What chart pattern is that?
Does this chart depict a method of plotting measured moves?It's from Yahoo Charts. It's called the Vertex Line.
The charts on Yahoo finance have improved.![]()
Does this chart depict a method of plotting measured moves?
Where can material on this method be found via online links, could you post one or two up?Yes. See the DOTS interspaced on the line?
A trader can measure price movement between
the dots. That's one technique, but I personally
find the cloned line technique I posted a few
days ago works just as well.
Trades taken from the LOW.![]()
Where can material on this method be found via online links, could you post one or two up?
Thank you for the book reco's.Dynamic Time and Price analysis of Market Trends by Bryce Gilmore
Mastering Hurst Cycle Analysis by Christopher Grafton (This book is excellent)
Thank you for the book reco's.
Nobody expects anyone to show their hole card.
Are you willing to pinpoint the anchor points that you used for the measured move trade depicted on the chart above? e.g. for a standard ab=cd, 'move one' is anchored at 'a' and the other end of move one at 'b' and move two is anchored at 'C' and projected to point 'D'. Where is that bad boy (ab=cd) up on your chart anchored?
Does this setup include a trigger that prompts the trader to buy or sell to enter? e.g. some will watch for action around the 'b' swing as price moves through that level. How's this setup trigger? Again, nobody expects anyone to show their hole card.
