Thanks
Patterns.
Yes to Heiken Ashi (though I am still getting familiar with using IRESS Viewpoint - thanks
VVX565 - so mainly use the standard Commsec interface, hence the use of conventional candles in my chart).
Fave timeframe: I generally check all of them (incl weekly) to first discover the Trend, and then burrow down to lower time frames. The timeframe I settle on is generally "1 up from" the price action volatility with view to getting a reasonable signal-to-noise ratio. (In general, I watch a 1min LINE to hone in; and analyse entry on a higher timeframe - usually 15min (Commsec).)
The challenge in the case of WNB is the "slow" price action. This is what pushed me to analysing on the daily (rather than 15, 30 or 60).
Am I correct to assume that Contraction/Expansion/Trend (CET) can be:
1) investigated equally well also using Heiken Ashi? (I note that sometimes your charts use HA, and sometimes, conventional candles)
...And,
2) on ANY timeframe? (subject to smoothing out the noise)?
Given the "slow" PA, here's how I would interpret the CET *on the local PA (ie. over a few days with view to DT'ing)* using HA.
I still struggle to correctly identify the Expansion-to-Trend transition [white circle], although your previous feedback - re: Stop Hunts - was noted and is much appreciated. BIT for me being a case in point (bought in the 80's believing an upward trend had been entered... Yikes)
Thanks for all Patterns
