If You Can Draw A Straight Line . . .

[igotcash]

you have gann angles, fibs, pivots, support and resistance lines, pitchforks, and trend lines. that is a ton of lines!!!

to focus on what price is doing doesn't make sense to me. if a lower low, should I focus on the fact it's going lower. I don't think so. it went lower, but might not go lower. or a new high with massive volume doesn't mean breakout. it just doesn't. if that is your system, fine. but usually when those fail, they fail in an epic fashion. I like to look at false moves opposite of what I guess is the trend. now it's buying after short-term TA people see a downtrend in place. it would take too long to explain entries, but you get the point.

 

[dbphoenix]

Quote from igotcash:

you have gann angles, fibs, pivots, support and resistance lines, pitchforks, and trend lines. that is a ton of lines!!!

to focus on what price is doing doesn't make sense to me. if a lower low, should I focus on the fact it's going lower. I don't think so. it went lower, but might not go lower. or a new high with massive volume doesn't mean breakout. it just doesn't. if that is your system, fine. but usually when those fail, they fail in an epic fashion. I like to look at false moves opposite of what I guess is the trend. now it's buying after short-term TA people see a downtrend in place. it would take too long to explain entries, but you get the point.

If that's what you like to do, great. But it has nothing to do with the subject of the thread. The gist is in the first 80 posts. If you read those you'll have a better understanding of the conversation. Gann, Fib, Pivot Points and Pitchforks are not included, nor are any other sort of pattern or indicator.

 

[Redneck]

Quote from dbphoenix:

nor are any other sort of pattern or indicator.

Uh.., hmmm... well….erm... oh… ah haaaa

indicators = buyers & sellers
patterns = each’s actions/ behavior

:eek:

Okay I admit it - at times I can be an ass

RN

 

[dbphoenix]

Quote from niko:

Hehe, will give it a try, sorta like a new step, It has been a long trip from MA and Stochastic Ville, but the ride has been a lot of fun. Thanks.

Might be a good time to re-read Section 7 (http://www.traderslaboratory.com/fo....html#post36469).

 

[niko]

Quote from dbphoenix:

Might be a good time to re-read Section 7 (http://www.traderslaboratory.com/fo....html#post36469).

Sure I will, I was re-reading section 17m yesterday, it is always enlightning.

 

[bigmoose]

Note, link above is not good... missing data, has... in the actual URL.

Is that section 7 and 17 on trendlines?

 

[dbphoenix]

Quote from bigmoose:

Note, link above is not good... missing data, has... in the actual URL.

http://www.traderslaboratory.com/forums/wyckoff-forum/3876-basics.html#post36469

Try again.

 

[yertleturtle]

Hinge forming from this mornings high. Lower lows and higher highs. Possible change in behavior as the buying waves seem to be getting shorter in duration (time) while the down waves are getting longer.

 

[riaamaan]

2:00 ET, FMOC meeting announcements. I'm looking for volatility to come in at that time. Traders are just playing around right now, waiting for the news. My 2 cents.

 

[dbphoenix]

Quote from yertleturtle:

Hinge forming from this mornings high. Lower lows and higher highs. Possible change in behavior as the buying waves seem to be getting shorter in duration (time) while the down waves are getting longer.

I think you mean higher lows and lower highs. Note also that yesterday in its entirety was a hinge with a midpoint of 84, which provided support premkt.

If it's good, there should be an exit within the next ten or 15m.