It's not always easy to spot....All 90° angles...

FX:EURUSD   Euro / U.S. Dollar
333 13 9
Example of big swing that can be divided and analysed separately....
Comment: Big uptrend divided in 4 swings...As you wish....:-)
Comment: Pan chart to the left for exact 90° crosslines angles
Trade active: Could bounce the green line....
I'm not really following your idea here.
It kind of reminds me of a pitchfork but not quite.
Are you familiar with the Action/Reaction lines, pitchforks, and all the body of work of Andrews?
johan.verm IvanLabrie
IvanLabrie johan.verm
How are you using the lines here?
johan.verm IvanLabrie
Almost.. :-)
johan.verm IvanLabrie
Pitchfork and all those systems are not working with 90°angles
johan.verm IvanLabrie
The median line is the important one
johan.verm IvanLabrie
You are welcome to verify my 90° angle theory Ivan
IvanLabrie johan.verm
I don't quite follow the logic here.
Hence my question.
I don't use lines that go through things, or lines in general, so I can't comment much.
I did do some research on pitchforks and learned a bit about it, it seems to work quite well.
Was curious about your discoveries. Test it, and post results, maybe you have something good, but you'd need to be very specific with the application to not be fooled by hindsight biases. Also, you'd need to define how to apply it to trade with it.
My 2 cents.
johan.verm IvanLabrie
I will trow more examples tomorrow..It's midnight here .Have to work manana...I'm a weekendtechnician...
IvanLabrie johan.verm
Sure, cheers!
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