Iterative Refinement

[Spydertrader]

Quote from treeline:

I have trouble seeing the 11:25 EST bar as having black V

Drop to a one minute fractal to 'see' the changes within that five minute bar - increasing black to decreasing red to increasing red - all within the same bar. However you wish to annotate that sequence is how you should do it, as long as you can 'see' the changes as they develop.

- Spydertrader

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1906057>

 

[ehorn]

Quote from Spydertrader:
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1906063>

There appears to be a forest level channel (see picture) which is being respected too

EDIT: Actually it is bar 3 for PT1 (sorry)

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1906150>

 

[tobbe]

 

[LostTrader]

ES

 

[LostTrader]

YM

 

[guavaman]

Got a late start

 

[Drewkari]

Chart for the day. Hope it helps.

 

[The Flaw]

The area highlighted is where I thought about readjusting for a new big picture point 3. We did not have a break out on increasing red volume. I treated it as just a series of FBO's until volume showed another tree level channel. Either way, the big picture worked great!