I think you have forgotten to differentiate between lateral movements and lateral formations (nothing to do with your answer, just an observation...
Thank you, Spydertrader. Makes perfect sense. :)
I returned to working on 'M' (my annotation skills) yesterday. I was somewhat relieved that the little skill I thought I had aquired seemed to...
Todays chart. Nice fireworks at the cash close. Catching up with all the posts from the last weeks, it looks like the journal is becoming a...
Chart for today. Interesting mix of laterals and sharp moves - not to mention the action by the CO RTL at about 13:10 - 13:20. I find it a...
Todays chart.
Thanks for todays "walkthrough". :)
Todays chart. Spyder, thanks for posting your charts yesterday. A great reference, as always.
Me, too. I'm at the 'thoroughly annotated chart' part. I removed everything else.
:p
Not only that - it is depends on the quality of your feed as well (more about that here). The INDU is calculated/distributed every 2 seconds (as...
I finally see what you see. Thanks :) .
No, I'm sorry, the picture does not show that and that is why I posted in the first place. The picture shows a down channel (red) being...
The image from Spydertrader you quoted shows a down channel being 'steepened', not 'fanned'. The 'steep' up channel is then 'fanned'. Or with...
Todays chart. Interesting day. I didn't really expect that last steep up channel (pink on my chart) to last for very long ... and then it kept...
Have a look at this post. Also, I find the charts become too messy with candles.
Todays chart. Nice to see the volume shift from M8 to U8 during the course of the day.
Thanks for trying to explain. I guess it is a too advanced (or too complex) topic for me at my current level of understanding. I'll stick to...
Yes, but you actually wrote: Which is why I posted. Maybe you could clarify in what context this holds true. :)
If I understand what you're meaning (not sure I do), you're essentially saying that price/volume action is symmetrical (i.e. if we have a lateral...
Separate names with a comma.