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M.G.MAJOR wrote:
> Hi Jeffrey,
>
> May be I'm not so old as a trader as many others, but my approach is seems
> to me clear, original, and effective....may be I should concern about STOPS
> but then could anyone suggest me how effectively to place then, personnaly I
> never know how to place them.....2 %, 5 %, 1 ATR or 2 ATR from entry point
> ?......I prefer to trade only best signals (filtered accordingly with my
> experience using NP since 1994....I mean Pattern look confidence). I also
> try to trade best daily signals that match with possible weekly reversal
> too......isn't it "SPECULATION" ?.......when nobody wants something then
> comes the speculator ?
>
> About possible inflection point....my answer is simple: I trade only
> non-ambigeous pattern......US stocks markets its 9000 stocks !...why should
> I bother me with imprecises patterns......especially without using stops.
>
> I tried same technique recently using PS but I've been unsuccessfull.....not
> because of PS BUT probably because my inexperience with this promising
> software from K.R. and ALSO because I shoulh probably use STOPS technique
> with this one.....but then I'm still faced with the same problem.....I never
> know where to put my stops ?
>
> Proper use of NP let's you know if you should short or go
> long.........user's manual was helpfull about that and furthermore all Pulse
> Rate newsletter received during more than 4 yeard probably helped many
> Nature's Pulse intensive users to get successfull.
>
> The conclusion for me was clear: why should I trade something that is hard
> to trade...
>
> Are you an intensive Nature's Pulse user ? Is you are, I'm sure you conclude
> it's a great product. Thanks to Ed. What's your best trading tool you are
> using if it's not NP ? Since how long are you trading. If you trade futures
> you must be better than me, since riskier.
>
> I'd like to get some suggestions about STOPS system recommandations since I
> intend also to be good using PS.....but my experience tell me that I must
> use STOPS with this one. Because I've been confident using NP, I'm also
> convince a priori that PS will also be a great product. For now PS give me
> some hard time...<g>.
>
> Best regards,
> M.G.Major
> OptionsGMTrading@xxxxxxxxx
>
> Jeffrey wrote:
> >
> > Greetings All:
> >
> >Mr. Major, I gathered that 'most' of your trading signals come from NP, AND
> you
> >mentioned that you don't use stops when entering on these NPs signals.
> Kindly
> >explain to me HOW you JUSTIFY your entries???? HOW do you define a pivots?
> How
> >can you tell whether it's a pivot TOP or a pivot BOTTOM??? Let's say it's
> >neither a top or a bottom pivot, it's a point of inflection, HOW do take
> >advantage of this piece of information??? NP gives out signals, alright.
> BUT
> >it never tells you whether you should short or long that 'time clusters'.
> As
> >Tom mentioned, what other tools do you use to identify whether these time
> >clusters are tops or bottoms or point of inflections?? Regards.
> >
> >Have a good one
> >Jeff Harteam
> >Hong Kong
> >
Greetings Mr. Major:
Thanks for the prompt reply. I don't trade individual stocks. I trade the
index future and the currencies. I have started the intensive trading for about
five years as well. My tools involve the use of Elliott Wave, Moving Average
Stochastic RSI, Miner's approach with occasional utilization of NP, especially
the accordion. The accordion, I think it's being developed by Eddie Kwong,
gives me much more precise time clusters than other cycle studies. Patterns and
price structures to me are extremely important, that's where Elliott Wave and
Miner's Time, Price, Pattern come into play. I trade the tops, bottoms and even
the inflection points AS LONG AS there are well-defined capitial exposure for
these setups. Miner's method in finding fibo. price clusters are extremely good
in stops placements, rules of Elliott Wave also tell a trader where to put the
stops once the counts are invalidated, as mentioned before, I usually use the
two-days high/or low rules for stops and/or a combination of the once mentioned
above. I seldomly use indicators anymore, except the MASRSI for trading the
corrrective fourth (ONLY IF wave four has a large enough range for me to scalp
around). I also look for the failure of this indicator, this is the time to
throw away this indicator to the garbage bin for now. This will indicate to me
the market is on impulsive wave instead of on ranging or corrective modes.
Miner's method is completely objective in market entries and stop placements
whereas NP, and PS never mention these important issues. I only take NP and PS
seriously when the time they go with my own systems. As I have mentioned to you
on the PS list, try the 'fibo bot'. These are essentially time clusters
robots. If you are comfortable with NP, then you should incorporate the 'fibo
bots' to give you double confirmation of the time factor in trading. Like you,
PS has given me alot of headache as well. I'm gonna abandon it for now as my
prority is to capitalize the profit from the markets.
I'm not better than anyone, including you, on this list, in fact, I still
continue my real life education in trading. It has absolutely nothing to do
whether one is trading the futures or the individual stocks. In fact, I have
seen people TOTALLY wiped out their personal wealth in trading shares. It has
alot to do with Perseverance, Patience, and OBJECTIVITY. Regards.
Have a good one
Jeff Harteam
Hong Kong
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