Charts, charts and more charts

[Artycharty]

 

[Artycharty]

 

[inzimam]

Does not have the omph to get through 30850

 

[counter_violent]

 

[inzimam]

This ur freehand view or some science behind it?

 

[counter_violent]

This ur freehand view or some science behind it?

Some science.

watch for price n time breaks. you can do this by counting candles on a down leg v candles on an up leg.

5m chart currently 9 candles in the down leg retrace and only 5 up to break that level

 

[inzimam]

Some science.

watch for price n time breaks. you can do this by counting candles on a down leg v candles on an up leg.

5m chart currently 9 candles in the down leg retrace and only 5 up to break that levelView attachment 318444

Ok let me think about this..

But looks like the ramp.up failed at the second hurdle

 

[inzimam]

Some science.

watch for price n time breaks. you can do this by counting candles on a down leg v candles on an up leg.

5m chart currently 9 candles in the down leg retrace and only 5 up to break that levelView attachment 318444

So are you saying the fewer candles on the upleg to break the price level of previous down leg, signifies momentum to the upside?

 

[counter_violent]

Ok let me think about this..

But looks like the ramp.up failed at the second hurdle

Well we currently got 5 retrace candles and mite be turning up again

 

[counter_violent]

So are you saying the fewer candles on the upleg to break the price level of previous down leg, signifies momentum to the upside?

Essentially yes. shows the urgency of the players to take it higher.

Once you start looking for it, ya will see it everywhere, especially on significant directional moves

 

[counter_violent]

 

[counter_violent]

Needs to motor north now. we is running out of time

 

[inzimam]

Needs to motor north now. we is running out of time

10 min left, pull back?

 

[Artycharty]

 

[Artycharty]

 

[counter_violent]

 

[counter_violent]

shud i rite a buk

 

[counter_violent]

10 min left, pull back?

Volatility is built in to these kind of moves. very hard to determine the turning points on the trend move, but we could see it unfolding according to plan.

 

[Artycharty]

Move down from Purple looks too fierce

 

[counter_violent]

First, the turning point in trend started with a 7v6. We cant know or trade this one, it's simply an observation signal, trend might change. The second was a 9v5 which formed at a higher low. These can be traded as anticipation that the price could move up, but be prepared for them to fail. The third was a 5v4, again it formed at the right place, ie higher low. these are the ones that deliver the bacon. All our prep work should be done in advance, after all, we had plenty of time to make and execute the plan.