Thank you for the most informative video, Jeff. I wonder, do you count calendar days or trading days? Have you tried the method on intraday charts? Sometimes bottoms or tops in prices are somewhat complex; I wonder if you have special rules for dealing with such situations in locating the beginning of the T. I understand this may be a topic in the next video.
Hi Parker, thank you so much for sharing your findings-this was wactually a very informative video for me. It is great that you are willing to share your knowledge before or without thinking of selling it if I can speak frankly. Keep on this outstanding work.
I don't have any intent to sell subscriptions. I did put the voluntary "Donate" button up. If people feel like they've learned something or that the blog has been helpful to them, I wanted to give folks a chance to show their appreciation.
I don't actively ask for donations like some do. As a result, I haven't received much.
As a heads up, if it turns out that I have successfully refined how/where to start long range Advance Decline Ts for more accurate target end dates, I probably will make such a request.
I decided to give it a little room. The 3-day moving average (which had served as resistance several times) was ~1207.5, as was the 61.8% retrace from Thursday's high to Friday's low. I decided this down move fails if those levels fail, and they haven't so far.
Thank you for the most informative video, Jeff. I wonder, do you count calendar days or trading days? Have you tried the method on intraday charts? Sometimes bottoms or tops in prices are somewhat complex; I wonder if you have special rules for dealing with such situations in locating the beginning of the T. I understand this may be a topic in the next video.
ReplyDeleteThanks again.
joe
Hi Joe. I'm Parker, not Jeff.
ReplyDeleteI count trading days.
I have not tried the method on intra-day charts, but that doesn't mean it couldn't work.
Hi Parker, thank you so much for sharing your findings-this was wactually a very informative video for me. It is great that you are willing to share your knowledge before or without thinking of selling it if I can speak frankly. Keep on this outstanding work.
ReplyDeleteThanks Carl.
ReplyDeleteI don't have any intent to sell subscriptions. I did put the voluntary "Donate" button up. If people feel like they've learned something or that the blog has been helpful to them, I wanted to give folks a chance to show their appreciation.
I don't actively ask for donations like some do. As a result, I haven't received much.
As a heads up, if it turns out that I have successfully refined how/where to start long range Advance Decline Ts for more accurate target end dates, I probably will make such a request.
Parker,
ReplyDeleteHave you closed your short position?
Thanks
Vapor
ReplyDeleteI decided to give it a little room. The 3-day moving average (which had served as resistance several times) was ~1207.5, as was the 61.8% retrace from Thursday's high to Friday's low. I decided this down move fails if those levels fail, and they haven't so far.