What about it? I am not saying I would trade tape breaks or anything like that. All I know is that depending on the context I expect a tape to be fanned out (or in other words: another pt3 to be created) if it is broken on decr volume. Ivo
Sorry, ivob, if I appeared to be offensive. I just could not understand your statement about fanned tape being a channel. I definitely did not want to prove you wrong or anything like that.
No problem, it was just a misunderstanding. A channel is just a tape that is broken and then (eventually) price continues in the original direction on incr. volume. One could say a channel is a tape break that didn't materialise. Its just that I like to see it like that. We all see things in different ways. regards, Ivo
Very nice website. You can even filter on trendline support and resistance... I just don't see where I can filter on float. regards, Ivo
This thread presents a different challenge than last year's journal. Last year we all started at the same footing -- knowing very little about the method, and had to follow a strict syllabus of progress. This thread is supposed to be a refinement of what we have learnt. But I see reiterative questioning of topics that were covered recently. Sometimes the answers were just posted 2 weeks ago !!! Then there are people who wants to do advanced analysis of the method, but haven't even got the terminologies down. (e.g what is a tape?) I wonder if people read at all. ... just a vent from a different angle.
You can't explicitly filter on float. If you use the custom display you can select float as one of the output columns along with inside and institutional ownership. Then you save the results to a spreadsheet and filter it there. It's a little cumbersome but not too bad.
This is a pattern I observed: A question was asked, 1. Spyder gives a straight answer The answer was not fully understood, or new questions/issues arise from the answer... more questions were asked. 2. Spyder gives an expanded answer Based his own past experience, someone jumps to an erroneous conclusion... then extrapolates an assumption on what should happen... 3. Spyder replies: set aside what you think you know Now you are 3 degrees off course. 4. Exercise, Quiz are offered You are more confused than ever. 5. Spyder realized that some people could not grasped the concept because they have skipped over some important material. The ultimate suggestion is offered: Go back to page one. Well damn, that's the ultimate insult ! No it is not. If you don't see what you want to see, it is probably not there. If you don't see what you are supposed to see, you are probably looking at the wrong direction.
This sounds like the voice of experience speaking Tums and I say that with full acknowledgement of the fact that I too have been down that road - who hasn't? What I learned, [are you ready?], is that until one produces an acceptably, fully-annotated chart and posts it, one is missing out on what this superb thread and the ones before it have to offer. No shite. IMO, what Spyder has been doing recently is different from what has been done in the past but only in the details. The emphasis is the same as it always has been - do the coarse first. Everyone who participates in this thread from Spyder and the backroom boys to the newest of beginners has the opportunity (and the obligation) to pass along what they have learned. John T. Hershey quote du jour: In trading engaging in learning is the principle activity of the trader. This is true because as you learn you find out more and more THAT THERE IS MORE TO LEARN. This sage advice, as experientia has doceted, applies to more than trading. It applies also to science, medicine and personal hygiene. The blab monkey has just latched itself onto my back and so as opposed to letting it do its thing, I'm going to STFU, do some annotation, some reading of what was said yesterday (and this AM - thanks P1) and compose a long list of questions (un petit papier *as the French would say) based on my current level of ignorance. I hope you all have a good and profitable day. lj * un petit papier = a little paper. A Fench expression for the dear souls who come to visit their physicians and remark, early on in the encounter, that they have a little paper with some questions on it. They then proceed to remove from their purse or valise a ream of foolscap with their concerns written on it in excrutiating detail. At this point it is prudent to have already in place, an 'escape from the room' protocol, and to put it into action - stat.