Years too late but still interested

[waza]

ok i'll post my chart and show you what i mean when levels are within levels.

[waza]

as you can see level 2-4 has a 3 push level one inside it's 3rd push up.

[DerNick52]

This seems clear to me.
I'm stumbling at things like this.

SharedScreenshot.jpg

I know that a fast retrace after a 3 push move happens, but I don't know how to identify if this move is part of a level or only a retrace. That's why my counting get's off. In the future it becomes clear, but in the moment where it happens it's very confusing.

But I remembered, like you said, that a big part is to watch where price ranges. CJ pointed this out often like this.

2.jpg

Nick :hi:

[DerNick52]

This how I look at this

cT_cs_1135851_GBPUSD_2020-10-18_13-45-00.png

[waza]

i would say all that is in the 1st pick is for the highertime frame to get in sync with the move.

they can't keep moving it that quick, so they do false breakouts and take it back to where it was with a retrace. this is to catch people out and get their stop losses etc.

[DerNick52]

Okay,

now to the practice.

D1 AUDCAD:

cT_cs_1135851_AUDCAD_2020-10-18_14-09-54.png

H1:

cT_cs_1135851_AUDCAD_2020-10-18_14-13-36.png

So we should expect a retrace and then another push down to complete the h4 cycle, which is the first level in d1?

Thanks for working with me waza

Nick :hi:

[waza]

No Probs Nick glad CJ method is still going, but i'm not to sure you have the 1hour right, to me that looks like the 4hr chart you've done.

[waza]

ok i'll tell you what cj said to me about the 1 hour cycle and this might help you a little.

it takes around 3-5 days for a cycle to complete for the 1hour.

[DerNick52]

Ah,

I've read about the 3-5 day cycle but didn't know that this is the h1 cycle.

Around 3 weeks should be than the h4 cycle and around 10-12 weeks the d1 cycle I guess.

Helps to clarify the counting

Nick :hi:

[waza]

yip correct. well if you look at the 15 min that's a day, i used to scalp on the 5 min with this method, but you can only look at a few charts as it's a bit too fast.