Contents – Setups
There are many aspects to consider when creating a set of rules to trade the markets. They start with the most basic of inputs and then can expand to encompass many other factors. Take you time going through the ideas as they will help you understand what is involved and how you can create your own setups and rules of engagement.
You may think that I had a misspent youth from my use of the pool balls as the magic place for you to click to get to the various articles ... and you may be accurate, tho I prefer snooker!
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Data is the life source for all things in life. So too for a trader, especially when working with a RBT. This article explains the significance of the four data points (Open, High, Low and Close) and how to interpret their message. Then it goes on to look at the significance of the range of a bar.
Outside Period - friend or foe. This article investigates a particular chart event that has the uncanny ability to warn you of an impending top or a bottom. It is handy to be able to listen to and read the messages from the market.
Language of the market looks at the way that each bar conveys a message as to who is winning the battle between the buyers and the sellers. Is it a stalemate? It can provide clues as to future price action.
Many people are surprised by the symmetry in the markets and market movements. It is almost as if the markets mirror Nature in the intricate web of retracements and geometry. How does this fit in with the setups and trading?
In our own lives we are often influenced by advertising, newspapers, TV, family, friends and even neighbours. So too in the financial markets. Independent thinking is not common as there seems to be safety in numbers. Does this work when trading? Is there an easy way to gauge market sentiment?
A starting point for many is to use indicators to translate price movements into another picture with the view of gaining an insight into when to buy and when to sell. This, the first of two articles, looks at both a common interpretation of indicators and then an uncommon way to use the same indicator.
The second of two parts on how to spot signals from commonly used indicators in an uncommon fashion. Doing the same as others produces mostly the same outcomes. This may not be in your best interests as it is accepted that the majority of people lose trading the markets.
Read about the 12 setups that make up the unique L.I.V.E.T.M. approach to trading the stock, currency and futures markets. They can be used on timeframes from 1 minute bars to hourly all the way through to even monthly. See the balance between trend-following and reversal setups and how to act on them.
It is important to understand the underlying basis of the setups as it helps build the confidence needed not to follow the crowd. To buy when others are selling. To stand aside when everyone is rushing in. Philosophy of Setups I is designed to give you a great insight.
Philosophy of Setups II looks at another group of setups and also introduces the 3D concept, a powerful insight into price action. Know which market will go up faster and further, on probabilities. Which market is destined to fall harder.
Learn about a novel way of creating a chart of price action that allows you to see opportunities that others do not. This idea can help you place orders at levels where you are not competing with others. Hybrid Fractal Charts I.
Part II of Hybrid Fractal Charts shows you how they can be combined with indicators. These indicators themselves can be interpreted in either the common or uncommon manner.
Part III of Hybrid Fractal Charts concludes the insight into this revolutionary way of viewing price action.
Follow the EurUsd pair for a full week. You will see how the setups form and are used. Entry and stop loss levels, as well as Campaign Management processes are applied. You will see what has been possible to achieve. Please note that not all weeks end with a positive result!
Another week of price action in the EurUsd pair. Whilst no two weeks are the same the process following the L.I.V.E.T.M. approach is a constant. This makes the decision-making process much simpler.