[Metastock Plugin] - Support & Resistance (Enjoy Free BONUS Market Geometry Course by Yuri Schramenko)
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Market Geometry Course by Yuri Schramenko
From the chapter:
as taught by Yuri Shramenko
Maybe there are a few secrets to trading.
Here you have three techniques with which we can make an analogy to education. Prior to market geometry is elementary school where a trader deploys the statistical methods of technical analysis (technical indicators), or uses advisors and newsletters, or ones "experience and gut feel" to trade the markets. Chart patterns with volume reading and methods such as Elliot Wave and certain Fibonacci Timing techniques can be considered High School level as you're dealing directly with market structure, but also dealing with subjective interpretation of price waves.
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The Fib-Fan Projection technique given here is college level but easy to apply and interpret. It will give you an edge over most swing-traders, especially for day-traders who trade for the larger swings of the day and short-term swing-traders. It is best used in trending markets or wide range markets that show simple wave sequences
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The GS Timer technique is like graduate school - you'll begin to call swings in markets and find dynamic support-resistance levels that most traders believe is impossible. It is meant to be used in markets that already have a trend underway
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The Pitchfork Angles technique is PH.D level. It can be used on any type of market other then a flat market and any timeframe greater then 15 minutes. Its ideally used on two timeframes even when opposite trends are underway in those timeframes. If you work with it every trading day, reviewing the technique on two timeframes and several markets every day, its just a matter of a few weeks before you'll be in the upper echelon of successful traders. Its a key for opening the door to master trader status
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The Fib Price Expansion technique, as shown in the last example in its section, will give you valuable information as to where a trend will congest, facilitating profit-taking, often the weak link in the trading process
What these techniques have in common is that they combine price and time in a "formula-less" manner to present you tradeable market information without the use of statistics, parameter setting, optimization, neural training, modeling - and all the other things that traders try to apply to a non-linear data-stream in a fruitless attempt to find consistent results in a data-stream that never will be consistent by its very nature. The information presented to you by market geometry consists of times that trends will change and "hidden" support-resistance levels. This information is gleaned from current market structure - so its self-optimizing. The trading that is best facilitated is swing-trading, both overnight and intra-day, where one trades the smallest trend channels found in the timeframe you are monitoring. I can assure you that I've tested these techniques on stock-index data as far back as the 1930's and in grains as far back as the 1950's. The accuracy is the same decade after decade, its simply amazing.
You can apply these techniques to daily and weekly charts, and also any intraday time-frame. Even if you never day-trade please use 30-min charts. There is so much more information offered by the markets in the 30-min timeframe that is appropriate for overnight swing-trading. What's more, to truly master swing-trading with these techniques I urge you to apply them to several timeframes. Its when several timeframes "all agree" that you'll get the largest moves in the shortest time. However, as you'll see in the examples, they work very well in just one timeframe. Its just that my goal is to assist you in becoming a master trader.
In presenting these techniques I'm using MetaStock, Fibonacci Trader, and Galactic Trader. I'm sure other charting software can do the "drawing work" required. Just in case you can't apply the Pitchfork Angles technique with your software, consider switching software soon - its that good!
I hope this sets you on the path towards becoming a master trader. With practice and a little trading experience with these techniques you'll look at the traditional technical analysis methods with disbelief that you ever used them. Email me your questions and concerns, I truly am interested in your success.
and many more!
summary:this purchase will provide you 2 titles!
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[Metastock Plugin] - Support & Resistance
BONUS Market Geometry Course by Yuri Schramenko
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Market Sales Price: $299,but we sell lot more lower than that to share the opportunity with you!
Serving Professional Traders Since 2008
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