Hey folks, I registered here because I follow MA for years now and being a user of socrates. I read the Manuel several times and still had problems with my stagey. Its way too complex.
Here is what I have understand so far, hope you could share some knowledge to become better
.MA often stated that it is a matter of price and time together.
Entry Point
1. You first look at the GMW (Global Market Watch) for a right pattern. Yellow or Light Blue.
2. You look at the Reversals and they need to elected to confirm the GMW.
3. Read the Analysis to confirm your suggestion of the move.
4. Make your own Chart Analysis. Fibo and staff.
5. Then you look at the Arrays (Pro Membership) for the Right Timing. Top down from Monthly to even Daily (but Daily is really not that precise)
There should be a Cycle Low or Cycle High around the date.
6. If the Reversal is elected (only Weekly or Monthly imo) you open a position and the stop loss has to be the Reversal on the other site. (For a Bull Move the stop loss is the Weekly Bearish f.e.)
Exit Point
1. Look at the Reversals (we have already elected one for the entry so we look at the Second and Third) Often the Market will elect 3 Reversals in a row and then test the other site. Electing 4 Reversals tend to a change in the Trend.
2. Look at the Array to search for a Exit point.
Also there are lot of special things to look at
.
Reversals
1. Electing 4 Reversals will alter the Trend (only Monthly and Weekly)
2. The Price will rather move to Double Reversals or clusters (can see it in the Pro Membership) They signal a abrupt price change
3. Reversals working best under extreme Volatility
4. How Quick they elected will signal the degree of the move
5. The 1% rule (electing a reversal more than 1% away, will mostly tend to test the reversal again)
6. There are Minor and Major Reversals (Major = from Major Highs, Lows)
Arrays
1. The best Turning Points are NOT only the highest Bars. The best Turning point is the highest Bar with a Directional Change, Panic Cycle or Cycle Low, High around that date.
2. Dont use Arrays on the Daily scale.
3. A Cycle Low or High does not mean a high or Low in Price
4. Panic Cycle and Directional Changes could mean Up and Down. You have to look at the Reversals and Resistance levels to know best.
5. Cycle Inversions are Turning Points where the Price is keep moving in the same direction. They are normal in a vertical market and they unfold routinely when trends are shifting.
GMW
1. The GMW is simply a pattern recognition system to see where a potential Trade could emerge.
Energy
1. MA often refers to the Energy, if that Model is peaking without a new High in Price, it is an indicator that the High is in place. And warns of a retest of support.
Gaps
1. Also MA is looking for Reversal Gaps to maximize the potential Trade.
Indicators
1. (Copied)
.Immediate to Intermediate provide the indications for the market on a short-term trend perspective. The last four indicators from Long-term up provide the top down viewpoint. When all are in a bullish mode, the trend is really booming so you then look to the next reversal above the market for target resistance. When this is all bearish, you look to the next reversal below for support. You will notice the indicators will start to change as a market is shifting direction. When everything is in a bear mode, you will find a more serious decline in underway.
Long-Term Trend ........... BULLISH
Cyclical Strength.......... BULLISH. (Abrupt Price Movement over 15% from the last important High or Low)
Broader Trend ............. BULLISH
Long-Term Cyclical Trend .. BULLISH
Like I said, still have my problems in master that Strategy. If you could share some of your knowledge would be helpfull.
Also, socrates is using the Reuters Price-level, which is often different to my brokers. And I have watched the system electing a reversal when it should not. I wrote an mail and obviously it was a bug. So these things make it even more complicated.