I haven’t been doing much work recently because I’ve been trading! It’s a bit shocking for me, as it’s something I haven’t been this active about it in over a year. I’ve done my best to recall all the little things I’ve done since I started this blog and put them to use as I enter the market. My original plan when I started was to have a core probability for price to reach specific points at any point in time. Surprisingly, what I have now isn’t that far off! Although, given the nature of modeling, we can never be too sure that our probabilities are accurately forecasting the next move. I’ve put together what use I have been able to gather from SB (not much unfortunately, still working on that..), transient bars, transient waves, common daily and weekly play outs, weekly gaps, etc. I’ve been pretty satisfied with out the trades turned out, although I’m only on my 3rd week so I will have to wait and see.
Moving on, there are a few major hurdles I’d still like to solve, and I’ve begun pondering something that I never thought I would: Elliott waves. I absolutely loathed the damn hindsight painting, but I thinking understanding where it is wrong and right can provide clues for improving my own wave work. I had the pleasure of having some correspondence with an elliottician, and I must say it is interesting to see the way people have made it work. It’s currently in theory phase so I may not get the project off the ground (like many before it) but I think it would be quite a unique idea that I don’t think many have thought of.