Well (again for posterities sake) there is a difference between a channel and a traverse (on the 5 minute fractal). Perhaps it is just semantics. But for the 5 minute fractal, the trader you describe might have entered short @ bar 42 on 12/11/2008 (PT1 of the down channel with PT3 of this channel occuring @ bar 81 on 12/12/2008) and would still be holding short until sometime early on tomorrow, when price BO's the RTL on IBV (the anticipation thing). P.S. I meant no offence (or hidden meaning) regarding the RHR comment (it was a poor attempt at humor). We have already discussed my current lack of fitness so I am in no position to speak.
Health and Fitness Great workout on the water-rower, 30 minutes with warm-up and warm-down. Plan is alt days for 2/52, then daily for 2/52, switching it up with alt day intervals, then mixing in running. Weekly massage wouldn't go amiss either.
1 Lateral retrace underway, awaiting P3 of long traverse. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223426>
Upped the difficulty to Medium. Will post a session summary every time the score maxes out. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223427>
Got that glycogen-depleted feeling. Gonna have an early lunch. The heavy machinery next door (which over the past six months has transformed from a residential building to a construction site) is particularly noisy today. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223492>
That lateral definitely overstayed it's welcome... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223518>
Started the lateral on the wrong bar... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2223586>