Bride of If You Can Draw A Straight Line

Discussion in 'Journals' started by dbphoenix, Oct 28, 2013.

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  1. niko

    niko

    Arc?

    [​IMG]
     
    #731     Dec 17, 2013
  2. niko

    niko

    Do you mean this?

    [​IMG]
     
    #732     Dec 17, 2013
  3. dbphoenix

    dbphoenix

    No, this is a hindsight DL. Draw them as you would have in real time.
     
    #733     Dec 17, 2013
  4. Gringo

    Gringo

    [​IMG]

    Gringo
     
    #734     Dec 17, 2013
  5. niko

    niko

    Thanks, I had that doubt and had not been able to articulate it.

    So when the angle of ascent turns into a TC one forgets about the initial DL and traces the TC DL. Now I see why it did not break.
     
    #735     Dec 17, 2013
  6. dbphoenix

    dbphoenix

    Follow the low points. Note how they're bending to the right, like a branch that's being pulled toward the ground.
     
    #736     Dec 17, 2013
  7. niko

    niko

    [​IMG]
     
    #737     Dec 17, 2013
  8. dbphoenix

    dbphoenix

    Don't forget about it, but focus on what buyers and sellers are doing rather than just lines. Buyers can't get any traction, but sellers are unable to pull price below the LSL. So you end up with a sideways move and a lateral DL. It's not a TR bec there is no defined upper limit. But it sure isn't a trend, either.
     
    #738     Dec 17, 2013
  9. Gringo

    Gringo

    Today was more like being in the land of the undead. Trending up, but not really. An untrend, but not a non-trend.

    Gringo
     
    #739     Dec 17, 2013
  10. niko

    niko


    Yes, thanks again, today was a great day for improving the learning process. Although I had given up on lines a couple of weeks ago, I started playing with them as I thought something was missing.

    I am going to run some replay and come up with some answers to the subject of scratching.

    Days like today are a good test for a scratching rule as it would have been triggered a couple of times alerting me about the arc issue.
     
    #740     Dec 17, 2013
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