you can draw better channels than that ! were you switching your charts between resolutions? What a start !!! ... welcome to the journey !
Congratulations !!! If we have a tradition of buying rounds, we would all be pretty drunk these days.
I've been thinking about strict Gaussian alignment to Price Channels and finally eeked this out. I know that not everyone draws their Gaussians strictly; however, I believe that a rank beginner should very much do so. Just like when beginning to draw channels at first, it is better to follow the mechanics as strictly as possible. Ditto for the Gaussians. So any furious disagreements?
thanks callmate and tums! this is like crack! lol..couldn't walk away (very bad thing)...dipped in again with a last trade... why did I take it? it broke the support for the day at 1450 with healthy volume... RE: channels.. Im using IB and i can't draw lines on the volume side. Im using snapit for posting here but the software doesnt seem to allow me to draw and annotate... RE: channel switching... ...guilty; i was flipping btw 15min and 5min.... again thanks...and i really would WELCOME any comments...I know I had some difficulties with the congestion as mentioned earlier (I made the right assumption but did not sit with it to take it from 1455 to 1462; realized i was too late to take the uptick; traded it down with the 1461 short approx). i gotta admit some of you guy's ice cold veins....! i know this is a journey...tomorrow's trade is a brand new journey!
Here's my full chart for the day. Started off well, hacked up a lot of my profit with stupid mistakes later on. Good start for sim trading though. +16 pts. for the day. RT