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TF day trading

  #1321 (permalink)
 HighRise1202 
houston
 
Experience: Intermediate
Platform: nt
Posts: 407 since Sep 2010
Thanks Given: 266
Thanks Received: 274

No one knows where the market will move next. The issue is this; can you increase the probability of predicting above 50 percent? Good use of indicators can increase your odds. Some say they achieve over 75% accuracy. To those people I say, "Congratulations!"


jgomez74 View Post
Hello bluemele,

Have you or anyone using the NFT trading method found out how to identify when there is a pivoting market day or when there is a trending market day?

I think this is very important. The NFT method is a pivoting market method. It does not work when you have a trending market, and you can make several gifts to the market. You may have even clear and significant bearish divergence on 1597 macd, but the market still keeps pushing up and up following a higher time frame trend.

Of course, there are pullbacks, and may have entries on those pullbacks to go long, but then the macds do not give clear signals to have a long entry, but they keep giving false signals to go short and the market keeps going up.

This is key, otherwise using the NFT mehtod we can only trade on pivoting markets, but first we need to identify that there is a pivoting market and not a trending market.

We might think that if the market breaks the pre-market high, then there will be a long trending market, or if the market breaks the pre-market low, then there will be a short trending market. However, we all know that there can also be false breakouts, so breaking the high or low of the day is not enough to determine if we will have a trending market or a pivoting market, and in additon those trends will also come to an end, so how to know when those trends are alsoc coming to an end?

I´ll appreciate a lot anybody posting something about it.

Jorge


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  #1322 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
Posts: 952 since Sep 2011
Thanks Given: 562
Thanks Received: 1,280


HighRise1202 View Post
No one knows where the market will move next. The issue is this; can you increase the probability of predicting above 50 percent? Good use of indicators can increase your odds. Some say they achieve over 75% accuracy. To those people I say, "Congratulations!"


Hit the nail on the head there Orin

I do really think this method gives us edge when executed with the right understanding and mentality


Think mike want us to carry this on in the NFT section now

Only thing i think mike should consider

Henry didn’t not mess people about regards the teachings and methods

He took advantage of people’s money with investments which i think is a complete different subject and discussion

But this down to Mike


Was you a member of NFT jgomez74?


over and out

regards

Ryan

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  #1323 (permalink)
jgomez74
Chihuahua, Mexico
 
Posts: 33 since Dec 2011
Thanks Given: 25
Thanks Received: 44



greenr View Post
Hit the nail on the head there Orin

I do really think this method gives us edge when executed with the right understanding and mentality


Think mike want us to carry this on in the NFT section now

Only thing i think mike should consider

Henry didn’t not mess people about regards the teachings and methods

He took advantage of people’s money with investments which i think is a complete different subject and discussion

But this down to Mike


Was you a member of NFT jgomez74?


over and out

regards

Ryan

Thank you both for your answer.

As requested by Big Mike let´s move this discussion to the Anyone know of this service- newfuturestrading.com
thread

I already re-posted my last post in that other thread

And yes I was a NFT member.

Hoping to hear from you on the other thread.

Regards,

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  #1324 (permalink)
 ollivermilton 
Linz / Austria
 
Experience: Intermediate
Platform: Ninja Trader
Trading: TF, ES, Currency Futures
Posts: 106 since Oct 2011
Thanks Given: 131
Thanks Received: 76

hey blue how is it going?

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  #1325 (permalink)
 greenr 
london/england
 
Experience: Advanced
Platform: Sierra charts, NinjaTrader, VK Trader
Broker: CQG, AMP, VK, Kinetick
Trading: CL/6E/TF/ES
Posts: 952 since Sep 2011
Thanks Given: 562
Thanks Received: 1,280

@bluemele man we miss you, when you back?????????????????????

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
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Last Updated on July 12, 2012


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