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At 15:30 and 15:35 we have increasing red volume. With dom volume at 15:20 and the non dom volume on bar 15:25 (between p2 and p3), I fail to see how the dom/non-dom/dom sequence for the traverse was not complete by 15:35. What aspect of the sequence is incomplete at 15:35?

For clarification, in order to complete the sequence of "dom traverse, nondom traverse, dom traverse", (thereby creating our channel), we needed to have red dominance established for the second dominant traverse. This occurred at 15:20. We cannot have peaking volume prior to sequence completion...

According to spyder's chart, the 14:05 lateral ended at 14:20.

Look at Spyder's gaussians: 14:20 b2b pt 1 14:25 dom long 14:30 dom 14:35 non dom 14:40 non dom 14:45 dom pt2 14:50 non dom 14:55 non dom 15:00 dom 15:05 dom 15:10 dom (pt 3) So despite 14:35 and 14:40 being non dom, it was apparently not a pt2 to pt3 move. Either that gaussian...

ES 14 Oct 08 with all bars annotated dom/non-dom in real time, plus what I think were the traverse level signals for change.

drill

After the short at 09:45, possibly one traverse level signal long at 14:15 and another to reverse short at 14:35.

How does the increasing black vol at 13:50 help you conclude that the sequence is not complete at 14:35?

That would suggest that one cannot anticipate channels forming. :eek: Perhaps this is not critical anyway since we are aiming to trade each traverse anyway. It's just useful to know the context of each traverse.

I'm not sure that one does know. Having had a dominant traverse and knowing that traverses make channels, it wouldn't be unreasonable to anticipate a non-dominant traverse and then another dominant traverse to form a channel. It all depends of course where one is in the sequence.

At 11:15 we had a traverse level signal to reverse short into the non dom traverse of the forming channel. Are you suggesting that you would hold short through a non dom (long)traverse after 14:35? That's fine if you only wish to trade channels but I am looking to trade each traverse...

Both 11:15 and 14:50 are signals for change at the traverse level and both are formed inside a lateral. However, it appears that the context for the two signals is different. The fact that 14:50 is an invalid signal means that the traverse sequence cannot be complete at that time. Since both...

I am a confused about this statement because our signal to reverse short at 11:15 also occurred within a lateral formation. http://www.elitetrader.com/vb/attachment.php?s=&postid=2103559

I think either there is some confusion here or a typo. I assumed 13:55 was sequence complete and a signal to get long. Is this not the case? Thanks

Even though we had rtl bo + ibv at 13:45, I can see that the sequence did not complete until 13:55. At that point, we are inside lat movement. What is the trav level signal for change to get short at or around 14:15?

After a careful debrief, I can see that my lateral beginning at 10:20 was incorrect and should have started at 10:40. The 10:40 incr red vol confirms a pt3 at 10:35, and 10:55 is the signal for change (lat fbo with irv). We then have: 11:05 drv, hold long 11:10 irv and close inside prev bar...

so far (12:20 was PA BTW)

Spyder, Thanks for posting your chart today (26th). I am curious as to why you did not use the ibgs at 11:15 to kill the lateral from 10:00, and also the ibgs at 13:30 to kill the lateral from 13:15. Both have increasing vol and penetrate the lateral boundary...

I notice in your lateral from 09:50 (24th Sept) that the gaussian changes from non dom to dom at 10:00, prior to the end of the lateral. Am I incorrect in thinking that the guassian should show non dom until its end at 10:10? Thanks for your help to get this dom/non dom clarified.