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Neoxx: Are you sure you haven't jumped fractals with your first black Pt2-3? I believe a properly drawn acceleration tape from the black Pt1 would not have been broken until the 11:30 EST bar (your red Pt1). Therefore any tapes drawn before that would be contained in the original tape and...

I would also like to extend my thanks to Spyder, MikeyTrader, and Ireland for their work which lead to a very successful meeting. Of course, Spyder deserves special thanks for his tireless efforts on and off the Journal. This was the third meeting he has hosted that I have taken advantage...

Happy New Year to all. Huge thanks to Spyder for his generosity the past few years.

I agree and was drafting this just before your post

Sorry, not following you here while looking at your last chart attachment. When the short Channel sequence is complete we will start a new long Channel commencing with the FTT of final short Traverse (of the short Channel). I'm not sure that has occurred yet. What we had today was...

Please see Spyder's last post that described fanning the channel RTL when appropriate. That is the solution instead of arbitrarily starting a new RTL which appears to better contain price. You said you understood what I said, but I'm not sure. These things I mentioned define a strict model of...

Please note that Channels, Traverses, and etc., originate, have their Pt2, and Pt3 at particular locations defined by Sequences and Change, not just available geometrical points.

I annotated 11:15 as pt2 long, although 11:00 was the "geometric" pt2.

thank you. Next step is to re-visit the crayola drill and see how this plays out for the Channel level over time. I am concerned, (and I am not alone with this), that the Pt2 of the previous down channel, which I annotated at 12/4 13:35, had not cleared it's previous up channel RTL.

The market has started a long traverse at 10:45 after completing the second dominant traverse of the down channel that started 11:30 on 12/4. This long traverse is expected to initiate a long channel, and after leading to the channel pt2 with it's FTT, it would be followed by a short...

I am well aware of the posts about expecting a lateral after increase in pace but didn't recall seeing the "reverse" logic utilized. I didn't think that sequence completed either.

Romanus, do you have a source where this principle was described explicitly? thanks in advance

Drill

Romanus: you said: "I am concluding that for somebody who trades on the ES 5 minute Traverse Resolution Level the action at the close of 10:20 ES bar is hold because no permission to seek change in mode exists on that bar. No permission to seek change in mode exists on that bar because...

I was referencing from 10:05 to 10:20 bars today. Did I misinterpret your original remark? You said "Both bars with increasing red volume after point three in that traverse are one of the three cases where increasing volume can show up when price is moving pt2 to pt3."

how could this leg be moving to a pt3 with a lower low?

Drill 2

Drill 1

Check Spyder's original chart for 9/8 posted near the market close. http://www.elitetrader.com/vb/attachment.php?s=&postid=2058754 Note bar 5 and bar 6 both have decreasing volume after the pennant BO. Increasing volume didn't come in until the next (IBGS) bar. This is the also way it...

go back and study Spyder's 6/18 posts where he posted a series of four charts. He called it "Three Levels of Trends". It is a very clear presentation that should help you with this.