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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #541
  • Apr 2, 2019 9:48am Apr 2, 2019 9:48am
Quoting dbrown101
these 20+ pip swings are killing me... no volitility in the Eur.
My last EU trade was years ago.
Now, on the contrary, I had one crazy battle on the way up. To test the Trend.
Just to discuss my style with Exnav... I made 18p in 5p of "movement" (movement is of course ironic)
But I received horrible feelings.
Preferred not to take the bus to South. No, no more for me. Sorry. I simply love my DAX.
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  • #542
  • Apr 2, 2019 12:07pm Apr 2, 2019 12:07pm
Quoting Jupiter
{quote} My last EU trade was years ago. Now, on the contrary, I had one crazy battle on the way up. To test the Trend. Just to discuss my style with Exnav... I made 18p in 5p of "movement" (movement is of course ironic) But I received horrible feelings. Preferred not to take the bus to South. No, no more for me. Sorry. I simply love my DAX. {image}
are you talking about testing this up trend? would this be considered an intermediate trend on the 5 minute chart? and all the little fluctuations in between are minor movements?
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  • #543
  • Edited 12:43pm Apr 2, 2019 12:12pm | Edited 12:43pm
On m1... from S to R. Exit at first sign of strong rejection. Correct direction in the Now.
Hey... clearly I knew that I was against the H1. I was managing exactly my test of a Market Down.
Pattern formed: Triple Busted. Bearish. A classic Super Trap (meat grinder)

As you can see from the rest of the move and the price level now... I was right.
Down, Stop Hunt and then up again.
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  • #544
  • Apr 2, 2019 12:50pm Apr 2, 2019 12:50pm
Triple busted... this is the Bullish version.
After an assassin thing like that... I normallly stop trading! not my market.
This is what I mean when I say "You control your position"... but to do that "You must know what are you doing."
Good evening @ all.
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  • #545
  • Apr 2, 2019 12:53pm Apr 2, 2019 12:53pm
Quoting Jupiter
Triple busted... this is the version Bullish. After an assassin thing like that... I normallly stop trading! not my market. {image}
Hey Franco, would you mind sharing, what is the logic behind this? thanks,
  • #546
  • Apr 2, 2019 12:58pm Apr 2, 2019 12:58pm
Under that pattern's influence... Market goes completely confused. Violent change of direction... while people take new position.
If the move is slow... you could find your way, following.
If the move is fast, as this one was... in 3 pips... you can't turn.
Or are you luckly right or nothing.
I was right, but against a stop hunt.
  • #547
  • Apr 2, 2019 1:07pm Apr 2, 2019 1:07pm
M1 the reality. With the green arrow... my poor perfect entry!
Right against the attack at the Bulls Stops.
Too quick to turn,
Does in make sense, in my poor English?
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  • #548
  • Apr 2, 2019 1:17pm Apr 2, 2019 1:17pm
Quoting Jupiter
M1 the reality. With the green arrow... my poor perfect entry! Right against the attack at the Bulls Stops. Too quick to turn, Does in make sense, in my poor English? {image}
I noticed that complex h and s as well. When it hit resistance where your first green circle was I followed her down. Just felt like she was heading south. The candle jerks were pretty intense at that level
  • #549
  • Apr 2, 2019 2:56pm Apr 2, 2019 2:56pm
Franco, what’s your expert opinion, who is better?



Elliott Wave Principle OR W.D. GANN.
  • #550
  • Apr 2, 2019 9:01pm Apr 2, 2019 9:01pm
Quoting loveandpeace
Franco, what’s your expert opinion, who is better? Elliott Wave Principle OR W.D. GANN.
1) First: I'm not an expert... I am Mr No One. A humble student.
2) Great question. My personal congratulation
From your asking I see something about your efforts.

To the comprehension of things both are required as necessary.
In a certain sense they are "complementary"... one responds to the other and both to the Market questions.

My "supersimplified answer" is Gann... to me. Following fti teachings.

Studying Elliott fti suggestion is to remain on the Basics.
There's no neeed to go mad counting waves.
Because of Truncations and Extensions nobody can!
10 Elliotticians in one room will give you ten different analysis of the same chart. LOL
  • #551
  • Apr 2, 2019 9:10pm Apr 2, 2019 9:10pm
Quoting dbrown101
The candle jerks were pretty intense at that level
Yep and they were slapping my face for my attempt amongst those bulls. LOL
I must admit I played for the blotter and not for the continuation. Grabbed pips and out.

