TO, there's a mountain pictured in the chart. The price's been going down for two days. --- It's obvious that you are trying to teach. NYSEStocks made a lot of us think by posting his original question and IMO his mission was accomplished by that. He never gave a direct answer because he had promised to someone he wouldn't. I believe knowing the definition of what is "The Obvious" would be a good Reference Point for those who are eager to learn. Some will stick around, some will continue to search for whatever they are willing to find. Otherwise, what you are talking about here is like believing in God.
Forex chart move fast, to see the sticks, I watch the ticks, brain is _ _ _ _ _ _ up. Picked a bad week to stop taking tranqs.
----------------------------------------------------------------------- A few obvious lines, and I left some out. Big gap down too.
I meant the kind of symmetries some tree leaf exhibits TIME axis is more important than the PRICE AXIS ??
The way I see it when taking a reverse trade it is necessary to behave consistently when facing uncertainty. In the thread 'If you had a choice to pick a box that would...' the message that seemed to come across was to wait a few bars after a fall had apparently stopped, 3 or maybe 4 if I recall correctly, before taking a reverse trade and draw a box containing those bars. If the reverse trade failed then a stop below the box was the exit point. In that thread I don't think there was any mention of the time frame that the bars were on but I presume it was probably fine, with bars less than 5 minutes duration.