tailieunhanh - LARRY WILLIAMS LONG-TERM SECRETS TO SHORT-TERM TRADING phần 2

Nó thực sự là tất cả về thất thường làm tổ với nhau, phù hợp với mảnh ghép vào vị trí thích hợp của họ, để cung cấp cho chúng tôi một sự hiểu biết về cấu trúc của hoạt động thị trường. Vẻ đẹp là bây giờ bạn có thể xác định, ở tất cả các lần và cho tất cả các thị trường, cho dù xu hướng (dựa trên cơ cấu giá) | 22 It is really all about nesting swings together fitting the pieces of the puzzle into their proper place to give us an understanding of the structure of market activity. The beauty is you can now identify at all times and for all markets whether the trend based on price structure is up or down and pick your points to get in and out. For years I made a pretty good living using just the formation of these points as buy and sell entries. These points are the only valid support and resistance levels I have ever found. They are highly significant and the violation of these price points provides important information of trend and trend change. Thus I can use them for my stop-loss protection and entry techniques. Chapter 2 It s a Question of Price and Time Like a circle being squared Going round and round A wheel within a wheel Spinning a syncopated sound Creating cycles that we find Will o wisps of our mind. All You Will Ever Need to Know about Cycles Our charts are a record of price activity over time the horizontal scale being time the vertical scale representing price. An entire technical school is devoted to the study of time the cycle watchers. These good-thinking people count the number of minutes hours days weeks months and years between high and low points in search for some master time cycle to tell us price will behave in the future as it has in the past. Being a somewhat sleek learner an even slower unlearner I spent almost 15 vears of my life trying to figure out these time cycles. I am still convinced there are cycles in the market. in fact three of them but they are not time circles. The root of the problem of time cycle is that there always seems to be a current or dominant. cycle that we can see on our chart right now. The rub is another cycle is Always about to become dominant overpowering the one we have just located and invested in. 23 24 Although our first problem is cycle dominance if there are such cycles they change direction more often than a .