It is a bit confusing. Orange and olive are not traverses and the blue widens or rolls to the green. So it appears the green channel is just a large traverse. I'm not sure and trying to work through these, so thought I'd post 'em. - EZ
Anyone ever seen a Limit Down before? I understand why, but would like to be enlightened as to the trading ramifications once the ES is available to trade. Enter long and hold?
My chart for today 4 traverses. 4 trades. A couple of question: I seem to be getting too late out of my positions. For example, in the Lateral Formation that started at bar 26/1340, we had the FBO on IRV (my exit using PRV). The BO came 4 bars later on DRV. Beginners are to hold during a Lateral Formation. Am I missing something from the Lateral 5min toolkit, or was I supposed to hold until BO? sometime in the beginning of the Lateral at bar 26/1340, a R2R formed, can someone please provide me with a link to more information about this phenomenon (R2R/B2B in Laterals) and what information to take into account in Laterals using the lateral toolkit? Second question: Regarding the FTT at bar 69/1515. Am I correct in my understanding that this in SOC - it could not have been before using the ES 5min traverse toolkit? Please forgive my ignorance, as I'm sure the above have been covered numerous times already I am just looking for hints so I can focus my research over the weekend