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Here's my ES chart for today. Not all the annotations are in. Had a little trouble on some of the gaussians around the open and midday. Interesting how everyones charts are always similar, but different, even though we all look for the same points.

1. Yes. 2. Cash is the INDU. YM-INDU is giving you the premium. You subtract fair value to zero it out. Your sqz/str is referenced from there. Hope that helps - EZ

Why not explain now? Extreme low and high volume bars have significance. But what about the wide range and squat bars (squat bar meaning small range/high volume), some view inside bars as significant. What's your view on these?

Not sure what you are getting at. Can anything happen before price and volume? Just price and volume formations, locations. There are news and fundamental (earnings announcement, etc.) events. There are price points some cluster stops around. For volume leading price, on the smallest...

dkm, There will be a difference based on how your software handles the coding - the start point on the comparison bar. As you can see in my chart the bars move across the centerline. It shouldn't make much of a difference when your used to how it acts. edit: Regarding what Mak said...

Audkid1, Thanks for digging up that post. Puts pace considerations on the table. Also wanted to mention for Qchart users to watch their sqz/str charts and make sure they are running on time. Because the INDU opens after the YM, some might experience a problem with the chart running...

When Jack originally went through the ES trading, begining level traders were to sideline during dry-up or as we went into CCC. But I don't recall Spydertrader mentioning that or a 9,000 cut off, as this is a slightly different road to the same place. At this level it is much easier...

That makes sense, to sideline and see what mode you were in prior to the confusion. Some of the confusion comes at times where the volume has slowed, but not dry up. For example what looks like a retracement but it keeps drifting against you or walking sideways, as you wait for confirmation ...

Spydertrader, Today was tough going into the low volume session after 11:00. Lot of smaller channels and late realization of a larger lateral. Also had some trouble reading the gaussians in low volume - 'cause we really didn't get a dominant until around 13:00. Any suggestions on...

In a trend we have increasing volume on the dominant leg going into resistance, decreasing on the retrace going to support. In a lateral there is more of a symetrical PV relationship.

Thanks to those that gave answers. I wanted to comment on #3 and #4 and look a bit deeper at #3. 3. How does the price test R or S? There might be a difference in what is considered a test vs a BO; or a successful vs. unsuccessful test. A test being a return to a trendline (horizontal or...

Below is my view, which may or may not be correct. Someone else may see these from a different view or situation. I hope to bring those out. What do you think or see? 1. What is the difference between a retrace and a reversal? Lower volume on the retrace, increasing volume on the...

These questions were posed by Jack in another thread. Seemed like a good idea to go through them to make sure we have it down. Hope this spurs some good discussion. Here’s the original post: http://www.elitetrader.com/vb/showthread.php?s=&postid=1418429#post1418429 1. What is the...

I don't think there is any way of knowing, that would be predicting, but I was anticipating an up move or a new point 3 as we had a flat top pennant and were walking sideways. Not to confuse the issue, but for the few willing to try a different view: it's interesting to turn a chart upside...

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1417161> Ivo, The YM has a bit more info. I wasn't sold on the FTT, and this is a look more at the leaves. At #1, 15:16 YM bar, while it looks like an ftt, we have decreasing volume. It did pick up on the next bar, but looking...

Test post <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1415527> Worked great, thanks for starting this thread as I always had trouble getting the chart to show. Was using [ ] around the "img src" before. < > was the key. - EZ

That was really a great explaination. The decreasing volume after the FTT always threw me, 'cause increasing usually means continuation. So seeing decreasing volume was always a cause for concern. Not anymore. Decreasing then increasing. Regards - EZ

Cool, thx. There seems to be a little subjectivity at times, when to redraw or fan, or expand etc. So that's ok as long as we're keeping on the right side and in sync with the gaussians. - EZ

Spydertrader, I have the channels a bit different, and am looking for clarification. They seem to work out ok. Is there any reason why I shouldn't have drawn in the steeper blue channel (noted with 1,2,3), and then later adjusted for a slower pace at 13:50 and 14:40? I'm comparing to yours...

MAK, Looking forward to ramping up to the Forex part - better hours. So I'll hold you to it :D Regards - EZ