Iterative Refinement

[treeline]

Yesterday's ES

 

[ticktrade]

another attempt at posting a chart. Partial annotations, first real attempt with new software.

 

[romanus]

Quote from ticktrade:

... Just wanted to share some observations.

This is very helpful. Thank you, ticktrade.

 

[Mr_Black]

JW.... continuation change

 

[Padawan]

Quote from romanus:

This is very helpful. Thank you, ticktrade.

QFT. Thanks, ticktrade.

 

[R/R]

Quote from Spydertrader:

You annotated a Point Three Up Channel which began as a Traverse. Since this Traverse widened to the Point where it then mirrored the demensions of a channel, one would then expect traverses to, once again, form inside it. Tapes build traverses, and traverses build channels. Once your traverse grew to the size of a channel, you then need a traverse to 'carry' price back across to the other side. The only other option is a 'rocket' (basically a long tape which keeps going). Extremely rare is the case where we see rocket up followed by rocket down.

So, since we know we need a traverse to carry Price back across this new (widened) channel, we must then have an up traverse before we can have a down traverse.

Also, Non-dominant traverses form in two ways: Point Three's and Lateral Movement.

- Spydertrader

Can someone please point out the location of the chart that was being referenced here? Spyder's reply was to Ivob's post linked below, but this section of chart is showing a later point in time.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1922687#post1922687

I am aware of Ivob's next post linked below that showed the point in time being discussed but I am having a hard time figuring out the specific channel(s) Spyder was referencing in the original reply quoted above.
http://www.elitetrader.com/vb/showthread.php?s=&postid=1922924#post1922924
edit: fixed links

 

[LittleMac]

Got long LAZ today at 2:30 when PRV showed increasing black volume. Stock pretty much flat-lined towards the end of the day. It went into a pennant and then a lateral to close out the day. Hopefully it makes a go at the pink RTL on Monday with increasing black showing.

A question I have is how to interpret the volume bars in the circled area relative to the price bars. It shows increasing red but could very well be increasing black considering the price movement was neutral. It also formed a pennant and a lateral which I am not accustomed to seeing form on increasing volume. How does one interpret these end of day bars, continuation or change?

Comments needed as I have more shares than usual in on this one.

 

[gravitonium77]

I hope this isn't OT. I'm reviewing the Futures Journal and it appears as though all the file attachments are missing, including all the charts, etc. Any idea if this is an ET problem or my problem?

THank you.

 

[romanus]

Quote from gravitonium77:

I hope this isn't OT. I'm reviewing the Futures Journal and it appears as though all the file attachments are missing, including all the charts, etc. Any idea if this is an ET problem or my problem?

THank you.

I noticed it too. The same going on in the equities journal

 

[R/R]

Quote from gravitonium77:

I hope this isn't OT. I'm reviewing the Futures Journal and it appears as though all the file attachments are missing, including all the charts, etc. Any idea if this is an ET problem or my problem?

THank you.

I see the same problem so it's ET.