twobits ... let's not worry about the gap !! on 15m :-
1) impulsive 5-waves from 22070 to 22993
2) corrective expanded flat from 22993 to 22509

it depends how we want to interpret the impulsive 5-waves to assume future pattern ... is it an A ?? is it a C ?? is it a wave 1 ?? all A, C and 1 can have 5-waves structure !!

meantime, i just draw a wave channel waiting for it to break up or down !!

rchi .. do u look at KLCI or FKLI chart to play h97 ?? thanks

undercover (for who ?? LOL) .. mycron is on WAVE 4 pullback unless price goes below peak of WAVE 1 at 0.60 !!

Posted by Undercover > Dec 2, 2016 03:53 PM | Report Abuse
Hi dear sifus, can anyone take a look at Mycron's chart? What wave is it at now? Thanks in advance

ah in this case traders trading on news must be very good at timing the bottom to buy at lowest or near lowest and then sell on the first rally ... okay say 1st rally, not good enuf so don't sell first ya wait for the LINK ... then 2nd rally, aiya also cannot cover cost again don't sell first ya wait for the LINK ... then .. then ... then !! i am lost in the bush :)

it's just me that i don't know how to trade with news .. i don't know how to come up with a good methodology / clear strategy to enter n exit based on before n after news !!! i'd rather wait for the news to be over and then see what happens next ...

rchi ... but then they have to sell before the LINK took place ie when price soared to 23000 ish !!! what about those who kept on averaging down to wait for the LINK ??? LOL

morning bonarda ... i may not be right but i read these which are useful if we are serious about using EW for practical and logical trading strategies :-
1) be quick to admit when there is no relevant pattern .. do NOT force an EW count when there is no count
2) if there is no relevant count, does the pattern appear to be impulsive or corrective
3) as new data is made, the market will continually confirm o invalidate the pattern position assumption. TRADE THE MARKET, NOT THE FORECAST !!! be quick to change your assumption of pattern position if market activity invalidates the current assumption

by the way, what happen to the LINK ?? LOL .. is this not supposed to be THE BIG THING everyone is waiting for ???

twobits ... the expanded flat wave C ended at 22509 !! from 22509 to 22708 i take it as minor a of a new WAVE A ... 22708 to 22464 as minor b and now processing minor c :) if this minor c exceeds peak of minor a we shud see a -D !!! ps share your count
p/s - there is also a likelihood that she is still in minor b (unfolding 3-waves structure)

congrats icon .. u are processing Elliott WAVE 3 .. let's wait for the peak at fibonacci 4.236 extension target 10mil :)

abangadik .. u too have an awesome weekend with your lovely wife :)

spend time with abang
spend more time with adik
spend most time with wife

woah twobits .. look at the computation involved on spread / commission / margin dealing with CFD :):):) have to take some time to digest all the jargons / definitions on this entire page !!!

https://www.ig.com/sg/our-charges

bonarda .. the followings are from tradingview hsif 4H chart :-

1) flat - from 9 sept to 13 oct
2) X connective - 13 oct to 25 oct
3) zigzag - 25 oct to 16 nov

thanks twobits :)

eh cannot ignore price action .. must go study hard from my BFs rolf & moritz ... for more exciting trades, go for moritz ... he was a professional poker player before his trading journey :) he has very clear strategies for his day-trade and swing-trade !!

oh bonarda .. later i tell u where the flats / X / ZZ are :)

evel .. will be happy to see now one more downleg on 5m to complete the bloody C :) so, i count the consolidation as wave 4 and if u see the pattern now on 5m it's like a pennant .. price has broken below the pennant then retest the pennant lower trendline ... hopefully will slide now to finish off the 'race' :):)

bonarda .. if u are trading higher time frame, it's not a bad idea to look at trendlines as well cuz they are very legit :) eg even if she breaks 23000 but still below the HTF downward trendline, the bears may take over anytime ... and if u look at the candles on daily there isn't convincing commitment from the bulls ... aside from that big green candle on 22/11, the rests of them are so small with long wicks to the upside signalling price rejection by the bears !! it's always good to combine EW with price action to understand more what the chart is trying to tell us i guess :)

