Price is not random
1
I missed the downfall to be honest :/
Was 'busy' with other things ( slapping self )
The math:
sin(30) * high of marked top ( numerical equivalent full number ) --> sin(30) * 73.148 (high x 100) = -72.2725372391
-72.2725372391 / 3 = -24.0908457464 [ ignore the sign ]
Thus look for turns every 24.0908457464 candles ( x0.5, x1, x1.5, x2, etc etc)
Why divide by 3? Jenkins books mention the significance of numbers 2, 3 and 5
I personally divide by 3 and by 4 and see which fits best
What the candle counts do is ALERT and warn you to be on the lookout for a possible upcoming turn, especially when price is heading to a support/resistance line
Then when price shows PA at the S/R ( e.g. railroad tracks aka two-bar reversals, pinbars, Ms, Ws, H&S, stop-hunt, etc ), even better, coz that's confirmation of a possible turn
The S/Rs come in handy once in the trade as they are no-brainer TP targets
Cheers
Was 'busy' with other things ( slapping self )
The math:
sin(30) * high of marked top ( numerical equivalent full number ) --> sin(30) * 73.148 (high x 100) = -72.2725372391
-72.2725372391 / 3 = -24.0908457464 [ ignore the sign ]
Thus look for turns every 24.0908457464 candles ( x0.5, x1, x1.5, x2, etc etc)
Why divide by 3? Jenkins books mention the significance of numbers 2, 3 and 5
I personally divide by 3 and by 4 and see which fits best
What the candle counts do is ALERT and warn you to be on the lookout for a possible upcoming turn, especially when price is heading to a support/resistance line
Then when price shows PA at the S/R ( e.g. railroad tracks aka two-bar reversals, pinbars, Ms, Ws, H&S, stop-hunt, etc ), even better, coz that's confirmation of a possible turn
The S/Rs come in handy once in the trade as they are no-brainer TP targets
Cheers
- #1,608
- Mar 9, 2021 12:48pm Mar 9, 2021 12:48pm
- Joined Apr 2020 | Status: learning to become butterfly | 741 Posts
{quote} Yes
next question the numbers on your charts in your previous illustrations for the most part are these Elliott wave? making my way through a ross beck with reference to Elliot and illustration with numbers placed very similarly to yours just out of curiosity is it a Elliot count?
thanks for taking time out your own life and day to respond
whishing you good health
- #1,612
- Mar 11, 2021 10:12am Mar 11, 2021 10:12am
- Joined Apr 2020 | Status: learning to become butterfly | 741 Posts
{quote} Thanks a lot, I shall have a look at that. I'd still like to know if there's someplace I can find a clearer version of these charts since this problem seems to exist only with Secret Angle Method, the rest of the pdf files are clearer.
thats a very good point maybe it was done on purpose
- #1,614
- Mar 15, 2021 11:19pm Mar 15, 2021 11:19pm
Took my first ever trade using this methodology yesterday. Cleared up the angles after making the vertical lines to make it easier to trade. Made about 33 pips on this. Still new to this and adapting but more excited than ever
Thank you to diamondminer, swede and all the others who provided the material and the support in this forum to help all of us
Appreciate it
Thank you to diamondminer, swede and all the others who provided the material and the support in this forum to help all of us
Appreciate it
{quote} pipsquick16, all I going to tell you is read the Jenkins book, The Secret Science of the Stock Market. DM
{quote} Thanks DM for the info and will be buying that book asap.
{quote} Yes, strongly recommended. Its the first Jenkins book I bought many years ago and still have it on my trading desk...
Just read the first lines and not sure to continue...
Always ready to help
