No. It does not happen all day long over and over. 1. You have chosen an example which at Extreme Volume levels has not yet brought you to the "At some point" moment in time. Note the difference between the previous bars and your PRV. Can you give me one example where at Extreme Volume you only had 250 contracts in the final 2 minutes? or final one minute? In your example PRV levels are too close to the previous bar actual levels to know at the 2 or three minute bars. Therefore, you have not reached the point in time where you Know you Know. 2. Extreme Volume levels do not happen every bar. I have only witnessed one such day in all my years of trading. 3. The following bar (after a presumed Volume Peak or even not on a presumed Peak) does not always have the same Pace level. Check almost any flaw bar. 4. I am not discussing Red or Black Because of the four explanations above, your assertion is not possible every bar, all day long. Even if it were possible to occur every bar all day long, you appear to be saying if you had 13999 actual contracts traded by minute 4, you have absolutely no idea using PRV whether or not you know you'd have increasing volume by minute five. such an assertion is ridiculous on its face value alone. Once again, your example shows you not yet arriving at the 'At some Point" moment in time where you DO ALWAYS KNOW. Your examples shows a moment in time (several in fact) before you have reached the stage of Knowing you Know. Each bar has a different moment where the trader reaches the "At Some Point" place where Volume cannot do anything else but where it is at that point. In other words, added Volume, even if it were to come in, would not change the outcome of increasing or decreasing compared to the previous bar. The converse is also true. "At Some Point", even if volume stopped arriving at its current rate, Volume could not end up decreasing with respect to the previous bar. This happens every bar, every day, at different points in time for each and every single five minute bar. After the "At Some Point" moment occurs, volume cannot, will not does not flip-flop between greater than and less than the previous bar's volume. The only time such a 'flip-flop' scenario is possible is when actual volume (previous bar) is so close (as in your example), as a percentage of the pace level (VDU, DU, Low, Medium, High, Extreme) that PRV cannot nail down increasing or decreasing until late in the bar. Even in this scenario, you still know before the close of the bar - just not real early in the bar. These are basic fundamental mathematical concepts. They repeat over and over again 81 times a day. If you still have difficulty grasping the concept then I encourage you to take a step back from the ledge and think about the problem differently. - Spydertrader
I don' t want to ruffel your feathers, but you are not in the cockpit from lesson one, you go through ground school first so that you can understand better what happens in the cockpit. Then you fly. I'm trying to understand this stuff too, and I know that it will take time and effort. And, because human nature is involved, it is not an exact science. I just trust that the guys who have traveled this road before will be able to give us the right directions to get to the destination. sscott
First you said it wasn't possible. NOw you claim it's an extreme situation. WHich is it? I am honestly open to do what you suggest. You have made this suggestion over and over. Not once have you suggests how to proceed doing so. I real teacher would do this, not just reiterate an instruction that frustrated a pupil.
As an instructor I'd kick myself. Because there are rules for exactly what you state. They are all based on Newtons laws of motion.
Allow me to Point out your problem ... Unless your training had you in the air before ground school, you just proved the guy's point. Meanwhile, you were too busy telling him how wrong he was to notice. I'm done. - Spydertrader
The concept of increasing/decreasing prv as an indication of continuation/change is fine until one gets an intra bar reversal. In those circumstances, is the best approach to move (temporarily) to a faster fractal or just make a mental allocation of red vs black volume within the bar?
Either works fine. Moving to the YM in an effort to 'see' the changes take place, or mentally 'splitting the bar in half' (so to speak) enables one to 'set' the changes more firmly in one's mind. - Spydertrader
This is utter hogwash. We're talking during the first lesson. I was in the air the first lesson. Once again you have ignored or twisted my words and questions. You have again just ignored stuff over and over and over. I suppose when I post a video of PRV showing exactly what we ALL experience everyday you'll find a way to weasel out of that too.
First, I sincerely apologize for letting emotions get in the way of my progress and everyone elses. In my quest for understanding and truth, I have let nastiness get in the way. Believe it or not, I am profoundly sorry. Perhaps the whole thing is a matter of communication misunderstanding. In light of that, please accept below for what it is, a means to my enlightenment. I am not posting merely to prove you wrong. Obviously I STILL must not understand what you mean. It only took me 20 minutes of playing back the recording from Tucson (1/29/07), using Jacks' software and bouncing ball, to find an example of what I have been describing. I find it difficult to believe I stumbled on a rare outlyer on my first attempt in the 5th bar of the day. I can't provide the recording this moment, I will do my best to figure out how to grab just the necessary piece. If you have the capability, you can view the 5th bar playing out and PRV moving between increasing and decreasing NO LESS than 16 times between when the ball starts bouncing around 30 seconds I think, and the 4 min mark or there abouts. How am I to reconcile this data with your statement. I can get more examples if you want. With deepest regrets, Bob Hoffman