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Damn, you're good. Thank you. The volume peaks are decreasing indeed in the 12/19 example. Despite of the fact that we have IRV - this seems to be non-dom part of the up movement. So, it's a hold situation. Today, however, we have a lateral formation BO and with no more increasing volume on...

In other words I suspect the reason why you would have taken one trade and not another is in those few thousand screen hours:)

Looks to me like you don't just blindly trade all tapes, but instead you look for what seems like a complete point three formation on some fractal (whatever that is - something with increasing black after point three on some fractal). In other words it seems to me that you treat the tape break...

Absolutely no need for pardon. Appreciate your comments enormously. If I could find a way to reliably and consistently bang out a few points a day ... Thank you. I am going to do some work with your suggestions. Expect some follow up questions.

The above quote is from one of the deleted posts by JH: 03-17-04 12:15 AM ________________________________________ Quote from nasdorq: Hi Jack. I notice in some of your posts you refer to "taping". I'm trying to figure this out. I think you touched on it once or twice, but you used...

It would be helpful to have some sort of drill for that. I am looking at the last orange down traverse of the day - and i don't know what to make of it. One one hand it seems like one would need a retrace to break the RTL of the original ff traverse to have a 5 min ES level traverse. On the...

Yes, at the time I posted, my red Point Three down wasn't a 5 min ES level Traverse. Furhtermore, I don't believe we have reached completion today and an up tape in the last half hour is just a retrace. It would be disappointing to learn that this conclusion is incorrect.

Seems like I keep seeing the localized flashes of big picture which suggest why or why not the particular trend run it's course - like none of the 1400 and 1430 being 'real' Point 2 down. But the integrated view of the big picture with all the data from which one can derive a sufficient data set...

My eyesight failed me again. Missed 1115 closing inside the pennant (I think I should start drawing laterals again :D )- all red incr volume bars are non-dom. Definitely weren't done, when I though we were done.

Yeah, I know. :( I thought since p2 up was inside the down traverse, the up trend was suppose to accelerate. Instead, I get this crap. I am sure there's a perfectly good explanation for what is going on right now - I just don't have it.

I have a strange feeling, that now we are suppose to proceed up to the pink down channel RTL to establish p2 up. Probably a wishful thinking.:p

Seems like there was change @ 1140 on 5 min ES level fractal.

Spydertrader, if you'd be so kind - could you check the gaussian annotations and tape drawings in the images above. I attempted to annotate it in hindsight to fit the actual traverse today to see if it might shed the light on why it developed the way it developed. Thank you.

1340 - 1345

1330 - 1335

1315 - 1325

1300 - 1310

1240 - 1255

1215 - 1235

pm