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The Day <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2325478>

Reversed short on the pennant breakout after the sequence completion and Traverse VE, then back long on the subsequent formation breakout. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2324690>

Entry and three reversals. Intrabar, (I think) bar 10 did confirm my point 3 down. If I'd mentally removed the gap, we'd be past a long traverse VE by now, which changes the situation somewhat. Even though sequence continuity may supercede geometric continuity, carrying all the lines over...

Ridiculously good deal... if he was a hostage negotiator the Bad Guys would settle for a twinkie. :)

The Day (n.b. ignore lowest thick black line) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2323716>

Are you still using this colouring convention? If so, that would suggest you saw the entire day as comprising just one standard Traverse?

I agree that it signalled continuation, and I was doing hope trading. Felt wrong to exit and not be in the market, while at the same time, by dint of prior experience, distinctly uncomfortable to reverse in the direction of the channel VE at the high of the day. I think bad reversals at...

Here's a paraphrase from something that was kindly linked by Gucci on the IR thread. Directly relevant with ominous undertones. [/b]

Which completes the Traverse level gaussian shift.

Thanks, but just a second-rate attempt at accuracy. Spyder's charts on the other hand...

The Day Most of these annotations were post-market. Still coming to terms with this different perspective. I would previously have considered the traverses starting at 10:50 and 11:50 to be fully-fledged. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2322180>

Thanks, Munck - feel free to post your chart. And I still haven't gotten over how bad those comedians were!

Thanks for the question, Nkhoi. When I was newer to this method, I tried to stick to rigid definitions of dominance and non-dominance, and found they weren’t universally applicable. I also couldn’t reliably gauge what was referred to as the 5-minute ES traverse level. There were...

The Day <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2320324>

11/28 = 0.4 ATR <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2320063>

Done for the day. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2320058>

Reversed short intrabar on the RTL break. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2319944>

Thanks, Mr Black. Saw the SOC, but thought a faster sequence was underway. Late reversal long. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2319752>

Lol... thanks, Nkhoi. I'm much clearer on the importance and the method of discretely monitoring different fractals now, but it feels far from certain or natural. I think this is going to take a LOT of practice and chart review. :p (p.s. Simming at the moment. Don't intend to go live...

Didn't acknowledge that a faster sequence was underway and reversed early. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2319551>