Question for Grob/Hershey...

Status
Not open for further replies.
ChannelsCompiled.doc/.pdf-Rev2 by courtesy of aweissen & icarus618
Quote from Stalker:

achilles - i suggest you read the "channels compiled" document that is attached somewhere in this thread, it´s really good.
I look at the first move as a traverse of a channel that doesn´t exist until there is a retrace. This works most of the time, but then we have the moves with no retrace... :)
If there is a spike or two that violates the trendline I don´t care as long as it describes the slope of the trend good.
More...
 
Stalker,

Thanks for the input!! I wholeheartedly agree with your resolve to stay out of markets until you get a solid point#3.

Staying out of the market until we know whats happening is very wise.


Cmns2. Thanks for the document. I will read through it tonight (Saturday night ;)


I just made an absolutely uncanny observation tonight: key market operating points/trendlines can be 'reverse engineered' by joining highs or lows and looking for corresponding parrellels......

Anyone else notice this???? I think this is what is meant by 'gridding'?
 
If I understood you right, you mean that you can sometimes draw the left line before the trendline and anticipate that the trendline(right line) will be parallell to this and therefore have a clue where point three might be. I got it right? If that´s what you mean I think your first idea was correct. Sometimes you can se the slope of the channel before there is a clear point three and anticipate where the trendline and point three will be.

One other thing I´ve noticed is that if a move ends with a spike and the the market reverses and there´s a new trend there is often two trendlines. The spike creates a second, parallell bottom to which the market often drops down. Cant explain it better but you can see what I mean on this chart.
 

Attachments

Another observation: in the same time frame, often new channels are almost parallel to recent ones in the same direction, and even their width is similar. This may also help in estimating earlier the shape of the new channel.
Quote from Stalker:

If I understood you right, you mean that you can sometimes draw the left line before the trendline and anticipate that the trendline(right line) will be parallel to this and therefore have a clue where point three might be. I got it right? If that´s what you mean I think your first idea was correct. Sometimes you can se the slope of the channel before there is a clear point three and anticipate where the trendline and point three will be.

One other thing I´ve noticed is that if a move ends with a spike and the the market reverses and there´s a new trend there is often two trendlines. The spike creates a second, parallel bottom to which the market often drops down. Cant explain it better but you can see what I mean on this chart.
More...
 
Stalker,

Thats exactly what I was referring to. Could prove useful when anticipating the trendline and projecting its likely path.


Cnms2,

I've noticed the same. :)

Cudos.
 
Finally, this thread seems to have swallowed its tongue! Four days of blissful inactivity. It went brain dead weeks ago but didn't have the decency to croak. If there are any organs still alive in the cooling corpse, don't forget that Jack might need them.
 
<marquee> hypostomus </marquee>
Quote from hypostomus:

Finally, this thread seems to have swallowed its tongue! Four days of blissful inactivity. It went brain dead weeks ago but didn't have the decency to croak. If there are any organs still alive in the cooling corpse, don't forget that Jack might need them.
More...
 
Status
Not open for further replies.
Back
Top