Yes, but a 2.5 point loss would be very possible there. Also 14:25 was a FBO (not drawn in my example) of another upchannel. However that was kind of hard to see because 14:20 BO'ed and at 14:25 price was crawling back in the channel again.. Looked like price was riding RTL indicating a pt3 would follow soon. I think either you have to be short at the close of the 14:15 bar (so at a good price, no loss) or else let it go and wait for a point 3 down (that didn't come in this example). Another thing is that these things (no follow through) typically happen at these volume levels. However, price went down with so much force in that bar (also YM) that I was convinced sentiment had changed. regards, Ivo
Okay I see what you mean. After this BO of the lateral formation we need more increasing red the next bar. That didn't happen. One should be out by the close of 14:30 bar. thanks, Ivo
I am working on automating the equities methods. I have posted some C# code in the software thread. I will post an update there next week. I have not looked into earning lookups, but I'm interested in hearing from some who have
I listed some overall rules on the signals to decide points of change or continuation. It should help with "A" and "D". Of course your resolution level and context may change some of these. Check out the list and let me know if anyone has any additions and I'll include them on the corrected version.
There was a timing issue with the opening and closing of the hidden instances of Internet Explorer required to run the script. If your error in Vista was "remote server error" then you might try a current version. The most current version is always available here.
If anybody could share their insight on 1450 [close of] bar, I would greatly appreciate that. It is an IBGS, which signals change. Since it closed within the previous bar range I am permitted to look at YM, which at 1450 [close of] shows retraces on decreased red volume following an FTT a bar earlier. And yet the price continues to traverse all the way to LTL.