Ideal Volume in Channel UP/Down

[Spydertrader 10]

So which is the right trend line for an outside bar?

 

In a similar fashion to the Sym Pennant, either RTL's represent correct annotation depending on whether or not the market has provided a signal for continuation or change (context). Until the time comes to learn about context, learn to annotate your charts in conjection with the gaussians attached to volume. In such a fashion, the market provides the answers needed.

 

- Spydertrader

[Zan-shin 10]

In a similar fashion to the Sym Pennant, either RTL's represent correct annotation depending on whether or not the market has provided a signal for continuation or change (context). Until the time comes to learn about context, learn to annotate your charts in conjection with the gaussians attached to volume. In such a fashion, the market provides the answers needed.

 

- Spydertrader

 

So how do I know "whether or not the market has provided a signal for continuation or change"?

[Spydertrader 10]

So how do I know "whether or not the market has provided a signal for continuation or change"?

 

No need to place the cart before the horse.

 

In my previous post, I anticipated your question about context (continuation or change), and provided advice indicating what one needs to do before learning about context.

 

Until the time comes to learn about context, learn to annotate your charts in conjection with the gaussians attached to volume. In such a fashion, the market provides the answers needed.

 

In other words, Volume leads Price.

 

HTH.

 

- Spydertrader

[nkhoi 10]

vol leads price illutrations from TA explained, Martin Pring

[Tams 20]

So which is the right trend line for an outside bar?

 

 

 

don't confuse "Right Trendline Line" with "correct trend line". (note capitalized letters)

 

 

 

here's an illustration of RTL and LTL.

 

 

Edited May 27, 2009 by Tams

[Neoxx 10]

don't confuse "Right Trendline Line" with "correct trend line". (note capitalized letters)

 

Here's another illustration that depicts the RTL (right trendline), LTL (left trendline) and basic volume pattern in uptrends and downtrends.

 

Edited May 27, 2009 by Neoxx
pic inclusion

[Spydertrader 10]

Additional Gaussian information to go with the Trend Line information posted above. See Attached.

 

- Spydertrader

forestgaussians.pdf

[nkhoi 10]

.. do the work.

sounds familiar. I've heard this somewhere before