If by down channel you mean dom down traverse>>non-dom up traverse>>dom down traverse, than the answer is: it doesn't matter whether RTL is broken on decr or incr volume. Your sequences for second dom traverse is completed and we are done moving down. If the sequence for 2nd second dom traverse is not completed - you don't have the channel yet formed and you have to fan regardless whether RTL is broken on decr or incr volume. However if you meant traverse when you said channel then the answer would depend on whether or not it's a ff traverse of 5 min es level. Post a chart.
That is me. I am still 2 years behind you guys in terms of evolution. It is hard for me to participate meaningfully in IR now. MB put up that 2 charts to show me how P and V independent variables are connected by Time variable. So far, the connection is still not obvious to my eyes. Otherwise, I think MB is also trying to show me in one picture how volume gaussians are played out in pice channel/traveses. Thanks, MB. Anymore?
Thanks SKO and using my powerful deductive capabilities, I'll venture that SCO is either a misprint or another of Mr. B.'s chums. lj
In other words, A channel RTL breach prior to sequence completion simply requires a slight 'fan' of the trend channel in order to accomodate the changing slope of the money velocity.
Awesome thread guys. I'm thinking about trading from 9:30am-12:00pm using the methods in this thread. I have work after 12:00pm, so those are the only hours I can currently trade. Going to use a demo till the end of this month then start off with 1 contract.
They key imo is to love it but not do it too much...(trigger happy). As few times as possible. regards, Ivo
You have to love the results (end of day) for the rest there should not be emotions. Tell yourself: "I am a trader and trading is simply what I do. When I see change, I simply have to act. Can't stop it" regards, Ivo