as for the waves .. i can't seem to get your A and B count :( but i wud read them as double correction on daily after WAVE 3 :-
1) flat
2) X-connective
3) zigzag

after the zigzag, there is an impulsive wave which i will take is as subwave 1 of WAVE 5 first unless there is a violation ... and now we are in subwave 2 with the expanded flat pattern !! let me know your tots of my count :) thanks

oops .. forgot to mention the SR level and 50ma resistance 22650ish is from 5m chart !! LOL

wave 1 from 23015 to 22825

target wave 4 to retest SR level / 50ma resistance around 22650ish ?? acceptable ??

twobits .. i am using the impulsive waves ie counting 5-waves down .. if there is any consolidation now, i wud take it as wave 4 first !! if target is approximating 161.8%, it's 22500ish

bonarda .. maybe we are not on the same page !! twobits and i are counting the waves on intraday charts ... u are always on higher time frame right ???

Posted by Bonarda > Dec 2, 2016 10:42 AM | Report Abuse
this weekend gonna read the EW textbook again. my counts are far from 2bits and connie.

followings are the rules and guidelines for an expanded flat correction based on ew analysis. so, it is wave C in 5-waves structure now and the guideline given is 100% to 161.8% of wave A .. currently, wave C is at 138.2% of wave A .. there is a likelihood will go deeper (perhaps nearing 161.8%) cuz i don't see a complete wave 4 retracement yet along this 5-waves structure .. so, there may still be another wave 5 downleg to complete the entire wave C !! based on price action, an important development has taken place on the daily chart ... price is now supported by 20ma .. shud this support fail, then we have to be more cautious .. further, she has not been able to break-thru the downward trendline on daily .. and if u look further into weekly, the 20ma is resisting as well :(:( however; with the news of the 'LINK' coming into action next monday, we have to see what game play :):)

Rules:
Wave A is a three wave pattern and never a Triangle.
Structure = 3-3-5
Wave B is subdivided into a three wave pattern.
Wave B retraces to at least 105% of Wave A & typically up to the 138.2%.
Wave C always goes beyond Wave A.
Wave C always subdivide into 5 wave structures: a Diagonal or an Impulse wave.

Guidelines:
Waves C usually goes between the 100% to the 161.8% of Wave A.
Waves A and C usually are not Equal in length.

k see u guys soon !! chillax first on TGIF :)

rchi .. and possibly fed rate hike ??

twobits .. hsif processing an expanded flat correction with wave B higher than start of wave A and wave C falls below wave A .. let's see using wave analysis the target for wave C :)

Dec 1, 2016 03:24 PM | Report Abuse
evel .. i am going to recount the following waves due to the OPEC consensus that pushed up wave B to a much higher level ! note the count is on 15m chart :-
1) 22992 - 22700 wave A
2) 22700 - 23015 wave B
3) 23015 - ??? wave C in progress now

haha evel .. now it's only me and my HP laptop :) i wish i had a bigger monitor cuz i have 2 small charts side by side !!! oh whilst waiting for my signals to go long / short, i come here busybody

twobits .. hsif wave c looks like going to process 5-waves down !! gotta be very careful going long now ..

hahaha bonarda maria vs malaria :) good one

hahaha jact ... OMG something wrong again !! under 'con' no. (2) is wrong ... it shud be under 'pro' and read 'u tend to trade with discipline; entry n exit guided by confirmation signal'
i must be dreaming while writing to ya :) thousand apologies

Dec 1, 2016 12:50 PM | Report Abuse
trading with / without confirmation has pro n con ... eg pro - (1) u trade with better confidence as there are confluence of factors (2) less likely get stopped out ... con - (1) u may miss out trades esp those with V-shape pattern (2) u tend to trade with less discipline (3) lower RRR (risk-reward-ratio)

hehehe jact .. i read back what i wrote !! it shud read 'trading WITH confirmation has pro n con ....' :) hope i did not confuse u


