Thanks Avi...I was preparing to post a question about this very thing!
It appeared to me that most instances of increasing volume resulted from price reacting to formations. Therefore, this is my view of the ES 5 min...
Today's Chart
This is how I've seen the morning.
I do recall the following advice from early last year....
Spyder, I revised my chart end-of-day. Is this getting closer to the way you saw things play out? As of late, the laterals are throwing me...
My view of today
Woops....we haven't had an "end" to the first traverse as of yet.
We are now in the 3rd traverse. First we had a dominant UP traverse, followed by non-dom lateral, and now in a dom UP traverse to complete the...
Today's chart
My view of the day. Super channel.
I've annotated all of the "traverses" with 1,2,3's. The channels are shown in purple/blue/purple. I see differences in my chart vs some others...
So far.....
Thanks Jay. I had the red channel drawn in as a super channel from the 15:15 FTT on Thursday and the Pt 3 of that channel from 15:45 on Friday....
My take on today...
ding ding ding.....Spyder's expression "wash rinse repeat" became much more significant for me today!!
Yes, and thanks to ALL who contributed tonight! I hope those who are experiencing frustration take the time to walk through tonight's exercise....
Since the down traverse had no end, any trades (other than to hold) would represent jumping fractals....or trading tapes within the one traverse....
Yes, I see that on the YM.
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