The Price Action Journal

[MandelbrotSet]

Quote from saliva:

<font color="blue">Another great post ... but what you are leaving out is the element of Volatility, and how to use it in your trading.</font>

Actually, the volatility is already baked into the pie. I don't mean to sound condescending in any way, but may I suggest that you spend more time thinking about those three components in question and their interaction to one another? I would much rather have you see for yourself.

On a minor note, there are some very important technical patterns that work like a charm in detecting reversals as some of you traders already know: double-top and double-bottom patterns, as well as the "pipe".

One minute you don't believe in patterns ...

no patterns for saliva

... and the next one you're talking about double-tops, bottoms and picks? :eek:

LOL, that information combined with your sage advice of prices flowing like water and ambigous commentary like "oh, it's there, you just have to figure it out for yourself" might be invaluable to someone like ammo, but it sounds like tripe to me.

 

[SusanaDT]

Hello everyone,

Hope you are all enjoying of a wonderful Sunday.

I have one small favor to ask, please don't taint my journal with indicator talk or indicator references.

Price is fine, obviously.

Volume is fine, although I don't use it except for the volume bar integration.

Lines are fine.

Trendlines are fine.

Everything else is forbidden, I don't even want indicator debates taking place, we are way past the point of ignorance here.

Thank you for respecting the rules.

Susana

 

[saliva]

Quote from MandelbrotSet:

One minute you don't believe in patterns ...

no patterns for saliva

... and the next one you're talking about double-tops, bottoms and picks? :eek:

LOL, that information combined with your sage advice of prices flowing like water and ambigous commentary like "oh, it's there, you just have to figure it out for yourself" might be invaluable to someone like ammo, but it sounds like tripe to me.

Hmm, I ain't so sure what you say carries much weight. For one thing, if double-bottom is considered a "pattern", I suppose support or resistance can also be labeled as pattern. But then who omits support or resistance in their trading? I sure don't.

Second, you seem to indulge in twisting other's words to conveniently suit your own needs. Why don't you instead go back and re-read the previous quotes from Vertigo3 (with regards to "bearish wedge"), to which I was replying to. Be that as it may, my reply wasn't so much that I don't follow patterns as much as that the "rhythm of the market flow" should be considered before using any patterns.

 

[saliva]

Pipe top and pipe bottom

 

[Surdo]

Quote from saliva:

Pipe top and pipe bottom

Where is "The Taint"?

 

[osorico]

Quote from saliva:

Pipe top and pipe bottom

Most commonly referred to as "Tweezer" top/bottom.
Regardless of name, well deserving of a place in the toolbox.

Osorico

Almost forgot... valid on ANY time-based price chart.

 

[saliva]

Quote from Surdo:

Where is "The Taint"?

I prefer to use a bong than a pipe, if that's what you want to know.

What did you want to know exactly and does "The Taint" suppose to have any bearing on the subject of "pipe"? I dunno where it popped out from.

 

[saliva]

Quote from osorico:

Most commonly referred to as "Tweezer" top/bottom.
Regardless of name, well deserving of a place in the toolbox.

Osorico

You're absolutely right. Thanks for the heads-up.

See, I ain't too keen on "patterns". That doesn't mean I don't follow some of them.

 

[rolextrader]

Quote from osorico:

Most commonly referred to as "Tweezer" top/bottom.
Regardless of name, well deserving of a place in the toolbox.

Osorico

Almost forgot... valid on ANY time-based price chart.

Define "vaild."

 

[osorico]

Quote from rolextrader:

Define "vaild."

As written by you, no definition.

As written in original post...
efficacious