Experimenting with lines
I am working on a refinement project about my trading style, and now has just begun experimenting with lines and lines only. I see that there is a possibility of finding success in working only with price action by using lines. No Fib clusters, no EW count or so. The most important part of this style, I believe, will come by experience. So, here we go with the first idea.
Since each two points define a line, a strong line should touch three price reversal points. In such a case, a fourth reversal point is anticipated to touch that line, too. Let this one be the first experimental rule.
Today's final move down disregarded the support, so further downward action is anticipated in short term. If the price jumps from the base trendline, I'll buy.
(Well, actually, I will buy regardless of that condition, but here I'm pretending as if I solely rely on those lines.)
Since each two points define a line, a strong line should touch three price reversal points. In such a case, a fourth reversal point is anticipated to touch that line, too. Let this one be the first experimental rule.
Today's final move down disregarded the support, so further downward action is anticipated in short term. If the price jumps from the base trendline, I'll buy.
(Well, actually, I will buy regardless of that condition, but here I'm pretending as if I solely rely on those lines.)
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