Chart for the morning. Did most things right but got a little confused after 11:25 when things slowed down. regards, Ivo
Day three of monitoring and annotating. If possible, I would very much appreciate any comments regarding the attached chart. I still have probs determining what is and isn't an FTT. Flaws are a different matter all together. Lastly, the Gaussians also present ongoing probs. They make sense to me, but I am sure they are not correct. Not the least b/c QT keeps wiping them out and I have to reinsert them. Consequently, most of them do not have the benefit of realtime annotation.
You might want to review some Gaussian Discussions as it appears as if you may have not committed these discussions to memory in your zeal to play 'catch up' with the Journal. In an up channel, Increasing black Volume moves price higher and decreasing red Volume moves Price lower. In a downtrend, increasing red Volume moves price lower and decreasing black Volume moves Price higher. Within this context, draw your Gaussian lines by matching them to a channel. From low to high Price in an Up Channel, we expect to see Increasing black Volume, and from High Price to Low Price (again within the up channel) we expect to see Decreasing red. Again, but this time in a down channel. From High to Low Price (in a down channel), we expect to see Increasing red Volume. In addition, we expect to see Decreasing black Volume as Price retraces higher. Draw your Gaussians to match according to how Price Moves within the Up or DOwn Channels (without looking at the Volume Bar Color). Once you can understand that gaussian Volume formations refer to how Price moves across a channel, and not always Bar to bar, you'll see the light bulb 'click' to the on position. - Spydertrader