Did ok on the 1st five, on the second set of five he had already provided the answers for you, with the "T" exception (opposite of P)
Thanks, Ezzy. For some reason, I read it as: HOW WOULD I - R, I - B, D -R and D -B grab your mind as something like the notes C, D, E and F? Thought T=trough volume, but hadn't heard this mentioned on the JH futures thread. Volume (continued) I - R = Increasing Red = this refers to the successively increasing red volume bars which occur after a bounce from the RTL on a "short" trend D - R = Decreasing Red = this refers to the successively decreasing red volume bars which occur after a bounce from the LTL on a "long" trend I - B = Increasing Black = this refers to the successively increasing black volume bars which occur after a bounce from the RTL on a "long" tred D-B = Decreasing Black = this refers to the successively decreasing black volume bars which occur after a bounce from the LTL of a "short" trend T = Trough = this signals the lowest volume level; a volume breakout will precede a price breakout
Amendment... I - R = Increasing Red = this refers to the successively increasing red volume bars which occur after a bounce from the RTL on a "short" trend AND after the initiation of a new "short" trend I - B = Increasing Black = this refers to the successively increasing black volume bars which occur after a bounce from the RTL on a "long" tred AND after the initiation of a new "long" trend
I think Jack's referring to the two laterals which don't show up clearly in the critiqued version of the chart. I'll be sure to use a stronger colour for the laterals in future. FWIW, I read this as the market catching it's breath after each volatility expansion of the channel and steep dominant traverse.
Revised list of Price and Volume terms: Volume R2B - This symbol means two things: A bounce off a LTL on a "short" channel and a bounce off a RTL on a "long" channel B2R - This symbol means two things: A bounce off a LTL on a "long" channel and a bounce off a RTL on a "short" channel R2R - This symbol marks the overlap between the end of a "long" channel and the start of a "short" channel B2B - This symbol marks the overlap between the end of a "short" channel and the start of a "long" channel I - R = Increasing Red = this refers to the successively increasing red volume bars which occur after a bounce from the RTL on a "short" trend AND after the initiation of a new "short" trend D - R = Decreasing Red = this refers to the successively decreasing red volume bars which occur after a bounce from the LTL on a "long" trend I - B = Increasing Black = this refers to the successively increasing black volume bars which occur after a bounce from the RTL on a "long" tred AND after the initiation of a new "long" trend D-B = Decreasing Black = this refers to the successively decreasing black volume bars which occur after a bounce from the LTL of a "short" trend P - Peak volume: this symbol refers to the last big surge of volume of a price move; price is unsustainable at this level. T - Trough - this signals the lowest volume level; a volume breakout will precede a price breakout Price L - Long - price making a higher high S - Short - price making a lower low FTT - Failure To Traverse - Price bouncing off the Right Trend Line but failing to reach the Left Trend Line. INT - Internal - Price moving horizontally as the market pauses for breath. Internal formations consist of pennants (aka triangles) [symmetrical, flat-top, flat-bottom] and laterals
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Just got home from work. Catching up on the charting. Will post once we get the point 3 up. Perhaps even see an FTT and get a trade! Will catch up on all the charting and logging tomorrow and over the weekend. (on-duty again in under four hours).