Thread: The Great Pumpkin

An idea here. Could be used to improve egies that fail due to change of market conditions.
k

An intriguing metaphor, from the booklet The Egg of Columbus of G. Bayer (PDF easily found online). He postulates a standard pattern of growth and decay of stocks and commodities. He (with some humour) contrasts it to the course of the dinner (bull phase), and after relieving in the toilet (bear phase). Overall it looks like an Elliott wave pattern.

A countertrend trade in oil now motivated by this pattern.

Added a trade in the white wine phase (original pullback):
k

Exactly the exact same pattern occurs about the weekly tf.

Added a little more on the red wine part of the pattern (second pullback). Will exit shortly.

The guest was in the mood for red wine, so I retained the place open. The neck is slowly currently showing up. Time for a burst upwards (champagne) and then reversal pattern (desert of this dinner).
k

Price decided to return there, and has triggered the s/l for a small reduction. Will be interesting to see whether this produces a pattern elsewhere.
k

I relied on s/r lines for quite some time now, but have always been worried about it. It requires monitoring of the charts. I believe I may have found the time element that I was looking for, letting me make edued guesses when the bounces would happen. It's an indior as old as the hills, and it seems to work: the pitchfork.
See below an example of a pitchfork/support line cross in oil yesterday evening. Both were attracted before the time of bounce.
Cheers,
k

Originally Posted by ;

Price decided to return there, and has triggered the s/l for a small general loss. Will be interesting to check if this creates a larger-scale similar pattern tomorrow. k