Ok then. So did you draw in >black 1200-1205 and then < black 1205-1220? Cuz I just drew in >black from 1200-1220. The dec red after 1220 throws me off cuz I don't know how to put that in a meaningful way that shows me what's going on....
No I didn't. I see no problem in the way you drew your gau. Notice where the black volume 'peaks' within that gau and how the volume behaved after that when price 'peaked' later. See how volume leads price? The emphasis has to be on volume! Especially when you start to trade this live.
If trading on the Forest (blue) fractal looking for Point Three entry signals, then yes. Note also, how the market provided an easy entry by creating a FTP at 11:45 AM (or so). Even if one did not 'see' the Point Three on the previous bar, one certainly can 'see' the BO of the Pennant. Now, PRV, no doubt, indicated increasing black on the BO Bar (which by end of bar did not materialize), but note how Price continued to move in your favor, and then, the increasing black arrived one bar later. Boom! "What must come next," did. The Forest Level trader, learning to spot FTT's should trade in such a fashion in order to aid the transference process. Once one learns to quickly spot the FTT, one can then move to trading The Forest Level Dominant Traverses or Trading Both Traverses of The Forest Level (Tree Level). One learns two things in the process. 1) Maintain the fractal on which one trades, and 2) Supreme confidence from an improved ability to locate quickly a forming FTT. Oh, and you might make a little money along the way as well. - Spydertrader
Oh how sweet it would be to be a competent JHM trader on a day like today . Today could have paid for the Porsche. Some day and hopefully soon.