Good Morning.
First off I would like to say the say videos you are doing are amazing Mr. Pip. Very concise. I know this has been addressed and I am not trying to beat a dead horse, but I would like to give you my spin on your umms and ahhs. In my second year apprenticeship I had to take electrical theory. We had a teacher ( all of our teachers were guys from the field ) who was amazingly smart and knowledgeable when it came to this theory. He was able to talk and present information without the umms and ahhs, so you knew he knew what he was talking about. Unfortunately, the school directors realized that all classes that had him as a teacher, were failing. They found out, that although his knowledge was top rate, his ability to "dumb it down" is what was lacking. They made a teaching change, and the new teacher, while he may not have been on the same plane as the first, but was able to modify his knowledge into language and information we could understand. Those modifications or " translations " usually occurred during the umms and ahhs. Never realized that, until I found myself doing the same things many years later, as I would pass on my knowledge to the new apprentices. So don't worry about those hesitations. I think you are doing great job conveying the information we need to know. Sorry for ramble, just my $.02.
Anyway, I am just bout to watch the complex correction video, and I would like to post a chart for comment. I hit the scroll wheel and just started from wherever it landed. So it is not current, but hopefully analysis is correct. I have made markers 1,2 and 3 that I would like to point out. Points 1 and 2 are more than likely news events, should that be an indication that there is a very high probability that market will reverse ? When these events happen, do you still carry on as with normal analysis, or does it get addressed differently?
Point 3: I have not read what I am about say anywhere in your teachings and it is not relevant, but it is information I have picked up in all the reading and you-tubing I have done over the past 10 months. I am only adding this because I would like your opinion if it is information that is handy to have, or if it has any relevance and I should totally disregard it. So here goes. There is a statistic that says when the market makes a big unanswered move like that, ( and the numbers vary here from 78-84% of the time) that the market will correct to almost the exact point the move started. As well, because move 2 took out the entire swing ( chartreuse line ) there will be a strong expectation for the market to continue in that direction without that 78-84% retracement. Therefore, I labelled point 3 as a past resistance to become future support and would be looking to place a long trade following the big spike. Not sure if I explained that properly. I only ask trying to figure out what information to retain, and what needs to be disposed of. Thanks in advance.. Now for the chart
First off I would like to say the say videos you are doing are amazing Mr. Pip. Very concise. I know this has been addressed and I am not trying to beat a dead horse, but I would like to give you my spin on your umms and ahhs. In my second year apprenticeship I had to take electrical theory. We had a teacher ( all of our teachers were guys from the field ) who was amazingly smart and knowledgeable when it came to this theory. He was able to talk and present information without the umms and ahhs, so you knew he knew what he was talking about. Unfortunately, the school directors realized that all classes that had him as a teacher, were failing. They found out, that although his knowledge was top rate, his ability to "dumb it down" is what was lacking. They made a teaching change, and the new teacher, while he may not have been on the same plane as the first, but was able to modify his knowledge into language and information we could understand. Those modifications or " translations " usually occurred during the umms and ahhs. Never realized that, until I found myself doing the same things many years later, as I would pass on my knowledge to the new apprentices. So don't worry about those hesitations. I think you are doing great job conveying the information we need to know. Sorry for ramble, just my $.02.
Anyway, I am just bout to watch the complex correction video, and I would like to post a chart for comment. I hit the scroll wheel and just started from wherever it landed. So it is not current, but hopefully analysis is correct. I have made markers 1,2 and 3 that I would like to point out. Points 1 and 2 are more than likely news events, should that be an indication that there is a very high probability that market will reverse ? When these events happen, do you still carry on as with normal analysis, or does it get addressed differently?
Point 3: I have not read what I am about say anywhere in your teachings and it is not relevant, but it is information I have picked up in all the reading and you-tubing I have done over the past 10 months. I am only adding this because I would like your opinion if it is information that is handy to have, or if it has any relevance and I should totally disregard it. So here goes. There is a statistic that says when the market makes a big unanswered move like that, ( and the numbers vary here from 78-84% of the time) that the market will correct to almost the exact point the move started. As well, because move 2 took out the entire swing ( chartreuse line ) there will be a strong expectation for the market to continue in that direction without that 78-84% retracement. Therefore, I labelled point 3 as a past resistance to become future support and would be looking to place a long trade following the big spike. Not sure if I explained that properly. I only ask trying to figure out what information to retain, and what needs to be disposed of. Thanks in advance.. Now for the chart
Attached Image (click to enlarge)
i like watching your step by step analysis.Helps me a lot.
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