IgazI wrote:T = 10, E = 11, R = 12, B = 13.
BTC has been behaving itself recently:
btcusd_rot.png
Ahhh, I see, the common rotations
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IgazI wrote:T = 10, E = 11, R = 12, B = 13.
BTC has been behaving itself recently:
btcusd_rot.png
buffalo wrote:does this look right for bodies closing lower? 4 hr ltc/tether chart. green/red vertical lines mark the candle that closed over and the horizontal lines mark what it closed over
(I'll make my own thread soon so im not posting all over the place in everyone elses)
bidop.png
IgazI wrote:buffalo wrote:does this look right for bodies closing lower? 4 hr ltc/tether chart. green/red vertical lines mark the candle that closed over and the horizontal lines mark what it closed over
(I'll make my own thread soon so im not posting all over the place in everyone elses)
bidop.png
If you were long then you would want every candle to be green, and if the candle closed red then you would have "something" in mind that you don't want price to close below.
The only time it will not "look right" is when the body is above the trend line. . .
because the difference between an up rotation ("trend") and a down rotation ("trend") is the reversal number; short of the reversal number the down moves are considered to be part of the up trend;
If you understood the idea, that the market is just a 'rotation machine', the crank of a Jack-in-the-box, then you wouldn't be asking these questions;
you would be looking for a box size (grid size) and reversal number (trend separator) that simplifies the chart into actionable price levels.
If you're at a rotation length of 7 and 2/3 of the rotations are between 4 and 9 and 3/4 of the rotations are <13 then you should easily be able to figure out how to trade the chart profitably. . .bet that common lengths will not turn into uncommon lengths.
buffalo wrote:
I understand the rotations, look for reversals after x amount of blocks. I know youve mentioned kagi charts for stop placement, is that what you actaully use? Ive been watching the brian watts videos also, do you do that grid type trading like him?
in this chart i drew lines at each block 10 or more. It would work sometimes to just have on order at that block. why I ask about reading price is so i can more accurately time the reversal
buffalo wrote:is this what wick in direction of loss means? wait for bodies to close (preferably breakouts) away from these areas? indicator shows wick size, green is upper wick, red is lower.
ignore the horizontal lines thats a different idea im toying with
foralias.png
cheunt3 wrote:buffalo wrote:is this what wick in direction of loss means? wait for bodies to close (preferably breakouts) away from these areas? indicator shows wick size, green is upper wick, red is lower.
ignore the horizontal lines thats a different idea im toying with
foralias.png
Sorry for screwing up alias' thread, hope you don't mind.
MO's posts post85317#p85317
BDP.png
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LeMercenaire wrote:I'm sitting waiting not very patiently on a move off the UK100.