Iterative Refinement

Quote from ljyoung:

We'll see.
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You posted an incorrect PFC (day before yesterday, I believe) indicating a down traverse forming at EOD 12/08. Remove that from your mind. Now, morning of 12/08 the market places a Traverse Point Two at 9:45 (already discussed) with Point One occuring the previous day. Point Three of our Traverse arrives 10:30 / 10:35 - ish (having since deleted my annotations, so exact time difficult to provide without a complete redo).

HTH.

- Spydertrader
 
Quote from Spydertrader:

You posted an incorrect PFC (day before yesterday, I believe) indicating a down traverse forming at EOD 12/08. Remove that from your mind. Now, morning of 12/08 the market places a Traverse Point Two at 9:45 (already discussed) with Point One occuring the previous day. Point Three of our Traverse arrives 10:30 / 10:35 - ish (having since deleted my annotations, so exact time difficult to provide without a complete redo).

HTH.

- Spydertrader
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Well when E. F. Hutton talks....

I "ff'd" up that EOD too. I have attached my thinking here.
 

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Quote from Spydertrader:

You posted an incorrect PFC (day before yesterday, I believe) indicating a down traverse forming at EOD 12/08. Remove that from your mind. Now, morning of 12/08 the market places a Traverse Point Two at 9:45 (already discussed) with Point One occuring the previous day. Point Three of our Traverse arrives 10:30 / 10:35 - ish (having since deleted my annotations, so exact time difficult to provide without a complete redo).

HTH.

- Spydertrader
More...

Thanks Spyder that was definitely helpful. I actually had the early part of 12-08 as you said but where I was getting screwed around was deciding where to place the RTL of the channel. So if the up traverse which began at 14:00 on 12-08 did not finish until 11:05 on 12-09, then the RTL of the channel will have a P3 at 10:00 on 12-09. The remainder of the time from then till close today will reflect a down-up-down traverse with what looks tentatively to be a 'breakout' up traverse of the fast fractal type forming EOD 12-10.

What was driving me nuts was the 'penultimate lowest low' before the highest high requirement for a TL but clearly that must be tempered by things like down gaps and fast fractals.

The other thing is that when a fast fractal is in play one can get "pseudo-VE's" which can make the decision about traverse vs channel more complicated. That's what I was messing about with today and do realize that correctly annotated Gaussians will eliminate that uncertainty.

I can post the beast but I think it would do more harm than good, so I have painlessly dispatched it. Suffice it to say there was NO super-channel today.

Thank you again for your help. You will be sorely missed when you leave.

lj
 
I think we are all throwing around the "faster fractal traverse" vocabulary word :p a little too much without any consensus on what it is...(apologies if anyone is sure). In looking back over some recent days posts, this one clarifies the definition for me...

http://www.elitetrader.com/vb/showthread.php?s=&postid=2203447#post2203447

So if that is the case, there should be 3 FFT's within each traverse.

If, I'm right, then I'm cool...I get it....What I don't get and/or can't anticipate is when you get a completed traverse show up as looking like a FFT. Attached below is a snippet of what I presume to be 2 completed traverses that appear to be FFT. I don't assume that annotations are correct and would very much appreciate any feedback.
 

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Quote from PTVtrader:

... What I don't get and/or can't anticipate is when you get a completed traverse show up as looking like a FFT. Attached below is a snippet of what I presume to be 2 completed traverses that appear to be FFT. I don't assume that annotations are correct and would very much appreciate any feedback.
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:)
 

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Well, it has been 24 hours since I posted my thoughts on how to know a new dominant channel is forming.

Since there have been no responses I figure it is either:

A. Monumentally stupid.

or

B. Everyone but me already knows how to know at 10:45 12/5 that a new dominant channel is forming.

Either way it's back to the grindstone. :D
 
Quote from Breakeven:

Well, it has been 24 hours since I posted my thoughts on how to know a new dominant channel is forming.

Since there have been no responses I figure it is either:

A. Monumentally stupid.

or

B. Everyone but me already knows how to know at 10:45 12/5 that a new dominant channel is forming.

Either way it's back to the grindstone. :D
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An opinion only, breakeven, but probably neither. As for the grindstone, all thread members have managed to find their personal version and you will too if you hang around. This is a treasure hunt with a fackin' great sack o' gold at the end. Enjoy.

lj
 
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