Old Dog new to E.T.

[atticus]

Quote from FXWave:

Great as I would love some volume confirmation....I have never had the luxury of using volume in FX as I don't have a reliable volume source so all my analysis is strictly price. I get away with it as I can find balance points on multiple time frames and I know where the volume concentration levels will naturally be. I don't use EW or see EWs in the flat traditional way as that has never worked for me. I do use the basic EW rules and use the quantifiable Fib ratios to qualify the wave sequence.

Oh Jesus. Volatility.

 

[FXWave]

Quote from atticus:

Oh Jesus. Volatility.

LOL...general price patterns tell more than one might think after years of study. I generally know where prices will likely chop around, stay contained in consolidation and only bust nearby stops orders and when they are done and ready to hit the deep stops.

Knowing your cycles can help keep you out and avoid the minor wave chop slop. EW/Fibs are circular in there nature and thus help confirm the linear cycles.

I guess I take a more organic approach while you guys are zeroing in the synthetic side. A collaboration could be fun....?