The methodology is applicable to any liquid market on any time frame. The market always provides signals. That's its job. As traders, our job is to interpret the market's signals and act accordingly. A key feature of this methodology is that experts always know what's happening at any given moment.
Other than the fact that all three of them had change of sentiment intra-bar, I need more time to figure this out
Very few will have the drive and persistence required to climb this mountain. Those few that do, will be fully equipped with a methodology which is not only scalable and transferable but will make its operator stinking RICH! I have work to do now.
Thanks. I guess for such a prize the answer can't be obvious ... So I'm thinking more on the lines of looking for signs of dominant move exhaustion inside the channel. This reminded me of a post of yours from almost a year ago:
Thanks for pointing that out, Padawan. I'll have to try to reconcile what I thought I understood with Spyder's post that you linked. - Talas
Not even 8am Pacific, and I'm already confused... Was the 10:35 (Eastern) ES bar, by chance, a pt3, FTT, and BO all rolled into one?
Chart posted with questionable area highlighted. The Aqua channel represents what I was expecting. Looks like 10:20 EST (bar close) was a pt3 up. The pt1 occurred at midday yesterday. Edit: Looking at the YM, 10:20 did not represent a lower low from yesterday afternoon as it did on the ES. I noted this but disregarded it; the Lime Green channel would have been much clearer to me if I'd paid more attention.