Iterative Refinement

Spyder,

In the Lateral Formation annotated above, could one say that the double flat topped pennant ensemble following the sym pennant is an example of an even harmonic and would therefore indicate continuation? Also the Formaton FBO with the ensuing downbar would seem to be a classic example of spike-type odd harmonic top. Correct?

TIA

lj
 
Quote from Haroki:

FSTR - 43.50

WCG - 49.10
More...

Made only 1% each when I sold 'em.

Nope, no W avi8, nor dec volume.

The way yesterday's low provided support, I was thinking a pop, sell rally, then another pop.

Doesn't matter, I don't let those kinds of thoughts rule my trading. Just go with what I see.
 
Quote from Haroki:

...Nope, no W avi8, nor dec volume.

The way yesterday's low provided support, I was thinking a pop, sell rally, then another pop.

Doesn't matter, I don't let those kinds of thoughts rule my trading. Just go with what I see.
More...
Exellent!

The market decides what kind of day it wants - leaving us to decide when to push the button.
 
Anybody notice that "give me" short right off the first bar of the day? Price started the day right next to the LTL of the carry-over channel and just couldn't go higher. It was very clear on the 1min. If you missed that, then you could've caught the short on the same bar as it broke the RTL. Very smooth sailing all day today.
 
Keeping a close eye on DSX tomorrow as I wait for a BO of the current up channel. An FTT has also established itself on the 30. We'll see if we get increasing red.
 

Attachments

Rethought my channels when I looked at my 30 min chart. Currently expecting DSX to see increased black volume tomorrow after an FTT of the thick red channel on my 30.

Comments welcome.
 

Attachments

Does anyone has a screen recording of one of the last 2 chat sessions with Spydertrader? (one that has both charts and the chat window on it)
I'd be very gratefull.

I missed both of them :(
 
I will be attending the NYC Traders Expo next weekend Saturday, February 16 and possibly Sunday the 17th.
It will be great to see as many there as can attend.
Please pm if you are interested.
I look forward to meeting everyone.
I don't want to get OT here, so please pm and we can discuss meeting up.
 
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