IMHO OAPDave FLD was not the best choice for calculating a Target Price.
It was a good choice to follow the trend
It was a good choice to follow the trend
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Disliked{quote} Blackstack chart with a different FLD (in yellow) - it is hand drawn, just to give an idea {image}Ignored
Disliked{quote} you do not understand what i mean. It was just an "example" to thought about, not something I advise Hence if the normal FLD "model" does not satisfy you. a) you do nothing, rather to look for unexisting or bad set-ups as Price Action will offer you many obvious opportunities in the Future b) do a post-mortem analysis and check what would have been the best FLD's to use. This will be very helpful in the futureIgnored
DislikedHello ParisBoy, do you trade all FLD breaks, or just the ones with a certain angle? Thank,sIgnored
DislikedHi Parisboy, Thank you for sharing your great knowledge on envelopes, waves and cycles. The envelope indicator in TradingView (free version) has the "length" and "percent" inputs only. I cannot figure out how to add or subtract to a range in this case.Ignored
DislikedGot this going down, Got stopped out at first little risk. recovered double with traling stop. I might avoid consolidation areas might focus my trading on extremes but might take time to get there but patience is a virtue. {image}Ignored