Question for Grob/Hershey...

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Quote from aweissen:

I'm having difficulty recognizing a lateral trend while it's forming. What clues do you use to help identify one?
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I look at the slope of consecutive bars for trend, but I also look horizontally for peaks/valleys that form at similar price levels... the flat bottoms and tops tend to stand out.

I'm interested in hearing what clues others are looking for.
 
To wit, see the attachment. Some nice little low risk scalps for those who don't want to fret their heads about SCT (it's sooooo complicated).
 

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Quote from BA_Trader:

Wow!! a 4 bar tape -- every bar at 30K+

Let the squeezing begin.
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BA, beyond the tape are you referring to a short squeeze? I'm not too familiar with how they play out. Is this what happend on bar39 this morning? How did you know the squeeze would come this time? We had a three bar short tape through bar 56 with each vol 40+, but not much of a spike following, so I'm looking for clues to recognize this next time.

Thanks
 
Monday was a little slow.:D Who can imagine what tommorrow will bring. I may be done for the week. Cant stand too much more of this. Quite a ride the last three days.
 
Quote from hypostomus:... SCT (it's sooooo complicated).
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but a worthy goal, no?

Intriguing charts, thanks for raising awareness of the correlation.
 
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