I'll keep this short as its all been said in previous ideas which are linked here. We completed the double waves which i am pleased about as i felt we needed to have a double wave to have a 5 wave cycle up, obviously alone would then lead on to a 5 wave continuation. Anyway not out the woods yet but i beleive we have just completed wave 1 of 5 to the side. But its still likely to be sluggish over the next douple of day i think although i am now expecting a gradual increase in price action upwards.
I understand the way i do my TA is not a traditional tried and tested way of TA, but i had a bit of a Eureka moment and realised that everything can be eplained in charts by looking at time and phases all on different time intervals, they all are effecting each other but in a predictable way, so i decided i had to make my own TA ,method to stand a chance of being able to predict markets consistently and accurately.
I have started using EW waves inside the phases to predict the path a bit more accurately, i have also found a was of using rectangles to predict the depth of the phase. That is how i got the target number of 5850, the price went to 5855 so its a good start to that new particular way of doing things. However i would say, if we did preak down here then using hte same method with the rectangles we would be seeing about 5k (would have to look closer should we break down, but that scenario doesnt have as many peices that fit so i am continuing to trade based on this scenario. I will scamble some new idea together should that happen (hope npw as it would see us in october before recovery)
I do appreciate i am not always correct and I am not disrespecting any other method or to anyone who uses other methods. But i must admit i do seem to get quite a few people messaging me to tell me i am wrong all the time, it is probably coz i have a differing way at looking at things i guess and its hard for others to understand it, sounds like a load of BS to most probably. BUt before jumping in and telling me i am wrong, maybe wait and see, or i guess look at my ideas, especially the more recent ones to see the results....or at least witness a few of the people telling me i am wrong on the comments haha.....sorry to you guys, seems it must of been you that was wrong.
Oh by the way, i take no notice whaatsoever of fundamentals or anything so no point in telling me all the fundamentals to prove i am wrong since I beleive the whole market is natural anyway, only with minor influences that can change its path on any given , so although natural small things can make the big changes later.
Anyway here links to other ideas related to his one
If anyone is interested in how i TA then please just ask, i arent always the best at explaining things but i will do my best to make it make sense to you. Not sure if you have to be a particular type of person to fully get it or not. I am not an academic, in fact i am really quite dyslexic but also score relatively well on IQ tests (well last time i did one 15 years ago i did, age, beer, late nights and years of not really using the grey matter may well have decresed that score haha) but what i was gonna say, i find tho tests very much like trading in that in those tests you often have to be able to find a pattern and predict what is next in the sequence, well in a nutshell that is how i trade, find what is next in the sequence, but it is complicated by the fact it is muti interval related. Anyway, as i say, if you want to know more it might add something to your TA arsenal, it may not too, If you count EW waves, it deffo helps with that as i could not ever get them right before counting phases and after counting phases it is very easy to see why it is hard to count them. Ok....i have waffled on loads in this post, not such a quick one after all