Unless I do something significantly different to what I have been doing for the past 18 months, I can't imagine another 20 reps producing the desired result.
Tums, I have to be more precise the next time. With the word annotated I meant the thickness of lines and the FTT and not the location of the points 1 and 2. Perhaps I'm getting paranoid trying to understand this stuff or just overcomplicate it.
How can someone who never read any of this stuff before do things the same way as the prior 18 months? - Spydertrader
I have reread your post. Maybe your understanding of tapes is still not correct? My recommendation stands. If you post your drawings, I am sure you can get this cleared once and for all. And you can confidently move on to the next level.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2002118> Olive Green, Light Blue (Cyan) and Kelly green (also Red, Orange and Brown) represent tapes. Royal Blue and Pink do not represent tapes.
I know how to draw tapes, traverses, and channels. It's the same way as I learned 18 months ago and have been doing repeatedly day in and day out. Unless there is different way to do it, or I am doing it incorrectly, then I am going to be repeating and reinforcing the same problem.
Spyder. Man, you really helped me focus on what is important when you suggested getting rid of all tools except ES Price and Volume. I was not concentrating on the big picture and getting tangled up in my shorts (other tools). By focusing and always looking for what must come next (pts 1, 2 and 3âs), I am much more comfortable in anticipating the market. Thanks for your support.
How does your chart look compared to Spyder's? Is it 100%? or 90%? or 50% similar? p.s. The question one must ask himself is -- at the point of change, have I got all the information I needed to make a profitable decision?