I also look at all you have provided.
Hopefully this is a little better.
Son of If You Can Draw a Straight Line . . .
- Thread starter dbphoenix
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I also look at all you have provided.
Hopefully this is a little better.
A little. I'm sure you can observe how much easier it is to see and follow the undulations. After all, you can't trade price if you can't see it.
The 1:1.5 aspect ratio is more than just tradition. A sustainable angle of ascent/descent is considered to be 45 degrees or less. Unless one views the chart in the correct aspect ratio, this angle becomes much more difficult to determine.
As I said, if you're able to profit from these charts, who's to say they aren't right for you? But I've never seen anything like them.
DB,
Problem with your readers is that you are giving them the Church treatment, faith required, no proof.
In hindsight everything was so obvious, so Wyckoff this Wyckoff that but for next week, next month, what would Wyckoff do ?
Problem with your readers is that you are giving them the Church treatment, faith required, no proof.
In hindsight everything was so obvious, so Wyckoff this Wyckoff that but for next week, next month, what would Wyckoff do ?
From here on out, I will consign the sick to my ignore list.
I don't require faith. I ask only that they read the thread. Those who do and work to put the principles therein into practice find that their results improve. Most however won't read the thread, much less do anything about applying the principles to their trading. So they go on as they are until they get bored with it or go broke. In either case, I don't really care.
I no longer become involved with people who won't do the work. I've been doing this for fifteen years. People know who I am and where to find me. Even so, the number of people who are willing to do as little as put together a thoroughly-tested and consistently-profitable trading plan is so small that I have more than enough time to trade and work on my renovation. Right now, dozens of people view my charts and my pdfs, yet only a half-dozen are actively involved in the work. You, for example, want to know what Wyckoff would do with regard to next week or next month. You don't know because you've never bothered to read his work. You don't care enough to do so. So why should I put myself out for you?
So faith required? No. Study and work? Yes. But only a tiny percentage are interested. But that's enough. I believe I've paid it forward.
You're old enough to understand at a deeper level just how short life is and how important it is not to waste it. There was a time way back when that I'd get all wrapped up in these idiotic arguments, but I've lost interest. These people are just sad, more so because they're wasting so much time. When they hit 50 or 60 they'll wonder just what the hell they could have been thinking but to point that out now whizzes right past them.
The old have been young, but the young have never been old, and that's where the advantage of the old lies. They may not have as much time left, but they're not going to crap any of it away.
As has been pointed out in the other thread, there was a downtrend from the 20th thru the 25th which has segued into a sideways movement. But the air pocket has been filled and tested (I don't suppose that my pointing out the air pocket three days before it was filled counts as "real time" since it was done ahead of time), so there's nothing to do but wait and see.
OTOH, a 30-40pt range isn't shabby, so if one is comfortable trading ranges . . .
Looking over my charts this morning, I notice that we may be at an
interesting point tomorrow. (True almost everyday)
The downtrend from about the 20th which evolved into a sideways channel/range seems to have a midpoint of about 3218 as there have been at least 8 rejections of that level in the past few days.
The last rejection on friday left price at the top of a hinge that
if it is a hinge, has it's midpoint above the 18 level.
No prediction.
interesting point tomorrow. (True almost everyday)
The downtrend from about the 20th which evolved into a sideways channel/range seems to have a midpoint of about 3218 as there have been at least 8 rejections of that level in the past few days.
The last rejection on friday left price at the top of a hinge that
if it is a hinge, has it's midpoint above the 18 level.
No prediction.
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