Perfect example of why S&R is just plain wrong analysis.

[Sprout]

A break in market structure is just nonsense people use to try to describe what they don't understand. In this instance you are calling it after the fact when B completed and "broke structure" or whatever voodoo rules it goes by, when EW actually measures the expected move for the entire ABC correction.

Market Structure = HH, HLs or LH, LLs. A break would be a print of a LL during a HH, HL repeating sequence.. not that esoteric.

I'm not that familiar with EW or casting any shade on the methodology (I resonate with fractals!) What I know of it; is seems to account for 2 retraces during a channel and then the trend yields to it's opposite.

 

[wxytrader]

Market Structure = HH, HLs or LH, LLs.. not that esoteric.

I'm not that familiar with EW or casting any shade on the methodology (I resonate with fractals!) What I know of it; is seems to account for 2 retraces during a channel and then the trend yields to it's opposite.

Higher high higher low lower higher high high lower low...garbage. Same with order blocks, imbalances, mitigation. It's all just a misconstrued mess.

 

[wxytrader]

It reminds me of a story between an analyst and a trader: The analyst, here look at this chart, the price will go like this, it will hold here and then go like this. Trader: How do you know? Analyst: It is clear, here look, price moves according to my model in the past, it will repeat. Trader: So, price should hold here? Analyst: Yes, I'm sure. Trader: Picks up the phone, sell 100000 shares on XYZ. Price drops true the line of the chart. Trader: What tells your chart now?

I don't know about any of that. Statistically this is how price will move. Pick what you want. Draw random lines on the chart if it makes you feel better.

 

[Sprout]

Higher high higher low lower higher high high lower low...garbage. Same with order blocks, imbalances, mitigation. It's all just a misconstrued mess.

Whatever.. French to the English is that, English to the Spanish is that, Chinese to Japanese is that. Being cultish about lexicons is just being close-minded.

I'm more a generalist and look for common roots and intersections of edges.

 

[wxytrader]

Whatever.. French to the English is that, English to the Spanish is that, Chinese to Japanese is that. Being cultish about lexicons is just being close-minded.

No, it's not. They just don't plain work. When they do happen to line up with what's actually happening doesn't make it right. It's like a broken clock.

 

[Sprout]

No, it's not. They just don't plain work. When they do happen to line up with what's actually happening doesn't make it right. It's like a broken clock.

lol, sounds like you are arguing whether the imperial or the metric system is better; both get the job done.

 

[wxytrader]

lol, sounds like you are arguing whether the imperial or the metric system is better; both get the job done.

That's completely different and imperial is 12 times better than metric and I'm a CAD. However both work and are correct. HHLL method is wrong. Breaking structure has nothing to do with future price action.

There's no well sometimes it doesn't work. A true strategy works 100% of the time. That's why I don't use stops. When I start legging in I know first of all I'm near the bottom and second of all that trend is 100% going to reverse...and timeline.

 

[Arnie]

Yeah almost as much wisdom as say....PROJECTING THE FUTURE PRICE MONTHS IN ADVANCE?? lol

Let me help you...

In retrospect, he just ride his winners and cut his losses quickly. Moral of the story? It doesn't matter what you use for predictions in trading, as long you follow the sound principles of trading.

 

[wxytrader]

Let me help you...

In retrospect, he just ride his winners and cut his losses quickly. Moral of the story? It doesn't matter what you use for predictions in trading, as long you follow the sound principles of trading.

You can't ride your winners if you keep getting stopped out prematurely lol.

 

[danielc1]

A true strategy works 100% of the time. That's why I don't use stops.

I'm out... you are an accident waiting to happen.