The same thing happened with my on LQDT. My alert did not go off and I was completely surprised to see it at the top of my list at one point. It bothered me enough that I am going to buy a screen or two more (I already use two) so that I can have open charts for all the stocks I have on my daily alerts list. I figure I will see moves easier visually on charts.
Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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The same thing happened with my on LQDT. My alert did not go off and I was completely surprised to see it at the top of my list at one point. It bothered me enough that I am going to buy a screen or two more (I already use two) so that I can have open charts for all the stocks I have on my daily alerts list. I figure I will see moves easier visually on charts.
Hello,
I have drawn the channels for DTLK with annotations and included it in my message. I see a channel breakout happening now.
This is mostly for my learning purposes and I would appreciate any comments / feedback from Jack, Spyder or other experts.
I have labeled pts 1, 2 & 3 with the same color as the channel lines they create. Also the FTT's are marked with the same color as the channel that they fail to traverse. I drew the channels such that every FTT forms point 3 of the new channel.
Thanks.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1264539">
I have drawn the channels for DTLK with annotations and included it in my message. I see a channel breakout happening now.
This is mostly for my learning purposes and I would appreciate any comments / feedback from Jack, Spyder or other experts.
I have labeled pts 1, 2 & 3 with the same color as the channel lines they create. Also the FTT's are marked with the same color as the channel that they fail to traverse. I drew the channels such that every FTT forms point 3 of the new channel.
Thanks.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1264539">
You have inverted your points 1,2 & 3 on your blue down channel. In down channels, points one and three are on the right side of the channel - same as in your other down channel.
- Spydertrader
I am far from expert. However, for my own learning purposes I'd like to address this.
My notes from one of the Camtasias are that an FTT is only when the dominant traverse fails to reach the left channel line. This would mean that the yellow point 3 isn't an FTT.
Hopefully someone can help clarify this for me. If its not an FTT, are the yellow trend lines correct? Is the Maroon point 1 really just expanded volatility off the original blue channel lines?
If I am correct, what I do not understand is how to chart the area around the maroon and second set of blue channel lines. The stock dropped below the original blue channel, which I believe is a reversal.
I've seen this on other charts and don't know how to chart it. If the stock goes above the left channel line, its expanded volitility, if it drops below on low volume, where is point 1?
I assumed the 'yellow FTT' to which you referred (typed in blue letters) made reference to the FTT for the blue channel. This is an FTT, as price fails to reach the left trendline.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1264657>
If you mean to suggest the FTT written in yellow lettering is not an FTT, then this statement is incorrect. The yellow lettering FTT is an FTT for both the blue and yellow channels. I have attached my own chart for DTLK in an effort to show how I viewed the various channels and FTT's.
I hope you find the visual aids useful.
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1264656>
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