Hornswaggle, lol. How much simpler could it be to simply show the A anchor point, the B anchor point, the C anchor point. Specifics are important. e.g.Which past high? Which past low? What triggered your entry? Why did you select that percent as your target? For clarity, why not show us so we can be sure that we understand what your are demonstrating? Now, if you simply don't want to release those simple simple details, that's your prerogative, but it doesn't support your stated opinion that it takes less thought than a simple diagram.
There are only 2 areas MARKED on the chart in question. I used an arrow to mark those price levels. You have them correctly marked as B and C. No idea why you chose point A?? ( There's no arrow in that area) I already answered your past questions. But, since I'm a nice guy, I'll give more detail on my TRIGGER. Point C was the reversal level. How do I know it's a reversal level? No formula or sophisticated math needed to determine reversal level, just my eyeballs, that see price turned up at Point C At that point I followed basic price action to determine TRIGGER/ENTRY LEVEL
Why you don't use the original chart? Where is anchor A? Is this method objective rules based? If not never mind, lol. (I gotta start leading with this question, fer sure. Allergic to handwaving) Why you waste space with so many skipped lines? We ain't 2nd graders.
I posted another chart so you could better comprehend the trade TRIGGER. Not sure why you keep insisting that anchor A is part of the trade..it's not. ONLY TWO ANCHORS...PRIOR HIGH AND LOW. You keep assuming it's a Low, High and a Low.. No sir..just TWO POINTS..a prior High..and the reversal Low point.
easymon1 Remember, the original chart was posted to illustrate how price action makes Sine Wave type structures, and hence why I used a large chart using a lot of lines.
Actually, it is the double spaced text that one finds gobble up inordinate space. In absence of cogent rudaments of a system, we'll just surmise that your example is not made up of an objective rules based system, which is fine for the mass of traders that don't need no stinkin rules, lol. Post away if they want to know more about this elixer. The beauty of the markets in a nutshell. Step right up.
I agree with you, the nutshell portion is how I use "simple" techniques to derive price-time targets. There was a time my charts were filled with lines all over the place, but now after understanding the underlying cyclic structure of markets, I've learned to incorporate techniques that identify the same values.