I am sorry I forgot to take off the black lines before posting my chart, they are only for eyes. I've really been shy about my charts in the past , I recently plucked enough courage to post. I thought it's now or never!!
BM, Here is my snippet of the section in question. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1619063"> Doji bars on increasing volume are meaningless to me in terms of PV/CHG/NOC, unless they are very spiky and can pass for an FTT/intra-bar-gaussian-change. If the next bar closes positive, I adjust my RTL. If the next bar closes neg, then I treat the prev doji bar as a legit BO. I try to break up the doji bar into 2-3 bars in my head and use the context of the prev/next bar to determine what the hidden gaussians would be (incr red for BO, etc). One must always remember that the market doesn't know we are viewing it in 5 minute segments.
Bundle, This may not be textbook because of the volume but to me it was an HVS (hold), then BO down instead of cont up. Probably doesn't help with the question but wanted to throw that out there. Regards - EZ
My data, as well as my channels, were slightly different <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1619436>
Lots of this stuff doesn't "strictly fit the rule" so we just apply what we can. We know we are still within the shadow of the 13:15 OSB, in some type of Lateral, and at the verge of BO/FBO of the RTL. As the BO's came on decreasing volume I determined things were not fitting the model of what I anticipated so stand aside. Note this action preceeded over an hour of sideways chop. Also regarding Spyder's definition of inside bars:
don't know about your data but its easy to see why your channel is different. Looks like you took Mak literally about "anchoring critical points to the RTL" in your point 1 selection of the 12:45 bar.
I have been following this thread since Dec 07 and rely on it greatly. I speak for 3 others that are also reading daily. We find tremendous value here. It is a humbling experience to see the efforts of Jack Hershey and Spydertrader. I have experienced the value of pay forward, and now wish I could pay back. After reading the posting of Jack that he is closing his ET membership, I realized I should do something in honor of the moment. I am enclosing my chart (with any luck) and extend it to show the origin of my carry over channel. I had some trade success right away, but I had no consistency in my results. A month ago I assigned a task to myself to have 5 profitable trades in a row each day. That took my eye off the profit, and placed it on the read of NOW. Should anyone wonder if the JH methods can bring results, I say this: It saved a miserable wretch like me. Thank you to all for the determination to make this thread a living classroom. It made success possible for me.