Just got up 40 min ago and caught up on reading the thread. Still just watching and trying to learn.
I don't understand angulation. How would you use that for an entry?
Uncertainy.....I agree. Price does not want to show it's hand.
M15 shows price should go to the 127 fibo at least, but RSI is sloping up(steep) and bouncing off 50.
Crap as I write price goin up! Just made new high. That changes evrything. Time to revaluate.
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Joined Oct 2012
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Status: Please tell me it's impossible
|732 Posts
Eaaaasy Bary - look at the attached chart of the 15M. While this candle has not finished yet. Here is an example of Angulation and how it can be used in our favor. Do you see it?
Just got up 40 min ago and caught up on reading the thread. Still just watching and trying to learn.
I don't understand angulation. How would you use that for an entry?
Uncertainy.....I agree. Price does not want to show it's hand.
M15 shows price should go to the 127 fibo at least, but RSI is sloping up(steep) and bouncing off 50.
Crap as I write price goin up! Just made new high. That changes evrything. Time to revaluate.
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Joined Oct 2012
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Status: Please tell me it's impossible
|732 Posts
Bary - you are on the track, but your count is wrong. This is where it can get very complicated. See the attached chart? Where it is painted blue? Now look at the pointy side, it's facing to the right as you look at it - yes?
You now know that what you are looking at is D. Count the highs and lows backwards till you find A
Mock it up and post it
I know how complex it can be. But do it in your mind to make it simple. I mean for me? I use "pointy end right" and "pointy end left" Does that sound complicated?
Try not to get bogged down in sub-waves (which in some ways your post may have nailed a "sub-wave ABCD"). Watch the ZUP, it won't always "paint" but the geometric shapes ARE there (Drawn by virtue of it's calculation for fib levels)!
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Joined Oct 2012
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Status: Please tell me it's impossible
|732 Posts
Looks like you are picking it up! Excellent! I gotta tell you, I truly do not trade on Monday's unless there is a good reason to trade it. Today there just doesn't seem to be a good reason.
I got triggered in on the one trade (the first sell stop) managed to clip 5 pips from it, now I literally can't stop looking at these charts.
The "Bug" bit me today!
4H has been divergent for a few days now. The bears are lifeless - and it just feels like the EU wants to press on upwards.
Until some divergence changes and the winds shift, I am having a very hard time taking a Bullish perspective
