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Webinar: Larry Pesavento on Chart Geometry and Patterns
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Webinar: Larry Pesavento on Chart Geometry and Patterns

  #11 (permalink)
jonica
Reggio Calabria Italia
 
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thank you

thanks Mike for having Larry presentation is always an inspiration listen him talking he goes true the point that is what we need as a trader and i do agree that mental preparation is the most important think i do like the 9 inch cycle thanks again for having many great speakers


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  #12 (permalink)
Elite Member
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Thank you

Thanks Mike for making Larry's presentation possible and to Larry for sharing.

Thought the presentation was great and quite informative. Larry's passion and knowledge came through quite clearly.

Thought of this question after the fact. Why does Larry trade the EUD/$ vs the the G6e future contract? Cost, depth of market and or patterns are more reliable??

Thanks!

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  #13 (permalink)
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Big Mike View Post
Thank you to Larry for his time today, and congrats to the prize winners:

(5) book winners:

@Trader Chris, @FB2012, @chhatlani, @Futures Operator, @Hawk9

And (5) service winners (from Larry):

@cinchona, @mstrader800, @LC001, @jhobbs92, @gary71312

I will contact you shortly.

Mike

I have heard from all the winners and have sent the info to Larry. He will autograph the books and mail them back to me, and I will then mail them to their final destination. ETA ~3 weeks.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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  #14 (permalink)
Banned: trolling
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great webinar,

using the tools available on futures.io (formerly BMT),
and using the concept, as explained, that indicators are lagging, then with his presentation, and his charts displayed,

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which indicator, that displays these basic fibs would you download and use, just to configure your charts in a similar fashion?

notice this style of relaxed trading, (please comment on your perceptions too),

waits until price approaches and either reverses or trades through those important levels of the fibs
also, certain actions are expected based on those fib levels, hence his reference to pulling your bets off the blackjack tables, which you can not do live in gambling (in contrast to speculation)

ok,


this should be interesting, and please post screen snapshot too

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  #15 (permalink)
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I took time to day to sign up for a trial of the Ensign Windows software and give it a go.

I haven't had time to look through much less figure out how to manage its icons and controls.

I did load the Pesavento fib patterns on an hourly chart and waited to see what would happen when ES price hit my 78.6 fib extension at 1578 on my daily chart. That coincided with the bottom of my down channel.

Interestingly, the software revealed the 1.272 fib alignment that showed up after the price was tagged and bounced. Larry said he primarily works with 1.272 and 1.618. I also noticed that .707s commonly came up in his displayed charts.

The secret sauce is setting up the swing cycles correctly to get these kinds of numbers. Ensign can do that automatically if you so chose based on your chart size.

Ken
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  #16 (permalink)
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COTtrader View Post
I took time to day to sign up for a trial of the Ensign Windows software and give it a go.

I haven't had time to look through much less figure out how to manage its icons and controls.

I did load the Pesavento fib patterns on an hourly chart and waited to see what would happen when ES price hit my 78.6 fib extension at 1578 on my daily chart. That coincided with the bottom of my down channel.

Interestingly, the software revealed the 1.272 fib alignment that showed up after the price was tagged and bounced. Larry said he primarily works with 1.272 and 1.618. I also noticed that .707s commonly came up in his displayed charts.

The secret sauce is setting up the swing cycles correctly to get these kinds of numbers. Ensign can do that automatically if you so chose based on your chart size.

Ken
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

yes I was noticing that too, and the fact that their auto feature was vastly easier to manage than the standard processes in most charting packages including SC, and others too


for that reason it might be worthwhile considering your change too, but working within what we use, if that is ninja, then it would be interesting to see whether anyone else is noticing or solved that equation too

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  #17 (permalink)
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@kronie

Fxgroundwork.com has already done it. There are other vendors like Wave 59, Motivewave and Autochartist, Harmonic Wave, Surinotes (I think) that have automated Gartley patterns. Why Ensign--because LP has incorporated his own software package with it. There are others.

Again, in is in how you set up the swing cycles and understand larger time frames of reference.

Ken

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  #18 (permalink)
jonica
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COTtrader View Post
@kronie

Fxgroundwork.com has already done it. There are other vendors like Wave 59, Motivewave and Autochartist, Harmonic Wave, Surinotes (I think) that have automated Gartley patterns. Why Ensign--because LP has incorporated his own software package with it. There are others.

Again, in is in how you set up the swing cycles and understand larger time frames of reference.

Ken

i have to agree with you i use ensign for years the software is not gone make you money now i just hand drow my lines and watch how re-acted at those levels

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  #19 (permalink)
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Received the book price

Today I received,

the signed copy of Larrys book, i asked him to wish me the most
important qualities a trader would need to get successful.
According to Larrys autograph, discipline and patience are the most important ones.

@Big Mike thank you for putting about 74 stamps on the envelope, that looks very nice.

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  #20 (permalink)
Site Administrator
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FB2012 View Post
Today I received,

the signed copy of Larrys book, i asked him to wish me the most
important qualities a trader would need to get successful.
According to Larrys autograph, discipline and patience are the most important ones.

@Big Mike thank you for putting about 74 stamps on the envelope, that looks very nice.

That was done by post office. They wanted to get rid of stamps.

Sent from my LG Optimus G Pro

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

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