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newark18
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Postby newark18 » Mon Apr 19, 2010 2:37 pm

I put up the 60* line way before and look where price is right now. I think I might have been able to predict this one since there is no indication of price slowing down into the 30* channel.

Is it going to correct back into the 30* channel? That's my guess.

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newschool
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Postby newschool » Mon Apr 19, 2010 3:40 pm

You guys went from hedging MZs on multiple TFs to.... trading trendlines... funny. I still love you all 8)

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Postby Braathen » Mon Apr 19, 2010 4:15 pm

If you in your us u have me included.. i hate to break it to you but.. i would have taken that trade lines or no lines.. in no way did i base that long on those lines. Was purely based on a daily chart. Here is a much simple version of what i did just to clarify :)

I was just expecting a bounce at the marked area.
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"Trading is the ability to see & to plan & to act; it is not crystal balls, precision entries, and ego stroking."
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newark18
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Postby newark18 » Mon Apr 19, 2010 4:29 pm

I'll stop posting after this because no one seems that interested in my posts (and I don't even know if I am doing it right). But this is seriously uncanny. FYI, I moved the 30* channel a bit to account for the new extremes in price.

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newark18
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Postby newark18 » Mon Apr 19, 2010 5:07 pm

MO, is it possible just to trade with DOP without using anything else like horizontal lines?

Also, I am not going to post another picture but guess where was the next resistence? That's right, the top of the 30* channel.

MO, can you please tell me if I am going in the right direction? I would like to know if I am crazy or not.
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MightyOne
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Postby MightyOne » Mon Apr 19, 2010 6:24 pm

newark18 wrote:MO, is it possible just to trade with DOP without using anything else like horizontal lines?

Also, I am not going to post another picture but guess where was the next resistence? That's right, the top of the 30* channel.

MO, can you please tell me if I am going in the right direction? I would like to know if I am crazy or not.


You saw price rising at 60* and had the idea that price would move back into the 30* channel (within which was equilibrium).

And that is the point, to see in angles.

It is not about drawing diagonal lines but FEELING price action...

WHICH YOU DID! :shock:

Again, you are not trading off of a line per say but are getting an idea in your head of what price may do.

You take that information and apply horizontal lines while looking for price action that aligns with your idea.

Lastly I will say that you should only have 1 line on your chart at any given time. This means that you must use learn to see the angles with your eyes and continue to feel the price action.


GJ Newark18, I am making a note of huge success:

http://www.youtube.com/watch?v=MznxaqH1 ... re=related

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MightyOne
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Postby MightyOne » Mon Apr 19, 2010 6:31 pm

"The only one ambiguity remaining is -
what is the actual point to enter in reverse direction?" -Noone22


BUY LOW & SELL HIGH :lol:

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newark18
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Postby newark18 » Mon Apr 19, 2010 6:42 pm

I did it, I did it!!! Only if I knew how to replicate it...

Thanks MO for your response. I don't feel so crazy anymore.
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MightyOne
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Postby MightyOne » Mon Apr 19, 2010 6:57 pm

newark18 wrote:I did it, I did it!!! Only if I knew how to replicate it...

Thanks MO for your response. I don't feel so crazy anymore.


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Postby MightyOne » Mon Apr 19, 2010 7:05 pm

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