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Exnav Friendly Courses of Action

  • #221
  • Jun 29, 2019 10:56am Jun 29, 2019 10:56am
Quoting Exnav
{quote} Dear Pannet, In theory, we should know the Elliot basic stuff from/ by the book (E.g., Technical Analysis of the Future Markets by J.J. Murphy, Elliot Wave Theory, starting from page 319). We understand that there is probability of waves developing according to Elliot (historical script/ tape - Left; future probability - Right, new PA Impulse and/ or pattern/ candles development may confirm the probability). Thus, you may count what you have already on the Left and speculate what could develop on the Right (based on currently flowing PA)....
Thank you a million times.

over to Elliot basic stuff and phils journal.
  • #222
  • Apr 9, 2020 1:24am Apr 9, 2020 1:24am
Quoting Exnav
{quote}We understand that there is probability of waves developing according to Elliot (historical script/ tape - Left; future probability - Right, new PA Impulse and/ or pattern/ candles development may confirm the probability). Thus, you may count what you have already on the Left and speculate what could develop on the Right (based on currently flowing PA). Although, I remember Fti expressing that he didn't count waves rigidly. E.g., there could be wave 3 or not, could be wave 5 or not and so on. I used to count the waves also the distances in...
It looks like GBP/ USD is forming wave A or C. Will it broke previous daily low area or jump high from the basing point area...
Not to Advance is to Fall Back
  • #223
  • Last Post: Apr 14, 2020 8:53am Apr 14, 2020 8:53am
"The more one studies ... price movements, the more they seem to defy analysis. Many skilled mathematicians have attempted to reduce these price movements to an exact science. They are doomed to failure from the start, as human emotions are not an exact science".
John R. Hill, 1977
Not to Advance is to Fall Back
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