This is a case of, to quote a higher power, "... you can call it a duck (or an albatross or whatever), it is what it is. So I'm going to call it a duck. 9:30-10:20 the upduck is completed, P1 and P2 are in place 10:20- this bar is the forming bar of an LM - a lateral duck begins 12:20 - we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck. 13:30 - we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck. 14:25 - we fail to BO on 2 bars of up V from the lateral duck. Since this is an inside bar, 14:20 becomes the forming bar of a new LM but we're still in a lateral duck. 14:35 -we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck. 15:40 - we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck. 15:55 - we end RTH and are still in a lateral duck. Without getting into details, I end the day with the end of RTH at 16:00 ET. So, IMO, we end the day still in a lateral duck aka a 2-3 lateral traverse. A traverse trader would have entered long at 9:30 -9:40 and stayed long all day till exiting near EOD perhaps with that "scary" looking OB at 15:50. Not too shabby with $1700/car and that's what it's all about. lj The chart is incomplete with no Gaussians or 'fine structure" as I was running about getting prep'd for some down time and did not annotate in real time.
Come on guys. Look through the entire day. Can you find one increasing red Volume Bar which isn't the result of a Formation BO? And when you do find them, what do they tell you? - Spydrtrader
Looks to me like all Jokari Window/Peak Volume/ any other Traverse Level change signals resulted in lateral movement?
Do you really think signals for change simply appear out of nowhere randomly making themselves known? Do you really think that a 'signal for change' results in lateral movement with no way to return to the dominant trend on the same trading fractal? You have failed to note something of significant importance. Perhaps. Perhaps, not. Why not list out the instances where you notice the above take place and check to see what evidence exists to support or invalidate your hypothesis. HTH. - Spydertrader
It feels like there's some order, but I can't see it yet. Probably because I miss seeing another signal. I'll keep looking for that elusive 'something' At least I got the directions. Thank you.
Message received. Correction made. There were 2 bars of increasing volume they happened to be RED not black (Doh!!) and hence your FTT, etc. Thank you Spyder. I can now return to the garden and deal with our friend. lj
Lest there be any confusion as to the identity of the higher power, which for me goes without saying in this thread, it is, of course, Spyder. In the vacuous chasm I call my brain, that snippet of trading wisdom was reasonably well-preserved. However, I couldn't remember which critter he referred to so I picked a duck. Another benevolent spirit enlightened me as to the error of my ways and so with thanks, the above clarification is added. The island is called Valdes Island. Google-map it if you wish. We'll be out on Cardale Point. See you all in a few days. lj
http://www.elitetrader.com/vb/showthread.php?s=&postid=1325409#post1325409 On that note I wish everybody a great weekend.