Technical Strategy

I just realized that in reversing on the F1 bar, I completely disregarded the faster fractal LTL!

Anticipating a brief surge long. But not certain enough to take the reversal.
 
Just struck me why we opened the way we did... we were still looking for our channel point 2.

I've been paying more attention to geometry than Gaussians.

So glad I dropped the YM (even if it does mean RTH passes much more slowly).

WMCN is the foundation for everything.
 
Bar 53 reversed long.

Wondering if the real channel point 1 was at 10:55. The past hour and a half was an aimless lateral drifting, or more technically, appears to be a lateral traverse, in which case I'd anticipate a long traverse once volume returns.
 
Quote from Neoxx:

Bar 53 reversed long.

Wondering if the real channel point 1 was at 10:55. The past hour and a half was an aimless lateral drifting, or more technically, appears to be a lateral traverse, in which case I'd anticipate a long traverse once volume returns.
More...

Why reverse long in a sym pennant? Suppose to hold. You missed a big move to the down side.
 
Up until very recently short was non-dominant.

10 bars after the long traverse RTL break and we still didn't have an R2R.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2278252>
 

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Quote from Neoxx:

Up until very recently short was non-dominant.

10 bars after the long traverse RTL break and we still didn't have an R2R.
More...

Do you see an FTT and point one down on bar 39, pt2 bar 41 and pt3 bar 42, with IRV bar 44 confirming the down traverse?
 
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