ES M8 Daily Chart May / 30/2008 Daily ES bar closed an inside bar which formed a SYM. Pennant today on decreased volume. Daily bar range today = 10 points Volume was 68 % of yesterday. Close of daily today = 58 % of the day range.
I was with a fellow student of the method in chat when 1520 [close of] broke out on increased red volume also breaking an RTL of the accelerated channel. When 1525 [close of] failed to deliver more increasing red, I noted the striking similarities with what happened 5-15-08 1420-1450 http://www.elitetrader.com/vb/showthread.php?s=&postid=1925282#post1925282 guavaman's chart for that day: http://www.elitetrader.com/vb/attachment.php?s=&postid=1922694 Today the price also created pt3 (FT3) on 1540 [close of] bar before returning to the dominant direction and I have been racking my brains ever since trying to find the subtle differences between today's formation BO that resulted in pt3 down and the one on 5-15-08, which did not create pt3. Any hints would be greatly appreciated!
Spyder, dude, let it go. You just have No Idea. Just wait and see. As always, your post contains much truth, for the sheeple. I'm glad you showed how it's not supposed to be done to the sheeple. One little thing though; Where in the world did you get that I try to rationalize my error? My post showed a genuine example of me admitting a mistake. Open your eyes Todd, there are other people who view through a different spectrum. I'm the most strangest person you can ever come across. I intentionally do everything backwards, upside down. I'm actually already past the volume/price relationship. There are tons of refinements still possible, especially the volume part. My charts, if I choose to, will be identical to yours, which I do not find a compliment. I'm refining the 2 ways of annotating. Things are not always what they seem, Todd. I'm glad you used me to show to others how it's not supposed to be done, exactly my intention! The most Ironic part of all this, even the sheeple in this thread are expressing their feelings, They have gotten so numb because of the indoctrination they have under gone.. I'm judging here, I need to stop. you take yourself way to seriously, get a bit loose, laugh at yourself. You're a tough guy, Todd. The first time I've heard you speaking on those videos..very strong personality.:eek: This is exactly why I do it counter wise. There's no one who is right or wrong, try to get it. You don't understand me nor Do I have the capability to express myself, which is kinda sad for me. I need to stop arguing, I'm still weak at this, I need to let it go! your wish is my command Spyder. I will, from now on, only post to contribute as it should be. And...go Avi8, go put my words out of context, I know you're eager to.