ItalianTrader wrote: Fri Aug 18, 2023 1:23 am
Hello there,
I'm posting an old trade which went wrong ( made another high instead of making a low magenta). I would like to discuss on what could have been went wrong, so we all may grow and learn.
My view on the trade :
- Fractal pattern showed a pullback ongoing
-N signals aiming down
-M1 -H1 Matching (magenta to black arrow -->( or h4 matched with whitehead)
M1 perspective (Magenta high)
H1 perspective ( Black arrow )
Referring to the scalper manual, The only thing that come to my mind is that KSO n wasn't in Range position.
What do you think ?
Cheers
Frankly, I am confused about what direction you traded and from what level you traded and what your target was. I am also confused about what you said went wrong. Was the trade truncated? So not clear to me what the issues are so will give you general advice in addition to making an important remark on @Meney's advice.
a) In order to trade Orbit at all, the very first thing you do is to calculate the diagonal on which you are trading. That is number 1 rule. How do you do such as complex calculation? From your screenshot Orbit Screenface shows TT (Red Closed) = Cyclicality (Red) = a negative diagonal for the entire market at the time of your trade whatever you traded. The complex calculation is simple and clear and tells you the market was directed down. It also tells you that the market was in a pullback up just before the down move in which you are trading etc.
b) So we have diagonal down and therefore from this fact the Risk-Free Space you had at the time of your trade was BC, which is from the top of the current diagonal to the final stop at a low (which was not yet reached at the time of your screenshot). This means that buys in the space give less pips then sells in the same space and since your Risk – Free Space is negative it is always better to look for pivots in FLE that selloff (that is highs translating to lows).
c) So where do you find such pivots? You go to 6n and a) if you see a low pivot in that space and the signal changes, that is (Range Arrow + Spot Trade), changes up you can risk a scalp up. Knowing you are a deterministic trader you are trading point to point which means 6n low – 6n high of the same Semaphore weight and given the space that you calculated is negative space you know that on new 6n high of equal weight as the low pivot, price is likely fall so you exit and wait for a signal at the same high to change down and you trade it down as another “scalp.”
d) That is the simplest and surest way to trade Orbit and does not matter whether you are scalping, swing trading or position trading the mechanism is the same for entry. In 6n all the matches from n - 6n are complete and correct and you can view this fact and that of direction most correctly or clearly from 6n because there is only a single sequence at a time for the entire market and it is a 6n sequence. There are no (M1, M5 or M15... markets have only one time frame and it is 6n), and going to M1, H1 etc does not give you enough information to trade surely and safely. Just because you think you are scalping the market does not make the market to change to fit your intentions so it is better to read your intentions against the market and that is done by reading the intraday cycle or 6n so you know begin and end of each sequence exactly.
e) Does this contradict the Scalping manual? Not at all but you start with this sense to learn and understand what the scalping manual means and when to do what it says correctly because if you did anything wrong it would be in the process of the translation of a 6n point to another 6n point whatever you did wrong. So begin with this simple advice and make sure you win all your trades that way then study how M1 (n) and H1 (5n) worked while you were “scalping” 6n correctly and then you become an expert scalper on 6n so that when next time you want to “scalp” any Time Frame as you did in your problematic trade, you will know exactly what to do with reference to your knowledge of 6n trading.
f) Understand the signalling structure a) we have level 1 or primary signals which helps you calculate trend and risk-free space (TT+CY). This should inform your choice of trades when and where you want to take them. b) Level 2 or secondary signals (RA + SA) which are trigger signals within the primary definition of the market from one 6n point to another 6n point. Note that unless a 6n translation is complete the other lower time frames feeding it are also incomplete and can behave in ways you do not expect because they are slaves to 6n and are merely trying to serve their master by working to get to where their master is going but only their master tells correctly where he is taking his slaves following him. That is how markets work.
g) The worst thing that can happen to your trading when “scalping” on 6n is that it is always possible that you may want scalp for just 200 points and price moves on your entry 2000 points in your direction and that may be a terrible thing for you, you might think. My advice? Subtract 200 points from your 2000 points result and return the value of 1800 points to your broker (since you merely wanted a scalp and not make so much money) – a joke but for good reason. Work with the market not fixed ideas about the market that you hear around (market noise). The market is a pattern you follow to be correct including the fact that the market is a 6n point to point translation.
h) Now let me briefly address @Meney’s advice. First we must thank him for his good grace. However, he gave you advice based on “technical” reasoning NOT chaos or deterministic trading. Notice that he “pierced the veil” of the MRI to do so by using MRI on a different template than the one displayed on the screenface. We do NOT use the MRI in that way in chaos. Why? It introduces severe riskiness into the trading space because in “technical” analysis they view the market as random and expect losses and actually provide for losses in all their trading design. In deterministic trading there is no reason for the trader to lose a trade and we do not provide or expect loses in trading. The reason is in the mathematics we use. The mathematics we use says “a deterministic system admits no randomness whatsoever in it’s future states”- and the market is a deterministic system. In other words, following our logic correctly and applying 6n point to point translations we do not expect a trader to lose because there is no reason for that (of course it happens but we do not provide for it nor do we expect it since a trader can improve on errors to the point of zero loss per period). But when you use the MRI as @Meyney suggested you introduce randomness because it may work sometimes and sometimes fail and that randomness affects your results because there is nothing in reality that justifies the lines Go Long and Go Short. They are heuristics based as in all of “technical” analysis, and not founded on our equation. But the translation of a 6n low point to 6n high point and vice versa are certainties they MUST happen (space is iterative and bijective not random at all). So while I am not saying it is incorrect I must state that it is NOT the way we use the MRI we use it for the shape of price and to locate activity either as folding or stretching and which is why you do not see those lines on the Screenface because they are random in effect and will cause losses rather than assure focus on the underpinning deterministic actions of the space you are trading. It introduces artificial fractures into a space that is already fractured according to a pattern and therefore must mislead. I hope @Mehney also appreciates the point made. We simply cannot mix “technical” analysis with chaotic analysis they are opposites by definition.
The Crow (-_-)
PS: Kindly respond in open forum a) If the points made were helpful b) if the ideas outlined are usable and implementable by you as stated and c) if every part of my response is clear and if not kindly say what part was unclear or disagreeable. Please respond in open forum for the sake of those others in the forum following this post of yours. Cheers and thank you for your active participation.