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No. Point Three = 14:45 [close of] ES Bar. http://www.elitetrader.com/vb/showthread.php?s=&postid=1945124#post1945124

A Traverse (as I have stated earlier today) represents a 'small channel' or as we used to say, Tree level. A traverse is formed by 'tapes' which contain price as it moves between the points. A traverse has a Point One, Point Two and a Point Three. A traverse may form in both the dominant and...

Now, note how our current down traverse has provided increasing red Volume (unlike this morning's faulure to provide increasing black Volume). Note also, this current traverse has widen significantly. What does such an event tell us? - Spydertrader

Three ways exist. My post (which you quoted) does not refer to this topic I have answered for you. 1. Your question (quoted here) refers to Points. 2. My commentary (which you quoted) refers to traverses - and not how traverses are formed (points one, two and three). You have confused two...

And since the YM leads the ES? - Spydertrader

Re-read my post. I did not say the meaning you have attributed to my comments. - Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1945432> How did we know, well in advance, how the day needed to unfold? How did Romanus know to post in advance exactly how the down channel would form? The same thing repeats over and over again, every day, in every market...

Let's try to show more specifics - just in case context plays a role here. :D (all times eastern and [close of] YM Bar) 13:18 and 13:20 form a Pennant. What do we expect on a Pennant BO? Increasing Volume followed by more increasing Volume. We do we 'see' actually develop? 13:22 shows...

See 13:14 [close of] YM bar to note a subtle difference. Then walk through the sequences of 13:18 to 13:26 (all times Eastern and [close of] YM Bar) to note what transpired to make this slightly different than yesterday. What appeared to be a dip, changed. Note the sequences which told you this...

Correct. - Spydertrader

So we just witnessed Point Three down followed by Lateral Movement, followed by another Point Three down. Sound familiar? - Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1945231> Final Traverse left in place for educational purposes. Edit: Please see the YM 12:32 [close of] bar for why we expected Increasing Volume on the 12:35 [close of] ES bar.

Correct. FYI. bundlemaker described this very thing in his video. None of this stuff is new. - Spydertrader

Correct. Just as letters build words, and words build sentences, so too, do tapes build traverses and traverses build channels. - Spydertrader

Discounting the 'chubby tape' for a moment, we have three ways to draw our 'trends': A Tape, A Traverse and A Channel. Tapes build Traverses and Traverses Build Chanels. How many 'tapes' do you need to know you have a Traverse? How many traverses do you need to know you have a channel? As...

OK. First off. Thanks for the kind words everyone, but really, this isn't about my trade, so lets keep the focus exactly where it needs to be - on 'seeing' the signals provided by the market. First thing everyone needs to do is draw a nice big lateral starting at 12:50 [close of] ES bar...

I too have no plans to continue with the acerbic posts towards you in the future. Thanks for the comments. - Spydertrader

Nkhoi 2 posts per day Shapeshifter 41 posts per day ROFLMAO!!

Just as a reminder, Nicepair111 posted an automated culler for Equities. It's located over in the software thread. Download your copy today. - Spydertrader

Maybe you should pick another metric besides brand of shoes worn to determine whether or not someone can trade. You obviously aren't having much success with your current evaluation technique. We'll see what type of character you have by your response. <img...