Spydertrader's Jack Hershey Futures Trading Journal

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Quote from 1.6180340:

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Is the drawing wrong or you just don't like that I use the word 'broken' in the text? As you can see, I only use the annotiation 'BO' or 'FBO' on the right side of the channel, not on the left side.
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broken imply change but it is just a channel continuing expansion.
 
Thanks again nkhoi.

The video links really does speed up the learning curve.
Just like bundlemaker, I guess I was too hyper.
I wanted to learn everything all in one day and tried to combine the different methods I've learned in the past.

Nice video bundlemaker - applaud.

Quote from nkhoi:

you are suffering from trying to nail down channel in shortest amount of time, relax re-read the 2.2 document especial the how to draw channel part then watch this video many times until you get what he trying to say


and in question #1, at 4) left side of channel is not broken the channel is in fact expands to a wider channel, see how you already inject your own interpreting. :D
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Quote from 1.6180340:

...and questions #2 ...
But what if point3 moves above point1?
How to continue from here? Does point2
becomes a new point1? What do the channels
look like at this point?
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hi, I'm going to paraphrase from pg 99 of Jack Hershey's "Channels for building Wealth, v2.2":

When you have a pt1 and pt2 in place, pt3 should resume (meaning start the R to L traverse of new channel) BEFORE reaching the same value as pt1.

If pt3 is above pt1 for an expected short trend, your pt2 becomes the new pt1 as you have indicated with the question marks. Then you would look for a pt3 above the new pt1 for a long trend.

As others have mentioned this must also synch with the Gaussians.
 
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