Actually I study Aikido. Aikido teaches compassion for the enemy because there is only one Being and we are really fighting with ourself.
Don't look so much at the lines drawn but at the doubletop vs. volume - note on retest of highs, volume is much lighter right before it turns down... I will attempt to illuminate it with this pic. It is a type of divergence because there was less volume on the retest, therefore less supply/demand conviction - yet the same price level was reached on about 1/2 the volume it took for the first time. Admittedly, it may be a loose definition of "divergence" but semantics don't change the process happening there. (see yellow circled areas on this new pic) Regards, Paul
ProfLogic, First of all, I want to thankyou for your help in your posts. They are very good and informative. Question??? I used to use "Omnitrader" as my trading platform. However, I found over time that it did not have the capabilities that I need. So I replaced "Omnitrader" with my data provider "E-Signal" charts. No charge to use their charts as they are my data provider. However, I am in the market for a new charting program! In your experiences with "Ensign" would you recommend the program? What do you like about the program? Or... knowing what you know... would you recommend another program? You seem to be very "charting software" savy and I wanted your opinion. Once again thanks...for your opinions and help!!! snarlyjack
Sorry, I'm a very objective and literal individual. Double tops don't exist unless they match, direction is direction and loose definitions don't exist in my trading environment but that is why everyone has they own style. Good trading to you.
You are very welcome. Anything I can do to help . . . I will try. If you watch a couple markets total, Ensign is a decent program. I myself use MultiCharts and and am absolutley pleased with it. I monitor and trade in 66 different markets and need complete clarity and accuracy. I find that in Multicharts. Ensign and MultiCharts are the only two charting Software programs out there that accurately build Volume (Contract or Share) Bars.
What you must have meant is that you are a very subjective individual - you obviously don't have that much objectivity if you are so rigid that you can't get past semantics to discuss the real point of the market action... which is never perfect and is always loosely formed. Good trading to you as well - and good luck with all that intense hypercritical BS you overanalytical types subscribe to. Too bad that you can't see the forest for the trees...