interesting would be to “hear” GraHal – if he was expecting that his topic discussion will take that way it took 😀 or he does not care anyway, main thing being some discussion is being kept alive 😉
few hundred trades per year, which do “not care” about if it is now up-trend, down-trend, where are the next supports and resistances, and if we will reach all time highs until christmas or not…
On how you base your trading decisions then, if you don’t care about the trends and supports/resistance? Don’t tell me you have a crystal ball too ? lol
well, this is in my own house
Could have been true, i was in your country 10 days ago… 😉
DAX 4h time frame. The 4h candle is red with the bull trap above. Indices may fall like a stone now… (if crystal ball is right).
Hello.
My bots don’t scalp. And no, I didn’t mean to advertise them. I only wrote my store address on the Marketplace because in the bot descriptions, you can see the medium-long-term Elliott Wave analysis of the Nasdaq index I was talking about.
Have you already bought the survival kit proposed by European governments in case of war, meteorite, or zombie pandemic? (with irony).
Instead of buying the survival kit, I’ll buy S&P options when it’s above 4800 again, expiring in December, and hoping for ATH before the end of the year.
Also, I’ll reactivate 2-3 bullish bots.
☺️
interesting would be to “hear” GraHal – if he was expecting that his topic discussion will take that way it took 😀 or he does not care anyway, main thing being some discussion is being kept alive 😉
Ha Yes I’ve been popping in and smiling at the humour and banter!
It’s what we need as trading can be a lonely isolating hobby … esp if one’s wife runs off with our erstwhile colleague who seemingly has got something we haven’t! 😉 😀
Are you bored with prophecies and algorithms? Okay, you’ve talked about support and resistance levels. There’s a way to calculate them: take two waves of the same magnitude and draw two fibos, as shown in the chart. In this case, you’ll see two monthly supports on the Nasdaq. Support 1: 16282-16340 Support 2: 14441-14946 For them to be broken, a monthly close below them is required, given that the chart’s timeframe is monthly. You’ll see that the precision of support 1 has been pinpoint. A break of support 1 would mean a drop to support 2. A break of support 2 would mean a drop to 10340, the beginning of the fibo. As long as support 2 isn’t broken, there’s no war, no meteorite, no zombie pandemic. I recommend a timeframe of one day or longer to calculate them. To say that this method of calculating support and resistance has some small but important additional rules, which I can’t reveal, would be disrespectful to my teacher. You might wonder who my teacher is, and I’ll answer… …another prophet🥳. You might also wonder what two waves of the same degree are, and I’ll answer… You should study Elliott, but don’t pay too much attention to him.
Are you bored with prophecies and algorithms? Okay, you’ve talked about support and resistance levels. There’s a way to calculate them: take two waves of the same magnitude and draw two fibos, as shown in the chart. In this case, you’ll see two monthly supports on the Nasdaq. Support 1: 16282-16340 Support 2: 14441-14946 For them to be broken, a monthly close below them is required, given that the chart’s timeframe is monthly. You’ll see that the precision of support 1 has been pinpoint. A break of support 1 would mean a drop to support 2. A break of support 2 would mean a drop to 10340, the beginning of the fibo. As long as support 2 isn’t broken, there’s no war, no meteorite, no zombie pandemic. I recommend a timeframe of one day or longer to calculate them. To say that this method of calculating support and resistance has some small but important additional rules, which I can’t reveal, would be disrespectful to my teacher. You might wonder who my teacher is, and I’ll answer… …another prophet🥳. You might also wonder what two waves of the same degree are, and I’ll answer… You should study Elliott, but don’t pay too much attention to him.
Oh, for some reason I can’t upload the graph.
By the way, Support 2 is very broad, it’s not valid, one of the rules. There’s only one monthly support, Support 1. If Support 1 is broken, it could be due to war, meteorite, or a zombie pandemic.
Good luck!
Here’s the monthly support for the Dax index.
It hasn’t arrived yet, but I think it will in the coming weeks.
I asked my teacher (20 years ago) about Elliot, and what she sent to me everybody can find attached (but not in wikipedia or investopedia or anywhere on www).
What this guy figured out is sure facinating for a limited mind which is not even able to distinguish between north and south.
And sure perfect tool for brokers, brokers’ agents and bot-sellers. Yet if I would study every charlatan on the market and act according his/her advice I would not be able to feed myself and my kids from trading the markets – I would feed only brokers and charlatans.
few hundred trades per year, which do “not care” about if it is now up-trend, down-trend, where are the next supports and resistances, and if we will reach all time highs until christmas or not…
On how you base your trading decisions then, if you don’t care about the trends and supports/resistance? Don’t tell me you have a crystal ball too ? lol
fortunately I don’t have christal ball… I have/had to learn all hard lessons about trading markets myself – and my best teacher ever has always been my account, not trendlines, not Elliott, Gann, Williams and other charlatans…
ok, my statement about support and resistance is probably to some extent not true: in fact I consider some kind of them – for entries only, but these supports/resistances are not those which you and possibly majority of others consider/draw on the charts as support/resistance. and I bet on that they will fail, not that they will hold. so I am kind of buying when “everybody else” is hysterically selling, and I am selling short when “everybody else” is hysterically buying.
also I asked artifical intelligence recently, how can I possibly double my account every week trading the markets, yet she told me “f*** y**” so here I am again, alone, very alone with my own learning, with every trade, every day…
