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This question is a follow up to a recent P/V discussion and I appreciate any comments or feedback. The chart below is from this post: http://www.elitetrader.com/vb/showthread.php?s=&postid=1877915#post1877915 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1877915> This...

Something I am working on, may be helpful to others: http://www.elitetrader.com/vb/showthread.php?s=&postid=1316994#post1316994 <img src=http://www.elitetrader.com/vb/attachment.php?postid=1316994 > http://www.elitetrader.com/vb/showthread.php?s=&postid=1465746#post1465746...

A very important post IMO: http://www.elitetrader.com/vb/showthread.php?s=&postid=1584139#post1584139

increasing dominant volume means continuation, decreasing non-dominant volume means retrace or lateral movement

I suspect the decreasing non dominant volume after an FTT / return to dominant volume after the flaw – is also how P/V manifests. Personally I am bursting with excitement and anticipation to finally clarify that simple and yet so elusive concept once and for all. :)

Bars 40, 41, 42 non dominant traverse on decreasing black, RTL BO on decreasing Volume and went higher on increased black

That seems to be the perfect time to bring out my lack of understanding of P/V relationship. I understand how it manifests itself: Dominant traverses on increasing volume, non dominant traverses on decreasing volume. However I find the Jokari window itself beyond my comprehension. Spent many...

Thanks for the chart!

Ditto

Still working on that:D

Bar 10 on YM ends at 9:50 Bar 5 on ES ends at 9:55 and creates SYM. We look to YM when ES is inside formation. Looking at YM anytime after 9:56 I see FTT confirmed by decreasing black volume bar 13, which also closes outside lateral formation on YM.

Beginning with 11:30 ES finds itself in the formation (first FBP, then Lateral). During this time YM provided 4 signals (see attached): 11:32 - new pt3 up channel (blue) 11:34 - FTT in the new pt3 up channel (blue) 11:36 - new pt3 down channel (green) 11:44 - FTT in the new pt3 down...

I operate under this definition of BO: http://www.elitetrader.com/vb/showthread.php?s=&postid=1387891&highlight=kaput#post1387891 So without using YM, I see bar 26 as a BO, which tells me the channel is incorrect and fanning out is the next step. Bars 27 BO again. the market is moving...

Got it. Thanks. This stuff is so cool:D

I failed to follow this rule and arrived at an erroneous conclusion. Thank you, R/R.

The areas like the one in the blue box I tend to experience difficulties with. VE marks change, followed by non dominant traverse on decreasing red volume. Then lateral movement starts on bar 23. Until bar 29 breaks out of lateral movement on increasing dominant ( black) volume, I can't...

You are absolutely right in your assessment. The picture I drew is a result of my confusion. I saw bar 15 incr red on PRV until 10:43:30 and before the bar was finished I moved the RTL of the tape to go through the high of unfinished bar 15 making it my pt3. But I don't think we are allowed to...

bar 9 is an FTT of the overlapping channel, an as such is used as pt1 for the new channel using bar 10 as pt1 results in chubby tape => still no channel http://i276.photobucket.com/albums/kk20/ROMANUS42008/tapes.png

On my chart, if I try drawing a straight line through the high of bar 9, an FTT, and the high of the next bar 10, the resulting line ends up not being touched by any of the following bars. In other words on my chart if one draws a straight line through the high of bar 9 and high of bar 12 (...