You should read his messages twice, It didn't offer any help, he was selling his science, nothing else, I tried to tell him diligently that I was not trading Elliot but C&H but still insisted that I was blind, etc, etc, etc. So now, for those that still don't get it, this is a JOURNAL, it's in the JOURNALS section where I just record my trading publicly, nothing else, so why bother or offer anything when I'm asking for nothing ? Why trying to convince me of anything else when I just want to try my thing being it wrong or right ? You like it and you could grab something interesting for you ? Then fine, you don't like it ? then continue your way, I ask for nothing, these are the only dynamics here.
I don't want to throw rocks at you because you are trying to help OP. It seems to me history always looks crystal clear after?
To be a good trader, you really need an open mind. How do you know his "science" won't help you? How do you know Elliot and C&H cannot co-exist? And he is not selling you anything, perhaps he is preaching/coaching? Yes, it is a journal but we are simply trying to lend you a hand. If you don't want any help, you can simply stated that in your OP and most of us will honor it and simply get on board and enjoy the ride. Those pests? You put them on ignore. Best to you.
What??? Have I ever posted a chart that isn't projecting forward price? As far as I know you still can't trade in the past right? The charts below that aren't projecting a future price were just to demonstrate to the op that his C&Hs weren't technically sound...and that they are only part of EW structure. How can you trade them if you don't understand that structure?
cup and handle being formed... only handle is very small second yellow line is the ultimate target... intermediate target is 5655..
You guys are clueless as I just explained cup and handles technically don't even exist. They are just a part of the Elliott wave structure. So if you don't understand the EW structure you won't understand cup and handles. I posted charts with examples
P look at my post and it shows you that a cup and handle is just part of the Elliott wave structure. So technically trying to trade a cup and handle by itself doesn't make any sense if you don't understand the structure which is why you guys have no idea when they fail and when they don't.
For me that one is not valid but it doesn't mean that it's not valid in absolute. You will find that kind in the literature and examples on internet, kind of reversal as you have a down trend prior to it. I just don't trade those, in short, my setups are continuation structures, this means that I trade LONG a C&H, only if there was a previous up trend of minimum 25% from a previous base and I talk of course in the context of Stocks, I don't know if that can apply to ES trading... also, again in my context, the handle should last 5 bars (it's a minimum) but I have also seen some with less than that working well, so nothing is engraved in stone...