Recent content by cheater

thanks Sive!

Hi Sive, Would you be able to show the Elliot waves on the chart? I'm trying to figure out where you see the 5 waves of it. Thanks

i'm all for it Mr Sive. my broker does sentiment trading statistics too but not very accurate though. How would you plan to do it? Count me in!

Many thanks Sive! :)

Does anyone follow GBP/USD here? Anyone can advise what is the support and resistance of GBP/USD? I see 1.6120-1.6125 seems very strong?

AUD consolidation looks to hold 1.0315 well too

Seems possible and i'm also pretty bias on this upmove. Previous retracement from 1.30-1.33 has also shown the support in place of this trend line. In fact i have entered a small LONG position at 1.30 to trace this upmove :D

ah thanks for the detailed explanation Damian! Great to have another lesson learned in FPA!

Hi Sive, can explain why is it butterfly sell since we are looking at a rebound in the butterfly pattern?

Nice work! Never seen you in action for a while, welcome back! :cool:

seems like market has swiftly reached 50% retracement on daily, maybe 61.8% soon? Mr Bull might have died?

ah that will be a good start for me! thanks Sive! ;)

So i can say that it is entirely judgemental based on the respective factors and indicators, price action etc. No specific rules or references to dictate what retracement level will be

oh in simpler words, what i meant was that given 2 points, swing high and low, how do we judge how deep the retracement "should" go to, be it 38.2, 50.0 or 61.8 or even 100%?

Hi Mr Sive, A quick question. I'm not sure if this is found in Dinapoli's book (have yet to finish reading it). I have been trying to study historical intraday charts and understanding the correlation of depth of retracement vs depth of price movement and price action. Is there a rule of thumb...