Quote from Mysteron:
Symmetry is the most noticeable thing to me,although there are some minor imperfections if you look closely.
So what's more important to this bug that has all of his wings on one side? Not being seen or going from A to B without walking up and down those wheat stalks in the picture?
If I showed you the following, is it one pattern or two patterns?
B2B 2R 2B R2R 2B 2R
If those things above happened as events 1 through 6, were there three pairs of up and down or two patterns, one long followed by one short?
Right now I know your and TE's and T666's (and traderzones's) answer is three ups and downs as pairs. This leads to trading as shown in the 24,000 trade backtest that made 18 dollar loss per trade on average as zxeen by T666.
What happens when a person trades the two triads and makes money on each trade? He gets to compound his profits as long as he wishes.
How can a person switch his mind from your collecive thinking to my thinking? A person usually cannot.
A learning process is required. Your collective thinking does not include a substantive thinking process.
There are no successful rules in trading that come from inductive thinking.
look at each pair
1. B2B 2R (4)
2. 2B R2R (4)
3. 2B 2R (2)
Each has an up followed by a down on price. There are 10 volume peaks and troughs, however. See ( ).
The sentiment combo for each pair is the same on one and different on the other two. On one pair the sentiment changes duing the pair. Sentiment of the market is in a flux that is different on each of all three.
The long trade is B2B 2R 2B.
The short trade is R2R 2B 2R.
If you are more skilled you do six trades and use a faster fractal to show you the 3 part pattern within each of the six trades.
If you are even more skilled you do 18 trades during the 1 through 6 originally spoken of.
Money is made in proportion to skills that are held as differentiation in the brain.
Up and down people get screwed like clockwork. The first pair above is called "the early exit". The next two are called "whipsaw".; They are also called "I made a profit for a while and then the market went against be and I wound up getting stopped out".
All three represent the CW ACTION of price action trading. TE is an ACTION guy.
Early exit plus two whipsaws on three consecutive trades equals 95% of traders quitting.
Do a search on "confused" Read all the "confused" posts in ET.
Read page 51 of BW/B the 24MAY issue and find out what "confused" is on a worldwide basis. the R2R 2B 2R short pattern for 06MAY10 is illustrated at the top of the page.