When this seem to happen, that's probably an "invented" channel. Volume validates or invalidates the channels we are drawing. EDIT: In your example (need context to understand it) maybe the new channel starts at your pt3, that is an FTT. Please notice the raising red volume before it, then dropping black.
As the journals will show I am reticent to dispense advice, for good reason; others are far more qualified than I to attempt this. With that said, in my opinion, you need to focus on Gaussians to have them better reflect to price action inside the channel to better assist you in "seeing" the market. guava
Just an example of a tape break that did not materialise. Good moment to short. However, afternoon is coming up and the question is if we can make enough volume to continue to go down. If not, change will come soon. Ivo
Beautiful! BO of FBP followed by Ibar G-shift at #3 bar, then BO of a 3-bar mini-channel. #3 bar also shows decreasing P (LH/LL) and increasing V which is Jokari Window compatible but because pace (dP/dt) did fall (bar range is less than prior bar) with increasing volume, can this pace shift be used to alert one to anticipate change? The retrospectroscope is a powerful and, of course, extremely accurate instrument and so I well may be reading more in to this than what is there. If so I am sure you will alert me to this over-zealous and incorrect application of perceived understanding. lj
I was wondering what the equities people thinks of XING. According to my chart, if we see increasing red volume the next couple of days, we have a RTL BO. If we see increasing black volume, we have a FBO. Right now I'm in a long position, awaiting what the markets tells me tomorrow. After all, the market is always right, and all one can do is act accordingly as have been mentined several times already
Re. Drill: Taking for example the first 4 bars from today. Enter short at bar 2 and hold until bar 4 close to exit? Thanks <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1753117">