This is snips taken from those times for the IBGS bars mentioned on my chart. *Bar 20 - 21 and bar 34 - 35 both have price close inside of first bar. *Bar 55 - 56 closes outside of first bar. *Bar 20 closes outside of a lateral movement, only to begin a new one. *Bar 34 begins a lateral movement. *Bar Bar 55 closes within lateral movement and is followed by two bars that close outside of lateral movement, but on less volume. The only significant difference on bar 55 is that it FTT's the traverse after a point 3 on the large traverse on my chart. Bars 20 and 34 fall into lateral movement that I have annotated as point 2 to 3 of large morning up traverse. Still working on this. EDIT: responding to a question directed towards another person.
There you go. The slope needs to accelerate. Now, all that remains is to differentiate between actual Peak Volume from a 'Step Up' in pace (Pace Acceleration). In addition, the appearance of Peak Volume, just like any other signal for change, requires correct timing. Remember the fractal on which you trade. - Spydertrader
Not wishing to quibble but it is an acceleration albeit small and definitely not perceptible to the eye (at least to my eye). However one would be looking at the volume printouts, EOB. That said it would appear that I'll be joining the rest of you in a rectifiable state of ignorance vis à vis the true meaning of peak volume. lj
Aha. A clue with the implication being that the aforementioned 'also' is not referring to the fact that the two other traverse change signals require 3 bars - not surprisingly. Regrettably I cannot supply conditions for the "aha" moment. lj
Thank you for clarification. You even typed Slope with the capital 'S' in the original definition, for those with comprehension problems. P.S. Seems awfully similar to my "head-banging" adventure with Jokari Window - Looking at the answer right in front of my eyes, starring at me and not seeing it. How about that. I wonder if the rest of stuff I don't get can be approached in similar fashion.
We work with a binary system though - it either "is" or it "isn't". My wife didn't look pregnant 5 months ago - but she does now. Was she pregnant then or not? (I'm so glad she doesn't read these forums....) -Au
the 11:10 and 14:05 case were similar to me, the 12:20 case was not. This is what I interpreted. Price movement in all three cases showed a pace increase after pt3 and the BO of intial laterals, on increasing volume. Only cases 11:10 and 14:05 subsequently confirmed thier respective PT3's on further increasing volume. 12:20 did not confirm. Both 11:10 and 14:05 cases ended the pace increase on Peak Volume change signal 10:10 and 13:35 respectively and moved into lateral movement. I thought price would then move back to each respective rtl. Both cases created a PT3 down traverse that was not confirmed by additional volume and both made it back to their respective rtl. Neither case provided a clear Traverse level signal of change to get back Long. Thanks, Phineas Edit: I now realize that I've misidentified Peak Volume in at least the 14:05 case. The 11:10 case appears to have had a peak volume signal for change at 10:05.
In review of this chart, wanted to confirm the action points to make sure Im on the right track... 1] Short at 13:05pm - Not sure I understand this one. Seems like the signal would be two bars later (pink highlight) for a pennant FBO 2] Long at 14:15pm - This also seems a bit early. Seems to be lower low on incr. red which is expected. Not sure if the ftt is the signal here, could use a little help 3] Short at 15:15pm - This seems very clear to me to be a pennant FBO. Also happens to be an FTT of blue channel Any input is greatly appreciated..