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A question about LT extensions. Once an extension is in place, do we continue to extend the original LT and use it again as a LT for FBO and BO analysis, if price falls back into the price range of the original channel? Or do we just have a wider channel now, from RT to LT extension? I...

That does simplify things, and the results from today are very similar, actually a bit better. Plus there are no judgements to make about what is sideways and what is not. :) Great observation! Thanks.

Gaussian simplified. Just ignore me if this confuses you. Remember I'm just learning, and I haven't read anything about this from the experts. I think the principles are unchanged, however. Like many, I've been a bit confounded trying to annotate up/down Gaussian movements. I've been...

Thanks, Nkhoi. I'll be studying that chart closely. But in the morning. Probably Monday morning.

Yes it's the intermediate channels I'm talking about. Thanks for the reminder of the nomenclature. It's not unusual for me to have no new channel when there is a sudden change from up channel to down channel for example, because it takes a while for the point 3 to be established in the new down...

Mak, thanks for the comments. It really helps my understanding to see your thought processes behind this. I see your point about RT. C is much easier to arrive at in hindsight. B is just reacting bar by bar. I've noticed that not only dominate traverses, but also retraces often come to an end...

One thing that comes to mind is to rely the Gaussians. Has there been a change in the Gaussian dynamic. Has the traverse from the FTT turned into a dominant? If so, no reverse, if it is still non dominant, reverse. ... I am always finding situations where there are multiple end results at...

Not so sure about bar 7. Your commentary for it rings true, except it is an outside bar that closed well above the price on bar 6. Therefore I can't make the conclusion that it is an R2R. In fact it could just as easily be a rejection of going lower, getting set to resume the dominant B. I would...

Some Gaussian food for thought. Ezzy's chart for the day spurred me to think through some common Gaussian PV action. Take a look at the almost identical attached examples, A, B, and C. Ex A is the textbook progression that we are all comfortable with interpreting. B and C are identical price...

QCharts usually screws up the data each holiday, and includes trading when the market is closed. After a while you'll see this data omitted from their database.

The whole day, for context, or FWIW.

A couple points of interest for the day, at least I thought so. And a question. 1. The retrace of the purple channel in the rectangle in the 1400 hour is on r2B Gaussian movement, so I'm already thinking this is a dominant traverse of the yet to be established up channel. 2. Based on 1...

Shouldn't the white down channel be drawn through the 10:30 bar as point 3? If so, and to build on the mepistoII's question, is it correct to move pt 3 to 11:10? Here's my take.

Makes sense. But If it hadn't been for this post: http://www.elitetrader.com/vb/showthread.php?s=&postid=1325891#post1325891 I would not have realized that the sequence was broken. Dropping volume is what I would be looking for after the FTT. But in this case that very sequence (dropped too...

Yes R/R we are on the same page. Page 101 is just what I was looking for. Thanks. I searched for "flaw" and this term does not show up on that page, so I missed the discussion this time around. I think I need to review that document in its entirety.

I did read that document when this thread began. After just reviewing it looking for a discussion of flaws, it's clear to me that I would benefit from going over the material again, now that I have a much better understanding of channels and PV. I found very little on flaws however, the...

I've seen the flaw annotations on your charts, but haven't found much material about how to identify them. If these are part of the PV relationship we are covering in January, please direct me to where I can learn the details of these? (Like your last post - a great help.) It's not clear to me...

Good post, dkm. Very helpful. Your thinking seems "flawless" to me. :)

Thanks, that helps. I think I've got it now. So in your example B2R, B2R..until R2R. R2R is the beginning of the down slant channel. If bold denotes increasing volume (the left side of the Gaussian) then the sequence of your 1st example would look like this: <b>B</B>2R , <b>B</B>2R...

I'm just learning like you, but I'd like to try my hand at an explanation here. Feel free take it apart if you don't agree. I agree that the 2nd ftt in your circled area is conveniently marked by a volume spike and easy to spot. The 1st one circled in the circled area is weak, and notice it...