Thanks for your work and lessons, measurement
can you tell me input data to use 1.272
thank you
ScottBogatin
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@Yaroslav-Mazurenko, as fate has it, you and I must've been on the same wavelength. On the second video that I uploaded today, I had three or four examples of 1.272 extensions. I did this just to give a visual signal for how 1.272 extensions frequently work and show reversal points, sometimes called inflection points. These extensions are very useful, and I explained how you can even use them to lock in a better target, not just to use them to enter the market. They are very simple to use, but what you need to do is just spend a few hours from time to time, and just go through a chart trying to visualize 1.272 extensions, one .618 extensions, and measured moves and teach yourself to visualize them first and then draw the lines to see how accurate your eye is before using the tools. You will develop a much better accuracy when you try this, and more importantly this teaches you to scan a chart and look for these extensions as the market moves higher, and also as the market moves lower.... you visualize this on both sides of the market. This way, even if your accuracy is a little bit off, you can quickly scan a chart and see these relationships, and since what I do is discretionary, it is important to be efficient with your time and use of your tools. It will take a little time to hone in your skills, but what I would hope followers would do is to learn how to scan a market with minimal use of the tools that I use. When you learn to do this you can scan a new chart and draw a few lines when necessary within a few minutes and have a pretty good idea of what the markets doing. The key is to imprint your brain to automatically look for these extensions, once you do this, they pop out at you. If you learn about it and you don't practice visualizing the tools and the patterns, that it's only an academic exercise, and not a useful tool.
Monduras
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thanks for sharing your thoughts! However, it's a bit hard to see the details - can you zoom in a bit more next time?
can you tell me input data to use 1.272
thank you