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rs5

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Everything posted by rs5

  1. Tuesday 5 Jan 2010 The sequence I was expecting early in the day did not play out as I anticipated, but looked to form a nice pt 3 in the pm. Let's see what tomorrow brings........
  2. Lateral Drill Lateral 1, 2 and 3 How are they the same? 1. All three laterals are dominant laterals within their own respective small container. 2. All three laterals are in containers on the same fractal. 3. All three laterals have a sym relationship between Bar 1 and Bar 2. Laterals 1, 2, 3 How are they different? 1. Lateral 1 bridges two different trading sessions (end of one and beginning of the other) while Lateral 2 and Lateral 3 occur in the same trading session. 2. L1 and L3 have all bars contained within Bar 1 high and low except the bar with exits Bar 1 boundaries and closes outside the lateral. L1 exits with a VE bar. L2 has a protrusion outside of Bar 1 which closed inside the lateral before the exit bar. How does the lateral start? 1. Lateral 1 Bar 1 is a VE bar in the direction of the container move. 2. Lateral 2 Bar 1 is a VE bar in the direction of the container move. 3. Lateral 3 Bar 1 is a OB UP, a reversal bar to the move just prior to the lateral. Are there any differences in the inside formations? 1. L1 inside formations: Sym, Stitch Long – Lateral exit continue long 2. L2 inside formations formed several overlapping flaws: Sym, hitch, stitch short – Price test Bar 1 low then tested and broke Bar 1 high then exited long. 3. L3 inside formations formed several overlapping flaws: Sym, FBP, Hitch, Hitch, Stitch Long exiting Bar 1 high and closing above the lateral. What is the relationship of the bars to the lateral boundaries? 1. L1 price hovered at lower half of lateral, tested Bar 1 low twice before breaking Bar 1 high in VE bar and closed above lateral. 2. L2 price hovered at lower half of lateral, tested both Bar 1 low and bar 1 high, before closing above bar 1 high. It took 2 tries to exit and close above lateral. 3. L3 price hovered at upper half of lateral, tested bar 1 high, never came to lower part of lateral, and closed above the lateral at first break out of bar 1 high. What came after the lateral? 1. L1 exits with a VE bar in the opposite side of where price entered – continuation 2. L2 exits on the same side of where price entered the lateral – reversal 3. L3 exits in the opposite side of there where price entered - continuation
  3. Here is 8 December again just the volume panel blanking off the price.....wild guestimating......
  4. Thank you. I was just trying to figure out where I messed up....
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