(overall, as of 07232010)
description
candlesticks. Logarithm vs. midline nature of them. To go mostly only one way; or, express a deadlock between two of the same; or, a build one way and then a spasmodic letgo of that build due to crossed direction of pressure.
-------------LINE PATTERNS : four descriptions of types 1-5-------------
NAME (APPEARANCE)
1 internal (pivot/dot, level/line)
2 both/shape (blur)
3 repeated
4 rolling (differentiated / L:M-repeated)
5 castle (symmetric) opt. off rolling
CHARACTERISTIC (EXPRESSION OF PRESSURE)
1 a simple internal L:M relation
2 regular polygon (n=3-4, infinite: triangle, square, circle; to produce dot, line)
3 proxy line balancing the other TL's fro,at,to
4 dependent dot or line (set) the patterns related to it actively react with L:M-wise
5 parallel (hi,lo, mid true, mid natural, logr) lines
CONTINUITY (NO FALSE EXPRESSIONS OF OVERALL DIRECTION)
1 N with occasional partial Y help on pivot
2 somewhat random percent of Y
3 immediate N within pattern's area, then Y for a medium while after
4 Y within its set area and then during TLs' affect
5 Y, multiply divided (only split, with rolling) and thus, in a sense, forever
CONTROL (LENGTH OF HOLD PRESSURE HAS ON DIRECTION)
1 immediate
2 shape-dependent
3 moderate
4 proportional (while others do)
5 reframes continuously (anchors for longterm, off rolling)
----------various indicators to help select potent and easy line patterns---------
- Volume Teacher v4. High-volume candles, very low then very low - volume candles, low-volume candles. Matching, opposing price range in the bar(s)/candle(s); helps select more potent TL's when mixed with other indicators.
- 1,2,3,5,8,13,21,34 sma's, single color (personal, likely not ideal, choices) on 'None' most of the time). V's and tiny circles with all lines within them. Price-time line progression along horizontal TL segments.
- Market Hours. 2-12 pm volatile, 12-2 calm, 1-3 pm turn. Opposing repetition, change in trend.
- DutchCandle. Ordered (ex.'s: solid, spike, logr-curved ramp, flat ramp, flat, mountain, valley, and plateau) shapes to figure direction and draw TL's from.
- Zigzag. Symmetry (pivot trend) angles. Entire-area pivot switches, repeated logr's from one s/r touch to the next, and others. A native sense of the angles helps, especially in speedy read of chart.
- and others
examples example 1: slideshow, template; ex 2: s, t; ex 3: s, t; ex 4: s, t
.
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(older overall)
.................... line patterns .......................
The way I see it, chart patterns are made to draw TL's that determine where the price-time line will go next. The pinnacle of drawing TL's from line patterns is when one can get a bunch of TL sets in a row that explain how the area attached to each of them operates in relation to all the rest of the chart areas of the same size. This is a TL series.
After I made my first TL series, I was finally convinced that it's possible to draw even the more obtuse TL sets and trust them without the chart history right in front of me. Standardization should increase this impression.
standardization of the types of TL's I usually find effective, and lots of examples of TL's using this template (each with an EST template, a sketch, and/or pictures of close-up of the area prior to the TL (set), TL (set)'s origin, progression along its lines, end point of its lines, and/or overall impression): 1 sketch, origin, overall; 2 sketch, origin, overall; 3 i, ii sketch, origin i,ii,iii,iv,v overall i,ii,iii,iv,v;
TL series (which uses simple logic to follow through one TL (set) after another, each TL (set)'s area regular or condensed/expanding) (templates (in EST), some with pictures): 1,
Individual chart drawing ideas. Home of bsTL's , an overview. Includes logarithmic cycles
09192010 viral grid -- ordinary ex. and its tpl. Draw a right angle of two trends, only, have no connecting point; then, using same numbers and the usual halving (90, 45, 22.5 degrees), start at a third anchor and subdivide it for the next several directions.
05172010 made a template of
05162010 a usually useless early (called this from the days I posted charts with a series of pip lines that had early lines that never touched anything) line crosses with a level line to make a crossover point, whereupon a third line is drawn through this crossover point from a similar candle setup to the early line's 1
05072010 a 2-repeater with a weighted third making one line go backwards a)
a 3-repeater with a derivational midline that runs from price-time line entry to exit between the fan TL's b)
04222010 a deviation TL and a midline 1
-- 05162010 restudy: Price centered at 1.534, not the lower set of white lines at hre; thus, the midline shown needed its midpoint to be in the middle of the two sets of white lines, which is easier to understand than to try and figure which line in the upper set of white lines to choose.
04102010
On a well-balanced line such as an anything line, multiple midlines between different turns and a pivot-set anything line allow extra use of the anything line:
05172010 A multiple example of drawing from the above type of pivot through a significant midline, that is, overall, 1, 1a, 2,3, is given in this template (EST).
A similar idea is a corner that the price-time line supports the lines of -- Draw two lines ninety degrees apart, then draw a TL exactly between them (45 degrees) or at a 90 degree angle from the 45 degree angle within the corner. Shown is this along a logarithmic settle from a high, so that the price-time line touches the 45 degree TL made once (with a few more to be sure) and then rebounds not to return: 1, 2
(these two go with the rest, to complete picture) 1, 2
another use of vertical-angle trends around a pivot: The last use of a lt TL: 1
03--2010
One goal of mine is to make each TL I draw as informative as possible, in particular how small patterns react to the TL and change the next pivot's time and direction.(The method 'condensed logr' does add valuable interpretation of the chart; the highlighted shapes develop on the TL enough to make worthwhile keeping the TL. It's an example of how I work to view pivots, so that the area following the pivot can be understood with extra TL's from and around that pivot.)
