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Again note the beautiful symmetry between the first and third legs of the maroon down Channel. They both begin with a shallower red down Traverse, then both of them steepen to a pink down Traverse. Also, I forgot to mention earlier: look at how nicely the slopes of the Traverses within a...

Another helpful bit of symmetry: in the grey lateral Channel, both of the dominant Traverses show exactly 2 VEs. So when we get the VE with a close off the low at 12:30 EST (close of bar), we can look over and see 2 VEs in the first dominant Traverse of the Channel. This helps clue us in that...

Notice the symmetry between legs of the olive up Channel. Each leg consists of one Traverse, and none of these 3 Traverses shows either a Flaw or a VE. Then look at the symmetry of the legs of the grey lateral Channel. Each leg of this Channel is made up of one Traverse, and each of these...

Hi gucci, Tums' comment "20MA up" was referring to someting I neglected to include in my list, which is that the 20 period simple moving average had an upward (positive) slope during the bar in question. (The 20MA also had an upward slope during the other two bars of the quiz).

I'll attach Spydertrader's chart of 7-15-08 midday with the relevant bars for reference. 1. 12:10 EST (close of bar): I see that this bar continues up on IBV and increasing volatility, then forms an IBGS and closes near the low in LM. The IBV is actually DBV relative 2 bars ago. I see...

Today's ES Thanks for the quiz, Tums. I'll wait until tomorrow to post my answers so that I can work on it some more tonight...

Thank you for steering me back in the right direction. I'm going to turn off the simulator and forget about "playing the hypotheticals" for another 20 sessions. That should only take me about 10 weeks, at which time I can add another 20 sessions if I still don't see the market in a binary fashion.

I've been studying the 7-2-08 morning more closely to see how I might have traded it given my current level of understanding. I numbered the relevant bars in the attached chart. Bar 4: Enter short due to LM FBO on IBV Bar 6: Hold short even though it's an OB, because it FBOs the upper...

As Spydertrader has repeatedly asserted, it's important to be able to recognize your areas of weakness so that you can focus your efforts on eliminating them. Right now I need to focus on: 1. Recognizing the dominant direction as early in the day as possible. I sometimes miss or...

Here's another day when an up Traverse early in the day wasn't followed by the formation of an up Channel. Again it seems that Volume levels gave us a nice clue as to WMCN. I drew 3 arrows in the Volume pane of Spydertrader's chart for the morning of 7-2-08. By the time we got to the end of...

Thanks, TIKITRADER. Your "Inside the Tapes" charts nicely demonstrate the fractal nature of the market. When you zoom in to the 1-minute fractal, Tapes from the 5-minute fractal appear as Traverses, and Traverses appear as Channels. Of course, the same concept should apply in the other...

I should have caught up with the thread before responding to your post. Your reply leads me to believe that I'm behind on the discussion. For clarity, I was just looking for clues that we wouldn't get an up Channel this morning. Although we have to take into account the fact that Volume is...

I've been pondering this, too. I notice that the dominant black Volume between 10-11 EST never reached the level of the dominant red volume between 9:30-10:00 EST. Perhaps there just wasn't enough black Volume to build a Channel before red reasserted dominance.

and one more (all times CST on both charts):

I chose a day at random other than to make sure Spydertrader posted his chart that day:

Thank you, Avi 8, for confirming another of my recent Aha's. I'm reposting your quote above for emphasis. I still keep Carryover Traverses and Carryover Channels on my chart each day but I also look at each day as a new entity, Monitoring for a dominant direction early on. Once we have...

Well, I made a Monitoring blunder earlier when I neglected the lack of Flaw or VE in the late afternoon blue up Traverse. I have such blunders at least once every day after 3 p.m., due to fatigue. Fortunately, if I had been simming I would have held on Bar 73 due to the IBGS on IRV and then I...

15:55 Flaw completed in steeper purple Traverse, so we can again monitor for FTT:

Now that the sequences involved in the olive up Channel are complete, we can monitor for an FTT. Edit 15:38 EST: I neglected to account for the fact that the blue Traverse didn't yet have a Flaw or VE, but Bar 73 indicated continuation up by EOB, so I would be continuing to hold until the...

Oops, I deleted the attachment. One more try: Edit: Argh :eek: . This time I somehow changed my green Channel P3 to pink. It should be green, of course...