbert, our benefactor, is no more, we can’t allow the kids to enjoy this vast wealth alone.   They're too young to enjoy such a vast wealth, and besides, the oldest of the surviving kids is a 26-year-old, Tochi.   Tochi is a woman, and in their thinking, too young to control what his late dad left behind. The rest of Tochi‘s surviving siblings are younger than her and they are in secondary schools.   The Herbert Wigwe family is accusing Tochi of living a champagne life, which they believe she is too young to enjoy.   Tochi is living alone with the house servants in the palatial mansion on Queen Drive, Ikoyi, that her dad built, which he did not enjoy before he died.   They also accused her of flying private jets and using the private jet that the dad left behind for her local travel.   To regulate this extravagance and more, they are demanding 20% ownership of the estate (wealth) left behind by their late son.   They also demand joint custody of the kids under the supervision of their 90-year-old dad.   9) When the family could not prevail on AIG and Uche Wigwe, the two trustees that are managing Herbert's wealth, to dance to their tune, the case proceeded to the Lagos High Court last year.   Just last week, the case was thrown out by the court for lack of merit.   To the shock of many following the drama, the Wigwe family went to Appeal court to appeal this verdict by Lagos high court.   10) The biggest lesson to take home from this Wigwe soap opera is simple.   Nobody knows when death will come, but as a rich man or woman living in Nigeria, put a proper structure in place to protect your family from the greed of your family who wants to reap where they did not sow.   Write a will.   Establish a family office to manage your wealth.   Appoint trustworthy people you trust as trustees and enforcers of your will.   This is the debt and the duty you owe your kids.   And this is what Herbert has taught us and is the best exemplifier of this. – Attributed Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • The following 10 year backtest was generated by my custom trade-stacking EA dedicated to the GBPJPY forex pair. It stacks profitable trades of different lot sizes, so this MT5 EA can be used in both hedging and netting accounts. As the EA stacks winners, and not losers, the floating profit (green line) floats above the equity (blue line) which indicates low drawdown. This strategy requires starting capital of 500,000 USD for an account that allows standard, mini, and micro lots; or 50,000 USD for an account that allows standard, mini, micro, and cent (nano) lots. The full backtest report is available if you request it. I programmed this EA for a commercial trader who could not get enough capital to use it, so I'm selling licensed versions of it. The MQL5 Market has, for the most part, been banned from doing business in the U.S. so this EA is not posted there. Just shoot me a message if you're interested.
    • BAC Bank Of America stock watch, pullback to the 44.05 gap support area with bullish indicators at https://stockconsultant.com/?BAC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.