Quote from ammo:
i guess that came off as an insult jack, but in 5 yrs i have tried to garner a little wisdom from your input,it's always in a foreign language , i give up,sorry for being rude
I have resisted switching to a CW glossary.
Were I to do that, I feel it would be Misleading to those using CW to stay in CW thinking and operating.
This thread began with a chart of the DJ. Several arbitray points were chosen to connect line segments (this is a reference to CW points). Next the line segments were given meaning. Next this meaning was deemed to be valuable for predicting.
As far as I am concerned, CW is used in all markets by the vast majority of participants. To use Harris' CW terminology, I am a parasitic front running trader of CW type traders.
A very popular CW type trading is called BO of the RTL. CW traders draw lines of all sorts (see first post). There were no RTL's related to the end of the Bull market. A sub fractal Bull/Bear RTL was showing in green.
The second post of the thread asked for info on a forex pair.
In CW'ese in may have been established that both markets have sufficient characteristics to be dicussed concurrently.
I commented on the last bar of a graphic of a forex pair. It, in CW'ese, was a bar extenting a trend as a "new" low sentiment bar (In CW it had a lower high AND a lower low, relatively speaking)
The Vo and Ov matricies aside (since they are not CW and they have a common volume dimension), you may see that the OV becomes a limiting constant and following achieving that, the last bar continues to increase in Vo.
If the Ov reaches a limiting constant volume, then Vo's of the last two bars may be compared. The comparison is in a "direct" relationship with their relative volume. As a note the opposite of direct is "inverse".
To further your understanding, and from a CW viewpoint, look at all the bars where the last bar Ov doesn't become a limiting constant. This means there is no new information added to further define any trend activity in CW'ese.
In trend monitoring and analysis (not in CW) bar by bar analysis is different than trend following.
Trend following in CW may just focus on lagging events like BO's of RTL's. Contrarily (not in CW), trend monitoring and analysis focuses on the opposite of reaction. The ooposite of reaction is sometimes declared to be "anticipation".
Anticipation is advantageous relative to reaction only
By switching to leading indicators of price, a person can follow continuation, change and neither. This is three items. Three items may be recognized as a finer cut than just the CW "reaction" orientation.
In forex, the "stand in" introduces the ability to discern things "between" the three items. Put the three items on a sheet as points forming an equilateral triangle. The sides of the triangle are "betweens".
Now then, CW does not have names for all of these 6 items.
I hope you have discovered the "neither", Further, I hope you delve into where it fits in making money.
In hiking, a person can cross valleys and ridges. One of the nice things about surmounting a ridge is that, often, you can see quite a distance ahead; you may be able to see the mountain top you are hiking through valleys and ridges to reach
Anticipation is attained by making measures when an opportunity permits.
In CW, PA traders trade most markets the same way without differentiation. Those who do trading with all the variables of the market use a lot of "in between" measures.
My post was a commentary about using some price variables as a "stand in" for volume. But Non CW, V/P trading always involves Vo and Ov as variables.
Are you smoking crack?