Here's a new way to draw trendlines. Enjoy and share.
To me, trendlines range from being anchored at one position on a bar to being the or at the midpoint between two other points. bsTL's are the former, pip lines fall somewhere in the middle, and trend (or 89sma) centerlines the latter.
edit: 89sma centerlines can be non-89sma-related, the list below excludes one-pip lines (which were, for a while, under balance lines, and which connect two consecutive bars each with a one-pip spread,) and the emphasis is now on one-pip lines over hi-lo channels, the latter of which most of below discusses or gives example for all types of bar channels.
Another thread's post shows an example of proficient use of bar channels.
An exact way to draw a midline for any bar channel is to make, in 1*1 scale, a point where the two lines cross, draw a horizontal midline whose middle is at that point, draw a vertical midline at each side of that horizontal midline, and draw a ray between each of these vertical midlines.
Learned how to draw pip lines better: A lot of bars look like 1,2,3 pips wide, and are 1 pip wide, and visa-versa; also, only a particular range within the 1psb's is the body, even though it is only with a 1 pip spread.
other threads' inclusions: 1, 2, 3
Some of the more effective types of bar channels include
- same-spread bar channels, which affects/studies a close-up, compact area;
- small-spread patterns, each of which project TL's of their effect into a wide, thin, disperse area;
- balance lines, each of which affect a medium, compact area;
- convergence lines, which affect a large, compact area from one vantage point; and,
- crossover points, which projects TL's of their effect into a large, compact area from almost any direction.
Finding effective spread patterns takes practice. A few starters on where to find them are in an area
with
contrast --
Small, very low-spread areas next to very high-spread bars and within a logr curve (natural (vs. 'logarithmic cycle', a construct applied to an indicator such as bsTL's)) for the high-spread bar (> 5'+ TF)
balance --
the widest, most-balanced areas (> condensed 1 TF)
conclusion --
a measure of the volatility of each of consecutive screen-wide areas revealing one area that seems to 'conclude' the ones before it (1' TF)
height --
the highest-spread bar in dozens of screens (various TF's)
bunches of high-spread bars (> in lower TF's)
a tiny area where the price-time line 'bowties' through it (various TF's)
event --
the Friday-Sunday gap (expanded 1'TF)
some of (NFP, : ) the most high-impact news, if coupled with an otherwise unexplainable, very large wave area or other unusual shape (mid (5'-30') TF)
and any other types of areas effective bar channels are found in.
Once get into the 1'TF of the chosen area, a logarithmic cycle with bsTL's would be worth doing around and before the unusual spread pattern found.
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overview
Charts are in a range of spikes and its digestion, to balance and its volatility; put with current vertical lines, that is, news and sessions, these two categories group news lines, session (horizontal) midlines, and 5'TF spikes, and then news (horizontal) midlines, session lines, and flat balances, respectively.
To measure around these lines and their midlines:
- 1' only: Logarithmic cycles (defined as trend centerlines ( trend centerlines' right angle (or, essentially the same, where some are parallel or same-origin-point), which is variously with its midline an in-trend or fall from the top of the trend ) and the same-spread bar channels (especially the opposite doji and the spinning tops separately forming s/r lines or bunches that run continuously through the cycle) after which they find closure with level (go horizontal), find a spread pattern, and create a dot for the turn) on the 1'
- 1', used longterm: Logarithmic cycles that follow (or, occasionally, precede) a large build-up that needs explaining, such as several condensed-1' areas of different volatilities, a huge wave that has near its finish an NFP news item, an especially large small- (or other-) spread pattern, or an especially well-placed, regular event such as the Friday close's bar channel determining the Sunday open's gap and thus need to stay on the chart longer than the usual 1' one
One can save time making templates for current vertical lines (news, session, 5'TF spikes) and for l.c.'s used for more of the longterm view.
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Making bsTL's more precise: 1,http://i45.tinypic.com/rk4y92.jpg, 2;
--> Check the history of a price to see how the chart acted around it; note special patterns beginning at the price. Draw inside of a random spread pattern, no matter how good it is; one of the pattern-based derandomizers such as "eur/usd patterns"'s #61-2's shape areas and related noted in the journal's entry just after then, can determine trend direction or at least instill purpose within the pattern.
12312009 New approach's TL anchor varies from a couple/one to a complex, little pattern to random-and-separate:
bl(|,/ or _, alone) .................. a couple/one
sp(| or _, alternating).............. a complex, little pattern
md-tcs(|_) ........................... random-and-separate
-- a variance of logarithmic cycles, where balance line includes level and dot. Expands tc, regulates bl, lets sp be.
1012010 Another approach pvbl anywhere, where previously defined with either tcs-lsa-ld or sp-(0-90 right angle) balance:
A big ol' 5'TF-effective bsTL (as idea) and an educated guess drawing its logic series (as reason to use idea) to fill it in is enough to trade on. (01032010)
02052010 A trend's advance of intersection, including the intersection's direction and thus time it intersects:
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Part of the bsTL microverse: Overview, patterns (or, those with fewer or more candles), TF use, trading. (And its future: automatic; precise.)