[Spydertrader]

Originally Posted by rs5 »

I am confused. It looks like the pink lateral ends when the internal green lateral ends.

If you apply your answer as to when one ends a Lateral Formation, your answer 'ends' the Lateral far sooner than where the lateral actually ends. In other words, please locate the "first bar to exit (close out of) the lateral formation" (your answer) and determine whether or not the lateral actually ends at such a point. I've market the correct end point. I think you'll see how your answer incorrectly would end this lateral several bars prematurely.

Originally Posted by rs5 »

Do you mean I am only looking at price now while I should be looking at price plus volume?

As outlined in this post ...

Originally Posted by Spydertrader »

Today's drill involves determining what answer best describes the differences, and once located, by using the information provided by the Price Pane and / or the Volume Pane, applying that answer onto other chart days in an effort to 'see' if your answer 'works' for every other exact same scenario - irrespective of market day.

HTH.

- Spydertrader

[Spydertrader]

Originally Posted by Mr_black »

P/V in action ......(only P3 trades)

Nice to see you still doing well.

- Spydertrader

[Spydertrader]

Originally Posted by dkm »

Attempt at lat differentiation:

Right House; Wrong bed. Or as they say in the Southern USA, Right Church; Wrong pew.

- Spydertrader

[ehorn]

A timely lesson on Laterals Spyder

[rs5]

9 July 2009 - Continuing monitor and annotate

[jbarnby]

07/09 Tapes

[jbarnby]

I'll give the lats from 07/06 another go:

0950 lat begins with price moving higher on dec black vol (non-dom). Price exits this lateral in the opposite direction on increasing red volume.

1200 lat begins with increasing red volume (increasing over the first bar of pennant 1150) and the r2r2b2r sequence completes within the lat. Price exits the lat in the opposite direction and returns to increasing black volume.

1515 lat begins with increasing red volume (but decreasing volume when compared to 1505 first bar of pennant). r2r2b2r completes but the pennant remains active until 1555 bar. 1540 bar does not terminate the lateral because we require 3 consecutive outside closes when a pennant formation is involved.

[Mr_black]

6 points today...........