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  • #22,301
  • Jan 7, 2013 6:54am Jan 7, 2013 6:54am
Quoting Tim_isoara
http://www.forexfactory.com/attachme...9&d=1357526743

But your (B) has five waves. Is possible???
My wave B's formation is A-B-a-b-c[C]. So you are right. It is a 5-wave correction pattern. This means a 5-3-5 higher degree pattern is most likely with a zigzag formation.
daddybearforex. com
  • #22,302
  • Jan 7, 2013 7:16am Jan 7, 2013 7:16am
Quoting DaddyBear
I believe your outer space time is different from the Earth time. Are you talking about "our" new times?
Yes, this planets new times you live in......
The More You Learn, The More You Earn.....
  • #22,303
  • Jan 7, 2013 8:06am Jan 7, 2013 8:06am
Quoting DaddyBear
My wave B's formation is A-B-a-b-c[C]. So you are right. It is a 5-wave correction pattern. This means a 5-3-5 higher degree pattern is most likely with a zigzag formation.
Nicely done.

But moral of the story is c is down and then up?

This is what I see.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,304
  • Jan 7, 2013 8:13am Jan 7, 2013 8:13am
Quoting Mr. Scott
Nicely done.

But moral of the story is c is down and then up?

This is what I see.
Let me clear up the formation question. c is the portion which consists of 1-2-3-4-5.
daddybearforex. com
  • #22,305
  • Jan 7, 2013 8:15am Jan 7, 2013 8:15am
Quoting DaddyBear
Let me clear up the formation question. c is the portion which consists of 1-2-3-4-5.
Very clear now, thank you.

Again, that is what I see, just attempting to clarify that I interpret your analysis correctly.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,306
  • Jan 7, 2013 8:20am Jan 7, 2013 8:20am
Quoting DaddyBear
Let me clear up the formation question. c is the portion which consists of 1-2-3-4-5.
And would A - B consist of 1-2-3 ?
The More You Learn, The More You Earn.....
  • #22,307
  • Jan 7, 2013 8:28am Jan 7, 2013 8:28am
Quoting forexalien
And would A - B consist of 1-2-3 ?
A - B was a 5 wave also ? then ?
I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.
The More You Learn, The More You Earn.....
  • #22,308
  • Jan 7, 2013 9:25am Jan 7, 2013 9:25am
Quoting Mr. Scott
Very clear now, thank you.

Again, that is what I see, just attempting to clarify that I interpret your analysis correctly.
You are welcome.
daddybearforex. com
  • #22,309
  • Jan 7, 2013 9:26am Jan 7, 2013 9:26am
Quoting forexalien
And would A - B consist of 1-2-3 ?
A consists of a-b-c so does B.
daddybearforex. com
  • #22,310
  • Jan 7, 2013 9:29am Jan 7, 2013 9:29am
Quoting forexalien
A - B was a 5 wave also ? then ?
I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.
A - B was a 5 wave also ?
It depends.

I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.

It would be a perfect world to live. Variations are parts of EWP.
daddybearforex. com
  • #22,311
  • Jan 7, 2013 9:30am Jan 7, 2013 9:30am
Because H4 is still up. I'd be very careful when shorting this baby now.
daddybearforex. com
  • #22,312
  • Jan 7, 2013 9:31am Jan 7, 2013 9:31am
Quoting DaddyBear
A - B was a 5 wave also ?
It depends.

I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.

It would be a perfect world to live. Variations are parts of EWP.
I shall read a book about it then ....thanks for your time....
The More You Learn, The More You Earn.....
  • #22,313
  • Jan 7, 2013 9:32am Jan 7, 2013 9:32am
Quoting DaddyBear
Because H4 is still up. I'd be very careful when shorting this baby now.
M15 is looking long for awhile, 10 - 15 pips for sure....
The More You Learn, The More You Earn.....
  • #22,314
  • Jan 7, 2013 9:32am Jan 7, 2013 9:32am
Quoting forexalien
A - B was a 5 wave also ? then ?
I thought EWP always moved 5 Waves up and 3 waves down and 5 waves up, and reversed for downtrend.
Hi Alien. Yes, the general premise of EWP is 5 up, 3 down, as that is the natural order of progress.

However, it is possible to have more complex corrective phases e.g. a 5-3-5 formation which is what DaddyBear is seeing and posting.

An example would be a zigzag where the zigzag is 5-3-5. It is corrective but more complex, usually because market requires more time or price to complete retracement. A is 5, b is 3, c is 5.

Does that help?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,315
  • Jan 7, 2013 9:35am Jan 7, 2013 9:35am
Quoting DaddyBear
Because H4 is still up. I'd be very careful when shorting this baby now.
A rebound in the M15 context is underway. I'll be watching how it goes to decide which EWC to be the more likely case.
daddybearforex. com
  • #22,316
  • Jan 7, 2013 9:38am Jan 7, 2013 9:38am
Quoting forexalien
I shall read a book about it then ....thanks for your time....
Don't worry about my time. I know a day in the outer space is equivalent to 1,000 years on the Earth. So, a few minutes of my time may be only 1/1000000000 second of your time.
daddybearforex. com
  • #22,317
  • Jan 7, 2013 9:40am Jan 7, 2013 9:40am
Quoting forexalien
M15 is looking long for awhile, 10 - 15 pips for sure....
It could be like running into a mine field.
daddybearforex. com
  • #22,318
  • Jan 7, 2013 9:43am Jan 7, 2013 9:43am
Quoting Mr. Scott
Hi Alien. Yes, the general premise of EWP is 5 up, 3 down, as that is the natural order of progress.

However, it is possible to have more complex corrective phases e.g. a 5-3-5 formation which is what DaddyBear is seeing and posting.

An example would be a zigzag where the zigzag is 5-3-5. It is corrective but more complex, usually because market requires more time or price to complete retracement. A is 5, b is 3, c is 5.

Does that help?
The more compex zig zag would be used during periods on indecisive PA action? Like is the USA going over the cliff, no their not , yes they are, no their not kind of stuff?
The More You Learn, The More You Earn.....
  • #22,319
  • Jan 7, 2013 9:44am Jan 7, 2013 9:44am
Quoting DaddyBear
It could be like running into a mine field.
Ya mon , 5 pips and reversing looks like.....
The More You Learn, The More You Earn.....
  • #22,320
  • Jan 7, 2013 9:50am Jan 7, 2013 9:50am
Quoting Mr. Scott
Hi Alien. Yes, the general premise of EWP is 5 up, 3 down, as that is the natural order of progress.

However, it is possible to have more complex corrective phases e.g. a 5-3-5 formation which is what DaddyBear is seeing and posting.

An example would be a zigzag where the zigzag is 5-3-5. It is corrective but more complex, usually because market requires more time or price to complete retracement. A is 5, b is 3, c is 5.

Does that help?
Thank You Sir !
The More You Learn, The More You Earn.....
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