I have a question about today's chart and would greatly appreciate anyone's help in arriving at the answer. I cannot see which bar which completes the sequence for a traverse trader prior to Spyder's LONG trade. The 14:05 bar is a "possible" PkV bar and as well is the lead bar in a Pennant BO-FBO triplet, but these are meaningless at the traverse level unless there is a sequence completion (the YM does show sequence completion at this point in time but that is not of consequence to a traverse trader). This presumes that the close of the 14:00 bar on the lower border of the LM is not kosher for being the first bar of the required "2 bars of increasing volume" for sequence confirmation outside a lateral. As well I can see that there has been a RTL BO on unimpressive, although increasing black volume. This may be another instance of the 'bar with no name' I alluded to some time ago http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=1356, but I don't know. lj
Look at Spyder's gaussians: 14:20 b2b pt 1 14:25 dom long 14:30 dom 14:35 non dom 14:40 non dom 14:45 dom pt2 14:50 non dom 14:55 non dom 15:00 dom 15:05 dom 15:10 dom (pt 3) So despite 14:35 and 14:40 being non dom, it was apparently not a pt2 to pt3 move. Either that gaussian is not at "traverse level" or we can have a dom/non-dom/dom sequence between p1 and pt2! I had exactly the same gaussians but mistakenly thought 14:30 was pt2 and 14:45 pt3. I have yet to figure out why that is incorrect. http://www.elitetrader.com/vb/attachment.php?s=&postid=2126040