Iterative Refinement

Quote from ljyoung:


FWIW, perhaps we were not looking for a P2 at the end of the day on 11/28.

1300 bar is PA and VE. Next bar is also a VE. I can not imagine it to be anything other than that - an accelerated traverse or the original traverse becoming a channel.
 
Quote from romanus:

1300 bar is PA and VE. Next bar is also a VE. I can not imagine it to be anything other than that - an accelerated traverse or the original traverse becoming a channel.
... as I've suggested ... draw the tapes to see the sequences :)
 

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Quote from romanus:

Damn, Mr. Black!:) You're good - are you using YM to carve the tapes?
If you could share some of the thoughts on these trades, I'd appreciate it. Because this holding through retraces stuff isn't working for me - I think this scalping of yours may be a reasonably consistent way to put bread on a table.

The range was 50+ points today and you're impressed by some scalps?

:confused:

I really can't fathom trying to learn and trade this insanely complex method but I wish you all good fortune.
 
Quote from Spydertrader:

Same reason as the 10:15 bar (linked by dkm, recently) discussed a while back.

- Spydertrader

It was this chart I think
attachment.php

It was discussed indeed, but I did not find the solution.

On the linked chart the ibgs is on increasing volume, and now it's on decreasing volume, so that's not it.

Still searching for differences with other ibgs bars...

--
innersky
 
Quote from CJMan:

The range was 50+ points today and you're impressed by some scalps?

I applaud anyone who leaves the market richer than they found it no matter how they did it.
 
PFC...traverse pt 2 moving to traverse pt 3

bar 1 - inc black ibgs but non dom as it is the 1st bar of day....probably pt 2 of non dom traverse

bar 2 - dec red

bar 3 - more dec red...market in sync...expect chage but no point 3 of tape yet

bar 4 - pt 3 confirmed...jokari window...enter long

bar 5 - incr black but closes within previous bar...no point 3 yet...hold

bar 6 - non dom spike...lateral movement...hold

bar 7 - inc black....pt 3 hold

bar 8 - dec black but price moves in our favor...tape from pt 3...hold

bar 9 - inc black...pt 2 of tape...hold

bar 10 - inside bar...flaw...hold

bar 11 - outside bar...inc black...pt 3 of tape....start looking for change...hold

bar 12 - inside bar....flaw....hold

bar 13 - failed pennant bo on inc vol...change ....reverse
 
OK, a bit early....i should have waited for more inc vol after the failed pennant bo

bar 14 - ...more inc black..but peak volume...change

bar 15 - ibgs on dec black hold

bar 16 - non dom spike...hold
 
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