TAB 29 Trading Flashcards
1
Q
How the Hull 21 must be used
A
It must be used as a trend Reversal Indicator, used as a MM exit.
2
Q
Does news affect the Elliot wave ?
A
No, the Elliot wave is always completed.
The news compress the time of exhaustion
3
Q
Is Elliot wave a trading system ?
A
No, it is a way to describe price movement
4
Q
Wave 3 extension target from 1-2
A
45% - 1.618 to 1.764 30% - 1.764 to 2.618 15%- 1 to 1.618 8% - 2.618 to 4.236 2%. - .618 & 1
5
Q
What is the probability to reach [TAG] the 62 when price came from outside the SB 32
A
87% Chance to get to the 62 when it is coming from the 34, cross the 21 and on.
6
Q
Why 62 is considered the best for us
A
For the years of Steve’s observations, 62 is the best MA for its fibonnacciness.
7
Q
How the waves turn over in a major Reversal ?
A
One by one with faster moves in slower TFs
8
Q
What is the average slush of the Hull 21 ?
A
Around 23 %, We will catch in average the 77% of the move in the respective TF.
9
Q
What does Harmonic Wave Convergence means?
A
It is the Multiple Time Frame Wave Exhaustion Synchronization
10
Q
Characteristics of wave 4
A
Shallow and Slower than 2
Will never pass 17% Retracement of A-X = 87% of total XA
Usually is a consolidation.
11
Q
Characteristics of TAB 29
A
1) 30m, too much erosion
2) bar flip only in 1 min
3) Bars are not trade continuation
4) No LLLUL
5) No Sliders
6) 4 experts per Peak + 12 experts per Power
7) 1-5 TBF = 1 ind per Bar, 6 TB = 4 ind
8) It is an advanced version of MW
12
Q
What is a FAN Retrace
A
Is a pullback from an HWC Multiwave that tell us that price is actually “Retracing”
This is an ABC corrective move, which tell us that we can enter in the A or C for the impulsive 2.
We trade in the 1 min extreme.
Only if the pullback before the HB of 1 min is more than 8 pips
WE DO NOT TAKE THE FIRST ONE OF WE ARE NOT PREPARED TO TAKE THE SECOND ONE
A = 65% of times, the rest are C
95% of the time this will lead to a Higher high
ONLY IN 10 AND 30 MIN, NEVER IN 240
13
Q
What is the objective of precise trading
A
To get the precise moment of a wave move with high accuracy
14
Q
Where do my trading success comes from ?
A
Selectivity and discipline
15
Q
How the EUR/USD pair is structured ?
A
EUR is the Base Price, while USD is the quoted price.
16
Q
Reciprocity law in Elliot Wave ?
A
If 2 is complex, 4 is simple… and viceversa.
17
Q
How do we know that a PF is excellent ?
A
Because the is no doubt that the UP/LP are really strong
18
Q
Which waves of EW are we looking for?
A
ABC and 1-2.
19
Q
Wave 1 Targets ?
A
From the last ABC move, B is the 38% of C, then 1 will be the 31.8% of that XC move
20
Q
Who can Trade with Precision ?
A
He who have Mastered the MTFA. They can make trading with precision.
21
Q
Which TF I must be looking in a pair?
A
The one that shows The Structure.
22
Q
How HWC is in Charts ?
A
HWC is the occurence of 2 or more lvelvs of cyclical waves (Harmonics) exhausting (Terminating) at precisely the same time and price.
When this convergence takes place, price will almost always reverse.
23
Q
What I will see in the MW indicator?
A
- A predictor of Price Tops and Bottoms for Reversal.
- Real time, zero lag
- That of the 4 movements is price making
- a High frequency of patterns but not 100% of the time
24
Q
What is the Goal of our trading ?
A
Preserve and Protect Capital, and then Grow the Account.
We do not gamble, think, hope, dream or wish.
We do not follow other people’s trades.
We only trade when there is a trade to Take.
25
What is the average Channel in different time frames ?
30 min - 72pips
10 min - 26pips
1 min - 7 pips
26
Why price is moving.
Price is the Action resulting of the Behavior of traders
27
Where do HT comes from?
Is Fibo applied to the 144 pip target from the 13/62 EMA cross.
28
Where do SB comes From?
They are static bands from the EMA 62 with the increasing number of pips based in fibo numbers.
62 is the center of the way, SB are the Shoulders.
29
Which one is the Sweet spot for Hedge Trades with SB.
