Rather than react by annotating a Lateral if you see it forming, perhaps looking at a chart in an effort to learn to anticipate the arrival of a Lateral might prove beneficial. Start with a few charts in hindsight - noting when Laterals form (and no I don't mean 'when Price moves between Points Two and Three'). - Spydertrader
I've been able to anticipate laterals with greater frequency lately but not today for some reason. I tried to work through them today but like I mentioned in previous post some of the change signals IMO were OB that put me on the lateral boundry with no follow through(probably a sign itself) so I had to sit through the sequence. Than I went under the assumption I was right on my analysis and entered or added on the other boundry. Probably just got lucky but it worked. A couple change signals came at spots where I didnt have to do that.
I sense something, may be not so obvious, and yet something that has been starring everybody in the face (not unlike the M/W day puzzle).
... it might help to see the big picture if you wait for a Lat killed before starting a new one... (unless the Lat has an unusually wide range)
I do not know, whether my imagination plays an insidious joke with my perception, but somehow the market gets more orderly...
The more I try to make some sense out all of this, the more it seems to me that the skill of playing this game is rather critical. And it's not a joke.
No shit! Wait till you see three FTT's followed by reversal and pt3 in a row. Then you can ask yourself - what are the odds that my perception plays games with me. EDIT: This is for real.