Maybe this would provide more clarification on WHY I'm contending we are highly likely to continue with a bull trend to last week of May or first week of June.
I am always amazed by richness of your posts, sometimes several in a row just to elucidate an idea. It is not determined by the number of words; a number of authors do write paragraphs of make-believe assertions of market direction fraught with illusory correlations and post-hoc biases. To me yours is a credible system that I can make sense of that may be considered reliable and valid. Not a whole lot of TA these days can be said to be reliable and valid.
With a credible system, even if you hit some and miss some, I will still be willing to look into it and seek refinement; if a charlatan talking gibberish hit some and miss some, I know even the hits are just lucky hits. It doesn't really have to do with hit rate, much less author popularity; it has to do with the inherent reliability and validity of the system.
I do feel that we are on a bullish roll mid to long term seeing the indicators and the fact that halving is right around the corner, though I am not oblivious to the fact that the 2-3W did warp down last time than continue up after we had the $3000 pump, when the higher TF (2M) was still retracing. We have similar look here and we have 3 more days until the next 2M candle. I like to see how it will look to get a better grasp of where we are.
I would not doubt I end up making a mistake on something else in the future but that's what stop losses are for. Mistakes are also a time to LEARN to avoid making similar mistakes in the future. The important thing is to be on the right path while refining (as you suggested). There are still several things I have not mentioned and will not mention until the website goes LIVE. It's mainly to do with how to use the system in a more organized way based on the type or multiple types of trading one has the TIME to trade. Of course I will cover other things in regard to Fibonacci, money management, trading strategy and planning based on circumstances at hand, etc...
There are many PHASES of price movement (short term, mid term and long term) we have to EXPERIENCE "WHILE" USING THE INDICATORS in order to become CONSISTENT with the indicators. You are probably beginning to see it's one thing to look back in history to see how the indicators finished. Yet, it's a totally different animal when using the indicators LIVE (Present Day) as things play out.
Thanks again for your comments and continued support, Popovich!
Stay Awesome, My Friend! ; )
David
Flyn1818
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@WyckoffMode, Hi, hope this message finds you well and in good health. My brother whom you have recently granted access to your Phoenix indicator cannot stop talking about how much it's helped him with understanding the trends and I was hoping I too can have access, I hope it's not too much to ask of you :)
WyckoffMode
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@flynn1818,
Your brother sounds like me when talking to my Dad. lol
Refresh your browser to see the indicators in your “Invite-Only Scripts.” THEN watch the following video for “SETUP.”
“Setup Phoenix 1.119 Script With Phoenix Ari & Stochastic RSI.”
@WyckoffMode, Hi David, thank you so much for the access and prompt reply. My brother Sam Sari also thanks you. I'm looking forward to mastering your tool better than you lol
WyckoffMode
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@flynn1818,
Sure, you're very welcome!
Okay... SSari is your brother... Cool... ; )
As for mastering my tool better than me... You will some day, young padawan... you will... ; )
I`m new in the platform and started watching your analysis. Very well done!
I have 2 questions though:
1. where can I learn more about theses indicators you`re talking about like the white energy, red RSI, etc..?
2. Are you gonna record some some thoughts after April 31st?
Thanks a lot
Refresh your browser to see the indicators in your “Invite-Only Scripts.” THEN watch the following video for “SETUP.”
“Setup Phoenix 1.119 Script With Phoenix Ari & Stochastic RSI.”
With a credible system, even if you hit some and miss some, I will still be willing to look into it and seek refinement; if a charlatan talking gibberish hit some and miss some, I know even the hits are just lucky hits. It doesn't really have to do with hit rate, much less author popularity; it has to do with the inherent reliability and validity of the system.
I do feel that we are on a bullish roll mid to long term seeing the indicators and the fact that halving is right around the corner, though I am not oblivious to the fact that the 2-3W did warp down last time than continue up after we had the $3000 pump, when the higher TF (2M) was still retracing. We have similar look here and we have 3 more days until the next 2M candle. I like to see how it will look to get a better grasp of where we are.