______________________________ I didn't decide anything but asked and posted the question twice because I couldn' find the answer in the charts. I'm really trying to paint the flags green and get the fundamentals down cold
YM bars: 1050 [close of] price moved in dominant direction on increased volume = continuation 1054 [close of] price moved in dominant direction on increased volume = continuation 1100 [close of] price moved in dominant direction on increased volume = continuation ( the fact that it also moved up failing to BO SYM upper boundary creating an outside bar and IBGS, thereby signaling to go short, reaffirms continuation of the down movement) 1104 [close of] is IBGS signalling change 1110 [close of] price moved in dominant direction on decreased volume = change Reverse at the close of 1110 [close of] ES bar if not already reversed at the close of 1105 [close of] ES IBGS bar.
Gucci: Welcome to the journey. I know how you feel: You want to get up to speed with everybody, and yet you are missing some of the fundamentals. It is like trying to understand grade 2 mathematics when you are barely half way through grade 1. Well, there is no easy way out. All the questions you are asking has been discussed and dissected before. The best approach is to read the journal from page one. The only short cut I would do is to read Spyder's post only, and skip everybody's in your first round of reading. Spyder always make quotes when he replies a question, so you won't be missing out too much. p.s. If you think you are frustrated now, think how we felt then -- time was in forever slow motion.
I think you might be referring to my description of the YM 11:04 bar - which probably would read better as: Increasing red which then retraced inside the previous bar and formed an IBGS. BTW, nice commentary on the YM 11:00 bar! (I'd post a chart, but with my current computer setups, it's too much of a pain to do so...) -Au