DislikedMy weekly top down analyses ended with GN/GA long as top pick -- AJ and NJ possible longs after breakout.. Iīll try to find fitting entries at the beginning of the week. stay tuned GuidoIgnored
1
- #85,862
- Jan 21, 2018 3:16pm Jan 21, 2018 3:16pm
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #85,865
- Edited 12:56am Jan 22, 2018 12:33am | Edited 12:56am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
- #85,867
- Jan 22, 2018 2:54am Jan 22, 2018 2:54am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
This is why i watch two charts of the same instrument (either Dax or NQ).
Firstly, it is easier to spot the likely turning points on the bigger scale;
Here there was a congestion zone which could or should prove to be Supply. Add in some simple common retracement levels and the 50% is right there.
I did not take the trade off of the line, instead i now concentrate on the faster tick rate for more detail;
Now we see a small 123 which triggers and pulls back to test point 2. That is your entry with stoploss above point 3 (that is the aggressive position - above point 1 is more lapse, but the 123 trigger did not yet take out the last HL, so i prefer the aggressive stop in this instance).
After sitting through an uncomfortable pullback, i still want to see a fresh LL for trend continuation. Once it happens, i am aggressive with my stoploss chase and get taken out with the following small pullback...
Firstly, it is easier to spot the likely turning points on the bigger scale;
Here there was a congestion zone which could or should prove to be Supply. Add in some simple common retracement levels and the 50% is right there.
I did not take the trade off of the line, instead i now concentrate on the faster tick rate for more detail;
Now we see a small 123 which triggers and pulls back to test point 2. That is your entry with stoploss above point 3 (that is the aggressive position - above point 1 is more lapse, but the 123 trigger did not yet take out the last HL, so i prefer the aggressive stop in this instance).
After sitting through an uncomfortable pullback, i still want to see a fresh LL for trend continuation. Once it happens, i am aggressive with my stoploss chase and get taken out with the following small pullback...
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- #85,868
- Jan 22, 2018 6:22am Jan 22, 2018 6:22am
- Joined Apr 2011 | Status: NQ eta moi lybov... | 3,030 Posts
I posted elsewhere that sometimes i find my Elliott Wave view, a curse... however, it teaches you to recognise sets, in particular corrective moves in 3 wave 'abc' sets. Wave 'c' of which will always be in 5w.
String it together and you can combine it together with a pullback zone, especially when you see PA starting to round off. I knew a guy who posted tonnes of elliptical charts elsewhere in t'internet and whereas, i think you can get carried away with it, when it combines, it builds a picture... like a jigsaw puzzle coming together;
Earlier Dax;
Update;
String it together and you can combine it together with a pullback zone, especially when you see PA starting to round off. I knew a guy who posted tonnes of elliptical charts elsewhere in t'internet and whereas, i think you can get carried away with it, when it combines, it builds a picture... like a jigsaw puzzle coming together;
Earlier Dax;
Update;
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
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- #85,878
- Jan 23, 2018 1:27am Jan 23, 2018 1:27am
- Joined Jun 2013 | Status: Membership Rewarded | 3,206 Posts
Risiko birgt immer auch die Chance.
