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Re: Design your own System like the Pros Do

sal, Fri Jul 21, 2017 8:04 pm

AussieBeau wrote: Fri Jul 21, 2017 7:23 pm Hi Guys,
Well this is my last post..the post I am sure that you have been waiting for.
I promised you that if you adhered to the exercises and if you followed my instructions,you would be able to trade a blank chart...now I will fulfill that promise.
First things first.
Roy my Lawyer,has read this and my previous posts and has given me the all clear to post.

So lets start.
I had 2 older brothers,one went into boxing and the other went into skydiving..they both went onto achieve what they wanted.
The boxing brother went on to become a boxing manager,the other has a skydiving school.
Every night before a fight my brother would watch movie clips of his opponent.
The other brother,well he spent his week ends jumping off roofs and rolling.
Truly,I thought I was the only one sane!
Just think about it..Why would you want to get the @#$@@! knocked out of you,or stranger still ,why would anyone jump out of a perfectly working aeroplane!!

One day,the three of us was fishing and I asked them both why they did that strange stuff.
The boxing brother told me,that the more he knew about his opponent,gave him an insight of how his opponent reacted in certain positions,therefore he could counter and not get hit so often....simple,it made perfect sense to me, he wasnt strange, he had the smarts like me I thought.
The skydiving brother,when I asked him,why he did what he did,well he rolled his eyes and left me standing there...side note:I suspect he is adopted!

The reason for this blank chart exercise:
Quite simply it gives insight to our opponent, players that move the markets...the only window to them we have are thru price/spread and volume..this opens that window for us
As I said before..it is people controlling the market and this gives me an idea of what they are planning.
They are emotional beings so this trains my emotional brain to see what there up to.

Open up a blank M15 chart and add these 2 indicators:
Price/Spread indicator..the one without the fractal mtf
Bulls bears indicator
Now dont get antsy,we are going to be getting rid of the bulls bears in a short time.
The reason soley for the bulls/bears is to help you speed up your understanding.

Your price and spread, you will see that there are 3 colors red,green and silver..silver is when the market is equal.
Lets think of what happens in the market..one side(Bulls or Bears) will strike,the other side counters and this goes back and forth til one of them gains the upper
hand and the market moves that way(price moves up or down) and then they will rest(neutral color) waiting for the next tussell.

Of course there is a lot of flashing of colors going on..that is the strikes and counter strikes
So first just concentrate on the price(not spread at the moment) and the predominant color red or green,i watch the price exclusively til it has moved 100 pips in
either direction..this gives me a feeling of direction (possible Trend)

How do we see when a side is gaining strength and the other side weakens..by the spread.
The strikes and counter strikes are not punches they are what....money
The spread shows how much money is being released or with held by both sides..see how price,spread and volume work together

When the price has gone silver(Neutral bulls and bears are resting)..we are waiting now for the next move (up/down or continuing)

We now watch the spread numbers..for this we have definite colors,green is bulls and red is bears
We are now watching for strength in one and weakness in the other to predict who will gain the upper hand and the price move that way.

As they start the battle,just look at spread,you will see 2 numbers red and green,they will speed up dramatically at times
Your brain will see a green number and then a red number,(I handle this speed by saying to myself something like this 88889999,until it becomes something like 8887 or 9998)..just take note of a change of number to do with that color..it might be like this green might be flashing the same number over and over...its steady..the red might be doing the same so its steady
Then you will notice a change in the numbers..the red or green has changed its number to a lower number..means it is tightening (getting stronger)..if the other color
changes number to a lower number also..it means they are really battling (they are showing they are both becoming stronger)
If one colors number then widens,and the other color stays the same or lowers...then that is when you can tell who has strength and who is weakening.

Now I told you to add the bears/bulls indicator..it displays instant volume...see how the spread and the volume indicator act together.It might help you seeing the price/spread a bit easier.
When you get the hang of reading what is happening without having to use the bullsbears indicator,take it off your chart and their you go..you are reading the blank
chart.

At this stage.it is time to start trading it..ONLY on a Demo account..I do not trade Live with this,just an exercise to build confidence and get a handle on what the
market movers are planning.

OK...I believe my job here is done

I want to Thank You all for being a part of this course...I hope that the 2 weeks you have devoted to this,you have found worthy of your time.

If I may,I wish to give a special Thanks to 2 members that have greatly extended the time of me being able to trade
Jimmy...for designing my chart template so I could continue to see the chart.
MrTools...for modifying my indicators with price boxes vlines etc so that I was able to see them as my eyesight worsened.
I can not find the words to express my gratitude.


I will stop rambling now and move on.
If I may,I would like to ask,that no one posts questions..I am sure I have supplied enough info,for you to work it out.
While my eyes are still capable,I will visit this great forum from time to time...Remember Guys I have Retired


Ok Guys...finally my Retirement
God Bless You All


AussieBeau
hai AB,
can you see your logic or rules meets the snap..!!.. so i can understand in more better.. can you share the indicator only for spread and symbol . i dont need to see bull /bear % template... :)
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