Ivob, Got it. Regarding increasing red volume. I thought that each bar that you mentioned, was either an Fbo/bo of lateral movement. I've marked the three bars and included the lateral movement boundaries for each bar, on my attachment. Am I misinterpreting the condition where we have increasing volume in Non-Dominant direction? Phineas
My take is that the 14:45 bar on your chart is the point 3 up followed on the next bar with a peak volume change signal, an R2R transition and a new low ID low at 15:05. lj
Sorry. I completely fail to get this. If 14.45 is pt3 up then what is point 1 and point 2? Followed by a peak volume signal? In that case we can call any breakout on increasing volume peak volume and a signal for change right? If anything means continuation (of the new trend) then it is a breakout on increasing volume especially when there's no lateral anywhere near. regards, Ivo
I will leave it to 'some people' to clarify, but my limited experience tells me that I don't always see a pt3 up sequence completed after the sentiment change on/after FTT. In this case you have a 'legitimate' FTT after the flaw. Increasing black followed with RTL BO. Then, the sentiment changed and the 'dominos stopped falling' the way they suppose to.
Point 1 is at 11:55 (QT time) and point 2 is at 13:10 (QT time). The best definition I have to date for peak volume is an acceleration of the Gaussian slope manifest over 3 bars - the 14:40, :45 and :50 bars. For a traverse trader it can be applied only after a point 3 has been made. If this is not a peak volume signal then there is a JW signal using the 14:45, :50 and :55 bars. As an aside, the swing high at 13:40 (QT time) does not, IMO, provide a traverse trader with a change signal, nor could it. lj
Speaking of clear signals: here's few more for you: Pink FTT of Point Three down First blue FTT of the blue Point Three up
Funny you should post those - I've been staring at both of them for several days now. Think I will print them out and turn them upside down for a different perspective...