A fresh start! Doji's Trading Journal

[PebbleTrader]

If trending, I draw the trend line closest to my stop, if there is a channel than I don't draw the opposite trend line channel.

Only if the market is ranging do I draw both the upper and lower lines.

It's the most obvious trend line on the chart, if you were only allowed to draw one.

The line is more a zone with +/- 10 pips from the mid line. ( I don't actually draw all that on the chart though...)

[MightyOne]

The angles are not too sharp, simply because this pattern is not based on angles. Angles in this setup are irrelevant. This is a precise harmonic pattern that involves 4 market moves and 3 major Fib zones. The combination of these moves form 5 points that create the pattern. The angles can vary widely on this setup, because they are based on price action and the aforementioned items.

There are many different ways to trade successfully.

Regards,
Ric

Your angles are too sharp...

I noticed that after I marked up and posted a chart but the forums are so dead I thought what the hell I'll just let him respond

[Jalarupa]

Hmmm... I'm sooo bewildered right now...

https://duckduckgo.com/?q=1-2-3+trading+pattern

Thanks for the fresh pespective as always MO

[MightyOne]

I try to keep my larger charts free of any lines.

Small charts mess with your head anyway so you might as well draw on them =)

Reuse angles once obtained from a triangle, channel, or median line.

I wouldn't draw any lines on anything above a 30 minute chart.

& don't be afraid cutting through price to find a triangle (as shown in the 30 minute chart); if the triangle you drew doesn't have all kinds of false breaks then you probably drew it incorrectly.

[Jalarupa]

I try to keep my larger charts free of any lines.

Small charts mess with your head anyway so you might as well draw on them =)

Reuse angles once obtained from a triangle, channel, or median line.

I wouldn't draw any lines on anything above a 30 minute chart.

& don't be afraid cutting through price to find a triangle (as shown in the 30 minute chart); if the triangle you drew doesn't have all kinds of false breaks then you probably drew it incorrectly.

Sheeesh and I'm long EURAUD...

Hope I'm not pissing into the wind...

By the way, I'm clueless as to how to do this sh*t I'm just trading off a extreme... but who knows maybe I can learn something by participating...

[Jalarupa]

I donno, I think this looks a little more correct...?!?

[Jalarupa]

Tell me I'm getting warmer...?

[MightyOne]

Your angles are fine & I like your fibo =)

For your other pics, try and keep your angles at or below 20*

[Jalarupa]

Okay, glad I'm on the right track... the fibos are courtesy of jforex I must say I find then quiet handy.

So let me try embed this...

You find a wedge - the wedge creates a triangle - the triangle gives you the angle of your pitchfork - a clone of your triangle gives you your alternating angle...

Cool, now to figure out a good way to trade it all...

[Dan]

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