ES Journal - 2021/2022

Sekiyo said:
Well ... This is SPY with about the same line.
I don't think it broke down below it.
That's not the exact same line.

U're right

Not the exact same chart neither :D

View attachment 301129
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Just a reminder...

There are 3 distinct aspects of trend line action.

1) Touch
2) Penetration, sometimes called a breach
3) Bar Close

For many, bar close carries the most weight for analysis.
And of course, the one bar does not make a trend adage may also be applicable.
In all cases, it is important to consider that device screen visual width and placement
of a line, does not always match the precision of actual angle and associated math.

Trade On!
 
Sekiyo said:
Well ... This is SPY with about the same line.
I don't think it broke down below it.
That's not the exact same line.

U're right

Not the exact same chart neither :D

View attachment 301129
More...


Below is what I am talking about. Apologies for the messy charts but that is just my nature.

upload_2022-12-8_17-48-20.png
 
tiddlywinks said:
Just a reminder...

There are 3 distinct aspects of trend line action.

1) Touch
2) Penetration, sometimes called a breach
3) Bar Close

For many, bar close carries the most weight for analysis.
And of course, the one bar does not make a trend adage may also be applicable.
In all cases, it is important to consider that device screen visual width and placement
of a line, does not always match the precision of actual angle and associated math.

Trade On!
More...
Just a reminder...

There are 3 distinct aspects of getting lucky.
1) Touch (The subtle hand on the knee or perhaps a drunken kiss)
2) Bar Closes (time to call Uber)
3) Penetration (sometimes called 'the shag')

For many, the bar closing carries the most odds of accepting a broader weight analysis.
And of course, if one bar closes and it not produce the adage "the girls all look prettier at closing time", an after hours club might be applicable.
In all cases, it is important to consider visual width and dim lighting placement, reality does not always match the precision of actual sunlight and the associated hangover.

Party On.
 
vanzandt said:
Just a reminder...

There are 3 distinct aspects of getting lucky.
1) Touch (The subtle hand on the knee or perhaps a drunken kiss)
2) Bar Closes (time to call Uber)
3) Penetration (sometimes called 'the shag')

For many, the bar closing carries the most odds of accepting a broader weight analysis.
And of course, if one bar closes and it not produce the adage "the girls all look prettier at closing time", an after hours club might be applicable.
In all cases, it is important to consider visual width and dim lighting placement, reality does not always match the precision of actual sunlight and the associated hangover.

Party On.
More...

That was pretty f''king funny. :)
 
Probably nothing exciting for the rest of this session. Most likely chopping around in this zone (~ 50 / 55) before another move towards the HOD.

Could get interesting should 50 break.
 
tiddlywinks said:
Just a reminder...

There are 3 distinct aspects of trend line action.

1) Touch
2) Penetration, sometimes called a breach
3) Bar Close

For many, bar close carries the most weight for analysis.
And of course, the one bar does not make a trend adage may also be applicable.
In all cases, it is important to consider that device screen visual width and placement
of a line, does not always match the precision of actual angle and associated math.

Trade On!
More...
For someone who has been using trendlines for over 20 years, allow me to say trendline is not a hard fact science. When the dots don't line up as straight as you'd like, you just need to go with best case scenario. It all comes down to "interpretation". I've seen some folks going overboard with this and I think they're just nuts. :)
 
schizo said:
For someone who has been using trendlines for over 20 years, allow me to say trendline is not a hard fact science. When the dots don't line up as straight as you'd like, you just need to go with best case scenario. It all comes down to "interpretation". I've seen some folks going overboard with this and I think they're just nuts. :)
More...

Generally, for me, it's not a precision tool. In a way, a trend line/channel is nothing but a measured move. I prefer to use them only as a supporting parameter and when it can be drawn cleanly and fairly accurate.

It can be a hard science, though. Just define rules for how they're drawn. The problem with that is that those rules can really limit you and you'll run into many edge cases. At least in my experience.

But I'm still learning and certainly don't have all the answers. I think it's a major tool in tiddly's toolbox and I'm sure he knows how to use them.
 
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