Long
So it's come to this. 1st signs of madness.
So, while looking at a chart for XAUUSD, I noticed a few HH, LL and HL's on the chart that gave me a tiny brain fart of an idea that involved triangles and overlaying those triangles at certain points of these highs and lows. Since I have not yet seen anyone using or discussing anything like this idea, I had no guidance as to what I was actually doing which in itself is actually quite amusing but amusement turned to something a bit more serious as I get more and more involved with this preposterous idea and eventually the madness sets in - leaving one to believe that one has discovered the key to all trading charts! (I know it's not - now. LOL)
In any case, I spent enough time on this mucking around with triangles that I thought I'd at least share it for some other traders amusement so that at the very least, it wouldn't have been a complete waste of time.
Any other traders out there have any of these types of rabbit hole "epiphany" ideas that lead them down rabbit holes to share with us?
In any case, I spent enough time on this mucking around with triangles that I thought I'd at least share it for some other traders amusement so that at the very least, it wouldn't have been a complete waste of time.
Any other traders out there have any of these types of rabbit hole "epiphany" ideas that lead them down rabbit holes to share with us?
Note
A better chart drawing of this idea. If it works, I'll try this out again on a higher time frame chart.. if not... well, at least I know that this one way to not do it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.