Thanks Spydertrader :)
Are these valid Lateral Movements? EDIT: Sorry, on my chart, the left square, that 4th bar closes one tic higher; it doesn't brake the LM's...
There was recently another great discussion about a pt3 channel must having increasing dominant volume after pt3. Hence your last blue up channel...
4 trades: 6.50 points of 8.00p HL; about 35 minutes in, about 40 minute monitoring
4:04:10 market continued down, but volume based trading is no longer reliable here ...
3:58:13 end of day volatility coming; YM bar closed; go FLAT
3:56:20 YM decr black volume w/ IBGS; ES pennant on high black volume, steeper RTL pt3 coming: revrse SHORT
3:50:16 YM red OB on decr volume; ES VE on peak Vol: reverse LONG
3:35:53 violent down move on both, IBGS on both, ES bounced from RTL: reverse SHORT
3:24:14 YM closed OB on decr volume: enter LONG
3:23:04 YM: OB with incr PRV
Sorry for asking ... :confused: Spydertrader spent his time helping with it ... From my yesterday's referrence: "... the researchers found...
Thanks Spydertrader. Great post! :)
I was being serious. I don't deserve a joke in reply ...
I haven't traded at the time, so my judgment may be affected by what happened ... I also confess that in real-time I might've drawn too that...
A scientific justification of taking it slowly: '... The findings should apply to other situations, including music and sports. "Music teachers...
Light Crude Oil at $120 ... :mad: WMCN? :)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1884830>
I count last bar (OB) as red volume.
It's possible. Anything is possible. It's just that I currently don't see any signal for it. Please see my annotations: the green up channel and...
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