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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #5,021
  • Edited Apr 25, 2020 12:14am Apr 24, 2020 11:24pm | Edited Apr 25, 2020 12:14am
DAX Ger30 H1 - How the market closed yesterday.
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  • #5,022
  • Edited Apr 25, 2020 12:15am Apr 24, 2020 11:26pm | Edited Apr 25, 2020 12:15am
Quoting Jupiter
Absolutely yes. It is what I'm saying since yesterday.
Never try to predict. It is wasting time. Understand the levels, instead, and just follow.
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  • #5,023
  • Apr 24, 2020 11:27pm Apr 24, 2020 11:27pm
April 25, for Italy, is the day of celebration of the Liberation from occupation of the nazi and fascist troops.
It is not just a day of remembrance. It is a day of struggle against all forms of fascism, against its return however in disguise.

If you want to go on a pilgrimage to the place where our Constitution was born, go to the mountains where the partisans fell,
to the prisons where they were imprisoned, to the fields where they were hanged.
Wherever an Italian died to redeem freedom and dignity, go there, or young people, in thought, because our constitution was born there. "-
Piero Calamandrei, The constitution and youth.
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  • #5,024
  • Apr 24, 2020 11:29pm Apr 24, 2020 11:29pm
Wherever in the world there is a Resistance people sings the Italian "Bella ciao"!
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  • #5,025
  • Edited Apr 25, 2020 12:17am Apr 24, 2020 11:33pm | Edited Apr 25, 2020 12:17am
"I am alive, I'm a partisan. So I hate those who don't take sides, I hate the indifferent." - Antonio Gramsci. February 11, 1917.
  • #5,026
  • Apr 24, 2020 11:42pm Apr 24, 2020 11:42pm
The wind blows (the storm rages... broken shoes and yet we must go on...)
One of the most famous Italian partisan songs.
On the air of "Katyusha".

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  • #5,027
  • Edited Apr 25, 2020 12:04am Apr 24, 2020 11:53pm | Edited Apr 25, 2020 12:04am
Study this Market rotation.
Try to understand the dynamics of the Opposite Forces.
Learn to see it.
Learn what to expect as different possibilities (how, when and where!)

Nothing is random in the market. It is all about Supply and Demand (with their level of Support and Resistance)

(I drew just some lines... not all. Try to analyse the different perspectives: the different teams' actions.)
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  • #5,028
  • Apr 25, 2020 11:47pm Apr 25, 2020 11:47pm
Quoting Jupiter
DAX Ger30 H1 - How the market closed yesterday.
A better comprehension of the move is possible analysing the D1.
It is interesting to examine and understand the level of Support on this chart.
Micro and Macro.
  • #5,029
  • Edited 12:22am Apr 26, 2020 12:10am | Edited 12:22am
At first glance, a price chart can look like chaotic.
To the dismay of traders the world over,
sometimes it just looks hopeless to determine which way the market is going to go in order to trade and profit.
Naturally if it were simple to just look and know instantly what to do, then there would likely be no market at all.
Who would take the opposite of your trade?

But a "trained mind" coupled with a "trained-eye" can work wonders. Traders' knowledge is not the same.
It takes time to develop such tools.
There are some very simple and basic rules about Market Patterns that must be understood completely.
Market analysis it's a craft that requires respect and a great deal of desire.
This is what separates the believer/achiever from the griever.
  • #5,030
  • Edited 1:51am Apr 26, 2020 12:48am | Edited 1:51am
April 25 and Covid-19... our old people!

History!
1945. Without the insurrection order,
which brought to completion two winters of resistance in arms
and unheard of sacrifices of the dead, tortured, imprisoned, exiled,
the liberation by the allies would have meant only occupation by the allied troops.

It was only thanks to the Resistance if the allied armies instead found themselves faced with Institutions
that drew their legitimacy from those two years of armed struggle, and with which they had to deal and recognize.
The Resistance is the source of legitimacy for the provisional institutions, from which, through a referendum and the Constituent Assembly,
the Republican Constitution will be born.

The "Grundnorm" of the Italian state, the historical fact that legitimizes the whole building,
is exactly the anti-fascist resistance, the two years of armed struggle.
The celebration is national, of all, because it is anti-fascist,
and those who do not recognize it (the Italian right wing) place themselves outside the nation, outside and / or against the common Homeland.
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  • #5,031
  • Apr 26, 2020 1:16am Apr 26, 2020 1:16am
Quoting Jupiter
"I am alive, I'm a partisan. ...
I don't forget that Berlusconi (and the Italians) brought the fascists back to govern this poor country.
I don't forget that in Italy as in Hungary there are those who ask for "full powers" (with some mass support)
Happy April 25th of coherence, therefore, to all Democrats who want Italy to remain (or return to be more fully) a Democracy.

