I've learned to sit out certain periods being around you guys
here. Waiting for one of those strong waves to trade (wave 3) or a
reversion to mean system trade signal. I often take notes and it
does sink in over time, then I apply to my plan.
Sometimes I literally can't figure out where we are in the
waves. It usually seems like it is not clear until it is already
well in progress where we are.
It takes alot of experience (YEARS) - just like when I walk into
a Art Gallery with 1000 paintings on the wall - I have no idea
which painting is worth $1000 or $100,000
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You weren't kidding when talking
SPX Fibs
Posted by fundamentalvalues on 20th of Oct 2022 at 11:24 am
You weren't kidding when talking about this being a more complex pattern, chop city
Yes more complex FOR SURE
Posted by steve on 20th of Oct 2022 at 11:32 am
Yes more complex FOR SURE and thus I tend to AVOID trading the indices and prefer to focus on SELECT NAMES
Choppy areas, hope to get
Posted by apple on 20th of Oct 2022 at 12:31 pm
Choppy areas, hope to get a system trade soon.
I've learned to sit out
Posted by fundamentalvalues on 20th of Oct 2022 at 11:34 am
I've learned to sit out certain periods being around you guys here. Waiting for one of those strong waves to trade (wave 3) or a reversion to mean system trade signal. I often take notes and it does sink in over time, then I apply to my plan.
Very WISE - the main
Posted by steve on 20th of Oct 2022 at 11:38 am
Very WISE - the main purpose of mapping is to identify a potential Wave 3 or C (those are the premier waves to trade)
Wave B's are notorious for making fool's out of traders (me very much included)
Sometimes I literally can't figure
Posted by fundamentalvalues on 20th of Oct 2022 at 11:41 am
Sometimes I literally can't figure out where we are in the waves. It usually seems like it is not clear until it is already well in progress where we are.
It takes alot of experience
Posted by steve on 20th of Oct 2022 at 11:44 am
It takes alot of experience (YEARS) - just like when I walk into a Art Gallery with 1000 paintings on the wall - I have no idea which painting is worth $1000 or $100,000