Hi again BambinoFlex,
Time will not reverse, it will only go to the right of the chart AND it will only go up or down; so that from full speed up to full speed down you have a total of 180°. If you divide this 180° "range" in two, by putting a line in the middle, you have 90°one way (up) and 90° the opposite way (down).
So, for demonstration purpose: we should speak of the middle of this semi-circle as 0 (being no speed at all), theorical full speed up would be 90°, theorical full speed down would be -90°. If everything between 0° and +90° will define up speed and everything between 0° and -90° will define down speed, then 45° AND -45° will both be "speed midpoints", where 45° is "midpoint speed up" and -45° is "midpoint speed down"
And this is for timing/velocity only, not to be confused with price level (horizontal lines). Price level is Y (fibs), and "time level" which we can also call "speed" is X (angles), they interact one in regard of the other, but each one only shows what it represents.
You can take decisions based on Y alone but in this case you only know where to look at from an "horizontal point of view", because that's only "where", only one dimension of the chart, you don't have timing at this point of your analysis. Now imagine that you could base your decisions on X ("vertical point of view") in addition to Y, both together interacting in one place at one time...
Another analogy I can try in order to explain what I mean (physics related), and even if it is hazardous, maybe it will more explicit: price is the object, it has a mass and its mass's name is "price level" (only pushed up or down), timing is the "motion" (speed, only pushing the object away to the right of the chart). MASS X MOTION is MOMENTUM (or lack of it). "Mass in motion", "mass combined with its velocity", "a place which is an extension of price level where I wait for a change in speed", that's what I'm looking for.
Momentum happens AND is located at the break of 2 equilibriums: the break of price level midpoint combined with the break of time midpoint. You can replace "midpoint" by "range" in some way.
X and Y combined in one "moment
" is a cross you can draw on your chart, thus "momentum
Everybody will use different techniques to trade, because everybody sees the charts differently (I personaly use something close to Dragon Style), and that's not my goal to show "another way to skin the cat", and to discuss things that are already very well known such as "a proper MM is key". My purpose here is just to tell you that timing is essential because, to me (and for some others here), it is the other half of the analysis when it comes to take decisions. My opinion is that it has been really underestimated here because people are primarily focused on horizontal lines. Timing adds another dimension that allows us to trade momentum where and when it happens, that's priceless.
Even if we see the chart differently, we all should look at the whole chart (2 dimensions). I ignored it for a long time when I was more active on this forum, but since I understood that it is crucial, I added DOP/angles to my analysis, and it has been a game changing transformation.
I enjoy exchanging different points of view and I can't explain this part of what I see better, unless we start speaking french
, my english is reaching its limits
Anyway, some"thing" (pattern) happening some"where
" (fib) at some"time
" (angle), all together + Space as MM, sounds to me like a powerful trading plan.
I wish I convinced you of the importance of diving into DOP sooner or later.
What do you think?