The Price / Volume Relationship

[cnms2]

Originally Posted by romanus ...

(my view of) Volume sequences, reflected in price annotation (for your "B" version).

[ptunic]

This is regarding #1254, which we discussed a lateral that is itself a SOC.

The lateral that starts on Feb 5 10:45 I believe is an example of something similar. (this one is actually a non- Lateral Drill conforming lateral, but similar in the sense it is a SOC and pt 3 is the forming bar).

My chart for that day isn't finished yet but see attached.

edit: in my chart that should be decreasing black, not decreasing red (eg point 1 just formed and is starting to head up) of the tape at 10:10 - 10:15. Wasn't trying to show anything tricky, just a typo

[rs5]

Monday 8 February 2010

[rs5]

Afterhours crayola chart......

[innersky]

Could it be that, in the attached lateral, that at the first bar the previous sequence is complete, but that the actual signal of change happens no the third bar (the outside bar) inside the lateral?

--
innersky

[gucci]

Originally Posted by innersky Could it be that, in the attached lateral, that at the first bar the previous sequence is complete, but that the actual signal of change happens no the third bar (the outside bar) inside the lateral? -- innersky

For me the signal of change in such a context would reside on the 5th bar.FWIW

[innersky]

Originally Posted by gucci For me the signal of change in such a context would reside on the 5th bar.FWIW

In an uptrend, price making a higher high on increasing volume is a signal of change?

--
innersky

[gucci]

Originally Posted by innersky In an uptrend, price making a higher high on increasing volume is a signal of change? -- innersky

The fact, that price tried to move higher on encreasing volume but failed to break out of the lateral suggested that change is in the cards. Just my 0,2.

[rs5]

Tuesday 9 February 2010

[saturo]

rs5 - I see today a little bit differently. I marked up your chart.

I believe that the volume sequences have all been satisfied for the long. I believe the key area is 12:45 - 13:55 - you have it marked as rising red. To me this appears to be falling black.

What is your rationale for annotating volume that way?

Comments welcome by all...

P.S. the "missing RTL" note is not pointing at anything... you are missing a CO channel from 2/8 (gap adjusted)