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JA
jarek
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Posts: 3,474
So the next ABCD was this nice EXP ABCD right at the line:
The bigger one I was looking for is rather gone due to three legged structure of the current decline
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The bigger one I was looking for is rather gone due to three legged structure of the current decline
JA
jarek
Rep: 94
Posts: 3,474
If it hadn't been for these 3 legs in the CD leg ...
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JA
jarek
Rep: 94
Posts: 3,474
So far it was good only for another ABCD with abcd in BC leg:
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JA
jarek
Rep: 94
Posts: 3,474
IF it breaks this last ABCD to the upside it will be an ideal buying signal for Sunday/Monday usual ride
JI
jimkane
Rep: 3,058
Posts: 33,089
That's some great chartwork, jarek. It's especially helpful to the room because as you can see, once you see the 'rhythm' of the day, which you had way back, you can play that. Imagine playing a lot of these only to the next ABCD area, with a tight trailing stop on a lower timeframe (say a 34-tick chart). How much potential did that have?
RO
roofer
Rep: 3,689
Posts: 3,574
jarek- i would like to second jim's comment... great charts... it is always nice to see a trader embrace the geometry and then master it.VERY few are willing to go the distance.
JI
jimkane
Rep: 3,058
Posts: 33,089
Very, very, very, very, very few...
That is made clear by this one observation. Imagine how many people have bought the books. I don't have exact figures, but perhaps, at best 25% ever even request to join the forum. Look at this forum. Imagine not even bothering to join, for free! Now look at how many reads the posts are getting. Again, I have no exact numbers, but maybe 10% of the people who have signed up are even reading the posts! Now look at how many are actually posting. I have no numbers, and don't feel the need to do all the work to figure them out (I'd much rather spend the time doing chart work and research), but the conversion rate from buying the books to posting in here is very low.
Imagine the conversion rate from buying the books to doing what it takes to be a 'master' with the techniques. Almost no one will do what it takes. When I say I now have 36,000 hours in this to date, less than very few understand how many hours that really is, or what kind of a sacrifice that has been for me to do that. It's less than a handful in the entire world that would be willing to do that, in my opinion.
That is made clear by this one observation. Imagine how many people have bought the books. I don't have exact figures, but perhaps, at best 25% ever even request to join the forum. Look at this forum. Imagine not even bothering to join, for free! Now look at how many reads the posts are getting. Again, I have no exact numbers, but maybe 10% of the people who have signed up are even reading the posts! Now look at how many are actually posting. I have no numbers, and don't feel the need to do all the work to figure them out (I'd much rather spend the time doing chart work and research), but the conversion rate from buying the books to posting in here is very low.
Imagine the conversion rate from buying the books to doing what it takes to be a 'master' with the techniques. Almost no one will do what it takes. When I say I now have 36,000 hours in this to date, less than very few understand how many hours that really is, or what kind of a sacrifice that has been for me to do that. It's less than a handful in the entire world that would be willing to do that, in my opinion.