Drawing the channels is not exactly rocket science. Forget the rest of it. Draw the channels and post them for a couple of weeks for critique. When you come proficient at that, start annotating. Take it one step at a time and it is not that difficult. Stop trying to figure out the "the method" and concentrate on the first step of the method.
Thanks to all for responding. The advice to take a bite of the elephant instead of trying to swallow it whole is probably the best route. I have seen the video and will watch again. Did Pr0crast develop a formal review? I will search for it but if there is a link I would appreciate it. Thanks again, this is really an amazing thread. -guava out
Depends on the context. If I held a long position, and watched STR / SQU jump up to +10, we have continuation. On the other hand, had a held a short position and observed the same +10 jump, I'd have change. - Spydertrader
Spyder, Could you please review the attachement when conventient and comment? I know others I speak with have the same issue. It boils down to making the initial call correctly, and then what appears to be cause to reverse turns out to be false move.
Spyder, Are you saying, that if you were LONG and saw a STR/SQU reading of -10 you would "instantly" reverse to a SHORT position no matter what price was doing? If yes, at what other levels would this action occur ........ -4, -5, etc. ? Again if yes, wouldn't volatility affect these action levels?