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roofer
Rep: 3,689
Posts: 3,574
i have added to my posts in the public section CHARTS on trend days... it is my contention that trend days occur when price is gunning for a target......you may have noticed a new stock on my screen TSO..... has had a massive run up with no consolidations with back to back to back trend days.... it is in extreme hurry to get to a specific target given by the geometry.... the mad short seller is looking to whack it there......you should be able to find it...
RO
roofer
Rep: 3,689
Posts: 3,574
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JI
jimkane
Rep: 3,058
Posts: 33,089
That's a great post, roofer. As soon as you start talking trend, you are talking my game, so I love the way you are looking at this example. Just like I can look at line to line (albeit on a lower timeframe as a trend from point A to point B), you can 'talk trend' quite well. It's all about finding what tools you want to use, and how you want to use them, unique to your own 'Trading Plan'. roofer and I stress this endlessly.
RO
roofer
Rep: 3,689
Posts: 3,574
yep... it's just like fishing.. first you want to catch a fish(make money) then catch alot of fish( alot of money) then you want to catch the big fish( have the homerun trade) then you want to catch the fish the way you want to( by being a mad short seller in a raging bull)
TX
tx_ches
Rep: -10
Posts: 514
Thanks, roofer. This knowledge came in useful today. I could follow AMZN's downtrend today using your guidelines. When it reached its target on the daily TF, I could follow its move to the long side on the 5m and 2m because it made sense that it'd turn when it did.
RO
roofer
Rep: 3,689
Posts: 3,574
give me a target, downside preferably so i can enjoy myself, as long as the ma's stay aligned and the pullbacks on sto do fib thing i will push trend relentlessly..... to the target......
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