DanaChambe
06-04-2016,
I have been doing a bit of reading on the delta phenomenon recently and decided to do a bit of my own research. For those unclear on this phenomenon, essentially it states there are set patterns in markets and highs and lows with appear on a predictable pattern so that you can predict future market points.
Anyway I was looking at a chart at succeeding highs and lows but then obvioulsy noticed highs and lows between these. Does anyone have a good way of picking the highs and lows. I was thinking of maybing saying it only becomes a new high if you would have been stopped out from your previous sell.
For instance on the attached the H1 L1 combos would have probably been the high low trades. However you could argue that at L2 you should reverse/buy and then should you use the first H2 point of the second?
Anyway I was looking at a chart at succeeding highs and lows but then obvioulsy noticed highs and lows between these. Does anyone have a good way of picking the highs and lows. I was thinking of maybing saying it only becomes a new high if you would have been stopped out from your previous sell.
For instance on the attached the H1 L1 combos would have probably been the high low trades. However you could argue that at L2 you should reverse/buy and then should you use the first H2 point of the second?