55 to 34
89 to 72 or 55
Routinely occurring move, every week in different pairs.
30
What dictates Intraday Trading ?
The 30 min Chart. For its volume and channel size
31
What is TAB 29 about?
It is about taking trades in the Area where should be a reversal and if we are early, then to secure and exit.
The holy grail of TAB 29 is when we enter wrong and it let us get out early.
32
Where is a 10 min wave located?
It is the lower wave of a 30 min wave, that is the main reason they converge.
33
What is the most powerful 10 min convergence?
The strongest is when we have a 30 min Convergence as well.
| Remember: the bigger the wave, the more they are likely to slide a little. (SITG)
34
Why we look for bigger Channels?
Because we do not Want Slow movements. Big channels means big movements.
We want convergence in the end of a Higher TF Channels with the HWC.
35
Where do we have a smaller slush?
In a lower TF.
| We can not go to a higher TF without increasing the Slush.
36
What does TAB29 do to other systems. and what other systems we work with?
TAB29 add precision to all other systems.
| Scans, Forks, Fibos and a Strong PSR.
37
What Kind of Channels are out there?
Perfect Channel - With TTPT in UP and LP made from true trend lines
Not Perfect Channels - They follow the overall direction of the price
38
What Kind of R/R we are looking for?
We must look for 3 or 4 to 1 R/R after HWC
39
When TAP 29 HWC is not needed ?
When there is a proved TL, there we only need to trust the HB of the P1. like a POT
If divergence appears, is even better.
40
Where do we find Ms and Ws ?
Ms at the Top
| W at the Bottom
41
Could SnR be forecast ?
No, we can set probability zones but We Must confirm in Real Time?
42
Does 1 min Extremes End a 4 Hr move?
Never.
43
Which line of the INS and SB Should I be looking for?
Be focus in just the one that is working.
44
Is the INS effective after consolidation?
Due to the fact that not enough separation is there for calculation, Narrow conditions are not IDEAL
45
What should I do to prepare Set ups?
1) Put Fibo in the 4hr moves
2) Mark which INSs are near a PRZ or HPRZ
3) Look where the 62 is
4) Look for TLs or PFs
46
How do we exit a trade?
We exit according to the TF we are trading and the MM that we are using for that trade.
47
Which points should be used for a PF ?
They must be HWC points. Try to add a PF of the last swing.
48
What is the reaction time to entry ?
The reaction time must be less than 2 min, if not then do not take the trade.
Advanced traders made it in less than 1.
49
What is the Use of PFs in lower TFs ?
They are used to find EPs in Higher TF PFs.
| A good 30m PF could last days, 15m a couple of days or hours and a 1 min will show frequently touches.
50
When do we use the Hull?
When I already have pips in hand and there may be more pips but the indicators may not allow that opportunity.
We exit in the closed candle in the against the direction of the trade, never in a live candle
51
Is the Hull related to HWC?
No, they are two different systems.
52
When we must jump to a Higher TF hull?
When the next level is in that direction and in the using conditions to apply the hull.
Only we do it when there is enough space and run in that one.
Only when our lower level Hull is being compromised.
Going to a Higher TF Hull will give us the chance to catch a bigger move in that direction.
53
How we name Fibos in a Fork Fibo?
1) if price is extended more than 100% retracement then is a EXTENDED RETRACEMENT.
2) If price goes futher than 0% then is a FIBO PROJECTION
54
How we consider that a candle is bigger than others ?
Because it is 2 or 3 times bigger than the previous ones.
55
How a pristine Fork Look like.
The touches are perfect in the LP/UP
| Price is challenging the fork with those candles and wicks
56
Which PFs are the only one that I am going to Trade?
The ones with EPs
| The only reason to trade PFs is when I know that they are pristine and ready to work
57
Can we Have a PF with Effy touches?
Yes, we can, but only by using the HWCs with TAB29.
| This equals a tradeable PF with HWC
58
How do we trade the CD leg of a Harmonic Scan?
If C is an HWC and meets the criteria, we must use POT to reach the D.
We want to be in the C and ride to the D
59
Which wave is the priority in waveology?
The higher wave is a priority due to the fact that it is the dominant force.
60
What is the meaning of When a Higher wave is SITGs, and the next lower level is SITG in the other side?
It means that the higher will go high, but later. First there must be a retrace and that price is pushing in that direction (Remember that scale is relative in TAB29)
61
What other uses could the parallels have?
They could end snakes.
For MM exits
Fore reversal points.
62
What is Reverse Compliance?
It is looking for confirmation in the data (Past)
| From now on, we will be looking for the future data to meet that compliance.
63
What is tradeable in a Fork?
The 3 lines, ML, UP, LP. with energy points.
64
What considerations must be made for fibonell bounces?
There must be another elements like fork fibos, or higher TF fibo clusters.
65
Do I need to count Elliot Wave?
No, I only need to identify structure for PFs and HWC
66
What is the power of TAB 29?
It helps to see trades where there was not before.
| More trade opportunities per week with precise and Higher %
67
Where else we could use TL?
In the indicator field.
We can take trades with an established trend line in TAB29
We can follow the impulsive moves.
With a perfect TL we could exclude TBF
The TL in my indicator must match the trade that i am Taking
68
When usually you will get a Wedge?
After an impulsive move, it is a continuation pattern.
69
Are all Tops and Bottom tradeables?
Is up to me to decide which ones are tradeables in favor of the R/R to me
70
How much % TAB29 reduce of the MW -3s?
About 50 to 75%
71
Which ones are the strongest SnR in a Trade?
Pfs and Stablished TL with proven perfect touches.
| Channels are also tradeables.
72
Are some trades equal?
No, we have to treat them individually and differently. same MM parameters but not expecting of hopping anything.
73
Do we trade TAB by itself?
No, There Must be something to trade first like a TK, HPRZ or a PF.
74
Which nature of the wave we are looking for?
The impulsive nature.
| Always recognize in which direction I am trading
75
How we detect a change in impulsivity in a POT?
After a HL in the indicator, P1 is not able to reach the EZ and then it creates a LL. Which is not a trade.
76
What is a mixed signal?
When P1 is creating HLs (or LH) but not reaching to the EZ.
77
Can we mix the MM systems?
No, never.
78
What kind of move I must learn to identify in TAB29?
The 1-2 move to catch the next impulsive move 2-3
79
Did pristine trades exists?
```
Yes they DO.
I need patience to find them.
They exist and are real
They make pips
They keep my head game up
They compound
They let me enjoy my life with just 5 pips a day.
```
80
What pattern a in TAB 29 shows Great convergence?
A V is a great Convergence.
81
What we should do in an ABC correction?
Apply the magic Fibo.
82
Why we must start with the [50] 10-1 HWCs?
To learn which ones are the good, the bad with what MM and to perceive the candle size to meet the criteria.
It will leverage everything
Help us build from mechanical to subconsciously trades.
83
How wicks affect my trades ?
It is a sign of indecision, gambling. Not a pristine Trade.
84
Why we look in Higher TFs and trade in 1 min?
To Understand what price is doing in the Higher TF to use that information in our favor to get the Higher TF moves in order to make a precise entry.
85
What kind of trade we made in a upward channel?
Buys in a Buy channel and Sells in a Sell Channel
86
When is an excellent opportunity to change for the Hull in an HWC to HWC trade?
When the waves reached the other EZ and started to Snake.
| We can move our ESL to the price where the SITG began.
87
Which one is the easiest pip Show?
When 30-10 are snaking and there is a 1min PB where we enter to reach the snakes again.
88
Do we know in a Snake which HWC will be the one that reverse?
No, is not clear when just using the HWC. Other tools could improve the accuracy to know where.
89
Why we must check the Higher TF waves?
To look at what they are doin in order to determine if that could affect my trade in the lower level.
90
What we can do after a PAC move of a S or R?
After the PAC we can move our SL there.
| Protect myself and let the profits Run.
91
Which wave is a good candidate for a projection?
The one that has had at least a 38.2% Retracement
92
Is TAB 29 a model ?
No, It is the Science of how the markets move. TAB 29 is the last confirmation
93
What is a common practice for a successful trader when charting?
Stacking probabilities.
94
Is Elliot wave occasionally shown in the charts?
Nope, it is present all the time.
95
What does MTF Analysis means?
It means to be a Multiple time frame chart reader.
96
What is the most important thing to learn about HWC?
The patterns that it makes.
97
What dictates the Intraday trading?
The 30m chart for its volume and Channel size.
98
Do price ever turn in black space?
Negative, there is always something that made price turn at that point, and it is your duty to find why.
Use all the PSnR systems available: PFs, TLs, Channels, INS, SB, EMAs, Fibos
99
why is important to do the Set ups?
