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  • #32,681
  • Jun 30, 2013 8:32am Jun 30, 2013 8:32am
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  • #32,682
  • Jun 30, 2013 8:35am Jun 30, 2013 8:35am
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  • #32,683
  • Jun 30, 2013 8:50am Jun 30, 2013 8:50am
Hello, DaddyBear!
I saw, that u like EWP.

What do u think about m30 and h4?

thank u

Quoting nueldar
{image}
Quoting nueldar
{image}
  • #32,684
  • Jun 30, 2013 9:18am Jun 30, 2013 9:18am
Quoting Davit
{quote} No indicator can project into the future.Its deceiving.Closest "leading" indicator I found is Andrews pitchfork which you draw yourself. Tim Morge makes millions doing it every year.His site is brilliant. I am currently studying pitchfork trading intensely. Just few great videos (http://www.trading-naked.com/Tim_Morge.htm) from Tim.Just in 10min you already get wealth of knowledge. I hope I am not violating your thread rules by posting about Tim.
Yes, no indicators project into the future, but Ichimoku clouds are projected into the future. The EWP can be applied to look into the uncharted waters. Fibonacci ratios are being used by millions everyday. They are not indicators. IC is a system, the EWP is a principle, and Fibonacci number sequence is a natural order.

I believe you use Fibonacci ratios, but you may not know that R.N. Elliot merged his discovery of the waves with Fibonacci ratios to form the EWP. Using Fib without EW is like sailing in uncharted waters without a sea map.

I hope this cartoon helps you understand my message.
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daddybearforex. com
  • #32,685
  • Jun 30, 2013 9:21am Jun 30, 2013 9:21am
Quoting Davit
Based on Andrews pitchfork concept specially median line becoming either S/R I made series of mistakes.As you can see median line becomes a strong pivot Its amazing to me how this works.Price still has some room to go down and hopefully it will go up to upper TL then resume downtrend.At this point my longs are in serious trouble.I should of waited.Just another costly mistake. {image}
Now, you may have realized Andrews pitchfork is not as good as it looks.
daddybearforex. com
  • #32,686
  • Jun 30, 2013 9:34am Jun 30, 2013 9:34am
Quoting nueldar
Hello, DaddyBear! I saw, that u like EWP. What do u think about m30 and h4? thank u {quote} {quote}
The EWP is the basis of my trading approach. This is what I think...
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daddybearforex. com
  • #32,687
  • Jun 30, 2013 9:41am Jun 30, 2013 9:41am
Quoting DaddyBear
{quote} The EWP is the basis of my trading approach. This is what I think... {image}
yep. it might be.
thanks for response
  • #32,688
  • Jun 30, 2013 10:29am Jun 30, 2013 10:29am
Quoting DaddyBear
{quote} The EWP is the basis of my trading approach. This is what I think... {image}
Accordingly, a wave 4 correction is likely.
daddybearforex. com
  • #32,689
  • Jun 30, 2013 11:40am Jun 30, 2013 11:40am
Quoting DaddyBear
{quote} Yes, no indicators project into the future, but Ichimoku clouds are projected into the future. The EWP can be applied to look into the uncharted waters. Fibonacci ratios are being used by millions everyday. They are not indicators. IC is a system, the EWP is a principle, and Fibonacci number sequence is a natural order. I believe you use Fibonacci ratios, but you may not know that R.N. Elliot merged his discovery of the waves with Fibonacci ratios to form the EWP. Using Fib without EW is like sailing in uncharted waters without a sea map....

Dear DB
I was responding about ADX and not refereeing how you trade.I am not ignorant about EWP since I use lot of harmonics myself.
My admitting of making a mistake was in reference that I looked Andrews pitchfork after placing my orders.Had I did earlier I would of avoided those orders.
That's all.I am not here to argue how one chooses to trade.Whatever works.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #32,690
  • Jun 30, 2013 8:15pm Jun 30, 2013 8:15pm
Quoting DaddyBear
{quote} Accordingly, a wave 4 correction is likely.
Now, the correction is underway.
Attached Image
daddybearforex. com
  • #32,691
  • Jun 30, 2013 8:20pm Jun 30, 2013 8:20pm
Quoting Davit
{quote} Dear DB I was responding about ADX and not refereeing how you trade.I am not ignorant about EWP since I use lot of harmonics myself. My admitting of making a mistake was in reference that I looked Andrews pitchfork after placing my orders.Had I did earlier I would of avoided those orders. That's all.I am not here to argue how one chooses to trade.Whatever works. Regards
Davit, it was a nice discussion. Nothing personal. In fact, HP can be used to project into the future as well. Regards,
daddybearforex. com
  • #32,692
  • Jun 30, 2013 8:31pm Jun 30, 2013 8:31pm
Quoting DaddyBear
{quote} Now, the correction is underway. {image}
As to how high this correction may go remains to be seen at this point.
daddybearforex. com
  • #32,693
  • Jun 30, 2013 8:35pm Jun 30, 2013 8:35pm
This is what I think... [The red H line was drawn by freehand.]
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daddybearforex. com
  • #32,694
  • Jun 30, 2013 8:45pm Jun 30, 2013 8:45pm
Quoting DaddyBear
This is what I think... [The red H line was drawn by freehand.] {image}
Excellent.........92.00 is my high also before continuing down..................
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The More You Learn, The More You Earn.....
  • #32,695
  • Jun 30, 2013 8:46pm Jun 30, 2013 8:46pm
Quoting DaddyBear
This is what I think... [The red H line was drawn by freehand.] {image}
You Think Well............
The More You Learn, The More You Earn.....
  • #32,696
  • Jun 30, 2013 8:52pm Jun 30, 2013 8:52pm
After plotting Fib. Ratios, the red freehand H line is right on 38.20%.
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daddybearforex. com
  • #32,697
  • Jun 30, 2013 8:56pm Jun 30, 2013 8:56pm
Quoting forexalien
{quote} Excellent.........92.00 is my high also before continuing down.................. {image}
Now, we see the same next move. May I say, "great minds think alike."? Hehe....
daddybearforex. com
  • #32,698
  • Jun 30, 2013 9:07pm Jun 30, 2013 9:07pm
Quoting DaddyBear
{quote} Now, we see the same next move. May I say, "great minds think alike."? Hehe....
What about 92200?
  • #32,699
  • Jun 30, 2013 9:11pm Jun 30, 2013 9:11pm
Although the chart pattern is clear to me, I wouldn't short at this stage. The risk is too high. Imagine getting bitten by a still alligator in the shallow water, the chance to escape alive is slim.
daddybearforex. com
  • #32,700
  • Jun 30, 2013 9:12pm Jun 30, 2013 9:12pm
Quoting Arman_A
{quote} What about 92200?
92120 is the max. AU may go IMO.
daddybearforex. com
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