I understand all about it. Bar timing or counting is not perfect. Far from it. You'll get trends, especially in stocks, that obey bar counts. And then, during the next trend, price won't obey it, at all. Plus, you'll miss reversals, which comprise a significant portion of the new trend. This is not the grail, dude. Try posting live calls and see what happens....
I have a 90%+ rate for live calls on TOS/TDA chat. For a few weeks my live calls were good 38/40 times. Most people in here seem in denial that trading is a "Game". It has a set rule-set. All human games are logical. Chess, poker, etc... And trading. Therefore they have to adhere to specific logical rule-sets. The specific ruleset the market follows is set by the 5%. Whats rather funny is the exact same rulesets set in place back in the 1930's and 40's the market still follows exactly. If you are a large player and find a small stock that nobody is running... You can shift, shape, and determine the rule-set it follows. People running penny stocks, smallcaps, etc etc... They all have specific calculated targets, dates and times... I have in the past switched trends for hours in small stocks with single large market orders. My orders only moved price like a couple cents, but other traders in the market saw the moves and went with it and switched trend direction exactly at my orders. Nobody screws with the biggest fish in the pond except a bigger fish.
Why not start a journal here, then? I looked at bar counts/timing, and for stocks, it's nice. But other instruments? I don't think it's doable. But if you think you can teach me something, I'd be more than happy to take another look...
Wide Tailz, little tip... Your supposed to buy the bottom, not the breakout. If the move isn't what you thought it was just sell for a slight profit and try the next one. As long as you buy the exact bottoming area you can reposition if the next wave cycle isn't as strong as expected.
There's a lot of truth to what you say, however, I doubt the rules are as hard and fast as you suggest. Care to open a journal? Where can I witness these live calls?
Maybe you should stick to generic and ambiguous insights to the market because it's clear you don't know shit about blackjack or casinos. What you say is already obvious. Buy the bottom and sell the top and markets are rhythmic. Thanks for the pro tips......
Come on now, this guy is obviously a genius. He knows how to count bars and therefore knows everything that is needed to know. And to think, i wasted all that money on a M.S. in computational finance when I could of been counting bars. Don't make the same mistake as me