Trading Tip: Adjusted Axis
Step 1: Find two swing pivots you would like to use
Step 2: Draw a parallel line along the axis of the pivot; draw a second line perpendicular to that axis of the pivot
Step 3: Done! Now you have an adjusted axis
What is an adjusted axis?
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If looking at a coordinate plane, the normal axis goes perfectly vertical and horizontal at an offset of 0 degrees to the true zero point.
When looking at a coordinate plane, it may be noticed that sometimes the points on the plane do not follow the perfectly vertical and horizontal axis accurately; in such a case, creating an adjusted axis may shed some light.
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In-exhaustive book list
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities.
Step 2: Draw a parallel line along the axis of the pivot; draw a second line perpendicular to that axis of the pivot
Step 3: Done! Now you have an adjusted axis
What is an adjusted axis?
-
If looking at a coordinate plane, the normal axis goes perfectly vertical and horizontal at an offset of 0 degrees to the true zero point.
When looking at a coordinate plane, it may be noticed that sometimes the points on the plane do not follow the perfectly vertical and horizontal axis accurately; in such a case, creating an adjusted axis may shed some light.
-
In-exhaustive book list
Law of Vibration - Tony Plummer
Michael Jenkins - Geometry of Stock Market Profits, Chart Reading for Professional Traders, Complete Stock Market Forecasting Course
Scott M. Carney - The Harmonic Trader, Harmonic Trading Volume I, Harmonic Trading Volume II, Harmonic Trading Volume III
H.M. Gartley - Profits in the Stock Market
Bill Wiliams - Trading Chaos, New Trading Dimensions, Trading Chaos 2nd Edition
J.M. Hurst - The Profit Magic of Stock Transaction Timing, Cyclic Analysis: A Dynamic Approach
Disclaimer: Not financial advice, no recommendations to buy or sell, no warranties of merchantability, profitability, or probabilities.
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