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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #4,741
  • Apr 16, 2020 3:58am Apr 16, 2020 3:58am
the same play of forces that we often see in a lively, animated market: it can also proceed in slow motion and unfold over hours
in real life we often struggle to grasp quick movement, in markets the slow moves are also hard to catch
  • #4,742
  • Apr 16, 2020 4:00am Apr 16, 2020 4:00am
Volatility is just a variable. What matters is the underlying structure. The movement could be fast or slow!
  • #4,743
  • Apr 16, 2020 4:01am Apr 16, 2020 4:01am
In this case, in the now: ascending Trendline broken!
Stop and reverse sold 402.
  • #4,744
  • Apr 16, 2020 4:03am Apr 16, 2020 4:03am
Squared. 380. Need to think.
  • #4,745
  • Apr 16, 2020 4:16am Apr 16, 2020 4:16am
Deterministic Trading!
Quick scalp... both ways...
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  • #4,746
  • Apr 16, 2020 4:21am Apr 16, 2020 4:21am
Squared 403
  • #4,747
  • Apr 16, 2020 4:28am Apr 16, 2020 4:28am
-7 again!
  • #4,748
  • Apr 16, 2020 4:29am Apr 16, 2020 4:29am
We have a change of trend on 5m.
  • #4,749
  • Apr 16, 2020 4:37am Apr 16, 2020 4:37am
I'll wait a bit. But it's just me. I could be wrong, I'm testing the long side again.
  • #4,750
  • Apr 16, 2020 4:45am Apr 16, 2020 4:45am
Last one for me.
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  • #4,751
  • Edited 10:57pm Apr 16, 2020 10:21pm | Edited 10:57pm
Quoting Jupiter
My analysis was correct. It was a Wedge. ...
Now comes the fun part! ...
The same H1. (Anyway take note that there is not a sharp inclination.)
Technical Analysis is a damned serious thing.
I'm interested only in what happens on a chart: the science of technical chart action.
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Click to Enlarge Name: 17_04_20 5.17 mt4 H1 wedge.JPG Size: 110 KB
  • #4,752
  • Apr 16, 2020 10:31pm Apr 16, 2020 10:31pm
Richard Schabacker:
"...We have always taken the attitude that
it is much more important to discover and establish the practical uses of such formations
than to explain why they act as they do...
but, in most cases, a little thought will furnish the clue to the underlying explanation of the individual phenomena."
  • #4,753
  • Edited 11:59pm Apr 16, 2020 11:31pm | Edited 11:59pm
And so Luis Sepulveda is gone, killed by Covid-19. A writer I love. Chilean, fighter, storyteller.
His adventure stopped yesterday in Spain. Covid-19 took over 50 days to kill him.
I have lost an old friend. I have read his first book at the end of the 80s, more or less.

I don't know how one can become so attached to an author. Luis was a dreamer and taught me to dream.
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  • #4,754
  • Apr 17, 2020 12:42am Apr 17, 2020 12:42am
Today... Friday 17.
In Italian popular culture, Friday the 17th (and not the 13th) is considered a day of bad luck.
Hey, I am not superstitious.
  • #4,755
  • Apr 17, 2020 12:59am Apr 17, 2020 12:59am
Quoting Jupiter
And so Luis Sepulveda is gone, killed by Covid-19. A writer I love. Chilean, fighter, storyteller. His adventure stopped yesterday in Spain. Covid-19 took over 50 days to kill him. I have lost an old friend. I have read his first book at the end of the 80s, more or less. I don't know how one can become so attached to an author. Luis was a dreamer and taught me to dream. {image}

Beautiful words.
  • #4,756
  • Apr 17, 2020 1:03am Apr 17, 2020 1:03am
Are we in wave 3? Maybe due a bit of a retrace?
  • #4,757
  • Edited 1:31am Apr 17, 2020 1:15am | Edited 1:31am
Scaled out, banking almost all immediately but I decided to hold my scouts in! Stop +1.
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  • #4,758
  • Apr 17, 2020 1:25am Apr 17, 2020 1:25am
Quoting EddyL
Are we in wave 3? Maybe due a bit of a retrace?
In the short term 5 could also be over. Who knows? Not me. We'll see.
  • #4,759
  • Apr 17, 2020 1:37am Apr 17, 2020 1:37am
Quoting Jupiter
{quote} In the short term 5 could also be over. Who knows? Not me. We'll see.
Ah, on 5m, yes... Plus an ascending channel.

Wave 3 was on 60m.
  • #4,760
  • Apr 17, 2020 1:42am Apr 17, 2020 1:42am
Tighten my stop. 645.
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