Originally Posted by Frank  hi mitsubishi,
I was the first one who responded to this thread as I didn't understand the right angle part --- I don't see right angles on your original chart -- I see angles that are less than 90 degrees. Since then I looked through some posts and see something about 30 and 60 degree angles adding up to 90 degrees.
My initial post was asking you to realize that the scaling of the chart, in addition to the angles, was what was driving the projections. I hope this helped you on your way to financial freedom. It apparently did.
Now, I see lots of charts you have posted with various angles and I see that you often draw a line to a morning reversal price and then it extends from the reversal point directionally the other way.
I assume in real-time, you are positioning and re-positioning yourself to have a trade that lines up with these directional price objectives.
What I still don't understand is -- what is your theory on why your default 1-min scaling (with angle-based price objectives highly dependent on that) will persist in the future? I guess to some extent if you vary the lines from 30 to 60 degrees, there will be an offset to a higher or lower S&P absolute level and that these factors will cancel each other out and you still can create your lines.
Personally, I think that if this is working for you -- my suspicion is that it's because of something you innately understand about the markets more than anything your price projections are telling you.
If you can more clearly state when you do a 30 degree line and when you do a 60 degree line -- that might help clear things up |
Thanks frank.Yes i do remember you as an early responder and i appreciate the fact that your intent was to help.It's difficult for me now to get into too much detail for obvious reasons.I take on board your comment about how i am reading the market being more important than the projections and the bottom line (scuse the pun) is unless you understand the market every tool is useless.
I will tell you what the biggest problem was with my initial efforts here was,and that is timeframe.As with other methods,the lower the timeframe,the more noise and less clarity,and hence you have too many lines inside an intraday chart.By moving to a bigger timeframe the picture becomes clearer in several ways and then you can drill down again as the need arises.An associated problem was,before you can project a line you need to be certain that you are looking at a high/low and you cant know that for certain in real time.Even lines projected from prev days have to connect with what may/may not be todays high/low.
The difference now is that once you have several lines already connected in the past they form part of what will become a complete 'pattern' and that can only happen at one price and time in the future.(and another set will create an alternative 'pattern') One pattern will complete if we go short,another if we go long.
The absolute beauty of this model is that the geometry predicts the price and time and the maths confirms that price when it is superimposed on the pattern. The bigger the pattern the slower the signal but bigger price target and more certainty and the more time you have in advance of it occuring ,so you can use other analysis to confirm and you dont need to chase the market.You can let it start it's journey unless you are being more speculative (greedy!) if you know the target price you know if its worth getting on board.
This short trade i am holding now ,for example.The pattern started developing at the beginning of the month but there is no way you would know that because you have to have several price points before you can complete the pattern and superimpose the maths to give you the target-which will be exact time/price.But as we know the market develops fractuals and these geometric patterns vary in size,so in some cases you can predict a price within a 2 day period for example..But in every case most of the pattern must develop before you can identify the target.Unlike the prev stuff here,in every case you have certainty with past prices and there can only be one possibilty. But the smaller the time frame,the more uncompleted fractuals and less certainty.If you take today,i identified the probable high which was correct, but my probable low was way way out because the low we made completed the pattern from the beginning of the month.But who knew what would happen today? So i may well have been trying to catch a falling knife today if i hadn't already been short from 1028 2 days ago and the only trade i did today was short the morning high down to 1020..leaving a lot of money on the table.No escape then from the usual traders problems,but a lot better off than when i started this thread.Had the low been 1017 it would have completed a small fractual and been perfect maths/geometry.You still could have gone long 1017-27.(btw the maths i am referring to does NOT refer to the rule of ten.)Hope you made money today.
Btw, the fractuals part probably answers your question why 1 min timeframe persists....
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