The dreaded B wave of an ABC. Chops traders up like mincemeat. Typical though, 4 or 5 days of nice flow, get everyone thinking it should keep happening and then this. Spastic movement. Bulls lose, bears lose, the nimble understand and make a few ...

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Yea, I came to that same conclusion when I noticed where the LO was yesterday. Got out, waiting.

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Yesterdays LO is at 1.1565, now that it has a close or two below it, it might not want to give it up easily. Looking at an hourly chart. Just saying.

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So is your target about 1.1605?

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On my platform the last low close is at 1.1573 on the 4 hour chart. This bar closing soon looks like it will bust thru that. 20 minute left.

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It's called a correction, pullback, retracement, taking a breath or waiting for news. Take your pick

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For the swing traders, If I can add a caveat for all you folks that like to see divergence and are tempted to take the trade against the flow. At least wait for a pivot low to be broken first before you consider looking for a trade. The basic rule ...

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Some people may have jumped the gun on the 5 minute chart. They would have gotten in around 1560

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If your going to use an indicator, it's best to know how it's constructed and what it's telling you.

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For anyone wanting a deeper understanding of the RSI

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The old saying I always heard was "Hope isn't a strategy". One of the keys to trading well is knowing where you're wrong. I was taught to find my stop before my entry. Study it.

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Back on Page 1747, post 34924 MrMalik1 posted Ata posts since he started to show traders his style of trading. There are 2 PDF's in that post that could help you get a grasp of what he is doing. Make use of all of, not only Ata hard work, but ...

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Hey digger, the structure last Thursday could be a repeat today. The ABC with the higher high and minor new low. Stop hunting at it's finest!!!!! Forgot, on the hourly.

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Sonny your confused. There are countless people on this thread that are superb traders. I'm just calling you out on a statement that there aren't any good traders in this forum. There are many, but Ata is kind enough to let them have discussions ...

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Slt93, I'm just an old fart that hangs around and is a pain in people's ass. But, I've often wondered which is more dangerous, ignorance or arrogance? The bottom line is if you want have a following, open a thread and let it buck. Just a clue, most ...

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I agree with the digger. You just have to keep in mind that the forum is Ata's. Ata uses mostly hourly, 15 min and 5 min., so most traders here are following him. That's why they are here, for his methods.

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The truth be known, I just count to 3. In this case 3 up. Should see three down next. How big, I have no clue. Before I'll go short I like to see a change of behavior. Ata trend line break. If you read about the Sakata method, Honma had the ...

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I would say that i'ts time to draw an up sloping trend line, ala Ata, and see if it produces a correction or a full pivot. I'm watching the hourly.

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Because someone with a lot more money than us wanted it to. There was a lot of energy expended in that move though. It just about doubled the average swing size.

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To your labeling, I like the fact that both retracements are about the same size and different shapes (alternation). Wow it's going nuts while I type this. But yes, that is a possibility. The little notch in this move up at about 1 pm cst is classic ...

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