YoungBuller
Junior member
- Messages
- 14
- Likes
- 0
The following are observations stemming from dbphoenix's SLA/AMT. Once price reaches the extreme of the Weekly channel, I'm looking to enter off the Hourly.
This chart shows the potential trading opportunities as presented by the Weekly trend channel and AMT:
*Note: This channel could not be drawn until the point in time that the vertical black line represents.
One thing I have observed is that price often convincingly breaks the supply/demand line by more than 15-20 points when it is truly ready to reverse. Price doesn't merely poke and prod its head out, but instead goes off to the races like horses out of the gate. The first RETracement after the break is entered, and STOP placed ~5 points behind the trough of the wave.
There will be more examples presented as time allows.
This chart shows the potential trading opportunities as presented by the Weekly trend channel and AMT:
*Note: This channel could not be drawn until the point in time that the vertical black line represents.
One thing I have observed is that price often convincingly breaks the supply/demand line by more than 15-20 points when it is truly ready to reverse. Price doesn't merely poke and prod its head out, but instead goes off to the races like horses out of the gate. The first RETracement after the break is entered, and STOP placed ~5 points behind the trough of the wave.
There will be more examples presented as time allows.
Last edited:
