Disliked{quote} A complex correction is when PA is making smaller swings within a NSH/NSL and HL/LH larger swing. Look at post 15797 (gray boxes) and 15934 (oval). These are examples.Ignored
Thanks for the examples Bary. Now I see it.
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Disliked{quote} A complex correction is when PA is making smaller swings within a NSH/NSL and HL/LH larger swing. Look at post 15797 (gray boxes) and 15934 (oval). These are examples.Ignored
Disliked{quote} I got it!!! Did i tell you that you are great??and the help you r offering is priceless?? ..anyway,back to the question. So one thing that we should look for in order to find if a level(support/resistance)will hold or not is the number of failed attempts.for example if we have a level of resistance-lets say- and the bulls hit one,two, three,... times and are rejected is an indication (there is a high probability) that this level is strong and the market will reverse. Could you name other things that you are paying attention to in order to...Ignored
Disliked{quote} All credit goes to you, Thank you !! Not sure if I am getting lucky for couple of times but win is win Could you please clarify one thing in the pic. Will you buy at some bullish evidence in the marked are as - The major expectation in bullish -in short term it will make a NSH and the previous major support has been tested thrice Regards Hoved EDIT - Couple of minutes later sold there {image} {image}Ignored
Disliked{quote} Mr. Pip, thank you for the new video and your guidance. I still have a question. How do you define whether there is a complex correction or not? Is it that the price is ranging around the HL/LH area without a clear decision in which direction it wants to go?Ignored
DislikedThanks for another excellent video, Mr. Pip! I enjoyed watching it last night after looking forward to doing so for most of the evening. What I learned influenced me in taking this EUR/USD long, although I'm feeling nervous about it despite seeing bullish strength-- I think because the momentum on the main swing is reduced somewhat in comparison to what we were seeing before, and it seems that price would want to make a deeper correction before it moves to a NSH, if in fact it does so. Nevertheless, I saw an opportunity so I took it. Any thoughts?...Ignored
Disliked{quote} Look at the chart I posted earlier I will post it here again. Can you see the main swing and how price is range bound between that high and low? Those swing in between that high and low make up a complex correction. Look at the video again, it will help you. If this is something that we are struggling with as a whole let me know and I will see how I can address this. Speak up it's important that you all understand complex corrections.Ignored
Disliked{quote} No, You have a complex correction there. It would have to break below the main swing you are correcting from.Ignored
Disliked{quote} Thank you, I think I understand. This blue area looks like the start of a complex correction. Do I see it right? {image}Ignored
DislikedTraders, This is part of the reason why I did not want to start covering entries yet. We are losing focus. If you can be responsible with the information I provide, I will have to be more restrictive with releasing it. We are focusing on trades but not on the lesson and studying corrections and complex corrections. I know trading is the reason we are here and believe me we will be there soon. I don't mind you posting trades around the concept of structure analysis and expectations but all of the questions I have read today have to do with things...Ignored
DislikedShort term order flow. Cable We have a clear High that price is coming from to form a NSL. Our expectation is for a LH. All the price action in the grey area is short term order flow, which in itself will be made of NSH, HL, and so on. Until the blue trend line is broken to the upside, our expectation is for a LH, followed by a NSL. {image}Ignored
Disliked{quote} Good explanation Aj1 -- Mr. Pip, thanks for your latest video, overall really good content but I have some thoughts. Maybe we shouldn't learn how to take trades using structure analysis yet since it's very easy to get carried away and think that we are marathon runners when in fact we just learned how to crawl. The video in itself is very good but maybe this should be implemented when you teach how the puzzle is pieced together? So as you stated above, we should still mark structure and studying complex corrections etc. I hope...Ignored
DislikedShort term order flow. Cable We have a clear High that price is coming from to form a NSL. Our expectation is for a LH. All the price action in the grey area is short term order flow, which in itself will be made of NSH, HL, and so on. Until the blue trend line is broken to the upside, our expectation is for a LH, followed by a NSL. {image}Ignored
DislikedShort term order flow. Cable We have a clear High that price is coming from to form a NSL. Our expectation is for a LH. All the price action in the grey area is short term order flow, which in itself will be made of NSH, HL, and so on. Until the blue trend line is broken to the upside, our expectation is for a LH, followed by a NSL. {image}Ignored
Disliked{quote} Does it not matter that the price and is (according to the chart) above the horizontal line?Ignored
DislikedIvenhad a family emergency today so.not been able to concentrate and read postings etc and look at charts....will be busy friday too so will catch up over the weekendIgnored