Thread: The SETUP and the Chuvashova Fork

Originally Posted by ;

Here is a movie that's a little off subject, but related as far as SL egy goes. This is a more conventional approach to an entrance in a counter trend (no E lineup ) but a fantastic thought about the placing of a stop loss and employing the LTF to get into a HTF trade with minimal risk.

bullshit

Moved goal to 161.8 since Alligator is extremely powerful.

This is the way the transaction went:

A weak bearish SETUP formed after the 100 target. (Weak because AO is above zero.) I figured I could try for the 161 target bu the pullback concerned me so I took profits as displayed on this chart.

Since then we have had a sideways correction along with a new bullish SETUP is forming, so that I just entered as trade on it. (I have illued it in blue.)

Notice the bearish Chuvashova Fork (reddish ) and how it and the white line of this feeble, bearish, SETUP match.



Today, we must wait for U and P to shape about the blue SETUP to project its own goal, quite likely at the 161.8 of their prior bullish SETUP.

I'd have traded this a bit differently but I needed to be off form my computer. You go to some LTF, can try this and test out what happens round the 100 goal amount about the chart, a bearish SETUP but a sloppy correction on the scale.

As I am writing this a bullish Chu Fork showed up. You can see how this adds a little additional analysis (when it works.)





Here is a little gift for everyone. It will draw on the green and red lines on the chart that I said I'd use a few posts back. It's fairly great for helping with all the HH HL LL LH stuff. You have to do that yourself and not rely upon an indior, as I have found up to now however that is as great, Such as the Chuvashova Fork it gets things straight but you must know when it is wrong.
https://www.forexforum.co.za/attachm...1338929334.ex4

Live trades... warts and all.

Good thing I had my stop set up. I had to be off for a few hours and you're not there to keep an eye on things and when that happens, this occurs.



Not one that I might have captured with any degree of confidence on almost any time frame.

Small place, tight prevent loss, baldness.

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Hi Wab,

Thanks for the insights and Transaction Illustrations.
Nearly all of my trades now went bad, I do not think I'm all that great in counter trends, or whatsoever, but I am striving, sometimes it works wonderfully but a few days like now I need to feed my little account so it will not expire
Everything that seems super great for me personally is turning upside down. I think my entry points must be blamed. Just when I think I have found the U, it goes down or up and I sure in it already in a transaction that goes bad for me personally.

I shall offer some charts tomorrow (that I received my huge SL on the UJ taken, watching the change makes me cringe but this really is learning much if it's real cash ).


Thank you again.

Try these Movies for some HH HL LL LH and also hh hl ll lh input:

Inserted Video

Inserted Video

Inserted Video

Inserted Video This one Is Actually good IMHO.

(This one is very good for low cost re-entry of major tendencies from a micro fashion AKA a correction or a counter tendency.)
Consider how he utilizes the small trend to find a small e line. (Though of course no none but me uses that term.)

Inserted Video Another very good one. I really feel like I am speaking to myself as I listen to these.
You ought to be able to pick out the E lines. SETUP, E lines. Etc. are only my way of attempting to standardize this stuff so it is simpler
to test and discuss.

Finally, this can be a Renko chart showing a minor tendency (or a correction if you want.)
It's labelled in lowercase: hl hh, ll, lh, after a LL bottom works its way up to a LH.
A counter-trend (or micro trend) e line, the CT e line tells us the LH has formed and
we need to go short to get back in phase with the larger down Trend.



It will make senses if you persevere. The two videos are good.

Ficibald, the very low cost entries become potential as you acquire skill with this.
Entering a HTF main trend on a correction using a LTF SETUP and its CT e lineup is very powerful.

As mentioned earlier in the thread, see the HTF Alligator and if price touches it seem for the LTF SETUPS.

Hi Wab,

Thanks for the videos, I'll watch them later when I get back from my walk.


I am minding GBPAUD, if its too cluttered let me know and I'll clear out the fib.
Since I read it, the E line was broke, P was formed and we were heading to get a bullish SETUP.
Then U got higher (I think) and a new lower P was formed and there went my transactions.
Disregard the brief trades as I was hoping it would go down more.
Nevertheless have pending order, if P breaks down the T I'll remove them.