Hi ehorn I have questions regarding your 07/17/2009 chart: a) Is the heavy green trend line a Channel or Traverse? b) What ber is the Point 1 of the green trend line? TIA
I will be happy to provide my answer to the questions if you would provide your thoughts for the following chart.
Thank you for posting it - it made me look at my own chart and realize that my original gaussians are all messed up. P.S. The thoughts in the attached are just opinions of the fellow P/V relationship student and could be wrong, I was wrong before - so it wouldn't be the first time.
lol! Collaboration is a great thing. Unfortunately I have a family gathering to attend shortly, but I have posted a few comments/questions to your logic. (Black boxed)
The 'black boxed' logic may appear to be the result of looking at price only . Using an assumption that at 15:50 of 7/16 the market has not finished building a 5 min ES level traverse and only arrived at Point Two, the attached is an attempt to correctly identify a traverse using gaussians in addition to trendlines.
Hi ehorn, Thank you for providing guides for sequence analysis. Could you kindly give your answer for each of your own question, please? I always have problem to differentiate a Tape from a Traverse. Do you mind to use Thick-Medium -Skinny lines to present Channel-Traverse-Tape in your chart to help JHM students to comprehend your charts easily? Good trading to you! TIA