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princey37

4,752 Posts.

626

16/10/24

16:06

Post #: 76151416
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Originally posted by W3hunter: ↑

@princey37 @**e1213 @BoZz ..All this time I`ve been mistaking the 5th wave for the 3rd wave..this is largely because w1 and w2 are a bit too obscure (for me) in the bottom of the chart so I tend to dismiss them..the 5th wave is for CRs which makes sense, (ENV, MAY etc) because its the most public of the waves.. great for distribution!, the start of wave 3 however is actually pretty quiet in comparison..but now I know how to confidently get that small wave 2 retrace (the old 62% break and back test!)..and I think this addition to the system/template actually defines the real wave count which now is also great for the 1.618 projections and sell target!.. I`m sure you princey will be able to verify what wave this one actually is, (its a w2 of some sort) that would be really helpful...so basically when we`ve seen a wave1 come up and through the Golden Cross we look back from the top of that wave to find (for want of a better term) the 12 month high and start the grid there. wave 1 should always be a little bit higher than this 12 month high..then buy the quick dip down to 62% on the grid (this is the old "break and back test") this is the wave we want!..not the later ones imo..notice in particular NYR here..up 40% or something today..based on this I`ve been squireling away lots of ESR last 2 days! View attachment 6540099 View attachment 6540102 View attachment 6540105 View attachment 6540108 View attachment 6540111 View attachment 6540114 View attachment 6540117 View attachment 6540120

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Holy $hit, I think you've just given me a 100% systematic set of rules that can be programmed and back tested!
I going to have to take a few days off to look at this!
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