Quote from Spydertrader:
Try this:
You have an increasing Red Gaussian until price fails to head any lower (within the current Forest down channel). You have an increasing Black Gaussian until price fails to head any higher (within the current Forest up channel). You have a decreasing Red Gaussian until Price fails to head lower in the current Forest up channel. You have a decreasing Black Gaussian until price fails to head higher within the current Forest down channel. At some of these change points (increasing to decreasing or decreasing to increasing), you should find FBO's. At others, you should find FTT's. If you find you have made an error with your gaussians, change them. If you find you have missed a channel due to your revised Gaussians, add it.
See what you find at the Forest Level using the above outline. later, use the same exercise for the 'Trees'.
- Spydertrader
