Fana, GE has some good points in his post. Drop the Elliott counts, you will only confuse yourself trying to count the corrective waves, most of the times corrective waves will be a series of mixed up waves going counter-trend, it's too easy to ...

Technical Analysis Fallacy

Jest, Pic was referring to me, but I would remind him that at the time Fana asked for help, he had already made the decision to rescue, tried something of a level 1 and was -60/70 pips in the hole. The option of flipping was a mute point as the time ...

Technical Analysis Fallacy

Jest, I think you'll find your answer in here. url Imho, the flip is done when positioning is small. There's nothing wrong with trying to trade the correction, if you understand what it is. But one can't hold that directional bias once it turns in ...

Technical Analysis Fallacy

Trend kicking in again coming out of twlights, flush perhaps

Technical Analysis Fallacy

Or Throat! @GEfx, you stated that the better position would have been to cut or flip. Flip would have been the better choice, but that decision should have been made way before when it was brought up. Once decision is made to rescue, you have to ...

Technical Analysis Fallacy

War being fought below 3300, see who wins the day........... GE, This is just my opinion, so everyone take it for what it's worth...... You either trade the way the thread outlines or don't.... but don't mix approaches as doing so is Russian ...

Technical Analysis Fallacy

Fana, Sorry to hear, but here's another lesson about trading........ when your mental state is not 100% stay out of the markets. Not saying that either is connected, but it's not wise to trade when you are not feeling top notch. regards,

Technical Analysis Fallacy

Fana your view of the market is very limited and your impressing your views on the market, why do you say it's overbought. The green area is where I'd think possible big buyers at, if they exist? won't know until it gets there, if it gets there. ...

Technical Analysis Fallacy

Fana I can't tell you in advance how to trade or rescue. PA will tell you that when it happens.

Technical Analysis Fallacy

I'd give it to 3300/3280 below that look to 3100 or lower but who knows Fana, price is going south why do you try to go long? Your coming into the first big US news for the week, so be prepared, there's some possible support just below but there's ...

Technical Analysis Fallacy

Yes. Agreed. There are times when my focus (limited area of overall market structure) is confined due to time constraints ect... that I will find myself with my back against the wall so to speak, position could be rescued or profit let to ride, but ...

Technical Analysis Fallacy

He be your Daddy, hopefully the guy who married your MA

EURUSD

For every action there’s an equal and opposite reaction, An object put in motion will stay in motion until acted upon, is it true in the market place? JR, Imho, your answer for the proper orientation angle lies in the first retrace of the reflecting ...

Sine Wave and Channel Reflection, Action/Reaction putting it all together

see the charts

Sine Wave and Channel Reflection, Action/Reaction putting it all together

JR, Like the charts, the last one, has many similar thoughts presented. Some thoughts coming, putting them together.

Sine Wave and Channel Reflection, Action/Reaction putting it all together

Jam, Everyone has their opinion on market fabric, random, ordered? Pros and cons to everything, bottom line is profitability. Can physical sciences be applied to the markets? There’s many who say yes, guess it depends on how you view mass psychology ...

Sine Wave and Channel Reflection, Action/Reaction putting it all together

JR don't worry about hijacking the thread, I throw up the subject matter to stir conversations, you share an idea and sometimes someone else has a different view or angle (pardon the pun) that might help. Of all the studies undertaken over the ...

Sine Wave and Channel Reflection, Action/Reaction putting it all together

Reduce your scout size

Technical Analysis Fallacy

What is the purpose of a rescue? It's not to average in as price goes against you in hopes of price coming back. If you're not sure it was time to rescue why enter another position? There is no optimal distance for rescue, it is dependent solely ...

Technical Analysis Fallacy

a question?

Technical Analysis Fallacy