Argument is good to brush up own knowledge. Anyway Thanks Mr. Mcgregory and thanks Miss SkiBunny. We all will get surprise again if the market moves in opposite direction again. Nothing wrong with it.
yes and that is a good altitude, a full vase cannot gain new knowledge
keep it up
since it is holy grail, then one have to find it, haunt for it
just like mr elliot, he observed how the waves moved in a certain pattern and he come out EW, one has to observe how waves move and "how to accurately" know those count are high probability count and how at certain point, it behave that way. once you can find it, then u will get your holy grail.
ps: there is indeed something that i have but unable to share beyond what is stated above, sorry, but it is what i said above, just need to find out how
Well, I tried. No problem Stanchiam. I have been developing my own 'count' system that has been doing very well for me but as you say, you really do have to hunt out the grail and it aint easy to find. I have been sharing its ups and downs on the EURUSD forum because that suits me and fully accept your own approach to what you want to post. There are many voices here and each to their own is what I say. Thanks for posting what you do.
On top there is the trend line to stop it from moving upward. Once again, wave 2 cannot have triangle ABCDE. Thus i feel weird on my own count too. So I recount this USDCAD again. It should move down very fast.
Well, I tried. No problem Stanchiam. I have been developing my own 'count' system that has been doing very well for me but as you say, you really do have to hunt out the grail and it aint easy to find. I have been sharing its ups and downs on the EURUSD forum because that suits me and fully accept your own approach to what you want to post. There are many voices here and each to their own is what I say. Thanks for posting what you do.
nice, saw your system, still plenty of room for improvement, keep it up!
yes, to each his own voices.
posting my usdchf chart which i screen capture few hours ago before it hit the "top", hope it helps
cheers
Why close if you know it was wave e? You got in near the top. I am stopped in the money and will let it ride.
Good Luck.
Originally Posted by stanchiam
simple and easy reason, because i think it will bounce around there
anyway, just closing half, if it bounce, then i will reload those closed
cashing in is part of my job...lol
listening to the cash register ringing is an enjoyment to my ears
if it didnt bounce, i will be happy to ride it down further and more "chic king" (cash register) sound later
the current near 100 pips bounce (and still going up) is precisely why the need to let the cash register ring
if can save those pips and reload later, why should it be given back?
maybe i sound a little arrogant to some but hope bros here do not mind
cheers
If we could leave the "I" and ego out of our conversation and talk price levels, wave counts, stops and limits, we can avoid sounding like infomercials and self promoters we can continue a vibrant community. If you are truly good, you will get tons of private messages (PMs) asking you to either sell your system, manage money and all the things some of you are looking for. So keep on posting and having fun! But a rising equity curve in your own account while freely sharing with others sounds like a better plan.
Last edited by Gregory McLeod; 05-18-2012 at 08:46 AM.
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Lol! Those questions are not related to my poor English.
You're in need to read Frost & Prechter "The Wave Principle" or R.N. Elliott's "Masterworks". There you will find all this questions better explained than I can do.
Anyway, the triangle question is interesting, and Traditional TA has simplified enormously trading triangles. But when you understand well what is a triangle in essence you will find a more open trading opportunities.
I will give you an example recently viewed in IBEX-35 5 minutes chart. When you see this triangle you're seeing the leg up to wave 5 (continuation pattern, correct), ironically, I'm also seeing the big sell off following.
Still seeing it the same way as 10 days before, this weekly candle of the metals (just right before the close) looks interesting from a bullish stance... But it needs now a follow up of buyers imo... Good luck.
GBPUSD will it continues to go down. Doubt because it is still floating with last year close price. Are it going to form an expanding diagonal ? Few signs from crude oil and gold.
Crude oil is reaching last year open price. It may become a support and it can go up again.
Gold is going to go up to form last structure.
Interesting to see AUDUSD whether it pulls back or not ?
It seems after completion of 2main waves 1orA and 2orB this USDCAD pair is going to raise deramatically to its typical price target that is about 1.11.
During this predicted path we can have 2 middle resistant levels at prices 1.0824 & 1.0472 and the price 1.0117 can act as a support for market.
I should add the time within for our desired target is octobor 2012.
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Originally Posted by JoeyLee
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But a rising equity curve in your own account while freely sharing with others sounds like a better plan.
