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Old 10-20-2009, 01:28 PM
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Sweet Pip Sweet Pip is offline
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I've been using fib patterns...butterflies & gartleys mostly. The base pattern of them is the AB=CD which I gather is an element of the Elliott wave theory? Are you saying I should focus more on the symmetry of price & time of their swings and not so much on what fib levels they measure to? Then once I have "my" pattern, then figure out what the best probability it projects for a risk/reward target using parts of this & that that I have learned thus far?

I'm thinking that perhaps when it comes to common sense for many newbies, telling them to use it kinda leaves them hanging out to dry because it's common for us to not have a sense of the market quite yet...lol. That's why we're here...to get some. So if this is more of an exercise in getting there, I hope you plan to spell it out a little more at a level the majority of your audience is at.



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