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The above quoted text represents the same question (worded differently this time) you've posted numerous times. If the market has started moving from Point One to Point Two, it must also then move from point Two to Point Three, and finally, it must also then move from Point Three and toward the...

I did not say to unlearn anything. Everything learned to this point has its place, and will serve you well later - after passing the Monitoring Process (correctly this time). Simply, set things aside in order to enter the learning process without bias. - Spydertrader

Nope. No increasing red. Set aside what you think you know. :D - Spydertrader

The tires cost more than the fuel. - Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1986595> I hope everyone found the day productive. - Spydertrader

Since the Lateral in this specific case doesn't perform the role of retrace, traverse or channel, I don't see why one couldn't annotate as you suggest. Nothing significant comes to mind requiring one to draw it in as I did. - Spydertrader

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Note the three (of the four discussed last night) examples of Laterals in this morning's chart. 1. Lateral Formation which turns into Lateral Movement and holds no additional significance other than Price lines up nicely. 2. Lateral Movement which also forms a Lateral Retrace. 3...

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Laterals can form retraces, traverses and channels. When laterals do not form any of these three things, they have no other meaning. Use Bar 1 of the formation to 'set' the upper and lower boundary. Do not think of Laterals which form retraces, traverses or channels as 'signals' to begin to look...

See advice recently provided to romanus. In addition, Remove the indicators (MACD & both Stochastics) from your charts. They have hindered your progress. Focus entirely on Trend Lines and Gaussians. You have missed something critical as well. Review the Building Channels for Building Wealth...

You do not 'see' the answer. There are no 'conflicts' save those created in the trader's mind. As such, you need to go back in time. Rewind the video tape to January of 2007. At that time, the 5 minute ES Chart represented the only tool available to a trader starting to learn. At that time, I...

Anyone trading at the 'Tree' Level (Traverses) should have made a maximum of three trades the entire day. Short from 9:55 AM Reverse Long at 14:10 PM Reverse Short at 15:40 PM Exit at 16:00 PM (All Times Eastern and Close of Bar) If you felt it wise to make additional trades, or if...

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You are most welcome. The market has the answers. Clearly, yes. The market had not finished moving laterally. You determined the market signaled change. The market said otherwise. Between the two of you (the market and yourself), which one is always right? Hence, something...

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