Bride of If You Can Draw A Straight Line

[niko]

Forgot the chart:

 

[dbphoenix]

Quote from niko:

Yep, but I guess there are times when you need to scratch and other time when you need to give prices a breathe. Still not able to tell the difference yet, but I know that if I hold on I will get there. As G said, just keep swimming.

No. Wrong. There are no "other times". Learn to scratch. Be completely at ease with it. Once you're out, you can always get back in. There is no "breathe" here. Just get out. If you can't do that, you're wasting your time here and you're back where you started.

Before you can swim, you first, if an adult, have to learn how to do so.

 

[niko]

Quote from dbphoenix:

No. Wrong. There are no "other times". Learn to scratch. Be completely at ease with it. Once you're out, you can always get back in. There is no "breathe" here. Just get out. If you can't do that, you're wasting your time here and you're back where you started.

Before you can swim, you first, if an adult, have to learn how to do so.

Ok

 

[dbphoenix]

I suggest you go over a few days' PA and examine those points at which you would have scratched and note which of those trades would have amounted to something if you hadn't scratched and which would have just lain there.

Of those that went on to a worthwhile and tradeable move, what exactly were the conditions for that move that you could have used to alert yourself not to scratch? Could you have re-entered these trades and made money anyway?

 

[niko]

Quote from dbphoenix:

I suggest you go over a few days' PA and examine those points at which you would have scratched and note which of those trades would have amounted to something if you hadn't scratched and which would have just lain there.

Of those that went on to a worthwhile and tradeable move, what exactly were the conditions for that move that you could have used to alert yourself not to scratch? Could you have re-entered these trades and made money anyway?

There is some sort of connection today. That is what I was doing as of now. Thanks.

 

[DR.BOUYE]

Quote from dbphoenix:

...what exactly were the conditions for that move...


A short excerpt taken from the original post, of which began poorly, and somewhat deteriorated towards the end.


I can only imagine how frustrated your students would become whilst contemplating, 'exact conditions'.

 

[llIHeroic]

Quote from DR.BOUYE:

Quote from dbphoenix:

...what exactly were the conditions for that move...


A short excerpt taken from the original post, of which began poorly, and somewhat deteriorated towards the end.


I can only imagine how frustrated your students would become whilst contemplating, 'exact conditions'.

I'm not quite sure what your agenda is here, but it appears that you've made an error in interpreting the context necessary to comprehend the meaning of DB's statement. Perhaps due to a lack of familiarity with the content in these threads. How much of them have you read?

The question, "What [in specific] are common conditions involved in movements that continue in the dominant direction after breaking a demand / supply line?" is quite answerable, and really shouldn't generate much frustration to anyone participating in this framework of viewing the market.

I can tell you that downside movements which break a supply line with sideways congestion after passing through an important support zone are more likely to continue downwards than movements whose supply lines are broken on increasing price and volume right after a double bottom.

Once one becomes sensitive to these conditions though observation and testing, they could choose to give price in scenarios like the former a point or two of additional room to resume dropping before an exit, and close their position immediately in scenarios like the latter.

Hopefully this clarifies the issue at hand somewhat for you, assuming you actually want to learn about it.

 

[DR.BOUYE]

Quote from llIHeroic:

I'm not quite sure what your agenda is here


I can assure you, the feeling is quite mutual.

'Logical Discrepancy'

The title of a book I have in mind.

 

[llIHeroic]

Quote from llIHeroic:

Hopefully this clarifies the issue at hand somewhat for you...

Not quite sure how you missed it.

PM me if you decide to make a serious effort in processing the material in these threads. Good trading to you.

 

[niko]

Quote from llIHeroic:

The question, "What [in specific] are common conditions involved in movements that continue in the dominant direction after breaking a demand / supply line?" is quite answerable, and really shouldn't generate much frustration to anyone participating in this framework of viewing the market.

I can tell you that downside movements which break a supply line with sideways congestion after passing through an important support zone are more likely to continue downwards than movements whose supply lines are broken on increasing price and volume right after a double bottom.

Once one becomes sensitive to these conditions though observation and testing, they could choose to give price in scenarios like the former a point or two of additional room to resume dropping before an exit, and close their position immediately in scenarios like the latter.

Great post, good contributions as always.