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Ahhh yes. The sweeps chart. Admittedly, I could never decipher the document, nor can I to this day. However, my understanding of the process informs me that the document is supposed to indicate to the trader where to go look, and when to go look for input. Where are you headed, and yes, as a...

When I first started monitoring, I'd grow mentally drained by lunch. I'd even feel as if I needed a nap of all things. Slowly (over a period of 2 to 4 weeks), I built the mental stamina to monitor all day long. Some things that help ... Take breaks. You'd be amazed at how 5 minutes here...

You've provided a wonderful description of what a trader should not attempt to do. The Hershey Methodology provides a sequence of dominos which fall in specific order. This order changes based on the current context. Monitoring 'all things, all the time' (in any fashion desired), not only...

Box One Note the Lateral Formation which indicates Price still maintains a Left to Right Traverse. As long as Price stays within the Lateral Boundaries (which it did), the market has not yet reached its 'valid Point Three' Transition Point. While I can understand how one might 'see' the...

For purposes of the drill, entering on increasing PRV, and noticing Volume showed decreasing by the end of the bar, requires an exit. When actually trading, as long as Price continues to move in one's favor, you hold (although ready to wash if a quick reverse happens). The whole point of this...

Ben Bernanke Speaks! Thursday - Jan 10, 2008 1:00 PM ET : Federal Reserve Chairman Ben Bernanke to speak about the financial markets, U.S. economic outlook and monetary policy to the Women in Housing and Finance, in Washington. Audience Q&A expected . 1:00 PM ET : Kansas City...

Yes. You hold. You'll have FBO's now and then, and you'll also have Outside Bars with which to contend - all of which provide a lesson. By performing the drill, a trader learns where focus needs application. Did the trader follow the rules exactly as described? Did the market provide clues...

You need to bring the pendulum back to the middle and away from the extremes. Here is an easy little drill to convince you just how much you really do know. Start with Bar 1 (9:30 AM eastern time) of the day at its close (9:35). Watch Price and Volume. If Price of Bar 2 breaks the Low of the...

For many years, I added audio alerts to Equities Trading in order to 'draw my attention' to a particular chart which had reached a certain threshold. Thinking back, I ranked the input (auditory first, visual second) in an effort to avoid information overload. One could program similar auditory...

I encourage you to seek to understand what The Market says. No additional tools needed. Strive to 'see' through your own eyes. No need to try to grab every single tic - just to know the right side of the market. Start with a well annotated chart, and in a relatively short period of time, you'll...

First of all, nice work on your trades. You should be very proud of your efforts (and results). Since you asked ..... I recommend not trying to 'gather it all in' by adding additional tools which may or may not add value to your trading. While I don't want to discourage anyone from...

Forget finding someone's quote (Jack's, Mine, Mak's or anybody else's) for a moment. What does the market tell you? 1. Are those Pennants? 2. Are they in a Dominant Traverse? If one answer's 'yes' to the above questions, then a problem exists which requires a solution. One then need only...

Do you use Price (and Formations) for these Forex Trades or have you added another component to replace Volume? - Spydertrader

A few FTP's from earlier in the day - also in the Dominant Traverse. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1741922>

I disagree. Today has numerous examples of Pennants forming on Dominant Traverses. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1741891>

First Lateral Formation annotated - isn't. It is an FBO of a Pennant (not annotated). The Price action of this area cannot create a Lateral Formation as the FBO Bar (Big red) has a High or low falling Outside of Bar 1 of the Pennant Formation. In order to have a Lateral Formation, all subsequent...

I recommend differenciating between Increasing Black Volume and Decreasing Black Volume. Each represents an entirely different context with respect to your trade. One context, you should expect while in a short trade. The other, you'd want to avoid. Understanding not only the answers, but...

See attached. While it appears you have 'all systems go' with respect to your current trade, make sure you keep a few things in mind as time moves forward. While Price clearly broke the RTL, the chart also shows a BO of a Flat Top Pennant (FTP). The next question needing an answer is, "Did...

Many share your thoughts with respect to Price and Volume. You can locate a current discussion here. - Spydertrader

Increasing PRV over the previous bar. - Spydertrader