Recent content by Ares1

Here's a chart of the SPX with my speculations: http://1.bp.blogspot.com/_YENylqDzbtM/SnSCodMpquI/AAAAAAAAAck/1RkKokF9Ipo/s1600-h/SPX+daily+chart3.png Speculation1: 996.68 as Wave 5 and headed down towards Wave 6 (of the 1 and 4 pattern). Speculation2: Wolfewave3/Elliot wave3...

I just read this post. Ty. I will review it.

I guess I was trying to see what will come next after price created what looks like a point 3 for the thick green channel.

Here is the wider view of the 5 minute chart:

Based on this definition of a channel, here is my annotation of the 5 minute chart of UYG: I see a blue uptrending channel within a green uptrending channel into the close. So far, after hours is showing price within the blue uptrending channel. There's a bunch of other lines showing in...

Just noticed that the 50 sma crossed above the 200sma ( a golden cross) on UYG's hourly chart and added it to the annotation.

After seeing what romanus just posted, I moved the rtl of the descending channel (counter trend) higher and added more notes.

Here's the new annotation of UYG's hourly chart. Not sure if I did it right. It would be nice to see the correct annotation.

Spydertrader, Thank you for the respose. Here is the hourly chart (mid term that I look at). I'm looking at a possible head and shoulder formation or is that a cup and handle (not sure). I also look at the 5 minute chart (for the short term). Sorry, haven't edited the charts yet...

Hello everyone. I haven't posted here at Elite Trader for a while but want some clarification on my charting. Since I'm not sure - I thought of getting some help from the experts on channels. :) Attached is a chart of UYG. I see a "perfect" hit of the yellow descending channel's rtl...

Here's my annotation on a 20 day/ hourly chart of UYG. You may have a different perspective. Comments are appreciated.

Ty Ivo for the reminder. I'm still continuing to learn more in my "journey". http://www.elitetrader.com/vb/showthread.php?s=&postid=1900278#post1900278

I still have way to learn. Ty Ivo for pointing out that a point 3 always has to have increasing volume with it. This was my most recent annotation (just before reading your post) :

Elite Trader, Thanks to all who have given their input to me and have been "teaching" through their posts. I've learnt a lot from everyone (and am still looking forward to learning more). Attached is a shot of a 5 minute TOS chart of SKF/UYG. Some of those who have seen the chart on...

I've been reading this thread every now and then. Brandon, I believe that your willingness to mentor is sincere. I can't remember where I heard these quotes before but I thought I would share it with you. " A good name is rather to be chosen than great riches." " If only I have to...