Since we are revisiting volume gaussians, FWIW, here is a diagram I made some time back to help me understand the gaussian patterns and sequence. It may be helpful to those who are newer to the thread.
seems like more and more people are studying the hershey method it seems.... even Steve Tsvard and optionchoach
Thanks for the clues. I will try and get my morning chart up here although be warned it is just channels and not all the alphabet soup Last question...... B2B..... R2B...? I am sure it means something
Anything based on logical interpretations and straight-forward applications will attract a lot of attention. Initially it cannot be any worse than my approach and hopefully it is even better.
As you go through the thread, you'll find some information with respect to Gaussians. However, if you note the updated syllabus, you'll see that we are going to spend the current month discussing PRV and Gaussians in an effort to make sure everyone has them down cold. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1379383>
ES 1 Mar 2007 I frequently mistake a traverse for a channel and vice versa. It is often the case that a wide channel will have wide traverses which also have clear "micro-traverses" within them. So, I end up mistaking a traverse FTT for a channel FTT but the traverse just ends up wider. This brings me to raise the following questions: 1. After volatility expansion, I would normally just widen the channel but I see many examples of steeper channels being drawn. Conversely, when a traverse widens, the overall channel may take on a gentler slope thus requiring adjustment to the right trend line. Are there any guidelines as to when it is appropriate to draw steeper or shallower channels? Is it just a case of adjusting left and right trend lines so the channels best match the gaussians? 2. In the period from 10:15 to 11:20 today, I ended up adjusting the right trend line several times for what was probably a form of high volatility stall / LTR traverse. Was this the right thing to do?