What causes these waves?(1).
Your trendline and mine are not the same. Yours are run of the mill standard fare from TA books = a good start like Algebra, Arith., but then you want to move on to Trig & Calculus. You yourself said to me that you are not a Wave-er. That's OK, nothing wrong, but without Waves you got zip. Trendlines based on Waves are a different breed altogether.
(2)
Yes of course, many roads lead to Rome. No disagreement on thousands of ways to make $ in markets. AND billions of ways to lose and lose big.
(3)
Your last para is straight out of the trillions of trading books that revel in standard yawn-type hocus-pocus.
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You said "Price Action" right? And after all these decades you have NOT noticed that PRICE moves in WAVES? And you stated you're not a wave-er. Even the Bible, TA of stock trends has an entire section of Prce waves and ocean waves. One can of course go into Electromagnetic waves, etc., etc., Every pulse in the body is a wave, heart normal is sine wave rhythm. Atrial Fibrillation is irregular waves that are disruptive = corrective waves in Finance which by definition cause huge difficulty. ....... Look at USDJPY weekly. ...... = Atrial Fibrillation to the nth degree
Learn Waves, amigo. Don't short change yourself.
Reversal Shorts - Top in
- Thread starter jazzsmn
- Start date
[the above expressions symbolize the effectiveness of the thoroughly discredited Wave Theorists]
Machine Learning? Sure. Neural Nets? Fine. Data Mining? Yes.
[the above expressions symbolize the effectiveness of the thoroughly discredited Wave Theorists]
Machine Learning? Sure. Neural Nets? Fine. Data Mining? Yes.
Don't stop there. I can add hundreds more symbols to discredit Wave Theorists. Perhaps thousands.
. And even that won't be enough. Then move to TA & FA. 95% traders fail. So TA & FA & Cycle Theory et al are all bogus? LOLIts the practitioners, son, always has been, always will be.
Marketing/Sales/Finishers .......... 999 out of a 1000 fail. Interviewers get screwed because of time wastage finding the right guy who can bring down the moolah. All have access to the same books, theory etc., yet only a few truly kill it.
Its the practitioners, son, always has been, always will be.
The Universe of Matter, Energy, Space & Time.
The collective Universe of the Crowd's Mind aka Herd instinct. The Price chart is a view of said Herd. And lucky for us it responds beautifully to Logarithmic scale. Hence the Trendline.
We can start by asking the Ocean about its WAVES. Esp. ask her about the formidable ROGUE Wave (rogue's cousin in Finance is so formidable & treacherous as to slaughter millions, known as a correction. Corrections, like the rogue have so many forms, shapes, zigs etc., they kill us easily. But look how easy the dominant trend is in comparison))
Waves:
Brain waves, Sound Waves, LIGHT waves, Electromagnetic waves, Heart Sine Wave, Waves in Quantum Mechanics, Dynamics of a Particle viewed under the Wave magnifying glass.
Standing Waves, a particularly troubling phenomenon for stereo music afficionados in High end audio like myself who thru' proper placement of loudspeakers nullify or reduce such rogue waves that kill/corrupt the integrity of the upper bass.
https://www.forbes.com/pictures/gjhj45hmd/everything-is-made-of-wa/
You, me and THEY cause the Waves. Your best example is Dow Jones himself. LOL
Open Monthly chart DJI. See the Waves? Count them. See Great Depression? A 3-wave move. Then see the rally that proved the Depression run was OVER. .. a 5 wave move up into 1937 top. See the long ride into the 196o's top? Count the waves, esp. noting that the higher slope is a subdivion of Wave #3. Then see ROGUE wave confounding the daylights out of me and thee from 1966 to 1974. 1987 crash was a Rogue wave of lesser degree.
For our immediate purposes see Rogue Wave from Dow Jones Jan 2000 top to March 2009 low, a rogue of particularly intemperate disposition.
Aha! Can we count? Its never the fault of the subject. The fault lies with the practitioner. Can he count from 1 to 5? Hahaha, its the key. So let's see. On monthly, I count starting from March 2009 lows, 5 waves up into the current upwave which started Christmas.
Hence the reversal call and reversal trades.
If I lose, does it make Wave subject invalid? NO. I'm at fault. Itsnever the Universe's fault
Amigos, do/examine this/these. ......
Vix refuses to go lower than 8.56
Vix alltime historical LOW occured at 8.56 on when? Yep, as far back as November 24, 2017. That's 2017 amigos. Then came 2 higher lows.
4 contact point trendline from Nov 2017 you guessed it, sloping upward. Doji on 4/17/19
Down trendline from 12/21/18 now being attacked ferociously.
RSI same ditto trendline = breakout!!!!!!!!!
Macd ditto TL = breakout!!!!!
Not to mention the same pencil/ruler Vix breakout signal on 1/16/18 when the 200-day got simultaneously hammered breakout. Surely you remember Jan 26, 2018? The BIG TOP in US/world. Vix Trendline called it 10 days earlier than all markets. Sentiment nails it every damn time.
Creme de la creme from Vixie is the projectile fired from extrapolating 2/6/18 top + 8/9/18 low + 12/24/18 top to give a precise Egypt Pyramid calculation 61.8% on April 17th, 2019, just 7 trading days ago.
Of course niemand was or is awake to notice these things.
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Read quote first, then see Vixie trying to breakout thru' said trendline on Price. Then see RSI slope northbound change ever so slightly. Will it happen? Is it a trap? LOL
