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Topic: Ryans' log - page 9. (Read 50750 times)

legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
September 21, 2014, 06:05:20 PM
With a little more progress made since I went to bed, I see we have 3 up and 3 down. This could turn into one of two things. Either a triangle OR a larger ABC. I have the two targets in today's chart.


A note to make would be the possibility of a close below the weekly lower BB. This is significant, and can bring with it, some pain in the market. Be careful with longs.

Bitstamp made a low below the wave-B effectively invalidating that triangle. The triangle can be drawn a little differently and the ABC is still valid, for now.
Also, when I said "This could turn into one of two things." in my last post, I misstated that. It is also still possible to have nested 1/2's. So not that the triangle or the ABC are the only two options. It was early here, I still had crust in my eyes...  Undecided
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
September 21, 2014, 08:16:59 AM
With a little more progress made since I went to bed, I see we have 3 up and 3 down. This could turn into one of two things. Either a triangle OR a larger ABC. I have the two targets in today's chart.


A note to make would be the possibility of a close below the weekly lower BB. This is significant, and can bring with it, some pain in the market. Be careful with longs.
newbie
Activity: 16
Merit: 0
September 21, 2014, 08:03:19 AM
Bitstamp's chart from 404 to 378 looks clearly like ending diagonal.

Looks nested to me
http://i.imgur.com/vJ0GbMO.png

What time zone is used for the times along the bottom axis of this chart?

Always UTC for crypto Wink


UTC is sometimes known as Zulu time.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
September 21, 2014, 07:44:13 AM
Bitstamp's chart from 404 to 378 looks clearly like ending diagonal.

Looks nested to me


What time zone is used for the times along the bottom axis of this chart?

Always UTC for crypto Wink
member
Activity: 64
Merit: 10
September 21, 2014, 06:45:42 AM
Bitstamp's chart from 404 to 378 looks clearly like ending diagonal.

Looks nested to me


What time zone is used for the times along the bottom axis of this chart?
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
September 20, 2014, 10:30:51 PM
The other day I thought my laptop was dieing, well it wasn't. But now it is... So I had to install SC onto my desktop along with collecting all my credentials for exchanges and charting and everything else, so I have had a bad day with all of this.

Now that I have it going (although I have none of my charts from this thread yet), I will say that this rise looks quite corrective and while it keeps looking like the bulls want to jump up one more level, they just can't muster the strength to do so. It's possible that we are in a ii off the 431 top from earlier.
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
September 20, 2014, 10:02:17 PM
@RyNinDaCleM

I see you are using sierracharts, but what are the names of the tools(or drawings if it made no sense) you are using to analyze the price?

Elliott Wave oscillator is the main study in this thread. Then I use Fibo retracement and Fibo projection for targets. I've modified my channel tool to include 0%, 25, 38.2, 50, 61.8, 75 and 100.

Damn, Ryan...you are goooooooooood!

Impressive history of calls in this thread. Wow.

nice call with the bull flag Ryn  Wink

Thanks guys!

EWO indicator is just 5/34 MACD for OHLC average. Can be done in SierraChart as follows (F6 -> Add MACD -> Settings):

Also you won't need the "MA" and the "Difference" lines, so hide them:

The result looks like this:

EWO helps to identify waves 3, 4, 5. Also can be used to distinguish corrections from impulses.

A good reading on EWO: http://www.esignal.com/support/advancedget/manual/eSignal_Manual_ch7.pdf

Also google for "Elliott Wave Oscillator".
Very interesting, thanks! Just getting started with learning this Elliott Wave witchcraft, and that particular indicator seems incredibly useful Smiley

It really is!
full member
Activity: 239
Merit: 100
September 20, 2014, 03:08:45 PM
EWO indicator is just 5/34 MACD for OHLC average. Can be done in SierraChart as follows (F6 -> Add MACD -> Settings):

Also you won't need the "MA" and the "Difference" lines, so hide them:

The result looks like this:

EWO helps to identify waves 3, 4, 5. Also can be used to distinguish corrections from impulses.

A good reading on EWO: http://www.esignal.com/support/advancedget/manual/eSignal_Manual_ch7.pdf

Also google for "Elliott Wave Oscillator".
Very interesting, thanks! Just getting started with learning this Elliott Wave witchcraft, and that particular indicator seems incredibly useful Smiley
newbie
Activity: 17
Merit: 0
September 20, 2014, 01:35:17 PM
EWO indicator is just 5/34 MACD for OHLC average. Can be done in SierraChart as follows (F6 -> Add MACD -> Settings):

http://i.imgur.com/ok2bhqx.png

Also you won't need the "MA" and the "Difference" lines, so hide them:

http://i.imgur.com/VmeoU5R.png

The result looks like this:

http://i.imgur.com/g4BoCXv.png

EWO helps to identify waves 3, 4, 5. Also can be used to distinguish corrections from impulses.

