Steep slopes tend to be short-lived, often with price turning on a dime and reversing just as fast and sometimes even faster. Steep slopes + shallow retrace signify DOM and sign of trend. Next bar tend to touch or break steep slopes, while shallow slopes tend to be more respected even if touched, and can become steep slopes in further bars.
1) Accellerate (even steeper slope) or absorption (last leg)
2) Decellerate, pulling back or start of reversal (FTT)
3) more chance of BO accompanied by volume spike in direction of BO (new opposing trend)
So using shallow slope with trend on low volume can be used to enhance FS or even tighten stop-loss in non-DOM Lateral.
Traversal can be drawn from last BO to next bar on rising volume, however if FBO is respected, then that can form a new P3 for analysis sake?
As a point of clarity, am appreciative of the contrast provided by svrz, tiddlywinks and Heroic. I have much respect, appreciation and gratitude for their prior work.
Their comments do point to something other than what has been explicitly expressed. The work that you are doing builds perception and if applied through consistent practice in turn builds confidence. The method is accurate and exact in it's systemic operation. Any conclusion other than that has the seed of doubt based on an incomplete dataset. The incompletion is not due to any aspects of the method.
It's within.
There is a wellspring, an inner guidance that is available to anyone. It's always here.
The role of doubt is to mask this inner source of guidance. Doubt's function is to slow one down. Doubt when left unchecked is paralyzing when timely action is required.
This in turn will exclude one from having consistent and lasting success in any endeavor one feels inspired to create. We are the creators of our own reality. We have free will to choose how we feel in the face of any and all circumstances.
Happy people with no money.
Unhappy people with lot's of money.
Unhappy people with no money.
Happy people with lot's of money.
Thinking the money is the cause of their happiness is looking for something outside themselves. It can be the cause in some contexts but not all.
There is always a greater understanding to achieve, at the cost of a prior (what can now be seen as a limiting) belief.
What someone else has achieved or not with these methods is solely within one's own sphere of influence. Any other thinking is victim mentality.
There is no cure for doubt.
There is only shifting one's focus to increasing confidence.
When one says that feelings don't matter. Ok, you get to wake up on the wrong side of bed randomly and to decreased wellbeing with no influence in the matter.
Feelings do matter.
Every exceptional moment of one's life has a feeling associated with it.
It is the basis of a living a loving life.
Back to Failsafes.
Let's go back to the ten cases and look at the Sym. Depending on how large the 2nd bar is compared to the 1st will determine the slope of the respective RTL's. The pair is enclosed with the lateral boundaries thus forming a container. This container has 2 independent and opposing FS pairs within it. We see which becomes Dominant as we move up to XB or down to XR. This now valid RTL is the early bird FS of the horizontal lateral FS. Early bird FS's are when price XO this RTL line. In lateral formations this will happen quite frequently.
However when we are in a Dominant traverse the only place this (XO of RTL) occurs is at the end of the first Dominant leg of the traverse. We will also notice this XO happens on decreasing volume. Thus Break Out on Trough 1 has come into view.
This is the first trough after a single peak in volume or a series of successively peaking volume bars.
This is the end of the lowest risk trade.
Price can and frequently takes off with more XB's or XR's. We are working bar-by-bar. The RTL gets an increased slope due to the increased pace. Our FS adjusts for this. We move our pair of FS up Bar-by-bar as need arises. The pair now refers to a RTL and the horizontal line that intersects at pt1. This horizontal line (lateral boundary opposite of price direction) in known as a Bookmark. BM being one of the two types of FS's. A BM frequently is placed near the apex of a turn. It's our hard stop or reversal point depending on the type of trader one is - Enter/Exit or Hold/Reverse.
The end of this particular Dominant traverse is always the XO of the RTL. This move can be a single leg of a larger Dominant traverse. This can be a single bar of pause or a lateral before the larger Dominant Traverse presents itself. It doesn't matter. We are bar-by-bar working faster fractal containers first, identifying Dom and non-Dom.
The cost to frequently adjusting to be on the right side of the market does come with a cost. The psychological cost is that one isn't doing something right. That's an inaccurate assessment. We are perceiving the precise flow of Dominance and non-Dominance in the market at this resolution with the current tools at our disposal.
This BO can also happen on incr vol and we have defined that as a C-turn.
At every moment there is the right side of the market. Adjust the mental frame of your annotations and logging so that this is your home.
![[7-14] NQ.png](/et/data/attachments/157/157683-6cddad0272d51b40d4eace1c81c73f07.jpg?hash=bN2tAnLVG0){kind=small}
