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SIMPLE moving average.
i'll do one on stock charts so you can c it. however if someone doesn't have stock chart they'll not be able to read my short term chart.
but the daily chart will show the piture as well but one would have to really focus to pick the waves in the longer term chart. i'll link both though.
LOOKING at daily chart notice in july the histogram went negative on the correction. that was the B leg pull back. after that notice how the histogram stayed big positive. THAT was all of the 3 RD wave up IN THE major C wave up.
NOTICE the historgam dip NEAR OCT start? that was the 4th wave INSIDE of the c wave it never went negative but it came back close to zero line. THEN NOTICE while fas set higher high the histogram had a neagtive divergence. NOW the histogram has gone negative and it's down big BECAUSE we are now in the process of working on the abc corrective wave down.
for those with shorter term chart ability with stock charts the following will be able to show u where we are in the short term counts.
no i don't promote stock charts and i don't trade with stock charts i just use it to share charts with family and friends. but i do admit i could trade with it because of my style of trading.
Gap. This is much more interesting and informative than your other posts. I would love it if you continued like this. My question tho is what is to prevent the MACD from coming back up in a day or two? How can you predict the future? Or do you trade on assumption till the assumption is proven wrong?
it's ONLY important to know the trend u always watch price and volume first indications second.
but we can all count abc's
example 1 month 60 min fas chart.
for now WE CARRY the 80.60 IN THE middle as 1
we carry the 88.41 as 2
AND when we stop going down we'll carry that low coming as 3
so really if we can find abc's with lower highs then we know trend short term is down.
if we find abc's with higher lows we know the trend is up.
if we take the time to find 1 2 then WHEN THE histogram does as expected WE know were in 3 be it up or down and thats where most of the money is.
3 will never cross back down or up of 1 SO u r stop loss goes RIGHT under the prior high if your long in bullish trend because it shouldn't hit or even come close.
if u r short same thing the stop should have originally be over 80.60 AND NOW that short should either be ready to take profits but at the very least put that stop in over 78
PROBABILITIES it's not guess work.
This is very interesting i hope you do not mind but i am going to copy this to help educate myself i am not good with charts i never know for sure how i should have them set.
Thanks the more we know the better.
DO NOT USE till you understand.
USE what u normally use but keep it set near that to watch and get comfortable with.
THEN follow kens posts on targets and watch the indicator for confirmation or denial
JUST trying to share
i have an algorythm like ken does that i use so i've not revealed my methods in full
but the counts i share do come from my methods and the indicators are always secondary not first.