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The highlighted bar (10:05) shows decr red vol and lower price so we expect change i.e. price up. Price on bar 10:10 does indeed go up, as anticipated, confirming change. The 10:15 bar continues up, with a close more lateral than up, and decr vol ,so one might then expect change. The 10:20 bar...

Having held short through pt3 at 10am, I was anticipating a flaw at the close of the 10:10 bar. Decreasing black vol on 10:15 bar supported the conclusion or a retrace, so no change. At the close of 10:20 I see a higher high, a close near the high and increasing black vol so assumed change at...

If memory serves me right, only one APA is allowed per one minute bar. I never figured out how this could work in practice because the APA stop is so tight, it is almost bound to be hit. After that, it is back to IF1/IF2 for the remainder of the bar. I'm not sure if this is on-topic for this...

Twice the size of your no. of contracts, so that you simply reverse your position when the stop gets hit.

If the channel is wide then yes, of course, there will be dom and non dom traverses within the retrace to the RTL, in which case, we have a new pt3 channel. Here we are talking about just two bars, 15:40 and 15:45. I may be wrong, and I would welcome correction, but having struggled with the...

Ivo, If we conclude that 15:40 is an FTT then we need decr black vol with price returning to the RTL. If red vol appears during the trip to the RTL, I consider that this invalidates the "ftt" and I then anticipate flaw. The intrabar shift during 15:40 makes interpratation of the volume...

Yes. Paricularly with the intrabar shift, although this makes interpretation of volume somewhat tricky. What is the correct thinking here? Volume too high for it to be an FTT? Many FTT's occur on peaking volume so I don't think vol can be "too high" Channel was very steep and there had...

Until the appearance of the dip, we have only the fact that we have not seen a flaw or VE since the pt3 to prevent us from concluding FTT. Correct? Despite the fact we had both ftt and rtl bo on ym? On the second "FTT", was it not reasonable to anticipate upward price movement with both the...

I have attached my 5 min chart for 09/11/07. I believe that we are talking about the 11:45 bar and the 12:05 bar, as marked. The 11:40 bar has decreasing red vol, suggesting possible change ahead. The 11:45 bar has an intrabar shift. It makes a lower low and then closes above its open. At the...

I am not sure that the statement "An FTT usually occurs on falling volume." is correct. If comparing guassian to gaussian, I agree, but not bar to bar. On a bar to bar basis, FTT's often occur on peaking volume. Also, a VE does NOT "guarantee an FTT." A bar creating a VE will, by...

Spyder Thank you for your responses. Having mistaken this RTL BO as a change of dominant (see attached clip) and entered short on the conclusion that this was an FT3, I wish to confirm what my correct thought process should have been after the close of the 13:35 bar, bearing in mind that I am...

I must confess, this statement has shaken my confidence considerably. I am currently using only es, ym, prv and channels, not having yet reached anything like consistency in my abilities to anticipate correctly the direction of price movement. The suggestion that fanning a channel is "optional"...

Given that the outside bar with incr red vol at 13:35 formed a lateral, with subsequent black bars with decreasing vol, was it possible to reach the conclusion of "this is a pt3 long" before the bo long at 14:00?

Spyder At 13:35 on that attached clip from 26 Oct, price bo's the green RTL on increasing red vol but you chose to annotate it as a new pt3 long. I have assumed that we only fan channels in this manner when the RTL is broken on decreasing volume. Could you explain how you reached this decision...

Spyder I am curious as to why you did not annotate the 10:45 bar as a pt3. (see attached clip). Your gaussian shows decr red vol from 10:15, (same as mine) and we both have incr black vol at 10:50. I did not annotate 10:10 as a pt 3 as I was viewing this rally as the traverse to form a pt2...

Yes.

They just have this nasty habit of accumulating.....

No I'm not sure. The boundaries seem to get somewhat blurred at times. I guess the sym pennant bo and ftp bo are considered limb level?

Having missed any opportunity to join the early short dominant between 09:30 and 10:00, I decided to take a long at the break of the sym pennant at 10:00 (entry 1550.00). I quickly realised that I had entered in the non-dom direction of a wider short channel (decreasing black vol) so prepared to...

Very useful indeed. I am sure that my confusion stems from getting clear in my mind what constitutes change at the tree level. In this example, I was anticipating the FTT. In my effort to not reach a decision on price alone, I have assumed that prv must be part of the data set. Your...