YMU7- ROLLED OVER TODAY. This ol' Jersey Boy going to head down Jersey Shore and soak up a lotta sun ! have a great weekend everyone!
I have been reading various discussions between Spyder and some members of this forum on Flaws. Here is my effort in defining them in Spyder's words. When you believe you have an FTT forming in real time, only later to realize, you really didn't have an FTT, you have encountered what Jack calls a flaw. Hitch, Dip, Stall, HVS, CCC all represent different types of flaws - each having various characteristics. A trader can quickly determine, by using PRV volume levels, if one has actually encountered an FTT, or a flaw. Flaws- : Almost all flaws have this real low volume (in opposite color) in between two nice volume bars. Flaws only exist is dominant traverses. IF you decide you have a flaw, you can expect NEXT bar to have BIG volume in OPPOSITE direction, which means, if you wait to act, you'll be run over, hence why one should take appropriate and TIMELY action. (12:54 PM) Spydertrader: Hitches - small volatility LOW volume between nice trending bars, often come in 3's meaning trend hitch, trend hitch, trend end effects (FTT or lateral congestion (CCC) Dip - IF you see flip flopping red black decreasing volume, what looks like a soup bowl in an up trend and an upside down soup bowl in a down trend, it's a DIP. A DIP could be longer than ONE bar. A Dip could be One bar, could be 2, could be three, could be 4 even 4 bars... ! Stall - stall is the temporary slowing of price moment...so it is a one bar only event. " One should focus on 2 things during the day: 1. Check to see if you THINK you have an FTT, whether or not, you have already seen a flaw OR a Volatility Expansion. If not either, chances are it isn't an FTT but a flaw. Review your own charts to see how many traverses have an FTT without either a flaw or a VE, you'll see, a very few. 2. Learn the differences between odd (both Square and triangular Wave) and Even harmonic, together, these two pieces of information can produce very powerful results." Good trading to all
Saw Tooth Wave Forms have both even and Odd Harmonics and does not provide the best example for 'seeing' the Harmonic effects within the market. - Spydertrader