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nice chart, can see the fBOs above below the boundaries of the bulk of the PA very well
BB a bull body and SA a bear body are for the strong BO, usually the 1st attempt to reverse such BO fails
or can also BB a bull bar after the BO from a bull flag IN A TREND
trends are strictly HL/HH for bull and vice versa
in a bull channel one can tolerate a small failed breakout below a HL (bull), I call this a CXT an expanding triangle in a CH, kinda PB that runs some stops and quickly reverses in the with trend direction, in a CH price needs to take out the last TWO HLs to terminate that CH
Very interesting, many of these things i am currently loosely doing but this could defiantly add a little more structure, i will have to finish the blog later tonight need a computer break... you wouldn't happen to be apart of a trades chat/group would you? been looking for a few people who have a similar style of trade.
that blog has a couple hundred of posts :-) (if you're talking about ninetransitions)
it's the best stuff I know on the net about PA
I read all of Al Brooks books, watched his vids and trading room...
but this guy (Cadaver) has a far more structured approach than Al Brooks
I'm currently working my way through this blog and like you mention it is structured very very well, a lot of his trades are what i use to call when i traded FX a mean reversion trade. When price would move up at a rapid pace then fail to move up any more you would basically looking for an entry back to the mean/sma's that would normally line up with a s/r lvl
His labeling system is going to take a little while to get use to , i tired using a few of them today while i traded and it defiantly helps keep you in tune on whats going on in the chart.
do you only keep the LOY and HOY for the previous day you don't do a Low of 2 days or ect
yes, right, mean reversion would apply to trades taken in a trading range, like fBO (failed BO) and fH2/fL2 3,4 (failed high) or WfBO (wedge failed BO)
when there is a trend, like today, I try to stay WT only, B PBs to the TL
I have a couple more levels from the daily chart, that I watch, this is current daily chart
can see nicely bears B back some shorts at that level, where they BB earlier, also right at a measured move of that 1st PB (1P) trade short
I'm not currently using one but if you have any questions you are always more then welcome to pm me or ask on here. Glad to help with anything as long as people are willing to put the work in on there end.
Are you using all the abbreviations in the glossary? I really like the idea of labeling moves and it has been helping but there is a S**T ton, or do you keep the page on your desk/wall.