EOD chart... I've never seen a channel like post 2:30... BO from a short traverse into a steep long channel. The traverse back to support was practically untradeable on my left chart, certainly nerve racking on my right... Nearly got rocked there...3:30 vol surge and back into the long groove till EOD... I know time moves differently between both my charts and that may be creating some unnecessary distortion... Blabbing here... So my EOD lines... Tough indeed...
Mak I see on the left chart lower section what I think are pressure bars, the top respresenting trades going off at the ask and lower, trades at the bid. I have experimented with these but found nothing I could use and am curious as to how you use them if you dont mind.
Mako..... Please keep in mind these things: Beauty is in the eye of the beholder. (On ET): Size doen't matter. And finally.....And this may be, at least, one of the most important things I will ever get to tell you: Listen to some Led Zeppelin and some Ozzy. When one's mind is TRULY opened, learning begins. And to you to my friend, Kindest Regards.
Sure, it just dices volume. Basically when I see the volume spikes, I check to see which direction the spike is occuring in. The pressure bars tell me that right off the bat since it is while the bar is forming (ie. 1 min in, 90 secs in, 2 mins in, etc.)... Behind all this is an elaborate spreadsheet that I corroborate this info with if i'm really nervous so that I can watch the traversal transpire. Its basically a super compressed right side chart... Kind Regards...
I find a 12 period and 25 period give a very nice crossing signal. Just my two cents. Oh, and the MA's I have are set as exponential MA's.
Without going thorugh this entire thread, I think the important thing to remember is what trendlines are, they are a gradient showing the strength of a trend, and nothing more, therefore I recommend that you never use trendline breaks to enter positions, but as exits, as it shows a decline in momentum.