House of If You Can Draw A Straight Line

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k p said:
Whooopppsss.. I see my problem.. the DL/hinge bottom line connects a bit differently. So the short can be placed right below the opening bar.
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FWIW, and to avoid confusion, this is not what I described.
 
Shoot... sorry to confuse everyone reading Db with my charts. I just had trouble seeing how the short sets up after the open.
 
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An illustration of how AMT and the SLA work together, which also serves to illustrate the dictum to "let your profits run":

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Shame these trending days don't happen more often! My entry was exactly where you mark your RET, so at 47.25.

What I see on my chart when just looking at the 1 minute is a TDTDB lower down actually. In real time, it could have appeared to be a double top at 72, but this would be a double top in the middle of nowhere, and when price did break the support that I have drawn in at 67.50, no RET for a short would set up. Then once we cleared the range, a RET appeared for another long above 75.

Just like Gringo said not too long ago, it really is amazing how simple this could be if you just follow the rules and have the proper trader's mindset.

Thanks for the continued updates Db.
 

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