Your trade secrets up to you but you dont mind if i talk to others who still struggle to understand your method which you dont reveal much
Guys, I believe Rela’s method very unique.Very sophisticated and advanced. If you struggle to graps his idea, may I suggest you alternatively reading Taylor who also dealing with waves in an indirect way and of course Taylor used statistics as well. I see Rela actually develops Taylor method in a creative way.Those who understood Rela’s just ignore this advice, thanks
Here the waves:Sp500 cash 15m chart
Here the statistics: Taylor mentioned Rally, Decline and Violation almost similar to swing 1, 2 and 3 which Rela have been discussed on. Of course, at the time of Taylor no computer at all.
Please, let me use TTT to shed the light on yours:
According to Taylor under a consolidated market (sort of Welles Wilder’s ADXR < 30):
2 days down then the next day usually up=LL_HH_HH+LL_HH_IS+LL_IS_LL+LL_HH_OS+LL_HH_LL=22.1+12.6+17.7+12.1+15.2=[B]79.7%[/B]
This is very high probability trading.That kind of 2 day downs happening when Low Violation occurred, so buying higher always makes profit according to TTT. Linda Raschke Bradford also highly recommended this pattern
OS_HH_HH 9.9% in a very strong trend when correction just occurred intraday (Welles Wilders’ ADXR >30)
Hi Rela,
Hmm, seems like your final version have moved on quite a bit from SB waves, I think I have to go and reread the thread about expansion and contraction.
But, I got a few questions now:
Does the expansion and contraction not have to be in a fixed time period like daily?
Do you still rely on higher TF or do you just purely stick to H1 now?
Wow, another great revelation!
Can see from the stats quite clearly SB wins over Barros, wonder how it would look like on the H1.
I’m surprised Barros could produce stats so close to SB though, when I started looking at Barros, seemed hard to make decisions given the extra varying time factor…
Want to come back to trading and researching soon… so much to catch up on…
Thanks for the stats!
From the looks of it, seems that the swing relations are very similar, but the time variances are much larger for Barros.
Do you still rely on the time factor of catching swings, or is it of less importance as you begin to map out better the swing patterns, that you can mostly just look at swing lengths in terms of price?
Almost couldn’t recognize this thread coming back here…I guess this is where the master takes off.
I am still struggling with getting the trading together, especially on what Rela have taught, but I’ll just keep on working on it.
On a more positive note, I’ve always found this thread to be a resource that’s been beneficial in a few ways.
It’s showed me a new way to think about the market: not just different combinations of indicators, time frames, risk management techniques that are very common the forums. Home made indicators, in depth research, and a back test result that’s more comforting to me. The statistical basis and the fact that you can ‘see something there’ is enough for me, even if I don’t have the resources myself. And that’s enough for me.
Finally, as Rel would say, ‘take what works for you’. I think I have a decent understanding of everything that’s gone on in this thread in the abstract; the design and the point of it. Yet, I struggle- no, I actually flat out fail at being able to implement the designs in this thread in my own trading. As a result, I’ve read the thread many many times, and taken the parts that fit well with me. Good luck! (:
