I've been away from the thread for a while as some personal matters related to a death in the family (my brother's wife) have kept me elsewhere. Peeped in tonight to look at some charts and find myself, as I've mentioned before, bewildered by the number of color codes being used to describe the "5 levels" of channel action, e.g., tape, 'fat tape', fftraverse, traverse and channel. IMO, the easiest thing is to use Spyder's scheme, seeing as we all still like to compare our stuff to what he found for a particular day. OTOH, it's a free country so people can use whatever scheme they wish but it would really help a dufus like me, if when a trader does this, he/she says WTF their scheme is. As always this is strictly an 'IMO' kind o' thing. One more observation if I might. One of the B-team blockheads has elsewhere perspicaciously noted that there is no 'leader' on the IR thread. Well, that would be right and to keep it that way, all we need to do is talk with each other using a common tongue. lj
Sequences, their fractals, and discipline - that about sums it up! But there are clear times and unclear times, and it's easy for me to lose discipline in the latter ("I think I see" rather than "I see"). And then that undermines everything else. So I'm working on doing nothing a lot more - but not too much nothing. I'm also experimenting with constant volume charts to see if they help....at the moment it's still too new to tell how they might end up fitting in, but it's encouraging so far. I enjoyed your daily charts, so I'm glad you'll go back to posting them at some point. - palinuro
Daily ES January 16 2009 Not enough daily data from broker. Annotated brown down channel and will look for confirmation as I get more data.
John Murphy on channel http://books.google.com/books?id=5z...r:murphy&lr=&as_brr=0&as_pt=ALLTYPES#PPA80,M1
Yeh, I just sold that puppy, nkhoi. It is pretty clear, IMO, that Murphy really doesn't have a clue about channels as we know and study them, but he does draw a good RTL. lj