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Beginners: What Really Matters: Market Geometry


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Beginners: What Really Matters: Market Geometry

  #11 (permalink)
 
rintin2x's Avatar
 rintin2x 
salt lake utah
 
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Looking good actually, one thing I notice where it could be a headache is when you start drawing lines all over the chart and you can't keep track which one is which...do you think shortening the line would help?

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  #12 (permalink)
edward40
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rintin2x View Post
Looking good actually, one thing I notice where it could be a headache is when you start drawing lines all over the chart and you can't keep track which one is which...do you think shortening the line would help?

This is less than one week into experimenting with geometry.
Actually, it pays to leave the lines for a while. They come into play over and over, especially if you get the angle right. Sometimes months into the future.
The reversal near the close looks like it was just shy of a .618 fib as well from the move down.

But I literally spent 60 seconds at 3 am walking by my PC to draw a few lines, yet they counted so much today it's crazy.

The idea sounds ludicrous, but I can plainly see this is the foundation of "someone". Probably... the big boys trading the big charts.

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  #13 (permalink)
 kevinkdog   is a Vendor
 
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edward40 View Post
Here it is rarely working today on the DOW for 150 points - 1 Hour per bar candle chart. Have not even looked at my other time frames yet.

You missed my point, which does not surprise me (it is easy to be seduced by this kind of bias). Did you take these trades in real time, or did you just note or see them after the fact? Big difference.

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  #14 (permalink)
edward40
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kevinkdog View Post
You missed my point, which does not surprise me. Did you take these trades in real time, or did you just note or see them after the fact? Big difference.

I had multiple other "entry" charts to confirm the big hourly signals. I am not currently trading, as stated in other posts. I work days, currently looking into the Nikkei 225 mini. The point of the thread is to show the validity of even a novice investing time into geometry. I already have an entry system I developed, but the geometry is showing me where/why that system failed occasionally in the past.

Yes, I would take a live entry, no issue. 1. Because I have watched my entry system work a long time. 2. Because geometry is now pointing out larger trades to me. S&R based on price in real time, not static levels.

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  #15 (permalink)
 kevinkdog   is a Vendor
 
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edward40 View Post
I had multiple other "entry" charts to confirm the big hourly signals. I am not currently trading, as stated in other posts. I work days, currently looking into the Nikkei 225 mini. The point of the thread is to show the validity of even a novice investing time into geometry. I already have an entry system I developed, but the geometry is showing me where/why that system failed occasionally in the past.

Yes, I would take a live entry, no issue. 1. Because I have watched my entry system work a long time. 2. Because geometry is now pointing out larger trades to me. S&R based on price in real time, not static levels.

Awesome, I hope it works out for you!

Have a great 2018.

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  #16 (permalink)
edward40
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kevinkdog View Post
You missed my point, which does not surprise me (it is easy to be seduced by this kind of bias). Did you take these trades in real time, or did you just note or see them after the fact? Big difference.

1. Live trades are creating angles.
2. Traders/computers are buying and selling those angles.
3. Price Action returns to the level and exhibits indications it is going to respect the level.
4. I certainly will be biased.
5. It makes pivots look like child's play.

An HOURLY bar that turns nearly to the tick twice today? I am seduced, no doubt.

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  #17 (permalink)
 
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 wldman 
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You certainly have it figured out. Trade away. Please consider trading ES between 7:20cst and 11:00 am cst. so I can pick up some ideas. You are going to kill it! You figured out geometric patterns with out square scaling on your charts AND price respected the right level twice (and to the tick). @kevinkdog is probably just jaded and insecure.



edward40 View Post
1. Live trades are creating angles.
2. Traders/computers are buying and selling those angles.
3. Price Action returns to the level and exhibits indications it is going to respect the level.
4. I certainly will be biased.
5. It makes pivots look like child's play.

An HOURLY bar that turns nearly to the tick twice today? I am seduced, no doubt.


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  #18 (permalink)
 
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 bobwest 
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kevinkdog View Post
You missed my point, which does not surprise me (it is easy to be seduced by this kind of bias). Did you take these trades in real time, or did you just note or see them after the fact? Big difference.


edward40 View Post
I had multiple other "entry" charts to confirm the big hourly signals. I am not currently trading, as stated in other posts. I work days, currently looking into the Nikkei 225 mini. The point of the thread is to show the validity of even a novice investing time into geometry. I already have an entry system I developed, but the geometry is showing me where/why that system failed occasionally in the past.

Yes, I would take a live entry, no issue. 1. Because I have watched my entry system work a long time. 2. Because geometry is now pointing out larger trades to me. S&R based on price in real time, not static levels.

There is some skepticism being expressed here, because we all have probably had these wonderful realizations that somehow did not work out when we actually traded them.

So, if you think you have something really great, then put some money into a live account with a broker and trade it in real time using real funds. You will know then.

Unless you are actually trading some idea or strategy, you do not know whether it is going to make you any money or not. No amount of non-trading will substitute for putting your money down and taking the risks of trading in real life. Somehow, everything is different then.

I understand that you work during the day and that you don't have the freedom to just trade when you want. This is not necessarily an easy thing to manage, although people have done it.

In any case, you should just be aware of the huge difference between anything that is done while you just look at a screen vs. when you have something at stake. For all I know, your charts with the Andrews pitchfork (a very old technique, BTW) and your other lines may make you millions. But you don't know either, unless you trade it. Most of us have had the (unwelcome) learning experience of finding out that our great idea didn't work out that well when we actually traded it....

Sorry to be a wet blanket here. I do hope you find something that works well for you, and that, once you do trade, you do have success. But it would help you if you didn't shrug off people who have been around this block a few times already, and who are trying to help you.

Good luck, and I do mean it.

Bob.

  #19 (permalink)
Ozquant
Brisbane Queensland Australia
 
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Some instruments lend themselves to geometry and some dont , Price can and does move inside parellel channels but i think sticking to andrews rules is restrictive . Its an art and not a science and a little subjective to pass the quantitative test easily . But as an old price action discretionary trader there can be some guidance from geometry but now as a systematic scientific type trader ive shifted focus .. I cant rely on faith anymore , i need evidence .. But as a path to systematic trading a solid understanding of price action goes a very long way so it will be a useful journey

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  #20 (permalink)
 
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 cory 
virginia
 
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edward40 View Post
Was setting up Ninjatrader color schemes and sorry, but how can this just be ignored?
This is not random, one does not even have to look that hard.
....

very cool, look like all winners all the way back.


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