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nice trade bi9foot...patience is a virtue :)

fft...

just got that...thanks

No doubt, but its fun and interesting to add another layer onto the method.Here's my critical thinking for today...:)

Sorry R/R, I have 12:10 as my traverse pt2 for Friday's up channel..

:confused: I'm all confused now... Isn't the "real" traverse pt 2 at 13:30-12/4 ? and if so doesn't that make the whole down channel non-dom?

got it wrong, here's my fix...

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I have 14:00 as my traverse level pt 2 for Friday's up channel

I'm more concerned about where the pt 2 of the up traverse in relation to that down traverse occurred on Friday afternoon.

I'm not sure if this is what your asking but here my view... Based on this post by Spyder on 12-02-08 9:56 est : In the afternoon, the green lines start as a Traverse, and then the traverse grows to a channel. The actual point Two of the Channel will develop on the FTT of the Dominant...

ehorn, I'm thinking the same thing. It looks to me that the 14:50 to 15:25 time frame is a faster fractal traverse(tape 2 to 3 of a sequence 1 channel)... If that is correct then my PFC for Monday has price in a sequence 3 tape 1 moving from 2 to 3 within that sequence 3 tape 1 which will...

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Spyder, Based on the way the down traverse(that started at 11:30) was constructed, can I assume that the whole traverse is non-dominant? or does the fact that price went below the channel pt 3(12/3/08 - 14:10) negate that theory?

aha...AHA...AHA!!! :D

Thanks, that helps put more pieces together. So the faster fractal traverse that started the day(12/3/08) is actually a pt 2 to pt 3 tape on a sequence 1 of the channel? One other question....do accelerated traverses only form on sequence 1 or can they recycle on sequence 3 which would then...

I'm having a real hard time understanding how one is supposed to know how this traverse grew into a channel.Does the traverse slope play a part?I can't remember a time when you had talked about this. Any additional clarity on this would be much appreciated.

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thanks