2traps...........Agreed.
I'm "in process" of integrating MP into my pattern trading style.
One thing I notice is that although it is just a different way of looking at
the same thing - - that in and of itself is quite valuable.
I am seeing trading opportunities that I would have...
Today I just sat it out.....
Just a "Feeling" ....... can't quantify it.....
Which brings up a question for ET'ers.....
When & How, do "YOU" determine the day will be a chop ?
Hi MACD,
If possible - could you post chart examples of the 4 above mentioned
"Types" of .618 .786 / 1.27 1.618 patterns,
so that those who are interested might have an example.
**Unless of course they are somewhere in one of the Larry Pesavento books that you could refer us to...
MACD, Glad to see you here again......
Let's see, we have the Bullish & Bearish verions of the
Gartley / Butterfly / ABCD / 3 Drives - that would be 8, what are the other 4 ?
I recently read Scott Carney's book with great interest.....
thought it was well written, and he's added...
Great Post Candle, Thank You.
As an old Warrior, I appreciate that expression of support very much.
Those who have never fought in war, have no sense of what war is.
The Warrior is the provider of the most precious commodity, security.
He delivers us from the most terrifying evil...
Hi Buckize,
Problem with a "Mentor", is that most mentors don't know "Squat" either.
And you wind up paying them $$$ before you figure out they don't know much of Squat.
Lot's of folks out there don't have 40 years of experience.
They have 1 year of experience repeated 40 times over...
YES !!!
It might go up.
It might go down.
It will in all probability go to the Right !
It "Will Not" - I repeat, Absolutely "Will Not"....Go to the Left !
Unless you are trading from China
...........whereas all bets are off !
If I had any learning
Of a highway wide and fit,
Would I lose it at each turning ?
Yet look at people spurning
Natural use of it !
See how fine the palaces
And see how poor the farms,
How bare the pesants' granaries
While gentry wear embroideries
Hiding sharpened arms,
And the more...
Cathy you're a slugger......I admire that.
I say KISS it !
And in this case KISS means...."TAKE A VACATION GIRL"...( Even if it's a "Mini-Vacation").
You got a lot on your mind and it's weight is heavier than even you realize.
Go somewhere and "Breathe" for awhile....like a good...
Good Reply's...... It's interesting isn't it .
We are presently caught between a medium term H&S pattern that has as yet to meet
it's price objective on the downside, and a "Longer Term" - - "Potential",,, Double Bottom...
( Remember.... it's not a "Real" Double Bottom till it takes out...
Whilst we be havin' fun,
Do not neglect to pull up those weekly and monthly charts in "Logarithmic Scale" instead of the regular "Arithmetic Scale" charts...... It makes quite a difference over longer time spans.