The Price / Volume Relationship

[gucci 10]

Just in case somebody thinks I know something or wants to be a "wise ass" and show that I don't know anything...

 

I'm clueless!!!

:o

 

He?? What about B2B and where is the rest?

[frenchfry 10]

He?? What about B2B and where is the rest?

 

Two replys...

 

1. Once I see them on YOUR charts I will add them, too.

 

Just kidding... the correct answer is:

 

2. Once I know how to IDENTIFY them I will add them.

 

But there is probably one(?) of the clues!?

[frenchfry 10]

A few bars later we have two times the same situation and are now at the third possible FBOs.

 

Any clues if this will end up the same way (or different) like the other three times? Is this situation any different?

 

P.S. While I ask, I also try to find answers on the chart myself.

[gucci 10]

A few bars later we have two times the same situation and are now at the third possible FBOs.

 

Any clues if this will end up the same way (or different) like the other three times? Is this situation any different?

 

P.S. While I ask, I also try to find answers on the chart myself.

 

 

I've already explained EVERYTHING about this part of the chart one needs to know.

[vienna 10]

Now it is clear. But would you have seen it in real time? What were the clues?

 

my 2 cents...for what it's worth

[vienna 10]

didnt take the attachment

[frenchfry 10]

Looking at this, how would you have known that any bar after bar 68 would/could NOT be the BO of the thick red down container? Or maybe it was?

 

The answers are somewhere within:

 

a) Order of events

b) Peaks and throughs

c) Lateral

d) Fractal nesting of containers

e) Gaussians

 

In THIS example I was "confident" that we would end up the way it is right now. However trading it with real money I would probably had been whipsawed.

 

By now maybe some of you already start to see how they would know that they know what must come next. I hope to join you soon.

 

Good luck.

[gucci 10]

Good luck.

 

 

I do not need luck. But I guess you and vienna will need some. Enjoy your kidding.

 

Good trading to both of you. Such a waste of time...

[vienna 10]

I do not need luck. But I guess you and vienna will need some. Enjoy your kidding.

 

Good trading to both of you. Such a waste of time...

 

Thank you. "Waste of time"? What exactly? Didn't you tell me it took you 4 years to "get" this....am looking at this for a few months.

[pr0crast 10]

Now it is clear. But would you have seen it in real time? What were the clues?

 

My problem with this is anticipating a BO/FBO based on trendlines drawn from bars 39, 40, and 41, which have a collective range of what, a point and a half?

 

In my mind, as bars 45 and 46 are heading lower, we're looking for our "point 3" -- waiting for the market to double back and verify that "yep, enough sellers are gone now, buyers are in control" so we can draw our up channel. Anticipating an FBO here is in my mind a classic example of "looking too hard at the chart".

 

Later, on bar 55-56, we have increasing volume, but there is clearly a lot of supply/resistance here judging by the increased volume and the bars closing near the middle. I would be more likely to expect a BO after an FTT here.

 

[Ezzy 10]

Good timing... I've been lurking here for a little while after a multi-year hiatus. Weird to think that people still watch those videos... Those were made a lifetime ago.

 

Welcome back. :beer:

[pr0crast 10]

Looking at this, how would you have known that any bar after bar 68 would/could NOT be the BO of the thick red down container? Or maybe it was?

 

The answers are somewhere within:

 

a) Order of events

b) Peaks and throughs

c) Lateral

d) Fractal nesting of containers

e) Gaussians

 

In THIS example I was "confident" that we would end up the way it is right now. However trading it with real money I would probably had been whipsawed.

 

By now maybe some of you already start to see how they would know that they know what must come next. I hope to join you soon.

 

Good luck.

 

Bars 65-68 show a lot of strength. On 65, you've got a high volume bar closing in the middle, followed by sideways movement in 66/67. You get your increasing black on 68. Time to move up. Bar 69 was a little weak in the volume department -- for a breakout we would have needed to see an increase. As the buyers dry up, sellers take over again, but find support -- giving you a point 3. This movement fails to sustain itself on the next bar though, suggesting again that there's no follow through here. The bar 72 FTT is confirmed and the channel starts to roll over.

 

If you haven't exited by 74, you're exiting/reversing for sure at 76.

[cnms2 10]

(using Gucci's DAX H11 chart) Which set of annotations makes more sense?

a) green, red

b) blue, purple

[Corey 10]

(using Gucci's DAX H11 chart) Which set of annotations makes more sense?

a) green, red

b) blue, purple

 

in real time you can only know a).

trade the red arrows and hold thru the yellow highlight.

[patrader 10]

FBO or not... which "signs" would tell us that we probably have an FBO?

 

What do you see? Are there any hints of?

