Thats what I was mentioning about the gopher hole thing. I feel like every example will take me to an example where I disprove the original idea. I feel like for now its not been as simple as matching two situations and finding the differences and formulating an answer.
You may want to rethink that. Look at the f#^%ing date on the chat fragment I posted. We ourselves keep ourself in suspence.
Defintion of an FTT: Failure of Price to Traverse to the Left Trend Line. Now, please note how the defintion does not indicate which Left Trend Line (Tape, Traverse or Channel). Therefore, we can use the vocabulary word - FTT - for all circumstances where Price fails to reach a Left Trend Line. However, do you trade tapes? Now, change can materialize a number of different ways. Jokari Window, Pennant Break Out FBO, Peak Volume or Decreased Volatility on Increased Volume (to name a few). Three of these examples always occur on the Traverse Level, while One represents a 'Tape' Level signal for change. Which resolution level do you monitor? If you have a signal for change, which does not occur on your resolution level, then you cannot have an FTT of the Traverse. Therefore, you know the market plans to 'widen' the Traverse, and as such, you need to 'fan' out the RTL. Now, everyone watched the show Sesame Street, and played the game (sing along with me now) Three of things belong together. Three of these things are kinda' the same .... Well, figure out which three of the above fit (and why), and which one doesn't (and why), then go and apply the knowledge learned. - Spydertrader
I've been watching that video over and over again looking for clues, but no, and I'm really tired of looking at Kermit. So FWIW here's my current mental status: 1. The flaw thingy while possibly true ain't what we're talking about. 2. Jokari window is a tape (bar to bar) protocol and thus the other 3 must be the traverse events. 3. There is a tape FTT on bar 6 and there is a Jokari flag on bar 6 but I don't trade tapes so that isn't going to make me reverse. 4. The peak volume and volatility/volume disconnects are not assessed bar to bar. The volume/volatility disconnects I well understand but as I said earlier, I don't have a definition, as yet, as to what 'peak volume' is as it relates to futures. If bar 5 was a peak volume bar then it would indicate change. 5. What had me thinking a bit was whether you were referring to pennant BO-FBO intrabar. If you work that through, i.e., during the formation of bar 6 it was at some point a pennant which broke out (down) and then failed to maintain the BO then this would indicate no change. But this would be a 2 bar (tape) event and serve to contradict the JW flag which I'm not going to act on immediately anyway. So at the end of this portion of the exercise, I don't feel that I've acquired the answer to the quiz question but rather just a headache. It has been my experience though that in the context of what we have been doing, headaches are a good thing and so I'll keep thinking. lj Edit: P.S. Thank you for the hint Spyder.