I liked the movie "Syriana".
1
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DislikedHi Zoran,
I had one of those too, recently.So I guess you want to know as you may have been there too, huh.
I then would go back to the charts to check if the impulse is "contained" within the scope of the trend. Normally it would have killed the short chart trend and indicated reversal. It would be good to see if this was so , in the hourly charts.
Then I scan through the other short charts up to the hourly to find the point where the impulse is not reversal to continue a level up rescue, if it exist.
Otherwise, if the hourly chart is impacted the next rescue is 1 level up from the last cut loss size and RESCUE IS IN THE DIRECTION OF THE IMPULSE , this means that the open positions are reversed, as the bleeding stops and built into position as the volatility wanes, normally in such instances, the retraces would hardly be 30 % normally 10%. So the reversal is executed in stages swiftly as the bleeding slows and as soon as the next wave is "felt", the rescue "last+1 level up" is pumped into the market to rescue.Ignored
DislikedHi Zoran,
Otherwise, if the hourly chart is impacted the next rescue is 1 level up from the last cut loss size and RESCUE IS IN THE DIRECTION OF THE IMPULSE , this means that the open positions are reversed, as the bleeding stops and built into position as the volatility wanes, normally in such instances, the retraces would hardly be 30 % normally 10%. So the reversal is executed in stages swiftly as the bleeding slows and as soon as the next wave is "felt", the rescue "last+1 level up" is pumped into the market to rescue.
regardsIgnored
DislikedHi,
for you.
川_の_流_れ_の_よ_う_に
Like the flow of the River
Without knowing it I have been walking, along a long and narrow path.
Looking over my shoulder toward my home village far away, and the road, rough and winding,
I find myself to have been leading a life, without even a map for guidance.
Ah, like the flow of the river, gently, time, little by little, goes by;
Ah, like the flow of the river, uninterruptedly, the sky is now dyed rosy-pink by the dusk.
To live is to make a journey, always on the move,
with a lovable companion close by, searching for the dream world.
Even though I'm now forced to walk down a muddy road in the rain
I believe I'll be blessed with glorious weather again one of these days.
Ah, like the flow of the river, peacefully, I'd like to resign myself to Heaven;
Ah, like the flow of the river, the time of the year is also moving,
now on the tiptoe of expectation, toward the snow-thawing season.
Ah, like the flow of the river, peacefully, I'd like to resign myself to Heaven;
Ah, like the flow of the river, as long as I live, I'd like to feel the murmuring of the blue stream.
regardsIgnored
DislikedThanks FTI for the words as beautiful as the music.
Every time the word spiral comes up I am confused "next spiral within the spiral" is it the waves of elliot and going to smaller time frame ....
RegardsIgnored
DislikedHi Zoran,
I had one of those too, recently.So I guess you want to know as you may have been there too, huh.
OK, Although I think it is unwise to make a carbon copy of me, I 'll give you a little sketch for your education.
Yes, it is possible to be caught in a sudden impulse against our open positions sometimes.
If that was at scout levels then the response is easy. You figure it out yourself. Its already given in the thread.
If it was when we are at rescue mode or attack mode, then a little discomfort is likely, this is the MO. When a counter impulse wave hits, the move are very swift, sharp and directional, normally against our position.
If such was in our position I call it windfall profit and I initiate profitaking procedures to regroup for a strong skew attack later. .
If such was to my detrement, I call it a @#$% position and I take out the last attack size from the market at a loss, and allow the remaining positions to "bleed".
I then would go back to the charts to check if the impulse is "contained" within the scope of the trend. Normally it would have killed the short chart trend and indicated reversal. It would be good to see if this was so , in the hourly charts.
Then I scan through the other short charts up to the hourly to find the point where the impulse is not reversal to continue a level up rescue, if it exist.
Otherwise, if the hourly chart is impacted the next rescue is 1 level up from the last cut loss size and RESCUE IS IN THE DIRECTION OF THE IMPULSE , this means that the open positions are reversed, as the bleeding stops and built into position as the volatility wanes, normally in such instances, the retraces would hardly be 30 % normally 10%. So the reversal is executed in stages swiftly as the bleeding slows and as soon as the next wave is "felt", the rescue "last+1 level up" is pumped into the market to rescue.
Please be aware that this protocol could expose your book up to 30% in the process. therefore do not overstay the rescue. Bring it back to below 10% as soon as the impulse wave slows off , in volitility. Although, the impulse will continue in lesser volitility, it is unwise to carry high exposures, cut back to a smaller spiral , that you may have possibility to mount another attack, if and when it comes, without spiralling the book to oblivion. This is risk management and it is used to supress the "scorpion" ie greed.
The increased risk is necessary to turn and recover, but NEVER find excuses to stay at the increased risk level. If you do your next stage, exposes full book. AND if you are wrong, you shall become rogue trader.
This is no recommended for newbies and those who have not created for themselves, a foreign capital buffer. For them "bite the bullet , and take the pain."
regardsIgnored
Disliked
Otherwise, if the hourly chart is impacted the next rescue is 1 level up from the last cut loss size and RESCUE IS IN THE DIRECTION OF THE IMPULSE , this means that the open positions are reversed, as the bleeding stops and built into position as the volatility wanes, normally in such instances, the retraces would hardly be 30 % normally 10%. So the reversal is executed in stages swiftly as the bleeding slows and as soon as the next wave is "felt", the rescue "last+1 level up" is pumped into the market to rescue.
Please be aware that this protocol could expose your book up to 30% in the process. therefore do not overstay the rescue. Bring it back to below 10% as soon as the impulse wave slows off , in volitility. Although, the impulse will continue in lesser volitility, it is unwise to carry high exposures, cut back to a smaller spiral , that you may have possibility to mount another attack, if and when it comes, without spiralling the book to oblivion. This is risk management and it is used to supress the "scorpion" ie greed.
The increased risk is necessary to turn and recover, but NEVER find excuses to stay at the increased risk level. If you do your next stage, exposes full book. AND if you are wrong, you shall become rogue trader.
This is no recommended for newbies and those who have not created for themselves, a foreign capital buffer. For them "bite the bullet , and take the pain."
regardsIgnored
Dislikedrecently when there was a bad news for aus , euro started to sink along with aus , it looked like it was so connected with australian weakness ,
what do you think about it , why it happened ? Is euro so connected with aus ? or was it some other factor?
strenght of usd?
regards
czangoIgnored
Dislikedrecently when there was a bad news for aus , euro started to sink along with aus , it looked like it was so connected with australian weakness ,
what do you think about it , why it happened ? Is euro so connected with aus ? or was it some other factor?
strenght of usd?
regards
czangoIgnored
DislikedThanks FTI for the words as beautiful as the music.
Every time the word spiral comes up I am confused "next spiral within the spiral" is it the waves of elliot and going to smaller time frame ....
RegardsIgnored
Dislikedksl, you really should read this thread carefully as this has been discussed in detail.
There is more than one way to skin a cat but when referring to the next spiral, it means the next sequence level. For me it would be something like
1st level: 1,1,2 (where 1 is the value of the scout and 1+1+2=4)
2nd level: 4,4,8 (4+4+8=16 beginning of next level)
3rd level: 16, 16, 32
At this point in time I generally stick with the first level.Ignored
DislikedThanks Zoran,
Its just that I am unable to imagin the shape of the spiral on the price chart.( As per your post 2053 )
Obviously I need to dwell on this longer. ( are all the levels on the same time frame)Ignored
DislikedI have also luck, because my best friend and also schoolmate is a very successful trader (he gained last year 10 000%) so he put me in financial world.Ignored