bracke said:erie
I don't know if rainman is confused but I am.
I have looked at post 1 by dbp and the springboard on his chart appears very similar to that shown on rainmans.
1 If rainmans is not a springboard, what is it?
2 Is dbp's a springboard?
3 How do the two differ?
Regards
bracke
ymonly said:with all due respect i contend they are both the same...of little to no value...it either runs or chops...imho...thanks
bracke said:What about this chart. Results are due on 28 March, woild you trade now or wait for the breakout?
firewalker99 said:"Little or no value"?!
sorry ymonly... has to be the most surprising post to read in this thread!
if you know how to trade them they can be extremely profitable...
Splitlink said:From what I see, they are no better than other patterns. Sometimes they work and sometimes they don't, To me, the first chart represents a failed high with the start of a new trend. If that was interpreted correctly, as such, it, too, would have signalled a successful short..
In the same way, with Rainman2's chart, post 107, the initial uptrend found a new high at the end, where he shorted and got stopped. A difficult chart to figure but, still, that is what I see. At the very end, I see it going for another high which, if it failed and broke below 62.5, would get me out of the long trade. Could you tell us how that chart went, Rainman2?
Split
firewalker99 said:It depends if you consider the move up near the end a new high or not. I would not (it only goes a couple of ticks higher) and hence would be out (if I was long) after it failed to go higher than the previous highest high.
Splitlink said:As to what I consider new highs/lows, I draw my R/S lines across the bodies of the bars, ignoring the spikey parts as "returnable". That would, just, justify me calling that one a new high. The devil's in the rules
Splitlink said:Bracke,
I don't see this very clearly, either. I suppose that this is meant to be a clue that something is going to happen and has to be used with the stop. If the stop triggers, bad luck.
Split
bracke said:Splitlink
I still remain confused.
Surely we should use stops on all our trades?
Regards
bracke
Splitlink said:Yes, always. What I was trying to say, not very well, is that something else is needed with springboard. By itself, it is a warning that something is about to happen but direction still has to be decided.
Split
bracke said:Splitlink
Generally agree but remember sp can move sideways for a long time and as dbp has pointed out the hinge may just resolve itself into more sideways movement.
However the chart I posted last week of SMC has seen the platform resolve itself. See chart below.
dbphoenix said:A springboard is not a system; it is a characteristic of auction markets. Bollinger Bands are simply a measure of standard deviation.
ymonly said:until the run reverses it doesn't mattler to me...it is chop....chop and run is all i see......or my systems sees adn sends me the early message....yes or no...manual or machine it delivers..