95294hmmm....next time I see my system Function on NQ or not
I now holding on to ES short
95294hmmm....next time I see my system Function on NQ or not
I now holding on to ES short
953282 Structure (s)There are many ways that provide a strong clue.
Now I know I am posting charts labelling with EW counts, that can be too difficult to understand unless you have knowledge of these, but don't be so quick to dismiss them because of this.
Trading is a learning process. Here is a chart of Brent Crude out of approx per year past;
Waves generally have fibonacci relations and you will find formula's for them. Here we've got a 5w move at the process. Wave 3 is just 200 percent of wave 1. Wave 4 as standard procedure will retrace 38.2percent of wave 3.
My point being - by using this info, I could watch the frequent fib amounts between waves and see if there is a response at one of these...
If a 123 happens at a location where you are already anticipating you, it creates a much stronger likelihood that it is a legitimate one;
So if we printed this eg;
You've your fib retracement level, your 123, your trigger and then the pullback. Add it all together and you've got a setup that is strong , plus a wave to follow along, thus highs as a goal.
I find myself always apologising for post here on Harold's ribbon in what seems to be detracting from the original strategy... and yet, clearly it is relevant. This is one instance where I predict the ending of a trend or really determine.
95328 Ok so here is a chart from the Q's end of Jan;
that's utilizing wave counts to predict the end of a fad. You are able to view that I expect the trend to continue South. Now in the next chart;
50% is not actually a fibonacci number, but it's a very common retracement level in it's own right... As standard procedure I see reactions at the 50% and 61.8% retracement degrees of almost any obvious previous moves (cycles). If we get a 123 from these levels, it gives a far broader indiion of probably end of correction and back to primary tendency...
95328 One final one whilst we're on the topic of determining a trend's ending (and earlier I suffer more anger of JT's mickey taking!!! - you know i love you JT?!) ;
here's a great chart predicting ends of not one but two trends;
FTSE per year past;
The overall move is abc corrective to the larger uptrend, but within that, of course, we also have the'b' wave which is corrective to wave'a'.
Even without knowing about these cycles... let us keep it simple; wave'b' retraces 61.8% of wave'a'. Wave'c' is exactly 161.8% of wave'a'.
Look for reactions and 123's in one of these levels. After we know that there is a move corrective, we will resume the key trend and thus new highs to be anticipated.
The significance of which is that you can then exchange out each break and retest of S/D zone with a tiny bit more assurance.
Ok, I will return over yonder today!
95328click Divergence in one of his articles, then click Message you get this:
Attachment 2215470
Nice charts, btw, dk: do the sup/res zones draw automatically?
Your charts are CET, not UK time ?