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I've received several PM's as of late indicating the recent ET Chatroom log helped push a number of people over 'the hump' with respect to 'putting the pieces together.' A review of the conversations contained within that log may help you as well. In addition, posting a chart with highlighted...

A break of a Pennant on increasing Volume is just that. In and of itself this does not confirm an expectation of continuation on the next bar. We need to see more increasing volume (beyond the Pennant Break Out) in order to confirm the validity of the current trend direction. Otherwise, we can...

Because we have chosen to use the ES five minute as our trading 'view' of the market, we may experience a 'change signal' just before, just at or just after the period of time we refer to as 'the now.' As a trader, each must decide how to define 'sufficient data set' with respect to their...

You have drawn in a Pink Down channel. What color of increasing Volume needs to materialize after a Point Three in a Down channel? You appear to be suggesting that increasing Black Volume follows a Point Three Down. Does this make sense to you? Again, do you have increasing Volume after your...

Does the Pink Down Channel show increasing Volume after the Point Three? if not, you answered your own question. Without Points One, Two and Three, one does not have a channel. Without a channel, one cannot have a Failure To Traverse of a channel. - Spydertrader

A Link to a good review on the subject. - Spydertrader

As bi9foot pointed out, we view Pennants as Formations. While it first appeared as we had a Point Three Down Channel forming, we never see increasing red Volume after the Point Three - in order to confirm the channel. As a result, we have no down channel. The signal for change materialized first...

Your first Pinkish Down Channel (in the middle of the morning up trend) has no increasing red Volume after the Point Three. Therefore, we cannot have a channel at that location. - Spydertrader

Without a properly annotated chart, one risks not 'seeing' all areas where the ES provides permission to the trader to go and receive signals from the YM. As such, the trader then risks having the YM provide signals at the incorrect times. Rather than deciding in an arbitrary fashion the...

I still have Surf's number in my phone (unless he changed it). I'll give you folks a call later on Saturday. - Spydertrader

You told me we were gonna' crash surf's party. :D :D Now, you go and scam the last invite. Good thing I already made plans with Thunderdog to throw back a few shots (Yes, premium vodka) with Thunderdog and the doorman. :D :D - Spydertrader

Actually, no, it is the same each day. Price moves from Point One, to Point Two, to Point Three on each and every channel. Price traverses the dominant direction on increasing Volume. Each Point Three channel shows increasing Volume beyond the Point Three. If it doesn't, then one does not have a...

Obesity represents a far greater risk to the healthcare system in the USA than smokers due. Simply by sheer numbers alone. Yet our government, the ever vigilant watchdog of morality, has decided Marloboro = 'bad' for us, but Big Mac and Whopper = 'good' for us. While the human body does...

No. I've never tried their data. I only use EODDATA.com to obtain symbol lists. I obtain data for those symbols from another source. - Spydertrader

Everyday does happen just like those two channels. All day. Every day. - Spydertrader

http://www.eoddata.com/ - Spydertrader

The quoted section should read Point Two, and not Point One as I had written. I apologize for the typo, and thanks for permitting me an opportunity to clarify. - Spydertrader

Perhaps, you could take a moment to post your thoughts on the Entry and Hold. In this way, others may learn from your insights - just as you now wish to learn from mine (or Avi 8's). - Spydertrader

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