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maybe this can be and advise make it simpel in the begining. 1. go for a bigger timeframe not below 4 hour chart 2. pick up the trend ( which u must figure) then trade bear or bullish butterflys i like that alot and its very simpel to learn. 3 be patience when u first is in the trade u must believe what u are doing is the right decision or u can mark ur charts with abcds and only buying c in the direction of the trend let me know if u dont understand my method/strategy
sailor
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learning to change old habits is not always easy
if we have a clear defined uptrend mark low a and high b inside this area look for abcd formation buy d make and figure extension for where to take profit this area most of times take out b high if it works new higher highs will become D for profit(original area for buy level was at d but will become c when it has taken out the high) this strategy is common in the markets buy dips or sell rallyes anyway wish u all the best
sailor
__________________
learning to change old habits is not always easy
I noticed this pattern forming on the euro$ 4hr chart.
As the price is nearing the 38.2 fibo looks to be a nice a,b=c,d forming. So start looking now for reversal signal and conformation to establish an end to this current Bearish correction to the prevailing Bull trend.
Unless it drops below 38.2 thus breaking below the trend line and establishing the need for deeper correction.
Dave
edit: correct me if wrong. Can some one with more experience validate the analysis? I didn't pull measurements, just eyeballing it, as I am still learning this.
Last edited by xxDavidxSxx; 05-26-2007 at 03:37 PM.
This guys site is no longer available. Always had to have expirations on his indicators. Now there no long avail. What an a$$. He should have at least offered them for sale.
Dave
edit I have written him 2 weeks ago and no response to this day.
it seems to be more complicated as i guess before.
Linear Mode
