[Spydertrader]

Originally Posted by NYCMB »

Could you comment on Orange Down Traverse?

We define Tapes, Traverses and Channels by each having certain characteristics which represent various geometric shapes. Unfortuantely, many people attempt to compare and contrast based on a visual derived from the Price Pane. Such a paradigm, quite frequently, creates opportunity for error. I recommend the lower portion of your chart in order to determine whether or not one has a Tape, Traverse or Channel.

- Spydertrader

[deanz]

Originally Posted by Spydertrader »

The market provided seven laterals today (7/10/2009). Try dividing them into two seperate groups.

- Spydertrader

Through Spytraders posts I have decided that a Lateral ends at the last bar that touches the Lateral, I did not use volume in this finding and I am not sure if my definition is correct.


Here are my lateral findings for today, I grouped then into..... Break Out volume that exceeded all previous volume in the Lateral and called it HVB [High Volume Breakout] and LVB [Low Volume Breakout] where the Break Out Volume was less that all previous Volume in the Lateral.

Dean.

[Spydertrader]

By adding the correct Gaussian Formations within the Volume Pane, a trader can know when the market has reached Point Two of the particular trend, Point Three of the particular trend, as well as, the Point in time where the current trend fails - and the next trend begins.

See Attached.

- Spydertrader

[VolumeJedi]

I was wondering what took you guys so long to get here. LOL

good luck with your thread.

[NYCMB]

Originally Posted by Spydertrader »

We define Tapes, Traverses and Channels by each having certain characteristics which represent various geometric shapes. Unfortuantely, many people attempt to compare and contrast based on a visual derived from the Price Pane. Such a paradigm, quite frequently, creates opportunity for error. I recommend the lower portion of your chart in order to determine whether or not one has a Tape, Traverse or Channel.

- Spydertrader

Hi Spydertrader

I look at the lower portion of my chart and found the additional infomations;
1. After 11:00 bar (oprn of) which breaking the RTL of olive up traverse and closes outside of Lateral Formation on IRV, I don't see any tiny tapes in different direction.
2. 11:30 OB (open of) begins a Lateral Formation, then Volume of Black and Red is decreasing.
3. Price bars are running inside the green up tape created by OB.

Besides the above obsevation, I rechecked Ten scenarios too. Still, I can't find the characteristics of a tape or a traverse. Do you have a better way to teach a slow person? TIA

[Mr_black]

Here is complete slow Fractal (channel) ... note the Volume sequence R2R2B2R on Channel Level

[Tams]

Spyder:

Can you describe "Stitch"?

How does it fit into our analysis?

TIA

[NYCMB]

Originally Posted by jbarnby »

I'll give the lats from 07/06 another go:

0950 lat begins with price moving higher on dec black vol (non-dom). Price exits this lateral in the opposite direction on increasing red volume.

1200 lat begins with increasing red volume (increasing over the first bar of pennant 1150) and the r2r2b2r sequence completes within the lat. Price exits the lat in the opposite direction and returns to increasing black volume.

1515 lat begins with increasing red volume (but decreasing volume when compared to 1505 first bar of pennant). r2r2b2r completes but the pennant remains active until 1555 bar. 1540 bar does not terminate the lateral because we require 3 consecutive outside closes when a pennant formation is involved.

Hi jbarnby

The analysis you did for "1st bar on Increasing Volume forming Dom-Lateral: and, 1st bar on Decreasing Volume forming Non-Dominant Lateral" is very helpful. It seems I don't complete understand your concep so far, especially OB for 1st bar involved. If it's not too mush for you, could you do the same kind of analysis for the seven Lateral Formations on july 10 ES chart? TIA