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Spydertrader's Jack Hershey Futures Trading Journal
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Quote from Pr0crast:
ES
Hi Eric,
I was checking the 2-3's after the different breakouts on your chart and then noticed this channel (see attached) does not really follow it's gaussians. Maybe that is the reason why there is no clear point 2 and then point 3 down after BO.
Actually when I saw how price reacted after breakout of the channel on your chart I told myself to check the gaussians because I suspected something had to be missing there.
regards,
Ivo
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Maybe someone else can comment on this too, but here is what I see. It seems to me that the dominant traverse here is disguised amidst the red bars, and that's why you don't see increasing black. But I could be wrong.
In my gaussians i basically chose to discount those three flaw-ish bars and just ignore the hidden dominant traverse, for fear of traveling too far down the rabbit hole. I go straight from the red retrace to the red reversal.
In my gaussians i basically chose to discount those three flaw-ish bars and just ignore the hidden dominant traverse, for fear of traveling too far down the rabbit hole. I go straight from the red retrace to the red reversal.
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