Here's what I mean: A Failure to Traverse represents a signal for change at a specific point in time. In other words, while Price fails to reach the LTL, this isn't the only requirement for an FTT. It also needs a signal for change.
See how trends move in your sample ..... note that Change signal is late signal The last signal that something is cooking
Exercise for the brain. Find the redundance... Part 1. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2055723>
Hi, dkm, I just wanted to chew through laterals. Sorry if I sidelined you. That was most definitely not my intention. By the way I really appreciate your contributions to the thread. I just also wanted to contribute... PS: I guess, I have to abstain from it.. Sorry. Nr 7
Here's another something to chew on : http://www.elitetrader.com/vb/showthread.php?s=&postid=1649278#post1649278