12-05 13:00 bar = recycled P1; 12-08 9:45 bar = P2; 12-08 13:50 bar = P3. If that ain't it I'm off to join bighog and all the other PA edgers. lj
No. Point Two is correct. Many ways to skin a cat in the markets. Good Fortune to your PA adventure. Say hello to Bighog / Batterup. - Spydertrader
Pigster kept talking about ladies in a chorus line and freaked me out, so I'm back in the toasty confines of my teepee. Last PM I was seeing parallel lines (is that the same as seeing double?) and should have said: 12-08 14:00 bar = P3 and P1 = recycled P3. If that is not correct then I must reexamine my assignments of 12-08 but dammit they work out beautifully with respect to anticipating exactly what went on this AM. There is a phenomenon in science called the fortuitous cancellation of errors whereby one gets a reproducible result based on a bunch of mistakes. We'll see. The channel is a critical piece of SCT equipment. Once you have that channel P3 and correct overlap with its successor you are definitely cooking with gas. lj BTW if anyone other than Spyder wants to help me solve my channel problem then please jump in. I have a thick hide - even guys like ehorn don't phase me (just kidding ehorn). I am parsing dogma here but that's OK. The beauty of the channel is that there are JUST points 1,2,3 and the FTT.
\ I find myself confused as to how the blue Pt3 qualifies as a traverse? It appears that we have yet to establish a real Pt2 at the time this was annotated. How am I wrong?
PFC + early AM. I am using the current color coding (per 12-02-08). lj Tapes are on another ES 5 min chart.