Intraday FX Player

[yoohoo]

Quote from CFerret:

Hmm... Prolly I misread the market but it still goes lower and my reading was this:

In Elliot the abc's don't have to have an equal A&C... they can be fib projections.

The A-B-C I was talking of for projections has A=C in length... OR A x 200% = C.

The arrows show precise equal lengths on this chart.

The number count is Elliott.

 

[CFerret]

Oh I see, so it was high of Elliott wave 5...

 

[yoohoo]

Quote from CFerret:

Oh I see, so it was high of Elliott wave 5...

Looks a distinct possibility but I posted the count only for information and more to show where the ABC's were.

There is a reason why I trade as I do - I got better! I used to use Elliott but there were too many counts and it was too involved. At the start using multiple TF's and then indicators does your head in - but then it becomes automatic. I do very little drawing and could trade with zero involvement (TL drawing).

Will this pattern unfold as a 3 wave abc correction or a 5 wave reversal? Do I care? Nope!

That PP and 1 min CCI was good enough for me

 

[Willleung]

Quote from CFerret:

Hmm... Prolly I misread the market but it still goes lower and my reading was this:

CF, you start to use a chart below 1min to help entry? or just above a PP line?

 

[CFerret]

Quote from yoohoo:



Will this pattern unfold as a 3 wave abc correction or a 5 wave reversal? Do I care? Nope!

That PP and 1 min CCI was good enough for me

Yeah and way OB CCI on 1H as well after pretty big run... Really, who cares what it is, if I saw it as a signal...

 

[Willleung]

YH,

Thanks a lot the VWMA post, been through it twice, from the post I get the impression that you would consider channels, TL, S&R/PP levels as indictors base on past price action, that leads future PA..

Then there is VWMA as you post, something that i aim forward after getting good at PA, anyway, thanks for the post, there are soemthing to aim forward to after PA..

Cheers

 

[CFerret]

Quote from Willleung:

CF, you start to use a chart below 1min to help entry? or just above a PP line?

No Will, I entered from 5min TF.

 

[Willleung]

Quote from CFerret:

Yeah and way OB CCI on 1H as well after pretty big run... Really, who cares what it is, if I saw it as a signal...

agree about that..

any advice on the execuation of da 4th touch..

 

[Willleung]

Quote from CFerret:

No Will, I entered from 5min TF.

still trade primarily on 5min?

 

[CFerret]

Quote from Willleung:



any advice on the execuation of da 4th touch..

I usually enter on BO above reversal bar pattern following 4th touch.... Though maybe it can be way more aggressive and just enter on 4th touch if it's w/ the bigger trend.