Better stick to the ES 5 min bars, and look to the ES 1 min bars for intra-bar activity during debriefing. Also, don't forget that you can have an FT3. It shows increased volume, and it is an FTT too. Sometimes the change happens slowly and it spans over several 5 minute bars, other times it's very quick and it happens inside one single bar, so if you want to see how it develops you have to look with a magnifier (I mean at a finer resolution), e.g. 1 minute or finer. Eventually you'll be able to see it spanning nicely on several bars.
ES M8 Daily Chart May / 9 / 2008 ES Daily bar made a LL and a LH today on decreased volume. The close of the daily bar was 63% of the days range
I am able to see that. I am able to see that, either. It is quite clear to me now that Jokari window is not intended to be applied at the ends of arbitrarily chosen time frames. There is no doubt that my current interpretation of Jokari Window is incorrect. Making the judgement whether or not the Volume is Up or Down and compared to what and on what time frame remains an elusive skill for me. I apologize for a long winded post. I was hoping to clarify the specifics of how others may be able apply Jokari Window correctly. The logic applied to determine 1545 bar as a change is clear to me. In fact all the concepts (price and volume behaviour in channels, FTTâs, formations, YM permissons, sequences, just to mention a few) on which methodology rests appear to me to be bound by an ironclad logic. Again, apologies for long posts and cluttering the screen, just really wanted to hammer out the correct way to apply the Jokari Window. Thank you, Spydertrader for taking your time to respond. Your guidance is really appreciated.
Again, no need for apologies. You attempted to work through the logic in the best way you knew how. I want you to see that by following that path, you reached several dead ends. As such, I want you to see it best to change paths. In other words, your current mental 'filter' has skewed your perceptions preventing you from 'seeing' the entire picture. You have parts of the picture, just not all. Instead, start with what you do know. When an error is made, note the time / bar number. Then later, review the area in question in an effort to see what subtle differences exist. While you may see the 15:45 (close of) Bar as change, have you articulated why you see it as change - even though it appears to violate the Jokari Window? What is it about that specific bar which informs your brain to 'see' change? What about the 15:15 (close of) bar? 15:55 (close of) Bar? What common theme exists between these seemingly completely different Price bars? - Spydertrader
The above quoted text summarizes the essence of The Price - Volume Relationship. What other 'facts' do we know about this methodology? - Spydertrader
Decreasing red volume in down trend means lateral movement. Today's SPY bar shows an IBGS up. ESM8's RTH shows the same. These seem to indicate a Pt2 in a down channel. WMCN? PT3, then increasing red volume. WMnCN? Increasing black volume, and price moving up.
My view of the day (ES) attached Channels contain price and containers overlap. Containers are within containers and provide dynamic S/R in ST, IT, and LT.
Besides all three ending in ... 5 (0 on my chart) ? , and all three closing bellow their openings? All three show various signals of change.