The Price / Volume Relationship

[outsource 10]

New Paradigm to deal with,Jack.I`m sure you`ll make it!

 

And Thanks!!!

[rs5 10]

  SK0 said:

Bad news.

 

Thank you SK0 for letting us know. My sincere condolences to his family and all that are touched by Jack's writings.

[Mandelbrot 10]

Please could "old timers" who have been around since the beginning post charts and help newbies in the spirit of giving it forward as Spydertrader has done.

 

Thank you

[gucci 10]

Enjoy and remember... each line and bar are as important as every letter in a word. One must know every letter in a word to understand the meaning of the word just like one has to be able to understand every word in a sentence to comprehend the meaning of the sentence. The same holds true for the paragraph in a chapter and so on. Happy reading.

Edited May 18, 2015 by gucci

[gucci 10]

Btw,on the posted chart there are only two signals of change on the traverse level. Which ones? Why?

[Mandelbrot 10]

  gucci said:

Btw,on the posted chart there are only two signals of change on the traverse level. Which ones? Why?

 

Both are pt1 of traverse

 

18:15 pennant FBO

15:35

 

I dont see the 15:35, however 1540 did cross the previous RTL

[stepan7 10]

I posted newest The Price/Volume Tools Version 2015.02.21.618 for NinjaTrader Version 7.0.1000.x. on ET.

[gucci 10]

  Mandelbrot said:

Both are pt1 of traverse

 

18:15 pennant FBO

15:35

 

I dont see the 15:35, however 1540 did cross the previous RTL

 

 

How about Peak Volume (and spikyness of this bar)? What about 20:10 ? We have a lateral formation FBO there. Why doesn`t it constitute traverse level change ?

Edited May 18, 2015 by gucci

[gucci 10]

  Mandelbrot said:

Both are pt1 of traverse

 

18:15 pennant FBO

15:35

 

I dont see the 15:35, however 1540 did cross the previous RTL

 

Another one for those interested. Why the first set of down trend lines do not contain a traverse?

[Mandelbrot 10]

  gucci said:

How about Peak Volume (and spykiness of this bar)? What about 20:10 ? We have a lateral formation FBO there. Why doesn`t it constitute traverse level change ?

 

Thanks

 

I did notice the peak volume, but I ignored it . From my understanding peak volume needs to be 3 increasing bars all in the same direction. In this case the prior bar is a down formation

 

My data was a little different for the lateral FBO, for me it closed outside on increasing volume. I see on your chart it closed on the line. A side note that is pt3 of the traverse.

 

Do you trade the pt1 and pt3 of traverses?

 

Thanks for taking the time, much appreciated.

[xioxxio 10]

  gucci said:

Another one for those interested. Why the first set of down trend lines do not contain a traverse?

 

Looking at your gaussians pt2 is inside your previous traverse (thick orange container)

[gucci 10]

  xioxxio said:

Looking at your gaussians pt2 is inside your previous traverse (thick orange container)

 

Good oservation. What else? It is actually staring right at you.

[gucci 10]

  Mandelbrot said:

Thanks

 

 

 

Do you trade the pt1 and pt3 of traverses?

 

Thanks for taking the time, much appreciated.

 

 

It depends on pace and where I am in the sequence on a larger fractal (channel). I can only answer yes and no.

 

You are welcome. Du not forget to post your charts to facilitate the discussion. Like Spyder used to say, you do not need my charts, the market always schows you the right one at end of the day. Use the crisp clean logic and the resulting "rules".

[xioxxio 10]

  gucci said:

Good oservation. What else? It is actually staring right at you.

 

I must be blind.

 

There is an FTT at 10:10 (FBP), equal low.

 

Unless you dont use internals as FTT's. We did exit the Lat on the opposite side so something completed inside.

[gucci 10]

  xioxxio said:

I must be blind.

 

There is an FTT at 10:10 (FBP), equal low.

 

Unless you dont use internals as FTT's. We did exit the Lat on the opposite side so something completed inside.

 

Now what about the first increasing red? Where does it close? Where sits it's low in a tape ? What does it mean? Is it dominant? How many clues do you need?

Edited May 18, 2015 by gucci

[xioxxio 10]

The low of the bar is still inside the previous tape, so we have not arrived at p2 yet. The bar also closed back inside the previous bar. I think Sydertrader referred to this as lateral movement.(CCC)

 

Hopefully others will participate.

 

Thanks for leading this discussion

[plantrader 10]

  gucci said:

Now what about the first increasing red? Where does it close? Where sits it's low in a tape ? What does it mean? Is it dominant? How many clues do you need?

 

Your first incr red gaussian has pace acceleration, which means that container could be a tape. If not for the fact that that tape would have to FTT outside the prior Traverse's RTL. I've got it breaking the prior Tape's RTL, but since the prior tape was an Up Tape3 as far as I can tell... we can't use PA to promote to a Tape until we also can FTT outside the Traverse RTL. Of course I could have been off on my fractals. If so, and if your medium weight brown TL is a Traverse RTL then I might see what you're describing?

 

If your brown TL wasn't for a Traverse, then that down thing couldn't be a Tape and the close "in the zone" means rebuild down tape. Which may or may not have happened depending on where in the fractals we were to start with.

[gucci 10]

See attached. Comments? Suggestions? Ahas?

[gucci 10]

By the way do not be confused by my bar and volume coloration. I change it mentally.

[plantrader 10]

  gucci said:

See attached. Comments? Suggestions? Ahas?

 

The former is the FTT of something and a stitch long, the latter is the Pt3 of something and an IBGS that exhibited continuation before reversing. But I'm not sure how else you might mean the question?

[gucci 10]

  plantrader said:

The former is the FTT of something and a stitch long, the latter is the Pt3 of something and an IBGS that exhibited continuation before reversing. But I'm not sure how else you might mean the question?

 

 

Lets point out the similarities first. To what extent are they similar?

[plantrader 10]

  gucci said:

Lets point out the similarities first. To what extent are they similar?

 

Similarities: They both involve increasing volume and they both involve a mode change.

 

Dissimilarities that I'm aware of so far: one breaks a prior container TL and the other doesn't.

[Mandelbrot 10]

I agree with the previous poster, they are at different OOE.

 

The first one crosses a RTL but closes back inside(FBO). It also closes back inside the previous bar. It is a stitch formation. Volume is increasing. That is expected since pace increases as the approach 4:00pm.

 

The second one is an IBGS, Sentiment has shifted form a short mode to a long mode. Volume is also increasing. Mode is continuation

 

I am unsure as to what else there may be.

[xioxxio 10]

Besides the obvious formations and as stated OOE , they are both non-dom = continuation

[gucci 10]

Hint from the market: they both form a point three.

 

Both of the bars are followed by an increasing volume.

 

Now the MAIN DIFFERENCE... come on.

 

Why the bar after the first bar can not constutute PEAK VOL whereas the bar after the second bar can and does?

 

Anyone else willing to join the discussion?