Chart for the morning. In my opinion price at the moment is just moving sideways so I'm still long even though it went thru RTL. regards, Ivo
HI Razor, I think your channel it's not well drawn... In a down channel pnts 1 and 3 should be in the "upper" line. Regards,
Hey, thanks for the help It looks like you are correct; however, why does point 1 start there and not at that first high ? Thanks again EDIT: Oh wait, ok I just re-read it a few times and I think it sunk in "In a down channel pnts 1 and 3 should be in the "upper" line." Thanks again
Razor - you've missed a number of critical posts which discuss fundamental aspects of what's going on here. I'd recommend that you go back to the beginning of the journal, read closely, follow instructions exactly, and take good notes. While I realise that there is a huge urge to "get going", it will be extremely beneficial to you in the short and long run. The market will be here, ready and waiting for you - whether you are ready for it or not. -Au
HI guys, I hear ya, I have been reading but sometimes things don't sink in for me unless I ask questions and get responses (that response on drawing the trendline 1-2-3 makes so much more sense now even though I read the threads on drawing them....weird how it sunk in from that response and someone actually drawing lines on MY chart). I will keep reading and re-reading though. I actually have volume on another chart that I click on so I am always looking at it because I click back and forth between the charts Thanks for the help