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In a message dated 00-02-24 14:27:05 EST, you write:
<< Yes, maybe we are saying the same thing. What I find is that congestion
or rests are usually 3 to 10 bars where prices move (trend sideways or
contrary to main move) then in usually 3 bars the price moves to a new
congestion (rest area). >>
I call these pause areas retracements, and when you hop onboard during
a retracement in the direction of the trend, you are thinking that the trend
will
continue.
I guess my view of congestion is what others would call a choppy market
lasting more than 10 bars having close to a zero linear regression
slope of length x.
Does anyone have an idea about how to jump in during a retracement?
Jim
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