Ghost of If You Can Draw A Straight Line

Actually, price is more likely to head right back to 3650. But we'll see. "Judge the market by its own action."

 

more likely we'll see 3650 from here? we're trading @ 3527!

after a huge drawdown YM -354

 

It was a great lesson today, thanks. If you decide to come up with the AMT thread , I can help as a troll hunter , so you don´t have to bother about that. And I am also sure other will join in my quest.

Take care.

 

Yes, I'm aware of the fact that we reached 3527. The trade I posted was worth 84pts.

Please don't post unless and until you've read the thread. If you then want to contribute, you're welcome to do so.

 

I'll try to put something together that's simpler than what I wrote before.

 

I would be all in for an amt thread

 

\fair enuf

 

Here's a draft of the AMT stuff, at least as it applies to boxes. It's as simple as I can make it, but if there are questions, I can make modifications.

Applying AMT to trend channels is a bit more complicated, but we'll see how this goes first. Clearly AMT applies to channels as well, given the "calls" I've made lately, though as far as I know, no one else has ever tried.

 

This thread is turning into a ghost of straight line.

 

Here's a draft of the AMT stuff for diagonal ranges, i.e., channels. Without the charts, it amounts to about three pages. This should be brief enough even for the ADHD set. Part One (The Box) is also provided again.