adaseb wrote:Would it be possible to post a chart showing this.
I am confused what you mean by "Wicks show the way not when they retreat from the MO" and "... Wicks show the way not when, after momo, there is a breakout and price fails to close beyond the extreme".
By extreme you mean the prior high and prior low on the candles correct?MightyOne wrote:I see that Vane has been reading
Bodies show the way
Wicks show the way not
~Bodies show the way when they close beyond the previous bars extreme price.
~Bodies show the way when they are compared to other bodies in the recent past.
~Wicks show the way not when they retreat from the Mighty Zone
~Wicks show the way not when, after momo, there is a breakout and price fails to close beyond the extreme.
You can never pick your own time frame THE CHART WILL GIVE YOU THE TIME FRAME
You can never pick your own path THE CHART WILL TELL YOU WHERE TO GO
It has never been about the lines IT HAS ALWAYS BEEN ABOUT THE BODIES as bodies SHOW THE WAY
What does the chart as a whole tell you about what it wants to do next?
If you spend all of your time with a box of crayons drawing lines in the middle of bodies then you will never hear the voice of the market.
My methods do not tell you when to place a trade nor do zlines tell you where to enter.
My methods were always just tools that helped me make a decision with logic and discretion.
Feel free to trade in a similar manner, but just don't fool yourself into believing that you are doing things as taught by me.
Previous high/low of the last time period...yes.