Patterns Observation.

[Branzo]

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[Branzo]

So far I have the 3LZZ, inside bar plot and multimeter (bias), am I right in saying that the 3LZZ shows how strong / weak a S&D area is by the number that is plotted?

[aliassmith]

After reading this forum from page 1 again, I think I’m going to give 3LZZ a go on the charts. I think I was failing before because of my short attention span, the 1M keeps me focused. Any pointers and advice on this?

My advice dont just watch the candles. Really pay attention to how it reacts and turns at certain points to go with your bias

[kiwiarian]

After reading this forum from page 1 again, I think I’m going to give 3LZZ a go on the charts. I think I was failing before because of my short attention span, the 1M keeps me focused. Any pointers and advice on this?

Some people on the LTF use the Semaphore as a break out, not a reversal, so they chase the Semaphore.

Recently I came across a picture from Dragon33 (who was big on here a few years ago), which showed how he did his method in Drain the Banks thread.
post21471?hilit=indicato#p21471

Tro has some tips in his videos, not sure which one it is of these but talks about using MTF's to catch the reversal

https://www.youtube.com/watch?v=IC0Cxrujov4&t=39s
https://www.youtube.com/watch?v=rnYLiQiorOQ
https://www.youtube.com/watch?v=zcH9YORRUiQ

Alias, author of the Dead Horse Thread mentioned he has tried for a while on this technique but was not able to get good results from it.

Hope that helps.

[BambinoFlex]

3LZZ is nice to have to see the waves. Trading them is a different story, as Dragon pointed out, waiting will yield better results. I pay more attention when I see the 3 ball. Not that I enter immediately…sometimes it will be hours until you see that strong reversal momentum

[aliassmith]

After reading this forum from page 1 again, I think I’m going to give 3LZZ a go on the charts. I think I was failing before because of my short attention span, the 1M keeps me focused. Any pointers and advice on this?

Some people on the LTF use the Semaphore as a break out, not a reversal, so they chase the Semaphore.

Recently I came across a picture from Dragon33 (who was big on here a few years ago), which showed how he did his method in Drain the Banks thread.
post21471?hilit=indicato#p21471

Tro has some tips in his videos, not sure which one it is of these but talks about using MTF's to catch the reversal

https://www.youtube.com/watch?v=IC0Cxrujov4&t=39s
https://www.youtube.com/watch?v=rnYLiQiorOQ
https://www.youtube.com/watch?v=zcH9YORRUiQ

Alias, author of the Dead Horse Thread mentioned he has tried for a while on this technique but was not able to get good results from it.

Hope that helps.

I didn't like how the indicator repaints and all entries look optimal when it finally stays. I prefer points of reference that don't disappear then move.

[kiwiarian]

After reading this forum from page 1 again, I think I’m going to give 3LZZ a go on the charts. I think I was failing before because of my short attention span, the 1M keeps me focused. Any pointers and advice on this?

Some people on the LTF use the Semaphore as a break out, not a reversal, so they chase the Semaphore.

Recently I came across a picture from Dragon33 (who was big on here a few years ago), which showed how he did his method in Drain the Banks thread.
post21471?hilit=indicato#p21471

Tro has some tips in his videos, not sure which one it is of these but talks about using MTF's to catch the reversal

https://www.youtube.com/watch?v=IC0Cxrujov4&t=39s
https://www.youtube.com/watch?v=rnYLiQiorOQ
https://www.youtube.com/watch?v=zcH9YORRUiQ

Alias, author of the Dead Horse Thread mentioned he has tried for a while on this technique but was not able to get good results from it.

Hope that helps.

I didn't like how the indicator repaints and all entries look optimal when it finally stays. I prefer points of reference that don't disappear then move.

It seems to get peoples hopes up easily with those big yellow signals.
After seeing Dragons example of the 1hr and waiting a while, I do have a 1 hr window up now as a point of reference.

[Don_xyZ]

3LZZ is nice to have to see the waves. Trading them is a different story, as Dragon pointed out, waiting will yield better results. I pay more attention when I see the 3 ball. Not that I enter immediately…sometimes it will be hours until you see that strong reversal momentum

Yes. I talked about trade grading here. Also, there is a reason why big guns wait for those M/ W/ H&S/ QM patterns. I also already talked about this here.

