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13:06:00 ibgs on YM and the ES should resume its dominant direction down?

it's 13:00:45 and the price is traveling from pt1 to pt 2. FBP FBO indicates that pt2 to pt3 move is beginning?

1150 [close of] = VE 1235 [close of] = FTT Is this the difference you are referring to?

I may have mistakenly drawn a pt3 channel where it should not have been: http://i276.photobucket.com/albums/kk20/ROMANUS42008/incorrectchannel.png

I found this to be helpful: http://www.elitetrader.com/vb/showthread.php?s=&postid=1316994#post1316994 the pic that was attached: http://i276.photobucket.com/albums/kk20/ROMANUS42008/0018.jpg that day's chart: http://i276.photobucket.com/albums/kk20/ROMANUS42008/0019.jpg

Is Trend in this particular sentence refers to the down trend represented by red bar that broke out of the Lateral Formation on increased volume? Thank you.

I don't think there's any logical way to consider lateral movement across multiple bars as anything other than continuation, since change is a single bar event, as in as long as you're driving you have a continuation. But once you stopped (change) you stay still (continuation). In other words...

I believe that lateral movement presents itself in four different ways: 1. Anything that goes on inside lateral formation presumed to be lateral movement by definition. http://www.elitetrader.com/vb/showthread.php?s=&postid=1468195i#post1468195 2. Decreasing red volume in a down channel. 3...

:D lots of aliases does not equal lots of people:D It seems to me that the set of aliases, which volunteer their negative opinion on any subject related to JH and Spydertrader, can be divided into three distinctive groups: 1. more than a dozen usernames belong to one individual, who was...

I believe that lateral movement represents continuation of the trend that was in effect before that lateral movement started. So in this particular case: 1. first, we begin with up trend 2. then price creates lateral formation (price moves laterally inside lateral formation, but it's not...

Thank you, Spydertrader!

[/B] Cool. Thanks, nkhoi.:)

Thank you, nkhoi. What am I to look for in her pics?

I suspect what was referred to is the notion that we begin looking for an FTT after we had VE, otherwise known as "don't expect an FTT before VE or Flaw" as in "we are unlikely to see FTT before flaw or VE" And since Ivob expecting pt3 down this suggestion is definitely logical. Personally, I...

I have attempted to reconstruct what channel and traverse may have been referred to, and the only logical explanation that I see is on this 'accident reconstruction' chart: http://i276.photobucket.com/albums/kk20/ROMANUS42008/ES06-085_15_20085Min.png I marked the traverse I suspect...

I noticed it too. The same going on in the equities journal:(

This is very helpful. Thank you, ticktrade.

BINGO !!!!!!!!

Exactly:)

The price tries to reach LTL, moving towards it, but after failing to reach LTL it retreats in the opposite ( non dominant direction) Get a video from the futures journal and Jack's Channel Document.