No problem with those charts Chris. We know where we want to get in and we generally know where we want to get out, so visual confirmations of our conscious thoughts are always helpful.
I'm glad you're here sharing charts such as those with us.
Now this, I would have a problem with... head hurts just screen capturing it...
-CJ-
Dear Lord Man, you must have gone to that "other" site to find that. Such pretty colors though.
On the short setup, is this correct? This is the best I could work it out to, if it's wrong can you show me your levels on this one?
Nope...nope...and more nope. I sure hope you guys are not trading with real $$...
You don't have enough info on your screen to tell you anything about cycles, levels or anything really... it's like opening a 1000 page novel to pages 545-546 and trying to write book review...
On the 15M period, its a 3-5 day cycle - PL-L1-L2-SH-L3/PH
ALSO, there is no info what so ever as to the direction of the major cycle, where this entire cycle is but one level...
-CJ-
Thanks for the labels, it really helps me out. As I've been on demo for 2 years now, I will do so until I feel comfortable. I'm much more concerned with just having the levels right than making any money at this point.
I've zoomed out my charts a little more, is this chart any less wrong than the ones before it? haha
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On the short setup, is this correct? This is the best I could work it out to, if it's wrong can you show me your levels on this one?
Nope...nope...and more nope. I sure hope you guys are not trading with real $$...
You don't have enough info on your screen to tell you anything about cycles, levels or anything really... it's like opening a 1000 page novel to pages 545-546 and trying to write book review...
On the 15M period, its a 3-5 day cycle - PL-L1-L2-SH-L3/PH
ALSO, there is no info what so ever as to the direction of the major cycle, where this entire cycle is but one level...
-CJ-
Thanks for the labels, it really helps me out. As I've been on demo for 2 years now, I will do so until I feel comfortable. I'm much more concerned with just having the levels right than making any money at this point.
I've zoomed out my charts a little more, is this chart any less wrong than the ones before it? haha
Levels are the areas where price pauses... none of the peaks are levels and you have 2 noted on the same level...(2 and 3)...
-CJ-
A man is not defeated when he is beaten, he is defeated when he quits.
The goal is not a "perfect trade" - the goal is a "profitable trade"!
You don't have enough info on your screen to tell you anything about cycles, levels or anything really... it's like opening a 1000 page novel to pages 545-546 and trying to write book review...
On the 15M period, its a 3-5 day cycle - PL-L1-L2-SH-L3/PH
ALSO, there is no info what so ever as to the direction of the major cycle, where this entire cycle is but one level...
-CJ-
CJ
Kindly'
Where I can find detailed explanations about this cycels (PL-L1-L2-SH-L3/PH..Etc.)
PogMeme » Thu Nov 05, 2015 8:52 am wrote:
Thanks for the labels, it really helps me out. As I've been on demo for 2 years now, I will do so until I feel comfortable. I'm much more concerned with just having the levels right than making any money at this point.
I've zoomed out my charts a little more, is this chart any less wrong than the ones before it? haha
How I see it
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“And those who were seen dancing were thought to be insane by those who could not hear the music.” ― Friedrich Nietzsche
Just a fib example. I don't normally trade EU but I do watch it as it's correlated with other pairs I trade. The 161.8 of previous swings on larger time frames is always a good place to "watch" for PA, bounces and structure forming. Had I been up in time to catch this, it's a nice low risk 40 - 50 pip bounce so far.
Weekly
EURUSDiWeekly.png
5m
EURUSDiM5.png
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Captain Jack » Thu Nov 05, 2015 2:01 am wrote:
Levels are the areas where price pauses... none of the peaks are levels and you have 2 noted on the same level...(2 and 3)...
-CJ-
Ok this makes some more sense to me now if I have it right.. I was simplifying and assuming that in this scenario(bear), you just put the numbers on the highs and the levels on the lows. Is Jurij's count correct?
