Note: due to the large number of charts and their large size, you will need to click on chart links to view them. All charts will open in the same window, but separate from this one ... scylnx
23:15 Randy: there's you a heads up
23:20 Randy: That HSI Chart suggest a crash but the pattern is not confirmed until the double Lower top below the all time high (in the second circle area)
23:21 Randy: Lower double top...and notice the spacing and where it is...
23:21 Randy: this is the case for 90% of all major crashes
23:22 WinWin: randy... do you actually count all the waves to come to that conclusion ?? or any other factors you consider for that ??? Or is it your familiar pattern?
23:22 Tere98: in other words wait till it goes to 27 before entry?
23:22 Randy: @ 27 place an order and turn off the computer for 4 months
23:23 Randy: count pushes not wave per say.. length of pushes
23:24 WinWin: length of pushes... you mean pushes to upward direction ???
23:24 Randy: yes and if there is creep or space
23:25 WinWin: I see.
23:25 Randy: hard trends have 5-7 on the up side and 7-11 on the downside
23:25 Randy: medium paced trend have 3 maybe 5 that fails...
23:26 Randy: creeping trends 2-3
23:25 WinWin: oh...you actually are familiar with this pattern..then...
23:26 Randy: :-) y win win
23:26 WinWin: ok...
23:26 Randy: it is THE pattern all "traders" know -- especially if you 've ever traded commodities
23:26 WinWin: does this work only for daily chat?? or do you also use for intraday ??
23:27 Randy: that pattern in the commodities is The pattern that confirms change of trend regularly
23:28 WinWin: pattern confirming change of trend ??? What are they ??
23:28 Randy: look at the 29 crash.. 87 crash
23:28 WinWin: based on daily chart ???
23:28 Randy: daily, weekly
23:28 WinWin: ok
23:28 Randy: what is what?
23:29 WinWin: the pattern confirming change of trend ???
23:29 Randy: DT below high
23:29 WinWin: you mean reversal trends ???
23:29 Randy: FB DT below H
23:29 WinWin: oh..ok
23:29 Randy: y
23:30 Randy: happens intraday as well.. just more noise
23:30 WinWin: ic. So you use on daily most of time ??
23:30 Randy: the inverse is also true for big Picture analysis y
23:30 Randy: and weekly
23:31 WinWin: ok.. Then you use for minutes chart, too?
23:31 Randy: 45 minute is the only one
23:31 WinWin: just want learn about how to use this one...
23:32 WinWin: browns and greens are for counting the pushes then ?
23:32 Randy: indicator are always slow on minute chart so Just ignore
23:34 Randy: Here's the same pattern (kinda) close to the top of this daily HSI same chart
23:34 WinWin: so use price action and pushes for correct forecast of movement ???
23:35 Randy: yyy
23:35 Randy: pattern recognition @ relative location is the KEY
23:36 WinWin: ic
23:36 WinWin: pattern recognition ...being continuation or reversal ?? @ relative location ???? could you explain... pls ?
23:36 Randy: both
23:36 Randy: you need to know the history of the trend to know when it at risk
23:36 WinWin: history...
23:36 WinWin: how far ??? by what ?
23:37 Randy: there are different types of trends...
23:37 WinWin: like what ??? may I ask ?
23:37 Randy: no look at the picture closer
23:38 Randy: WinWin 3 main types of trends
23:38 WinWin: up /dn/sideways ?? or talking about trends ???
23:38 Randy: Creeping normal and blowoffs (capitulations)
23:39 Randy: I'll show you hang on
23:39 WinWin: thank you.
http://www.charts.dacharts.com/2007-03-11/RH_a8.png
23:50 @Buffy2: neat randy tks
23:50 WinWin: wow... very good... beautiful...
23:50 av: The charts have so much of information., I'm just overwhelmed
23:50 Randy: if you understand that chart... you and make a living at this
23:51 Randy: each section end with a very specific pattern for that type of trend
23:51 WinWin: so if I want to dig further, look for your charts...then ?
23:52 Randy: look on your own.. it all there
23:52 WinWin: specific pattern for each section?
23:52 Randy: section.. type of trend
23:52 Randy: 3 types...
23:53 Randy: one pattern leads into another and they have a sequence and duration and type of correction
23:53 Randy: enjoy!!
23:53 @Buffy2: thanks randy
23:54 WinWin: wow...hope to dig further on that... do you have any written on that ??
23:54 Randy: This is directly for Bill McLarens work
23:54 WinWin: GANN guy ??
23:54 Randy: I have tapes.. DVD 's books etc.. so yes thats the one
23:55 Randy: but Gann doesn't really work so -- I mean for most folks
23:55 WinWin: then you modified it to suit yourself ??
23:56 Randy: So I'd stick with the basic fundamental of market structure
23:56 WinWin: basic fundamental of market structure ??
23:56 Randy: see my last post
23:56 WinWin: ok -- you mean three types of trends ...
23:58 Randy: :-) yes... unless you want to trade chop all of the time -- highest risk type of trading... So try understanding trend... and how to enter then at low risk
00:00 WinWin: so your decision is based on roughly 45 minutes of this type of development... when it hits the critical zone of the pushes...there you make trades ??? That is what I am trying to do.. of course more study must accompany...
00:01 Randy: These are general directions to look in, Trading intraday is a bit more involved But... you have to understand the bigger picture in order to have a bias that will pay
00:02 WinWin: yes...absolutely..
00:03 @Buffy2: randy posted some properties windows tonight
00:03 WinWin: oh..I mean my question was on what other extra factors do you consider for intra trading?
