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Cycles within cycles can be the key for some traders trying to find a method that
works.. The time frame one wants to operate in and the conditions that must be met
for optium trade entry can be best achieved when one finds a way to build their
system using more than one cycle at a time..Understanding how this fits with ones
perception of reality is key.
I think many traders limit their options by only using one method at a time..
e.g. the die hard Elliott waver's, or pure cycle analysis, momentum, etc.. i have
found the blending of many methods depending on market conditions works best for
me.. < kicthen sink approach >
Its always best to let market show you where it wants to go and up to each one to
follow as close as their tolerance for risk and system allows.. Why some would
want to enter as price has been falling off a cliff (other than those trying to
scalp) is beyond me ??? If one has the patience they might find letting the hrly
or (daily) make a swing change first before entering a trade...
Ira Tunik wrote:
> I think that most experienced traders realize that the markets are like the
> magic trick of boxes inside of boxes. You can go up and down time frames and
> through a myriad of up and down legs and find ABCs everywhere. The trick is
> to be able to use this information in a trading strategy that will give you a
> profitable result. The problem is that most traders don't know where they are
> or they try to trade all the cycles at the same time. You have to be able to
> take apart and reconstruct the charts so that you have an understanding of
> what they are telling you. Only then can you come up with a solution that
> will provide a profitable system to trade by.
>
> "william h. corey" wrote:
>
> > Its nice to be aware when patterns present themselves and price may
> > reverse.. But this should always (in my mind) be related to larger
> > stucture as well..
> > At present a short term bottom may be forming ?? it may not last
> > long or rally back far.. My studies at present still suggest higher
> > odd's for price dropping lower before taking out 12/19 high.. As day
> > progresses conditions may change...??
> >
> > last pic shows res levels that may halt price ??? (TWT) time will tell
> > !!!!
> >
> >
>
>
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