Iterative Refinement

[bi9foot]

Quote from bi9foot:

Here is a short position I took in the morning. Need increasing red volume to take us out of the lateral.

Exited position for 1% gain. Did not get the increasing red volume I was expecting.

 

[innersky]

Question about change, see attached chart from Spydertrader.

I added 4 blue vertical lines on the chart, each one of them represents decreasing black volume. The first 3 represent clearly change. But, the 4th line does not mean change.
Why?
Is it because the price bar is a pennant? Or mayby because of the different volume pattern that is preceding this bar?



--
innersky

 

[Avi 8]

Quote from innersky:

...the 4th line does not mean change...

Yes it does, and it did.

 

[innersky]

Quote from Avi 8:

Yes it does, and it did.

only for one bar (the pennant) is change? Anyway, the correct action is hold long I presume?


--
innersky

 

[Avi 8]

Quote from innersky:

only for one bar (the pennant) is change? ...

What happened on the bar following the fourth one shaded?

Did it show as continuation or change?

And then what happened next?

 

[innersky]

Quote from Avi 8:

What happened on the bar following the fourth one shaded?

Did it show as continuation or change?

And then what happened next?

IBGS and increasing volume (meaning change), but then we have change again with a bar that has double the volatility with half the volume...

 

[romanus]

Quote from innersky:

...but then we have change again with a bar that has double the volatility with half the volume...

Jokari Window (P/V relationship) does not specify how long the change will last

 

[Avi 8]

Quote from innersky:

...but then we have change again with a bar that has double the volatility with half the volume...

Is it change or continuation?

Half the volume eh? What is the context and how is it different than the other three highlighted bars?

 

[innersky]

Quote from Avi 8:

Is it change or continuation?

Half the volume eh? What is the context and how is it different than the other three highlighted bars?

ok ok it's a flaw and we all know a flaw is usually followed by an ftt

Thank you for helping me see what I already know Avi 8

--
innersky

 

[tobbe]

ES chart for today. I found most of the 'M' difficult and frustrating today. So now I hope this day was exceptional in some way that I don't understand yet .