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  • #20,801
  • Dec 18, 2012 9:17am Dec 18, 2012 9:17am
Quoting Nate04
Key point for weather this bear move continues or is just a small retracement. So far its held. We got significant diverence on the 4 hr chart. If 1.0512 can hold, I see a good bull movement beginning.
The Postman Always Rings Twice.
daddybearforex. com
  • #20,802
  • Dec 18, 2012 9:23am Dec 18, 2012 9:23am
Quoting DaddyBear
The Postman Always Rings Twice.
And to be fair, my 4 hour candle doesn't end until 11am central time. And then after that, I would need another candle to give me a signal to get in. Alot can (and probably will) change in that amount of time.
  • #20,803
  • Dec 18, 2012 9:30am Dec 18, 2012 9:30am
Quoting Nate04
And to be fair, my 4 hour candle doesn't end until 11am central time. And then after that, I would need another candle to give me a signal to get in. Alot can (and probably will) change in that amount of time.
The postman does not come every 4 hours.
daddybearforex. com
  • #20,804
  • Dec 18, 2012 9:46am Dec 18, 2012 9:46am
Quoting GnarlyPips
No, if you look at the 3 lines I've drawn, one is a high-to-low, while the top one is based off two highs, while the bottom is based off two lows. It's not just randomly putting in a line for no reason. That's why I asked about the criteria.

However, the lines has been tested a third time.

All lines are relevant, it's just how relevant? This is the problem with predicting shapes and future price action. To me, S/R isn't something that will create price action, it's just an area where possible profit/loss taking occurs.
It is true that lines do not create price action^^

Charts in general are nothing more but computer images @@
  • #20,805
  • Dec 18, 2012 9:48am Dec 18, 2012 9:48am
Quoting DaddyBear
The postman does not come every 4 hours.
BTW, he does not have a watch as well.
daddybearforex. com
  • #20,806
  • Edited 10:16am Dec 18, 2012 10:05am | Edited 10:16am
Quoting DaddyBear
BTW, he does not have a watch as well.
Perhaps I should learn elliot wave theory (I believe you said you pay attention to that in the past, if I'm not mistaken). Seems like you always have an opposing view to what I'm seeing. I'm not ticked about it, just wish you would offer up more than just vague statements on what you feel is going to happen.
  • #20,807
  • Dec 18, 2012 10:30am Dec 18, 2012 10:30am
Quoting Nate04
Perhaps I should learn elliot wave theory (I believe you said you pay attention to that in the past, if I'm not mistaken). Seems like you always have an opposing view to what I'm seeing. I'm not ticked about it, just wish you would offer up more than just vague statements on what you feel is going to happen.
I have posted my longer term EWC before. For the shorter TF, I prefer not to post them because it is more difficult to count waves in real time. However, my messages do give my general views of the waves.
daddybearforex. com
  • #20,808
  • Dec 18, 2012 10:34am Dec 18, 2012 10:34am
Quoting DaddyBear
I have posted my longer term EWC before. For the shorter TF, I prefer not to post them because it is more difficult to count waves in real time. However, my messages do give my general views of the waves.
can you post it again please,if you don't mind
Sometimes it's better to be wrong,to learn..
  • #20,809
  • Dec 18, 2012 10:38am Dec 18, 2012 10:38am
Quoting KiNgEdwarD
can you post it again please,if you don't mind
Here you go.

http://www.forexfactory.com/attachme...1&d=1355371078
daddybearforex. com
  • #20,810
  • Dec 18, 2012 10:45am Dec 18, 2012 10:45am
Quoting DaddyBear
I have posted my longer term EWC before. For the shorter TF, I prefer not to post them because it is more difficult to count waves in real time. However, my messages do give my general views of the waves.
Please keep in mind, I am a REAL novice with this, but would this chart be an accurate view of what you are seeing?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 38 KB
  • #20,811
  • Dec 18, 2012 10:45am Dec 18, 2012 10:45am
Quoting DaddyBear
Here you go.

http://www.forexfactory.com/attachme...1&d=1355371078
thank you
Sometimes it's better to be wrong,to learn..
  • #20,812
  • Dec 18, 2012 11:07am Dec 18, 2012 11:07am
Quoting Nate04
Please keep in mind, I am a REAL novice with this, but would this chart be an accurate view of what you are seeing?
This is not correct.

http://www.forexfactory.com/attachme...1&d=1355849128

This is FYI.

http://www.forexfactory.com/attachme...1&d=1355347241
daddybearforex. com
  • #20,813
  • Dec 18, 2012 11:14am Dec 18, 2012 11:14am
Interesting... Again, I'm defering to you on this, but what little I had read about Elliott Wave was that it went is a series of 5 waves, then a 3 wave retracement. You are using ABCD patterns. I'm totally confused now. Perhaps I should be reading up some more on this stuff. Maybe it will open up a larger world to me.
  • #20,814
  • Dec 18, 2012 11:20am Dec 18, 2012 11:20am
Quoting Nate04
Interesting... Again, I'm defering to you on this, but what little I had read about Elliott Wave was that it went is a series of 5 waves, then a 3 wave retracement. You are using ABCD patterns. I'm totally confused now. Perhaps I should be reading up some more on this stuff. Maybe it will open up a larger world to me.
I am not using ABCD pattern. You have to get a good EWP book, study it, understand it, realize it, practice it and master it. I see people counting waves without basic understanding of EWP all the time. It is not that simple just count 5 waves.
daddybearforex. com
  • #20,815
  • Dec 18, 2012 11:23am Dec 18, 2012 11:23am
Quoting DaddyBear
I am not using ABCD pattern. You have to get a good EWP book, study it, understand it, realize it, practice it and master it. I see people counting waves without basic understanding of EWP all the time. It is not that simple just count 5 waves.
Ok, got any suggestions on books? I'll gladly take the suggestion.
  • #20,816
  • Dec 18, 2012 11:24am Dec 18, 2012 11:24am
Quoting DaddyBear
I am not using ABCD pattern. You have to get a good EWP book, study it, understand it, realize it, practice it and master it. I see people counting waves without basic understanding of EWP all the time. It is not that simple just count 5 waves.
Sometimes it's better to be wrong,to learn..
  • #20,817
  • Dec 18, 2012 11:27am Dec 18, 2012 11:27am
Quoting DaddyBear
Here you go.

http://www.forexfactory.com/attachme...1&d=1355371078
this chart means the last wave is going on towards 1.11?
Sometimes it's better to be wrong,to learn..
  • #20,818
  • Dec 18, 2012 11:28am Dec 18, 2012 11:28am
Quoting Nate04
Perhaps I should learn elliot wave theory (I believe you said you pay attention to that in the past, if I'm not mistaken). Seems like you always have an opposing view to what I'm seeing. I'm not ticked about it, just wish you would offer up more than just vague statements on what you feel is going to happen.
Even if I post my EWC of lower TF in this forum, whoever who don't know anything about EWP would still don't understand my EWC. For some people who don't really understand EWP, meaningless arguments will occur. Whoever realizes what EWP really is would understand my "vague" messages, which were actually very clear.
daddybearforex. com
  • #20,819
  • Dec 18, 2012 11:28am Dec 18, 2012 11:28am
Quote
Nate04: Ok, got any suggestions on books? I'll gladly take the suggestion.

Frost and Prechter: Elliott Wave Principle
The world you desire can be won. It exists.. it is real.. it is possible..
  • #20,820
  • Dec 18, 2012 11:28am Dec 18, 2012 11:28am
Quoting KiNgEdwarD
this chart means the last wave is going on towards 1.11?
Appears to be.
daddybearforex. com
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