Iterative Refinement

I can't post any chart today, like yesterday I have problems with my feed so everything is messed up. The good thing is I couldn't make sense of anything today and finally I understood the volume was off with respect to the price. Very surreal. But that must mean I'm somehow on the right track here, at least I notice when things are unnormal. :)
 
Quote from tobbe:

The good thing is I couldn't make sense of anything today and finally I understood the volume was off with respect to the price. Very surreal. But that must mean I'm somehow on the right track here, at least I notice when things are unnormal. :)
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Excellent. Now that you have differentiated your mind to see that which represents incorrectness, you now need to learn to see 'not incorrectness.'

- Spydertrader
 
Quote from Daxtrader:

can someone help me annotate this chart?
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Yes. You can help yourself to learn to draw trend lines.

Quote from Daxtrader:

am i drawing these channels correctly?
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No. Not even close.

Quote from Daxtrader:

any help would be greatly appreciated!
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Begin by learning to draw tapes. Use the 'seven cases' posted by jack, along with, the three additional cases, I provided. I also recommend learning proper annotation with a chart which includes Volume. Once thoroughly and correctly understood, then apply what you have learned onto any market of your choosing.

HTH.

- Spydertrader
 
Quote from guavaman:

Thx, but one error I noted is the annotated Pt3 at the EOD. I think we are still waiting for a Pt3 to form.
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I agree. A useful Lateral Movement is in force.

lj
 
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