Thank you Spyder, ehorn, & Jander. This has been an EXTREMELY helpful exercise tonight! John
The market signaled us to hold short...no doubt now about that. There was no traverse level FTT to signal change. Expect continuation.
Then it seems to me that in order to respect that lateral we would need to be sure that we didn't get a signal for change on the first down...
Lateral
I would agree....and when does price BO of that lateral with two consecutive bars of increasing volume?
hmmmm....the more I look at this chart it seems the market was telling us to keep fanning our traverse. Perhaps there was no signal for change...
OB...price made a higher high on DBV...price will continue down?
IBGS
I agree, I think the FTT should be the last dominant bar.
I say "yah". However, would the IBV still qualify this as peak volume? edit: I see Spyder as already answered this for us.
I'll try to do better....time has been a precious resource in the last few months.
I think it might be a constructive exercise (definitely would benefit me) to examine each of these "traverses" and determine if the necessary...
Bothers me too....lol. Also, to qualify as traverses wouldn't the lateral movements have to achieve a BO of two consecutive bars with increasing...
I believe you are correct here, that the traverse is the fractal between tapes and channel. However, as I review today's chart it appears to me...
Would perhaps some of the necessary components be a dominant tape ftt, non-dominant tape ftt, and finally a dominant tape ftt?
Today's effort. John
Eric - did you try it during regular market hours? I know I get what you're describing when running in "playback" mode after regular market hours.
I have it Pr0crast - sent you PM
LOL....nope, if I was that good I'd be retired by now. But I was up by a few points.
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