Does this feel like grade school to you? How about uploading a PDF of the entire “lesson” so we can read and study instead of dragging this out into a big production?
i think he said he will post the PDF when hes done. besides this allows you to read a section and absorb it. hes the teacher after all, im sure he knows how people learn the best
Nice lessons, Tyman, thanks a lot. Particularly that parabolic case is of interest, because I use often the SARs for identifying trends. My EAs also show, they are very accurate, if the trend is really established.
As mentioned earlier, I beleive the goal of all this was so that nothing was being spoonfed. Rather, people could think it through with ample guidance.
This is Tymens method and he has his reasons for doing things his way . Please see #7
[B]Are you lost? You don’t belong on this thread.[/B]
Here’s what you posted on your own thread — you remember, the De-Bunk thread? —
[B]Stay off Tymen’s thread, and there won’t be a problem.[/B]
Thank you Clint.
Great to have you on this thread.
I was looking forward to your arrival.
Originally Posted by [B]Hellogoodbye4201[/B]
thats what i was thinking as well, ive used multiple MAs for variable S/R before so maybe thats what he means. or maybe he just gets a box of crayons and starts drawing on his charts?
Sorrry. None of these!!
Sorry [B]Aarnog[/B]
Prediction is wrong - no moving averages.
By doing it this way gives everyone time to learn.
It is also the best way to learn since everyone can then post charts to greatly assist in the learning process.
Also it allows for the wise input of other members so that the final PDF can be perfected with the very best of knowledge.
[B]TOPIC 5
CONTINUING THE DEFINITION SEARCH
TRENDS AND RETRACEMENTS[/B]
In our search for an appropriate definition, we now turn to the problems brought up by Tonymand (Honorary FX Member) in the above illustration.
movement of price in a particular direction…
Thank you for your submission [B]PipCounterz[/B].
So far we have more detailed information to formulate a definition and we will run with that.
trend expectation is not diificult if good strategy for techniqula analysis is used. i personally use the stochastic and pivot point analysisi together to know the trend. it is a simple and successful for me.
[B]At this point, let us revise what we have so far…[/B]
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uptrend - higher lows, downtrend - lower highs.
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trendlines with correct placement.
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trendline breaks giving hypothetical entry and exit points.
We can use this material in our definition but there is still more we have to know…
To continue our search, lets look at the daily chart of EURO/USD below >>>
We see an uptrend (no definition yet).
I am now zooming out on the same chart and we have this >>>
The 1st trend was AB.
If we had bailed out we would have lost profits. (let our winners run). :o
Why?
Because the trend continues with CD.
OK, now we exit.
Was our exit the correct thing to do?
We zoom out still further >>>
Ahhhh!!
More uptrend!!
We should stay in and grab the best profit at F !!
Lets just zoom right out and see what we get >>>
Can you see the 3 previous uptrends in this screenshot?
If you can, then you can see that it was the trendline CD in this chart.
But there is a whole lot more trend shown by AB.
AB is finally broken by the downtrend, EF, but you can see that it would take several days to discover this, with much attendant loss in profit.
Further, the trendline CD is well separated from AB.
great thread and im looking forward to learning from it…
but i dont understand the relevance of the last two charts, are you again just showing us how trends develops and behaves?
or possibly making the point that trends can look smaller when zoomed into much and by zooming out we get a “bigger picture” of the overall trend?..
or are you saying that when zoomed out you can see how strong a trend line is, and by knowing its strength we will have a better understanding of how far it will retrace before climbing back up towards its strong trend?
or am i just wrong about everything?! lol