jedrula » Thu Aug 20, 2015 4:35 pm wrote:

I am also very interested in the answer

Also in the previous cycle (29.07.2015), they pushed price from L2 to L1

We need to observe what they do at this level at M15


Yes. I had just turned to the H1 for an answer and found the M30 easier to post a chart off what I saw. So I'll post it anyway!

Your chart already says it all, however on the M30 I have painted a "W", to ask the same question. Should the middle of a "W" have been counted as P1?

bullstein » Thu Aug 20, 2015 3:02 pm wrote:

jedrula » Thu Aug 20, 2015 4:35 pm wrote:

I am also very interested in the answer

Also in the previous cycle (29.07.2015), they pushed price from L2 to L1

We need to observe what they do at this level at M15


Yes. I had just turned to the H1 for an answer and found the M30 easier to post a chart off what I saw. So I'll post it anyway!

Your chart already says it all, however on the M30 I have painted a "W", to ask the same question. Should the middle of a "W" have been counted as P1?

Hello to all, I am also wondering about the answer to this question. It would certainly help shed some light as to avoid early or late entries.....
Keep up the good work everyone, you are certainly helping us novice traders see things differently.
Thanks guys

sympathy » Thu Aug 20, 2015 3:27 pm wrote:

bullstein » Thu Aug 20, 2015 3:02 pm wrote:

jedrula » Thu Aug 20, 2015 4:35 pm wrote:

I am also very interested in the answer

Also in the previous cycle (29.07.2015), they pushed price from L2 to L1

We need to observe what they do at this level at M15


Yes. I had just turned to the H1 for an answer and found the M30 easier to post a chart off what I saw. So I'll post it anyway!

Your chart already says it all, however on the M30 I have painted a "W", to ask the same question. Should the middle of a "W" have been counted as P1?

Hello to all, I am also wondering about the answer to this question. It would certainly help shed some light as to avoid early or late entries.....
Keep up the good work everyone, you are certainly helping us novice traders see things differently.
Thanks guys

simple as dis bro. A W pattern is always in level 3 ok. when price moves away from it and returns back at the top it becomes level one.hope it helps.

bullstein » Thu Aug 20, 2015 3:55 pm wrote:Thank you Sympathy, that is very clear to me now. Just want to say you guys here are like a breath of fresh air and have re-ignited my passion for trading. Much respect to all of you, couldn't thank you enough for the time and effort you all put in to explaining things clearly... My hat is off to all u. :hi:

sympathy wrote:

bullstein » Thu Aug 20, 2015 3:55 pm wrote:Thank you Sympathy, that is very clear to me now. Just want to say you guys here are like a breath of fresh air and have re-ignited my passion for trading. Much respect to all of you, couldn't thank you enough for the time and effort you all put in to explaining things clearly... My hat is off to all u. :hi:

Hey bullshit,...oh sorry its Bullstein you are welcome i will make sure everybody understands this stuff. its very simple but hard to see

sympathy » Thu Aug 20, 2015 1:13 pm wrote:moving my analyses to higher time frames am almost done with lower ones because i know the tricks.