"The time frame you are viewing or trading in determines how you measure bottoms or tops."
Would it be appropriate to ask readers to sign a non-disclosure form at this point, as long as TA secrets such as these are being divulged? This is the rule on your ta-list@egroups, to keep successful trading strategies within the group. My fear is that everyone might start basing highs and lows on the time frame they're viewing.
Until now, no doubt, most traders viewed highs and lows as extemporal (in the truest sense of the word -- out of time, unrelated to time frames -- not in the sense of your remarkable TA expositions, which are so brilliantly extemporaneous -- so off the cuff, as it were).
I'm also concerned that such bold new ideas might draw some differing viewpoints. On the ta-list and other lists under your purview, one can hide behind the unsubscribe button when one encounters stubborn disagreement over matters such as candlesticks, shorting, politics, etc. (Someone was accused of pushing shorting right at the height of the bull market, when others, sensibly, were riding the crest of the Big Kahuna with PTATR, I recall, and he was soon sent packing, thrown out of the group. Good riddance to him -- huh?) |