Some people on the LTF use the Semaphore as a break out, not a reversal, so they chase the Semaphore.

Recently I came across a picture from Dragon33 (who was big on here a few years ago), which showed how he did his method in Drain the Banks thread.
post21471?hilit=indicato#p21471

Tro has some tips in his videos, not sure which one it is of these but talks about using MTF's to catch the reversal

https://www.youtube.com/watch?v=IC0Cxrujov4&t=39s
https://www.youtube.com/watch?v=rnYLiQiorOQ
https://www.youtube.com/watch?v=zcH9YORRUiQ

Alias, author of the Dead Horse Thread mentioned he has tried for a while on this technique but was not able to get good results from it.

Hope that helps.

I didn't like how the indicator repaints and all entries look optimal when it finally stays. I prefer points of reference that don't disappear then move.

It seems to get peoples hopes up easily with those big yellow signals.
After seeing Dragons example of the 1hr and waiting a while, I do have a 1 hr window up now as a point of reference.

Yes. Have your H1 and D1 open and look for entry in 1 min or 5.

[kiwiarian]

3LZZ is nice to have to see the waves. Trading them is a different story, as Dragon pointed out, waiting will yield better results. I pay more attention when I see the 3 ball. Not that I enter immediately…sometimes it will be hours until you see that strong reversal momentum

Yes. I talked about trade grading here. Also, there is a reason why big guns wait for those M/ W/ H&S/ QM patterns. I also already talked about this here.

I didn't like how the indicator repaints and all entries look optimal when it finally stays. I prefer points of reference that don't disappear then move.

It seems to get peoples hopes up easily with those big yellow signals.
After seeing Dragons example of the 1hr and waiting a while, I do have a 1 hr window up now as a point of reference.

Yes. Have your H1 and D1 open and look for entry in 1 min or 5.

So Don, if you don't mind me asking, what was your big light bulb moment in your early days that put you on to keeping your accounts in the positive?

[Don_xyZ]

3LZZ is nice to have to see the waves. Trading them is a different story, as Dragon pointed out, waiting will yield better results. I pay more attention when I see the 3 ball. Not that I enter immediately…sometimes it will be hours until you see that strong reversal momentum

Yes. I talked about trade grading here. Also, there is a reason why big guns wait for those M/ W/ H&S/ QM patterns. I also already talked about this here.

It seems to get peoples hopes up easily with those big yellow signals.
After seeing Dragons example of the 1hr and waiting a while, I do have a 1 hr window up now as a point of reference.

Yes. Have your H1 and D1 open and look for entry in 1 min or 5.

So Don, if you don't mind me asking, what was your big light bulb moment in your early days that put you on to keeping your accounts in the positive?

That's a tough question.

The proper answer would be it's a journey. Cliche, I know. But there's really no other words to describe it. I wouldn't be able to see things the way I do now without this journey. Much like 1st grade elementary student won't be able to solve 7th grade math problems because he hasn't even journeyed the 2nd, 3rd, ~ 7th grade yet; this mirrors exactly my experience and I believe the seniors' here too. One experience builds the next one.

Problem is, everyone's journey is different. Traders will start in different places because they have their strengths and weaknesses. That's why I said traders must assemble their vehicle properly. If you want to build a family car then gather the appropriate car parts. If sports car, then their parts. I am a very aggressive trader so I have an aggressive trading style, aggressive money management, aggressive tf, aggressive TP, aggressive SL, aggressive entry trigger, aggressive tools and my WIL is thick with stuff that caters to my aggressiveness. Why WIL? Coz things happen so you must be prepared. Some days you get crazy big profit, some others, lose money.

So then, is my stuff useful for everyone? Absolutely!

Someone who is very conservative can use my anchor trade. Just use a bigger tf and bigger backbone combo and/ or use a much smaller risk. Problem solved. You will have new and different problems though for example something like missed opportunities due to sleep (in the case of using H1 or H4 as your entry trigger instead of 1 minute) and as for WIL... there's really not much I can help with because this is the journey, your journey. I already put a guideline and general ideas of what WIL is and what must be inside of it. Everything's out in the open in this thread.


Hope this touched your question.