You have this down cold. Please post a 30 min showing your lines. This will straighten every one out on the S/R slope at this time. secondly if you have right sides on the daily trends that would be great. If not give it a try for us. It will tie together the daily ranges and the IT you commented upon. some of them start and stop at points not the day end. Bdixon is onto gaps and volatility operating cells we can get warmed up for that with your charts. If you wish (your call) do the same for each of the IT's (5 others) for this quarter. I ask because I will tuck them in ot version II edit if you do.
Focus on volume more. You did figure out what was next: It was nothing. get three lines drawn as rays. vorso: you will like q chart. Look at the A/D indicator for a sec.
Follow magna's lead on the IT and the quarterly channel. we need to have this down cold by Labor Day. You are grooving and to prevent getting to hair trigger, do drop back to the 5 min when your gut lets you. See on the five how right now( just before noon, ugh 15:00 your time) the black inside bar and increasing volume takes everything off neutral and then price begins to roll.
You can play with the Stoc 50 club with the proviso volume is sufficient to not allow a LEHGTHY stall or a dip on the 1 min. They happen but they have to come unglued soon.
Write out that sequence on the 5 min. The entry, reversal and reversal.......... is being telegraphed to you. You have volume, inside bars and VDU. the narrow IT channel and this lateral is the most excellent expression of how our stuff rolls in the money all the time. you are now running ahead of the scalper's action. I remember how VDU hit for the rocket and icebergs giving you the flaw signal. Creep into he groove by doing the pro rata on the 5 min or allow yopurself to go to the 1 min and come back ASAP after this is over.
15:00 long rocket 990.25 failed to obey the vdu (15:05). failed to recognize my mistake until it was too late-- chased down to c&r at 987.25 (-3 pt, 15:14) ...which was of course one tick off the bottom.. ...after being mesmerized by my royal screwup (getting worse by the second), I finally c&r'ed again... (can you see it coming?) ..at 989.50 (-2.25 pt, 15:28) at this point I got a grip on myself and held through the gyrations, to exit at 989.75 (+.25 pt, 16:08) Leaving me at -1.75 pt for the day. Argh. There's not any excuse. I really do know better. On the positive side, I'm starting to really see the possibilities with failed rockets. regards, laz
Attached is a 30m of the current IT channel(s). I'm having some problems with my screen-capture across multiple monitors but I'll get this figured out and try to have other charts posted by the weekend. (Note: it's captured from 1280x1024 screen so you may need to adjust in your browser)