My view of the day (ES) attached
Channels contain price and containers overlap. Containers are within containers and provide dynamic S/R in ST, IT, and LT.
...not sure about the word count but it is what my answer would be on a quiz :)
http://www.elitetrader.com/vb/showthread.php?s=&postid=1899452#post1899452
Here is my interpretation;
The bar is an Outside bar and an IBGS on extreme volume with price volatility compression (not alot of price movement given the extreme volume). Volume (along with price behavior) is signaling change. But price has not yet broken out the SYM pennant/lateral...
I did some work on the bar coloring of price and volume over the weekend. Probably will not interest most folks (exept maybe Callmate :) ). It looks pretty close to guava's price bars on his charts and the charts that Spyder has posted recently.
If anyone is using Ensign and finds value in...
Here are a few setup configuration items for users of Ensign charting (what few remain) :)
The doc contains setups for:
Bar coloring P/V
PRV
Pace Lines
Bar Numbers
Thanks R/R, That is a useful answer and one I would agree with (w/o mental gymnastics). While I do appreciate Avi 8's comments , unfortunately, often times they seem to confuse and frustrate rather than illuminate and enlighten.
Thanks again,
Thanks again Avi 8. You are raising some very good points and I will share my opinion on the matter.
"Fractal Jumping"... is a succint way to put it and exactly what I did and I feel your follow-up Q is important to consider. The answer is "No" but within context;
It is my intention, as...
Thanks Avi 8, I appreciate your review...
Perhaps I am mislead by your often terse posts, but I will give you the benefit. I did have a nice lunch and I will save a more formal debrief for this evening. Does 5.5 Points seem like alot to you? (I didn't notice the price) lol... But since you...
Personally, I like the writing style he has chosen for the E.T. community. It has a way of winnowing minds - and it appears to be quite remarkable in its efficacy :)
Spyder.... "I see you have constructed a new lightsaber... Your skills are complete... " :D
What is up with that !?!?!?! Looks pretty whiz-bang... So does the S/W automatically calculate the current Pace figures too?
Man, we are writing on stone tablets and you have a cray :D
Sym BO - confirm PT3
Lateral FBO then IGBS - change
I need to look into configuration changes for Ensign (or get a new charting package ) - the coloring of the bars is messing with my mind :)
You are very generous with your time Spyder!