I draw volume gaussians to gauge the strength of the price movement. In the overwhelming majority of the cases, the rising and falling edges of each gaussian have different colors, identifying one traverse and one retrace. Occasionally, because of a rapid change of sentiment inside a bar, we don't see a minuscule gaussian that binds the visible legs at our monitoring level. I just guess that what you've drawn doesn't help you much in correctly evaluating the NOW's market sentiment.
Never seen such a strange "shape". Kinda like a U. Fanned channels so many times it got to be ridiculous. Anyways, plenty of points to be had on days like these if you're patient. The whole mid day until 15:30ish was "hands off" for me.
Thanks for your comments cnms2. I am focused on performing sweeps of the data sets in the M & A and annotating what I see based on the YM, ES, tapes, channels, volume, and gaussians. I am primarily focused on course and medium sweeps at this time. The are proving quite sufficient to perform the D & A in the NOW.
Plenty of experience trading it and the realization that my skills aren't up to the task of trading the typical mid day choppiness. Basically, until I can do the whole MADA process quick enough, no thanks...
Jack makes mention of this and explains it as Money Velocity and the risk/reward ratio based on volume and experience: Here is the link to the chart: http://www.elitetrader.com/vb/attachment.php?s=&postid=1430256 It was part of a very interesting thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=91543&highlight=money+velocity Hope that helps!