Recent content by YoungBuller

This comment confuses me just a bit as I thought using the hourly that I would be taking my cues from the Weekly trend channel alone (waiting for the extremes). I'm not quite sure what cues I'm supposed to be taking from the daily.

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...

So you shorted near the median because it was a failure at the July high. And we just experienced another one. Going back to those different channels I posted, I just want to confirm that as long as I was looking at one of those channels at the time I would have been alright for gauging OB/OS...

Why would you short a reversal off the mean? I thought you only traded at Extremes? Or are you just including all possible hypotheticals?

1. I'm with you. 2. By "we left value a month ago", I'm assuming you mean the bounce off the median at ~4730. Are you referring to a reversal off that median and the "subsequent long" would be the bounce from ~4455?

I understand that completely. The channels are there to alert the trader to "overbought" and "oversold" conditions. A reversal short taken an extended distance away (above) from value is more likely to pay off and pay bigger than one taken near or below value. The key is to recognize that price...

So, more appropriately, it's technically called "median-reversion"? And if there isn't a borderline painfully obvious median, then there's no channel and no compelling trades if one prefers to trade median reversion?

You mean try to draw the mean before the limits? Are you saying there's not necessarily one "correct" channel but as long as you have something that resembles price revolving around a mean then you should be alright?

A bit of a sidetrack here going back to your original SLA.doc. I have a question about the trend channels you have drawn in the document. In one, you have this channel: In another, you have this channel: And in yet another, you have this channel, which I perceive to be the "correct" one...

Indeed it may. Even though price only got to ~4700, would you still be looking for a reversal? P.S. What tool do you use for those nice red and green dots?

Do you place the importance on 8/24 because of the climactic action? Does climactic action like that trump any sort of channel that may be in place? Is there anything wrong with waiting until the 30th or 10/1 to enter on the Hourly given that the entry on the 24th or 26th would've required...

So you're saying the next-oldest channel never came into play? And that after the climatic low, one would be looking to get long to ride out a reversion to the mean? If price does indeed reach 4740ish, would you still be looking to possibly short despite it being around the channel mean and...

When price blew through the lower limit, does the next oldest channel become the pertinent one? Would the line of least resistance then become down as price bounces off the upper limit of that next oldest channel from August until about the 2nd week of October? Then it works its way back into...

When the new high was made at the beginning of November, would the lower limit of the trend channel be rotated downwards to include the point of the Aug '15 low? Or would we leave it in place? I know the last time this happened in June '14, you redrew the trend channel from the purple shaded...