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General Trading Chat / Ideas

  • #11,321
  • Nov 1, 2019 12:01pm Nov 1, 2019 12:01pm
Quoting Bk55
its making an abc or zigzag BB would say thing is will be a flat or extention
Now I thought zigzagging was buying shorting in short term. Kind of like bouncing all over the chart like a like a ping pong ball.
ex nihilo
  • #11,322
  • Nov 1, 2019 12:05pm Nov 1, 2019 12:05pm
kind of like one of those machines in arcade.

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ex nihilo
  • #11,323
  • Nov 1, 2019 12:10pm Nov 1, 2019 12:10pm
Quoting Oc6oph
{quote} Now I thought zigzagging was buying shorting in short term. Kind of like bouncing all over the chart like a like a ping pong ball.
ah ok i see the term being used and thought it referd to a abc pattern its a popular EW and harmonic pattern
Turn your wounds into wisdom
  • #11,324
  • Nov 1, 2019 12:11pm Nov 1, 2019 12:11pm
Quoting Oc6oph
kind of like one of those machines in arcade. {image}
lol got yah
Turn your wounds into wisdom
  • #11,325
  • Nov 1, 2019 12:14pm Nov 1, 2019 12:14pm
Quoting Bk55
{quote} ah ok i see the term being used and thought it referd to a abc pattern its a popular EW and harmonic pattern
I think he has a lot to learn. He seems to know very little. That’s what he means by zigzagging is just buying then flipping to selling. And these harmonic patterns would be rocket science or bull lol
ex nihilo
  • #11,326
  • Nov 1, 2019 12:19pm Nov 1, 2019 12:19pm
Quoting Oc6oph
{quote} I think he has a lot to learn. He seems to know very little. That’s what he means by zigzagging is just buying then flipping to selling. And these harmonic patterns would be rocket science or bull lol
Turn your wounds into wisdom
  • #11,327
  • Nov 1, 2019 12:30pm Nov 1, 2019 12:30pm
Quoting Bk55
{quote}
I just closec EU with small profit kept adding to it then went all with the rest of my margin at 1169 it’s probably going to come down more but just thankful to be out without loss lol
ex nihilo
  • #11,328
  • Nov 1, 2019 12:32pm Nov 1, 2019 12:32pm
Quoting Bk55
{quote}
there was bear butterfly on UJ point D at 109.25 saw it after it had happened though
ex nihilo
  • #11,329
  • Nov 1, 2019 12:33pm Nov 1, 2019 12:33pm
UJ back up to fractal
Attached Image (click to enlarge)
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ex nihilo
  • #11,330
  • Nov 1, 2019 12:33pm Nov 1, 2019 12:33pm
lets forget the bat pattern so not to get confused with D-leg and the abc possible currection
the 78.6 is is 23.6 on this chart becouse im using the previouse weekly swing it made a new high so im expecting this to be a pullback not saying it will be but for now its all i have to go on. the priviouse hew high hit 1272 and gave us a pullback to the 100% fib of last weekly swing giving a potentual A followed by a typical 50 61.8 retracment giving us a B wave so i thinling curection still we get 2 types of currection flat or extention a flat or shallow can be very bullish meaning it could rally to next extention lets say 161 as an example on the main weekly swing its easy to spot a shallow flat the C wave will stop around the A wave and then take out
the B wave. but most swing dont have that momentom more commenly we will see and deeper curection i ut some thoughts on a daily chart but its just for understanding not a trade
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Turn your wounds into wisdom
  • #11,331
  • Nov 1, 2019 12:36pm Nov 1, 2019 12:36pm
Just shorted UJ
ex nihilo
  • #11,332
  • Nov 1, 2019 12:40pm Nov 1, 2019 12:40pm
Quoting Bk55
lets forget the bat pattern so not to get confused with D-leg and the abc possible currection the 78.6 is is 23.6 on this chart becouse im using the previouse weekly swing it made a new high so im expecting this to be a pullback not saying it will be but for now its all i have to go on. the priviouse hew high hit 1272 and gave us a pullback to the 100% fib of last weekly swing giving a potentual A followed by a typical 50 61.8 retracment giving us a B wave so i thinling curection still we get 2 types of currection flat or extention a flat or shallow...
I’m not familiar with Elliot waves I know parts of them appear in harmonics. Do these waves work well can you predict them
ex nihilo
  • #11,333
  • Nov 1, 2019 12:47pm Nov 1, 2019 12:47pm
UJ has a couple of abc pattern this is not an idea just pointing out the the differnt types of abc
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Turn your wounds into wisdom
  • #11,334
  • Nov 1, 2019 12:52pm Nov 1, 2019 12:52pm
I see check this out UJ broke 108.50 H4 fractal in July then came all the way up to 109.25 area Then it did the exact same thing in October broke fractal H4 at 108.50 then back up to 109.25 area
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ex nihilo
  • #11,335
  • Nov 1, 2019 12:53pm Nov 1, 2019 12:53pm
Quoting Oc6oph
{quote} I’m not familiar with Elliot waves I know parts of them appear in harmonics. Do these waves work well can you predict them
I only pay attenion to 3 eliot wave patterns 12345abc abc and triangles but thats what im feel adds value for me im shore theres tons of eliotitions will would disagree
Turn your wounds into wisdom
  • #11,336
  • Nov 1, 2019 12:58pm Nov 1, 2019 12:58pm
Quoting Bk55
{quote} I only pay attenion to 3 eliot wave patterns 12345abc abc and triangles but thats what im feel adds value for me im shore theres tons of eliotitions will would disagree
Yes I’ve read some about it there’s a lot of rules to it. I know C wave is supposed to be the big wave that’s about all I know I mostly just focus on fractals myself
ex nihilo
  • #11,337
  • Nov 1, 2019 1:06pm Nov 1, 2019 1:06pm
Quoting Oc6oph
I see check this out UJ broke 108.50 H4 fractal in July then came all the way up to 109.25 area Then it did the exact same thing in October broke fractal H4 at 108.50 then back up to 109.25 area {image} {image}
just going on purley EW again not a trade idea
remenber it a bullish patter thats already hit 50%
if i woz thining odf shorting that fractal i would mindfull of where my stop would need to be
Attached Image (click to enlarge)
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Turn your wounds into wisdom
  • #11,338
  • Nov 1, 2019 1:07pm Nov 1, 2019 1:07pm
a deep c if it forms would also be a gartley in this case
Turn your wounds into wisdom
  • #11,339
  • Nov 1, 2019 1:08pm Nov 1, 2019 1:08pm
i have to go guys getting a take away catch you laters
Turn your wounds into wisdom
  • #11,340
  • Nov 1, 2019 1:09pm Nov 1, 2019 1:09pm
Quoting Bk55
{quote} just going on purley EW again not a trade idea remenber it a bullish patter thats already hit 50% if i woz thining odf shorting that fractal i would mindfull of where my stop would need to be {image}
I see what you’re saying
ex nihilo
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