It is a tape indeed. Marked thin black on the attached, this tape is created using two bars: 1250 [close of] and 1255 [close of]. This tape grows...
Sorry, this is embarrassing. I am going to start drawing trend lines manually. Obviously, since there is no channel, the price does not BO on...
The sequences is the area where I find myself still wandering off the reservation quite often. Today after an FTT on 1340 ES bar [close of] is an...
:) Actually it was BO of the pennant 1110. I don't have the pennant on any of my 2 data providers.
:) I suspect the why was meant to elicit the analysis
Obviously my YM chart looks a bit different due to data provider
YM bars: 1050 [close of] price moved in dominant direction on increased volume = continuation 1054 [close of] price moved in dominant direction...
Sorry, I totally missed the differences in applying the logic of lateral movement in describing how price moved vs. determining...
On my chart 11:00 through 11:10 [close of] bars all close within the previous bar range, indicating lateral movement = continuation. I am missing...
YM: 10:50 - increasing red = continuation 10:54 - increasing red = continuation 11:00 - SYM FBO = continuation (because of FBO direction)...
While the charts tell me that pt2 to pt3 on increased non dominant volume is possible, this is not what we expect from the sequence of dominos...
In my humble opinion the answer to the wholes issue of why pt3 never came after 1545 [close of] bar and whether or not increasing black volume...
"Three ways exist for Price to move from Point Two to Point Three" - was not, I think. It was given as a quiz however.
Sorry, I missed that chubby tape. :)
I don't follow. 1540 [close of] is a VE of the down channel?
YM: 1326 [close of] is up on increasing volume = the trend is up 1328 [close of] as you noted is IBGS, so the trend changed obviously, it is...
Got it. Thank you very much.
Spydertrader, if you'd be so kind. Following the bi9foot question as to what goes on inside formations: a. For a beginner all decisions take...
If price is moving from pt2 to pt3 we expect anything but the increased black Edit: I posted before I saw Spydertrader's answer to dkm:)
:D Let's pretend I am back in May of '07, when the formations have not been discovered yet:D , and the admirable quality of their BO's (which mean...
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