5/11/18. If you want to participate in this thread please subscribe and PM me concerning your interest.
This is the first in a series of PDFs about getting started with median lines
I’m a big fan of Star Wars. “The Last Jedi” will be premiering 12/15/2017 hence the thread name. LOL.
I will use a combo of charts and some videos when I'm in the mood.
Basic concepts:
1. Swings can often be defined by their relative size. Structuring a market according to relatively sized swings is fundamental to understanding how the market moves.
2. Price naturally moves in impulses then retraces. The retracement is used to measure the swings. The impulse can also be used but comes more in handy for targets.
3. Swings are defined by their retracement size as follows:
........a. A swing high is confirmed by a new swing low. The move to a new swing low is the impulse.
........b. A swing low is confirmed by a new swing high. The move to a new swing high is the impulse.
This is the first in a series of PDFs about getting started with median lines
Attached File(s)
I’m a big fan of Star Wars. “The Last Jedi” will be premiering 12/15/2017 hence the thread name. LOL.
I will use a combo of charts and some videos when I'm in the mood.
Basic concepts:
1. Swings can often be defined by their relative size. Structuring a market according to relatively sized swings is fundamental to understanding how the market moves.
2. Price naturally moves in impulses then retraces. The retracement is used to measure the swings. The impulse can also be used but comes more in handy for targets.
3. Swings are defined by their retracement size as follows:
........a. A swing high is confirmed by a new swing low. The move to a new swing low is the impulse.
........b. A swing low is confirmed by a new swing high. The move to a new swing high is the impulse.