Allow me to translate. "So, if I didn't bother following the rules, which tell me to wait until market sync, why did things not materialize as I anticipated?" 1. Forest, Trees, Limbs and such represent ways to learn the methods. MADA represents how one learns to trade the methods learned. In other words, one needs to apply what one knows. 2. You show the characteristics of a beginning trader. Therefore, you might find benefit in the following advice ... HTH - Spydertrader
Well, I am doing just fine confusing myself without any help from outside Spent last few hours trying to figure out what would give me permission to look at YM during bar 8 ES. Going to go for a walk to relieve temporary insanity
Because the ES Bar 8 said, "Yo! Romanus!, You need more information, so go get some!" Why did the ES bar 8 say such a thing? Because Price went lower on increasing Volume but closed back inside the previous bar. Where does one first look when a decision requires additional information? The YM. - Spydertrader
While catching up on my reading, I was looking at romanus' three bar jpeg, it looks like the three examples have in common: what looks like a flaw followed by an FTT on the next bar Each represents change: one Up, one Down, one Lateral. What was the original concern?
Everyone remains free to choose whatever path they feel suits them best. Ignoring good advice also remains a path anyone can choose as well. - Spydertrader
You're correct I would count the 5/12 bar as decreasing black. The bar obviously stayed along the path of decreasing black and eventually changed over to red at some point during the day. I was once told to look for the higher highs, higher lows, lower lows and lower highs to decide the color of a bar. Byu this method the 5/12 bar is a decreasing BLACK bar because it made a higher low and higher high than the previous bar. Thus the sequence is more decreasing black(look for change) Todays bar reads decreasing. I feel the stock has begun to move into a lateral and an FTT will show itself soon. Decreasing red to Increasing red to the Blue Channel RTL would be a good sign trade at this point if volume proves to follow this path.
... and closed inside yesterday's bar. WMCN? Looking for Pt3 down ... about here. Price is struggling up ... It arrived at a long term RTL up on decreasing non-dominant volume. WMnCN? Increasing black volume and price moving higher would mean up trend resumption.