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Wyckoff trading method, page-796

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melenova

626 Posts.

27/05/16

10:53

Post #: 17882209
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Originally posted by Jako64 ↑

Yes, the lines when positioned well, can make the price action come alive, and make sense.
(and charts that 'make sense' are usually being supported by the market, and therefore the ones you want to be involved in)

So for something different........here is a clean chart, take a copy of it and put it into paint (or something similar).
Put some lines on it, name any interesting principles you can see, and where any short or long entries might be found.
It doesn't have to be hugely complicated or detailed (I don't want it to be a massive task), just whack a few lines on it, and in one or two words point out some of the things you can see (unless you really feel the need to be more detailed....then go for it).
Remember, there is no exact rules on line placement, but well placed lines can really bring the price action alive, and that is the goal.

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Cheers Jako.
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