Yes. See the DOTS interspaced on the line? A trader can measure price movement between the dots. That's one technique, but I personally find the cloned line technique I posted a few days ago works just as well. Trades taken from the LOW. Measured from the past high to identify a target level. On the Vertex line chart, a trader can do that with just looking at the chart.
I learned this from past mentorship and study. (Many trading books) I'll post the references.. Dynamic Time and Price analysis of Market Trends by Bryce Gilmore Mastering Hurst Cycle Analysis by Christopher Grafton (This book is excellent)
Thank you for the book reco's. Nobody expects anyone to show their hole card. Are you willing to pinpoint the anchor points that you used for the measured move trade depicted on the chart above? e.g. for a standard ab=cd, 'move one' is anchored at 'a' and the other end of move one at 'b' and move two is anchored at 'C' and projected to point 'D'. Where is that bad boy (ab=cd) up on your chart anchored? Does this setup include a trigger that prompts the trader to buy or sell to enter? e.g. some will watch for action around the 'b' swing as price moves through that level. How's this setup trigger? Again, nobody expects anyone to show their hole card.
easymoney, I think you're thinking too hard and making this more complex than it is. Just peruse the EUR/USD chart I posted. Using the Vertex Line, I identified possible price target by measuring from the past HIGH to the LOW. ANCHOR POINTS: Are the DOTS on the Vertex Line that can be measured to give possible range of the move. TIMING TRIGGER: A trader can simple use basic price action/reversal signals when to initiate the trade...FROM THE LOW. Edit: Actually, I've posted a lot of "hole cards". But it's based upon CYCLES, so never fearful of losing it's potential.