Well since you've been emphasizing time so far some ideas on how those vertical time lines are developed would be great.
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DislikedI hope some of you are following this blog of my trades as it is a pleasure to make them. before the market gets there and
7th August looks like it could pull back hard, in the eurusd and this is a buying opportunity, I think we are down for a couple of days followed by a hard rally then a futher fall to around,
so 6th-7th down
8th 9th hard up
10,11,12th down
then a spectacular rally till 17-20 September to about 1.33, lets see how it plays out.
All the best
Mike HaranIgnored
DislikedI agree we are approaching a turn which is still by my calculation a long way below us circa 300 pips maybe 1.285 to 1.29 area followed by a surge up to the last high, then as you correctly say a decline into november and sideways action until next year.
I am looking for a low somewhere around the 24-24th which is a hard move down, I have no idea what will trigger this, but it seems to be a recurrent move in september, maybe markets like seasons go into a decline after the autumm equinox. I know Gann says in one of his books look for a decline...Ignored
DislikedGann trained as a mathematition, and I am convinced he used fourier analysis as part of his cycle work. Hurst then developed cycles futher and I would suggest actively working through Hursts ideas and applying them to charts as active cycles can be picked up.
I would suggest that you ignore elliot waves as they talk about 5 waves and all you have to do is open any chart to see 5 waves are not the end of a trend, 7,9,11 are all possible calculations and sure elliot wave freaks will say "oh it divided" sure it did so unless you know its going...Ignored