Here's another one. My timezone means this is a hindsight chart. As you will be told, it therefore has no value obviously (Funny then that it took me well over an hour to annotate properly this fine Saturday morning.) Tapes and internals tell.
Thanks, PointOne. I hadn't realized how illuminating it could be to look at the same day through several sets of eyes. I find my brain almost automatically constructing some sort of composite, moving lines, adding annotations... At the risk of sounding blasphemous, I think it was even more useful than looking at the 'answer sheet'. I've got a very visual memory, and as an added benefit, I feel that after the time spent analysing the static charts, I could not only recreate the chart from memory, but recreate five different versions, and have a fair idea how each of those practitioners would annotate a brand new chart. I'm also having trouble understanding how someone could genuinely disconnect Monitoring and Analysis without a log or similar construct. I look forward to the added insights that the next drill will provide.
note: official words for CO is no bar should stick out from its sides. Never mind any non official lines, they come and go.
DRILL - Beginner Internals Day 1 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2178717>