14 January 2026
Where a trend leg actually ends
On the first Tuesday of a desk, half the room draws the line through a wick because the wick is the highest mark on the page. That is a place. It is not yet an ending.
A place is not an ending
A trend leg is the stretch of price between two swing points you are willing to defend. The high of a wick can be a swing point. It can also be a spike that the next three sessions ignore. In the Bang Kho Laem room we ask for the later sessions before anyone darkens the line.
Anong Srisawat makes the room wait. She hands out a window that looks obvious, then covers the right-hand third with a card. Students mark an ending on what they can see. When the card comes off, about half the endings are still standing. The other half were the highest ink, not a turn.
The sentence you have to say
Before a line is accepted, the student says one sentence: the leg began here because price left a prior pause, and it ended here because a later pause failed to make a new extreme. If the sentence needs the words “it felt like,” the line stays in light pencil.
This is slower than copying a swing off a screen. It is also the reason week one has no volatility measure at all. A range laid on a bad ending just makes the bad ending look measured.
What we keep from the argument
Two people can defend different endings on the same sheet. The clinic on Saturdays is built for that argument. The desk is stricter: by Thursday of week one, each student picks one ending and uses it on the next three sheets, even if they have doubts. Changing the rule every page is how a journal becomes a pile of exceptions.
If you are marking at home this week, cover the latest sessions with paper, choose an ending, then uncover. Write down whether your ending survived. That single comparison is the whole of the first evening.