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This is actuallty an awesome drill. It clearly shows that every signal that one thought to be a change was later invalidated by the market. I just did that and it's incredible!!! :D Is there a drill that would help seeing it sooner?

Attached are multiple examples of Peak Volume and one example of simply increased volume. Differentiating based on the difference between the height of the last (third) volume bar in the three bar Gaussians Slope acceleration sequence and the second volume bar seems rather subjective. Is this a...

Yes, they started as Formations and became Movement after failure to BO. Thank you.

Clearly my answer was wrong.

It is also appears to me that in both cases market signaled Peak Volume before the signal that has been discussed (Lateral BO on increased volume with failure to provide more increasing volume on the next bar after BO)

:eek: Oops, I am sorry. I am meddling in other people business again. Apology. Won't happen again.

The market has already built two traverses: dominant and non-dominant (in the form of lateral). Now you have a BO of lateral on increasing volume followed by a bar that fails to provide more increasing volume - this signals change preceding the price movement from pt2 to pt3 of the new dominant...

See Spydertrader's post to you earlier.

I am not guessing. A clear difference exists in terms of VE in one and lack thereof in the other. EDIT: I forgot to mention the lack of pt3 either:)

LOL. I was studying the chart for that day on and off quite a few times trying to find the subtle differences that would suggest why a lateral movement should not be annotated there. :) Thank you for the lesson in independent thinking.

Yes, I believe this to be true. What makes it different is the fact that the pink traverse(thick peach circle) also started at its point 1. So you know you have a down trend and increased volume confirms it. Where that volume comes from is irrelevant and you don't need more red volume on the...

this is what I wrote: There are cases where a set of bars meets the minimum requirements outlined in (1) above, but we know a trend does not exist, because an old trend did not change. In order to answer your question you need to know two things: Where does the trend start? and Where does...

OK where is the old trend in your example

I know its a traverse I mess up the words sometimes cause Im used to saying channel all the time for anything that has parallel lines. Replace the channels in my question with traverses. In your post you said if the traverse fulfills all of definition 1(i.e. 3 separate bars for pts 1 2 and 3...

I regret posting those. Obviously I assumed that you have not seen them. In attempt to be helpful and supportive I missed the fact that your questions were directed specifically to Spydertrader and it is him you were looking to engage in conversation. To avoid any further embarrassment I shall...

Looking at your chart I can't see time, volume, date. So finding the bar that you're referring to presents a formidable challenge to anybody who is willing to take the time and respond. I can't see anything on that pic that would help me identify bar numbers or times. Did you put an arrow...

in case you missed it i typed all that with one finger because thats all that a nincompoop like you deserves

speak for yourself only you obviously have no clue what you're talking about and if anybody had any doubt about that, all they need to do is search the posts under your previous alias: rcanfiel you offer no substance your advice at all personal attacks are just a sign of who you really are...

Cool. I guess the :D victims of volume overreporting got stuck with "what wasn't that" on decreasing black volume 1455 eob (2155 eob your time)

:D How about that! Your data provider was kind enough to let you know that the trend has not changed by showing decreasing volume on 1440 eob (yours 2140 eob) on a bar that follows the formation BO on increased volume. So you knew that the FTT (peak volume) on 1420 eob (yours 2120 eob) is going...