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Thanks, not looking for trades here, just trying to understand behavior I am not familiar with.

Thanks, yes it was a matter of space, I did not want to clutter the screen with lots of charts. Next time I will use the multiple charts choice.

Thanks, I looked into what you are talking about and found this:: http://www.traderslaboratory.com/forums/technical-analysis/6320-price-volume-relationship.html#post70030 Will give it a read. And thanks for the reply

Yep, I have another thing I am trying to understand, see chart attached please.

Thanks, all clear now. BTW the Breakout was to the upside!

Interesting, support range? Are you talking about the 50% level marked in the chart or is it something that is not marked in the chart. Besides, I do not see something remarkable in the volume levels, perhaps you can clarify exactly what is it you are seeing. Thanks for the reply.

Thanks speedo, I was just wondering if there are clues in volume that can help one decide if one direction has more strength than the other.

Hi I was trying to spot something important in this price action regarding the next most probable scenario (Upside or downside breakout) but I cant find anything remarkable here. Perhaps someone in ET has a better understanding of PA and can help me understand what important information I am...

Not just yet, I am still in the gathering information (testing) phase.

Today was a rough channel but still a trend.

Didnt go to far as I expected and ended up in a congestion yesterday. Adter the inventory data release I took the first short but as it failed before breaking new lows I took the next long that didnt go far either. The next trade was the attempt to break out of the down trend channel that...

Let´s see how far this can go...

Here is today, after the break of the triangle and the test of the apex my expectation was a break below the opening range low, but it didn't happen. But then instead of finding scared sellers things just calmed so I took a second shot with the same expectation, it didn't happen either so I...

And here is what happened after, a congestion formed, perhaps the afternoon comes with more interest.

Hi, thanks for the comments, I actually consider the retracement you do not consider a PB as a reference point to define demand/supply strength, I have never called them PBs, but just Retracements.

Here is today, I tried to follow prices up, then down then left when they didnt make up their minds.

1. After inventory data it looked as if demand was going to revert the longer term trend hence the first buy, 2. but it did not and created the opportunity for a short 3. but it failed again on 50% where i had two scenarios a trading channel or a triangle, it turned out to be the latter. 4. So...

Volpri, how do you define a Leg?, I see more than 3 waves there, but I assume a leg for you is different from a wave to me.

No retracement, the movement turned into a reversal and the downtrend returned, as buying dried out at the midpoint of the downtrend channel. The last leg of the long was closed at break even.

A follow up, so far, waiting for a retracement in the hourly.