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very interesting, thxkoolblue wrote:the initial thrust gives the price projections...
FOR INSTANCE... todays low 133.12 and that bar had its high at 133.28(this is a very conservative one bar projection.. the bare bones minimum expected) thats a move of .16 and 1.618x.16= 25.8,call it .26. so add that to the start of the move(133.12) and 133.12 plus .26=133.38. I posted that first resistance would likely be 133.38 and BINGO! A DECLINE AFTERWARD..GO BACK AND LOOK!.. then 2.618x .16=.42 and 133.12plus .42=133.54! NOW IF YOU TAKE THE ENTIRE INITIAL MOVE 133.12 TO 133.38 thats a move of .26 and 1.618x .26=.42 and add to the start of the move=133.54! the 2.618 = 133.80.. theres a lot more to it ,but that is the bare bones basic theory.BullBear52x wrote:very interesting, thxkoolblue wrote:the initial thrust gives the price projections...
This is COOL!koolblue wrote:FOR INSTANCE... todays low 133.12 and that bar had its high at 133.28(this is a very conservative one bar projection.. the bare bones minimum expected) thats a move of .16 and 1.618x.16= 25.8,call it .26. so add that to the start of the move(133.12) and 133.12 plus .26=133.38. I posted that first resistance would likely be 133.38 and BINGO! A DECLINE AFTERWARD..GO BACK AND LOOK!.. then 2.618x .16=.42 and 133.12plus .42=133.54! NOW IF YOU TAKE THE ENTIRE INITIAL MOVE 133.12 TO 133.38 thats a move of .26 and 1.618x .26=.42 and add to the start of the move=133.54! the 2.618 = 133.80.. theres a lot more to it ,but that is the bare bones basic theory.BullBear52x wrote:very interesting, thxkoolblue wrote:the initial thrust gives the price projections...
... see? not a bad call so far! i think i got that from a 10 min chart...cant remember!koolblue wrote:small resistance expected here at 133.46, but still looking for 133.54 later with 133.80 not out of the realm of possibility...
cool stuff!koolblue wrote:... see? not a bad call so far! i think i got that from a 10 min chart...cant remember!koolblue wrote:small resistance expected here at 133.46, but still looking for 133.54 later with 133.80 not out of the realm of possibility...
..imho, there is an exact mathematical structure to the markets(or in reality, the physics of the way our brains are wired and indeed the whole universe) that we are only beginning to understand! Credit Prechter for hittting on the fib sequence and its importance in life! Unfortunately, i never could use Elliot waves in trading as it is too subjective (too many alternate counts) and fib retracements dont seem acuurate real often.. but the proprietary extention theory i laid out(i call it Kools Tools) is the single best thing ive found in 25 years of being a student of the markets...like i say there is a lot more to it, and several rules but in a nutshell it works on any market, any time frame and can be a useful tool to compliment whatever method one is currently using... [/quote]koolblue wrote:This is COOL!
and we have a BINGO!!! out at 133.50 on the second half!koolblue wrote:..That all depends on your timeframe .. if your holding for a few days you should be short from 133.80-134.00 for a short decline.. I am a very short term daytrader and im long here from 133.15 , exited half at 133.37 ,looking for exit of 133.50(expecting 133.54) on the rest.AK84 wrote:is the short term trend down now ? or are we still buying the dips ?
helpppp . getting crushed on some longs today
Koolblue,koolblue wrote:and we have a BINGO!!! out at 133.50 on the second half!koolblue wrote:..That all depends on your timeframe .. if your holding for a few days you should be short from 133.80-134.00 for a short decline.. I am a very short term daytrader and im long here from 133.15 , exited half at 133.37 ,looking for exit of 133.50(expecting 133.54) on the rest.AK84 wrote:is the short term trend down now ? or are we still buying the dips ?
helpppp . getting crushed on some longs today
..well, friend so do i! i use a 5 period rsi or the 10 period williams% r and other little tricks(for instance 7 waves, not Eliiot 5's) .. but im going to sign off now ..i tend to post too much!! Cobra my good friend, and fellow snake.. my apologies for dominating the posting this morning!uempel wrote:Koolblue, I'm impressed by your calculations. I tend to apply visual tools, I guess it's force of habit:
Don't say that, you're very very very very (insert 100 very here) welcome to post here!koolblue wrote:..well, friend so do i! i use a 5 period rsi or the 10 period williams% r and other little tricks(for instance 7 waves, not Eliiot 5's) .. but im going to sign off now ..i tend to post too much!! Cobra my good friend, and fellow snake.. my apologies for dominating the posting this morning!uempel wrote:Koolblue, I'm impressed by your calculations. I tend to apply visual tools, I guess it's force of habit: