God bless.
Eeeer i wash hands alredy hor.
Feet not yet wash.
Did i scratched my backside?
Eeeer never mind wash again
hands hor not backside.
Regards.
1
The Ultimate Fallacy in Technical Analysis 99 replies
"Technical Analysis Fallacy" thread people, I need your help 54 replies
Technical Analysis Fallacy Redux 23 replies
Statistical analysis fallacy 33 replies
Disliked{quote} Why paiseh? Make money and help everyone no need paiseh. Lose money then should paiseh. Welcome. RegardsIgnored
Disliked{quote} Hi fti, opps i guess you're right. i will thrive to be the former so step by step ah.. wrt Elliott waves that was mentioned earlier, wave 4 going beyond wave 1 peak of rule 1 that rule was actually added later on right? and the extended wave usually occur in wave 5 but nowadays they are saying it's most often in wave 3. what about the channel counts? would you use it as a reference? my feel about it is that we can take it into considerations but not blindly follow it because by having it imprint onto the chart would gives...Ignored
Disliked{quote} Hi dbrown You posted the page and highlighted the major "takeaway", go back and read the other links in the original post (thanks Phil). It's all there. Why are you looking for EWs and attempting to label them? Isn't that predictive, curve fitting? What about the dance? Maybe they will come to you? This is for everyone here asking questions, It's recommended to read the first 200 pages of this thread, it's all there. Start dancing and internalise it. One step at a time, no short cuts. If you want to learn to trade, like professionals, I...Ignored
QuoteDislikedWhy are you looking for EWs and attempting to label them? Isn't that predictive, curve fitting?
Disliked{quote} hello zoran, sorry for the protracted reply. I>https://www.forexfactory.com/showthr...5#post12811225 it wasnt the topic i was looking to discuss but fti analysed my chart with ewt---->https://www.forexfactory.com/showthr...2#post12812302. my understanding is that ewt is another form of pattern analysis not so different from seeing a h +s... the thing is ... not every h+s ends up being reversal pattern. i hope I have explained myself clearly... but i have to run. wishing everyone a good trading...Ignored
Disliked{quote} hello zoran, sorry for the protracted reply. Im in the middle of moving and my work has been slammed due to this pandemic. I didnt want the convo to die out but I havent had any time to reply until now. {quote} No I do not think that counting the waves is predictve. My understanding is that assumig because you have waves 1234 that there will be a 5 ...or that because you see a wave 5 that the markets must make an abc correction. If you research some of John hills studies he (as mentioned in the thread) he talks about ewt then goes on to...Ignored
Disliked{quote} Let's go deep! You never completed lesson 3, can you show us the Greeks? ΔΓΘvpIgnored
Disliked{quote} Let's go deep! You never completed lesson 3, can you show us the Greeks? ΔΓΘvpIgnored
Dislikedhi dbrown "No I do not think that counting the waves is predictve. My understanding is that assumig because you have waves 1234 that there will be a 5 ...or that because you see a wave 5 that the markets must make an abc correction. If you research some of John hills studies he (as mentioned in the thread) he talks about ewt then goes on to say markets can move in 3 wave sequences or 5 wave and 7 wave. i think the rigidity lies in trying to curve fit everything to make it 5 waves then abc." see if this helps: 1. curve fitting counting EW is not...Ignored
Disliked{quote} Eeer oh is my fault? Ok how deep you want? https://youtu.be/4Nro6oCup5E Hahahahahaha https://youtu.be/rlIIyumRI1k https://youtu.be/Ca2JFaYX5AAIgnored
- you can see that there was no need to consider EWT counting in the detailed/theoretical manner that many is asking on this thread "to improve knowledge", in the above example.
- impulse wave is just a surge in price and volatility compared to prior, usually ends in 3 bars, sometimes more , sometimes less. everyone can see on chart without knowing EW.
i am in rescue mode of equity book (which i put my savings into periodically, but became a sitting duck during the margin call selling 2 weeks ago), example is one of the counter i am trading this week to minimize the loss
A) bought 2 in rescue
B) sell 2 in rescue
C) bought back 2 + 1 increase in rescue, as i saw continued very strong buying in time/sales, replenishing bids cannot be taken out
D) removed all rescue as saw buying slowed down + reaching prior intermediate top.
my plan next, ready 1 rescue if price retrace on week move down.
if i curve fit EW abc retrace, i will be blind and be still in sell mode. But seeing the double bottom, + Fed actions + very strong buying and reduced downwards volality, i bought more to rescue. if it had failed, i would have scratched to cut loss at commissions only, please note that this is day chart.