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Bronco Capital's ABCD Harmonic Pattern Journal 94 replies

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The Bucking Bronco

  • #5,081
  • Apr 27, 2020 1:39am Apr 27, 2020 1:39am
We overlapped with out posts... LOL. It's OK.

That was a nice action... with a lot to learn.
Take note that I'm always trading live in front of you. Open to all the possibilities. Without hiding anything!
  • #5,082
  • Apr 27, 2020 1:40am Apr 27, 2020 1:40am
Scaling out... banking!
  • #5,083
  • Apr 27, 2020 1:41am Apr 27, 2020 1:41am
Me? I went long from 560 and trailed stop. Went to have lunch when it closed above 600. 610 on my charts is a big resistance area. So I missed the down move...

But.. I am wondering why our charts look so different?
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  • #5,084
  • Apr 27, 2020 1:43am Apr 27, 2020 1:43am
look how US indices are making their moves, dow testing 24k again, and dax stays behind inert again
  • #5,085
  • Apr 27, 2020 1:47am Apr 27, 2020 1:47am
Quoting EddyL
I am wondering why our charts look so different? {image}
Very different indeed.
  • #5,086
  • Apr 27, 2020 1:47am Apr 27, 2020 1:47am
Quoting EddyL
I am wondering why our charts look so different? {image}
different brokers, different plattforms. even with futures things would not be looking 100% the same when using different data streams, different charting plattforms etc.
  • #5,087
  • Apr 27, 2020 1:51am Apr 27, 2020 1:51am
Quoting karuner
{quote} different brokers, different plattforms. even with futures things would not be looking 100% the same when using different data streams, different charting plattforms etc.
Even without the TL, it was still tradeable. Study and practise... and repeat....
  • #5,088
  • Edited 2:11am Apr 27, 2020 2:01am | Edited 2:11am
Quoting EddyL
Even without the TL, it was still tradeable. Study and practise... and repeat....
It's an aspect of the same question you, EddyL, posed on Friday.
The possible pattern development!

You need to study:
DT/DB
m and Big M
Cup and Handle
Joe Ross 1-2-3
Vic Sperandeo 2B
Wyckoff-Weis Spring and Upthrust
S/R Break-PB-Continuation
Nison Candlesticks for S/R

etcetera

The summary doesn't exist! There are only infinite variations of all that with millions different colour shades.
  • #5,089
  • Apr 27, 2020 2:03am Apr 27, 2020 2:03am
Quoting Jupiter
It's an aspect of the same question you, EddyL, posed on Friday. The possible pattern development!
a propos – what do you think about the huge patter collections, like e.g. Bulkowski?
How many patterns do you acknowledge? the basic things like double tops and bottoms, H&S etc. okay.. what's with the more exotic stuff, do you also recognize and act on them?
  • #5,090
  • Apr 27, 2020 2:05am Apr 27, 2020 2:05am
Right now, I see a potential bull flag forming.. Is that why you exited 530? Parallel line?

Another possibility is a change of trend on 5m because of the 60m double top. Right now it turned at the 20ema/resistance, but no trend change on 1m yet...
  • #5,091
  • Edited 2:27am Apr 27, 2020 2:14am | Edited 2:27am
Quoting karuner
{quote} a propos – what do you think about the huge patter collections, like e.g. Bulkowski? How many patterns do you acknowledge? the basic things like double tops and bottoms, H&S etc. okay.. what's with the more exotic stuff, do you also recognize and act on them?
Bulkowsky? Yes. Perfect. It's my religion. (I say it again: Western + Eastern)
All has been written and specified in my two threads.
  • #5,092
  • Apr 27, 2020 2:39am Apr 27, 2020 2:39am
Quoting Jupiter
{quote} Bulkowsky? Yes. Perfect. It's my religion. (I say it again: Western + Eastern) All has been written and specified in my two threads.
in your interpretation, what was that between today's two highs? what forces and terrain lead to this kind of rounded structure.. it's a strange interplay of forces. many candles longer than 20 points means volatility, means power on both sides. it looks like the bears where stronger, then when 542 was reached, bulls went more aggressive.. i see two red dojis then with long wicks, pointing to an equilibrium of forces. then a first stronger bull attack. then strong bears. bulls agin. and then bear's resistance broken, second high is made, but not as high as the first. then bulls give up, close their longs, dropping to the M5 trendline, testing it.
and what are we seeing since then?
  • #5,093
  • Edited 6:24am Apr 27, 2020 3:24am | Edited 6:24am
Quoting karuner
{quote} in your interpretation, what was that between today's two highs?
The Pattern's name is "Scallops, ascending". Sort of. (So to speak, when the market takes the form of a J)
But the meaning of all that - to me - is in the H1 behaviour. With this super strong Support.
  • #5,094
  • Apr 27, 2020 3:30am Apr 27, 2020 3:30am
Troubles with my Internet connection. Managed anyway to save all my men!
  • #5,095
  • Apr 27, 2020 3:36am Apr 27, 2020 3:36am
Try to see the patterns on H1.
  • #5,096
  • Edited 3:49am Apr 27, 2020 3:37am | Edited 3:49am
Quoting EddyL
Is that why you exited 530?
Plus Fibonacci.
  • #5,097
  • Edited 9:40am Apr 27, 2020 6:23am | Edited 9:40am
I had troubles with my Internet connection since my previous post until half an hour ago.
Anyway I managed to save all my men.

This is my last trade.
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  • #5,098
  • Apr 27, 2020 6:47am Apr 27, 2020 6:47am
Squared 550
  • #5,099
  • Apr 27, 2020 6:57am Apr 27, 2020 6:57am
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  • #5,100
  • Apr 27, 2020 8:58pm Apr 27, 2020 8:58pm
DAX GER30 m5,
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