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Db was voted Most Helpful Member by t2w members in 2005 and Most Valuable Contributor in 2006. Would you like a little whine with those sour grapes? :) LC

That's not exactly what I meant. No one is required to choose between db and hershey. One can incorporate elements of both. Or reject all of it and choose something else. Hershey's not the grail. Nobody is. LC

Don't know how dbphoenix got into this but (a) the thread you refer to is four years old. He doesn't do things now exactly as he did then. Who does? It's called "adaptation". (b) yes, a trendline is half a channel. So what? Channels are not the grail. They are at best an alternate means...

The eecummings school of posting. :)

I can't speak for anyone else, but all I know about you is what you post, and those are written by someone who has serious ego issues, just like Labos. The two of you may as well be two sides of the same coin. Both of you need to grow up and stop behaving like petulant children playing "I...

Labos? You've got to be kidding. Otherwise, I'd love to spend a day with ProfLogic . . . LC

And extraordinarily immature, it would seem, given his behavior on T2W. :) LC

Nice summary. Something else you may want to look at is overlaying a time grid on your chart, say 5m. It won't interfere with your volume bars, but you'll see how "time" expands and contracts, like an accordion. When volume expands, there will be many bars printed in five minutes. When it...

All of which is irrelevant to the original exchange. I read the book shortly after it was first published. So what? Whatever hypotheses one formulates or conclusions one draws depend on how one defines the "pattern" in the first place. Therefore, Bulkowski's figures are entirely dependent on his...

And you wonder why you didn't get any replies . . .

Check out http://groups.yahoo.com/group/DbPhoenix/

Perhaps because of the continuing problem of defining the pattern, much less defining "failure". For example, if the "double top" fails, then how is it a double top? LC

Too bad ET doesn't have a "good post" button like t2w. This should be framed and mounted by the beginner's monitor. LC

Not really interested in your setup per se, but in your question about volume levels and WRBs, etc. But then I don't have the time to pull teeth . . . :) LC

But my question has to do with your setup, not with someone's journal. In any case, let it go if you like. LC

This isn't a good illustration for your particular question because this isn't a W. It's a coil, beginning 15 months ago. If you buy at or around 8.6, you'll still be within the coil. If you don't put these "patterns" in context, then you're more likely to interpret them incorrectly. LC

My question, however, had to do with your setup, which was prompted by your original question. I use volume bars, so the issue of the relationship between price bars and volume bars is moot. LC

No, thanks. I'm interested in your thesis, but not enough to read an entire thread. :) Again, if your entry criteria don't require a given level of volume, then volume is irrelevant to the decision. If price and price level are the only criteria, then focus on that. LC

Don't know what you mean by low relative volume being a S/R/BO level. If you're trading by whatever S/R are provided by price without regard to whether volume is "high" or "low", then volume is largely irrelevant to your entry decision, as is the length of the price bar or the quantity of...

Depends in part on how you're defining "low". You can always zoom in to a smaller interval in order to find a trade, but if volume is that low, then how attractive is the trade? In other words, the WRBs may look tempting, but if there is insufficient volume, will they meet your entry criteria? LC