Iterative Refinement

[Jander]

Quote from Spydertrader:

Why does a 2 bar Pennant not satisfy the requirements set forth? In other words, if a non-dominant tape (which has two bars) satisifies the requirements for a signle component, why exclude a Pennant or Even Harmonic formation?

- Spydertrader

Touche! It didnt satisfy the requirement because I had created a rule that did not exist... Zing

That does bring up another issue, that the following tape (after the pennant) must have 2 bars of increasing volume....which would be expected anyway... HMMM Ok I need to redo some charts now, thanks Spyder

 

[Spydertrader]

Quote from Jander:

I think we are all getting a little thrown off as there seems to be something amiss here, hard to put a finger on it.

Take things one step at a time. Create a list of what must exist on every traverse. Insure that your observations remain on the same fractal throughout. Once completed, apply the list of components onto the market in order to grade your annotation efforts.

- Spydertrader

 

[Jander]

Quote from jbarnby:

I think it might be a constructive exercise (definitely would benefit me) to examine each of these "traverses" and determine if the necessary components are present.

Agreed

Why havent you been posting more Barnby??

 

[jbarnby]

Quote from Jander:


Why havent you been posting more Barnby??

I'll try to do better....time has been a precious resource in the last few months.

 

[ehorn]

Quote from Spydertrader:

Take things one step at a time. Create a list of what must exist on every traverse. Insure that your observations remain on the same fractal throughout. Once completed, apply the list of components onto the market in order to grade your annotation efforts.

- Spydertrader

1st observed traverse of the day.

I will take this one step at a time. I would love some yahs or nahs as I go through the exercise. In fact I would like to wait for confirmation or corrections at each step (if possible)?

 

[Spydertrader]

Why do you feel the ES 10:10 [close of] Bar shows Peak Volume? It's most certainly 'a whole bunch' of Volume, but Peak?

- Spydertrader

 

[jbarnby]

Quote from ehorn:

1st observed traverse of the day.

I will take this one step at a time. I would love some yahs or nahs as I go through the exercise. In fact I would like to wait for confirmation or corrections at each step (if possible)?

I say "yah". However, would the IBV still qualify this as peak volume?

edit: I see Spyder as already answered this for us.

 

[ehorn]

Quote from Spydertrader:

Why do you feel the ES 10:10 [close of] Bar shows Peak Volume? It's most certainly 'a whole bunch' of Volume, but Peak?

- Spydertrader

After the debate that has been raging over this topic as of late I am sorry I used that term to describe this bars volume

I am really just trying to get down what we are calling traverses.

No, this is not peak volume and not what I would consider a signal for change (at this point in my development) and given the context here. Sorry I used that term.

Thank you for pointing this out as well.

 

[Jander]

Yah from me as well

Looks like down tape, lateral movement, down tape (all in one bar) . However, I dont get a change signal from the last bar. Seems to me that we get a lateral retrace followed by another dominant attempt that FTT, showing the change signal and thus the new pt1 for the next traverse. Just IMO

 

[ehorn]

Quote from Jander:

Yah from me as well

Looks like down tape, lateral movement, down tape (all in one bar) . However, I dont get a change signal from the last bar. Seems to me that we get a lateral retrace followed by another dominant attempt that FTT, showing the change signal and thus the new pt1 for the next traverse. Just IMO

I agree. Especially given the pace of this traverse