Mob

[Ainsley]

I have noticed certain things about the MOB study used on ASX stocks (whether it differs to other exchanges I dont know)

On liquid stocks the MOB is broken and trend continues for a few more days before the the price reverses through the MOB to break the trend

On atype 1 trade the MOB is usually not far off the previous highs of the wave 3 even though the PTI is above 35 it's not worth entry at the 1.5 ext where the exit would be the MOB

Is raising the stops the only way of maximising profits

are there other indicators I can use

[Philby]

Aynsley,

I have noticed the same thing with the ASX stock - in fact I have been running a series of paper trade tests on a combination of large liquid stock compared to less liquids and found that when I applied the fibonacci extension to get an idea of the risk return ( 1.6) area it was not even close to the MOB which was slightly above the W3 high.

This was very frustrating as the MOB was low, the Fib was high and the RR was way below 1.6 so I kept walking away from the trades. I was starting to wonder how I could make money out of the ASX using the GET rules/guidelines.

[fabrizio]

Gentlemen

Seems like you do not "apply" yourself enough on what Tom Joseph says.

FIRTS - THINK IN PROBABILITIES AND IN WHAT YOU SEE NOT IN WHAT YOU BELIEVE.

What is a MOB? The maximum extension before a price became impulsive

HOW MANY TIMES A MOB STOPS A TREND ? 7 TIMES OUT OF 10

So as a trader what I should do once I am close to a MOB in a UPWARD movement?
SHORT IT, WITH A STOP JUST ABOVE THE UPPER PART OF THE MOB.
Consequently:
A) I have 7 chances out of 10 that the price will bounce back on the mob ; maybe not forever , but just enough to make my trade succesfull.
B) in the case IT DOES NOT and BREAK UP , my stop is CLOSE , son I have no problem to:
- being stopped for a modest amount of loss
- SAR my position to long and follow the impulsive movement.

[fabrizio]

.....more

The MOB is Low? The fibo is high? , so what? Are you trader or acountants? What the overall picture says? what the XTL says ? What the TJ OSC says? what the Elliot localizer says? what the alternate counting says? where is the closest ellipse in formation? and how did the price reacted to the other ellipses? where is my price in relation with the RTC? has been broken the upper part and the bar has closed above or not or is in the median line? if is a W4 bounce how is the PTI? and the Elliot trigger did confirmed?

Trading is practice. Trading is no fruistrating. Lose is part of the game , I MUST ACCEPT IT. I cannot stay sideways 99% othe time and point my finger to the soft. You are in front of the soft , you ride the Bike or the bike ride you around? Ask it to Ben Bomstrom.

Even if EVERITHING IS PERFECTLY IN SINCHRONYSM WHO EVER SAID THAT THE TRADE WILL BE A PROFITABLE ONE?
TIMING IS ALL , think in term of TIMING.

More:
You guys thinks in terms of "How much can I make "
Wrong
Think in terms of " how much can I lose" how can I work having reasonably tight stops?

Take care about your losses and your profit will take care about themselves , says my teacher in AZ.

I Hope I added something usefull to you.
Otherwise disregard this post

Cheers

[fabrizio]

This is a practice that I DO NOT ADVICE TO YOU SINCE NOT SAFE but i do practice it often.

Bouncing between two MOBS , one above and one Below.

[Ainsley]

Thanks Fabrizio,

Never truer words said, its easy when going it alone to get stuck in a mindset, to break it is the chanllenge, your comments, see below, are very accurate.

You guys thinks in terms of "How much can I make "
Wrong
Think in terms of " how much can I lose" how can I work having reasonably tight stops?

Your comments on the MOB are an eye openor, I have seen this on the Video's but once in the rut of a mindset all is forgotten.

Thanks for the pointers.


Below are Fabrizio;s comments

HOW MANY TIMES A MOB STOPS A TREND ? 7 TIMES OUT OF 10

So as a trader what I should do once I am close to a MOB in a UPWARD movement?
SHORT IT, WITH A STOP JUST ABOVE THE UPPER PART OF THE MOB.
Consequently:
A) I have 7 chances out of 10 that the price will bounce back on the mob ; maybe not forever , but just enough to make my trade succesfull.
B) in the case IT DOES NOT and BREAK UP , my stop is CLOSE , son I have no problem to:
- being stopped for a modest amount of loss
- SAR my position to long and follow the impulsive movement.

[fabrizio]

Ainsley

I am sincerely glad I did something positive.

You are not "alone" : you have your mind, your growing science, and one important thing inside yourself.

The more you practice the more you develop an "insight" . A non coscient and non rationale and structured instinct .

Nothing esotheric:
you are driving and suddendly you find yourself in a dangerous and complicated situation where your car is sliding or whatever.

You do not THINK: "now I'm going to do this and than that and then that again......" you act like a flash to overcame the situation.

"Gazillions" of elements are elaborated in a nano sec. or you just have developed an "hinsight" due to your experience that drives you out of the situation?
Boh?
I would personally rather tend towards the latter.

The same apply to trade. And Often save your..........

[Ainsley]

Polarized Fractal & CCI / RSI Chart

Hi Fabrizio,

Ive been reviewing this post and was wondering

1.) what the Polarized Fractal is about and where to find it, this must be an eSignal thing??

2.) How did you get the CCI & RSI overlay

3.) In the example, it would seem that the trend line is the trigger for exit and entry on trend, is this how you do it??

4.) I understand the XTL entry based on 1.5 extension, however Whats your thoughts on exit, for example
4.1.) Crossed below trend line
4.2.) Fallen below elipse (what if below elipse but closes above elipse)
4.3.) exit on first black XTL bar

Thanks in advance

Regards

Ainsley

[gspiker]

Hi,

I'm not fab, but...

1) PFE (Polarized Fractal efficiency) is not an eSignal thing (though there are a few EFS's out there that do this), it is an indicator invented by "Han's Hannula" which (just between the two of us) is the pseudonym of Al Larson (not to be confused with Gary Larson). The fact that Han's is really Al is a dark secret that shouldn't be revealed to anyone who can't read.

It is a fairly simple formula that uses some idea's from Chaos Theory to determine if an index has reached its peak in movement.

[ACM]

Ainsley

2) To overlay indicators simply click and drag one indicator window over another while pressing the <Shift> key. Release the mouse button when over the desired target window (which will be framed in grey)

Alex