Link to Peter Thorpe's FX512W TRADING THE MID TERM presentation for those that attended the Toronto seminar http://finance.groups.yahoo.com/group/northernbiglights/
SWING TRADING MARKET DYNAMICS CHANGE AS CHART READING SKILLS KICK INTO GEAR, TAKING WHAT THE MARKET HAS TO GIVE ON A SHORT TERM 50 PIP BASIS, USING MARKET INTRA DAY OSCILLATIONS AS A GUIDE TO ENTER SHORT TERM DAY TRADES.
TRADING THE MID TERM, IS TAKEN FROM THE BIG LIGHT DVDS AND REFINED BY THE FX512W STRATEGY. I WILL BE SHOWING MORE ABOUT THIS AS I PROGRESS WITH MY LEARNING FOR THOSE THAT LIKE TO TRADE SMARTER NOT HARDER FOR THE LARGER PIP GAINS. GBP/USD 4 HR. AND WEEKLY CHARTS CAN BE QUITE PREDICTIVE IN NATURE WHEN ALL SIGNALS AND PATTERNS ARE READ CORRECTLY, THE ANSWER MY FRIENDS IS WRITTEN IN THE CHARTS.
AND IF YOU STALK THE MARKET LIKE I DO, YOU NOTICE FRESH ST CHARTS ON ALL MAJORS PAIRS SETTING UP TO ROCK AND ROLL, WITH ALL THE YEN CROSS PAIRS CLOSE BEHIND. JUST PLANNING MY TRADES IN ADVANCE OF TRADING MY PLANS.....
WHAT HAPPENED AFTER THE GAP UP.
USING THE AUD/USD D1 CHART AS A PROXY, I CAN SEE THIS PAIR GAPPED UP OUT OF THE RIVER AND THE REGRESSION CHANNEL A POSITIVE BUY SIGNAL, BUT DID NOT STAY TILL THE CLOSE ON THE DAY. THIS KEPT ME FROM BEING TEASED INTO BUYING THIS PAIR ON A FALSE ALARM. BUT THIS PAIR DID NOT GO BACK DOWN AND TOUCH THE RIVER, IT STAYED ON THE OUTER EDGE OF THE REGRESSION CHANNEL, THIS IS A BULLISH SIGNAL, HOLD THAT THOUGHT.....
THE AUD/USD 360 CHART HAS A BULLISH REGRESSION CHANNEL WHERE THE PAIR GAPPED UP TO THE OUTER TREND LINE ON THE REGRESSION CHANNEL THEN DROPPED RIGHT BACK DOWN TO THE VERY NARROW RIVER WHERE IT LEFT A FRACTAL, AGAIN A SIGNAL DEPENDING WHERE THE PAIR GOES FROM HERE. COULD BE A FRESH ENTRY ON THE MT CHART.
USING THE AUD/JPY D1 CHART AS A PROXY FOR ALL THE YEN CROSS PAIRS, YOU CAN SEE WHERE THIS PAIR GAPPED UP TO TOUCH THE BANK OF THE RIVER AND THE INNER TREND LINE, BUT DROPPED BACK DOWN TO REST IN THE MIDDLE OF THE CHANNEL ACHIEVING A HIGHER LOW, A BULLISH SIGNAL THE PAIR WANTS TO CONTINUE HIGHER.
THE AUD/JPY 360 GAPPED UP ABOVE THE RIVER TO TOUCH THE OUTER EDGE OF THE REGRESSION CHANNEL BEFORE DROPPING DOWN THREE CANDLES EACH ACHIEVING SHORTER AMPLITUDE TO THE MIDDLE OF THE CHANNEL RESTING AT A HIGHER LOW LEAVING A FRACTAL BEHIND. ALL THOSE SIGNALS MEAN SOMETHING, LEADING TO FRESH MOVES ON THE MT CHARTS.....
COMBINING NEW FOUND TECHNOLOGY TO ANALYZING CHARTS WITH THE PRECISION OF A SURGICAL LASER KNIFE, ALL STEMING FROM OUR TORONTO SEMINAR....PRICELESS.
NOTE:
What Does Regression
Channel Mean? THE LOOKUP SAYS:
I WILL SWING THE BAT, ON D1 FAS WHEN A CANDLE CLOSES ABOVE THE RIVER AT 2400 GMT.
THESE GPB/USD CHARTS WITH SURGICAL PRECISION TELL WHEN TO ENTER AND EXIT TRADES ON A LONG TERM BASIS. FASCINATING. THAT IS WHY IT IS CALLED TREND FOLLOWING.....
USING GOLD CHARTS AS A PROXY, THE 4HR. CREEK BREAKING OUT OF R1, SHOWING WHERE IT TOUCHED THE RIVER ON A RETRACEMENT, BUT HELD THAT LINE. THIS IS NOT A BUY SIGNAL, ONLY AN ALERT TO WATCH FOR SUSTAINED MOMENTUM IN THE DIRECTION OF THE LT TREND.
DAILY CHART OF GOLD AS IT EMERGES FROM THE RIVER AFTER THE TAKING A DIP, AS THE RULE OF THREE DESCENDING WEDGE CONFIRMS THE REVERSAL BACK INTO THE LONG TERM TREND....
THE LAST CANDLE MUST CLEAR THE NORTH SIDE OF THE RIVER AT THE CLOSE BEFORE BEING READY FOR A BUY.
WITH FAS ON THE WEEKLY CHART, I SWUNG THE BAT, INVOKING THE FX512W CONCEPTS LEARNED IN TORONTO, AFTER MASTERING THE BL CONCEPTS FOR THE PAST FIVE YEARS.
MY GOLD ENTRY USING THE D1 CHART, AND THE 4 HR. FOR CONFORMATION
HOW THE CREEK OF HOPE FLOWS INTO A RIVER OF DREAMS
I ENTER LT TREND TRADES, EFFICIENTLY TAKING ENTRIES BACK INTO THE LONG TERM TREND AFTER A COUNTER CYCLE, PULLBACK, OR DIP, WHEN TRANSITIONING FROM STRONG CURRENCIES TO WEAK CURRENCIES.....
I LIKE TO SEE THE CURRENCY GROUPS MOVING IN TANDEM FOR QUALITY TRADES, PRODUCING NICE PIP TARGETS. BUT ALL WE CAN DO IS TAKE WHAT THE MARKET HAS TO GIVE FROM A SWING TRADE TO A POSITION TRADE AND IF MOMENTUM PERSISTS LT TRADES IN THE DIRECTION OF THE TREND OR OSCILLATION ADJUSTING PIP EXPECTATIONS ACCORDINGLY.
IMPORTANT TO KNOW WHEN TO HOLD EM', KNOW WHEN TO FOLD EM', KNOW WHEN TO WALK AWAY, THEN COUNT YOUR BLESSING WHEN THE PIP GODS SMILE AT YOU TAKING WHAT THE MARKET HAS TO OFFER ON ANY GIVEN DAY.....
AS MARK SAID ON THE BIG LIGHT DVDS, TIME YOUR ENTRY TO KEEP YOUR TRADE SAFE, AND REMOVE PART OF THE RISK OF ENTRY, LET THE PAIR (DIP) CYCLE UP OR DOWN RESPECTIVELY, WHEN A LT TREND QUALITY IS IN PLACE.
NOTHING OSCILLATES FOREVER. WHEN BREAKOUTS OCCUR ON THE LARGER TIME FRAMES AND S AND R LEVELS ARE BROKEN BUILDING OUT THE ST CHARTS. TRADING DYNAMICS CHANGE AS THE MT AND LT TIME FRAMES BREAK OUT INTO DECISIVE TRENDS, TRADING BECOMES A DIFFERENT BALLGAME AND PIP TARGETS WIDEN.
NOTICE IF CURRENCY GROUP STRENGTH CONTINUES OR IF DRIVERS CHANGE ON THE HEATMAP, AND WHICH CURRENCY IS STRONG OR WEAK ACROSS THE BOARD WITH BEST SLING-SHOT ENTRIES INTO THE NEXT LEG OF THE OSCILLATION OR INTRA DAY TREND.
WHEN THE HEATMAP IS CHANGING DRIVERS THE INTRA DAY CHARTS ARE CONVERGING AND FORMING FRESH CROSSES IN THE OPPOSITE DIRECTION. · Must read documents before getting started DTH
· 2010 Wed. Evening DTH Webinar Classes
· 4X Option training for BL students
· Trading Platforms and News Resources
· Peter Cheung's PC Tech Support Tips
· Jeannette Forum Posts for BL users that want to DTH
· FastTrack to Learning Forex Chart Dynamics using the Big Light Concepts
ONLY TRADING THE BEST OF THE BEST BY WATCHING CHART DYNAMICS UNFOLD IS NOTHING LESS THAN FASCINATING, ALONG WITH THE TAKING WHAT THE MARKET HAS TO GIVE, JUSTIFIES TIME SPENT LEARNING THE BASICS. PIPS ARE A NATURAL EFFORTLESS BY-PRODUCT OF KNOWLEDGE. |
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This page is dedicated to all those people aspiring to trade the 4x market using Mark Mc Donnell's Big Lights Methodology, established in 2005, before Mark left GT. If I only had this information when I opened my box..... |
