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Thanks for the chart.....

The up channel was already formed, the FTT in question is on the 11:00 am bar.

No, I see the dominant up traverse FTT, but it is also inside the Pt3 up Channel, which then turned and became the new downtrend. It was the only FTT of the day, why wasn't it also the FTT of the up channel?

I clearly see the FTT of the Dominant Traverse, but why is it not also the FTT of the up Channel?:confused:

My morning, tape to traverse to channel, 1,2,3,FTT. Spyder, you are getting through, thanks.

Or more simply, it doesn't matter WHO is right, it is WHAT is right. (ie. the market)

I second that, thank you for posting Spydertrader......

es 18jul

Thank you Spydertrader for posting your chart this morning. I compared mine to yours found one channel I drew in that you did not, ( I since deleted it). I was delighted to find that my guassians matched yours EXACTLY for the morning...( woo hooo!!!). I knew in advance today which way the...

My "m" for this morning, any comments would be appreciated...

Sorry, I typed "fully" instead of "thoroughly". It won't happen again.

Thanks Spydertrader for your evaluation, Several differences exist from comparing charts. 1. Your guassians are far more complex than mine (time, experience, and knowledge) 2. You don't show a pt3 down channel from bar 2 with a pt 2 on bar 8, and a pt 3 at bar 12, I show increasing red...

Thanks romanus, yes lateral is the name of the game this morning. If you look at the 20sma from the open to 12:40, it stayed between 1277 and 1274. I see what you are saying about the overall larger dominant down (barely) channel and the last dominant traverse.

Here is my "M" for this morning, any comments would be appreciated......

Hey astral, This thread is for people learning the Jack Hershey method, not the astral method. Your comments do nothing to promote that goal, in fact you are a detriment to that end by wasting mine and other peoples time with your post. Please start your own thread, learn how to be...

I believe you do have a chubby tape there, it's the green down tape after the red FTT....

IMHO if you can't see why I was noting the rtl broke on increasing volume, look what is now unfolding, a pt 3 down channel after a FTT on the upchannel, just as I anticipated by following what price and volume was telling me. You, are still waiting for a phantom pt3. Maybe YOU are the one who...

Thanks for posting today, I did find I had missed two channels from your post, then I got the critique from astral. The first pennant on your chart wasn't a pennant on my chart (missing)because my time clock for my computer was 1:30 off real time and it gave the second bar in the formation a...

Thanks Astral for the critque, I saw the first and second missed channels, thanks. But I don't believe that the last up channel will fan just yet because it walked out of the channel and broke the rtl on increasing volume.