The bar to which you refer experienced an intra-bar Gaussian Shift. In our current toolset, we can use the YM to detect this (See YM 10:20 - 10:24 time frame). Later, STR / SQU and the DOM provide the signals. - Spydertrader Yes, you most definitely should follow the June Contract now. - Spydertrader
Ivo. I would say your first green channel is not correct. You've used 2 bars which is a tape. There is a point 1.2.3 carry over (see attached) from Friday which is first red channel on my chart. This gives us the Bo down move. Vol then shows us the carry through to what becomes the low and an FTT. Incre vol then guides us to the move up. An FTT of that up channel (grey on my chart) keeps us short with the lateral giving us a point 3 of down (2nd red channel). Forest Vol is decreasing and an FTT of the 2nd down channel gives us the point 3 for the Yellow channle. Forest B2 B shows us this last move on chart is a NOn Dom travers of Yellow. Hope this is of help.. FilterTip
Nice to see the time you spent reviewing has helped you. Very nice chart. Keep up the great work. - Spydertrader
From High you subtract Low and use it instead of Volume...is not so accurate but is more than nothing ...my logic behind this is that you are going to have greater values in direction of price movement...
Thx filter. I see I am "inventing" carryover channels. That green channel is not okay, your red channel is better. I did see today's opening as a Breakout from an up channel of last Friday. That worked out just like your solution. BTW you did not draw the vol expansion lines for the red channel. regards, Ivo <IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=1393186">