Ok, thanks for clarifying because my interpretation has been wrong then. I thought the "use larger" simply meant use the larger volume of the 1st bar vs subsequent internal/lateral bars, which almost always resulted in 1st bar (of the formation) measurement only.
Your interpretation was correct.May be i didn`t put it clear enough.When the second bar`s volume in the combination is higher then the first one,then you measure it as XR or XB/translations.
Ok, if my original interpretation was correct, my original question is still unanswered. Bar 41 did not have higher volume than the origin of the lateral (bar 38) and sym bar 69 did not have higher volume than bar 68. So how can either of those 2 bars have an end of trend volume event if the volume cannot be measured? Perhaps I need Jack to answer.
Good observations. No one even has to look at the chart to see what is in play. To use a bridge term, some things trump others. The failsafe sub system is included to assure no or few losses. Its major principle is "to stay on the correct side of the market". The rule is: If and when the criteria (this is a specific coded application of Carnap's logic theory, provided on the Failsafe sheet) is met, then on that bar above all other considerations, the deduced behavioral finance based iterative refinement action is taken. (See "BF or BS" on BF home page). The failsafe sub system is a price oreinted system. Measuring volume does require price permission. You have brought out several very thoughtful considerations. (mindfulness). I believe that in five years or so, the financial Industry will discover the mathematics of the markets. If and when it does, amajor smoothing effect will be evidenced. Nowadays you see the FI doing the usual (inventing new unregulated instruments to rip off the unwary) and throwing out the stupid players See Mav's article post); BUT occasionally there is a FI considered effort. LO at MIT fouled up a lot of potentiually good stuff by his mistakes and federal testimony. Still, there are those in various academic places that could be creative. Qunat is a lesser thing than Qual. What if the FI discovered how Qual works and Quant doesn't work? I found that negative logic is a lot simpler than positive logic. An ounce of prevention does replace a pound of cure. Bailouts were cures and they are now just time bombs. So it goes. read the current translation of my fractal notion into being a timeframe. A lot of idiots are still on the loose. Multiple time frames is a very shoddy patch for interlocking fractals (3 to 1 ratio, necessarily).
this post is a mix up of two separate items. you cannot use volume measures on price or vice versa. "squishing" creates a single bar. Only price is squished. this creates the RDBMS for price name assignments. If a "U" appears, then volume is measured relative to the prior bar volume. The first bar of an internal is always measured in volume and logged according to the volume test procedure. With respect to the volume of the second bar, if it is smaller, then a Wait is entered on the "Event" column. When a U appears on the second bar, then it is measured using the volume test procedure. To make money trading, a deductive process is in use. there is never any "inductive" process ever used. In other words, we do not use sloping lines on volume. we use names on each volume bar. To take the full offer of the market, a potential trader always "knows that he knows". There is no probablilty about always "knowing that you know". trend following does not work. In its place, one must substitute "monitoring and analysis in the Present. Think very thoroughly about the fact that knowing that you know with 100% probablity. Then consider "prediction". Predition is unnecessary at all times. Knowing that you know can only be done with one kind of mathematics. It must have a base two. More important is your being able to recognize that all market variable values are granular. Only steps may be taken in market variables. Averaging market variables is NOT a rigorous practice in any mathematical sense. People who do this are fucked up mentally (irrational). trading requires that all processes are caried out rationally. I made a great effort to have people reason before I posted all the fintie mth sheets required to trade. I was unable to create an incentive that was sufficient to get purposeful learners to actually create all these sheets I provided. It is a large deductive effort to work through creating all these resources. For me, I feel they will become a bridge to enable others to help solve local problems. My posted chart looks like a mess as stated by a mind that draws such conclutions. It will always be a mess to such a person. the concept of helping solve local problems is also beyond such a persons reach. This person can only be an example of what NOT to emulate. If a person thinks he can see a and he can see b; then perhaps he can see what the power is of their combination. There are few (56) pieces. Their proper combination always lets you HAVE "knowing that you know" at all times (events). 10 hours until the open. Good fortune.
Jack,lets play the Elephants here: http://www.elitetrader.com/vb/showthread.php?s=&postid=3842368#post3842368 I`ll plan to solve lockal problems by opening the vegans restaurant chain.You can always have a sit there anytime and gnaw a carrot.
Jack,11 elements ,so i can make even more then the market`s offer.People should stop eating animals,you know.The estimate is approx $1.5mln per each built unit - peanuts for the market.
Thanks for posting your chart, Jack. In trying to understand your thinking process, I copied all your annotations to my charts. All bars in my chart have been automatically degapped. I put boxes on my prices as you suggested. I encountered a few issues during this process. Please have a look at few "pink dashed arrows" in my chart. It'd be great if you could comment on those arrows. Thanks very much.
11 price elements plus 11 vol.elements is equal to 22.What are the other 34? btw,did you know that thier proper combination could be infinite?