Visit us, you'll see for your self. Its not that hard. It takes two weeks in training and you are flying this thing!
Strong uptrend barely touched RH side of channel before resuming uptrend. But uptrend lost some velocity today. Squeaked small profits today, a little tricky.
Duard... GREAT Chart... I didn't know why I didn't think about the long term channel... From your chart, in the cards would be a traverse from support to resistence with the possibility of an incomplete traversal (ie. not reaching resistance) marking the beginning of a new short long term channel. As usual, will monitor and watch the market unfold. Here's my chart, I left the original lines from the midday for comparison with the lines that actually unfolded. The sequences unfolded as I had expected, however the time was off by half an hour which is why monitoring is so neat. Same sequence, just adjusted to market time (ie. realized slopes)... The midday lines were looking for a Long followed by a failure to reach resistance right into a the first "SHORT" leg of the new short channel... Tomm should be interesting, presumably continued containment a la Duards trendlines, or failed continuation into a NEW short channel. We shall monitor and see as the day unfolds. Nice charts everyone for this flat day... Still good coinage on the table... Savy your charts I had some Q's about... But, perhaps after a couple of more days, I'll see more interesting aspects. Presumably, your a pennant ace... I am noticing that many of your critical points on your lines occur when volume is at a relative max...
Heavens above! Its a Hershey re-hash. Its a good job Sir John Merchant read the riot act and rightly so, but it would appear to have fallen upon deaf ears. Henry Ford once remarked that the desire seemed to be to find a short cut to money and to pass over the obvious short cut â which is work. More fodder for us eh John, my learned friend.
I believe that this thread exemplifies the distinction between what the philosopher Michael Polanyi called "tacit" and "explicit" knowledge. By that I mean that some posters here confuse the two. Perhaps even Jack.
I will take your word for it, John my boy, because I don't have the inclination to read the 93 pages of this guff. Anyone manage to crack what Old boy Grob meant by 'fractal' yet or is it just me? The cheeky devil.