Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME .
It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality.
Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME.
Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick .
FOR CHARTS, PLS VIEW OUR BLOG
http://chrissyconn.blogspot.com/
bonarda ... try to use channeling techniques from elliott and jeffrey kennedy !! esp the one from JK, they are amazing - base channel / acceleration channel and deceleration channel :)
connie, on the general EW fb guide, in the ABC, do the fibo follow the same rule like 12345? example,
wave 2 is normally 0.5 / 0.618 of 1 (can we apply this to B?) wave 3 is normally 1.62 / 2.62 of 1 (can we apply this to C?) wave 4 is normally 0.382 / o.618 of 3 wave 5 is normally end above end of 3 or at least flat
hope u understand my question. btw, i am asking on general wave length..i know the zigzag, flat, leading diagonal, ending diagonal thingy will have different structure.
Posted by connie > Dec 5, 2016 03:40 PM | Report Abuse
bonarda ... try to use channeling techniques from elliott and jeffrey kennedy !! esp the one from JK, they are amazing - base channel / acceleration channel and deceleration channel :)
twobits .. there u go on 5m :- 1) wave C of expanded flat ended at 22509 (161.8F of wave A - i think i computed 22500ish last friday) 2) then my brand-new wave A from 22509 to 22708 3) wave B from 22708 to 22380 4) wave C in progress ** p/s - this entire ABC structure can be your X connective yes ???
Dec 5, 2016 10:29 AM | Report Abuse 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)
EVEL, if u r also learning..some links for u to refer. i read some of them several times...but need more practice still..dare not to mention mastering them..haha
twobits ... on hindsight, the expanded flat WAVE C 5-waves structure cud have ended at 22380 (not 22509) ... and we start the rally from 22380 as wave A (either 5-waves or 3-wave structure depending on the pattern again) !! are u cool with this ?? :)
bonarda .. better don't catch up in case our subwaves count mess up your HTF waves :) can be very confusing and there are so many variations when it comes to corrective waves ... but no choice if want to play intra-day :(:( maybe one day i shud thoroughly look at fkli .. but then again, this one is 'closed-door' management ... will there be legit elliott waves pattern that needs mass psychology to form ?? hmmm
but anyway sometimes i like to be mess up, it gives a better and holistic view. if confuse, then stay out..else...it's very risky to trade when we r confuse but also not looking at the holistic view.
how u all play h97 / fkli ???? i look at fkli :- 1) higher range boundary - 1640 2) lower range boundary - 1609 3) price now at 1628 4) say cut 1640 - risk = 12 5) say take profit 1609 - reward = 19 6) RRR 1.6 (this ratio can give a good run on h97 or not ??)
abangadik .. i am always confused with this priced-in thingy :) however, the EW advocates always say pattern precedes news .. news / event may cause a very short-term volatility but the underlying pattern shall prevail in the end !!!
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Posted by Christine Goh > 2014-03-11 21:40 | Report Abuse
Dear frens and forummers, i set up CHRISSYCONN to share our trading and investing ideas. We shall start afresh in this new place WE proudly call HOME . It is our dream to become a Successful Trader as well as a Super Investor. To make our dream comes true, we embrace TA, FA and a business mentality. Yes, we will be stressful pursuing our dream .... so ps feel free to share your humour with us so long as IT IS not offensive to anyone in this HOME. Lastly, we would like to remind everyone to trade / invest at own risk should u choose to buy our stock pick . FOR CHARTS, PLS VIEW OUR BLOG http://chrissyconn.blogspot.com/