Iterative Refinement

Quote from northchuck1:

..I'm cornfused the way you've drawn them...
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I hate fusing corn!

But anyway, is it possible to have price decrease on increasing volume right after a B2B?
 
Quote from Avi 8:

I hate fusing corn!

But anyway, is it possible to have price decrease on increasing volume right after a B2B?
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So you went B2B, followed by R2R ? The extra bold line confused me.

Edit. R2R
 
Quote from Avi 8:

I hate fusing corn!

But anyway, is it possible to have price decrease on increasing volume right after a B2B?
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Doesn't fit in my pea brain. 11:05 bar is incr. black.

So I see decr. black, incr. black, decr. red, inc. black.

B2B, R2B ???
 
globexshort.png
 
Quote from northchuck1:

Sounds reasonable. But seems the 11:05 bar is just a failed BO to me. Coming back inside the channel. Not at RTL, not at LTL, no inside formation. Why permission to go to YM ?
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note that 11:05 spent over 3 minutes as a Forming Pennant which requires using the YM for signals during this period.
 
Quote from northchuck1:

Actually I've been comparing my pathetic channels to the charts you've been posting.
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I am very happy to offer a different view for you and anyone else, but please keep in mind I am still learning the method which includes drawing correct channels and Gaussians. Therefore my ranting and scribblings are by no means comprehensive or definitive :p.

The discussions, however, are most useful in illuminating my errors and shortcomings in relation to the method so keep questioning so we can both learn :D .
 
Quote from Avi 8:

Notice Gman's chart posted on Fri. I added the fanned RTLs due to the inc red telling us we are still in a downtrend. AND at the same time we have a new channel UP. Two more FTTs show up because of these fanned RTLs.

Aha! No 'eeks', just the market 'telling' us to check our channels. Are they drawn correctly? The gaussians will tell you. I revised the gau to show incr red - dec red TO inc blk, which 'happens' to correspond to the BO of the 'fanned' RTL.
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At the risk of sounding overly self indignant, this oversight is inexcusable. In reviewing the Price action for my response to Northchuck I found the period discussed difficult to analyze and annotate but didn't bother trying to see it from a different point of view.

Thanks once again Mike.
 
Quote from northchuck1:

Doesn't fit in my pea brain. 11:05 bar is incr. black.

So I see decr. black, incr. black, decr. red, inc. black.

B2B, R2B ???
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Okay, so there was no B2B. Just B to incr. red of the fanned channel. Then decr. black to incr. red of the second fanned channel, followed by decr. red of the second FTT, then incr. black leaving the channel, R2B.
 
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