Nope. It doesn't.
At 11:55 only half of what the market has indicated must come next has actually arrived on your screen.
(All times Eastern and [close of] ES Bar).
- Spydertrader
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Iterative Refinement
- Thread starter Spydertrader
- Start date
Nope. It doesn't.
At 11:55 only half of what the market has indicated must come next has actually arrived on your screen.
(All times Eastern and [close of] ES Bar).
- Spydertrader
Me too. While we are on this subject, I am also unable to determine why 1405 does not represent change as Lack of 'continuation'. It did here.Quote from treeline:
Today's 1330 ES bar breaks and closes outside of the pink Traverse RTL on IBV, and it's not a Pennant/Lateral BO or FBO, or a Spike Bar. It looks to me as if it clearly establishes black dominance. But Spydertrader's B2B trough doesn't occur until 1355, so 1330 is part of the decreasing black Gaussian.
I would appreciate any help in finding the context which prevents 1330 (or 1340, for that matter) from establishing black dominance prior to the blue P2 up.
At 1400, once a sequence completes, the market has given the trader permission to seek a change in mode. If the market did not continue, what other possible descriptor is there other than change under a binary system?
Quote from treeline:
I would appreciate any help in finding the context which prevents 1330 (or 1340, for that matter) from establishing black dominance prior to the blue P2 up.
Maybe these faster fractals will clear things up.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2170622>
Attachments
You are correct. The non-dominance ends with 13:55 bar as annotated on your chart.Quote from Spydertrader:
Sequences not yet complete. No permission to seek a signal for change.
- Spydertrader
Which is different from usual annotations where B2B marks the arrival at point 2.
It is very frustrating, but while I am studying the picture you posted in response to treeline's question, I just can't see those 'subtle differences' which make this particular traverse the case where both 1330 and 1340 bars are non-dominant, despite the fact that they are both increasing volume and not spike or lateral BO/FBO or inside the lateral.
Is this the matter of figuring out why both 1330 and 1340 are non-dominant or something else entirely?
Quote from innersky:
, is that a HVS?
--
thanks,
innersky
http://www.elitetrader.com/vb/attachment.php?postid=1451061we can distinguish an HVS from other Price formations based on the Volume data. We see both decreasing black and decreasing red volume within an HVS (See Yellow highlighted area of attached chart).
We know this because Points 2 and 3 of the faster fractal traverse occur inside the confines of the pink ES-only down traverse. If I'm not mistaken, the implication here is that we have to wait for the faster fractal sequences to complete before we can reach the trough of the B2B Gaussian at the ES-only fractal.Quote from Spydertrader:
It's a matter of determining why one knows the market is creating a faster fractal traverse, rather than, an actual traverse.
- Spydertrader
Quote from treeline:
We know this because Points 2 and 3 of the faster fractal traverse occur inside the confines of the pink ES-only down traverse. If I'm not mistaken, the implication here is that we have to wait for the faster fractal sequences to complete before we can reach the trough of the B2B Gaussian at the ES-only fractal.
There you go. Nicely done.
- Spydertrader
Which is essentially why both 1330 and 1340 are non-dominant bars.Quote from treeline:
We know this because Points 2 and 3 of the faster fractal traverse occur inside the confines of the pink ES-only down traverse. If I'm not mistaken, the implication here is that we have to wait for the faster fractal sequences to complete before we can reach the trough of the B2B Gaussian at the ES-only fractal.