POST Some CHART Images in THUMBNAIL Format Right Here, Baby.
- Thread starter easymon1
- Start date
3 Bar technique.
To determine directional bias.
Weekly chart illustrated below of 3 weeks.
High, Low, and 50% balance level
If price is above balance level - bias is UP
If price is below balance level - bias is DOWN
I use this on the 30 minute chart, but looks effective
on the daily and weekly time frames also.
To determine directional bias.
Weekly chart illustrated below of 3 weeks.
High, Low, and 50% balance level
If price is above balance level - bias is UP
If price is below balance level - bias is DOWN
I use this on the 30 minute chart, but looks effective
on the daily and weekly time frames also.
Bigalow Doji Sandwich
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-27#post-5568334
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-27#post-5568334
Discuss those blue lines a little bit...
Blue lines are based on Patterns. Just Google Harmonic Patterns
for many websites that showcase them.
I was taught a mirror technique to clone a line, and use it as possible
direction and price target. Technically it's a technique to clone
a portion of a cyclic time-action.
Line on top is the line cloned and 2nd line is
placed at the low. Noticed the cloned line
follows the same ANGLE.
I use this every day on the 30 min chart.
On the Daily chart it gives me possible direction.
For more details, just read J.R. Stevenson's book.
