I did Steve. I don't just look at the closes, I look at the context: that is, bar overlap, general price movement, etc. THis is how I understand forced gaussian synching.
Spydertrader's Jack Hershey Futures Trading Journal
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I did Steve. I don't just look at the closes, I look at the context: that is, bar overlap, general price movement, etc. THis is how I understand forced gaussian synching.
Yeah, i dont just look at the closes either however the situation also has the bar going lower in the first half and then shooting back up to close fairly strong in the 2nd half so there is that context to deal with as well.
Yes, we should view the 11:00 AM Bar as decreasing Red irrespective of what the charting platforms say.
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For price to BO a RTL, and officially end that channel, it must do so on increased vol on 1 ES bar AND form another 1 bar which also closes outside that RTL correct?
The problem with trying to form 'Rule Sets' for these methods is, they rarely encompass all possibilities. For example. A Price bar which exits an up channel, drops four points, reverses, comes back up to close just inside the same channel isn't quite the same as a Price Bar which barely breaks the RTL and heads back into the middle of the channel. Yet, one could consider both bars as FBO's.
Better to follow the changes in the market, annotate and draw one's channels based on what makes the best sense at the time with respect to the current context (Time of day, Market Pace, Sentiment, Channel width and slope, etc.).
Hope that helps.
- Spydertrader
My Es 5 min chart for today.
06-04-2007 ES Chart
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