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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #4,601
  • Apr 7, 2020 11:39pm Apr 7, 2020 11:39pm
Quoting Jupiter
{quote} {quote} To me, that conversation on TAF is just an example of how easily misunderstandings can be built/generated when it comes to trading. This is just an example of what I mean by education and danger of Forex Factory. What am I supposed to do, now? Writing on TAF? Begin to explain how the structure of an Elliott Wave is made? This is just a new demonstration that I see things differently. It is only the demonstration that serious discussions on the Internet are not possible. I have a lot of visual examples in my Archive. Fundamental thing...
I agree with you in respects to the aspect of getting an education on FF or the internet is extremely difficult. I do however think that serious discussions are possible but it takes getting on the same page. Which is something I strive for. Thus my question to fti and my confusion about his counts which seemed different than what I have learned. Unfortunately i feel that I can no longer discuss with him the issues that I have in my learning process as his health isn’t the best and I feel it’s selfish to ask that he continue to help me. Although I think your picture turned a light bulb on for me.
  • #4,602
  • Apr 7, 2020 11:57pm Apr 7, 2020 11:57pm
Quoting dbrown101
... I think your picture turned a light bulb on for me.
  • #4,603
  • Edited 1:22am Apr 8, 2020 12:19am | Edited 1:22am
Quoting dbrown101
.. Thus my question to fti and my confusion about his counts which seemed different than what I have learned. ...
Well, if we put 10 Elliotticians in a room, we might get 10 different wave counts!
That's not the trouble.
The trouble is the misunderstanding on the structure of the Wave. That was toxic: to me it was bad teaching.
As far as I am concerned, my ideas remains solid: basic Elliott (I don't count waves) but advanced Dow.
  • #4,604
  • Apr 8, 2020 12:41am Apr 8, 2020 12:41am
DAX Ger30 H1. The Battlefield.
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  • #4,605
  • Apr 8, 2020 3:41am Apr 8, 2020 3:41am
Hm, any comments on the below would be appreciated. I think the entry was good, I exited on the green arrow after the bullish hammer. It ended up being a flag continuation. A little disappointed, and probably should have just kept my position with stop at BE, instead of taking a miniscule profit..
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  • #4,606
  • Edited 4:13am Apr 8, 2020 4:01am | Edited 4:13am
Quoting EddyL
Hm, any comments...
You were perfect. The entry was correct.
The answer, on the same m1! I entered even earlier.
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  • #4,607
  • Edited 2:17pm Apr 8, 2020 4:03am | Edited 2:17pm
Quoting EddyL
Hm, any comments on the below would be appreciated. I think the entry was good, I exited on the green arrow after the bullish hammer. It ended up being a flag continuation. A little disappointed, and probably should have just kept my position with stop at BE, instead of taking a miniscule profit.. {image}
GM, try multiposition.
Jupiter has here a lot of examples. I'm slowly learning it too, but I still use mostly only 2 positions.
Don't think!
  • #4,608
  • Apr 8, 2020 4:06am Apr 8, 2020 4:06am
Quoting LiboCop
GM, try mutiposition. Jupiter has here a lot of examples. I'm slowly learning it too.
Watch out now... 250 level of interest!
  • #4,609
  • Apr 8, 2020 4:23am Apr 8, 2020 4:23am
Test. Pattern confirmed. And we went down! Text book move!
Geronimo... quick attack!
25p full force in & out!
  • #4,610
  • Apr 8, 2020 4:25am Apr 8, 2020 4:25am
Next 201.
  • #4,611
  • Edited 2:17pm Apr 8, 2020 4:26am | Edited 2:17pm
Quoting Jupiter
Test. Pattern confirmed. And we went down! Text book move! Geronimo... quick attack! 25p full force in & out!
Yes, I'm dome for today, but H1 looks interesting.
CU.
Don't think!
  • #4,612
  • Apr 8, 2020 4:27am Apr 8, 2020 4:27am
Banking.
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  • #4,613
  • Apr 8, 2020 4:28am Apr 8, 2020 4:28am
m5. Stop in place!!! Banking some more on the raising!
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  • #4,614
  • Apr 8, 2020 4:49am Apr 8, 2020 4:49am
m1. What's going on! Opposite patterns.
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  • #4,615
  • Apr 8, 2020 4:50am Apr 8, 2020 4:50am
Be careful and trade well.
Safety first.
  • #4,616
  • Edited 6:48am Apr 8, 2020 5:02am | Edited 6:48am
Banked again at the new retest of 201!
Squared at 220 on the rising.
  • #4,617
  • Apr 8, 2020 6:49pm Apr 8, 2020 6:49pm
Quoting Jupiter
{quote} Well, if we put 10 Elliotticians in a room, we might get 10 different wave counts! .
this I couldnt agree on more! My thoughts were maybe fti had a less subjective way of using them. Alas, I find it disturbing my mindset. I dont believe in counting the waves either in the sense of curve fitting the count so that every wave is 5 waves then abc. markets do what they want and can move 1 wave, or 10 waves.

In the end I think you are correct in "advanced dow BASIC elliott".

Quote
The trouble is the misunderstanding on the structure of the Wave. That was toxic: to me it was bad teaching.

what do you mean by this?
  • #4,618
  • Edited 11:23pm Apr 8, 2020 10:40pm | Edited 11:23pm
Quoting dbrown101
what do you mean by this?
As I demonstrated, the length of wave 4 is fundamental to comprehend the classification of Motive Waves in two different categories:
Impulse and Diagonal.
This is the correct approach to understand the real Wave possible structure.

On TAF you started using a correct "shouldn't",
you were forced to say "can't" (that, as demostrated, is false and misleading!).
Now, after my posts, what verb/tense would you use?
  • #4,619
  • Edited 11:20pm Apr 8, 2020 10:48pm | Edited 11:20pm
And you were right.
The first Elliott's work was "The Wave Principle" written in 1938.
That is simply the first part of Pretcher's "The Major Works of RN Elliott".
First part that is followed by a series of articles
and a second work, "Nature Law's - The Secret of the Universe", written in 1946.
  • #4,620
  • Apr 9, 2020 12:04am Apr 9, 2020 12:04am
Of course all this matter is fundamental to optimise the management of multipositions and add-ons in our trading.
As I said I don't count waves during my trading in the classical way
(unless the sequence is so clear that it affects my eyes and therefore my brain)... I simply take advantage by the underlying structure.

But I do classical count - very often - during my work of Analysis outside the Market.
Here I can give you all a suggestion if you are interested in examining in depth this topic.
You have to discover and understand the relationship between MACD Histogram (Bill Williams' Awesome Oscillator)
and the Wave Structure.

I cannot say more if I want to respect "the Moth Commandement".
But... Yes, this thing of self-education is a never-ending story.
Each level leads to a superior level: it's an infinite "wheels inside wheels", layer after layer...
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