Hi Guys,
It’s great to see a bunch of old friends posting again, Simon, G, Durk, and new ones stepping up too. This use to be the best board around and have little doubt it can be again!
I’m in the new place and the move is over so now the real work begins … unpacking! Right now my system is only jury-rigged with one monitor so I can check up on a few things. As soon as I am done here I will break it down again and start putting the office together.
Anyhow enough of the domestic minutia. I’ll be back in a few days to answer questions but in the meantime here is the pattern for all to use. While there are many ways to use it the most simple and effective is to mark off x amount of price range using the horizontal marker. I prefer Gerbino Sequence numbers but you can experiment with anything. Fib of course comes to mind right away though I have done little testing with it. All that is then needed is to resize the pattern to fit within this range. You then place the hotspot on an energy inflection point. My work has shown that you have a bit of latitude here because you can adjust the hotspot to anywhere within the range of the energy inflection point bar. You can make a slight adjustment as price begins to move away from the EIP but it is best to keep this at a bare minimum. If you like you can add inclination to the pattern also. As an example you might want to look at the inclination of the outer planets for longer term work.
As I say there are many ways to use this pattern and this is just one example. For instance, in the above scenario we looked at price range, well, how about time? How about time/price squared? Use your imagination, think out of the box (when appropriate) and hopefully you will find success with it. As for me … I need to put an office together.
Good Luck,
Joe
PS So you know I put the pattern in a zip file. If you have any issues getting it let me know and I'll try something different. To be honest I forget how to post these type of files but think this should work.