Intraday FX Player
- Thread starter CFerret
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Yoohoo,
Yes, guess I get what you are saying. I should always have a big trade in my mind and look for opportunities to jump on that big swing in the beginning and not lose that goal focus in exchange for playing noise...
Will remember that and your timeframes hint on what to do when small TF is chop.
Yes, guess I get what you are saying. I should always have a big trade in my mind and look for opportunities to jump on that big swing in the beginning and not lose that goal focus in exchange for playing noise...
Will remember that and your timeframes hint on what to do when small TF is chop.
CF you're playing well. That was just a reminder because we all get used to playing within a "speed range" and then it slows way down and we forget to adapt and still focus on the Primary Direction with a plan to extract the best from the move.
A few back days I said we would get into a cycle conflict where the 1 hr and 4 hr oppose each other. This is like the exact opposite of the concurrence we had when all that energy was released in a huge move.
This was a grappling match. Now it should get better and better as we move toward harmony again and get some big moves.
A few back days I said we would get into a cycle conflict where the 1 hr and 4 hr oppose each other. This is like the exact opposite of the concurrence we had when all that energy was released in a huge move.
This was a grappling match. Now it should get better and better as we move toward harmony again and get some big moves.
CF tried to post a chart but my screen capture is playing up.
Look at a line chart on the 1 hr - this is something I for got to mention about A-B-C's.
From the low of around 1.543 that ended the last ABC down we have an A up to 1.55, down to B at 1.546 and right thru C at 1.533 PP. When it break up thru C it's a warning that we often get a 100% extension... where we topped out at about 1.56.
There's no ABC after that (today) but what we do have is 5 well defined waves to todays high. The pullback to B (1.546) is a clear Elliot abc (not our projection ABC).
The 3rd wave is big and fast as a 3rd should be.
Wave 4 is messy, as it should be when wave 2 is a well structured abc.
Wave 5 approximates wave 1.
Can't be bothered putting lots of fibs on but it looks like it has good pattern, time and ratios. Did Elliot way back in the 80's and only use it on rare occasions like this where I can see clear pattern completion. But what do I care with a double top on the 1 min?
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