[Spydertrader]

Originally Posted by TheDon »

Feedback or comments welcome.

See Attached.

I added a 'light green' and a 'light gray' line to your annotations. Remember to always annotate in a thorough fashion. Once you learn to annotate 'adjacent bars' correctly (and thoroughly), move onto combining the individual containers in such a fashion where these containers match the Gaussian lines within the Volume Pane.

HTH.

- Spydertrader

[dkm]

Originally Posted by FilterTip »

Is this statement you quote now saying that we do not have a lateral until a bar touches either the high/low of the first bar that... eerrmm... how shall I phrase this... started the lateral?
Many thx

I think the implication is that when a lateral CONTAINS a bar with a high or low equal to that of the first bar of the lateral then this is ONE type of lateral, as compared to the kind of lateral that occurs where no bars have a high or low equal to the first bar of the lateral. Only a guess mind you....

[FilterTip]

Originally Posted by sambrown »

We had the same lateral we are discussing today at 11:10. It was created by a dom pt2 bar and exited the same direction as in WMCN.

Hello sambrown (what a voice by the way).
May I ask for your assistance?
Which lateral are we "discussing"?

Many thanks

[Spydertrader]

Originally Posted by dkm »

Only a guess mind you....

Originally Posted by Spydertrader »

Once again, we are only discussing one type of Lateral (See Tiki's posted chart to see the difference).

and in my response to Sambrown

Originally Posted by Spydertrader »

For now, we want to stay focused on this specific type of Lateral (from the Lateral Formation Drill (and follow up) setting aside (for another day and time) those which do not conform.

- Spydertrader

[FilterTip]

Originally Posted by dkm »

I think the implication is that when a lateral CONTAINS a bar with a high or low equal to that of the first bar of the lateral then this is ONE type of lateral, as compared to the kind of lateral that occurs where no bars have a high or low equal to the first bar of the lateral. Only a guess mind you....

dkm
Thx..that helps all be it we are still not in the realms of the definite.
Perhaps the words creates and with were a reason for my misunderstanding.
It implies to me that something has not yet been created.

Ok..thx..onward....

[Spydertrader]

Please point out what part of these instructions you find confusing ....

Originally Posted by Spydertrader »

Rather than saying, "the market tests the Lateral Boundary created at Bar 1," subsitute the words, "the market creates the Lateral Boundary with Bar 1." Now, run this test across both examples under discussion (as well as other examples from The Lateral Formation Drill (and follow up). Does each example conform do this definition? Does today's (9:45 AM)?

Please post your efforts with respect to these instructions ....

Originally Posted by Spydertrader »

Lastly, once one has determined the exact similarities of things, then one can look for the differences which indicate what must come next. Using the above (re-worded) defintion, everyone should be able to create (in their mind's eye and on paper) three possible examples of a Lateral which conforms to the examples provided in The Lateral Formation Drill (and follow up), but also represent entirely different things from each other.

- Spydertrader

[dkm]

Originally Posted by Spydertrader »

and in my response to Sambrown
- Spydertrader

I presume that this response means that I am unwittingly considering more than one "type" of lateral. For the sake of clarity will you please define what this "one sort of lateral" is that you are referring to instead of repeatedly referring to other posts that were equally confusing.

Thanks

[sambrown]

FilterTip and dmk,

Please compare Tiki's yesterday's lateral post with today's 11:10am lateral. Today lateral boundary was created by 11:20 and 11:25 bars. Did you see the same in Tiki's post?
The differences between the two are the way the first bar was formed and the direction the price exited. I hope this help.