Are you saying you wish to add YM leads the ES at Points of Change to the list of things you know? - Spydertrader
Go back and apply context to your samples and see how it filters the results. For instance separate bars in dominant price moves from non-dominant moves as a start. Then, in which part of the 1-2-3 sequence were they? I would think this refinement should shed some light. edit:in addition, of course, to all of the more recent discussions. By the way, as a Wyckoff student I find the PV principles of both mehtods very similar. Wyckoff's principle of Effort vs. Result had detailed Jack's Jokari window before he was born.
I'm late to the party so a lot has already been posted. Here's one more thing that I know about this methodology, at least as regards myself: The shortest path to success with this methodology does not involve simming or adding finer tools before one has mastered Monitoring using only ES and YM Price and Volume (including PRV).
Followed GIGM for a long time also from my days subscribing to Navellier. Stock is in severe dry up since the first of the year with only a couple of days when the stock volume on an up day exceeded the 65-day average. Most of the time it has been down but on light volume and, when up, volume is miniscule. Even last week with an analyst's recommendation and predicting 40 percent sales growth, the stock still languishes. Seems like everyone is waiting on the earnings report. I have attached my daily chart showing the dwindling daily volume. This probably meets JH criteria for VDU at least several times during the last few weeks. While I am posting, might as well cite Monday's Bruno stocks for for anyone itnerested which are BIDZ, JASO and MALL. Stocks in dry up in addition to GIGM are ACF, ANW, ASYS, CALM, CHNR, CXO, CZZ, DBTK, DRYS, EHTH, FMCN, GES, GRRF, GSOL, HOKU, IIG, MALL, MEE, MTEX, NCTY, NNI, OMTR, SEED, SIGM, SOLF, SPWR, STP, STV, TGIC, TRA, TSL, UA, UDRL, VDSI, VIP, XING, YGE.
The market is either in a mode of continuation of change. Recognizing the current mode allows a trader to closely follow the market and extract profits. Also, the Three Things that may follow an FTT: another FTT, a BO, or an FBO.
Spydertrader, Would you please follow up on this and explain what is the commn theme between the three bars? Thanks In case you don't have handy your chart, please use mine or romanus'.
All three signal change. However, all three signal change for a very specific reason. This they also have in common. Figure out the reason behind the signal, and you'll have the keys to success you need. - Spydertrader
What we know ... YM leads the ES at Points of Change Price volatility and direction is proportional to volume. Chanels Represent both Fractal and Dynamic areas of Support and Resistance The Sequences of Points One, Two and Three repeat throughout the trading fractal The market exists in a binary state of Continuation or Change Anything else? - Spydertrader