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- #1,149
- Edited 1:58pm Dec 17, 2006 1:45pm | Edited 1:58pm
are you referring to the 1 hour interval and is your channel drawn to the beginnig of the week. if so your median is at 1.9543
I was reffering to Daily chart, Jameca, which supposed to reflect a monthly trend. And Sundays middle line was the one I was reffering to.
Quote:
1) According to Roshan, the Big Boys draw their channels at the begining of the month.
End quote.
So, my daily chart, with monthly LRC (parameters: start day 2006.12.01
end day 2006.12.16)
I was reffering to this channel. The channel is driven as a ray, so it projects into the future, and by putting a vertical line on the next day's data I see where the upper channel line, bottom line and the middle line hits the next days vertical line; i.e. are projected for that day. Thus I can plan the trades in advance should the trend continue. I know where my limit buy is going to be and where my limit sell is going to be. The end day I change every day, but the start day for the month stays the same.
Unabble to attend the TS room, that's how I manage on my own.
H1 chart needs a constant attendance because it should be redrawns if the spike occurs, otherwise I use the same principle: put a vertical line for a time in a future, to see approx levels of channels in comparison with price movement and then plan my trades.
If I am wrong, be better if OR kindly corrected me, 'cause I don't want to end in a poor house by wrongly interpreting his spectacular method
!Also there is no way my firewall will allow me to attend TS room. What do you do guys, disable the firewall?
Cheers
- #1,150
- Dec 17, 2006 2:46pm Dec 17, 2006 2:46pm
LOL; my median is where my median is, Jameca, at 1.9516!
I was reffering to Daily chart, Jameca, which supposed to reflect a monthly trend. And Sundays middle line was the one I was reffering to.
Quote:
1) According to Roshan, the Big Boys draw their channels at the begining of the month.
End quote.
So, my daily chart, with monthly LRC (parameters: start day 2006.12.01
end day 2006.12.16)
I was reffering to this channel. The channel is driven as a ray, so it projects into the future, and by putting a vertical line on the next day's data I see where the upper channel line, bottom line and the middle line hits the next days vertical line; i.e. are projected for that day. Thus I can plan the trades in advance should the trend continue. I know where my limit buy is going to be and where my limit sell is going to be. The end day I change every day, but the start day for the month stays the same.
Unabble to attend the TS room, that's how I manage on my own.
H1 chart needs a constant attendance because it should be redrawns if the spike occurs, otherwise I use the same principle: put a vertical line for a time in a future, to see approx levels of channels in comparison with price movement and then plan my trades.
If I am wrong, be better if OR kindly corrected me, 'cause I don't want to end in a poor house by wrongly interpreting his spectacular method
Also there is no way my firewall will allow me to attend TS room. What do you do guys, disable the firewall?
Cheers
It seems sound let's see how it plays out...Its seems the cross of the daily channel at the beginning of the month, and a longer term daily channel, (most recent bull run starting early november) will be tested.it may mean a small bull run 40-50 pips then most likely a decline. EURO has already declined to 130.55 in the korean current session possibly leading to a sunday bear candle.
