DislikedHow To Use It To Gain The Most Out Of It...
Hopefully someone will benefit - was asked in Pm about it
Regards,
H.Ignored
Thanks mate...your post is gold.
Regards.
"Being picky only cost your time - not MONEY"...Hans
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DislikedHow To Use It To Gain The Most Out Of It...
Hopefully someone will benefit - was asked in Pm about it
Regards,
H.Ignored
DislikedHi Hansma
I hope I haven't missed this, but... what are the short, black horizontal lines drawn on your charts please?
thanks, SteveIgnored
DislikedLet's see if i understood it seems an easy way to identifity the ABCD pattern.
Thanks mate...your post is gold.
Regards.Ignored
DislikedYes you do, but your LH is actually a HL if you look at the last swing low point.
The point between the two circled areas also created a wave but a less doubt full one as there was no clear breakout point from A - and therefore no significant area pullback area for C to be placed at.
Now the wave you found was a much better one, hope this helps ?
Regards,
H.Ignored
DislikedFellas,,,
I will be on holiday with my family.... in late next week..
SonicIgnored
DislikedHi can anybody help me whit the sonicR vsa indicator? i dont have it and i need it for my chart.
ThankīsIgnored
DislikedHi can anybody help me whit the sonicR vsa indicator? i dont have it and i need it for my chart.
ThankīsIgnored
DislikedYes the purple line is the actual breakout point, shows the momentum to want to go up - however price always almost returns to retest the source of the up move, thats why I put my break out point there where it all started, which now becomes point C later on. Makes sense ?
Regards,
HansIgnored
Dislikedyes it does thank you
I've been looking at some of your old charts but I can't seem to see you using this method to verify point C, please can you explain on this chart you previously posted?
thanksIgnored
DislikedIf you extend the C point line to the left you will see that there is a nice support level there.
The support level had been broken down, I agree. But looking at the wave later on I figured it might hold again in the up move. I saw the brake of support as nothing more that running stops.
Hope this helps.
Regards,
H.Ignored
DislikedThanks for the info
So you set Fib tool by yourself and add what u like in descriptionIgnored
DislikedAlmost there I think, are you saying point C can be any support and resistance level? Yes
For better results it should be a recent one from the breakout of a recent wave? Yes a strong breakout
Can you please comment on the attached two charts?
For the EURJPY chart would you have made an entry if the golden lines retraced all the way back to the red line for point C? No it was not a strong breakout - no where to put point C
thanks,Ignored