If price is moving from pt2 to pt3 we expect anything but the increased black Edit: I posted before I saw Spydertrader's answer to dkm
15:45? I see decreasing black like you would expect after BO and before a point 3 down. Sure, I see change but as I hold point 1->2 and wait for point 3 there was no reason to exit.... YM showed decreasing volume all the time while going up since the IBGS. When the ES 15:45 was taken out on increasing black that was the moment when (for me) a point 3 down was out of the picture. So you were not waiting for a point 3 down at all? Never? Exactly at what moment should it be clear that we are not waiting for a point 3 down anymore? Or why were we not waiting for a point 3 down at all? The action after a BO is hold or not? The sequence is 1-2-3 and then we start looking for an FTT... regards, Ivo
I admit: I missed this.... Incredible. The only time increasing black is not trend change are the three situations discussed and this is not one of them. Thank you. Okay, so had it been 5000 contracts less then you would have expected the point 3 down? regards, Ivo
Pennant BO, All good. Increasing Volume, All good. More increasing Volume, but decreased Volatility. Good, but also change. What does the YM say? Also says change. OK, so right here you either override the market signal and hold from Point Two to Point Three, or the trader reverses. One bar later on the ES, we see increasing black. Anybody holding short through increasing black isn't thinking clearly. 15:46 [close of] bar on the YM goes increasing black as Price breaks an RTL. Any of this unclear? - Spydertrader
5000 contracts less and the context changes. You tell me. What happens when context changes? - Spydertrader
It is clear. Sounds stupid but I simply missed the increasing black. It is stupid. I feel ashamed. regards, Ivo