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stepan7
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Glad you found Jack's exact quote. It's very important to stick to original Jack or Spydertrader sources and do not pollute brain with later "improvements" of JHM. Stepan
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Always ask yourself question - "In order trend to continue - What must come next?"
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1. Correct. It's candidate for new Point 1 down. 2. Tape/Traverse/Channel 3. Spydertrader: "Unless and until the Volume Sequences complete on each and every fractal then (and only then) can the Price trend change."
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1. Please see attached. 2. Please see attached. 3. The Third Tape that made VE of Traverse did not continue (i.e. no Higher High) but made FBP. Above is enough to exit/scale-down long position.
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Sorry guys, I can discuss only things presented by Spydertrader at the beginning of this thread.
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please see attached chart Today's chart 2015.06.03 ES
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Could you post real chart annotated by you with your questions outlined on it?
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I do not annotate charts - software does.
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3. All three major indices have to line up at the point of change. One can substitute ES/YM/NQ with SPY/DIA/QQQ.
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They are Fibonacci Sequence numbers. In the Nature nothing is random.
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Interesting topic, plantrader. Thank you. I do little trick with four charts: 1. I wold like to see FTT or P3 on all four. 2. Plus FTT/P3 has be be confirmed on YM or NQ 2 min. charts. UPDATE P2 on chart is mistake, please read as P3
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Sure, dude from Russia knows better than Spydertrader, who posted it back in 2007.
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We have in this case 3-bar examples. Examples provided are tapes. BO by definition is a break of the channel. Stepan
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Can you explain how they are different? And what the differences are? Could you list them? Stepan
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To make it clear. HTH