A quick review, in case anyone still has a desire to participate (or anyone wishes to change their answers ). 1. Non-dominance represents the default state until the market indicates dominance. 2. \/B2B or \/R2R represents Price Movement from Point One to Point Two. The next phase, R2\/B (or B2\/R - respectively) represents Point Two to Point Three Price Movement on the non-dominant side with a return to dominance indicating Price has arrived at Point Three and started to move into the channel. 3. Increasing Volume does not automatically indicate dominance (and we know several examples of such an event). 4. In the above posted exercise, I did not ask whether or not the specific Traverse represented a dominant or non-dominant vector, nor did I request to know the dominant direction with respect to Price. I only requested everyone label the individual bars as dominant or non-dominant (and of course why). 5. Still plenty of time to jump in should anyone have a last minute flash of motivation. Thanks to everyone who has chosen to participate thus far. I'm confident you'll find the exercise useful. - Spydertrader
As expected, monster Spydertrader plays havoc with my mind. My attempt to put it into psychological parlance: On a more serious note, thank you Spyder.
Today, should not have provided too many difficulties for you. The end of day (yesterday) ran down to create a down traverse, followed by the gap up this morning and Lateral (Non-dominant Traverse) created the opportunity for the morning's down traverse to complete a channel sequence. When change arrived on the 11:10 ES [close of] Bar, the market began a series of Traverses (dominant, non-dominant and dominant again) in an effort to complete an Up Channel sequence. The 13:30 ES [close of} Bar then signaled the start of another down Traverse. The market may not have enough time to complete a third channel sequence by end of day, but no matter, at least you'll know where to begin tomorrow - if time runs out today. - Spydertrader
This is what happens when the 'smart money' turns into 'scared money' - DOM level View. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2115576>
lol... Kinda, takin' my football and goin' home thing O.T. I have never seen so much RED on the NT T/S... Truly bloody!
When change arrived on the 11:10 ES [close of] Bar, the market began a series of Traverses (dominant, non-dominant and dominant again) in an effort to complete an Up Channel sequence.