Iterative Refinement

[ehorn]

Quote from PTVtrader:

...don't agree - what does the 1545 bar tell you?

I observe internal (1535-1540) followed by another internal (1545-1550), if I treat each of these 2-bar internals as one bar (1 for each internal), I do not observe a change in dominance. Also, I do not observe a tape break.

Faster fractal traverse... surely... 5M ES traverse... hmmm....

 

[charts]

Quote from PTVtrader:

I agree ehorn...

1500 - dom
1505 - non dom
1510 - non dom
1515 - key bar - non dom
1520 - faster fractal traverse complete with tl break on iv

don't agree - what does the 1545 bar tell you?

... 1510 seems to be a non-dominance change bar ... 1505 non-dom up ... 1510 non-dom down ... a non-dom change, hence a dom change too ...
... but, at the latest, an RTL BO w/ increasing volume is a clear signal to take

 

[PTVtrader]

Quote from ehorn:

I observe internal (1535-1540) followed by another internal (1545-1550), if I treat each of these 2-bar internals as one bar (1 for each internal), I do not observe a change in dominance. Also, I do not observe a tape break.

Faster fractal traverse... surely... 5M ES traverse... hmmm....

yeah, but....what does the 1545 bar tell you?...imo faster fractal traverse doesn't start until 1555 bar.

By the way, I am in no way positive I am correct.....good for pre flight though

 

[ehorn]

Quote from PTVtrader:

yeah, but....what does the 1545 bar tell you?...

HOLD

What does it tell you?

 

[PTVtrader]

Quote from charts:

... 1510 seems to be a non-dominance change bar ... 1505 non-dom up ... 1510 non-dom down ... a non-dom change, hence a dom change too ...
... but, at the latest, an RTL BO w/ increasing volume is a clear signal to take

ok, I'll play along....where are you shorting?..close of 1510 bar?(don't think so).....close of 1515 bar(aggressive but not unreasonable)...close of 1520(most probable given advanced beginner level).....6 points of heat though...

 

[PTVtrader]

Quote from ehorn:

HOLD

What does it tell you?

tells me to look for traverse pt 3.

 

[ehorn]

Quote from PTVtrader:

tells me to look for traverse pt 3.

My observation and a few questions attached

 

[charts]

Quote from PTVtrader:

ok, I'll play along....where are you shorting?..close of 1510 bar?(don't think so).....close of 1515 bar(aggressive but not unreasonable)...close of 1520(most probable given advanced beginner level).....6 points of heat though...

... in CW methods you tend to see a signal then wait for some confirmation before entering; this leads to late entries
... in Jack's and Spydertrader's methods you react to a signal to stay on the right side of the market; then look for confirmation; sometimes you get an WWT (but you can get it in CW too)

... once the 1-2-3 completes, you enter on the first change signal, which sometimes is the same bar

... today the last up traverse was completed at 1500 (in my opinion)

 

[Spydertrader]

Quote from WilliamV:

Does anybody mind posting their current Final Universe?

Sixty total Stocks as of this evening. All symbols meet all initial culling requirements.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2177925>

Quote from WilliamV:

What to make of past ranked stocks that are trading below $5?

Since switching to the automated culling process described in the Software Thread, the criteria used require all equities maintain a Price Point between $10.00 USD and $50.00 USD. As a result, the Final Universe automatically preforms the add / delete function each evening when the software initiates its automated EOD Update.

- Spydertrader

 

[TIKITRADER]

Well, it looks like trade navigator is set up great. That is some nice work you have done.