Posted by xxkumarxx on 3rd of Jan 2022 at 11:45 am
Great video matt. Couple of questions.
1) When you are measuring how far do you go back.
2) If you have multiple legs of varying size do we have
probability on which would be best fit.
3) How many times does a symmetry move repeats is there a
most common number like (3, 5, 8)?
4) have you or anyone done any imperial analysis as to
how often they are successful.
I am trying to find a symmetrical move but finding it hard to
find one that matches in real time. It would be great if we
can incorporate that in to newsletters like symmetry projections
for let we are in.
1 - symmetry is relative to the trend and time frame you are
following so like Einstein would say, it's relative. When I look at
the 5 min SPX I'm generally looking for symmetry moves that day. a
30 or 60 min might be 15 - 30 days, a daily will depend, and so
will a weekly. No one answer here - observe the trade you are
monitoring relative to that time frame
2. not really - one thing I showed is that price many times will
follow multiple symmetries not just the largest one. Also what I
didn't discuss in that video much is that generally I count
symmetry with respect to 1 wave so like an A wave or C wave vs the
whole ABC zig zag move
3. it just varies and honesty it's going to follow whatever wave
count structure ends up unfolding whether it's a simple ABC zig zag
or a 5 wave uptrend or a 5th wave extension etc.
4. I've followed it for years, it works very well. and while
we'll monitor a break in symmetry, most of the time symmetry is not
broken and is best used for price targets and a tool for places to
buy and sell.
again what I suggest is that you take various charts and
practice mocking them up. It takes time to start understanding it
and practice to calibrate the eye. There's some art too it just
like all TA.
as far as newsletters I'll be adding it to more charts and
commenting on it
Great video matt. Couple of
Education Video on Symmetry!
Posted by xxkumarxx on 3rd of Jan 2022 at 11:45 am
Great video matt. Couple of questions.
1) When you are measuring how far do you go back.
2) If you have multiple legs of varying size do we have probability on which would be best fit.
3) How many times does a symmetry move repeats is there a most common number like (3, 5, 8)?
4) have you or anyone done any imperial analysis as to how often they are successful.
I am trying to find a symmetrical move but finding it hard to find one that matches in real time. It would be great if we can incorporate that in to newsletters like symmetry projections for let we are in.
in answer to your questions: 1
Posted by matt on 3rd of Jan 2022 at 01:51 pm
in answer to your questions:
1 - symmetry is relative to the trend and time frame you are following so like Einstein would say, it's relative. When I look at the 5 min SPX I'm generally looking for symmetry moves that day. a 30 or 60 min might be 15 - 30 days, a daily will depend, and so will a weekly. No one answer here - observe the trade you are monitoring relative to that time frame
2. not really - one thing I showed is that price many times will follow multiple symmetries not just the largest one. Also what I didn't discuss in that video much is that generally I count symmetry with respect to 1 wave so like an A wave or C wave vs the whole ABC zig zag move
3. it just varies and honesty it's going to follow whatever wave count structure ends up unfolding whether it's a simple ABC zig zag or a 5 wave uptrend or a 5th wave extension etc.
4. I've followed it for years, it works very well. and while we'll monitor a break in symmetry, most of the time symmetry is not broken and is best used for price targets and a tool for places to buy and sell.
again what I suggest is that you take various charts and practice mocking them up. It takes time to start understanding it and practice to calibrate the eye. There's some art too it just like all TA.
as far as newsletters I'll be adding it to more charts and commenting on it
thank you matt. Love your
Posted by xxkumarxx on 3rd of Jan 2022 at 04:05 pm
thank you matt. Love your work.
thank you, really appreciate the
Posted by matt on 3rd of Jan 2022 at 07:57 pm
thank you, really appreciate the feedback!