We left off yesterday in Bear Zone 1 with a Red Tail and a new lower low finishing off the Primary wave structure.

Now the Bulls have done exactly diddly squat with their 9 hours, so we can call Time Up on them and look to ride the Secondary wave structure lower.

The volatility whip that came out of the lower low should had provided the base for a Wave 1 up. It didn’t. The second high expanded the range a bit, but by less than 5 pips, so it is a failure. 9-10 pips would had been a break out.

There is an abyss below, and it is the path of least resistance, so what is the holdup?

The problem is that there is no root. You would need to see a continuation divergence for the kick start of the next wave structure down.

You would ideally want to see a rally falling shy of the marked high whilst RSI2 becoming more overbought and falling shy of the descending Mr. Maroon if possible. Right around the thick green Lower Guard Rail.

In conclusion I would be scaling into shorts from 1.1028 and stop shorting before 1.1031 and would feel utterly dumb if the Market Makers let this rally slide through Mr. Maroon and throw all passengers off board.

If for some reason there would be a lower low first, fade that (refer to the support levels), and add to your shorts upon breaking the low if the perceived higher high (the short entry) would get printed.

The ultimate target would be the 3x stretch limit, the purple haze, from where a Mean reversion would be likely.

Trading Decisions should be made with factoring in

1. The zone price is engaged with
2. The wave structure

1) is the top priority for it is easy to often think that a Wave structure had ended.
Your best friends are the Guard rails and the hourly count-up to know when you must hedge/ take action for a continuation is due.

2) To pin point a wave 5 of a Wave 5, you need to be constantly looking for the ending wave, which is
a) gonna end with a 22-sample (30 min) higher high / lower low
b) it would not hurt if you could point out a high octane burn that I refer to as Red tail for a confirmation (30 minute again)

To answer the riddle I posted on LinkedIn, the next number was -16.

Nobody won anything.

Which reminds me…

Sent: Monday, September 23, 2019, 8:07:10 PM GMT+1

Subject: An opportunity with the best compensation

Hi Achilles,

I’m reaching out on behalf of Citadel Securities and their C++ hiring into their US offices. Your profile showed the type of calibre they are looking to add.
Citadel Securities is a leading market maker globally, providing liquidity across a broad array of Fixed Income and equity securities. Their clients include the world’s best known Banks, Governments and Asset Managers, and they share the vision of making execution more efficient and the markets more fair and accessible to all.
You’ll hit the ground running and be building greenfield trading systems, making markets for globally recognised IPOs (slack, Uber etc.) and working on some of the most exciting High Performance and Low-latency C++ projects finance can offer. They also pay exceptional levels of compensation, rivalling competitors in finance, and the largest tech firms.
When would be a good time for us to have a call?
Thanks,
Zhang

Gathered Information + Hints based trading

4H wave structure shows Wave 5 down starting.

Market went to the daily fuel limit yest -> today should be a follow through with a no break extension.

wave 5 of wave 5 is likely to kick in from beyond E16.

Trading plan for the day: go short above E-16 and target a lower low, 4, 7 pips beyond the low made by Wave 3 of Wave 5.

Why? Because you are expecting the downside volatility to dry out.

Exit 1/2 at 1.1032, 1/2 at 1.1029

If it goes any further, go long for a possible mean reversion to 1.11

…

One visual representation of reaching a daily fuel limit (a wave 3 would do that). Showing no consolidation since.

Here is an example from earlier of the Daily Fuel Limit’s follow up, the no-break extension.

The Secondary Wave Structure is a volatility freak.

It is brought on by a prolonged, 3-wave quick break (the waves may be only visible on 15 min or even below).

The secondary structure does not have a good footing, for it does not originate from a stretched zone (Bull Zone or Bear Zone) and is preceded by a primary wave structure.

I call it a volatility freak, because the actual, directional turns (from Wave 2 to Wave 3 and from Wave 4 to Wave 5) only happen at extremes with a well pronounced continuation divergence.

Wave 1, 3 and 5 in the secondary wave all set up reversal divergences (30 minute chart) and Wave 5 has a defined 3-wave push playing out.

One hint would be looking for a red tail + higher high / lower low (depending on direction) on the 30-minute.

…

The daily fuel limit was known even before the day had started.

The final Countup is on.

The 5th Wave is expected to start from beyond E-16.

…

finding these two red tails:

ExtDownFractalsBuffer[i+3]!=EMPTY_VALUE && High[i+1]-Low[i+3]>80*Point && High[i]<High[i+1] && High[i+1]>High[i+2] && iMA(symbol,0,32,0,MODE_EMA,0,i)>iMA(NULL,0,135,0,MODE_EMA, PRICE_HIGH,i) && Close[i+1]>iMA(symbol,0,32,0,MODE_EMA,0,i+1)
      && Low[i+2]>iMA(symbol,0,32,0,MODE_EMA,0,i+2)
&& Low[i+3]>iMA(symbol,0,32,0,MODE_EMA,0,i+3)
&& Low[i+4]>iMA(symbol,0,32,0,MODE_EMA,0,i+4)
&& Low[i+5]>iMA(symbol,0,32,0,MODE_EMA,0,i+5)
&& High[i+1]>iMA(symbol,30,414,0,MODE_EMA,PRICE_HIGH,i+1)

Bear Zone & Bull Zone rules:

Once price had engaged the 1-time-plus stretch zone from the mean (by making two highs above the upper guard rail or two lows below the lower guard rail), the rules become rather simple.

