Also the FTT was seen at our moving average. It may be something to watch out for, It may also to lower the signals importance if it is cause by a moving average. After fixing break out level it seems that elsewhere we can see it takes BO level to go through a the MA. no statistical importance yet. Adding indicators gets tempting as our signals are not perfect. A hybrid system may help in filling the gap while we learn
The Pm View leads to better trend lines. But cloudier volume. AS hard as it is, we will have to try to stick to our goal of having an exact entry and exit/reverse system over batter trend lines. in the future we can play with PM charts and AM only charts for volume. The moving average at the FTT was important, if I add Bollinger they will seem important. Actually Right now I am thinking with the 3 I have a good enough system to trade. This is where one gets lost. We must stick to the plan and get exact entry and exit/reversal rules. Having a tight forward envelope is of more importance.
Thanks ! I guess what I thought were sad excuses for tapes should of been well drawn out transverses. Really an eye opener. It is magic ! The FTT occurred cause of the Larger term time frame (Red) However price did break through and it stopped on a trend line drawn using both PM and AM data.
Here is my take of it . Your FTT occurred cause some people had AM data only. But in the end we pushed to the trend line drawn with PM and AM data. Ill have to look at the volume. It is challenging to read in hind sight. And I am still not in the habit of reading it.
My bad, Very new to these trend lines. A couple of rules were broken here, as indicated on the chart. our second transverse does not start in the first transverse. Also we had to create a new transverse after (the thin yellow one) Ill try to keep my trend lines clearer
Tu ne quaesieris, scire nefas, quem mihi, quem tibi finem di dederint, Leuconoe, nec Babylonios temptaris numeros. Ut melius, quidquid erit, pati. Seu pluris hiemes, seu tribuit Iuppiter ultimam, quae nunc oppositis debilitat pumicibus mare Tyrrhenum: sapias, vina liques, et spatio brevi spem longam reseces. Dum loquimur, fugerit invida aetas: carpe diem, quam minimum credula postero aetas: carpe diem, quam minimum credula postero minimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula posterominimum credula postero
Dont be that particular stupid.You saw the pattern and appropriate mirror of volume.They travel in togetherness across the chart`s Universe.You saw it once,drop all the other 'PM','AM','double m','tripple bam' bollox and just be the pattern junky.Once you spot it - trade it!You wouldn`t need anything else. quam minimum credula postero.
So here we have tried to fix up the volume. We can see that at some point we are having volume decrease while we are going with the trend. ?? Why Also we are now in flat volume going counter trend, we should be in decrease volume
Que pasa sinorita? cervza? corona? Destraction is detraction.... Good call on the AM PM fix. It was an observation and as I mentioned we will not be able to use it at this time even though it does show some validity.