PowerX Strategy "PowerZ"

[kiwiarian]

Colorless, no distractions

easyTo.jpgeasyToo.jpg

. . . no 16 hours of watching button-mashers on YouTube needed;
just follow the formula, patterns and breakouts.

IM trying to figure out the red arrows, 15 hrs later still trying
Up when there is a big bar down, up when the MA is down.?

[IgazI]

Colorless, no distractions

easyTo.jpgeasyToo.jpg

. . . no 16 hours of watching button-mashers on YouTube needed;
just follow the formula, patterns and breakouts.

IM trying to figure out the red arrows, 15 hrs later still trying
Up when there is a big bar down, up when the MA is down.?

There are patterns and there are breakouts. . .
which one do you think the arrows represent

PS: a 'pattern' is not a breakout, and a 'breakout' is not a pattern. . .

up or down, you trade away from patterns.

[kiwiarian]

Colorless, no distractions

easyTo.jpgeasyToo.jpg

. . . no 16 hours of watching button-mashers on YouTube needed;
just follow the formula, patterns and breakouts.

IM trying to figure out the red arrows, 15 hrs later still trying
Up when there is a big bar down, up when the MA is down.?

There are patterns and there are breakouts. . .
which one do you think the arrows represent

PS: a 'pattern' is not a breakout, and a 'breakout' is not a pattern. . .

up or down, you trade away from patterns.

OK makes sense, arrows originate from the pattern area and highlight the direction of the breakout.
I wasn't sure if the arrows were drawn before the breakout candles (in foresight) were plotted indicating that you built your position in the direction of the arrow and then the breakout happened, meaning those arrows would be one useful indicator.

[IgazI]

OK makes sense, arrows originate from the pattern area and highlight the direction of the breakout.
I wasn't sure if the arrows were drawn before the breakout candles (in foresight) were plotted indicating that you built your position in the direction of the arrow and then the breakout happened, meaning those arrows would be one useful indicator.

It is easy to find and get into a trade, but the key question is where are you taking it?

A swing trader is following an exit strategy while aiming for a favorable closing price; at the end of the day, we are trying to 'hitch a ride' onto the hourly and then also get a favorable close on the daily.

1 and 2 give you direction, 3 gives you implementation.

I use a 15 period MA of the open price:

and_then_what.jpg (131.96 KiB) Viewed 1287 times

[kiwiarian]

OK makes sense, arrows originate from the pattern area and highlight the direction of the breakout.
I wasn't sure if the arrows were drawn before the breakout candles (in foresight) were plotted indicating that you built your position in the direction of the arrow and then the breakout happened, meaning those arrows would be one useful indicator.

It is easy to find and get into a trade, but the key question is where are you taking it?

A swing trader is following an exit strategy while aiming for a favorable closing price; at the end of the day, we are trying to 'hitch a ride' onto the hourly and then also get a favorable close on the daily.

1 and 2 give you direction, 3 gives you implementation.

I use a 15 period MA of the open price:
and_then_what.jpg

Nice makes sense.I have recently had the daily chart open with a daily target in mind trying to figure out on the LTF how to get there.
Work in progress but I might copy your chart setup and follow along with some of the 1m entries I am learning at present.

[IgazI]

Nothing is better than getting out your ruler and marking a set of paper charts.

The ideas flow more freely with pen and paper, it's just science

print_your_charts.jpg (24.06 KiB) Viewed 1140 times

[kiwiarian]

Nothing is better than getting out your ruler and marking a set of paper charts.

The ideas flow more freely with pen and paper, it's just science


print_your_charts.jpg

The best drawing tools and natural mark up are on paper for sure. PC drawing tablets are a bit of a pain, I cant do diagonal lines using a pen, need to use a mouse.

[IgazI]

Nothing is better than getting out your ruler and marking a set of paper charts.

The ideas flow more freely with pen and paper, it's just science


print_your_charts.jpg

The best drawing tools and natural mark up are on paper for sure. PC drawing tablets are a bit of a pain, I cant do diagonal lines using a pen, need to use a mouse.

I had to talk myself out of buying the Samsung Galaxy Tab S9, just for taking notes;
I'm as bad as the girls when it comes to impulse purchases

A lot of the tablets have a ruler that you can use to make straight diagonal lines.

I'm going to try and download GoodNotes 5 for Windows and see if the XP-PEN works with it

[kiwiarian]

Nothing is better than getting out your ruler and marking a set of paper charts.

The ideas flow more freely with pen and paper, it's just science


print_your_charts.jpg

The best drawing tools and natural mark up are on paper for sure. PC drawing tablets are a bit of a pain, I cant do diagonal lines using a pen, need to use a mouse.

I had to talk myself out of buying the Samsung Galaxy Tab S9, just for taking notes;
I'm as bad as the girls when it comes to impulse purchases

A lot of the tablets have a ruler that you can use to make straight diagonal lines.

I'm going to try and download GoodNotes 5 for Windows and see if the XP-PEN works with it

I'm sure when you go to your local Walmart store, people come out with more than they needed.
I have a little wacom drawing tablet attached to my PC which is handy for chart markups, but like drawing up zig zag structure that we have been looking at recently, its useless. I might watch a youtube video as maybe it has a ruler functionality I dont know about. Maybe I'm useless.

[kiwiarian]

Nothing is better than getting out your ruler and marking a set of paper charts.

The ideas flow more freely with pen and paper, it's just science


print_your_charts.jpg

The best drawing tools and natural mark up are on paper for sure. PC drawing tablets are a bit of a pain, I cant do diagonal lines using a pen, need to use a mouse.

I had to talk myself out of buying the Samsung Galaxy Tab S9, just for taking notes;
I'm as bad as the girls when it comes to impulse purchases

A lot of the tablets have a ruler that you can use to make straight diagonal lines.

I'm going to try and download GoodNotes 5 for Windows and see if the XP-PEN works with it

I'm sure when you go to your local Walmart store, people come out with more than they needed.
I have a little wacom drawing tablet attached to my PC which is handy for chart markups, but like drawing up zig zag structure that we have been looking at recently, its useless. I might watch a youtube video as maybe it has a ruler functionality I dont know about. Maybe I'm useless.