One is Not a Trend

Post by **MightyOne** » Wed Jan 04, 2012 10:35 pm

Are you aware that all you have to do is draw a trend line at 5* angles?

You do not have to wait for a bounce:

http://i44.tinypic.com/bff252.gif

http://i41.tinypic.com/x5axc9.gif

Post by **MightyOne** » Wed Jan 04, 2012 10:57 pm

Might start a diff thread for lines of perception

pawelklos · Post by **pawelklos** » Wed Jan 04, 2012 11:41 pm

MightyOne wrote:Are you aware that all you have to do is draw a trend line at 5* angles?

You do not have to wait for a bounce:

http://i44.tinypic.com/bff252.gif

http://i41.tinypic.com/x5axc9.gif

I focus on the trend line break. The essence is to find a long-term trend and then add additional positions to the corrections. Realize some profit on smaller TF and build positions on the basis of long trends. I will try to present my ideas.

pawelklos · Post by **pawelklos** » Wed Jan 04, 2012 11:44 pm

MightyOne wrote:Might start a diff thread for lines of perception

Good idea. I will open a new topic.

prochargedmopar · Post by **prochargedmopar** » Thu Jan 05, 2012 1:10 am

You started Christmas early by starting this thread? (Dec. 19th)

Post by **MightyOne** » Thu Jan 05, 2012 3:48 am

prochargedmopar wrote:You started Christmas early by starting this thread? (Dec. 19th)

It is an experimental charting method.

What action is to be taken is based on closed candles or CC.

With this method, the time frame being traded is based on how well the chart is trending.
I've always said that, when the chart starts moving sideways, traders should move up the chart TFs and I believe that this charting method runs parallel to that concept.

PebbleTrader · Post by **PebbleTrader** » Thu Jan 05, 2012 4:59 am

It reminds me of how I like to "SEE ONLY what is significant" vs having an indi draw CC's all over the place for every CC.

I didn't realize this was not discretionary at first.

Nice start for getting computer code to be able to actually draw it up.

Post by **MightyOne** » Sat Jan 07, 2012 12:03 am

We often favor what we don't see over what we do:

PebbleTrader · Post by **PebbleTrader** » Sat Jan 07, 2012 12:46 am

We often favor what we don't see over what we do:

How can we favor something we don't see?

I see "wicks" on the largest CC now.

PebbleTrader · Post by **PebbleTrader** » Sat Jan 07, 2012 12:49 am

What you said got me thinking about a chapter in the new book I'm reading "You Are Not So Smart" on priming.

I wonder if candles can create a sort of priming at the unconscious level which in turn causes us to "favor" something later even though we didn't "see it" at the conscious level.