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thanks nkoi I was about to post this link that gives further examples of the "WTF" acronym so I'll do it here: http://www.albinoblacksheep.com/flash/end.php

The dominant trend of the forest is down. The break out of the RTL (brown) does not show a strong B2B relative to the previous volume levels and goes into a lateral with decreasing volume. This does not represent continuation of a dominant uptrend therefore the latest action is likely a larger...

Spooz: thanks for your work here - it's well done and exactly what was needed to spur additional "on topic" comments and thought before we move on.

Home late so only have had time to run this for a while tonight. This 5 second data interval appears to work fine for playback drills and practice. I'm sure tick data would be better but this seems to ok to me. I will continue testing this and post if my thoughts change.

I am starting to experiment with AmiBroker using IB to collect 5 second ES and YM bar data. AmiBroker will allow a bar playback of both symbols simultaneously in their respective 5 and 2 minute charts windows when setup within a layout. Using 5 second data the playback step interval can be...

Spooz - We're on the same page:) you just zoomed in alot tighter than I did. I read more into 8833's description and looked at the diagram only conceptually assuming the intent was diminshing volume up to the point 3. Now that I look at his volume diagram more closely he even stacked...

Spooz - are you looking at the chart graphic with "time series A - e"? Doesn't this show decreasing black volume up to point 3 of the new red channel? I'm not sure we're looking at the same chart, or looking at it in the same context.

Yes I believe the 16:00 bar is an FTT using the same analysis that Spyder posted in his recent explanation to you. This is something I also had a problem rationalizing, but it was beaten into my head recently. The 15:55 ES bar expanded the volatility channel which is sloped upward. The 16:00...

I know where you're coming from with this as it bothered me for some time not knowing the extent of retrace required before we would consider the next effort to traverse as a potential FTT. I have not found this to be specifically defined anywhere. As you visualize the intrabar price movement...

I'll comment on your FTT/FBO question. It appears to me that The last FTT (green) is indicating that the inside bar after the volatiltiy expansion failed to finish the traverse and this is what was referenced. The ensuing retrace failed to BO the RTL and was marked as FBO. HTH edit: after...

This is a nice effort to show how traverses build channels. However I would advise you to revise your drawing to always annotate points 1 and 3 on the RTL, and point 2 on the LTL. It appears that you are reversing this.

FilterTip: Also please note that we only BO and FBO the RTL.

FilterTip: I took a look at your DAX chart and only have time for a quick note right now. You are showing FTTs on non-domimant traverses (retraces) back to your RTL on the magenta and green RTL's. By definition FTTs only appear on dominant traverses as they fail to complete the traverse...

8833: As I read your post I think there is some confusion with nomenclature. 1) I think you are confusing "/\" with "\/" as used by Procrast. /\ = rising, then falling \/ = falling, then rising if you look at his chart in this context does it make sense? 2) when you say "LTL" I...

that rally started 3:20 yesterday. See the chart link I posted previously or your chart for the larger picture.

isn't this an example? We have diminishing demand at the top or the rally. Picture the red bar at the top as part black vol and part red vol.

Sorry, chart didn't attach, trying again

As an example observe the first bar of 1/22/07 marked on my 5 min ES chart attached. Price and volume bars are shown in black because price closed above previous bar. Compare to other charts posted and many of the same bars will be red because the bar's close is below the open.

It depends on the software. Many of the charts posted by Spyder and others are with Qcharts. I haven't used Qcharts in years but they used to color code bars based on close versus open, like candle stick charts - not close versus previous bar close which is how I have my software coded. From...

I also want to add my thanks for these.