Search results

-600+ pts :eek: :eek: :eek:

:)

Ezzy, My take on this situation is that the 13:15 bar, having just broken out to the upside of what was an very big and very long lateral retrace (10:00 to 13:10), was the first bar in the beginning of another lateral retrace of which the 13:30 bar ended up as just one of the bars that made...

Heavens no, I'm only here for the stimulating discussions with people I don't even know. :p

True to form, I made the incorrect decision.

In one of my post yesterday I stated that protracted laterals are the source of my mis-analysis and costly mistakes. This proved true again today with the protracted lateral of 10:45 to 11:20. Although these scenarios prove very confusing for me to navigate, the reason for the confusion is...

Okay, I see the spike bar at 12:30 which accounts for the increased volume and in itself doesn't provide any indication that a change in dominance has occurred. Still haven't figured out how two bars earlier we knew we still had more lateral movement to go through.

The three ways we can have increasing volume while price moves from Pt2 to Pt3 are BO of Pennat, RTL and a Spike bar. I see where we have increasing volume with the BO of the Pennant at 11:40. And although we didn't have increasing volume in the dominant direction immediately it did show up...

Spyder, Sorry to be so dense on this issue. Undoubtedly, with my confusion on these type of scenarios it is no wonder that protracted lateral movements are a significant source of my mis-analysis and costly mistakes. I just don't see an appreciable difference between the two areas I...

Regarding the signal of change at 11:55 and the non- signal of change at 12:30 The 11:50 bar had IRV w Price moving down and closing outside the range of the previous bar, but inside a lateral formed by the 11:20 bar. Then the :55 bar had IBV w/ Price move up and a close outside the range of...

Easily the most difficult day to analyze I have experienced to date.

There is no feeling involved here, just plain ole cluelessness. No doubt I analyzed and annotated incorrectly starting from the very first bar to the very last. A disappointing reality after investing so much time in an effort to understand the method. No doubt my continuing poor results are...

Following this post I will spend the rest of the weekend attempting to forget today's trading effort. Since my previous analysis concerning the 10:50 to 11:55 period was incorrect then I can only offer the following: There was no signal of change from a short position given the entire...

The 11:00 bar must not have been a signal of change (from short to long) and instead the signal of change must have been at 11:35 making :40 the Pt1. bummer for guava :(

11:55 price closing outside previous bar's range post Pt3 (11:40), but no change. Anyone one know what I missed here?

Since I had not been aware of this situation occurring prior to today, a review of what seem like similar situations and their outcomes would be of interest. I am fairly certain that my efforts to explain the down traverse of today (9-18-08) will fall short of being informative :p, I will...

Bi9foot, My 12:45 bar does not form a FBP. Also, the down traverse starting at 12:35 ends at 13:05. I placed text concerning this area on my chart. It is certainly worth discussing further, however, since it doesn't fit the traditional form of a traverse.

This was one of my post markets annotations because I too analyzed the price action the way you described in real time. However, upon further reflection and information, I realized that the lateral retrace 13:20 to :30 is the vehicle the market used to produce a Pt3 and the extreme volume that...

Many post market revisions included :p

How sweet it is :D muy bueno