Your chart represents the correct approach. However, you reached incorrect conclusions due to improper analysis. - Spydertrader
Romanus, I'm not having any more success than you at annotating today's chart. Here's my chart for the first hour and a half or so, with notes detailing my confusion...
What does the jokari Window say about the bar, above which, you have annotated a Green FTT? - Spydertrader
Thank you for the reply, and for your ongoing efforts to educate. One way to interpret it is that it moved up on IBV (higher high, higher low, higher close). From this viewpoint, the Jokari Window says continuation up. However, the bar closed in Lateral Movement. The Jokari Window says nothing explicit about Lateral Movement, but I've learned that an IBGS here on IBV could be interpreted as IRV for purposes of analysis using Jokari. Furthermore, I believe it is correct to use similar analysis when interpreting Spike Bars through the Jokari lens. In other words, a Spike Bar on IBV, with a close above the open, can still be viewed as having IRV for Jokari analysis since the latter part of the bar was moving down on increasing Volume. From your hint, I am now thinking that the bar with the green "FTT?" label can be analyzed similarly to an IBGS or a Spike Bar in terms of the Jokari Window. If this is true, then we have IRV (2 ticks worth :eek: ) late in the bar. The Jokari Window says that decreasing Price on increasing Volume indicates continuation down. If my analysis here is correct, then it explains a few of your previous FTTs that have stumped me in the past.
Damn right it does! 1010 eob Jokari Window change. Change to what? New pt3 - 1015 eob. Confirmed by increasing volume 1020 eob. Next bar 1025 eob - marked with your green FTT - continuation according to Jokari Window. Therefore the traverse goes on until 1105 eob OB IBGS ends it according to Jokari Window. "Lateral movement my a#%" - I am referring to my previous view of 1025 eob bar. Depending on whether or not the above is correct, I need either new set of brains or a new set of eyes.
Hello innersky, As we know, both Peak Volume and Pace Acceleration are characterized by 3 consecutive bars with an acceleration of the Gaussian Slope. I like your hypothesis; I was thinking something similar after Tums' comments about the "Range Volume relationship": ... Someone can work out the Range Volume relationship. http://www.elitetrader.com/vb/showthread.php?s=&postid=2012530#post2012530 and I am trying to get people to think from all angles... What about the range? Should it be in the calculation? http://www.elitetrader.com/vb/showthread.php?s=&postid=2012611#post2012611 Based on a recent hint by Spydertrader, I came up with another possibility. After another accleration of Pace (perhaps, by now, those Pace lines across the Volume Pane hold a bit more meaning than before) http://www.elitetrader.com/vb/showthread.php?s=&postid=2017732#post2017732 I currently hypothesize that to qualify as a Pace Acceleration, Volume must increase substantially over previous levels, moving up at least one Pace level, if not two, above other recent bars. I've noticed that some of Spydertrader's examples of Pace Acceleration show this jump up to the next Pace level (or further) when compared to all other bars within the same Traverse. I've also noticed that some of Spydertrader's examples of Peak Volume show a smaller difference relative to other bars in the same Traverse, and sometimes the Peak Volume bar is actually smaller than at least one other bar in the Traverse. I haven't seen near enough examples to verify my hypothesis, but this is where I'm currently focused.
This post here from Mr_Black http://www.elitetrader.com/vb/attachment.php?s=&postid=2018487 Reminds me of this great post from PointOne http://www.elitetrader.com/vb/attachment.php?s=&postid=1872322 http://www.elitetrader.com/vb/showt...72322&highlight=fractal+point+one#post1872322