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Technical Strategy
- Thread starter Tums
- Start date
Quote from gamblerKi:
Attached is my annotation using Jack Hershey SCT method on 2 May 2011 and 3 May 2011.
Black Skinny line: tape
Blue Medium line: up traverse
Pink Medium line: down traverse
Green Thick line: up channel
Red Thick line: down channel
Any comments on my chart? TIA
add bookmarks on FTT's and FTT's
good gapping
Quote from jack hershey:
add bookmarks on FTT's and FTT's
good gapping
Jack, with all due respect... what the hell are you doing??? Pushing down the newbies???
If you really wanna help, then at least pay attention to what you are saying. This is irresponsible. Whatever... Enjoy your life.
Dear gamblerKi, this method doesn't differentiate between retrace and reversal. Instead it relies on changing the direction of the trade if WMCN does not come. After you go long on your second ftt at 1210, something must tell you to exit your position at break-even, before it is to late and the green bookmark is violated. If you don't find that "something", congratulate yourself. There is nothing else to do. You just saved yourself from all the hard work of logging, annotating, etc. The proof is in the pudding.Quote from gamblerKi:
Attached is my annotation using Jack Hershey SCT method on 2 May 2011 and 3 May 2011.
Black Skinny line: tape
Blue Medium line: up traverse
Pink Medium line: down traverse
Green Thick line: up channel
Red Thick line: down channel
Any comments on my chart? TIA
From my understanding, pt 2 of a new container must be outside the previous container.
Quote from gucci
"A point 2 must BE outside of the previous thing RTL. AND it MUST be preceded by X2X sequence of the volume. One of these conditions wasnât fulfilled at the time in questionon on the trading fractal."
http://www.traderslaboratory.com/fo...-price-volume-relationship-63.html#post106288
In the attached 5 charts (spyder's old charts in IR thread), why are Point 2 of those circled containers inside the previous container?
Quote from gucci
"A point 2 must BE outside of the previous thing RTL. AND it MUST be preceded by X2X sequence of the volume. One of these conditions wasnât fulfilled at the time in questionon on the trading fractal."
http://www.traderslaboratory.com/fo...-price-volume-relationship-63.html#post106288
In the attached 5 charts (spyder's old charts in IR thread), why are Point 2 of those circled containers inside the previous container?