Spydertrader, I've reread it several times now and perhaps due fo the fact that english isn't my native language I still can not understand it. Can you just help me by answering my question??? TIA
Three ways exist. My post (which you quoted) does not refer to this topic I have answered for you. 1. Your question (quoted here) refers to Points. 2. My commentary (which you quoted) refers to traverses - and not how traverses are formed (points one, two and three). You have confused two different topics HTH - Spydertrader
Now, note how our current down traverse has provided increasing red Volume (unlike this morning's faulure to provide increasing black Volume). Note also, this current traverse has widen significantly. What does such an event tell us? - Spydertrader
I thought that the movement from point 2 to point 3 IS a nondominant traverse??? What exactly do I confuse??? What do you mean by the two ways in the recent post? Thank you.
A Traverse (as I have stated earlier today) represents a 'small channel' or as we used to say, Tree level. A traverse is formed by 'tapes' which contain price as it moves between the points. A traverse has a Point One, Point Two and a Point Three. A traverse may form in both the dominant and non-dominant direction of the channel. In this example, the word Traverse is a noun (person, place or thing). The verb (action) traverse means for Price 'to move' in a direction. By example, Price Traverses a channel (means Price moves across a chanel). Price created a non-dominant Traverse (means Price created a smaller channel inside the larger channel which moved in the opposite direction of the current channel [or trend]). Perhaps, you have confused the noun and the verb. Again, all of these descriptions exist in the bundlemaker channel video and represents nothing new. - Spydertrader
By current traverse do you mean this one (pt1=1240 close of, pt2=1310 close of, pt3=1400 close of)? Not sure which event is referred to: 1.increasing red Volume (unlike this morning's faulure to provide increasing black Volume) 2. this current traverse has widen significantly. or both?
No. Point Three = 14:45 [close of] ES Bar. http://www.elitetrader.com/vb/showthread.php?s=&postid=1945124#post1945124