Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level( PFL )":
Alpha > Beta > Delta > Echo > Gamma > ( Secret???? )
Explanation PFL:
-------------------------------------
Current Delta patterns:
Possible forming pattern: DT has 1st confirmations on resistance and support levels.
Current Echo patterns:
FBW
Current Gamma patterns:
AC
Today's Note:
Looks like this thing going to become a another FBW. Need confirmation of support to confirm. But it's highly likely happen, like the one that happen not so long ago. It's almost new year I wonder what the new year will bring. More updates during the day.
To be concluded...
Current Targets:
Exit short position / Entry long position target: $6.6K region.
Entry long position target: $6.2K region.
Tip: Overnight positions not worth it.
-------------------------------------
Epilogue:
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
- Dashed lines; Possible forming patterns
- Solid lines; Confirmed patterns / Support or Resistance
- Dotted lines; Possible price-action trajectories / wave trend
- Light colors = Support / Dark colors = Resistance
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level( PFL )":
Alpha > Beta > Delta > Echo > Gamma > ( Secret???? )
Explanation PFL:
- Alpha; ST / Bullish Pennant pattern formation, a.k.a. "The End Game", a.k.a. "The Big Long". (Daily and higher time-frames)
- Beta; Most recent relevant and biggest forming pattern within The Alpha forming pattern. FW / DC. (4-24 hour time-frames)
- Delta; Most recent relevant forming patterns within The Beta pattern. (4-8 hour time-frames)
- Echo; Most recent relevant forming patterns within The Delta pattern. (1-4 hour time-frames)
- Gamma; You get the picture... (10-60 min. time-frames)
- Secret Level; Do not thread these treacherous waters. Only for master level TA skills. (10 min. and lower time-frames)
- Eventually the PFL's are all connected. Gamma patterns combines into Echo pattern and Echo patterns combines into Delta patterns etc. Until the Alpha patterns has been formed. I'm not calling it just the Alpha for dominance in size. For as this pattern, is, the Alpha and Omega. Which will start a new market cycle and end the current one. By inserting pattern formations in the PFL as parameter. This makes it easier keeping track of which pattern formations are relevant to the current TA and entry or exit strategies. It might be hard to learn, but it is certainly easy to master.
I'm a programmer and I like playing chess. As result to my TA, I like to look ahead as far as possible. This is only doable if you have reasonable reliable trends to follow. That's why I came up with this system. In time, as I gain experience in the markets. My TA skills evolves and in parallel with my systems and indicators.
-------------------------------------
Current Delta patterns:
Possible forming pattern: DT has 1st confirmations on resistance and support levels.
Current Echo patterns:
FBW
Current Gamma patterns:
AC
Today's Note:
Looks like this thing going to become a another FBW. Need confirmation of support to confirm. But it's highly likely happen, like the one that happen not so long ago. It's almost new year I wonder what the new year will bring. More updates during the day.
To be concluded...
Current Targets:
Exit short position / Entry long position target: $6.6K region.
Entry long position target: $6.2K region.
Tip: Overnight positions not worth it.
-------------------------------------
Epilogue:
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
Yorum:
Kind of expecting and waiting something similar. But past performance, doen't have to be future results. Although this occurrence is highly likely to happen.
