Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
OK. I'll just follow along and watch from now on. I do like this kind of odd stuff (pitchfork and geometry) and if I can learn something that's cool. If you ever decide to trade it, that will be cool to follow also, if you post your trades.
But no one is being a troll. Members here are trying to be of help. If you don't need any, that's OK too.
I would like to ask why you keep mentioning indicators. No one else has, and no one is pushing any on you, or trying to sell you anything. Whatever you use is your business; people just want to be sure you know what you are getting into. If you do, then no problem, mate. Life's too interesting, and short, to spend any of it pointlessly arguing.
Which means I'll stop now.
Good luck, man. No fooling, I want to hear that you have had great success in your trading.
remind me of the way I learnt to ride bicycle, no reading just doing it and falling down a lot. Elon Musk built a rocket company by first reading all he can about building a rocket so you are in good company. As far as pitchfork concerned I was in Tim Morge's Median Line group until it gone. I was serious enough to buy his self published book but when it's time to pull the trigger there was always this nagging question, will it work this time?
Thanks for some feedback having used them in the past. Right, everything stops working at some point. I have seen positive and negative comments about Tim, how was your experience? Using any of that today?
my experience, spending too much time looking for things that fitted, after all you have 3 types of pitchforks and unlimited number of parallel lines to choose from? big realization = "I am not Tim"
No offense intended. I did not do background checks. I really do not know who is who here. Was hoping for something more constructive. I guess geometry is a lost "art". Saw some recent videos that made me think differently. Let's move on and decimate my Volume Profile thoughts next. Some of those however come from FT71 who seems to have a good rep here.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
I just read this entire thread. I’m tired now....lol.... Your passion @edward40 is a great thing never lose it!
I have used some market geometry and harmonic patterns. Gartley Butterfly AB=CD etc
I have Larry Pesavento’s book Trade What You See. I watched one of his webinar here at FIO. Good stuff for sure. I encourage you to find that webinar here.....
Personally I feel any trading method with a true edge can make money. As many people trading these markets well ....that’s the same number of ways there are to trade them ... we are all unique.
In the end what we are are risk managers. It’s all about trade management, position sizing and defining risk beforehand. The entry is a very small part.
Everything in your life will come out of you on the hard right edge with skin in the game. Scary poop.
I suffer from the Flash Crash of May 6th 2010. Back then it was me on my laptop in the kitchen before I took over my office and made it ugly for my wife’s eyes with 8 screens. 6 on trade machine a laptop and another desktop machine (my “old” trade machine I say old in quotes because it’s still a Rock’n machine it’s just that my new trade machine crushes it to dust. But thx Intel for the wonderful design flaw we shall see how it turns out....lol https://www.theregister.com/2018/01/02/intel_cpu_design_flaw/)
Oops sorry got carried away.
So standing in my kitchen 9 years ago trading stocks with Scott Trade I screwed up so many times it’s sick. (I should maybe say, I make my wife go to work and I am a trader/stay-at-home dad) I would enter the market and the platform would somehow (still a mystery...lol) get me out of the market the next second. I was doing “stuff” wrong somehow. Then the Flash Crash came along as I was on the phone with IB. (Be this time I had switched brokerages) I saw just what could happen in the market as the Dow’s bottom fell out and I let out a scream to the poor guy on the other end of the line.
This coupled with my order placement errors did some kind of damage to my psyche.
Still comes out of me when I trade and I have to manage that too now .... not just my trade. I’m working on it from a number of ways. Developing right brain abilities. Meditation. Prayer.
My point in all this is that the entry becomes less and less important. Because much bigger “things” raise their ugly head.
Of course the entry is important but less so than many other aspects of this business.
Keep it up @edward40 everything in your life is perfect for you.... if you except it... this path you are on right now included.
Thanks, no doubt it is the hardest business. Will watch the webinar tonight, looks interesting for sure. So far simple channels are providing some amazing areas for entry, looking forward to testing the bigger patterns.
Call me cynical, but someone knew the big news was coming.
240M chart of INTC show excellent respect of pitchfork lines. Resistance at center, moves down, pulls back for dead cat bounce and down we go.
Note how it popped back from what may be called the angles "trigger line" at the bottom, drawn from the forks pivots.
Found some scary, yet typical complaints about Larry on the web regarding managing other peoples money. That being said, I will still go deeper into his methods.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
IMHO you will find that kind of stuff for everyone that manages OPM ..... most don’t understand risk because they are to attached to there cash. Everybody has drawdowns. Risk management is a skill and can be very counter intuitive.
I don’t know much about Larry but I do know that he and Mark Douglas were friends. And if he was ok in Mr Douglas’ book he is pretty much ok in mine.
