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Anybody else thinks we have been in the lateral movement since noon? EDIT: pardon the gaussians - still can't walk and chew gum at the same time:eek:

This evening was a terrific learning experience for me. Extremely grateful to Spydertrader and everybody else who contributed.

May be this can help? http://www.elitetrader.com/vb/showthread.php?s=&postid=1802091&highlight=ibgs#post1802091

Got it! Thanks a lot for clarifying!

That bar remained red for the first 4 minutes and turned black at the last minute. See attached. I speculate that this type of bars are referred to by Spydertrader as having a 'Significant Portion' ( "more than a small amount") of the volume of opposite colour. Of course, that's just my opinion...

Ditto. My chop ended on 10:30-10:35 bar breaking out of the Lateral Formation on increased Volume and simultaneously confirming pt3 of the new up channel.

Those yellow triangular shapes on your chart aren't like anything I've ever seen before. They don't look like any of the formations (SYM, FTP, FBP). Just curious what are they?

Thank you.

None of the charts posted today show this green down channel. It seems to be supported by gaussians, unless I am mistaken. Is this view correct? Or I am missing something? Any advice is appreciated. EDIT: sscott has this channel on his chart

Thanks Avi 8! This really helps. Your 2:15:01 LONG is really cool.

This morning. Still having trouble with gaussians:( :confused:

Looks like I was wrong about that leg. When black volume started arriving on 15:20-15:25 bar, the picture stopped making sense and I remembered Spydertrader's advice to push back the chair, I did and saw FTT of the larger "Uber-Forrest" channel.

... and the last leg of what looks like another 'W' - day

... SYM BO on increased volume and B\/B

Thank you, LostTrader!

Hi LostTrader, I am trying to figure out how did you come up with your carry over channel (I marked it "This channel" and arrows on your chart attached). If you'd be so kind to post which bars were used as pt1 and pt3 - I would really appreciate it. Thanks!

... FTT and the Red is dominant again.

... anticipating point 3 of the down channel.

I think it's because NinjaTrader marks the end of the bar instead of the beginning like most of the others. Your's looks like QuoteTracker - and your first bar of the day marked 9:30 shows on NinjaTrader as 9:35.

My gaussians are complete mess, but it looks like we had FTT 12:15-12:20 (bar 34) followed by B\/B.