puppies pen

[kiwiarian]

Study Notes: One of Dragons old charts
Daves 50% swing at bottom, Tro's dual wicks at bottom(on overlay), Daves Bullish flip pattern at bottom and Dragons overlay entry breaking previous candles high.Oh, and the classic Z line tap too at bottom.

dragons-3.png (115.01 KiB) Viewed 20626 times

On a side note, the second entry (down) he got out at the 50% of the candle up as well.

[IgazI]

BnW.JPG
Trailing the Black and White theme, easy to see stuff.

If you're wrong about the color, that candle's body probably didn't matter anyway

colorBlind.png (129.17 KiB) Viewed 20599 times

[kiwiarian]

BnW.JPG
Trailing the Black and White theme, easy to see stuff.

If you're wrong about the color, that candle's body probably didn't matter anyway
colorBlind.png

I'm stuck on bodies at present. No way to dots.

[IgazI]

BnW.JPG
Trailing the Black and White theme, easy to see stuff.

If you're wrong about the color, that candle's body probably didn't matter anyway
colorBlind.png

I'm stuck on bodies at present. No way to dots.

I am thinking by "dots" you mean the shape that I am using to represent the approximate area of a pattern?

If so, a pattern is simply "the thing behind a breakout"; no magic, no mystery!

"Shapes" have many names, one of the names is similar to the shape of a 1-2-3.

Once you start looking at a chart like "(A) looks more like a thing, and (B) looks more like a breakout",
your mind should naturally gravitate towards one shape or another.

Every shape is patterns and breakouts. . .
In the case of the "1-2-3-like-thing", the #2 point is a breakout "to something" but not a breakout of the shape.

imagine_It.png (66.04 KiB) Viewed 20525 times

[kiwiarian]

If you're wrong about the color, that candle's body probably didn't matter anyway
colorBlind.png

I'm stuck on bodies at present. No way to dots.

I am thinking by "dots" you mean the shape that I am using to represent the approximate area of a pattern?

If so, a pattern is simply "the thing behind a breakout"; no magic, no mystery!

"Shapes" have many names, one of the names is similar to the shape of a 1-2-3.

Once you start looking at a chart like "(A) looks more like a thing, and (B) looks more like a breakout",
your mind should naturally gravitate towards one shape or another.

Every shape is patterns and breakouts. . .
In the case of the "1-2-3-like-thing", the #2 point is a breakout "to something" but not a breakout of the shape.
imagine_It.png

So the distance from the center to 1, are you looking for that to be similar for the center line to #2?
That second example (pattern #2) was not right down at the bottom of the breakout, just curious if you chose the mini consolidation point half way down as it was roughly a similar distance that #1 was from the middle.

[IgazI]

So the distance from the center to 1, are you looking for that to be similar for the center line to #2?
That second example (pattern #2) was not right down at the bottom of the breakout, just curious if you chose the mini consolidation point half way down as it was roughly a similar distance that #1 was from the middle.

Ultimately, these patterns are living, breathing entities, not static drawings. We can use simplified models to navigate them, but true understanding comes from embracing the full richness and dynamism of a cloud, the market, or any complex system we encounter.

It is my hope that you would not study it as a specific pattern or shape, but use the model as a tool to break a chart into actionable components:

It is "like a" cloud,
It is "like a" triangle,
It is "like a" 1-2-3,
but it is none of those things.

A can of soda is a "shape", there is:
• a high
• a low
• a middle
• an in
• an out.

In the market, and unlike the can of soda, we cannot clearly see its shape;
there is variance in each of the levels.

You are capable, but first you need to believe that about yourself;
you do not need answers from me or anyone else.

"something LIKE a 1-2-3"
"something LIKE a triangle"
"something is a shape, not something is a breakout"

something_LIKE.png (55.56 KiB) Viewed 19816 times

[kiwiarian]

out-in-time.png (7.27 KiB) Viewed 3581 times

out in time

[Yirbu]

out-in-time.png
out in time

9 candles in drawdown!
Good job for holding on!

[kiwiarian]

out-in-time.png
out in time

9 candles in drawdown!
Good job for holding on!

The Z Line / SnD area above left gave me confidence to hold on a bit.

[kiwiarian]

trade1.png (8.63 KiB) Viewed 1027 times

US30 morning trade for me