The One: Price Action and Reaction

Quoting bartlby37

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{quote} It's the unkown points that concerns me - I think ML are powerful as a way of measuring the market - we know that price should reach the ML of a ML set drawn off 3 alternating pivots - that's a powerful piece of information - (I particularly like failures - the other 20%) - anchored on unknown points does the ML set have the same probability??? And unless the means of deriving those points are consistent then surely we're just curve fitting - it may or may not work but an inconsistent method would make analysis of the results impossible

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Quoting kapital

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{quote} I agree. There has to be a consistent method in determining the placement of the pivots. I've reached out to Tchariq but he/she has yet to respond.

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Quoting bartlby37

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{quote} Well I'd be interested to know if you get a response. The more I look at markets the more suspicious I get of lines - I've been reading Adam H Grimes blog and he does an interesting experiment with support/resistance lines/levels http://adamhgrimes.com/blog/randomsrlevels/ He's done similar things with other popular lines/ideas - quantitative analysis of fib retracements for example and made himself quite unpopular in the process I think. I still don't know exactly what I think about the experiment but it does make you think -...

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Quoting eaglestar

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Where are prices turning? They are turning at previous highs or lows near pivot extremes. {image}

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Quoting kapital

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Mo' triangles: {image} {image}

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Quoting eaglestar

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{quote} Noting what we just learned, apply now this to a 2 dimensional chart. It now becomes 3 dimensional, accross price, time/space. {image} {image}

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Quoting eaglestar

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{quote} Brilliant. Finding someone that can experiment as much with lines as me is a pleaure. What do you think of the cycle geometry? Post some of your cycle work please if you have any. I am in the process of creating an excel spreadsheet that will say when on different time frames price could make highs and lows and combine them with forks to have even more precise entry possibilities.��

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Quoting kapital

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BEFORE & AFTER {image} {image}

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Quoting ramzam

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{quote} hi can you share me how u bring this set of lines ? when i try to do pitchfork it give me 3 lines only.. even i tried to do as like fibo lines.... i see this pic so how come it is possible? any indicator or any special pitchfork ? are you using? kindly share please {image}

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Quoting kapital

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{quote} These vertical lines on my charting platform (Tradingview) are called cyclic (or cycle) lines. They are just equidistant vertical lines.

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Quoting ramzam

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{quote} i had asked that aqua color lines... not yellow vertical lines {image}

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Quoting kapital

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{quote} Oh...those are warning lines for the pitchfork. They are equidistant lines on each side of the pitchfork. Since it appears you don't use Tradingview, I can't tell you how to produce the lines on your charting platform. Share which platform you use and maybe someone can assist you.

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