A good reading on EWO: http://www.esignal.com/support/advancedget/manual/eSignal_Manual_ch7.pdf

Also google for "Elliott Wave Oscillator".
legendary
Activity: 1288
Merit: 1000
Enabling the maximal migration
September 20, 2014, 11:55:00 AM
nice call with the bull flag Ryn  Wink
full member
Activity: 189
Merit: 100
September 20, 2014, 11:50:14 AM
@RyNinDaCleM

I see you are using sierracharts, but what are the names of the tools(or drawings if it made no sense) you are using to analyze the price?
I'm wondering the same. More specifically about the EWO. Can't seem to find it anywhere in Sierrachart so I'm assuming it's a custom study? If so, would you mind sharing the parameters used for it? Tongue

Care to give a very brief rundown on what "study subgraph difference" is? A quick Google search gives me the idea it might be a MACD-like momentum indicator, but based on Hull MA instead of SMA/EMA? Yes/No?

Study subgraph is just a generic term for one of the custom indicators (called studies in Sierrachart). Difference is exactly as it sounds... It's the difference between two inputs of choice. In this case, it's the difference between two moving averages.
This can also be done using MACD and the histogram would act as the "Difference".

This might help little bit.
full member
Activity: 239
Merit: 100
September 20, 2014, 11:41:27 AM
@RyNinDaCleM

I see you are using sierracharts, but what are the names of the tools(or drawings if it made no sense) you are using to analyze the price?
I'm wondering the same. More specifically about the EWO. Can't seem to find it anywhere in Sierrachart so I'm assuming it's a custom study? If so, would you mind sharing the parameters used for it? Tongue

Also for some contribution to your thread, it seems to me that, provided bulls don't suddenly give a massive push, there will be 3 concurrent bear divs on 15m which may signal a top here in $430 range.



At least I hope so. Missed the swing since I thought it'd go to $350-360 before a spike Cheesy
sr. member
Activity: 364
Merit: 250
September 20, 2014, 08:13:50 AM
Damn, Ryan...you are goooooooooood!

Impressive history of calls in this thread. Wow.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
September 20, 2014, 07:37:45 AM
@RyNinDaCleM

I see you are using sierracharts, but what are the names of the tools(or drawings if it made no sense) you are using to analyze the price?
full member
Activity: 189
Merit: 100
September 20, 2014, 06:27:05 AM
im still patiently waiting for 420+ to give my coins back to bulls, middle finger formation to 430 would be perfect =)
seems to me like ending diagonal (the v of c of (iv) ) it doesn't seem to be able to push much higher
ill give it little more time, im selling little if we go to 410

What is your cost?

cost? now we had that rise to 420+
hero member
Activity: 896
Merit: 1000
September 20, 2014, 06:08:49 AM
im still patiently waiting for 420+ to give my coins back to bulls, middle finger formation to 430 would be perfect =)
seems to me like ending diagonal (the v of c of (iv) ) it doesn't seem to be able to push much higher
ill give it little more time, im selling little if we go to 410

What is your cost?
full member
Activity: 189
Merit: 100
September 20, 2014, 03:33:29 AM
im still patiently waiting for 420+ to give my coins back to bulls, middle finger formation to 430 would be perfect =)

seems to me like ending diagonal (the v of c of (iv) ) it doesn't seem to be able to push much higher


ill give it little more time, im selling little if we go to 410
newbie
Activity: 29
Merit: 0
September 20, 2014, 03:12:10 AM
im still patiently waiting for 420+ to give my coins back to bulls, middle finger formation to 430 would be perfect =)

seems to me like ending diagonal (the v of c of (iv) ) it doesn't seem to be able to push much higher
full member
Activity: 189
Merit: 100
September 20, 2014, 02:20:11 AM
im still patiently waiting for 420+ to give my coins back to bulls, middle finger formation to 430 would be perfect =)
full member
Activity: 328
Merit: 100
September 20, 2014, 12:08:23 AM
...We seem to be making a Bull flag at the moment. It should be nearly finished. No real target for the b, but the top of (iv) is looking like $416-430 if buyers can get their bounce on. We'll see

textbook, nice call!
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