Question for Grob/Hershey...

[BA_Trader]

Quote from txuk:

What is this?

sym = symmetrical and 4 should be a 5 - lazy typin'

 

[easyrider]

Quote from Stalker:

Most newbies dream of making a lot of money quick when they start trading. I was not one of those fools. Stupid Stalker thought daytrading was more like a job. You learn the profession, invest some money and make a little extra. I thought it seemed like a good half-time job.
I´ve been pretty successful with whatever I´ve done in life if I´ve just worked hard, so I thought the odds of making it in this business was actually pretty good. Couldn´t imagine it was this difficult.

Burger flipper = 2 weeks = 5.25hr
Delivery person= 2 months= 10.00hr
Technician = 2 years = 20.00hr
Engineer = 4 years = 50k year
Trader = ????? = no limit

 

[Dantheman]

i don't remember reading about how point 3 is ultimately established but is it that,

the new trend begins in a tape channel which expands to the right to form a point 3?

 

[Dantheman]

ok i answered my question, the answer is 'yes'...

now... does volume have something specifically to do with the establishment of point 3?

i believe the answer to be that pt 3 is established on falling volume

but where is the proportional trough point?

 

[Stalker]

check this one out if you don´t have it Dan

 

[Stalker]

...

 

[Stalker]

do you have to save word-documents in a special format to attach them?

 

[Dantheman]

no stalker, just browse and attach...should work.
should be .doc format right?

 

[aweissen]

Here is the picture that can never be erased. In new trends look for point three. It comes as trend bumps off the right line for first time. This always happens on increasing volume after aDU or VDU.

Jack posted this in the stochastic indicator thread.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=14129&perpage=40&pagenumber=8

It's about halfway down the page, and is a response to dawg.

HTH

Anthony

 

[Stalker]

I try again in another format