Dear followers of Beatle's thread!
I would like to start contributing to this wonderful community.
I bumped into this forum and thread ~1,5 years ago and changed how I see trading. Started to consume that enormous amount of information, which is available for free.
Still in the learning process. Already gone through a few times this thread in the past, but I have to say it is really challenging to build the edge and the mindset.
I started to start over analyzing all the teachings and shares from Beatle and all the contributors to this thread. Maybe it will help also others to build knowledge and a deep understanding of the contents and how to use them. It takes much time with a full-time job to go deep and I am far from the finish lane, but I would like to open a discussion about the details, maybe someone also will be attracted and want to bring forward Beatle's Legacy!
Currently, I am around the 400th page, so this is not a final collection of thoughts.
post1295539529.html#p1295539529
I try to collect the easter eggs and key points. If you feel I misinterpreted any concept, feel free to correct me and I am going to edit my post.
Before entering the contents of Beatle's Trend Trading System the most important pillar of being a consistently profitable trader is to focus on
trading psychology and the right
mindset. We have many great youtube videos here, but I think we should underline
Brett N. Steenbarger, Mark Douglas and Tom Hougaard.
My notes so far:
Multitimeframe approach, Entry on lower TF 30Min (or 1H), but the
most important to analyze and see the big picture on HTF (30M ETF to 4H & Daily trends)
And this is where true knowledge and experience come to life in my opinion. We could see many entry setups and analyses from Beatle, but so hard to find the proper confluences.
ATS is a standalone system and approach. You can determine the HTF bias based on their concept and also try to identify what market phase/cycle is happening.
Trending market on your HTF gives a higher probability for your entries on LTF with the directional bias.
"Where is Price In Relation To Value?"
(quote from Beatle's charts)
In my opinion, he means here Expansion Line from an ATS major box and where is current price compared to is.
But I think this is just part of the answer because
Volume Profile and the
VWAP also show information.
What do you think about that?
Divergence is also mentioned in relation to the question above (but this topic still waits for me to search for)
To continue with the analysis you can search for liquidity pools below and above pivot points and also after ATS Box is formed. This brings the SMC concept and Steve Mauro's Beat The Market Maker approach in also.
Fair Value Gaps, Supply and Demand zones are important to check, because the price has a higher chance to react somehow to these levels. The multiTF approach is also important here to underline because the HTF specific zones influence the LTF actions.
Indicators:
ADX to see the trend (also add HTF ADX to same window to align the colors for HTF bias)
Here I quote the mental checklist from Beatle:
I look at the charts every 30 minutes and have a mental checklist, if one point is not fulfilled, then I jump to the next symbol
0) IMPORTANT! WHERE IS PRICE RELATION TO VALUE & CHECK FOR DIVERGENCE
1) Are Xuma, OBV and Supertrend the same colour and did they all change colour with the last 30-minute candle?
2) Is there divergence?
3) Is there a support/resistance zone nearby that goes against the direction of my planned trade?
Adding other indicators to the first window with button on/off you can gather more information:
- Peak indicator supports WAE to detect volume
- Sibbet Demand Index + divergences (I need to get familiar with that)
Thanks to mrtools
post1295530361.html#p1295530361
- TDI_RT-Synergy_Pro bt (as far as I know it is related to the BTMM approach
post1295531043.html#p1295531043
Some more notes:
The Peak and Zee work in unison and give me a very good indication of price movement i.e a potential reversal. I have both set to 18 (the default of the Zee).
The 1-2-3 indicator now provides me with a very good indication of where price is heading and I can set my TP accordingly. It is amazingly accurate and when all the other indicators align when price reaches the zones I can go heavy on the trade
When the price enters the calculated target zone I now look/wait for a Zee indicator and an ADX trend change plus divergence
And about the calculated target zone in the last pages where I stopped Gann Legacy was added to the system.
I think this collection is already overwhelming and needs some time to digest and think. (at least for me
)
Please, let me know about your thoughts and bring forward Beatle's Legacy!