Search results

My first reaction to the above is yes... certainly that is a valid way working, and successful traders use it. but I'm doing something that uses volume as a secondary factor. I don't have volume on my chart... but I'm using tick charts to place orders, which reflect volume inherently. How would...

Here is the above without the red lines... the down channel after 6/8 is certainly iffy. The below is just one possibility

So you are saying the red channel lines in the below are the obvious but wrong? I'm not sure where one would put the top channel line. And I agree, this would not make sense as a helpful channel at this time.

If you mean looking at the past.. In one way we stand on their shoulders, In another... the world, the technology, everything is so different.

There were different kinds of charts in those days. The most interesting were ones where they literally put a dot at the price and time on the chart for each transaction. The charts looked like little shotgun blasts going across the page.

Reminds me... I don't remember which, but in one of the trading books written before the 1950's... The guy interviewed several of the successful traders at the time. He said none of what they said made sense or was usable. The only thing they said in common was they took trades when the charts...

I once stayed in a friends guest house that had not been used in a long time. Apparently things can grow in hot water tanks if they are not set high enough. At least, that is what we assume was the cause. I appeared to develop a bad cold and one night coughed up blood. Said I was going to the...

end of day. Went across an extra profile on the up side!

nice scalp

The mid-line of the gold channel might go with a melt up... just a thought...

There are far more detailed ways of getting a sense of the market. Coming up with specific levels, whatever. Getting our 'intuition' going -- or 'mechanical' if that is the way you roll. This is a part of my routine to get focused on the day. I look at it for what is interesting. I would...

Thanks, ...no I had not seen that. Was easy to replicate what he did with similar results. Reminds me of the poem ... 'Twas battered and scarred, And the auctioneer thought it hardly worth his while To waste his time on the old violin, but he held it up with a smile. "What am I bid, good...

My mentor often says that "lines are not arbitrary". Seeing them, and working with them, is a skill though. IMO it is one of those things that seems obvious and logical at first, but suddenly with experience, we understand them in a different way. ... So it is hard to explain.

It is not the holy grail... For me it is just a perspective thing that helps see market structure in a different way. I have known traders who use it as a core part of their trading system. You can anticipate, the market likely will not spend time at the dips; and to move across the bodies of...

Thanks, I would never have guessed that!

I don't have answers... we are living in unusual times socially, technically, financially... Aren't you the guy who came within a tick or two of a 100 point win the other day? Maybe we should listen to you! :)

Here is what a series of TPO's look like, for those interested:

PPT... "Pretty Please Trillions"? as in give me...