That decline was done and "driven" with killer's intentions.
I have been watching it really shacking my head.
And left that battlefield alone. I admit, somewhat"disappointed".
My fault! I would have received my second reward! Horrible market's logic. Stupid human emotions.
  • #552
  • Apr 2, 2019 10:03pm Apr 2, 2019 10:03pm
Quoting Jupiter
{quote} 1) First: I'm not an expert... I am Mr No One. A humble student. 2) Great question. My personal congratulation From your asking I see something about your efforts. To the comprehension of things both are required as necessary. In a certain sense they are "complementary"... one responds to the other and both to the Market questions. My "supersimplified answer" is Gann... to me. Following fti teachings. Studying Elliott fti suggestion is to remain on the Basics. There's no neeed to go mad counting waves. Because of Truncations and Extensions...
Thanks for the compliments.
  • #553
  • Apr 2, 2019 10:12pm Apr 2, 2019 10:12pm
Quoting loveandpeace
{quote} Thanks for the compliments.
R.N. (Ralph Nelson) Elliott (1871–1948)
“No truth meets more general acceptance than that the universe is ruled by law.
Without law it is self-evident there would be chaos, and where chaos is, nothing is.”

W.D. (William Delbert) Gann (1878–1955)
“Times and conditions change and you must learn to change with them.
Human nature does not change, and that is the reason history repeats and
stocks act very much the same under certain conditions
year after year and in the various cycles of time.”
  • #554
  • Apr 2, 2019 10:45pm Apr 2, 2019 10:45pm
I read that a chartist becomes world class after he views a million chart patterns.

If you analyze one pattern per chart on 250 different instruments each trading day,
it’ll take fifteen years to reach a million.

Surely, I don’t have that much time.
Maybe some of you... yes.
  • #555
  • Apr 3, 2019 12:10am Apr 3, 2019 12:10am
I have just finished to study my charts. Price behaviour confirmed my analysis both on DAX and Eurodollar.
A better intellectual satisfaction doesn't exist.
In my personal view, Retailer Trading is the most sophisticated and noble form of craftsmanship.
This is why it asks for respect and professionalism.

Now I'm going to give you my best advice, after some 8/9 years of humble Markets' frequentation .
The longer you trade, the more likely you are to develop trading habits, some good and some bad.

Bad trading habits are like termites...
If you see one coming out of a hole in the wall, then you have a serious problem.

Why I'm telling you that?
By knowing ahead of time what to expect, you can head off the development of bad habits.

Do your research. Learn by your mistakes.
  • #556
  • Apr 3, 2019 12:11am Apr 3, 2019 12:11am

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  • #557
  • Apr 3, 2019 12:23am Apr 3, 2019 12:23am
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  • #558
  • Apr 3, 2019 12:29am Apr 3, 2019 12:29am
The true Jupiter... the best horse I have ever had. Pure geniality. Thanks for all my dear friend.
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  • #559
  • Apr 3, 2019 12:54am Apr 3, 2019 12:54am
Quoting Jupiter
{quote} My last EU trade was years ago. Now, on the contrary, I had one crazy battle on the way up. To test the Trend. Just to discuss my style with Exnav... I made 18p in 5p of "movement" (movement is of course ironic) But I received horrible feelings. Preferred not to take the bus to South. No, no more for me. Sorry. I simply love my DAX. {image}
I like your style. It's a kind of jet pilot. Reminds me that of Fti.

Of course, one could try and adapt to 4-5 pips channeling and make some 3 pips up and down (X duration) within the range (spread deducted). At the very beginning of my lame learning-to-trade I saw a rigid profit potential for such a ripping. I could presume that is bread-and-butter for some traders but not my style neither. To continue, in 99.9% of my lame learning all stops have fatefully been taken right before changing flow in the direction of my lost opportunity.

P.S. I'm still learning-to-trade, BTW
Not to Advance is to Fall Back
  • #560
  • Apr 3, 2019 1:22am Apr 3, 2019 1:22am
Quoting sideway
{quote} Thanks, appreciate mate. i will talk to them and might try their platform. cheers.
You are welcome.

In fact, if I decided to trade DAX again, I would use their platform. Unfortunately, there are no brokers offering the same conditions provided they should have a physical office and be regulated in my homeland (to reach them and check whenever I need). ATM I am trading with banks only.

Since I have not completely abandoned the DAX perspective, I would be eager to know your experience if you try with them (just a brief PM). Thank you.
Not to Advance is to Fall Back
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