That I don't know. I try not to predict which BO will succeed etc. I try to get clues from the price action but I am not good at this yet. Sometimes I get a feeling the BO will fail and often does, but I still haven't been able to put a finger as to exactly what makes me to expect the FBO.
As I said I also don't know and used the "antiicpate" word in lieu of the "predict" word, because like you I have learned to let PRV and more recently, what Jack calls money velocity to aid me in making a decision. I think I have the money velocity = pace = rate of change of price thingy correct but as with several other matters, I don't have it assimilated into my brain in the most comfortable spot as yet. Thanks for the discussion tonight. It was very helpful to me. lj
You may find the second post on this page to be of utility. http://www.elitetrader.com/vb/showthread.php?s=&postid=1674526&highlight=jokari+window#post1674526. Jokari compliant and noncompliant P/V movements are discussed using Boolean logic. lj
Looks like I missed an HVS on the Daily ES chart. I could see the lateral movement, but did not recognize it till now.
Thanks TIKI, Spyder, lj, and ehorn. I guess I'm just another trader trying to fit the method into my own mindset, instead of just following the method.
I say - who cares! If one is concerned about change or continuation, one is not concerned about probabilities of success or failure. That is an 'edger's' way of thinking. We 'anticipate' what must come next in a sequence, not 'predict' the outcome of it. This is a shift in mentality, one that comes with 'doing the work'.
Hence the use of the word "anticipate" in the statement which you decided to quote. In the 10:17 post, I further elaborated on what I meant by "anticipate". If you wish to ascribe other meanings to what I said in these posts, then so be it. Your idea of 'doing the work' and my idea of the same task may not be the same but I can live with that. lj
A stupid question for QCharts users... I'm beginning to start looking at futures. I was wondering was "services" you have enabled in your "account management" to be able to trade using the methodology descriebed in Spydertraders futures journal. TIA.