GT3RS wrote:Thanks CC for the reply, and the other chap, who's name I forget [sorreee! How rude of me!]

So, my [main] mistake was that price had steamrollered through monthly pivot without any resistance?

Because, so far as I can see, all the criteria were met:

DT according to pivots.

Price retracing back up to touch the upper FastTMA line [now repainted, so it doesn't look like it touched].

Semaphore showing possible end to retracement.

Then sell a "weak red" as CC would say

I don't place too much weight on the Semaphore.

Would you rather take a trade at a pivot level than the FastTMA line?

It would help me IMMENSELY if you [CC] would post up some more charts showing entries. I thought I had it pretty clear in my mind, but obviously not!!!

Also, charts where you're NOT interested in trading could be just as helpful!!

And everyone else, please post up charts. I'm happy to make a fool of myself all alone by asking stupid questions, but if everyone joins in, we'll all learn that much more/faster!!

Thanks in advance,

Rob

coolncalm wrote:

GT3RS wrote:Thanks CC for the reply, and the other chap, who's name I forget [sorreee! How rude of me!]

So, my [main] mistake was that price had steamrollered through monthly pivot without any resistance?

Because, so far as I can see, all the criteria were met:

DT according to pivots.

Price retracing back up to touch the upper FastTMA line [now repainted, so it doesn't look like it touched].

Semaphore showing possible end to retracement.

Then sell a "weak red" as CC would say

I don't place too much weight on the Semaphore.

Would you rather take a trade at a pivot level than the FastTMA line?

It would help me IMMENSELY if you [CC] would post up some more charts showing entries. I thought I had it pretty clear in my mind, but obviously not!!!

Also, charts where you're NOT interested in trading could be just as helpful!!

And everyone else, please post up charts. I'm happy to make a fool of myself all alone by asking stupid questions, but if everyone joins in, we'll all learn that much more/faster!!

Thanks in advance,

Rob

Hi Rob,

I somehow missed this post yesterday.

If NO checks are done for any signals of an emerging bias, then you are right to say that "all the criteria were met". But you DO have to check simply because the pivots ALWAYS lag and while good to use for entry whenever there isn't any thing new that is currently forming, does not change immediately when there is (ofcourse, if we are getting any signals of a new bias emerging, the "conditions to be met" may change accordingly). The system insists that you do check, and adjust accordingly where necessay ...or observe further (90% of trading is observation and analysis, you know). Consistent profitability in the forex market is no piece of cake and I apologise if I led you to somehow think it is!

Now, every new bias (UT/DT) must cross MP, a very strong S/R, in order to form, so we ALWAYS watch what is going on around MP. That, together with MTF highs/lows, give us our emerging bias signals. As you know, the most current indicator on any chart IS price action so when looking for emerging signals we first watch the price action at MTF highs/lows & at MP, then next we watch DP at an MTF high/low & at MP.

Add this to your current already-above-average understanding of CTS and you may easily reach "guru" status

Cheers,
CC

EDIT: One more thing - a new bias can only form from a retracement (**-RR) so this is where the close observation and chart analysis for signals are really needed (if **-RR pivots, led by PA, cross MP, the bias changes; if they only bounce off/rebound to MP, a resumption occurs)

GT3RS wrote:Cable. Piv formation shows DT retrace, but it looks more like an uptrend to me!

Would be most interesting in buying weak greens, but need feedback from CC!

GT3RS wrote:Hi CC,

You never led me to thinking this is easy!! I've been trading for 4 b%*&@y years and still haven't made it!! So I know EXACTLY how difficult it is!!

Many MANY thanks for the feedback. It is now clear to me that the "emerging bias" part is the bit I am struggling to see!!

When you say "every new bias must cross MP," do you mean PRICE has to cross MP?

I need to work very hard on the emerging bias element of your strategy, because I think I've got the basic entry criteria sorted in my head.

Thanks again,

Rob

RJo wrote:Finally ... I knew it was only a matter of time before all my squealing attracted the big dogs. I'll be taking a good long look at your thread before continuing my piecemeal EA coding. Thanks, Baluda.