Now it will be interesting - I may have picked the wrong direction.
(sorry for the bad image quality, if opened in new tab/window the resolution becomes better)
It was the best of times, it was the worst of times
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Re: It was the best of times, it was the worst of times
Hm.. seems like price is going back into the cone, not sure what to think anymore.
Re: It was the best of times, it was the worst of times
jrtrading wrote:Hm.. seems like price is going back into the cone, not sure what to think anymore.
...from lines and to lines.
Re: It was the best of times, it was the worst of times
When price is overbought , on the cone , I am looking for a sell signal .jrtrading wrote:Hm.. seems like price is going back into the cone, not sure what to think anymore.
SPX.png
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Re: It was the best of times, it was the worst of times
dchappy wrote:When price is overbought , on the cone , I am looking for a sell signal .jrtrading wrote:Hm.. seems like price is going back into the cone, not sure what to think anymore.
SPX.png
BTW , jrtrading ,.....did you notice that the cone was broken @ the 1-2-3 ?
Re: It was the best of times, it was the worst of times
Yes, I see it now, thanks dchappy.
Re: It was the best of times, it was the worst of times
Today I got the Wholly Craps book.
Re: It was the best of times, it was the worst of times
You had the right idea. Not sure where you put your stop or why you got out. But once price confirms on the smaller chart start working it up through the higher times frames. And that's how I trade yearly extremes with a 20 pip sl, haha and a whole lot of luck. You don't need all the lines that I put on my chart. Just trying to show you what to look for and see what matchs.
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Re: It was the best of times, it was the worst of times
Thanks for your response, v8power.
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