DislikedIm not sure if i defined this prz correctly. Should i have used one of the leftmost dots for the main swing?
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If you fail to plan, you plan to fail.
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DislikedIm not sure if i defined this prz correctly. Should i have used one of the leftmost dots for the main swing?
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Dislikedthere is butterfly...start at m30 tf. look a whole not partially mr. pip
there is bearish butterfly, shark and deep crab.
just try to find it ...Ignored
DislikedThe fib extension you're using in this chart is incorrect. Unless I'm reading your chart wrong, You're using a low that is prior to the high you're using as your XA leg. In other words B cannot come before A.
Please label your ABCD"S.
It seams to me that which low you use for X will change what pattern you're looking at as it changes the retracement of the B leg, which will change where your PRZ will be.
The fib extension should be of the AB leg.
I think you know all that already.
So is your question "which X to use?" There's to many X choices...Ignored
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DislikedHello Starry,
I am following your thoughts and the comments by Bary as well as Mr Pip. Learning a lot from you. My charts are the 100 tick with my broker and metatrader. My problem is that I can never really tell which anchor leg to take the patterns from. In your last post is this still your 100 tick chart? I hope you don't mind helping me.
cheers
YmmitIgnored
DislikedDon't worry about all that mess way back there looks like orderflow is changing and the bears are about to take over. Keep it simple! Main and dominant swing to current price.Ignored
DislikedSorry, i guess i shouldnt be posting renko charts, but theyre so pretty im going to start looking at 100 tick chart and 2 pip renko charts, thats a 2 pip renko chart, a width of 1. i think they will complement each other.Ignored
DislikedYou are on an edge of a cliff my friend. forget about renko charts they may look nice but they suck for PA. If you want to become consistenly good then you need to master one type of charts bouncing around through different timeframes and chart type is distructive to your learning process.Ignored
Dislikedthere is butterfly...start at m30 tf. look a whole not partially mr. pip
there is bearish butterfly, shark and deep crab.
just try to find it ...
http://ts1.mm.bing.net/th?id=H.50086...91180&pid=15.1Ignored
DislikedIgnored
DislikedAnalysis paralisis, Why complicate a simple process he is a position trader (long term) why business does he have on a 30Min chart if he is looking at the weekly. This is like trading the 4h and analyzing the 1 min. Shark don't trade it cypher is similar and more profitable and a deep crab what the hell is that? a regular crab that failed?
Traders there is not need to learn and trade 30 different patterns and go through the whole spectrum of timeframes to make a bias and trading decision. I respect your opinion but my mind and my trading have...Ignored
DislikedThe rules are the same you can chose to close your position all together or trail stop to structure +/- 10 pips your choice.Ignored
Dislikedu don't know deep crab ??? try google it
http://harmonictrader.com/deepcrabbearre.PNG
deep crab
http://www.harmonictrader.com/crabbearre.jpg
crab
just learn what happened in prz bro.. u will find it .. there is price character in PRZ. and no straight line as always...
trading is like a song : do re mi fa sol la si do ...
if there is only "do" .. that's not a song . u got it bro ?
why trade the noise if we could trade the trend ?Ignored
DislikedGBPJPY
D point confluence of 127.2 AB extension, 78.6 XA, plus the completion of a smaller AB=CD pattern.
SL to BE as retraced to 38.2 AD... now just to see how far it goes.Ignored
DislikedOf course I know what a deep crab is I was just making a point. We have different views and I don't believe in noise and complex multi time frame analysis. It is not necessary. The market does not move in straight lines and this is PA not noise. I've come from where you are. I've found a better place a simpler place. There are many ways to skin a cat. I prefer the simple approach and you a different one. If we are both profitable then that's the goal but let's not undermine our styles or approach.Ignored