4) Hold Short (retrace of a retrace) 5) Reverse Long.
Glad you brought this up. I don't think the bar crossing the formation boundary gives permission since price is outside the formation. I also...
A brief visit back to context 1. I don't have video of this sequence. However I would have gone long on the attempt of the ES pennant...
The ES has exited the lateral formation, we cannot look at the YM (at the moment of the snap shot). So I am looking for increasing red volume...
The only type left is a Dip. For what must come next is the resumption of the dominant trend. What must come next if you sit on the wrong...
A very small retrace or bit of a lateral move (of a short duration) and attempt to resume the price move in dominant direction.
If possible I would like to join. Not to look for answers but to compare my actions and see where I might be wrong.
Thanks Avi 8
LOL thanks for pointing that out. I re-read his sentence and it makes perfect sense. Honestly I think I was doing exactly what the method tells...
Thanks. Any reason you did not consider the 10:40 bar a possible FTT? Looks like you waited for confirmation before taking action.
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Where you trying to imply something else of was it just a typo? Can you expand on this a bit, this is the first time I have heard this. Do you...
Thanks Spyder for your response. I understand that the break out of the pennant needs increasing volume to confirm the current trend. My...
I was definitely anticipating a point 3 of an up channel and thought we had the turn when the YM broke up from pennant in the highlighted area....
Here you go gman.
Today chart. A couple of notes: - I treated the 9:40am bar as decreasing red because increasing red did not continue on the following bar....
Yes that would be a flaw indicating the new dominant direction as down.
Here is how I understand it. We view them as a formations first and possible flaws second. When the we break out of the formation we can look to...
Chart for today
img.
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