myself (OP)
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chaos is fun...…damental :)
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December 04, 2012, 08:16:48 PM |
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if today we close above 13.10 i was wrong and plain ABC correction remain the alternative
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Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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proudhon
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December 04, 2012, 08:52:42 PM |
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After about a year and half of watching people do these ABC 123 wave analyses I'm pretty confident it's utter horse shit.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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ajk
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December 04, 2012, 08:57:12 PM |
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+1 Im confident that I heard somewhere that the only people making money of tech analysis are the ones that are selling it
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myself (OP)
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Activity: 938
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chaos is fun...…damental :)
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December 04, 2012, 09:03:22 PM |
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 the levels are there now is decision time  |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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byronbb
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HODL OR DIE
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December 04, 2012, 10:10:58 PM |
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+1 Im confident that I heard somewhere that the only people making money of tech analysis are the ones that are selling it
Or trading against it when the time is right.... |
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JohnGalt
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Who is John Galt?
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December 05, 2012, 06:38:23 AM
Last edit: December 05, 2012, 06:52:00 AM by JohnGalt |
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Regarding your second graph. The price is still up at B when it should be down at C. Where did you go wrong? Elliott Wave theory eh?
Why do the call it Elliott Wave Theory? It's not really a theory. At best, it is speculation. Really, it is an textbook example of confirmation bias (look up "Street Light Interference"). It should be called Elliott's Cocaine Hallucination, or Elliott (Wouldn't It Be Great If The Whole Universe Could Be Condensed Into One Simple Equation?) Wave Theory, or Elliott Wave ... Hey There Are Fairies Dancing In My Garden! |
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myself (OP)
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Activity: 938
Merit: 1000
chaos is fun...…damental :)
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December 05, 2012, 06:52:41 AM |
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Where did you go wrong?
https://i.imgur.com/bUHUI.png the orange trend line come from 32 top what it was resistance is now support if we go below that can be considered a trow off but i need to go quickly below and with heavy volume |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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mobodick
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December 06, 2012, 03:59:24 PM |
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Regarding your second graph. The price is still up at B when it should be down at C. Where did you go wrong? Elliott Wave theory eh?
Why do the call it Elliott Wave Theory? It's not really a theory. At best, it is speculation. Really, it is an textbook example of confirmation bias (look up "Street Light Interference"). It should be called Elliott's Cocaine Hallucination, or Elliott (Wouldn't It Be Great If The Whole Universe Could Be Condensed Into One Simple Equation?) Wave Theory, or Elliott Wave ... Hey There Are Fairies Dancing In My Garden! LOL. had that one night. Cycling along a long street and 4 consecutive street lights went out as i passed them. I was completely spooked. In my case it would be pretty unlikely for four lights to switch off in such a short time. I susspect either a practical joke or faulty wiring. But yeah, confirmation bias is real and it messes with what you think is real. Elliot waves are bias on steroids. |
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TraderTimm
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December 06, 2012, 06:08:21 PM |
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Regarding your second graph. The price is still up at B when it should be down at C. Where did you go wrong? Elliott Wave theory eh?
Why do the call it Elliott Wave Theory? It's not really a theory. At best, it is speculation. Really, it is an textbook example of confirmation bias (look up "Street Light Interference"). It should be called Elliott's Cocaine Hallucination, or Elliott (Wouldn't It Be Great If The Whole Universe Could Be Condensed Into One Simple Equation?) Wave Theory, or Elliott Wave ... Hey There Are Fairies Dancing In My Garden! LOL. had that one night. Cycling along a long street and 4 consecutive street lights went out as i passed them. I was completely spooked. In my case it would be pretty unlikely for four lights to switch off in such a short time. I susspect either a practical joke or faulty wiring. But yeah, confirmation bias is real and it messes with what you think is real. Elliot waves are bias on steroids. That was my point, essentially. Too subjective to be of any real use. |
fortitudinem multis - catenum regit omnia
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JohnGalt
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December 07, 2012, 06:47:15 AM |
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LOL. had that one night. Cycling along a long street and 4 consecutive street lights went out as i passed them. I was completely spooked.
In my case it would be pretty unlikely for four lights to switch off in such a short time. I susspect either a practical joke or faulty wiring.
But yeah, confirmation bias is real and it messes with what you think is real.
Elliot waves are bias on steroids.
I watched a series of videos on Youtube where a guy was showing how he could turn a porch light on and off by walking underneath it. He did pretty well, although it wasn't perfect. Anyway, I timed the light and found that it turned on for 30 seconds and then off for 60 seconds every time, over and over. I guess he didn't realize that he had trained himself to walk under the light for 30 seconds and then walk away for 60 seconds. |
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mobodick
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December 07, 2012, 02:48:16 PM |
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LOL. had that one night. Cycling along a long street and 4 consecutive street lights went out as i passed them. I was completely spooked.
In my case it would be pretty unlikely for four lights to switch off in such a short time. I susspect either a practical joke or faulty wiring.
But yeah, confirmation bias is real and it messes with what you think is real.
Elliot waves are bias on steroids.
I watched a series of videos on Youtube where a guy was showing how he could turn a porch light on and off by walking underneath it. He did pretty well, although it wasn't perfect. Anyway, I timed the light and found that it turned on for 30 seconds and then off for 60 seconds every time, over and over. I guess he didn't realize that he had trained himself to walk under the light for 30 seconds and then walk away for 60 seconds. Typical, those pesky brains fooling ourselfs... BTW, i know all this because i produce music as a hobby. When creating music confirmation bias becomes really, realy apparent. I don't think there is any serious sound engineer that has not, at some point, tweaked a device, heared the change and then realized the device is not connected. But that is just one example. There are tons of examples, and that's just the onses concerning experiencing sound. All our senses are routed through our predictive parts of the brain before being fed to our consiousness. We usually only experience a change to the world if the change is sufficiently unlike our prediction of how it should be. |
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