Market Geometry is a lie?

[traderxman]

Pretty well done with trading for another run, time for the annual summer vacation. Thot I wud drop a thread on geometry and see if there is any P&L-ers out there.

Feel free to call me an ass, full of sh*t...etc etc.

I have looked into some trading ideas over the years and have found this one to be useful.

At this time of the year b4 holidays I get bored and welcome anyone of the same mind to jump in.

Anyway here goes.

I will set up some levels for tomoorows trading later this evening.

But for now I thot I wud drop a chart or 2 and a brief explanation of said charts.

TL1 Chart:
Identifies where the YM wud hit the Weekly pldot refresh area for a possible trade.

TL2 Chart:
Identifies an exhaust into an extreme(blue) 13,200 for a short to envelope bottom(gold) 12,960, where it exhausts(blue)... IF pldot(cyan), did NOT poosh up. It did NOT as you got no C wave(a close above the red upper envelope top)

[traderxman]

Oops here are Charts.

[traderxman]

Using the daily chart refresh. Was good at the end of the day for some.

TL3 Chart:
2 red arrows depict the daily envelope top refresh area.

TL4 Chart:
2 red arrows depict the lower time frame going into an exhaust(blue) into the daily refresh(gold)..13,143. The squiggly part of the gold area, which is daily envelope top is Mondays Aug. 20's envelope top. Was definitley pooshing down.

After market opens tonight I will post levels for Monday's trading.

After all I have been through in my trading carreer, if anyone is looking for a method that is, well 4me, sound...perhaps you may find it to your liking.

[traderxman]

Here is one that does not work out.

See the read of the flow you have with this to get out. You expect it to C wave, it does not.

TL5 Chart:
The up cyan arrow as we enter the weekly envelope bottom refresh.

TL6 Chart:
1st 2 cyan up arrows, looking to buy 13,033, you bot and you cud not get a close above the red envelope top. No C wave. Exit, the higher time period cyan pldot refresh area is pooshing down.

TL6 Chart further on:
Next 3 cyan up arrows is where we enter again, notice that the closes start going above the envelope top. THat is a C wave. About 5 bars after the last up cyan arrow, we exhaust(blue) back down into higher time period envelope bottom for an add-on, or to get long if you missed the action. We exhaust into the blue on top and chop for a while b4 going higher.

[Reaver]

I think it's kinda like Santa Claus.

It's not really a lie, but it's not really the truth either.

[traderxman]

Thanks 4 that. Takes awhile to understnad it, but anything good does.

[traderxman]

YM Key Levels for Monday;

13,055 will be key for the bulls.

13371
13347
13229
13207
13170
13150
13139
13074
13023-26
12983
12976
12969
12949
12898

Good luck everyone!

[walterw]

Hi Traderxman.... I did the Drummond course and its very nice material, I personally dont trade their exact method but basicly I had taken the push and refresh concept clearly into my trading.... I had adapted some of their concepts to my style... thought the MTF concepts from them are very well simplified into indicators that plot all together in one chart, and that can be done with indicators as well, What I believe its not enough well developed on Drummond is the timing techniques as they are quite primitive to me.... cheers Walter.

[traderxman]

Cards on the table time...timing. With P&L geometry, this is THE thrust when to get in. Perhaps you were not fully studied etc with this method. But knowing tomorrows key levels today and knowing how to take profits from them...is very clear.

Watch the levels posted for Monday, for exact buys and sells, forget timing. Go ahead read the tape, PC ratio, trin whatever...but you will see that with volatility or not, that the market will respect these levels.

Good Luck.

[ckait]

With those fifteen levels, what exactly are you looking for?