Dec 1, 2016 12:50 PM | Report Abuse
trading with / without confirmation has pro n con ... eg pro - (1) u trade with better confidence as there are confluence of factors (2) less likely get stopped out ... con - (1) u may miss out trades esp those with V-shape pattern (2) u tend to trade with less discipline (3) lower RRR (risk-reward-ratio)

from debbie to denise :) bye twobits .. bye rchi !! have a great evening

rchi dear .. noted with thanks :)

twobits .. no need to recount even if higher than 1630 cuz still within the range ?? the higher boundary is 1637 .. let's just wait for price to break up / down of this range !

this is the thing when we have to wait for confirmation to trade .. darn impatient at times ... moritz plays poker whilst waiting !! i must also start play something

twobits .. likely cuz minor b must break a channel !! atm not yet .. let's see if we get a double-bottom now and then break thru' the minor a PC :)

come come come .. give us a double-bottom with a +D :)

kakakaka ... pain-in-the-axx :):):) +D on AO already at m5 .. let's see ya if short rally shall start soon .. wait for moritz pattern first

truly another #PITA minor b consol !!

evel .. this morning touched already loh :)

noted twobits .. let's see how then cuz it's too early to tell now !! maybe if tomorrow is your link thingy then can ah ??? LOL .. ie another catalyst ..

evel .. i am going to recount the following waves due to the OPEC consensus that pushed up wave B to a much higher level ! note the count is on 15m chart :-
1) 22992 - 22700 wave A
2) 22700 - 23015 wave B
3) 23015 - ??? wave C in progress now


Nov 30, 2016 02:48 PM | Report Abuse
hawk .. subwaves + price action really can increase the day-trade winrate on hsif :) this is my 15m count :-
1) 22992 - 22700 wave A
2) 22700 - 22927 wave B
3) 22927 - ???? wave C work-in-progress
a) 22927 - 22777 minor a of C
b) 22777 - i give a TP of 62F at 22870 for minor b of C rally
c) 22870 - hmmm will she drop back to 20ma daily support ???
p/s - both A and B took 2 days (include the evening / nite session) to complete and so i think C also !!! notice it's always minor b that takes longer time to process .. the a and c can be V-shape pattern

abangadik ... thanks for the updates ! yes, kindly update us if u hear anything solid .. liquid also can :)

huh ?? another short squeeze to 23K ??? possible kah ?? LOL .. let's see cuz if this is the case then the waves structure is very funny !! not our earlier ABC already ..

sorry not c of C yet but minor a of C !!! b of C will take place soon and hope will not be another pain in the ass long consolidation :( b of C to be confirmed once the channel of a is broken ..

twobits .. is hsif processing our infamous c of C now ?? :)

wei twobits .. rchi does not trade with waves !! further, he is prepared to hold 2 months when debbie meets suzuki :) perhaps i shall take heed of your waves .. likely there shall be a retest of the 20ma on 1H before further upside which is very common

You Have To Strive For Excellence, Not Perfection

If you cannot fulfill your dream of creating the “Magic Strike Rate Trading System”, what is left? Excellence! It is your job to make sure to follow your system 100%. Not even the slightest deviation is allowed. Make sure you are always trading at the peak of your performance. Strive for excellence and make every trade count!

Every trade that you take outside of your trading system is an insult to yourself, to the time and effort you put into trading, and to your self-respect.

Excellence really comes down to respecting yourself in the end. Once you come to respect yourself and trust your abilities and your system, it will become easier and easier for you to follow your system.

WAH ... NOT EVEN THE SLIGHTEST DEVIATION IS ALLOWED !! ok ok when i play rebound i shall always stick to a double +D on 1H .. i shall stick to this system else skip the trade :(:( #iwontinsultmyself .. #irespectme

glad u like it ayam :)

and moreeeeeeeeeeeeee ...

To make it short and painful: there is no perfect trading strategy. You will have to deal with losses.

So stop hoping, and start accepting the fact that you will lose. A perfect trading system is one that makes money in the long run, not a system that makes money with every trade – that is utopia. And you will ONLY start making money ONCE you accept that you will lose money, as well. I know, old story, but if you are not profitable yet, this is one of the reasons. Deep down inside your lizard brain you still think you are better than the market and you are still looking for that trading strategy that gives you a 100% winrate.