Everyone says this lockdown is like a war.
Remember that we had two World War and two very different post-war periods!!!
I have just read an article in a newspaper, very worried: will phase 2 that is about to arrive be like the first or second post-war period?
Will it be time for democracy and reconstruction or time for new fascisms?
What has coronavirus really produced?
  • #5,032
  • Apr 26, 2020 1:43am Apr 26, 2020 1:43am
D1... the object of analysis. The Terrain. The Battlefield.
Bears are impatient.
Bulls have clear objectives.
Be prepared.
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  • #5,033
  • Apr 26, 2020 3:10am Apr 26, 2020 3:10am
Quoting Jupiter
D1... the object of analysis. The Terrain. The Battlefield. Bears are impatient. Bulls have clear objectives. Be prepared. {image}
some thoughts from my side... conclusio: inconclusive
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  • #5,034
  • Edited 3:54am Apr 26, 2020 3:26am | Edited 3:54am
Quoting Jupiter
Bears are impatient. Bulls have clear objectives.
Quoting karuner
some thoughts from my side...
Correct attitude and approach (who am I to judge?) LOL...
Just take note of two things.
1) Draw very evident TL (I have doubts about your A)
2) Give precedence to horizontal TL (the first Bulls failure, at the start of the entire move, is dominant)

Anyway, there is much more on both side: Dow and Elliott.
Last: observe the Fibonacci perfection.
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  • #5,035
  • Apr 26, 2020 7:28am Apr 26, 2020 7:28am
Quoting Jupiter
{quote} {quote} Correct attitude and approach (who am I to judge?) LOL... Just take note of two things. 1) Draw very evident TL (I have doubts about your A) 2) Give precedence to horizontal TL (the first Bulls failure, at the start of the entire move, is dominant) Anyway, there is much more on both side: Dow and Elliott. Last: observe the Fibonacci perfection. {image}
ah thanks, yes i acknowledge both points. Line A probably bullshit.
this fibonacci-thing is interesting, though i'm mostly suspicious of these things, because it easily leads people into some kind of mysticism. i'd prefer to hear an answer to the question: why does something work?
  • #5,036
  • Edited 12:49pm Apr 26, 2020 11:18am | Edited 12:49pm
Quoting Jupiter
{quote} I don't forget that Berlusconi (and the Italians) brought the fascists back to govern this poor country. I don't forget that in Italy as in Hungary there are those who ask for "full powers" (with some mass support) Happy April 25th of coherence, therefore, to all Democrats who want Italy to remain (or return to be more fully) a Democracy. Everyone says this lockdown is like a war. Remember that we had two World War and two very different post-war periods!!! I have just read an article in a newspaper, very worried: will phase 2 that is about...
Facism sadly never died. And all latest tensions (not only seen in medical equipment demand, produced a war state between countries...neighbouring countries. All this state of mind shows what one is capable - and remember we live in a peacefull times; self efficiancy; food demand; Covid 19 cure?...Nato, WHO; lunatic in USA?) always bring some dark powers to entartain. Sadly, nationalism in Europe is on a rise after Greek crisis - EU crisis... and all this protectionism will eventually form a stronger movement. They try.

Sadly, Europe is really fragile on this territory because of the history and sadly some odd interest it seems. When considering UK exit; country that leaves first the sinking ship, makes a great decision!?
Considering Corona pandemic; European commission now has oppurtunity to postpone further talks of exits (right wings) that inside EU budget can introduce common and united decision to fight this pandemic. Germany 10y yield on -0,5%; Italy around 2%. Seems we are not united eh? Pressure to pull another austerity measures on "slow and lazy" Italians (and other nations inside Union).

Im not an expert of history and how society behaves, but the greater idea of European Union is splendid. But on a great test.
  • #5,037
  • Apr 26, 2020 12:03pm Apr 26, 2020 12:03pm
Quoting karuner
{quote} ah thanks, yes i acknowledge both points. Line A probably bullshit. this fibonacci-thing is interesting, though i'm mostly suspicious of these things, because it easily leads people into some kind of mysticism. i'd prefer to hear an answer to the question: why does something work?
It works because it works. Why do trendlines work? Why do flags? I think the questions should be - how do they work and when do they work? :-)
  • #5,038
  • Apr 26, 2020 12:04pm Apr 26, 2020 12:04pm
Quoting Jupiter
DAX Ger30 H1 - How the market closed yesterday. {image}
Is there a reason why you still have the wedge drawn in? I think the market moved past that and is consolidating sideways.. More of a bigger flag..
  • #5,039
  • Apr 26, 2020 12:11pm Apr 26, 2020 12:11pm
Quoting Jupiter
I hope I didn't offend EddyL. I was simply trying to stimulate some personal research.
No way did I get offended. I know now it is all about fraternal intentions I was not as patient as you, I went to spend time with my family instead of watching it bounce around like that... I see I missed some good opportunities.
  • #5,040
  • Edited 10:20pm Apr 26, 2020 10:08pm | Edited 10:20pm
Quoting karuner
why does something work?
For metaphysic reasons. By basing my decision on that analysis of D1 I bought.
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