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The One: Price Action and Reaction

  • #281
  • Nov 17, 2015 5:55am Nov 17, 2015 5:55am
Quoting bartlby37
{quote} A warning line is a line of the same slope as the original fork. It is drawn at a distance from the fork equal to the distance from the centre line of the fork to the forks parallels. I'm not sure about '3 way' but there is a chart pattern that Tim Morge talks about called three drives - essentially three attempts to push price through a significant level - should the third attempt fail then a move in the opposite direction may be on the cards
Thanks bartlby37. Do you know how the warning line is used and why miho wrote it on the chart?
Indentify > Plan > Accept > Execute
  • #282
  • Edited 6:05am Nov 17, 2015 6:04am | Edited 6:05am
Quoting wizlon32
{quote} Thanks bartlby37. Do you know how the warning line is used and why miho wrote it on the chart?
Andrews said that once price sets off from a line it should make the next line - so in this case it's broken below the lower median line parallel (LMLH) and so it should make the next line, that being the warning line (I've added it to my chart below). Failure to do so would in this case be a sign of strength. Miho has also noted on his chart that price is still making lower lows and lower highs - so for now the downward drift continues. I think this is why Eaglestar started this thread with an emphasis on structure - its easy to see price consolidating at a significant level - price bumps a bit and one draws in a ML, becoming convinced that price is now heading in the direction of that ML. Then price continues the way it was going. I've done this too often. So in this case what would tell us that price really has turned and can we then use a ML to find a good entry with a sensible target. Good God I almost sound like I know what I'm doing ;-)
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  • #283
  • Nov 17, 2015 6:33am Nov 17, 2015 6:33am
Interesting chart on the 5M E/U. Interested to see what will happen if price reaches the arrow.

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  • #284
  • Nov 17, 2015 6:35am Nov 17, 2015 6:35am
Quoting bartlby37
{quote} Andrews said that once price sets off from a line it should make the next line - so in this case it's broken below the lower median line parallel (LMLH) and so it should make the next line, that being the warning line (I've added it to my chart below). Failure to do so would in this case be a sign of strength. Miho has also noted on his chart that price is still making lower lows and lower highs - so for now the downward drift continues. I think this is why Eaglestar started this thread with an emphasis on structure - its easy to see price...
Thank you for your clear explanation.
Indentify > Plan > Accept > Execute
  • #285
  • Nov 17, 2015 7:14am Nov 17, 2015 7:14am
G'day guys

looking forward to working with you all and learning as much as I can
  • #286
  • Nov 17, 2015 7:25am Nov 17, 2015 7:25am
Quoting spyderman
Interesting chart on the 5M E/U. Interested to see what will happen if price reaches the arrow. {image}
Sure like to take this, but I don't dare with USD news coming out in 5 minutes.

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  • #287
  • Edited 7:52am Nov 17, 2015 7:36am | Edited 7:52am
Quoting eeddss11
Not trying to be an ass but all i see are lines ,lines and if a line gets broken ,draw some more lines. It all looks nice after the event when choosing a turning point but what about all the places it did not turn.Ohh thats right,draw another line Please call these as they happen on the right hand side with an "i am buying here because of this or that" or "i am selling here because of this" If you do this i will either believe or not believe but at the moment all i see is scribble and some arrows or circles where things would have worked. Make a...
Please be patient. We will get there one day soon. From the beginning, I have tried to say that I am building a foundation for the future. This is not a trading signal thread or a call service, or an ea robot project. This is something that is progressive.

Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime.

I am here as a guide. It is up to you to do the hard work.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #288
  • Nov 17, 2015 7:52am Nov 17, 2015 7:52am
Not strictly what is being taught here but if you follow the theme here of support and resistance this horizontal line with a pinbar forming at the 61.8 fib is nice. Even though it did not form right on a diagonal line a buy here would have been in keeping with the overall frequency of this fork.

Forking opens opportunities not previously seen

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  • #289
  • Nov 17, 2015 7:55am Nov 17, 2015 7:55am
Test, Retest. Tight stop loss was possible.
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  • #290
  • Nov 17, 2015 7:56am Nov 17, 2015 7:56am
Again
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  • #291
  • Nov 17, 2015 9:12am Nov 17, 2015 9:12am
Quoting wizlon32
{quote} What is the warning line and what does 3 way mean?
hi

I found Silver chart and draw my view....

