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Looked that way sooo.... Im wondering why? The 13:25 bar broke and closed below the low of the 13:20 bar. It also broke out (down) of the lateral formation. PRV was also higher than 13:20. I actually almost marked the 13:20 bar as my new point 3 but it closed within the lateral and...

Spyder, Is your down Point 3 on the 1:25pm or 1:30pm bar??

This was VERY DIFFICULT for me to navigate as well... That being said, I think getting together to review is a great idea. Count me in as well.

I was under the impression that, due to the increasing volume in relation to bar 5, you eliminated the possibility of a new UP Point 3 by the close of bar 6. Is this correct? Or are you saying that Bar 7 confirmed this possibility by having INCR RED and also trading below the LOW of bar...

:p Yes! I waited for the "better looking" point 3 ( see posted chsrt from earlier today). In reference to your second answer.... I see the same sequence for bars 8,9 and 10 today. Bar 8 black volume start of retrace...Bar 9 DEC black as price moves higher looking for new Point3...

Thanks for sharing this sequence Avi. I often have trouble with "fast" channels that dont appear to have a retrace. This chart is a good example of what I am talking about. Increasing black on bar 2 and 3 then decreasing red on bars 4 and 5. I put my "tapes" in place and now I am...

My work until Noon today... Keeping with the recent posts on proper Gaussians I am looking for comments on mine. Also feel free to comment on any annotations or channels. Thanks in advance.

Spyder, Dont know if you saw this but would you mind commenting on this post when you have a minute. Thanks in advance.

As has been said before... Establishing your Point 3 is not always the same bar that you take action on (enter a trade)... Often we see a potential Point 3 (with low PRV) and confirm that it WAS indeed a Point 3, a bar or two (3? 4?) later, after we have the +PRV that we need. Today we...

The differences I see between the 2 bar themselves are: The range on the first bar (12:00) is smaller then the second. 1.75 points vs. 3.5 points. The first bar closed .25 under its open vs. 1.25 on the second. The first bar closed back within the range of the previous bar where the...

Padawan, I saw the 2:20pm bar start an HVS ( Hope this is the correct observation) lasting until 2:40 pm bar. Based on the very low volume on the :35 and :40 bars I couldnt identify either as a new, steeper Point 3 up channel. I almost expected the 2:45 bar to do what it did...break...

Good point. Entry was made on the 11:40 a.m. bar on a newly formed Point 3 of a DOWN channel. Increased RED PRV on this bar confirmed then new channel down. I personally was skepitical on this bar (11:40) because price closed back within the previous bars range AND we had not broken out...

. Entry...Yes. Hold...Yes. Exit...Not exactly sure. Increased volume but price reverses Intra Bar and closes above the mid point of that bar BUT exit was a point or so lower than the close. Avi or Spydertrader could you please elaborate on the exit and my thoughts. Thanks.

Tiki, I am wondering if you are feeling (or would feel) confident taking trades based on EACH of your Point 3's?? I am not questioning their accuracy mind you. I am only asking because I find myself having difficulty (in real time) with some of them today.

Yes the market seems much "faster" to me lately. Then it seems to go from fast to looooong laterals. Then out of the blue a sudden move one way or the other. It also seems that even if I am right about the direction of the market, my position can move against me by a few points (not TICKS...

My ES chart for the day. The areas I highlighted with a blue rectangle were areas of confusion for me. A few of the Point 3's that I marked showed increasing PRV (compared to last bar) but by the close of the bar ended up with LESS volume. The bar also broke the High/Low of the previous...

My ES chart for today. Day seemed very choppy to me. The 1:05pm and 1:10pm bars were fun (lol). Comments about my annotations are welcome.

Spydertrader (and anyone else willing), I would love to see your annotated ES chart for today if it isnt to much trouble to post. Thanks

Does anyone have Friday's ES chart to post?? Thanks in advance.

This has been my focus this entire past week. (review some of my prior posts) I was often identifying my point 3 area too soon. psychologically I didn't ant to miss the move but on the flip side I was uneasy with price moving against my entry area too much. As a consequence price would...