Target at the sliding parallel, which coincides in price and time with the 100% alternate price projection.
ความคิดเห็น
Marius_Johnsrud
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yea, i see some Coghland in the way you trade those sliding parallels. keep 'em coming, you're doing a good job. i'll check out Miner. are there any other traders that have influenced you?
ForceFollower
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Thanks. Paul Coghlan's style is roughly the same that mine evolved to as we were still both students of Tim Morge back in 2009.
As for other influences, these will do. I read other authors and learnt from many other traders since I began trading in 2008. But just these fit my style the most. Of course, you'd better know the Fibs inside out (R. Miner, C. Boroden, C. Brown, J. DiNapoli), and find your way through the pitchforks and their parallels. There's a lot you can learn frm Tim Morge and Shane Blankenship, not just about the median lines, but about watching the market behaviour, the pervasive trend, the underlying force, the energy being accumulated and then expended, the compression of a coil spring, etc.
However, all the above is the second leg to stand upon; the first one is you and your psychological strength to trade professionally. Here you can turn to such authors as: Van K Tharp, Brett N. Steenbarger and Rande Howell.
Marius_Johnsrud
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i never really figured out how to trade the fibs, except the 50% retr of verticalish moves. cool, i'll check out these people. read a couple of books by dr.Steenbarger and yea, if you're not aware of yourself, your own phsycology is going to eat you up.
ForceFollower
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Post some of your chart studies. Good luck!
Marius_Johnsrud
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thanks. yea, the plan was to post a chart a day, so they'll keep coming. good trading
ForceFollower
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Yes. I am. However, recently I trade more like Paul Coghlan or Roger Babson, but it's roughly the same. There are also other influences in my style, esp. Robert C, Miner.
Marius_Johnsrud
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i like your style! are you a student of dr.morge? resembles him.