PollyM
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PollyM
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In any case, it can only go in two directions, up or down. In your daily life you have all sorts of things happening to you from all directions and you can manage it. In the case of price, prepare for both ways. Do your calculation and put yourself in two places at once, ready for the market to meet you.
robster970
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or sideways.
PollyM
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Fact and fiction work as a team. At some level, you will find this sideways movement is made of ups and downs.
PollyM
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And then up and down in two dimensions is round and round in three dimensions. Talking to myself now, it's getting serious!
PollyM
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Anyway, whichever way it goes it's breaking up. Houston we may have a problem.
PollyM
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Whilst I trade from calculation, the many years studying price charts tell you many things and this the most obvious (but maybe the least realised): Market waves should be wavy.
Look at the trajectory of price from around last December, it's practically straight and the range of the channel is very tight. A rate-of-change indicator (whichever you use) will show this trajectory is waning, and last couple of days have shown the first distinct elliott wave on a small scale. This has now retraced itself, and this also coincides with the price level last April/May time.
Again, I trade from calculation, but the signs are interesting. Have to wait and see.
Look at the trajectory of price from around last December, it's practically straight and the range of the channel is very tight. A rate-of-change indicator (whichever you use) will show this trajectory is waning, and last couple of days have shown the first distinct elliott wave on a small scale. This has now retraced itself, and this also coincides with the price level last April/May time.
Again, I trade from calculation, but the signs are interesting. Have to wait and see.
Bint_Crusher
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If I knew that I would be trading it with 100 contracts.
PollyM
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Trading from calculation, it's recently turned short. As with the movies, you always get a trailer (ie the small elliott wave).
Applying the spiral model, a straight 2d wave is a distorted 3d wave, and it'll be interesting to see where its recalibration point is.
PollyM
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You don't need to know, you just go where the wind takes you.
