Sometimes it's so frustrating to feel extremely close to an answer and yet not being able to articulate it or have an AHA!
I'd like to try one more time before retreating to my cave to do another set of annotation drills.
Pennant Break Out FBO, Peak Volume or Decreased Volatility on Increased Volume (to name a few), and specifically Lateral Movement on Increased Volume in the case of blue up traverse 07-22-08 (11:30 eob) are the signals market shows as the Price travels from pt1 to pt2 to pt3 of the Traverse and within the Traverse between its RTL and LTL. Or, at least this is what I am seeing on the charts.
Following this logic I would place all those signals in the set called: âalways occuring on the Traverse Levelâ
The process of elimination would leave the Jokari Window as representing a 'Tape' Level signal for change.
But what is the 'Tape' Level signal for change? Does it mean that after this type of signal the tape will BO and another Tape in an opposite direction will form?
Your responce leads me to believe that the answer lies deeper than the sequence of pt3, flaw/VE, FTT. Any hint would be greatly appreciated.
I'd like to try one more time before retreating to my cave to do another set of annotation drills.
Don't laugh, but I am having trouble understanding what you mean by change occuring on the Traverse Level.
Pennant Break Out FBO, Peak Volume or Decreased Volatility on Increased Volume (to name a few), and specifically Lateral Movement on Increased Volume in the case of blue up traverse 07-22-08 (11:30 eob) are the signals market shows as the Price travels from pt1 to pt2 to pt3 of the Traverse and within the Traverse between its RTL and LTL. Or, at least this is what I am seeing on the charts.
Following this logic I would place all those signals in the set called: âalways occuring on the Traverse Levelâ
The process of elimination would leave the Jokari Window as representing a 'Tape' Level signal for change.
But what is the 'Tape' Level signal for change? Does it mean that after this type of signal the tape will BO and another Tape in an opposite direction will form?
To end the current traverse another traverse must form in an opposite direction, which can materialize in only two ways sequentially: with [an FTT as pt1] or [VE(LTL touch) as pt1, FTT as pt3]. In both cases an FTT is involved, therefore I monitor for an FTT of the Traverse.
I honestly donât get that part. However, this:
- Once increasing Volume confirms the Point Three channel, the trader then looks for a Flaw / Formation / VE to materialize prior to repeating the above process.
- the sequences of events ("Do I have a flaw or VE yet?) which unfold in most traverses
- Since we have change prior to either a Volatility Expansion and / or a Flaw, and since we (more often than not) need a VE or Flaw before we start to think 'FTT' then what we must have before us isâ¦
- The longer a channel remains intact (without a RTL break) the more likely we expect to see the sequence of Point Three, VE / Flaw, FTT materialize.
- Review and count up the traverses where an FTT happened without a flaw or VE and compare that number to the traverses where FTT followed a flaw or VE. Once mastered you will be able to see what the market is telling us.
- Until the â¦, we have only the fact that we have not seen a flaw or VE since the pt3 to prevent us from concluding FTT
- Pre-conditions that make FTT way more likely: VE + flaws
Your responce leads me to believe that the answer lies deeper than the sequence of pt3, flaw/VE, FTT. Any hint would be greatly appreciated.
