So, here comes a little lessen, that could have a huge impact on your Trading.
Many of you know that in my arsenal of tools I use the Medianline/Pitchfork tool very often. It's my best tool to project the path of price, find extremes and centers in the markets.
One day, I was stepping back in the world of Action/Reaction and started to research on the wisdom of Dr. Allan Andrews and Babson. I modified their Action/Reaction model in a new way.
Here's what I have found so far:
1. Identify the correct "last" Pivot (Anker 1).
2. Identify the last Low (Anker 3).
3. Wait, until Anker Pivot 1 is broken, and the market did a pullback (Anker Pivot 2).
If you're at point 3., this means that price already shoot up again above the Anker Pivot 1, and preferable even higher as the last Pivot above Anker Pivot 1.
From now on, you can observe, how price is behaving at the Reaction lines (Yellow R's).
How to trade it, use it?
Well, that's upon yourself.
Or, you may wait for a course I'm maybe planning.
But I highly recommend you study it and make your hands dirty §8-)
Happy Trading
Many of you know that in my arsenal of tools I use the Medianline/Pitchfork tool very often. It's my best tool to project the path of price, find extremes and centers in the markets.
One day, I was stepping back in the world of Action/Reaction and started to research on the wisdom of Dr. Allan Andrews and Babson. I modified their Action/Reaction model in a new way.
Here's what I have found so far:
1. Identify the correct "last" Pivot (Anker 1).
2. Identify the last Low (Anker 3).
3. Wait, until Anker Pivot 1 is broken, and the market did a pullback (Anker Pivot 2).
If you're at point 3., this means that price already shoot up again above the Anker Pivot 1, and preferable even higher as the last Pivot above Anker Pivot 1.
From now on, you can observe, how price is behaving at the Reaction lines (Yellow R's).
How to trade it, use it?
Well, that's upon yourself.
Or, you may wait for a course I'm maybe planning.
But I highly recommend you study it and make your hands dirty §8-)
Happy Trading
ノート
At the (blue) resistance, price got rejected like expected §8-)
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。
Remove subjective trading:
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
👉 Andrews Pitchforks applied by fixed rules
👉 Weekly structure maps for Indices, Futures, Energy and Crypto, plus the method behind them.
→ alphametrics.substack.com/?utm_source=tradingview
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。