00:03 Randy: triggers to get into trades... trendline breaks. previous S&R same as everyone. A little time analysis too.
00:05 WinWin: You mean this ??
00:05 WinWin: just kidding..love your system...
00:05 Randy: that is 1.5 old now
00:05 WinWin: to me ..that is the state of art system...love the setup...
00:06 Randy: the Pool table and workout Equipment is the most important part
00:07 Randy: here's some good reading from Bill
00:08 WinWin: from the last chart... of the comment... time cycle ?? which type of time cycle are you talking ???
00:08 Randy: there's a144 time cycle workout. Notice where the green and red lines cross
00:09 Randy: That is the GANN Square tool
00:10 WinWin: you mean the supports at the cross ?
00:11 Randy: Notice that price and time meet in the white circles and the 144 Cal day/ 144 point scale
http://www.charts.dacharts.com/2007-03-11/WinWin-1.png
00:12 WinWin: are you talking there ?
00:12 Randy: yes, see the Green lines.. red lines and others... at faster momentum. Notice the verticals
http://www.safehaven.com/article-7116.htm
00:13 Shar: Since you've talked about Maclaren, here's a report on SafeHaven from him.
00:14 Randy: thanks Shar
00:14 Shar: yw
00:13 Randy: how does the market know where to turn?? Looking for 2950 on the SPI
00:17 WinWin: randy... are you talking about first three arrowed points as being verticals ??
00:17 Randy: is 7/8ths... one on the most important time.. in any cycle.. (GOLD)
00:18 WinWin: again...based on GANN...right ?
00:18 Randy: Just in general time squares price at significant point
00:18 Randy: y
00:19 WinWin: maybe to understand better... need to study your charts..further.. but wanted to have some pre information to understand your theory better....
00:20 Randy: that is a square (visual) calculator based on 144/ ie 144 Calendar Days and 144 POints.... 1X1
00:22 Randy: You can also have a 1X2 ratio or 1X4 or 1X8... but this market is best "looked at" with a 1X1 ratio ie 144X 144 or 90 X 90 (90 day and 90 points)
00:22 Randy: I chose the 144 calculator because it "sounds' real good to this market
00:24 Randy: High and low continue to "come in" on this harmonic
00:24 Randy: Highs and Lows on the 1/8ths and 1/3rds...
00:23 WinWin: You said "21:13 Randy: how does the market know where to turn??
" what do you mean ? Gann rules ? So as a practical question regarding the 144 thing... do you graph it using major swing high and low ????
00:25 Randy: Yes
00:26 WinWin: then..use which rule ( 1/8 and 7/8 with some other places being good turning points ???
00:27 Randy: here's a plot from a low...
00:27 Randy: here's the same chart plotted from a high
00:28 Randy: same 144 cycle with a different start point -- same 1/8ths just different colors now
00:29 Randy: That all I can give you on the topic... my knowledge is limited
00:29 @Buffy2: much appreciated randy
00:29 Randy: yw B
00:29 WinWin: I must study your charts more..to come out with some more questions to further understand your chart.. I thank you very much for today's explanation.
00:30 Randy: yw
00:30 Randy: Here's something kind cool
http://www.j-chartusa.com/FreeTutorials.html
00:31 Randy: watch those videos for important source of information... Then look at this very closely
00:32 Randy: Way too much information but deadly if you can handle it
00:33 Randy: here's the tool for the projections
00:35 Randy: All of these toys are Completely dependant on your knowledge of structure
00:36 Randy: None of these will make you money
00:36 WinWin: ok.. let me study good enough to appreciate your points you have made so far ....
00:36 Randy: understand your risks
00:36 WinWin: then why should I study this ??? may I ask ?
00:36 Randy: and yourself
00:36 WinWin: ic... understand my risk ..ok..sounds deep...
00:37 Randy: Dude why would you trade??
00:37 Randy: this is crazy
00:37 WinWin: does that mean .. making money is at chapter 2 ... ??
00:37 Randy: but if you understand your limits.... you have a better chance to keep some of your money
00:39 Randy: good luck with your studies... now I have to go make some money
00:39 WinWin: ok...I thank you deeply for sparing your time...
00:40 @Buffy2: very nice randy
00:41 Randy: new contract months are tough
00:42 WinWin: why ? because of the gap thing ???
00:54 Randy: here's a good one
00:54 @Buffy2: ok, will include
00:58 sportsrep3: Buffy.......where in Ensign do you find the Gann Square tool?
00:59 @Buffy2: drawtools -- make sure you have it turned on in setup | toolbars
01:06 sportsrep3: lol.......I've been looking for that pitchfork too....I wondered where all that stuff was :-))
1:10 Randy: SR..et al the Props are posted for the tool now (see last chart on the list)
01:11 sportsrep3: ok....thx Randy. I watched those videos.........I see what he's getting at there
01:15 Randy: perfect real simple
01:15 sportsrep3: yea....it is actually .......a lot better explanation than Market Profile........IMO
01:15 Randy: Yes it is
01:16 sportsrep3: is that sorta what you're talking about when you say "space"?.........when you're looking for market structure? generally speaking
01:17 Randy: is what>> see an image?
01:18 sportsrep3: no....referring to the unfilled space he's referring to in the video.....is that the same sorta space you're looking at on your charts? Where price needs to go?
01:19 Randy: well again... trending in the direction leaving space behind.. is not the back filling in the video... So on some charts I point to the holes.. other I'm show trending (Normal or blowoff) space big difference
01:20 Randy: so if you see a chart I can comment
01:22 Randy: SPI just about @ target 1449-51
01:25 Randy: good! and good luck trading
Gann Square Property Window
Other charts of interest
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