This is a test post. I use the ES for my channel work. As your one of the few I have run across that works the channels to the next level, I was thinking of posting here. I name the channels, as it makes it much easier to talk about them. This is my 3 month view. I'm usually down in the 5 min and 15 min time frames. I'm up to well over a 1000 charts.
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How To Read Channels
- Thread starter elovemer
- Start date
This is the 15 min view with the night session on. The Green channel is the control. The odds of this actually dropping through the botom of the Green channel are pretty nil. The next move should be another channel similar to the Green channel that alternates back up. Present EW work has 810 as the turn. We could go a bit lower. A break through the top of the Green channel is the direction change.
enjoy...
enjoy...
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Thanks for resolving the date thing. Don't feel so dumb.
Were right on the line tonight. Its a real toss up here.. That DBX channel has held for 4 weeks. The down Red Micro channel working is the real key. We break it to the upside and we go back up is my speculation. We bust DBX and your talking maybe 100 spx points. Haven't thrown up the fibs to see what were looking at from 665. The EW blackbelts have 710 as a target on a break..
There is quite a bit of Channel revision work in the smaller degrees on this new chart..
Were right on the line tonight. Its a real toss up here.. That DBX channel has held for 4 weeks. The down Red Micro channel working is the real key. We break it to the upside and we go back up is my speculation. We bust DBX and your talking maybe 100 spx points. Haven't thrown up the fibs to see what were looking at from 665. The EW blackbelts have 710 as a target on a break..
There is quite a bit of Channel revision work in the smaller degrees on this new chart..
Elovemer, I see we agree on this main Up channel we've been in the last 4 weeks.
I call these the main channels Trading Channels. Then the smaller channels within I call Micro Channels. Then the work within the Micros are the mini's. Names do help in communication. I name the Trading Channels, then the Micros sometimes.
Have you caught on to the alternating of the channels in direction yet?
I call these the main channels Trading Channels. Then the smaller channels within I call Micro Channels. Then the work within the Micros are the mini's. Names do help in communication. I name the Trading Channels, then the Micros sometimes.
Have you caught on to the alternating of the channels in direction yet?