Monkman

I am interested in the October seminar. Please send me details.

ES real time, b2b volume and price annotations

The annotations on that chart is what I would have done real time. There are certain aspects of the volume that I still do not understand well. Mainly under which type of channels do you need to see increasing volume to confirm the volume trend. Lets assume I am wrong with my B2B annotations. Could the fractal of the volume annotations be off? Even if they were does it change how we represent the price movement? In further hindsight I can see describing the trend, see attached charts. There we visually have the B2B in terms of the length of volume bars. Now, the issue now is how do we represent the 2nd BBT. Is it a BBT? What about the third BBT, does the symmetric make it complex? Can the symmetric also be considered simple? If you were to trade from one of these examples which picture would you pick to trade off of? Why?

Added a little bit of clarity to your chart.

Are the high lighted areas M1 and M2? On my chart I have the last 2R leg, which has a full cycle and two extra volume cycles.

Are the two additional elements brought about after a VE?

My take on this AM. Gotta love the solid continuation from previous day.

Overtime it will change trust me, how long, no guarantees lol. You followed up with a home run on this one. I always wondered how others viewed the trade off with entries from other time frames. Back when we numbered cycles, from Dry up to Peak, 0 to 1, with the 0-7-6-5-4-3-2-1-0 numbering system, I tended to get annoyed on what I viewed as a late entry, between / closer to the 7 point. But really I was trading based on confirmation which yielded less profit in turn for a "lower risk trade." I am pretty sure I understand what you are talking about in the quote below. Would you be so kind to confirm if what I have made comments on is correct. "The "2" happens in the area where the RTL is crossed, and except on the fastest fractals, in extreme pace situations, or news spikes," BTW I am putting a sticky in my office with your above comment. There are several very helpful ones that people have posted in this thread, and this is one of them.

Thank you for the example with the trading application comment. I just wanted to bring up that one might want to enter a trade near the first FTT in green. At this point what type of confirmation should we look for before we enter the trade short? From the information that is provided I am having difficulty seeing change. How do we know, its R2R if we have not seen a breakout from the prior sequences container? Specifically a break out in price from the prior container, and the end of the 2B from the prior volume sequence.

I just wanted to point out, that I appreciate your help and I see that many others do as well. When we spoke a couple months ago, it sounded like you were on the fence about getting involved. Many others had expressed the same view as well. Over the past couple of months things have changed, and I genuinely believe that many of us have started to improve. I just wanted to challenge you publicly to not hold back. Share with us detailed answers with graphical explanations. Help provide us with information that is not a replay of the same old record. We may not be your family or good friends, but we are still a community of members that have been working hard together to achieve a common goal. To everyone: Try to avoid repetitive generalities that are undermining and unhelpful. If you are explaining a topic the best you can, then no hurt in that. If you were willing to go into detail on how you build your fractals that would be very helpful. Specifically, how you interpret the volume pace levels in determining the length of the cycle. When your looking for a shift or change (start of B2B or R2R), and your looking to make an entry, what do you specifically look for to confirm that you are seeing Change, and not a continuation of the last leg of the prior trend?

Here is my attempt at this. With Bar 1 and 2 I would not go as far as to make an assumption that they are a single bar. It does happen to work in this case because you know the prior trend was B2B 2R(Bar 1-6), 2B. When people mention to view these as pairs I believe its because you wait until the next bar, or the following bars for a continuation or change confirmation. Look at Bar 7, that is what I mean by a continuation. Increasing black, bullish formation(bar 6-7). Bar 8, wait, bar 9, increasing volume PRV price increasing, continuation, look for peak volume. Bar 10 Peak volume, Bar 10-11 (this is why I do not think of them as one bar. Bar 11 is where you can first see a potential R2R shift. Bar 12 confirms with increasing Red volume). R2R(Bar 10-12, on Tape fractal. Notice how its not labeled that way in the chart, but that is the way I would label it. Though Jbarnby has had more success than me with so there is probably a reason its labeled that way. If you look at my charts I make mistakes, leave out annotations at times, mess up some annotations real time, that happens when your in the rhythm. Aside from that, if you look at all our charts they may looks very similar but rarely are any exactly the same). R2R(bar 10-12) 2B(bar 12-14), 2R(bar 14-17). Then the rest is a continuation of 2R, with VEs that tell you to steepen the channel. Which I believe also tells you to start looking closely for the FTT, and B2B/R2R change. Often I see, a VE with another VE or retrace. It gets tricky at this point especially mid-day at lower volume levels. Look at Bar 34-36. That is where you get those tricky modified PT3s. The Tape never becomes the Traverse, that is the wrong way to think about it. The Tape and Traverse are separate building blocks. How you could view it imo, is the Traverse has overlap on the Tape's fractal on both price and volume. It starts with Fastest Fractal formations, they build Tapes, which build Traverses. When the Tapes VE they can widen the Traverse channel, in which case you will see overlap in the price pane. Trends Overlap. I hope this helps. If I am off someone please correct me : )

A little something for today

I think we are making a lot of progress with this thread. There has been a great deal of information shared over the last couple months which has been priceless. For everyone that has been participating I cannot thank you enough. I wish everyone a Happy Holidays, and am looking forward to the New Year.

Here is my take on the day. A re occurring question I keep asking myself is how to identify whether a RTL break should be fanned out or annotated for the formation of R2R. For example, 11:40, where we have the first break of the purple Tape on increasing volume from 11:30 to 11:40. During that bar, how do you know in the future that it will be fanned out rather than annotated for R2R? Are there any signals that suggest this failed break out beforehand? Do you have to wait for confirmation by next bar? I have pointed out another example of what appears to be similar occurrences in other charts. In the 14:35-15:00, I have this labeled as decreasing black. Following PAtraders drills and Cmns2's general processing example, I have began to pay closer attention to the 2 and 3 bar combinations on how I annotate them. Bar 1, 14:35, process Bar 2, 14:40, not processed Bar 3, 14:45, process (increasing volume, can't be b2b since Tape fractal is still on the R2R 2B phase) Bar 4, 14:50, process (increasing volume, same as previous bar, breaks green bookmark, violates what I believe to be the brown PT3 of the Traverse, and goes back into prior channel, WTF?)(This is also in a R2R 2B trend which adds further confusion because a PT3 of a channel is not suppose to be higher than the PT1, P1 - 13:40, P2 - 14:50 ?) Bar 5, 14:55, not processed Bar 6, 15:00, processed (increasing volume, bar closes above green bookmark, tape fractal guassians show that we are operating in a R2R 2B trend, but price shows that its going back into the previous channel continuing the B2B 2R 2B trend, which one is right did I make a previous annotation mistake?) Bar 7-8, not processed (price appears to be going back into brown Traverse channel) Bar 9, processed (increasing red, possible R2R 2B (2R) part of brown traverses's tape. So say you were trading this, and 13:40 was the PT3 of the traverse. Jack says that you should exit when price gets close to the green bookmark. Had you do that here, and in some of the other examples that were posted, you would have made a wash. Then you would have completely missed out of what seems to be the 2R move of the tape and traverse for tomorrow unless you entered back in at what may or may not be as good of a price point. For those of you that are trading this how would you have approach this situation? What about the annotations?

Getting an error with that link. Could you re post a direct link, I believe the one that was listed is a search link.