Thanks to bartlby37 for explanation about 3 drive and warrning line

yes, 3 drive is correct not 3 way...... sometimes I have my own pattern name
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  • #292
  • Nov 17, 2015 9:17am Nov 17, 2015 9:17am
Quoting pipgame
{quote} hi I found Silver chart and draw my view.... Thanks to bartlby37 for explanation about 3 drive and warrning line yes, 3 drive is correct not 3 way...... sometimes I have my own pattern name {image}
Thanks for the chart - nice lines. Price certainly seems to be getting squashed in there - I'm wondering what people would consider confirmation that price had turned higher - trading above that maximum excursion line, breaking above some of those little swings, something else entirely?
  • #293
  • Edited 11:46am Nov 17, 2015 9:51am | Edited 11:46am
Quoting bartlby37
{quote} Thanks for the chart - nice lines. Price certainly seems to be getting squashed in there - I'm wondering what people would consider confirmation that price had turned higher - trading above that maximum excursion line, breaking above some of those little swings, something else entirely?
Hard to say...

For me, I would be trading something like this.... but this is just my view.....


make your own trading plan, please

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EDIT:

did we just see wash and rinse?

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  • #294
  • Nov 17, 2015 11:20am Nov 17, 2015 11:20am
Quoting eaglestar
New EURUSD Training Video, please let me know comments, questions, suggestions. https://youtu.be/8ry_AkseHDI
great lesson, thank you.

A few more examples on how to build the action/reaction lines would be awesome.
the 3rd wave is the crowd's wave
  • #295
  • Nov 17, 2015 11:24am Nov 17, 2015 11:24am
Basic

notice price extremes
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #296
  • Nov 17, 2015 11:43am Nov 17, 2015 11:43am
Quoting eaglestar
Basic notice price extremes {image} {image} {image} {image} {image}
A zoomed in chart of USDCAD shows trade possibilities.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #297
  • Nov 17, 2015 12:00pm Nov 17, 2015 12:00pm
Quoting eaglestar
{quote} A zoomed in chart of USDCAD shows trade possibilities. {image}
nice, never tought of trading S/R lines the same way as with pitchfork median lines.
After the initial test (bounce) set up a limit order on the next close retest...
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the 3rd wave is the crowd's wave
  • #298
  • Nov 17, 2015 4:10pm Nov 17, 2015 4:10pm
Quoting eaglestar
{quote} Please be patient. We will get there one day soon. From the beginning, I have tried to say that I am building a foundation for the future. This is not a trading signal thread or a call service, or an ea robot project. This is something that is progressive. Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. I am here as a guide. It is up to you to do the hard work.
All all that is shown is the fish shop window where the fish are being shown for sale.If you are trying to show me how to fish tell me what bait to use and where to place the bait.
You are all happy to place an old shape fitted chart up with indications on where one could profit so what is the problem placing up a chart that is happening live with a place marked where you can profit.
I trade everyday and take trades based on my plan at certain areas and actually take trades,why is it so hard to do the same live.After all if you do as you say you do and actually place your trades to either win or lose it should be second nature and you should be fairly good at it.
If you are good enough to teach how to trade please be good enough to show how you trade full stop
  • #299
  • Nov 17, 2015 6:35pm Nov 17, 2015 6:35pm
​Most of your questions have been answered by the many high-quality posts in the preceding pages. If I were to provide trade signals I would not do so here and I would not do it for free. I actually post "after-the-fact" trades once they are already on profit or not on purpose just to prevent others from interpreting my post as a "signal". I guess what you are seeking is some sort of proof or validation. Even Tim Morge who commands a hefty price to acquire tidbits of his knowledge does not issue trade signals. However his website (marketgeometry.com) is a wealth of tremendously valuable trading knowledge.
  • #300
  • Nov 17, 2015 7:03pm Nov 17, 2015 7:03pm
Quoting Winston Reed
​Most of your questions have been answered by the many high-quality posts in the preceding pages. If I were to provide trade signals I would not do so here and I would not do it for free. I actually post "after-the-fact" trades once they are already on profit or not on purpose just to prevent others from interpreting my post as a "signal". I guess what you are seeking is some sort of proof or validation. Even Tim Morge who commands a hefty price to acquire tidbits of his knowledge does not issue trade signals. However his website (marketgeometry.com)...

Teachers show a working knowledge of past and present situations with examples of both to gain understanding.I am wary of anyone with a red diamond as to me it tells me you are accomplished writers not traders.This i may be wrong on but with the average amount of posts per year i am not so sure.

I do not want nor need signals and the whole point is to back up what is being taught with data be that good or bad from a forward thinking approach as opposed to hindsight.

Could have, would have, should have are all hindsight. Could do,Should do, HAVE DONE, are in the moment and true to see

There is no future in being a backward thinker so as such the only way forward is to be a forward thinker.

Historians teach the past, Teachers teach the now.

All i am asking is as a teacher please teach the now
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