Ouch!!! That really hurt I will sleep on it and dig deeper... (it is getting late and my critical thinking skills are showing some wear) Thanks for pointing me in the direction.
Is it that after the 14:45 signal for change, price entered the lateral to be - on increasing red volume. As the lateral continued to form it did so with decreasing black volume. Followed by 15:20 bar exiting on increased red volume ? Edit:Reply to answer directed to another person
Romanus you think you could find any examples from past charts of the last three situations(i.e. increasing volume appears to confirm pt 3 but comes from 1. RTL Break 2. Formation BO/FBO 3. Spike Bar Much obliged.
Is this correct to apply to futures? This is from equities journal. Bottom of post. Just tossing this out there. Don't think this is right track here. gorene Registered: Oct 2006 Posts: 3 01-03-07 11:35 PM Most of you probably know this but for those that don't: 3 x DU= FRV 2 x FRV= Peak
On my attached chart for today. the pink circled bars look like great examples of tape level changes, thus not annotated as FTTs on the traverse level. They both seem to follow the decreased volatility on increased volume signal for change. The question(s) I have here is because of the first pink circle, would we automatically not expect a BO of the first blue traverse due to the fact that this was a tape level change and not a traverse level signal. Although the traverse didn't fan out in this case, could we say that eventhoguh we eliminated the possibility of a BO, the possibility of the blue traverse ending up being fanned could be expected. I know its been talked about back about two weeks ago but I'm trying to apply it to different scenarios here.
Both. I moved the first blue FTT annotation to the appropriate place and added two missing FTT's, for the dominant blue traverse in the green channel, and for the non-dom black traverse in the same green up channel, both in boxes with red background. I can't figure out, however, the FTT for the pink down traverse/fanned outward black - dominant in the red down channel.
The bar to which you refer is not a signal for change on the Traverse Level. If it were, 15:25 would signal you long. The market tells you such a thing cannot be correct. Equities teaches you to 'see' the market - on a much slower fractal - by 'getting eyes on a chart.' The application of the P-V Realtionship onto Equities takes place via several iterations (Beginner, Intermediate and Expert) in order to show how the learning process takes place. As a result, I don't recommend translating general guidelines from Equities into specificformula[/b] for Futures. Besides, no need to overcomplicate the Peak Volume definition. It's simply an acceleration of the Gaussian slope. Again, simply look at a chart. 12:20 and 14:00 represent Peak Volume. 14:40 doesn't. - Spydertrader