To know what is going on in that Pair in the different TFs
100
What is traded in the Intraday System?
In the intraday we use the wave movements (Fractal movements) of the Higher TF movements (Big moves)
101
When we exit a trade?
We exit according to the TF we are trading and the MM that we are using.
102
What is the wave relationships in the Charts?
Daily - 4h - 30m - 10m - 1m
103
In which conditions we usually have trades all day long?
Usually as long as the Channel is good.
104
Do we use all the EW parameters?
Nope, we only use what is relevant for HWC, the rest is not important.
105
In an impulsive channel, what is the max retrace that usually price made?
Not more than 23.6 retrace.
106
What is the main difference between TAB29 and MW?
That we can trust the HBs of P1 because it is made from 4 indicators and the TBFs
107
How R/R is calculated?
With a 2 pips entry, 3 pips MSL.
Using those 2, in a 10 pips channel then 10/2 =5
With a 3 pip entry 10/3 = 3.33.
That is why is important to enter a trade in less than a 4 pips pullback
108
Which one is absolute, and which one is Relative?
Price is Absolute.
| TAB is Relative.
109
Why channel size is the first thing to consider before trading?
Because TAB is related to channel size, we trade that channel. That is why is imperative to have a well developed channel to get an excellent R/R
110
What R/R is calculated to?
It is calculated to our pip potential.
111
Can a TL in the indicator only be in one TF?
No, it could be in any TF, from the 1 to the Daily.
112
Must all channels need to be parallel?
No, using Tops and Bottoms it will be ok for channels to bend.
113
Do I need to see the videos 10 times ?
No, it is ok to check and study but the only way to learn will be by demo trading.
114
Why the Tops and Bottoms are not always perfect channel ?
Because Tops and Bottoms is how the trend has developed, How Big it is.
115
What is the main objective of TAB 29 and Steve?
To create Master traders, experts in the Science of price movement.
Knowing the Science of price, we could trade any TF in different situations.
116
Should I worry about which MM is better?
No, I must practice 10 trade with it and then 10 trades with the next in order to develop it every time.
117
Can TAB 29 + 62 could be traded by their own?
No, TAB 29 does not facilitate a bounce of the 62.
| We must combined with other PSnRs.
118
Can we make big pips trading the 1 min wave?
No, It is not possible.
| But we can easily make big Gains and greter returns than people trading bigger TFs.
119
Does the Risk increase when we increase the TF?
Yes, we will have more -3s, but with one trade we will have 1 huge trade with precise entry. more than 70 pips
120
What is a white Bar?
Usually when 2 waves of the stochastic are in the same value.
It must be considered as neutral, it must match with the main color.
121
For a TL in the indicator field, why aTBF for a buy is not common above the PZ?
Because, for the Bars to calibrate, they need enough room and time to do it, that will happen more frequently if P1 is below PZ.
Everything below the PZ is typically safer to trust for a buy.
122
In a Steep and narrow channel scenario, what would be the ideal condition in our indicator field?
With an accurate TLs in the indicator field, applied to P10, we will take trades in the extreme bottoms of that trend.
Remember that those TLs must be perfect
123
What a TL in the indicator field indicate?
That there is strong price pressure in that direction.
124
How a true KSP is developed?
It will be developed after tons of trade with the same system, following the same rules and with the same MM over and over again.
125
What is the win/loss relation ship using only TAB29 and why we must use another systems with it?
1 - 50/50 TAB29 by its own
| 2 - 80/20, 90/10, 75,15 if we add probabilities with other systems like Fork, Fibos, TLs, Scans, etc.
126
Why we trade textbook trades?
Because they allow High predictability.
127
Why is important to trade in the main direction of price pressure an exit at the end of it?
Because is better to get every impulsive movement than holding the erosion in the non impulsive moves
128
How we deal with a normal channel vs a steep channel?
In a regular channel we enter the first impulsive and exit at the extreme.
In an Steep and narrow we don't trade HWC against main pressure, we use the channel direction to stack trades in the main direction of price.
129
What is consistency and profitability about?
Consistency is about wining trade, this is translated in selectivity of what we trade in order to win every time.
Profitability is about an excellent R/R ratio, precise entries capturing big waves.
130
What will always be your main objective in trading?
Finding ways to do it better and evolve in my trading mastery.
131
Why is better to trade wave 2 instead of X or 0 ?
Because X or 0 will have slush most of the time while 2 is always impulsive within the known parameters.
