Disliked...DislikedMy one chance to get to the screens today. Simple Spike-Hunting via Spiders From Mars (on Bars) and Dynamic Pivot. Greetings Lem. Following quietly along and reading up on Billy Bar and the AU H4. These are rinse & repeat type trades and I have used similar breakouts on my Futures charts. It is good to see the comraderies that have developed in this thread and the open sharing of info. It is taking a long time to catch up with you guys - so many pages to digest and I am still working through the update list you providedIgnoredIgnored
When I trade this naked chart (The Spiders From Mars) I am looking at pure price action as it (a) reacts around the Dynamic Pivot and (b) does what it always does around a spike - retraces back against the move and then often continues on as it reaches the 23.6 or 50% levels (and/or the nearest Z-Line).
There's no magic voodoo, just a knowledge and feel for how the market and price ''breathes'' as it goes about its day.
Normally I will use a line chart for this as well, hence my comment about this one being bars instead. There's nothing to read into that, I simply hadn't time to change it over as I saw the spike.