Better yet, thank you for replying. I know I'm not the perfect guy to receive some info of, but in my opinion. Only my opinion, you're not seeing it. I wonder why you said "the RTL broke on increasing volume", whilst I was saying "okay, ready to go to point 3". It seems you got a bit suckered in by the "decreasing-increasing type of thoughts". But, as Avi said, I could be assuming. I only focus on volume at decision points, but that's just me. Of course Avi will reply on this, but I don't mind.
Words of wisdom. "What gets us into trouble is not what we don't know, it's what we know for sure that just ain't so." - Mark Twain Edit:Thank you, ivob, for pointing that out
Thanks for posting today, I did find I had missed two channels from your post, then I got the critique from astral. The first pennant on your chart wasn't a pennant on my chart (missing)because my time clock for my computer was 1:30 off real time and it gave the second bar in the formation a .25 lower low than the previous bar. Quote tracker time syncs with my computer time not real time. New item for checklist: sync up clocks before open.
IMHO if you can't see why I was noting the rtl broke on increasing volume, look what is now unfolding, a pt 3 down channel after a FTT on the upchannel, just as I anticipated by following what price and volume was telling me. You, are still waiting for a phantom pt3. Maybe YOU are the one who can't see it???
Caught CAVM today. Had a BO then went into lateral then broke out of lateral on increasing black on the 30 min chart. Still holding from 24.90. Comments welcome.
Newbie question here, but can someone explain exactly what 'Gaussians' are? I've been reading through Spydertraders's Jack Hershey Futures Trading Journal and they keep talking about Gaussians and 'dry-up' volume. Even though I went back to the beginning of the thread, I missed the concept somewhere. I believe Gaussians are when the volume bars are increasing along with a major movement, but am not sure. Will someone please clear up what exactly defines 'dry-up' volume and a 'Gaussian'? I looked at MAK's Volume/Volatlity chart, so I think have an idea what 'dry-up' is, but it seems like it's defined by low volume and a short movement, but what does that tell you? If I am using, say, a 5-minute chart- at what point within the 5-minutes of volume and price change can I tell where it would go on MAK's chart? Thanks.
I'm sorry, but It appears we have a different view. It's not a right or wrong kind of thing, you just looked at the limb, while I was looking at limb on forest, so to speak. My apologies. Note the attached, I referred to the big move which eventually came. While you focused on that little channel, there's a big chance you could a lost money depending your skill level. The channel I meant, would have brought you to many points. Just a different view edit: If you'd watch my chart compared to spyder's one, it's Identical, He doesn't even have that channel you persistent talk about, on his chart.