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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #4,621
  • Apr 8, 2020 10:06pm Apr 8, 2020 10:06pm
Quoting Jupiter
{quote} 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?
thats why I said that pic gave me light bulb moment. Fti had told me in our discussion that there are two types of waves impulsive/ corrective. The pattern can’t trend unless the retracements are divorced. Rule for wave 4. So I took that as ...in order for a move to be deemed impulsive the retracements must Not overlap. Maybe that was my problem assuming that but I thought hats what he meant. Then when i saw the pic you posted I wondered why I didn’t realize it before but the retracements overlap in diagonals. So i should’ve elaborated.... retracements shouldn’t over lap(wave 4 rule) but may overlap in Diagonals... still a motive wave. Saying can’t is misleading . Markets can do what they want. It’s just different pattern.
  • #4,622
  • Apr 8, 2020 10:12pm Apr 8, 2020 10:12pm
Quoting dbrown101
It’s just different pattern.
What matters is always "Be prepared!" ... Estote parati.
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  • #4,623
  • Apr 8, 2020 10:29pm Apr 8, 2020 10:29pm
DAX. Ger30 H1
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  • #4,624
  • Apr 8, 2020 10:30pm Apr 8, 2020 10:30pm
Quoting Jupiter
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...
thank you for the recommendation and I appreciate the nudges in the right direction of understanding. While I respect and understand the “moth commandment” and ftis teaching style which makes me use my brain and think. I do believe it’s a balance. It does someone no good to just give them the answer but it also doesn’t do much good to give nothing to work with... or be really ambiguous to where the meaning is indecipherable unless you already are aware of its meaning. I appreciate you giving me something to work with. Instantly when I saw the diagonal I understood. I will do my research and try to refine my undrstanding. Thank you sir
  • #4,625
  • Apr 8, 2020 10:32pm Apr 8, 2020 10:32pm
Quoting Jupiter
(unless the sequence is so clear that it affects my eyes and therefore my brain)... .
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  • #4,626
  • Apr 8, 2020 10:41pm Apr 8, 2020 10:41pm
Note that this thing about waves three is another source of possible, easy misunderstanding!
Read with attention the proper Elliott rule!

In conclusion.
A Markets student must have two opposite skills at the same time.
> must be extremely precise and punctual: meticulous!
> must have a great capacity for imagination (and visualization)
  • #4,627
  • Apr 8, 2020 10:45pm Apr 8, 2020 10:45pm
Quoting Jupiter
Note that this thing about waves three is another source of possible, easy misunderstanding! Read with attention the proper Elliott rule! In conclusion. A Markets student must have two opposite skills at the same time. > must be extremely precise and punctual: meticulous! > must have a great capacity for imagination (and visualization)
extensions of wave three? Also being the biggest wave or at least not the smallest?
  • #4,628
  • Apr 8, 2020 10:52pm Apr 8, 2020 10:52pm
Or two different three in two sub-waves...?
How I have to consider that central congestion?
What about the larger degree?
What if we are now in an internal wave five?
All the wave (or sequence of waves) is strongly impulsive.
  • #4,629
  • Apr 8, 2020 10:56pm Apr 8, 2020 10:56pm
Quoting Jupiter
How I have to consider that central congestion
not sure... I’m still learning about wave structure. Don’t ask for my count. Last time I gave mine I received an F hahah
  • #4,630
  • Apr 8, 2020 10:58pm Apr 8, 2020 10:58pm


This is what I mean when I say I don't count but try to take advantage by the structure!
But this is just me. Mr No one.
  • #4,631
  • Apr 8, 2020 11:03pm Apr 8, 2020 11:03pm
Quoting Jupiter
This is what I mean when I say I don't count but try to take advantage by the structure! But this is just me. Mr No one.
this is where it’s usefulness comes in I think. Learning the different structures and makeups of waves. And how to strategize them. Counting makes you sometimes imagine things that might not be there. You end up fitting them to the theory of 5 abc
  • #4,632
  • Apr 8, 2020 11:05pm Apr 8, 2020 11:05pm
Quoting dbrown101
{quote} this is where it’s usefulness comes in I think. Learning the different structures and makeups of waves. And how to strategize them. Counting makes you sometimes imagine things that might not be there. You end up fitting them to the theory of 5 abc
also that congestion is slightly broadening with 5 waves, no?
  • #4,633
  • Apr 8, 2020 11:19pm Apr 8, 2020 11:19pm
Quoting dbrown101
this is where it’s usefulness comes in I think.
This is what I think. Agree with you.

Moreover, we must add to the normal difficulties in counting
the modern effect of the algo trading machines on the wave natural development.
Have you ever tried to imagine this thing?
  • #4,634
  • Apr 9, 2020 12:24am Apr 9, 2020 12:24am
Quoting Jupiter
What if we are now in an internal wave five? All the wave (or sequence of waves) is strongly impulsive.
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  • #4,635
  • Apr 9, 2020 12:37am Apr 9, 2020 12:37am
GM,
absolutely agree, predicting waves is exactly the same as divination from a crystal ball, but on short timeframes we can use pulse waves and ride them - it works best!
Just for the sake of interest 10 days ago I made possible scenarios HERE.


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Don't think!
  • #4,636
  • Apr 9, 2020 12:39am Apr 9, 2020 12:39am
Quoting LiboCop
GM, absolutely agree...
  • #4,637
  • Apr 9, 2020 12:47am Apr 9, 2020 12:47am
Quoting Jupiter
{quote} You were perfect. The entry was correct. The answer, on the same m1! I entered even earlier. {image}
Quoting LiboCop
{quote} GM, try multiposition. Jupiter has here a lot of examples. I'm slowly learning it too, but I still use mostly only 2 positions.

Thank you for your comments. Mine is a 100 tick chart, which is why it looks slightly different. I usually use one position, but I usually scale out in portions. But you're right, here I could have managed it a little better.
  • #4,638
  • Apr 9, 2020 1:12am Apr 9, 2020 1:12am
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  • #4,639
  • Apr 9, 2020 1:18am Apr 9, 2020 1:18am
Yep... correct!
Banking!
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  • #4,640
  • Apr 9, 2020 1:26am Apr 9, 2020 1:26am
Have you read this? I've gone through about a quarter of it this morning and it doesn't seem to be much use...
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