can someone direct me to a strategy based on action reaction lines??
The attached chart shows a simple example of action/reaction. The key to the principle is to find a valid center line and measure back and project forward equal distance. These do not have the higher probabilities that median lines have. You can also have a horizontal or diagonal center line to measure up and project down or visa versa etc. Some count bars back and forward, some call it symmetry, and on and on.
I am a big fan of simulated trading ideas before even thinking about live trading something new so don't take this as trading advice but instead something to study.
Curt
The attached chart shows a simple example of action/reaction. The key to the principle is to find a valid center line and measure back and project forward equal distance. These do not have the higher probabilities that median lines have. You can also have a horizontal or diagonal center line to measure up and project down or visa versa etc. Some count bars back and forward, some call it symmetry, and on and on.
I am a big fan of simulated trading ideas before even thinking about live trading something new so don't take this as trading advice but instead something to study.
Curt