Slt, if you are confused maybe look at your monthly Stochastic.....and also to raise your eloquence maybe you check the meaning of the word "brown-nosing"...good luck with your trading.

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ST, at what price level would you consider yourself wrong?

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Sossos, I haven't read the cited book but I am familiar with the importance of #3 in TA just like you mentioned. Often I mark on my charts 3rd touch of the TL to warn of possible bounce off.....I use EW and harmonic patterns only to find PRZ's where ...

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Sossos, In my trading, I use only the basic rules of EW Principle, knowing that count can be different when new data is printed on the chart, the most important thing is to recognize when the count is invalidated.

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MM, you are absolutely correct...I referred to Moty's labeling .........we should always assume that another scenario might be in play. W:1 can have 3 subwaves and then the different count would be required...

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guidelines for the end of W:5

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Beyfor, I am a big fan of your work and read your posts with the great interest.... can you reveal why have you chosen 1.1490 as the possible invalidation level of the bearish scenario?

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Slt, you are a day trader and you make your decision based on monthly stochastic indicator....did I get this right?

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RC trader, I have read your analysis, it is awesome, not because it matches my but mainly because I know where are you coming from... also, we know where we might be wrong...respect...

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Like in Nike commercial "Impossible is nothing".......stay tuned...

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I thought you covered at 1.1420 my bad, sorry.....

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Moty, did you have fun today?...congrats....as long as TL holds and the pattern of HH-HL is valid on my setup chart (15M) anything is possible...Always trade your plan..

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the second leg of zig-zag, are we going to get there? time will tell.....

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NY Open is a b(i)atch.....Always trade your plan.

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I am done for today......I wait for potential (b) bc I got out of my short at 1.1360 (potential end of (iii))....if I miss the move so be it,... not the first time and for sure not the last.

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I've been familiar with R.Minor work since 1999 when he published his work in a binder: "Dynamic Concepts in Time, Price and Pattern Analysis with practical strategies for traders and investors" I haven't taken his course,...Robert Fischer also uses ...

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Yeah, I am the disciple of Robert Minor and Robert Fischer, I have also read Prechter's book maybe 10 times and understand already 50% of it..lol (seriously)

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I got you Sossos, for you today's high is the end of the correction, taking the time under consideration I came up with the count that today's high is an only first leg of zig-zag 5-3-5...I am not saying this is "the case" bc W(a) might not even be ...

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Sossos, possible, but for now I will stick with this count until proven otherwise...it served me well today ...my saying is that another scenario might be always in play, I keep my mind open remembering this adage.

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just the remainder...if this is the case (1-2-3-4-5) what can happen next?....time is also important.

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