The Brains Trust - 2024, page-1858

@Patterns thanks for your considered response, much appreciated. There is still a lot in your posts and the response that is unclear to me so I did a little table below with some follow up queries. If you are willing I would really appreciate more responses.
Also when you post your charts I for one would love a few more notes describing what you are showing. Great to have a new poster on the forum

	G.J. question 11/8/24	Patterns response 12/08/2024	G.J. thought 17/8/24
1	1. Can you define why you believe "everything is either a dump and pump or pump and dump" ?	1) Everything in the market is measured and timed. Markets expand and contract. Markets follow repeatable templates of which there are two PnD and DnP.	How is your PnD any different to wh=at most would call a break of support and adowntrend? & vice versa?
2	2. And what precisely you define as everything is either " a dump and pump or pump and dump"	2) What traders usually search for is huge parabolic setups, where price goes straight up or straight down as price turns the corner after the initial consolidation and expands the range either 100% or 200 % in measured moves. The question becomes how do I know when price is setting up for a range expansion of this magnitude? Usually, these massive parabolic trend trades occur when we see the template for a dump and pump or pump and dump. Everything between the peak formation highs and lows is irrelevant background noise and the only acceptable time to trade inside the trading range is following a coil sideways which invariably precedes a parabolic move. Big parabolic moves come out of large consolidations.	Yes agree we are looking for big moves up if long and down if short BUT what exactly is your “template for a dump and pump”? Agree but f=define everything between your BUY and SELL as the noise. Agree Agree
3	3. "if price is moving down making lower lows and lower highs and suddenly we find higher highs on the inside then this is the start of the dump and pump setup." What timeframe are you talking here?	3) Any timeframe because timeframes are fractal meaning 4 X15 minute charts make an hourly chart and 6Xhourly charts makes a daily chart. So whether you are looking at a five minute chart or daily chart, you are looking at the same movement of the same price over the same time during the day	Aren’t you simply saying that when a series of L-H and L-L’s are broken by a H-L that we have a change of trend? It might go sideways OR it might go up. Is that your PUMP? Of course it might continue lower and form a L – L.How does your system allow for this?
4	4. Can you explain what you men "The fun begins when weekly templates are introduced into the mix." and "The easiest money is made on Wednesdays and Fridays while learning the process and the hardest part is learning not to trade until a setup appears."	4). Markets work off levels of price the most significant being 00's, 25's, 50's and 75's. Big moves invariable begin and start at these levels.	Can you explain your rationale for “levels of price the most significant being 00's, 25's, 50's and 75's.”?? I do not see these marked on your charts anywhere & I have no idea how you are using them in your trading? Are they analogous to Fibonacci levels of 23.6%, 38.2%, 61.8%, and 78.6%”?
5		Also significant are daily highs and lows, weekly highs and lows, monthly highs and lows etc. Previous day's closing price should be today's buying price according to Paul Tudor-Jones. Pick a long and short term timeframe and see how price behaves at these important levels. The trick then becomes when is the trend your friend and when is price reversing, and when is price stuck in a trading range.	How do you use the D & W H & L’s in your setups? I don’t see them on your charts?
6	5. You say "AS far a Heiken Ashi goes I like it because it knocks out the gaps and it is easier to see trends because once we see a doji at the top or bottom" Do you always use H-A? (PS I am a big fan BUT fairly new to using it)	5) candles are insignificant the major factor is can you pick a parabolic setup setting up and can you enter where you won't get stopped out and can you scale up to make real money from the trade. Can you rinse and repeat when the pump and dump setups or dump and pump setups present in your basket of tradable instruments?	I’m not sure what you are saying here?For me the ONLY important things are: 1. The set up that triggers a Buy. 2. The level I se a stop which in essence is the level that proves the reason I entered was wrong 3. The level I aim to take profits 4. The tracking of the trade (if profitable) to make sure there is no early sell signal; here I am using a combo of trend and Sup/Res lines, and more recently H-A.
7		6) The real beauty of Heiken Ashi it two fold, it helps to keep you in the trade longer and tells you when the trade is over by presenting a doji top and bottom of the trend but the more you focus on setups and not movement the more the candle type pales into insignificance.	As stated above I like H-A BUT LIKE EVERYTHING I STUDY IN TA it is not foolproof. Seen many examples of H-A wher the “magic doji appears and even a reversal in candle colour for one or more periods & then the trend just resumes. Any thoughts?