Ghost of If You Can Draw A Straight Line

[dbphoenix]

I've attempted to work forward through the daily chart to re-create the channels that I would have drawn had I been observing the NQ back at the end of 2012. I hope it doesn't look like gobbledygook. Basically - it would start with the blue channel, then go green, then orange, then red. I not trying to be obtuse but I can't see what I'm missing? Is it that the green channel is valid much longer than I've depicted - basically leaping over the orange channel?

I suggest you read pp 4-11 of this pdf.

 

[dbphoenix]

See charts above.

The falling occurred as expected when we fell below the TC. 20+pts to the downside and another 30+ back up then change on the back and forth. Just one example of what planning the trade in advance can do.

To the right, we have a hinge going on. We'll have to see what happens with that, but it'll be traded as usual.

For those who have been following this hinge, price did not exit by 1345, so the odds shift toward a trading range, which involves much the same BO/RET tactic but can be much lazier.

 

[green.green]

I suggest you read pp 4-11 of this pdf.

Thanks DBP - this is just what I needed. I'm shocked its only been viewed 27 times. I wish this had been the first thing I ever read on training although I probably wouldn't have recognized it for what it is at that time.

 

[dbphoenix]

Thanks DBP - this is just what I needed. I'm shocked its only been viewed 27 times. I wish this had been the first thing I ever read on training although I probably wouldn't have recognized it for what it is at that time.

I only just finished it a few days ago and uploaded it then. Glad it was helpful.

 

[bmwhendrix]

It is a gem! Thank you!

 

[game]

A wonderful synthesis of your work Db. Thank you.

Oh and that 'When World's Collide' chart is such a clear example of the harmony between mean reversion and trend.

 

[slugar]

Thanks db very helpful as usual

 

[shortskirt]

Thanks DB for posting this document and all the effort you put into educating.

 

[dbphoenix]

Sure beats reading 15,000 posts.

 

[dbphoenix]

I wasn't in chat long this morning bec I had to leave by 1030, but there was a question about retracements and reversals. Perhaps this chart, which I posted long ago, will be of some help: