Iterative Refinement

Quote from callmate:

What can make a point 1?

FTT, VE and bounce of LTL
( know it cold)

...Study page 117 of this journal and Avi 8's postings around page 170. :D
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should it be LTL, VE, and FTT?
 
Quote from callmate:

For point 3 – ( dominant ) we anticipate increasing black price and decreasing black volume ( jokari window)
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Im a little confused. For every retrace there must be a pt 3 channel? Since price walked out of that channel on decr volume, I would think a fan would be in order and to expect increasing black price w/ increasing volume (a return to the dominant) . Is this a resolution discrepancy or am I off base?

Thanks for your help
 
Spydertrader, as long as we keep having FFBOs does the Lateral Formation remains valid? Do its boundaries remain the same? I'm asking it thinking also about a channel RTL's FBO, and even a pennant's FBO, or forming LF or pennants FBOs. Thanks!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1834554>
 

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Got in GLNG today at around 9:45. On the 30 is the 10:00 bar a Dip or a pt2 traveling to a pt3? Regardless I got out when this bar appeared to be showing increased black on the 5 min chart
 

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Spydertrader, would you please post your annotated ES 5 minute chart for today between 12:30 and 14:15? Thanks!

We usually redraw / fan-out the RTL after an FBO (sometimes the FBO seems to be caused by a noise spike, and the old RTL envelopes more accurately the channel). Does it apply to LF's FFBOs, and maybe pennants, and forming LFs and pennants? Sometimes these LFs seem to cascade: the old one wasn't yet broken out and a new one (inside, outside, or riding one of the old one's boundaries) starts forming.

Reviewing all the posts I've found on this subject I didn't get what's your opinion. Thanks again!
 
Quote from cnms2:

Spydertrader, as long as we keep having FFBOs does the Lateral Formation remains valid? Do its boundaries remain the same? I'm asking it thinking also about a channel RTL's FBO, and even a pennant's FBO, or forming LF or pennants FBOs. Thanks!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1834554>
More...

It ceases to be a lateral formation but is considered a lateral movement since price broke the boundaries of the first bar of the lateral formation and then came back into the formation.

The boundaries stay the same.

Here is a post I made recently and a few posts later Spydertrader confirmed the drawings.
http://tinyurl.com/28wqvc
 
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