The Price / Volume Relationship - Page 144

rs5 · 01-04-2010, 06:35 PM

Happy New Year!

Monday 4 Jan 2010

rs5 · 01-05-2010, 08:45 PM

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........

trader1109 · 01-06-2010, 05:30 PM

Spydertrader · 01-06-2010, 05:33 PM

Quote:

Originally Posted by Spydertrader »

7. In the future, when 'seeing' a repeat of one of these examples, compare the outcome.

8. Note what (if anything) you learned from the process.

9. Wash. Rinse. Repeat.

1. Tuesday (01-05-2010) @ 15:10 (all times Eastern and [close of] ES bar), the market provides a Lateral. Does this look the same or different than an example from The Lateral Formation Drill?

What were the outcomes of each?

What did (should) one learn?

2. Wednesday (01-06-2010) @ 12:15, the market provided another example of a Lateral Formation, which forms like another example within The Lateral Formation Drill. Does this example look the same or different than an example from The Lateral Formation Drill?

What were the outcomes of each?

What did (should) one learn?

3. Wednesday (01-06-2010) @ 14:40, the market provided yet another example of a Lateral Formation, which forms like a third example within The Lateral Formation Drill. Does this example look the same or different than an example from The Lateral Formation Drill?

What were the outcomes of each?

What did (should) one learn?

- Spydertrader

rs5 · 01-06-2010, 07:58 PM

Wednesday 6 January 2010

TIKITRADER · 01-06-2010, 10:06 PM

Monthly ES and DJI charts

saturo · 01-07-2010, 07:53 PM

I have a philosophical questions about laterals... about what is knowable and what isn't.

Lats are created by 3 bars. Bar 1 has a directional aspect. (Further - that direction is either dom or non-dom.)

Now ...the lateral will eventually and ALWAYS have a BO and that BO will either be the same or the opposite of bar 1's direction.

My question is this: is the BO direction ALWAYS knowable as soon as price tells us we have a lat? Or perhaps this is a CERTAIN POINT situation where we only know FOR SURE at a certain point during the formation of the lat?

Spydertrader · 01-07-2010, 10:55 PM

Quote:

Originally Posted by saturo »

is the BO direction ALWAYS knowable as soon as price tells us we have a lat?

Yup, and without exception. Probably why I keep encouraging people to work through the process of Lateral Differentiation.

I designed The Lateral Formation Drill (and its follow up) to remind people to learn to differentiate ...

1. Context
2. Order of Events.
3. and then the thing (in this case laterals).

HTH.

- Spydertrader

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