Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
infognom
on 05/04/2014, 18:57:29 UTC

Are you seriously just throwing arbitrary lines on arbitrary graphs?

Nope, i try to catch trends with them. A line is defined by 2 points and these points need to be placed at the tops or bottoms of the candles. Each and every additional top or bottom lying on the line is a confirmation of the trend. This is especially the case, if these additional points fit long after the line has been drawn.

bouncing on horizontal lines is "easier" because that usually relates to resistence-levels.

My line is not an horizontal one, the more i'm suprised i find so many matches, especially on the 1m graph.

So, foody, you're saying it's arbitrary, right?! Why?

P.S.: yes, volume is incredible low, so don't need to be surprised if things change rapidly ...