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Looked in and see you're doing huge work of studying all the thread from the start. :D I'm alone too till late tomorrow, wife left to another city to visit her friend (she was close with her in childhood and they still meet from time to time)... So studying some charts as well in...

LOL Will... :D Just dropped in to say hello to everyone and that I leave till Monday... :p

Yeah downmove took 10 hours.

Yoohoo, From down to the top hourly ABC and CCI to get around 300 took approx. 4 hours.

Will do! Thanks!

From what I see the ABC sequence indeed topped exactly at the close of 1H bar... And of course the top of C wave combined with such an overbought position were pretty good signs of an hourly retracement at least, seeing it now. But still seems amazing how meaningful are hourly closes...

Morning all, Not much trading and watching for me today as I leave to celebrate dad's birthday (big date, he's 70 today), but guess will take a look at the mkt and the thread from time to time... Wish you guys to make an excellent profit today!

Looked @ 1 min for some time now and have come to surprising conclusion... It's not that 1min PA is so messy, more like I watched it from too far distance... :) Though of course it's a bit more messy than 5min but CCI greatly helps to clarify 1min signals... I now even more agree with your...

Yoohoo, Yea will really pay attention to what you adviced in last posts... Looked at hourly CCI and indeed it was almost +300 at the hourly peak... Obviously so overbought... And I shorted there even... Well, a lot to learn... And we live as we learn... :D

Yes, today is very educative day... Will really watch hourly data as ABC waves now and low of B (assuming an up sequence) is a good long and high of C is a good short and prolly beginning of a new sequence... Will pay attention to it...

Yoohoo, Yea I agree with what you said and also all the time look for new information which try to "borrow" and apply to my trading... It's strange but such a simple idea as living and LEARNING seems to become rare these days... And of course I'll be very happy to learn just ATM's which...

A ha, just wanted to ask how you measure it is ABC... So using length of legs and possibly fibs?

A ha, along with time bars? How many charts at one you look at? :eek:

I didn't trade it... Just shorted a top but without knowing about this ABC stuff... It's the thing yoohoo told just today...

Leverage is OK if your stop is like 5 pips... Without leverage it would be too low $ size to trade... And yes, CCI div. :p

Took one more countertrend trade (such a day for me it seems :) ) and quickly squared for 2 times the risk (4%) as it stalled and began to bounce off TL...

Will, Hope this helps.

Yoohoo, What range length of range chart do you use?

Yoohoo, Yes I see ABC sequences there, but just never considered them to be a clue for reversal...

Now 123 formed on 1H so really has chances of a selloff unless it fails and turns into a flag...