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and thank you for this... http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&highlight=refinement&pagenumber=216

R/R, http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&highlight=refinement&pagenumber=170

Nicely done on your part as well. Your patience is appreciated.

The impression I'd like to explicitly convey is one of uncertainty and ignorance regarding this scenario, but also the impression of trying to "get it." After a second try or second look, it appears with your question that you're suggesting we do not need a close beyond the last retrace bar...

We fan the RTL. Not sure what else. That's an example of a right to left traverse on a single bar.

Thanks for this question. A little while back, Avi8 provided excellent examples of how we can analyze the P/V relationship based on the open of a bar and the context of the channel. Now I'm thinking that the same could apply to a bar's close, esp. at pt's 1-2-3 and in formations. Or is this...

Oh geez, I had it completely mixed up. I was focusing on the decreasing volume aspect of some of the formations instead of the first/creating bar (dom volume). Thanks, Spyder.

Guava, I haven't found the post yet and will be away from the computer for a while. Here's what I think right now until someone corrects these tyro beliefs: 1) Formations are non-dominant traverses, this includes all pennants. However, not all formations are pennants. Because pennants are...

Guava, yes, flaws only occur in the dominant traverses. However, as I understand it, pennants only occur in the non-dominant traverses (and on decreasing volume). How to resolve when a flaw and a pennant formation happen at the same time (if that's possible) and which traverse it's in is a...

Thought I'd never quote myself, but I wanted to share with you that the data on the chart I posted at the time appears to have been wrong, affecting the gaussian annotations. My charting platform is now showing DECREASING red volume for that sym pennant bar when it previously showed increasing...

The market did not provide the confirmation required. The next day price closed lower on increasing red volume creating a sym pennant. Because we did not see what must come next to be on the right side of the market (which was long), we found ourselves on the wrong side of the market. What...

"5) Inc. red volume that transitions into IBGS and forms Outside bar closing above down tape = ?????" Reverse long and know that increasing black must come next.

Here's my shot... Avi8: 4) Decreasing black volume = ????? Spyder: "...If Volume is decreasing, with increasing price, then price will begin to decrease." Hold short.

:D Just what the doctor ordered.

This is a good idea. As a new student of the equities methods I'm open to to all chats and educational experiences. Same goes for the futures methods.

Thanks, Spyder!! :D

...when the bar closes, the next bar immediately opens and starts as a forming pennant, so we look to YM.

AHA! Then the increasing black volume YM bar that breaks out of the lateral is our signal to get back long.

Hey Spyder, having a session would definitely help a ton. I thought about that "choppy" period all day yesterday and today and must confess having difficulty using only ES and YM to see the right side, even after the fact. It seemed like the 1-2-3's were having a standoff. I'd love to join in...

I'm not a foot fetish kinda guy, but with toes like that she's got to be "stacked" in all the right places. And just like our eyes are attracted to those spots, my guess is that price is, too. :D