Aux's Asylum

for grins and giggles

pictures worth a thousand words, or something like that........fwiw

Been awhile, how the day broke down for me.... fwiw

looking for another push, 3 dives into the bottom for a retrace back into the 38,2 to set the range for the days end

follow up, partials taken, remaining stops @be target remainders 3350.

squared, and probably done for the day, rounding at the 236........check the chart and time when we retest the bottom.

Micheal Jenkins wrote in his book "Geometry of Stock Market Profits" about the often overlooked, simple yet powerful technique of reflective timing and price action.

Here The E/$ has followed Mr. Jenkins technique in near prefect reflected timing from the May 4th high.

Timing points as these, unlike other pattern analysis, fail to give us the place or level, only the time. And they show up as changes of state..trend to consolidation possibly, not necessarily reversals. It really comes together when timing and price patterns converge.

If the patterns hold, look for a minor change starting next week and then again ending the year.... major change coming Jan 11th or 12th.

Fwiw,

When looking at the timing of trades as mentioned above, the only consideration is price reaching the vertical axis of some point in time, correct?

Kap,

Exactly, Jenkins wrote that every major reversal turn, low/high, the price patterns fold backwards in a similar fashion to the prior price pattern just before the reversal... ie.mirrored.

This can been seen in two ways, the shape of the following price action, as similar wave sequences or in the timing as shown here, sometimes we are lucky enough to see both.

At times cycles/patterns invert, example we could looking for a turn north when price is already north and it's looking for the time to turn south, So look for logical areas of opportunity along the vertical mirrored time marks.

edit, you can use these on your forks also. I like to measure backwards from either the forks center point midpoint p1,p2 or you can measure back from p2 if it makes a significant reversal point above/below p0 or wave terminus as shown above.

experiment with the idea.

regards

From some earlier discussions about reflected things maybe this line of study might be beneficial.....

regards

Nice start to the day, see where we head from here

Long after the ISM, partials taken on retest of first high, partial target on daily highs, rest see what happens, stops tight on entry 32

edit, second partial taken 51.

Have to step away, squared at 58

Happy New Year auxesis!

GE!
Happy New Years to you too!

Let's see if we can get this month and this year kicked off to a good start.

Looking over some of my fellow traders here at FF, seems most were short today, somehow, don't ask, charting the S&P with a buddy in California, I ended up on the bid, buying the bottom of the daily channel, trading Euro all morning, net about +3.5% going the wrong direction.

Alot of work when I could have gone with the flow,

trailing one half position from 2902 targeting about a 1/3 retrace of the daily range, fwiw.

need to stay off the phone.

approximate chart of today's debacle....... twas more buy feel than anything else..... no one take this to heart.

fwiw.....................

initial levels met, looking long and a bottom after ISM, would like that 2750 and Dow @12293

see how it unfolds

Watching the open here.........

As briefly discussed in the Pitchforks thread, Friday marks a reflective reversal point. Being as the candle finds itself retesting possible overhead resistance, the direction of the anticipated change of state move is undecided, but looking at taking a very good r:r bias here long against the bottom of last weeks range.

Possible 2 week run here based off the historical swings.

fwiw.......

Moving into an intraday view, watching the upper median in conjunction with reflective timing derived from the prior two hourly forks and current bottom, take your pick as all hitting independently atm...... all that along with the current & apo median targets, Fridays mid-range, and double the opening range.........

possible cap to the initial wave north.

fwiw