First,bar 39 failed to reach the ltl(ftt) in the down container after pt 3(bar 38).Then bars 40 and 41 retraced back to the rtl of the down container on dbv(like clockwork).Bar 42 broke out on ibv and ve'ed the up container's ltl creating a new pt 2 of up container.Bar 43 ve'ed again but on dbv (creating another new pt 2 location).This is a jokari window so anticipate change.Sure enough it comes on bar 44 with drv.The market is moving from pt 2 to pt 3 in the up container(thicker green container).Bar 45 retraces back to the up container's rtl on drv.This is just what to anticipate in a retrace of an up container.Now your watching for the pt 3 to be created in the up container.Once price has retraced back to the up container's rtl it's time to watch closely for a fbo and then ibv.Many times the market will use an ibgs(setting up a bear trap) at the rtl to fail to break out.This is where i would be looking at the 2m ym for more detail and info.hth

[patrader 10]

What hints do you see now?

 

Trying to trade intrabar with coarse only tools can be troublesome especially if still learning to annotate and monitor.Wait for bar close.hth

[patrader 10]

Well... could be an FBO!?

 

Bar 46 is near bar close(prv almost complete) and the market has failed to break out of the rtl.Notice that bar 46 is an ibgs.All you need is ibv to confirm pt 3.This is where i would be looking closely at the next bar's prv(especially in the first minute of the bar).Now depending on what resolution you trade you would have either held thru that non-dom(pt2 to pt3) or be looking to enter long.I would have probably anticipated the trap at the rtl and entered at the first sign of the ibgs.Unless you have monitoring down cold i would not recommend intrabar entries.hth

[patrader 10]

This looks better!? Any clues?

 

Prv shows ibv just as anticipated.I would have already drawn in my bookmark(horizontal line extending right from bar 43 swing high(pt 2).This would be the first possible resistance level and min sequence completion point.I would be watching closely each bar's close,pace levels and whether price could first get thru the bookmark and then get to the ltl of the up container.hth

[patrader 10]

Now it is clear. But would you have seen it in real time? What were the clues?

 

Check out the prv after price breaks thru the bookmark and heads up to the ltl.This is exactly what you had been anticipating and the market is traversing the container on strong ibv after pt 3(like clockwork).Now you watch for what happens at the ltl for it tells you what to anticipate next.hth

[patrader 10]

A few bars later we have two times the same situation and are now at the third possible FBOs.

 

Any clues if this will end up the same way (or different) like the other three times? Is this situation any different?

 

P.S. While I ask, I also try to find answers on the chart myself.

 

Clues.Bar 49 ve of ltl.Bar 50 drv.Bar 51 bar close(bounce off rtl).bar 55 ibgs on ibv(new pt 3).Bar 56 fails to reach ltl after pt 3 on dbv.bar 57 ibgs(signal for change).Bar 58 strong prv irv to rtl.Also track the different container sequences(faster,medium and slow) and review the context that this container is being build in.hth

[emac 10]

(using Gucci's DAX H11 chart) Which set of annotations makes more sense?

a) green, red

b) blue, purple

 

I would have drawn the gaussians slightly different. B2B would end at bar 12:10 with nested fractal completing a faster fractal b2b2r2b. Since LTL was reached, no FTT yet so wmcn is new point 3. I would have looked at it according to Corey's standpoint that in real time, I wouldn't know before 12:10 would there be a new point 3 until LTL is reached at end of the 12:10 bar.

 

If I am wrong in not knowing there would be a new point 3 prior to end of the said bar, that would mean I miss another fundamental step in my observations.

 

Another challenge would be to anticipate there is yet another faster fractal to complete first for the 2R non-dom retrace (to get to pink pt 3) before heading to FTT. During live session, might not be easy to see and hold through the 12:25-12:30 decreasing black bars if one is not clear in the head of the sequence of events. During 12:35 red intrabar , prv might be showing high increasing red vol indicating that potential BO of RTL in real time. I guess if one is to say that there would be not be an RTL BO since no FTT can occur without a dominant black move first which didn't occur yet at that time and not until bar 12:40 increase black dominant bar and then FTT at 12:45.

 

emac

[Corey 10]

..

Their methodology are trading just on a simple barchart without volume. No indicators, no trendlines, no proprietary indicator and software. Just what works,..

 

Regards'

Tony Chan

look at their order page.

[frenchfry 10]

Thank you to:

 

pr0crast, cnms, cory, patrader and emac

 

for sharing your point of view!

 

cnms,

 

looking at your gaussians I'm sure in realtime I would have drawn them differently. The reason is surely a gap in my knowledge and because I only see "chaos" in the volume pane.

 

When I put price into containers then volume is making peaks and throughs. However the sequence of B2B2R2B or R2R2B2R is not visible for all containers. I can for example see in one container a B2B followed by another container which shows R2R. So the art seems to be to see what is not there (because it is only visible in smaller time frames?) and/or sometimes ignore what you see and simply follow how price moves inside your current container(s) and nests?

 

Enclose you can see what I would have drawn and above what I mean by a container can have incomplete volume sequences.

[vienna 10]

Prv shows ibv just as anticipated.

 

I must be missing something? Please see attached...BTW, this bar-by-bar stuff is super helpful- thanks!!!

[vienna 10]

Since LTL was reached, no FTT yet so wmcn is new point 3.

 

emac

 

Now this is interesting! Are you saying that if price goes all the way to the LTL, you actually KNOW that wmcn is a new Pt3, followed by a new attempt at the LTL?

Aren't there channels that end with a LTL touch or even VE?

TIA