Quote:
Originally Posted by pf0351
Only stryker can tell you exactly what he meant, however, I interpret his statement that price action will bounce off of T1 or may even break through it if None Farm Payrolls are really bad, -200'000 or so a break of T1 could happen I would think.
|
YES pf0351........ u r absolutely rt... thanks for explaining it out....
T1 points to the trend line number one i have drawn and T2 points to the next one(trend line number 2) and so on....
for those new here and wondering if i use EW counts, the answer is no as i have no clue on how EW works..... i at the same time don't base my charting on the normal or the standard format of plotting charting... i have derived or have accustomed to my own unorthodox of treandline plotting and i'm pretty comfortable about it........
as long as it works for me, i would stick to it....... when it becomes obsolete may be then i would stop trading as i personally cannot trade w/o them.....
GL.........