To reverse the direction, the counter-party becomes put on a timer.

The chronometer starts counting up from the last fresh hourly high/low to 9.

The chronometer gets a reset upon a new 22-sample high/low.

So, what is this counting good for?

For figuring the perfect entry for a continuation and knowing when a Wave 1 was printed and price direction reversed for good.

Let me explain.

Once you have printed 9 on the counter, you most likely have seen the resistance level already. Your aim is a lower low – trail stop advised, for there is directional rotation in these zones: people get put with the bag.

If Mr. Maroon gets hit within 9 hours, the game is over with.

This upside example shows that a continuation support was not made successfully. The second set of numbers are there because I am looking for two highs above the guard rail within the last 10 samples.

…

Bonus image:

Self explaining shot about how you figure the target of a Mean reversion.

Draw in the five waves up for a mind practice and see if you got the Wave 2 trickling back through Mr. Maroon.

A terminal wave can be a Wave 5 as well as a Wave C. What is important is finding the area with the muted & dropping counter-directional volatility.
On the 15-min chart you should see a sequence of 3 or 4 spikes where the last 3 would be (in order) the Measuring leg, the Divergent leg and the Beat.
The Beat would normally exceed the Measuring leg on Eur/USD by 7+, 15+ or 22+ pips.
The translation is that once you have a Measuring leg and the Divergent leg printed, you should make an effort for scaling out of your directional holdings and start getting in at every step with 1/3 of your pre-determined maximum size.

I have spoken of the Wave 2 (and Wave 1) having to be confirmed by the Market Makers which means that the wave would have to cross Mr. Maroon on one side at the very least.

• 

Notice something important?

Every Wave 2 makes a move back through Mr. Maroon. Here, it represented as an inaccurate, single thin line on the 4H HL2 values as E-17, but I monitor for this move on the 30-minute chart where I plot the E-135 high and low lines making for a double band.

(the deep purple lines are terminal Wave 5-s)

What is a scam? It is a promise that does not get delivered. The intention isn’t always clear.

We all get scammed on day to day basis.

It is not always as obvious as opening an account with a Binary Forex trader.

Say, if you sign up for overtime at one place, and they grant it to you, then you have to say no to an other offer, but in the end they cancel the shift on you and now you’re left with no offers and no income, were you scammed?

Think deception, misleading to grasp the concept of a scam.

That firm that calls itself Atlantic Housing puts you with a bill upon moving out that is twice larger than the deposit and all entries are made up excuses (such as this and that was broken, when they were not), then what business is this company really in?

The caused damages may be material as well as immaterial, such as emotional. Some scams you may never recover from.

Who is going to give me back the 1.5 years of my life when I could not meet with my own child and wife thanks to the scam that was running under UK Immigration Barristers?

We lost a great deal more than just a fee, several years without income and all the expenses during including being penalized for Visa extension every 3 months. This company did nothing but made sure you would fail the application due to being incomplete. Mind you, this was the number one find on Google under Immigration Lawyers UK at the time.

They even tried to peel off a second layer of skin, to which I responded: “I have nothing left to give”.

So don’t believe anything you find on the internet just because a search engine finds it. I have become a UK citizen since and so did my daughter, but this didn’t repair all of the caused damages.

The above things would probably explain why I am so adamant about fighting scams.

A Ponzi scheme is a scam for obvious reasons.

Here is what I wrote down this morning:

I am convinced that these companies utilize Ponzi scheme as their business model.
If they “financed” 300 people, that’s likely five times as many attempts = 900,000 USD revenue in a year (That does not cover the promised 30M though). You have liabilities of a few workers with Eastern European salaries to do the database handling / web surface.
Remember, one has to submit the invoice for a x 0.7 amount that you get to work on figuring out. Such scrutiny is rather cheap.
Of course there are no risks for the company until the new entry interest drops down and the “funded” accounts start claiming more money that is flowing in.
It is easy to absorb the losses on a demo account.
The idea owner may even feel like he’s doing good by eliminating all risks for others. Almost all risks.
The company was funded in 2014, when it was local.
Now it is listed in the US with unknown number of workers and comments about not even responding to emails. 
I personally don’t think that there are more than 3 or 4 people running this, the rest was a matter of T-shirts and posing for pictures.

…

Take for instance the Institute of Trading. Perfect name for a scammer.

They sell mentoring programs for 60k or 15k depending on if you want a 10-day holiday up front.

Those ex Execution traders running the scheme capitalize on the credits they earned by having worked for the famous Lehman Brothers.

Then you have to open an account with Valbury, for a minimum of 15k. Then they let you keep 35% of your own profits – and people are lining up for this suicid slavery in hopes of inside information that these kooks may be in possession of when they are citing “80% fundamental” analysis.

…

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