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That would make sense, the idea of the swing low being at midpoint would suggest that the channel could only be drawn after the trend was completed. Also I have been looking for the answers to the questions I generated and am finding it very difficult to get the answers. I am surprised that...

In the third post we now see that the channel has been expanded. Lets examine the basic rules for expanding channels and add them on to the list as point B RULE for channels To create a down trend channel 1. 1st draw top line connecting highs 2. Then draw a bottom parallel line...

the attachment

In the second post, we see that the chart has continued. Two new lows have been added. Both these lows cross the bottom of the channel. The first new low does not open and close under under the channel. The second new low does open and close under the channel. Rule for entries to...

Here is the chart he used. If any one can let me know the best way to past the chart in here that would be great.

Expanding on what was said about making channels, I will ask a few questions about the basics of making a channel. Through out this thread we will gather up a set or rules and add to them. RULE for channels To create a down trend channel 1. 1st draw top line connecting highs 2...

I have been reading A simple price action report started by metal. It is a great thread and very informative, some of us may be a bit newer and starting at page 1. Also there are some basic elements that may need to be explored a bit for a newbie. In this thread we will try to explore...

Thanks i will check out your journal, today I'm learning about chart patterns hopefully this is also an important key and I am not heading in the wrong direction.

Gold has been behaving erratic since i had a bad feeling about it, every sine i stated my concern it has been going lower and lower. As soon as i see a sign of normal behavior i will let you know

why buy gold? why use paypal? It has a investment crowd And it has a crowd of people using it make peer to peer transfers cheaply. And it has, or probably will have a crowd of crooks looking to hide money or transfer money anonymously that are not too worried about its value. As it is...

having trouble with the emini, it seems to be too flat during night time, will look at it tomorow. since it is 24hours, its not like a stock where you can analyse at night and expect to be start off where you left. gona hit the sac.

Yes, but on the other hand, our posting frequency about bit coins may increase its popularity amongst millionaire traders.

This is true, but I don't gamble often enough to be bothered to learn how the skill. I've only gone 2 consecutive days in the past few years to play black jack. I don't do it simply because it is gambling. It is sad that I never really got in to it for the fact that society deems it an...

lol. in the vid it says that bitcoins are not backed by anything, as he said neither is the US dollar. The us dollar is more stable then bitcoins. But bit coins is fairly new. Probably each country that gets in to them starts off with a lot of interest and then it wares off. causing...

Thank you for your reply, I will focus my attention on these tomorrow as I seem to be lacking knowledge in these two aspects. For now I will have a look at the E mini as it is being talked about alot. hopefully after I analyze the Emini I will be able to incorporate volume and resistance and...

Again at the bottom of page 2 there is my thoughts of this chart while i was making my lines

Looking back at the jpeg I just uploaded I noticed that I had adjusted the last green channel. Originally, it was a bit steeper. as in this attachment or the pic above. This was analysed weekend the last part of the data was not there. This could of been because I didnt wiat long enough...

thought process is at the bottom of the previous page in my journal

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i guess im kinda stuck right now. Most my knowledge is self taught, and imprecise. The general idea seem right but you guys have taken it to a science that has been analyzed by many people. This is great, but because i am self taught, i don't even understand the terms you guys use, i tried...