Here is a critique of your annotated post
Technical Strategy
- Thread starter Tums
- Start date
Thanks, Ezzy.
For some reason, I read it as:
HOW WOULD I - R, I - B, D -R and D -B grab your mind as something like the notes C, D, E and F?
Thought T=trough volume, but hadn't heard this mentioned on the JH futures thread.
Volume (continued)
- I - R = Increasing Red = this refers to the successively increasing red volume bars which occur after a bounce from the RTL on a "short" trend
- D - R = Decreasing Red = this refers to the successively decreasing red volume bars which occur after a bounce from the LTL on a "long" trend
- I - B = Increasing Black = this refers to the successively increasing black volume bars which occur after a bounce from the RTL on a "long" tred
- D-B = Decreasing Black = this refers to the successively decreasing black volume bars which occur after a bounce from the LTL of a "short" trend
- T = Trough = this signals the lowest volume level; a volume breakout will precede a price breakout
Amendment...
- I - R = Increasing Red = this refers to the successively increasing red volume bars which occur after a bounce from the RTL on a "short" trend AND after the initiation of a new "short" trend
- I - B = Increasing Black = this refers to the successively increasing black volume bars which occur after a bounce from the RTL on a "long" tred AND after the initiation of a new "long" trend
I think Jack's referring to the two laterals which don't show up clearly in the critiqued version of the chart. I'll be sure to use a stronger colour for the laterals in future.
FWIW, I read this as the market catching it's breath after each volatility expansion of the channel and steep dominant traverse.
Revised list of Price and Volume terms:
Volume
Price
Volume
- R2B - This symbol means two things: A bounce off a LTL on a "short" channel and a bounce off a RTL on a "long" channel
- B2R - This symbol means two things: A bounce off a LTL on a "long" channel and a bounce off a RTL on a "short" channel
- R2R - This symbol marks the overlap between the end of a "long" channel and the start of a "short" channel
- B2B - This symbol marks the overlap between the end of a "short" channel and the start of a "long" channel
- I - R = Increasing Red = this refers to the successively increasing red volume bars which occur after a bounce from the RTL on a "short" trend AND after the initiation of a new "short" trend
- D - R = Decreasing Red = this refers to the successively decreasing red volume bars which occur after a bounce from the LTL on a "long" trend
- I - B = Increasing Black = this refers to the successively increasing black volume bars which occur after a bounce from the RTL on a "long" tred AND after the initiation of a new "long" trend
- D-B = Decreasing Black = this refers to the successively decreasing black volume bars which occur after a bounce from the LTL of a "short" trend
- P - Peak volume: this symbol refers to the last big surge of volume of a price move; price is unsustainable at this level.
- T - Trough - this signals the lowest volume level; a volume breakout will precede a price breakout
Price
- L - Long - price making a higher high
- S - Short - price making a lower low
- FTT - Failure To Traverse - Price bouncing off the Right Trend Line but failing to reach the Left Trend Line.
- INT - Internal - Price moving horizontally as the market pauses for breath. Internal formations consist of pennants (aka triangles) [symmetrical, flat-top, flat-bottom] and laterals
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