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I agree that it is easy to get drawn in and find yourself having to do unpleasant acrobatics to get out of the cul de sac. There's a great movie, "Pan's Labyrinth" that comes to mind when dealing with these things. Good point about the day after the 'big party'. lj

By the looks of things you and Neoxx have pretty much the same trace. Neither of you carried over the stuff from the prior day snd as I've said before that is a choice that each of us makes and it doesn't make much sense to argue that one is better than the other. Importantly everyone ends up...

Guess du jour. The solid thick green line is the fanned upchannel RTL and its interaction with price (R2R @ 1:40 PM) is appropriate. The dashed blue thick line to the left is the unfanned RTL from yesterday. P1 for the new downtrend is at 1:30 PM with the initiating traverse then changing to...

The chart shows how the market dealt with the inversion of the downchannel/traverse RTL's by simply gapping above it. This is different from what happened on 3-6-09 but the pre-open contexts are quite dissimilar. Chasing the gap up permits the new upchannel RTL to reflect the acceleration...

This is a quality post from a quality guy. Take heed Scott, of his sound advice based on his selective reading, or more probably unintentional retention, of what you had to say in your most recent update. It's Saturday morning and life will be better in America becuase of what you are...

Thanks for answering my questions ticktrade. Vindication abounds. Have a good weekend. lj

My guess is that your sequence repeat signal was the 16:00 bar and that is where I erred. I agree completely about waiting for a tape break before jumping in and as well watching for increasing PV to confirm the reversal. I am presuming SC = SOC = change signal and then are you saying that...

FWIW, IMO, ticktrade, as long as you are not preaching heresy or ranting gibberish (and I don't believe you are doing either) then I have zero problem with your particular annotative style because you actually explain yourself instead of requiring me to think like you in order to figure out WTF...

I agree nkhoi that we are still in a downtraverse for the 5 min ES. lj

Clearly this is NOT correct. We gapped up and then made a new low compared to yesterday's low. Again, this is OE week so shite happens. I still use laterals and again as Spyder has said, when he used laterals, the market will tell you whether or not you should or shouldn't have used one...

I agree that your way is another way of dealing with the ^%*$^ gap. lj

So, FWIW, IMO, once the deekout high is removed from consideration, then the "real P2" is at 10:15 and the rest of the day is quite straightforward. The 16:00 bar showed completion and a change signal, so I think we are at the start of a new uptraverse in a new uptrend. The RTL passes through...

I'm back, having received a flash of insight from the January muse (a K.I.S.S. from callmate). If one disregards the prior day's RTH high violation by ES, not YM, as OE week games, then what is left with is to decide whether the opening IBGS 'counts' as rising red volume. If it does then...

I meant to say , "That's right nkhoi". lj

That's nkhoi. That's about how my brain felt when I first looked at the damn breach. I do see what you are saying though and will elaborate further, no doubt to the delight of all. lj

I hear what you are saying Brother Black. Loudly and clearly. lj

I see what you are saying Mr. B. but you do what you do every day which is to basically ignore what happened the previous day. You start the day 'fresh' and construct your tapes and traverses based on what is happening today. I am NOT criticizing what you do in any way. You make money...

I know that OE week is a favorite time for games, especially with ES. YM, IMO, appears to stick to the rule book. Could you please explain what you mean by your statement nkhoi. TIA lj

IMO, one of the most frustrating things to deal with is when the PFC you thought you had in hand blows up the next AM. It sets a crappy tone to start the day off and invariably affects how you trade. My PFC was incorrect as was Gregor's. Who cares. What messed with my brain this AM was ES...

I don't know what we are doing chartsy-baby but I'm looking for a P2 down - a real P2 down. Let's see what the AM brings and why won't you post your version of the traverse change signals? You gotta learn to chare, man. lj