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NYCMB
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Everything posted by NYCMB
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Hi Spydertrader, I'm not sure about what you mean regarding your July 8,05:11 PM post (chart). Do you mean there are Two Lateral Formations? Lateral Formation A - 10:25 to 10:55 (close of bar) Lateral Formation B - 11:00 to 11:20 (close of bar) Please see the attached. TIA
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Hi Spydertrader, I'm wondering if you changed the rule for bar coloring. There are seven Red bars with higher high, but close lower then open. At the same time, there is one Black bar with lower low, but close higher than onen. Is this a temporary change for learning Tape Drawing? What's the advantage of your current rule for bar coloring if it's a permanent change? TIA
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Hi Spydertrader I have questions regarding 2-bar tape: a) Bar 7 is OB on IRV; and, you have Green 2-bar up tape starting on Bar 6. Is is because Bar 7 close back inside Bar 6? b) Bar 6 is the 2nd bar of FBP; and, you have Brown 2-bar down tape starting on Bar 5. Did you draw the Brown down tape after Bar 6 close? Or, you did not draw the Brown tape till Bar 7 close which offer lower low bar end? TIA