Quote from makosgu:
I see it this way too... The clincher there is the "SPIKE" of that bar. If we think about this, and I do alot of this, there is a sequence. Jack goes on ad naseum about sequences, oh dear, my head hurts. HOWEVER, accepting that there are sequences keeps only the essential elements to focus on at all times. For example, if you are near a RTL, you have the BO/FBO characteristics dominating your sweep. This way, a FLAW is something that is contrary to the dominant mode (BO or FBO). If the TRAVERSE is under way, I am specifically sweeping for 2 flaws, the FTT and for INCREASING V AGAINST THE TRAVERSE. Why these 2 FLAWS, because they are the money closers saying that the money making period has ended for the current direction and begun in a new direction. This is part of what I mean by BO being very different than FBO. FOR ME, a BO is CONTINUATION having caught the FTT. If I didn't, it is a CHANGE signal as is an FBO.
In your picture, I see the "SPIKE" which is after a 2 pair and after running into the wall. I see the intrabar black because I also see the "SPIKE". But that's just me. Again, even if I am upside down, I use my RTL BEFORE THE FACT, not AFTER the fact as some folks seam to have. What I mean is the point of having the right side of the screen blank is so that you extend your trendlines BEFORE the new bar is in place. This is what gives context to whats happening now. SOmeone, a day or two or go posted 2 charts where the annotations were more than 45 MINS behind the current action....
MAK
