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Chart for today

Spydertrader, Welcome back. This is really a key point because, as you mentioned before, sometimes they diverge. At the transitions is where it matters most. Too much focus on it at other times will cause you to be looking for change when you shouldn't, losing focus on the big picture...

MAK, Actually I didn't want to go into the first 2 questions, they were just "yes" or "no". The third question was on gaussians in general, not the YM. Harmonics should be able to be seen on the ES. I thought they might be a clue to end effects/changes, as we move into slow pace or CCC...

MAK, Care to comment on my questions in this post? http://www.elitetrader.com/vb/showthread.php?s=&postid=1337858#post1337858

MAK, That was a great explaination. A lot of that makes sense but there still are some tough areas even on the slower fractal. At the risk of jumping ahead, this morning there were 2 pennants on the YM 2min where the cycle seemed to die until the breakout. It seems this tends to happens...

Mak and EstebanUno, Thanks for the clarity on the gaussians in laterals and slow pace. That is exactly what I was refering to above and finally have a definite anwer, instead of thinking I might be off on a tangent. Regards - EZ

As others have mentioned is depends on the software, generally it's close to close. Today I had a bar where both open and close were the same price and lower than the previous close. It is a black bar on my screen and should be red. So there will be minor differences here and there but don't...

nkhoi, Great gaussian graphics, it shows all the formations possible and was exactly what I was getting at regarding the B2B shift at a peak. The third formation is a B2B at the peak. Which suggests the trend has shifted from up to down as the next expected gaussian would be red rising...

Originally Jack taught this starting with indicators, but Spydertrader is taking a different approach with the ES futures here.

The trending sessions aren't a problem. It's about learning to read the gaussians properly. Knowing how to read the gaussians in these tough areas would help to clarify the interpretation of them, if someone in the know would care to comment. Hint . . . Hint . . . The stalls or congestion...

Todays chart. I didn't mark the FTT's, FBO's, etc. You can see the Gaussian areas that were tough. Going to a shorter time frame might have helped, but there was still no dominant direction.

Increasing Pro Rata Volume and decreasing PRV.

This is the 15 minute. The 30 minute actually looks better. Here you can see that I probably should have redrawn the yellow downtrend channel across the Wednesday and Friday peaks. If you always have a channel extended then there is always a context. All the channels aren't extended, just as...

The 60 minute showing a tighter view.

Here's the daily chart showing the long term channels and traverses.

I see what you mean regarding the #3point. Sometimes a full traverse and a FTT is in the old channel so you have a new one coming out before the BO. If the #3 forms outside the channel then you have had the BO and FBO. The older channels are extended as long as they're useful, IMO. I...

I can get confused when there are too many channels in play. I try to decide which channel is the most immediate and important, and stick to that one. If one uses the longer term channels and multiple channels all the time, it has the effect of making every PV reversal action an FTT. So I only...

Here's todays chart. On the gaussians I took more a of a forest view. Questions on the gaussians: On the ellipse there was low volume and didn't seem to be any dominant direction on volume. Are gaussians always there or only with higher volume/volatility? Is this where we get into...

Like your spreadsheet. It keeps track of the flip flops in the B and R during the bar. BTW, check your PM. Below is a link to Aurum's post with the PRV sheet and example of charting the PRV, the PRV drill. Use the sheet, start at the bottom and draw a line charting the volume increase...

Bi9foot, Thanks for posting the excel tool. Just having the instructions is a big help. I hope to eventually modify it for Qcharts as it seems no one has done that yet. Regards - EZ