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There must be at least three traverses to form a channel; however, there is no upper limit. As long as PA is in action, the channel will be maintained. M.

IMO, 13:35 is P2 of the up traverse and there is LM from 13:35 to 14:05. LM FBO at 14:05 forms P3.

Three up channels are broken, but the super up channel is not broken yet. To hold through all the laterals between 10:35 and 13:40 is not easy.:) Comments are welcome.

Thanks Palinuro. After reviewing Guava's chart, I can see you guys annotated a big LM. Should we have LM at the end of traverse and beginnning of another one? Is the last red bar IRV FBO within LM kills it? TIA

I think you are right. Bar 15:20 and 15:35 IBVs are pennant BOs. B2B cannot be confirmed. Could you please explain why 11:55 bar is p2?

13:40 bar is DU and 13:45 is PA. The following pink traverse has 13:45 - p1, 14:00 - p2 and 15:05 - p3. 14:00 bar confirms B2B and 15:05 and 15:10 return to DOM. I am not sure if my analysis is correct. Please correct me if I am wrong. TIA

I can count all sequence within it. That's why I think it's 5 min traverse. Guava? IMO, if it closes above previous bar on DBV, then is JW signal.

IMO, the 15:35 bar confirms B2B, however, one might consider it as unknown due to FTP breakout. This is the area that I am confused most of time. 12:20 SOC makes perfect sense due to lack of change on 11:55 bar. I am not sure if 11:55 bar is p2 because I think 11:05 shows IBV and it...

I don't think the green channel is valid. There is only a non-dom up traverse in the Red down channel. I might be wrong though.

Here is my analysis for today. Comments are welcome. The market completed p2 to p3 move at 10:20 and the first down traverse (started at 15:05 yesterday) by 10:55. The third DOM traverse started at 11:55 with p2 at 13:00 and p3 at 13:35. I think 13:45 is PA so we have accelerated...

Here is my view of today. I only annotated 5 minutes traverses and channels. IMO, the up channel was completed and the first down traverse is still moving from p2 to p3. Comments are welcome. Thanks.

In reviewing the journal, I am confused with the chart dated 2008-01-07. I think all 1/2/3 traverses are fast fractal traverses. Can Spydertrader or anybody help to clarify it? Thanks and Happy Holiday.

This is how I see the sequences of the down channel.

Thanks Spyder and Mr Black for the direction and explanation. Now I know I need to wait until the domino start falling before taking action. I am going to review all peak volumes discussed here this weekend to make sure the concept and the context sink in. As I understand, the journey is all...

I have pointed out all peak volumes in today's chart. Can anyone shed some light on why the first and the third one failed? Thanks.

Hi Spyder, Thanks for posting your chart. It greatly helped me to evaluate my work for today. I am wondering if you can elaborate why you pick up the bar I marked on your chart as pt1 for the pink down channel. I have recycled your previous down channel pt1 and fanned to your pink channel...

Padawan, Thanks for your comments. I realized that I missed the lateral formations and a couple of channels which help me to anticipate BOs. Matching Gaussian peaks and troughs to channel peaks and troughs makes perfect sense, although volume bars might not be at the peak. I think this...

Being a lurker on this and other Jack and Spyder's threads for a while, I am amazed and inspired by their work and dedication. What I've learned are not only trading skills but also thinking process. This is a true miracle!!! Thank you everyone who contributes in those JH threads!!! Attached...