TIKI, Sorry for the delay but I had to eat. In addition to us not jibing with respect to bar #, I also think you misaligned your price and volume bars so as to make it appear like the LM breakout had failed. If this were the case, that it had failed, then I don't see how you could have 'escaped' from the LM. Here is a snippet from the chart you posted, which I have referenced before and used in the earlier discussion: http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=979 I have removed all time and bar # stuff and would ask that you let the eighth bar from the left of the snippet = my 'bar 50'. Then go to my post here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=1091 and re-read what I said and see if you agree. TIA lj
Thank you very much Mr. Black and apologies for the delay. You are a gentleman and a scholar and a winning trader who one day will break JH's record of $1,7000,000 in a day. lj
Hi, 20:05 (on your chart) you went short. Why did you hold after that despite increasing black volume? I do realise that price came out of a lateral (I added the yellow lines) so it doesn't have to mean the trend changed but I'd say that at some point (when you notice price does not fall back in lateral) you would have to let it go or not? thx Ivo <IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=2020828">
Not speaking for Mr Black, but after a traverse level signal for change at 12:50, we have a down tape. WMCN to create a down traverse? EDIT: For all I know he went to lunch and forgot to close the trade, this is just what I saw during that time...
My effort for today. Although posting late I have not looked at any charts and most particularly Spyder's. At * I gave the color of the walking man doji = red, the same as the bar just prior to it. IBGS price and volume are cross-hatched. Any comments would be appreciated. I'm going shopping now and will be back in a couple of years. TIA lj
Correct. The Opening Gap turned Bar One red today. I haven't automated the Laterals just yet. Consider the omission an annotation error on my part. - Spydertrader
Hi lj, I am not sure at all what you are asking to be honest , but looking back my post here today. . . http://www.elitetrader.com/vb/showthread.php?threadid=113310&perpage=6&pagenumber=1086 I was referring to bar 50 of today as I posted at that exact moment. I had seen change to give a point 3 of the non dominant traverse and posted regarding that moment today. Look at the time of my post in relation to the chart today. I then described we needed to identify change on the non dominant traverse and we would have part two sequence finished and on to part 3. The dominant traverse to finish the up channel today. All this just clicked for me at this point. The description I later gave you again was referring to my chart today. http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=1091 I think we are on 2 different topics altogether. If not the case please explain and I will be happy to reply. EDIT: My Holy S... post was regarding this moment today when I got confirmation and it all clicked. It was my Holy S. . . aha !!
Here is a snip from my chart today with bar 50 identified as point 3. This is my chart today. http://www.elitetrader.com/vb/attachment.php?s=&postid=2020713