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Just a follow up to my post above to explain my thought process during that period of time. After 14:35 was done I anticipated a lateral traverse followed by a down traverse to give us a down channel. Once the next two bars closed, I was pretty confident of the lateral traverse...

Spyder, In the attached snip you posted No Trades in this fractal. Is it because we did not get a traverse signal for change at 14:35 after completing sequence. (5 mins bars only) <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=2104591">

Yes I agree. However what bothers me is 11:10 made a lower low than than what we considered the point 1 bar (10:50). (i.e If we started an up sequence I wouldn't expect a lower low than we the point 1) So I am trying to see if we missed something.

David, Would you mind going over how you completed your sequences in the am. Especially why you ignored the 1st IBGS on increasing volume (seq not complete). I completed my seq earlier (as shown in my chart).

Looking for a pt 3 down

Continuation of morning chart

What you mention are reasons for increase in volume in the opposite color of the dominant trend. I don't see how we can ignore 2 consecutive increasing red bars in the dominant direction.

Here is my chart so far.

11:15 was an outside bar and 13:15 is an IF1. Those are the reasons why I kept my laterals going.

Spyder, Any reason why you did not kill your first lateral movement on the 10:05 (close of) IBGS on increasing volume?

drill 2

drill 1

If you have definitely determined 11:55 is change then by all means continue. However before you do consider these questions (applied to a decreasing vol bar occurring after an increasing vol bar): 1) When you have a decreasing volume bar what is your expectation for bar volatility? What...

David I believe you trying to solve the wrong problem. Have you established that 11:55 is definitely change? I haven't seen anyone one attempt to answer the question spydertrader posed to treeline based on the exact scenario and context being discussed until I posted my answer (my...

Context being discussed is a decreased volume bar with increased volatility occurring after an increasing volume bar. Price closing outside previous bar is continuation and price closing inside previous bar is change. (Thinking in terms of two negatives giving a positive outcome)

I was thinking along the same lines as well after looking at the bars. However there is another difference between the two bars I noticed in real time as the bars were forming that I will add to the discussion. 11:55 started as a flaw bar with really low prv and the prv picked up at the...

David, I am scratching my head after reading your post and how you reached your conclusions. If you had a point 1 at 11:00am, that must have been a traverse level signal for change and 11:40 would be your point 3. So how can you say that 11:40 is your traverse level change. Until about...

Sorry. I saw your chart colored it black and (should have been red if lower low - which is what I had) that is why I thought maybe you had a FBP Yes I am still trying to figure this out. I didn't mean to say that the FBP would have made it a traverse. I am still trying to figure it out...

Here is my chart for the day (apologize for the missing text annotations, I somehow managed to lose them trying to tweak my scripts) I have highlighted how I viewed in real time the area being discussed. I am still not sure how we completed the down sequence however I will investigate a...

Nice job Ivo.