Search results

I think one can anticipate a channel forming. After two traverses, dom and non-dom, WMCN is a 2nd dom traverse, which completes a channel. I just don't think one can anticipate a channel forming based on an accelerated traverse. On unrelated note, I 'see' some similarities between yesterday...

I don't think one can anticipate anything other than another traverse after the first blue accelerated traverse. Here's an example I was referring to in my previous post: http://www.elitetrader.com/vb/showthread.php?s=&postid=1995057#post1995057...

How does one know that the channel is forming at 11:15 ? I have seen accelerated traverses followed by channel in an opposite direction.

Depending on whether or not Traverse Level trades include non-dominant traverses - I think the signal to reverse short at 11:15 was at pt2 of the green up channel. However, at that point in time that first blue traverse of the day could have been just an accelerated traverse. The green channel...

Thank you very much. I have found the charts you posted in the past few months enormously helpful for these specific purposes.

After investing a considerable amount of effort I have found an overwhelming evidence that price movements in the ES and YM are not random, and that the market moves in sequences. This constitutes a sufficient proof for me that Jack Hershey's view of Price Volume relationship accurately...

The MODE of the market is a binary variable: change or continuation. The continuation mode is also binary variable: continuation short (hold short) or continuation long (hold long). All the variables above are resolution dependent (their value depends on trading fractal) HTH

No probing, no argument, no ulterior motives. Two simple questions: where to exit and an example of decreasing red 1-2-3 formation. No need for drama.

When you have a chance - could you elaborate on what do you mean by decreasing red 1-2-3 formation. Could you perhaps point the times and dates for examples. Thank you.

Would you be so kind and share how do you determine where to exit.

I think you are correct. I was attempting to compare apples to auto parts by failing to differentiate between Dominant and Non-Dominant Price Movement. This morning was a text-book Lateral BO causing Pace Acceleration, after which one expects market to move laterally in an effort to create an...

Yes, the 11:40 [close of] Bar does break out on increasing black Volume. I did not think (past tense) it meets the definition of a BO/FBO of a formation because that bar breaks out of Lateral Movement, which I thought to be different from Lateral Formation. That series of bars is also...

The words “Formation BO” are highlighted in red. The only bar that meets that definition is 11:20 [close of] that breaks the formation boundary on increasing red volume. This suggests that red is non-dominant at that point in time since there was no change in dominance. It looks to me that...

Prior to your responce, while operating under possibly mistaken assumption what constitutes a 'valid' increasing volume in dominant portion of the traverse, I thought that 11:40 [close of] increasing black volume bar, marked with red arrow in the attached, was the first 'valid' (for the lack of...

Thank you. :) I am not sure what you mean here, so I'll just think about that comment for a while. I expect the answer will come to me sooner or later just like it did before.:D the 'three times' one can 'see' increasing volume when Price moves in a non-dominant direction (Right trend line...

Thank you for the chart. Prior to seeing it, I annotated the first Lateral Movement of the day in a different fashion. That caused me to believe that the sequence for an up traverse was not completed until 11:40 [close of] when first increasing black volume appears which is not one of the...

Thank you for your help.

While I am not completely sure what signal does the Outside Bar 13:45 [close of] represent, the next one, IBGS on increasing black volume 13:50 [close of] changes the mode to short.

I apologize for the confusion. I meant 13:55 [close of] bar which is an increasing red volume (with blue letter P) Bar (which isn't an Outside Bar). I am referring to the chart you posted. Sorry for the typo.

Spydertrader, if you'd be so kind. You annotated red down traverse beginning with pt1 on 13:00 [close of] bar (lateral movement FBO). Am I correct in assuming that (1) sequence that started with pink pt1 on 12:05 [close of] Bar was not completed on 13:15 [close of] Bar that is marked with...