We will see.....
hope Eaglestar didn't hit SL.....
nice weekend to all
hope Eaglestar didn't hit SL.....
nice weekend to all
The One: Price Action and Reaction
- #364
- Nov 20, 2015 2:00pm Nov 20, 2015 2:00pm
Was reading Tim Morge's book "Trading with median lines" and had an aha moment.
I just realised what it really means, and what you can do with it, when Andrews said that if you have an a-b-c pivot formation (H,L,H or L,H,L) then price will reach the median line with 80% accuracy.
Sharing here my notes, hope this helps.
thank you eaglestar
I just realised what it really means, and what you can do with it, when Andrews said that if you have an a-b-c pivot formation (H,L,H or L,H,L) then price will reach the median line with 80% accuracy.
Sharing here my notes, hope this helps.
thank you eaglestar
the 3rd wave is the crowd's wave
- #366
- Nov 20, 2015 6:32pm Nov 20, 2015 6:32pm
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
Was reading Tim Morge's book "Trading with median lines" and had an aha moment. I just realised what it really means, and what you can do with it, when Andrews said that if you have an a-b-c pivot formation (H,L,H or L,H,L) then price will reach the median line with 80% accuracy. Sharing here my notes, hope this helps. {image} {image} {image} {image} {image} {image} {image} thank you eaglestar
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #368
- Nov 21, 2015 4:18am Nov 21, 2015 4:18am
Or maybe like this, now? {image}
also considering the bigger picture, some of the possibilities:
Price just tested the median line and failed to get through, so price could test the upper MLH or sliding parallel (SH)
Is the action reaction (AR) set valid or missing something?
the 3rd wave is the crowd's wave
- #371
- Nov 21, 2015 9:17am Nov 21, 2015 9:17am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #372
- Nov 21, 2015 9:39am Nov 21, 2015 9:39am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #373
- Edited 10:26am Nov 21, 2015 10:13am | Edited 10:26am
{quote} Juri have you tested this on a trending market? My concern is that if you were to treat every pivot as a potential turning point you might get burned in strong trends
(mod schiff is used when price spikes up or curve is too steep)
Also trade wih common sense, you have a brain, so use it. We all knew that EURO was going crazy, who buys against such a strong downtrend?
Also, always consider the pivots in relation to the overall waves, you do not take every small pivot with no move away from the lowest pivot (in case of a downtrend). If there is clear momentum, then you consider it a pivot low.
If price can make an extreme on a horizontal plane (price), then time can make an extreme on a diagonal plane(time and price). The point where these 2 meet is powerful. The same trade with a different plan could be potentially be more profitable. Know the possibilities, know the potential outcome. {image}
the 3rd wave is the crowd's wave
- #374
- Nov 21, 2015 11:01am Nov 21, 2015 11:01am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
- #375
- Nov 21, 2015 11:24am Nov 21, 2015 11:24am
- Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
Ppsssstt have lil time .... dont tell my pirates .. they gonnakillme .... 
so wit out knowing the roots ofthe problem ... wont solfee a problem ....
lets start .. slow andother can expent their verozon , horayyyyzon to the level where where he she see it acceptable ...
OR BETTER ... never look back ... north the only way to go .... !
it started with archimedest ...... but that before ...... mercedest ......
look chaosbut withhis thinking it is not ......
so wit out knowing the roots ofthe problem ... wont solfee a problem ....
lets start .. slow andother can expent their verozon , horayyyyzon to the level where where he she see it acceptable ...
OR BETTER ... never look back ... north the only way to go .... !
it started with archimedest ...... but that before ...... mercedest ......
look chaosbut withhis thinking it is not ......
