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Or not reaching right trend line at all and resuming dominant direction. In other words in order for a BO to fail, it is not necessary for a price to come near to, or go through the RTL.

Inside = lateral movement. :D Sound of slap on forehead :D Thank you, Spydertrader.

If anybody could share their insight on 1450 [close of] bar, I would greatly appreciate that. It is an IBGS, which signals change. Since it closed within the previous bar range I am permitted to look at YM, which at 1450 [close of] shows retraces on decreased red volume following an FTT a bar...

Sounds too much like "Venus in Furs"

Thank you, Padawan. Appreciate that.

Your writings are highly amusing. This particular personality of yours has significantly better style than the others. Looking forward to more. Meilleurs voeux

RTL BO on increased read volume followed by price heading lower. No, it did not. Price formed FBP and started moving higher on decreased black volume which signifies a lateral movement. Channel FBO FBO and price resuming dominant direction After failing to BO the RTL price resumed moving...

1335 [1340 close of] was a pt3, but since this was pt3 in a non dominant traverse which I am not supposed to trade, I just watched for FTT's after that to go long.

What beautiful day to enjoy and embrace the laterals. After 2.5 hours watching the paint dry the market finally woke up:D

Well, sehr geehrter Rahula, perhaps it should be pointed out that channels don't really exist. They are an illusion, the crutches designed to help those of us who struggles seeing the behavior of volume. Did you ever stop to think why the only two individuals who publicly demonstrated that they...

Not funny at all. I liked your "What's an indicator? Indicators indicate." line better.

You're one “Cool” Operator. :) Cheers Callmate!

My attempt on M and A of MADA this morning. Pointing fingers at mistakes is encouraged.:D Waiting until market sync for the first three bars I notice the increasing black volume on bar 2 which does not rule out the possibility that the price travels in a dominant traverse from pt1 to pt2...

My understanding is that if price exits the channel on decreasing volume the market just told us that the channel we have is incorrect. This morning the first channel of the day with pt3 on bar 4 was presumed correct until the close of bar 6 when we have BO on decreasing volume. I suspect this...

Thank you, Spydertrader. It definitely does. I posted my previous reply without seeing your post.

:D Well, I am doing just fine confusing myself without any help from outside:D Spent last few hours trying to figure out what would give me permission to look at YM during bar 8 ES. :confused: Going to go for a walk to relieve temporary insanity:D

So if I had entered long (hypothetically) on bar 1 based on a fact that it is an FTT of the carry over channel (based on ticktrade’s chart), then the next bar 2 would make me anticipate change because it went lower on decreasing volume. Bar 3 going lower on decreasing volume and closing...

Aha! During bar 8 ES, the 1008 bar (close of) on YM is IBGS. Here is my attempt of the first A of MADA: Bar 8 ES closes inside the range of the previous bar indicating a lateral movement Bar 9 ES closes inside the range of the previous bar and went lower on decreasing red volume making it...

was there anything that would've suggested anticipating change earlier than the end of bar 10? Thanks, ticktrade.

Sorry, missing attachment. http://www.elitetrader.com/vb/attachment.php?s=&postid=1917427