Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment)

This is a little help for everyone, if new or old in trading, it was made for a friend of mine, and have to be shared with everyone.

If you have after reading it some questions, just post here in the thread.

thank you

to continue the example, i will everyday post an analyse of GBPJPY, like the example we have in the tutorial...

this chart is the continuation of the analysis


http://www.abload.de/img/geppycopieoz7.gif

The downchannel had no breakout on the upper line, instead of this, the Major Uptrend line ( forming the rising wedge ) were broken.

Entry signal was given at the bounce of the uper line of the downchannel with MA crossing signal, first target were the support line of fibs intraday 61% line, if no double bottom occurs, and support breaks again, the position will continue the free fall to the 38% and if it breaks again to the 50% ad mentioned in the tutorial.

Target is reached, waiting for new consolidation

http://www.abload.de/img/gepactualcopieim5.gif


awaiting new consolidation and new materia formation for a valid signal

http://www.abload.de/img/geptodayf1m.gif


yesterdays consolidation ended 2 hours ago, it results with the midterm trendline and the resitance an descending triangle, good for a continuation.

expecting a new ranging area, if reversalset stop to minimum profit target or trail stop, awaiting new materia formation...

thx waterflame ....it very nice of u to share i shall enjoy and read the pdf this weekend

This is great ,thanks waterflame.

Zu

http://www.abload.de/img/geptoday1em7.gif

we are still in the short position trailing it, and waiting for a new consolidation to get an idea of the further steps, greater changes will apear until monday

you are welcome guys

http://www.abload.de/img/gepsundayahl.gif


the last short continuation position of downtrending support brerakout, reached Fib 161.8% target, and broke the blue trend line for getting profit and exit.

We have wait for a new consolidation to get an idea of where the new entries can be set of.

If the resistance and the yellow trendline break, the Ma crossing gives signal, you can expect a first long target to 23% Fib (white), than if long continuation every new resistance line (red with FIB % drawed ).

The opposite will be if Support break and srach for the 261,8%.

There can happen in this time someother formations, but the market will show us, other scenarios are useless now.

We follow the market, we don't need to predict the entire futur :blushing:

/me pimp slaps Waterflame!

thanks for the analysis, very interesting

http://www.abload.de/img/active9pe.gif

as you can see, the analysis gave us a good entry spot, but all the materias mentioned, the broken trendlines, and the nearby perfect matching Resistance line with the Ma crossing signal.

Waiting for new consolidation or materia formation.

http://www.abload.de/img/gepmondaytw8.gif


I missed this short retracement to 50% and 61% Fib levels after support breakout and Ma crossing, even if prive reversed for a while, if you have read the stop luss rules i of Elite system, it would not be hit in this case, and still be in...

i needed this sleep of today , was tired

Do you think this is usable in realtime trading? Show a demo statement

aren't all this pips a proof?

great work with the cognitive process TA in combination with the ma cross/indicator trigger. You have described everything very thoroughly. This system is complete covering everything required for success. I like the way you have organised the different analysis techniques. I think this thread is in the same league as Phill Nells 4 hr strategy. I analyse the same way on the same timeframes but sometimes I get lazy and skip the top down analysis. I believe you are a great trader and teacher. FF members are lucky to have you and would do well to accept your mentorship

M.A.C.Doug, thank you Sir, you honored me, its a pleasure


Ceco, excuse me but i haven't trade demo since a while, and i dont have time to fillow all this entirely.

This thread is not made for glory or image, just sharing, an the profit were shown to have an idea of its ability and potentiality.

I i will not show my personal statements ( jsut real friends know them ) ,
cause of technology frauds etc.

My trading machine is castle secured.

Hi Fay and Snapcracklepip *g*

Great work,keep it up!

Zu

Hello waterflame
it's seams cotching thanks a lot we need this after your theory formation we need to be strong whith the system thanks again for your time
A+

Thanks waterflame, I´m actually using elite strategy and I would like to discuss some triggers of the cognitive... at what time do you conect to mirc???