Iterative Refinement

Quote from sscott:

Quote from Spydertrader:

Drop down a fractal (for educational purposes only) in order to 'see' what actually transpired within the five minute bar. Learn to 'see' how the P-V Relationship operates, and you'll have no need for such a question as this.
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Thanks Spyder.....I later thought there had been a IBGS but didn't see it at the time.
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Is this an accurate depiction of thought process when integrating P,V relationship on 5 min with the one on lower fractal (1 min)?

Appreciate any clues.

Thanks.
 

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Quote from 8833broc:

My take on fmcn.
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I agree with your assessment of FMCN. Although if this is a longer hold(6-8 days) I would take decreasing black volume as a hold or even a quick reverse action back to the point 2. You can also choose to get out which you have chosen and which I think is a great idea. The BO of your pink channel is a great out since weve already reached considerable profits. But WMCN:

If Increased red, the move is hold obviously,

decreased red with continued profits but very little profits Id exit

decreased black or red into pennant or lateral, i would hold until a BO of the pennant or lateral

decrease black where price reaches a higher high and higher low is a reverse signal

I would be monitoring on my 30 min chart by this point to see where the FTT occurs with regards to the pink taped channel on the daily and as I said before the move to a point 2(after BO of pink taped channel) you can exit, hold, or reverse depending on your style and profit taking method.
 
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