First whole chart post in a while. Where does the time go . Notes: Wasn't here for the hour and a half (hence the paucity of annotation) and had a timely break at the very start of the afternoon run up. Per usual my timing is impeccable Also I had to scrunch the screen up to fit in all the data. It really doesn't look that congested.
You cannot simply choose to follow a certain set of instructions while failing to follow another set, and then claim 'contradictions' exist. We are speaking about a Specific example of Price breaking out of a Pennant on increasing red Volume. Please, for the benefit of the entire class, link to where at any time I provided instructions which indicated comparing Gaussian Peaks with respect to Pennant Break Outs. I contributed five posts in September which outlined how one works with formations - each in such crystal clear detail that many individuals in this thread now profit using the information provided. I'm confident you recall the posts, as they occurred around the same time you spent half a day denigrating the utility of the techniques I use to teach. At no time did I indicate one needs to compare Gaussian Peaks when working with formation break outs. Again, your post contains nothing new - just the same tired old rationalizations, and how someone else should shoulder the blame due to 'contradictions' and 'mixed signals' provided over the course of the year, or how people's answers appear 'subjective' to you. What a revelation. I'll bet nobody saw that one coming. - Spydertrader
Bundle, how can you stay in the "NOW" when you are thinking "avoid pt 3 in middles of the days range"??? Total contradiction; you cant possibly stay in the now and trade what is happening when you are trying to apply some arbitrary rule. Think about it.
Spyder, More to the point: no where did you say NOT to look at Gaussian peaks. You do keep moving the goal post. There ARE contradictions in what I'm seeing. If I see continuation AND change, that's a contradiction. I'm not blaming anyone or anything. I realize I'm the one creating the contradictions. I merely asked for help in trying to sort it out. YOu have repeatedly stated to see the big picture and not go down the rabbit hole. That's all I was trying to do. No where have you stated that laterals carry equal or greater than weight than a channel gaussian. Was it stupidity or rationalizing on my part to make this assumption? I've apologized to you in public and in private. I've made my posts shorter and more consise. I've posted charts. I've admitted my shortcomings. I've done my best to work out quesitons on my own. I don't think anyone reading these last several posts has any confusion as to which one of us is sincere, honest and compassionate, and which one perhaps needs some work in this area.
I was merely following the instructions or rather suggestion that someone following the thread gave me. This person has stated they are consistantly making money and found by doing this and avoiding low volume periods, and taking trades near the high or low of the day worked "much better".
Bundle, this was NOT a low volume period, on the contrary, volume was very high. What you did, in essence, is take an arbitrary suggestion and applied it to "all the time" inadvertently. Look at todays chart, can you honestly say you thought it was a low volume, pt 3 situation? I'll be real honest, this is about as easy a trade as you'll find. Everything lined up.
Today felt really strange. Is this a norm lately – volatility and range? I've been away for a month. And of all days I picked today as my comeback, it looked like a strange day. Not so exciting for drilling, I actually found it kind of dull in the morning – down, down we go…. Had to try and slalom a bit in lower resolutions, just for practice. Went out for lunch. I was short before 14.15, and turned long 14.20 – kind of late, in spite of seeing the turn (still with plus). I stopped from 14.30 – 15.30 as I felt uneasy – I was unsure if I was just lucky. Got back in at 15.29, long for 2 min, then short. I managed around 2/3 of daily range on SIM. Now I have to find out was it pure luck, an easy day or if I’m really getting this . It felt like someone was passing out money all day long
For everyone's convenience, I have collected the five September posts into a word document. The only mention of the word "gaussian" is right at the beginning and is highlighted. If you read the posts, you will find absolutely NOTHING is said about the relationship between gaussians and lateral formations. The word "instructions" seems to be bandied about freely. Yet, NO WHERE in this thread is the full instruction set layed out. Nor do I expect it to be. Nor do I even believe it can. Let's be reasonable. But really, am I supposed to guess at what you had in mind on this issue? It's nowhere in the thread. Over and over and over you've told me and others to look at the big picture: see what volume is doing over the WHOLE channel. Now you're suggesting something different. Having said that, I think it's a tad unfair to be accused of not following directions when I don't even know what specific directions are being alluded to and there is unclearness about what takes precedence over what. By deciding to spar with me, instead of answering the question, you HURT OTHERS! So, which is it: do gaussians take precedence as I assumed? Do laterals take precedence? The easy out answer is it depends on context. That's not a useful answer unless you specify contexts and give at least a handful of examples.