Posted by DigiNomad on 20th of Mar 2024 at 04:41 pm
Just checking. Wasn't positive. Your response does make me
wonder whether it's safe to count using just the the MA ribbon. It
seems to clear up the mess a lot of times...like using IR to see
through dust clouds in outer space. However, you wouldn't see
a triangle if just looking at a MA ribbon.
MA ribbon for wave count? eh I'd just use it for watching
for periods of pinching or when it's too wide. you can also
see 3 wave abc pullbacks sometimes as well when you see the 4 color
change - see the text on the chart
Posted by DigiNomad on 20th of Mar 2024 at 04:59 pm
It seems like you're contradicting yourself. You approve of
using it to spot ABC's, but not the other types of EW patterns?
If you use it to spot ABC's, logic would suggest you can also
use it for broader EW analysis.
Also, I 100% got the idea of using it to count waves from
you. You have posted many times about a break of the cycle
indicator being the start of wave 3 (not always but it's typically
either wave 3 or 5 unless it's a reversal / trap, then it also
happens on wave 1)
the KISS system also uses it to identify ABC's. But that's
it, I don't use it for the other wave patterns like 5 waves and
other crap even though I'm sure you can see those patterns
sometimes. Again I just try to keep it simple
otherwise the most use case is the pinching of widening of the
BPT MA from the ribbon
Posted by DigiNomad on 20th of Mar 2024 at 05:06 pm
I'm all in with simplicity. Lately trying to keep it to cycles
and MA ribbon plus the 21 EMA as a trigger (on all timeframes).
Even on the 10 sec, one of my favorite TF's, I've had a lot
of success using the ribbon and cycles to determine where I am in
the count and thentrade more or less aggressively depending on the
wave position (wave 3 is my favorite place to go big).
it's a useful set a tools - like anything the more you use it
and look at it calibrating your eye getting used to how it behaves,
you get better and better at using it as a tool
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Correct
SPX 2 hour - this actually looks like a likely ...
Posted by steve on 20th of Mar 2024 at 04:38 pm
Correct
Just checking. Wasn't positive. Your
Posted by DigiNomad on 20th of Mar 2024 at 04:41 pm
Just checking. Wasn't positive. Your response does make me wonder whether it's safe to count using just the the MA ribbon. It seems to clear up the mess a lot of times...like using IR to see through dust clouds in outer space. However, you wouldn't see a triangle if just looking at a MA ribbon.
MA ribbon for wave count?
Posted by matt on 20th of Mar 2024 at 04:57 pm
MA ribbon for wave count? eh I'd just use it for watching for periods of pinching or when it's too wide. you can also see 3 wave abc pullbacks sometimes as well when you see the 4 color change - see the text on the chart
It seems like you're contradicting
Posted by DigiNomad on 20th of Mar 2024 at 04:59 pm
It seems like you're contradicting yourself. You approve of using it to spot ABC's, but not the other types of EW patterns? If you use it to spot ABC's, logic would suggest you can also use it for broader EW analysis.
Also, I 100% got the idea of using it to count waves from you. You have posted many times about a break of the cycle indicator being the start of wave 3 (not always but it's typically either wave 3 or 5 unless it's a reversal / trap, then it also happens on wave 1)
the KISS system also uses
Posted by matt on 20th of Mar 2024 at 05:01 pm
the KISS system also uses it to identify ABC's. But that's it, I don't use it for the other wave patterns like 5 waves and other crap even though I'm sure you can see those patterns sometimes. Again I just try to keep it simple
otherwise the most use case is the pinching of widening of the BPT MA from the ribbon
I'm all in with simplicity.
Posted by DigiNomad on 20th of Mar 2024 at 05:06 pm
I'm all in with simplicity. Lately trying to keep it to cycles and MA ribbon plus the 21 EMA as a trigger (on all timeframes). Even on the 10 sec, one of my favorite TF's, I've had a lot of success using the ribbon and cycles to determine where I am in the count and thentrade more or less aggressively depending on the wave position (wave 3 is my favorite place to go big).
it's a useful set a
Posted by matt on 20th of Mar 2024 at 05:11 pm
it's a useful set a tools - like anything the more you use it and look at it calibrating your eye getting used to how it behaves, you get better and better at using it as a tool