I feel that knowing (having heard of) Gaussians, B2B2R2B, R2R2B2R, etc. interferes too much in assigning (correct) names to volume bars. Here an example for bar 76...
Here is a question about a lateral (bars 66-72) that Jack mentioned in his reply. Even with best will, imagination and de-gaping those bars I would never get a lateral formation (= at least two bars which are in the shadow of the first bar). I could however see it as a lateral movement. Is it...
Digesting your corrections. Thanks for that.
I (think) I understand why you would/could (theoretically) assign a P1 Volume to it. But... if I only look at the volume of bar 76 compared to the previous two bars then according to the rules I would have to assign a T1. There was no P2 yet...
Looking at the first bars...
1. Market opens you enter long.
2. On the same bar (1) you reverse short?
3. On the open of bar two you reverse long?
...going on the same strange way for the next bars.
:eek: :eek: :confused: :confused:
Something is wrong again. Please have a look.
Just to be sure I understood it correctly... on the open you are short and then reverse long on bar 6, short 17, long 19, etc.?
If that is correct, then on my chart it looks like pretty crappy trades. Could you please double check?
Thanks.
My brain seems to need visuals for your words that's why I try to translate what you write into something my brain understands.
"...never having a T1..." Do you have a graphic/chart showing this?
Or at least bar numbers where between a P1 and P2 there was no T1? Then I will add it in my...
Would be interesting to hear your reasoning for those trades.
It looks like some of them would be wash trades because they violated the green book marks. How did you know that you can still stay in those trades and not reverse when the bookmarks were violated?
Just a comment...
This is an important observation. Our strokes/lines/channels should NOT look similar. They should look the SAME! As long as we look at the same chart/data.
A lot of charts from the past looked to me like they had the lines drawn pretty arbitrarily (especially gaussian)...
Fractals/channels nest and trends overlap. True.
That's why entering at the beginning of the day and from there on only continuously reversing at the beginning of the next trend makes more sense than entry-exit trading.
But how do you know that you didn't (unintentionally) jump fractals...
The only thing I knew was that I had to "x"-out the first volume bars because they are part of a lateral.
The next thing I remembered was that outside bars "reset the sequence". Therefore I started a P1 on the first OB. But then there was another OB.
The last bar looks like a potential T1...