You have to ask? By what I’ve posted, you could say by definition...
Saltynuts's trend following journal
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You have to ask? By what I’ve posted, you could say by definition...
Get a grip.
Every specialized vocation has an industry specific vocabulary, a shorthand as it were. Starting a glossary would be prudent. Yes is the answer to your question.
If you take two parallel vertical lines and intersect a two horizontal lines, one would create a box. One could interept the horizontal lines as resistance and support.
By sloping the vertical ones as one would angle ski’s tips To the right (from horizontal support) a parallelogram is formed with the RTL on the Right and the LTL on the Left. The ski’s are parallel Trend Line’s, both define the bounds of the container. This orientation is the same for both long and short trends. RTL on right, LTL,...
For long trends the goal is to use the ‘skis’ to connect HL’s to HL’s for the RTL and the HH’s the HH’s for the LTL as a parallel channel for any two bar price pair. Each two bar price pair has a name.
For short trends the goal is to connect the LH’s to LH’s with the RTL, etc.
There are 10 unique cases of two bar price bar forms that all price action can be distilled into.
The process of annotating two bar price cases begins the process of taping.
Tape a chart. Log the questions that naturally arise. Post your result.
His nuts are made for saltin' and that's just what he'll do - one of these days his salted nuts are going to blowout another account.... Secret David-man, Secret David-man....
LOL! I have no idea who this David cat is, but this is like the 5th time I've been called him. So he must be a stud!
Sir what ailment are you suffering from? Why not try religion, the best drug for the mind?
No problem, just keep doing one thing for a while without switching to new time frames, indicators, etc