Thread: The Great Pumpkin

Originally Posted by ;

I depended on s/r lines for quite some time now, but have always been nervous about it. It requires constant monitoring of the charts. I believe I may have discovered the time element I looked for, allowing me to make edued guesses when the bounces would happen. It is an indior as old as the hills, and it seems to function: the pitchfork. See below an example of a pitchfork/support line cross in oil day. Both were attracted before the period of bounce. Cheers, k image

The pitchfork, basically an imaginary line on the screen (but attracted according to rules), becomes a price service. Random market my bum.
k

Originally Posted by ;

quote The pitchfork, basically an imaginary line on the screen (but drawn according to principles), becomes a price service. Random market my ass. K image

Epilogue of the news supposed to be damaging for oil price today. Notable are the replica of the Bayer#8217;s pattern (soup bass) in an even larger time/price scale, as well as the service provided by the pitchfork - a ";arbitrary line on the chart";.
k

Originally Posted by ;

An intriguing metaphor, by the booklet The Egg of Columbus of G. Bayer (PDF easily found on the net). He postulates a pattern of stocks and commodities. He (with some humour) compares it to the course of the dinner (bull stage), and after relieving at the toilet (bear stage). Overall it looks like an Elliott wave pattern. picture

Interesting to compare the Dow with the Bayer's pattern. As far as I can see, we're in the ?champagne? stage... (Some time ago I calculated that the resistances in Dow to become 25000 and 29370.) Hope I am not correct on this.
k

For pinpoint entry I really like using twoblink's high quality reversals on low tf (~ 5 minutes) in the S/R levels (fresh supply/demand, Slt;R, etc).
k

Chart ditch. Awaiting oil price increase, programming and exhausted new glistening indiors.

Originally Posted by ;

Awaiting oil price increase, bored and programming new shiny indiors. image

Having pleasure.

Originally Posted by ;

quote Interesting to compare the Dow with the Bayer's pattern. So far as I can see, we are in the ?champagne? phase... (Some time ago I calculated the resistances in Dow to be 25000 and 29370.) Hope I am not correct on this. K image

Like clockwork. Hopefully Trump's corporate tax reform wins this market test. Last crisis (pullback to Dow uptrend) shattered much of southern EU economies...

Originally Posted by ;

image

Nice picture Parisboy !
Price on your image is at left side (Y axis), and time on the other hand (X axis), if I understand it correctly. Starting of the picture is just candle stick or bar chart, and you attempt to add angles squares and lines line on it. Not understand how do you choose the octave, I presume it's from Zero percentage to 100 percent climbing, and split it using 8 ??
If I look at Murrey Math calculation, you will find spare -1/8 and -2/8 range at bottom, and 1/8 and 2/8 in addition to the range, so complete are 12 lines. Can it be the reason ?

Time will also be significant besides price calculation, and I do not understand why there's skipping time ? Be aware that time show are in one, two, three years length are okay, ex : 2011, 2014, 2017 will be time show Exists' three years length. Why this duration is chosen by us ?
Does this imply that next month the price will go to around 20,750 could be ?? I can be wrong just trying to understand your picture. Any explanation is appreciated.
Now is not too hot, so have a nice afternoon ...

Originally Posted by ;

quote Nice film Parisboy ! Price on your image will be at left side (Y axis), and time on the bottom side (X axis), if I understand it correctly. Beginning of the image is just pure candle rod or bar chart, and you attempt to add angles squares and lines line onto it. Not understand how do you choose I presume it's from Zero percent to 100 percent climbing, the octave, and split it with 8 ?? If I look at Murrey Math calculation, there are spare -1/8 plus -2/8 range at base, and 1/8 along with 2/8 in addition to the range, so total are 12 lines. Can it be why...

Pedma many thanks to ask such questions.

A) beginning of the image is loed at the last substantial Low of March 2009

b) as you are able to notice present Dow Octave is 25.000 / 8 = (30.000 - 5000) / 8 = 3.125

c) Murrey Math calculation is primitive and doesn't cover the entire ground . I shall explain this point after.

D) time requirement must be divisible by 8 too so that Time and Price could square