Context Down down down...and a final pressing What i observe now, is not a major trend change. I rather expect a temporarily pullback to the black CL. It is in it self, just a natural movement of a pendulum swing. Why? See the (blue dotted) sine wave? It fullfilled its meaning. And from here a new move is born. Let's see:
Swings sine wave has done it's job
Price Action support at the sliding, below the CL (centerline of the fork) the pressing dissolved in a classical momentum break price shoot through the CL, up to the first natural resistance (red-dashed)
Now i waiting patiently for a PB, back to the CL and into the mini-coil where last support was found bevor the break.
Note the expected move will be "just" a natural PB up to the (black) CL. And this CL represent a trend barrier, from where price has a high potential to turn down again...
Yes, we talket at MG about it, but not that much.
It was more for the advanced people, because ther's more behind it.
But it's OK if you understand the concept of "center" and extremes.
Because the middle part of the sine wave is also a... center - everything has it's center!
With this information alone, you can research and study one year and more...going deeper
and deeper into the "Rabitt Hole" ;-)
I researched very much by myself, because i'm addicted to find out solutions for problems.
And the markets, somehow, representing a infinit "problem" to me. Ther's allways more to
learn and to optimizie. Even it's the gnosis, that one just need ONE strategy with a positive
expectation, to make money over and over again...Bread & Butter Trading would be sufficient...
But we are humans....we allways want more - dont we? ;-)
Wish you a sunny day TIK!
Timing_is_key
⋅
Yes, everything returns to the center...and Yes I have ventured down many "Rabbit Holes" good and bad looking for the HG . I also research by myself and have made some great discoveries, good to see we share some common ground:)
I have a nice philosophical question that will get you thinking.....Do you think people influence the price movement in markets? OR Do you think the price movement in markets influence people?
Tr8dingN3rd
⋅
§8-) ....how cool is that...
OK...let's see:
I dont think that the "herd", the retail traders (are able to) influence the markets.
It's the big money, the "whales", who have the ressources (and by ressources I not only mean money...) to influence the markets, to achieve they're goals.
The sheeps are "directed" and influenced by the shepherd...or wolf ;-)
Means: (Initial) price movement, (initiated through the big money to trigger the herd), influences people.
How do you think about this TIK?
Timing_is_key
⋅
Without sounding like Confucius:) If the "BIG MONEY PEOPLE" initially influence the price move in markets which in so doing influences the herd.....Then who ( or what? ) influences the BIG MONEY PEOPLE?........A bit like what came first the chicken or the egg!
I have been wrestling with this concept for a while now as I have been (Casually) looking in another rabbit hole called Financial Astronomy and how certain planetary cycles are obviously linked with price movements in the markets, thus this groups viewpoint differs to mainstream and ties in to my original question and theoretical answer : ie. That planetary cycles are the keys to market movements from which the whales take their positions in opposition to the Herd:)......Just putting it out there.
Tr8dingN3rd
⋅
Guess wahat TIK...i heard from a guy here in Switzerland who's trading exactly with these cycles, and he's doing very well.
I tell my students over and over again: Learn, research and do whatever works for you. Never ask for a second opinion...research it, proof it with stats and do it!
Hasta la pasta §8-)
Timing_is_key
⋅
You are spot on Mr Forker! - it takes alot of elbow grease, sweat & tears- Sometimes:( but what happens is a few golden nugget "aha" moments & that's all you need to have a super edge in the market. I know a few people in these circles, one in particular, however he is not teaching "Yet!" but when he does I will turn into a rabbit! All the best:)
Timing_is_key
⋅
I like the analysis, Is the sine wave idea something you picked up at MG? It is quite a nice way to see balance in the swings. The black fork looks active ( re first test hit it nicely)
Yes, we talket at MG about it, but not that much.
It was more for the advanced people, because ther's more behind it.
But it's OK if you understand the concept of "center" and extremes.
Because the middle part of the sine wave is also a... center - everything has it's center!
With this information alone, you can research and study one year and more...going deeper
and deeper into the "Rabitt Hole" ;-)
I researched very much by myself, because i'm addicted to find out solutions for problems.
And the markets, somehow, representing a infinit "problem" to me. Ther's allways more to
learn and to optimizie. Even it's the gnosis, that one just need ONE strategy with a positive
expectation, to make money over and over again...Bread & Butter Trading would be sufficient...
But we are humans....we allways want more - dont we? ;-)
Wish you a sunny day TIK!