Iterative Refinement

Can anybody confirm if the 15:25 bar had increasing or decreasing volume. My data had it as decreasing.

15:20 - 64485
15:25 - 64202

Thanks

 

15:25 decr (both ZF and IQ)

 

Then isn't the 15:25 bar a traverse level SOC (dec vol....dec volatility?)....

 

It shouldn't have appeared that the market had completed its sequences. In other words, the market had clearly indicated that it had not done so - prior to the arrival of 4:00 PM. The market itself had indicated that it had only travelled between Points One and Two by time the 15:50 bar closed. From here forward, the market again indicated its intentions - movement from Point Two to Point Three. One need look no further than the lessons discussed in January 2007 in order to understand how the market spoke and why.

The market always signals its intentions (in advance) - on each and every fractal, in each and every market, during each and every day.

Wise choice.

Correct.

Not exactly correct, but 'close enough' for government work.

Nope.

Nope.

Nope.

Nope.

You (along with a significant number of others) have done exactly that - missed a critical component of monitoring. Anyone who believed (incorrectly) that the market had provided a completed sequence and a signal for change last night at end of day, failed to see that which the market actually provided.

Understand, the market spoke loud and clear before a single bar opened for today. One need not have waited for the opening bell in order to know the correct answer to last night's drill. Having said that, anyone reading along has a binary choice to make.

My repeated advice (to many, many people) to review the monitoring phase of the M-A-D-A process holds value, or it doesn't. The market provides signals in advance, or it doesn't. The Price - Volume Relationship works in every market, on every time frame - provided sufficient liquidity exists, or it doesn't.

Choose to 'see' things, or choose not to.

HTH.

(All times Eastern and [close of] ES Bars)

- Spydertrader

 

I have annotated a Lateral beginning with 1505 bar. As such 1520 represents lateral BO and therefore the sequence was not completed, hence no permission to seek change.

 

Trade Navigator shows increasing Volume on 15:25.

15:20 - 64197
15:25 - 64576

(All times Eastern and [close of] ES Bars)

- Spydertrader

 

well that would make a whole lot more sense to me....thanks

 

If I could clarify - by Points One and Two, I presume you are referring to a channel.

 

... my 1520 shows (slightly) decreasing volume ... I annotated it as a pt 2 of the dominant move after your lateral ... starting a pt2 to pt3 (lateral)

 

Well, IMO whether or not that bar is decreasing or increasing may be irrelevant - the previous bar was a PA.