Search results

While I did not annotate in the same fashion as you describe, a reason exists which allows you to place somewhat different annotations on your chart, yet also, creates an environment where you arrive at the exact same place as I. In short, one part of your brain 'sees' it, but that part hasn't...

I rather enjoy watching the market answer your questions (mainly because it saves me loads of typing :) ) - especially when the answers arrive less than 12 hours after someone posts. - Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2084554>

The annotations provided in your attached example do not accurately reflect the market. - Spydertrader

Before moving to 'ever exist' with resepct to the problem at hand, let's solve for the current case under discussion. Volatility had nothing to do with these instructions. One point in time shows continuation, while the other point in time shows change. Many have decided no differences exist...

Cup Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2081254>

Chase Race: Dover Green Flag: 2:00 PM <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2080806>

You've now chosen to add context to the question at hand, and correctly so. However, always make sure you understand exactly the context at hand. The answers you seek must work in all cases which represent the same context. - Spydertrader

Based only on the example provided (two bars and no other context), then you have correctly provided examples of the two answers I refered to previously. - Spydertrader

Both charts resemble my own with a few key differences. I have annotated the 8/18 down channel slightly different than you (resulting in the pennant on increasing black volume 'completing' the channel sequence). In addition, you have a orange-brown up channel on 8/19 which doesn't follow any...

You see the details just fine. However, the answer you seek has become obscured by these details. Zoom out and 'see' the bigger picture. - Spydertrader

Whoa up there guy. No need to feel as if you fail to grasp the whole enchilada. You made two small errors, and instead of focusing on only those errors, you've instead chosen to conclude a whole other thing. Review my responses to your posts and focus only on those areas mentioned. When one...

Cup Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2079711>

News Top McLaren engineer to join Michael Waltrip Racing - Spydertrader

Recheck the mode of the bar in question. Apply the Jokari Window to the exact scenario you describe. You should receive two different answers depending on where Price closes with respect to the previous bar. - Spydertrader

Incorrect. Try again. Two change signals from short to long exist. Both develop in the final sequence of a channel. Most likely, you've annotated them in such a way that you do not 'see' them as you should. Start with Volume (since Volume leads Price) and look where these changes might be...

The answer resides in understanding why 11:55 differs from 12:35. (All times Eastern and close of ES Bars). - Spydertrader

Toss out the above conclusion, and try again. What you have missed does not reside at 11:00 or 11:35. Start with your original premise and look for evidence which disproves that which you felt exists. Arbitrarily deciding something simply because you currently can't see the answer, doesn't teach...

Wise decision, and excellent analysis. Note the areas where you (due to your current level of experience) failed to 'see' WMCN with certainty. In these areas, you walked through all scenarios and waited for the market to indicate the correct action. Nicely done. - Spydertrader

FYI. Jack posted his 'Seven Cases' some time ago. However, some might wish to consider a few 'additional' cases when attempting to draw 'tapes' (manually or as part of an ATS). HTH. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2075118>