Is the wall pulled by real orders and then made a 180 turn? in my 2 month of monitoring experience, that doesn't happen often. usually I will see some sort of continuation. The force that consumed wall shouldn't just disappear, it takes certain market consensus to pull it off, doesn't it? it's just my observation.
A lot of people ask me that, I just have followed the dow for the past 6 years. S&P feels foreign to me, I just get a better feel for the dow, though been struggling lately to execute. Yeah im an outsider but this method is supposed to work given sufficient liquidity.
Quote from Spyder "this works on all time frames and in all markets (provided sufficient liquidity exists.) "
brent, The ES shouldn't be that foreign to you since it practically mirrors the YM. The differences are in the details and the fact that the numbers on the scale are different. If YM is really what you want to work on, there are plenty of YM charts throughout this thread (esp. in feb/march) earlier months) for you to look at. Pr0crast
You say you are struggling to execute and that this method is "supposed" to work. I would advise not doing any executing until your skills are more developed. I can see by your chart that you are off to a good start, but some of your channels could use some work and you seem to misunderstand some basic channel drawing concepts. For example, you can't have a PT2 before a PT3 occurs (your biggest long term channel, blue). And your thick black line seems arbitrary. And you are missing the first channel of the day, etc. Just some basic stuff that will work itself out over time... And everyone was an "outsider" once -- but keep posting your charts and that will change! Good luck.