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I'm mystified by the extreme rarity of classical chartists who have a decent feel for the use of trendlines. Not many of us out there so I'm very pleased to find another.
Very few chartists on my daily reading list but you're now on it. I'm going to see if I can increase awareness of your blog as it deserves a bigger audience.
It's astonishing how much attention and credit EW gets considering how subjective the method is. I tried it when I first started trading but it didn't work for me. I even made a single post on my EW experience.
Channel charting, from the look of it, is simple but it's not easy. Perhaps people think it's too easy and they need something more complicated to 'beat the markets'. :)
You made my day Richard. I now have 50 more followers in only one hour. I appreciate your endorsement.
Your Rembrandt analogy is hilarious :) I too sometimes cannot believe the quality, by that I mean lack of, by some of the 'well-known' bloggers. They are usually sloppy or outright wrong. On EW, I found Tony Caldaro who I read every day. I know you follow Alphahorn. I guess I'm the visual type and I cannot be bothered to count the waves and anticipate the next move. I like seeing rather than guessing. This is what I wrote last year on EW.
My target is to up your twitter following by 505 today :-) It's a challenge though as a lot of people are already away for the long weekend. I have the starting level this morning at 194, and we're up to 272, so not far short of that 287 target as I write this.
I've heard good things about Caldero. I'll check him out & might add him to my daily reading list as well.
Agree about the odd charts one sees on the blogs, often from chartists with large followings. Some of those are experts in other TA disciplines and just dabbling with classical charting as a backup. Some just have no eye for trendlines and just don't know it.
I love writing. The book's going to be a while though as I'm still hammering out a theoretical framework for it. I'd like to build on Bulkowski's work and take the way that channels and primary patterns such as wedges, megaphones and triangles are understood and treated in a new direction. Going to be fun to write though unlikely to outsell Gone With The Wind I suspect.
Bouraq... Looks kind of make or break today for SPY/DIA ?....Any pullback here and SPY could fall out of your blue channel support....DIA is at your 16600 resistance level....Interesting!
You would think maybe going into a 3 day holiday weekend ( given all the risk events at play) money managers might think about taking some money off the table...ViX at multi-year low and market at an all time high... This market behavior is really totally unprecedented.
There are so few chartists who have a really good eye for a trendline.
ReplyDeleteVery nice work my friend. :-)
Thanks Richard. I'm a big fan of yours. Coming form you means a lot.
ReplyDeleteI'm mystified by the extreme rarity of classical chartists who have a decent feel for the use of trendlines. Not many of us out there so I'm very pleased to find another.
ReplyDeleteVery few chartists on my daily reading list but you're now on it. I'm going to see if I can increase awareness of your blog as it deserves a bigger audience.
It's astonishing how much attention and credit EW gets considering how subjective the method is. I tried it when I first started trading but it didn't work for me. I even made a single post on my EW experience.
ReplyDeleteChannel charting, from the look of it, is simple but it's not easy. Perhaps people think it's too easy and they need something more complicated to 'beat the markets'. :)
Many thanks for your kindness and support.
You made my day Richard. I now have 50 more followers in only one hour. I appreciate your endorsement.
ReplyDeleteYour Rembrandt analogy is hilarious :) I too sometimes cannot believe the quality, by that I mean lack of, by some of the 'well-known' bloggers. They are usually sloppy or outright wrong. On EW, I found Tony Caldaro who I read every day. I know you follow Alphahorn. I guess I'm the visual type and I cannot be bothered to count the waves and anticipate the next move. I like seeing rather than guessing.
This is what I wrote last year on EW.
http://www.tradingchannels.co.uk/2013/03/next-leg-down-c-wave-right.html
I'm eagerly waiting for your book. I enjoy your articulate style which I lack, so I'm sure it will be a good book. I will be your first reader. :)
Take care and keep in touch.
Can't wait for the book Richard! I'm looking for a signed copy!
ReplyDeleteMy target is to up your twitter following by 505 today :-) It's a challenge though as a lot of people are already away for the long weekend. I have the starting level this morning at 194, and we're up to 272, so not far short of that 287 target as I write this.
ReplyDeleteI've heard good things about Caldero. I'll check him out & might add him to my daily reading list as well.
Agree about the odd charts one sees on the blogs, often from chartists with large followings. Some of those are experts in other TA disciplines and just dabbling with classical charting as a backup. Some just have no eye for trendlines and just don't know it.
I love writing. The book's going to be a while though as I'm still hammering out a theoretical framework for it. I'd like to build on Bulkowski's work and take the way that channels and primary patterns such as wedges, megaphones and triangles are understood and treated in a new direction. Going to be fun to write though unlikely to outsell Gone With The Wind I suspect.
Bouraq... Looks kind of make or break today for SPY/DIA ?....Any pullback here and SPY could fall out of your blue channel support....DIA is at your 16600 resistance level....Interesting!
ReplyDeleteI see very strong resistance at 16600-16610 area from everywhere. SPX is pushing the limits. I guess the resolution will be after the long weekend.
ReplyDeleteYou would think maybe going into a 3 day holiday weekend ( given all the risk events at play) money managers might think about taking some money off the table...ViX at multi-year low and market at an all time high... This market behavior is really totally unprecedented.
ReplyDelete