- Joined
- 6 May 2005
- Posts
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- 1
tech/a said:Hmm dont know that it was ever directed at you.
I have been critical of some who simply make calls---you dont do that you supply reasonable arguement in chart form and from what I have seen excellent work.
-------------------------------------------------------------------------------wavepicker said:No problems tech/a, but drawing fancy charts is one thing, battling with your emotions and trading psychology is completely another, and that one is the hardest to master for all of us here I think.
Charts should only be used as a guide and absolutely nothing else. As much as we want them to be correct, many times they are not. I don't know if these charts will be right, but until market conditions turn and make them invalid by another wave count I will stick by them. They only give probabilities and possibilities. It is up to us to quantify these probabilities.
Cheers
MARKETWAVES said:YOU HAVE CHANGED YOUR TUNE .........
Many of us consider you a legend already MW, so dont worry about a little tag after your name not showing it! There is some detailed discussion of it here, you can add to the thread if you like: https://www.aussiestockforums.com/forums/showthread.php?t=3002&highlight=veteranMARKETWAVES said:Richkid .....
It's been almost a yr now and I have many posts
I was just looking at my title (Junior member?)
I want to be top brass ......
what do I do to get to say Senior Member ?
- or anything above Junior member ?
Eventually I am striving for the title "Legend "-
.......... This i know will take time.
Good idea, try posting Euro charts in here from now on guys: https://www.aussiestockforums.com/forums/showthread.php?t=1753&highlight=euroMARKETWAVES said:.......
This thread is setup for the UsDollar ..... May be you can setup a thread for the Euro
where we can go in and post our thoughts intraday and short term ?
This way we can leave this thread for the Us Dollar
Thanks again MW, that was a great little piece, think I missed it last year or didn't get it at the time, makes more sense now- ahead of its time? I like how you use traditional support and resistance with your EW stuff, adds more "oomph" to your analysis!!MARKETWAVES said:-------------------------------------------------------
Here's a link explaing some of what's being said here
https://www.aussiestockforums.com/forums/showthread.php?t=1393
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MARKETWAVES said:------------------------------------------------------------------------
Here is the main chart that I am concerned with ....
There's been 3 attempts on this line and may be acting as a magnet to attract Price . all that matters is either You believe price will break below it in the Future or stay above it .
As for me ... I think it can pierce below this line . (Have made my choice )
This would probably signal a recesssion at the very least . ....
We already have I believe its 16 rate hikes in a row . Never before in history has this happened . A Sign of the times ......
It has aready been proven that a series of interest rate hike produce recesssions in which you know what happens to the
USdollar in this scenerio ...
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Here's a link explaing some of what's being said here
https://www.aussiestockforums.com/forums/showthread.php?t=1393
---------------------------------------------------------------------------------------------
RichKid said:Did you write that webs or is it some sort of classic? Great piece btw, liked it!
MARKETWAVES said:------------------------------------------------------------------------
Here is the main chart that I am concerned with ....
There's been 3 attempts on this line and may be acting as a magnet to attract Price . all that matters is either You believe price will break below it in the Future or stay above it .
As for me ... I think it can pierce below this line . (Have made my choice )
This would probably signal a recesssion at the very least . ....
We already have I believe its 16 rate hikes in a row . Never before in history has this happened . A Sign of the times ......
It has aready been proven that a series of interest rate hike produce recesssions in which you know what happens to the
USdollar in this scenerio ...
--------------------------------------------------------------------------------------
Here's a link explaing some of what's being said here
https://www.aussiestockforums.com/forums/showthread.php?t=1393
---------------------------------------------------------------------------------------------
coyotte said:There is a old rule of US Trading
Rule of 4 breakout
When a price breaks or fails to break a resistance or support line on the 4th attempt ----- the outcome will be significant and a big move can be expected , the 4th attempt at any angle falls into this category.
The initial penetration is not the key --- The price action immediately following is the factor.
I have a lot of respect for him, he could teach quite a few people here about T/A.
tech/a said:Without getting into an arguement but stating my experience.
Followed Mclaren for years when he published his daily summary free.
The gaol posts were constantly moved,possibilities,could be's if--- never anything conclusive.You could never take a trade based upon the analysis.What was expected for the next day and week when you read back on it NEVER happened ( I used to cut paste and save them so I could do this).
ADMITTEDLY
It was his predictive analysis,more Gann based than anything else.
The analysis presented here by Wavepicker and Marketwaves,with charts that clarify the analysis are basic,Elliot,Conventional Technical analysis and Fibbonacci.
Personally I dont see ambiguity.
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