Iterative Refinement

[gucci]

Quote from Spydertrader:

Re-read my post. I did not say the meaning you have attributed to my comments.

- Spydertrader

Spydertrader, I've reread it several times now and perhaps due fo the fact that english isn't my native language I still can not understand it. Can you just help me by answering my question??? TIA

 

[Spydertrader]

Quote from romanus:

? In other words looking at YM at 1325 (EXACT TIME) shows it inside SYM after attempting to break the lower boundary of SYM, therefore the ES IBGS 1325 [close of] is in apparent conflict with YM signal, and the conflict is a result of YM making pt3 ?

And since the YM leads the ES?

- Spydertrader

 

[Spydertrader]

Quote from gucci:

Spydertrader, I've reread it several times now and perhaps due fo the fact that english isn't my native language I still can not understand it. Can you just help me by answering my question??? TIA

Three ways exist. My post (which you quoted) does not refer to this topic I have answered for you.

1. Your question (quoted here) refers to Points.

2. My commentary (which you quoted) refers to traverses - and not how traverses are formed (points one, two and three). You have confused two different topics

HTH

- Spydertrader

 

[Spydertrader]

Now, note how our current down traverse has provided increasing red Volume (unlike this morning's faulure to provide increasing black Volume). Note also, this current traverse has widen significantly. What does such an event tell us?

- Spydertrader

 

[gucci]

Quote from Spydertrader:

Three ways exist. My post (which you quoted) does not refer to this topic I have answered for you.

1. Your question (quoted here) refers to Points.

2. My commentary (which you quoted) refers to traverses - and not how traverses are formed (points one, two and three). You have confused two different topics

HTH

- Spydertrader

I thought that the movement from point 2 to point 3 IS a nondominant traverse??? What exactly do I confuse??? What do you mean by the two ways in the recent post? Thank you.

 

[Spydertrader]

Quote from gucci:

I thought that the movement from point 2 to point 3 IS a nondominant traverse???

A Traverse (as I have stated earlier today) represents a 'small channel' or as we used to say, Tree level. A traverse is formed by 'tapes' which contain price as it moves between the points. A traverse has a Point One, Point Two and a Point Three. A traverse may form in both the dominant and non-dominant direction of the channel. In this example, the word Traverse is a noun (person, place or thing). The verb (action) traverse means for Price 'to move' in a direction.

By example,

Price Traverses a channel (means Price moves across a chanel).

Price created a non-dominant Traverse (means Price created a smaller channel inside the larger channel which moved in the opposite direction of the current channel [or trend]).

Perhaps, you have confused the noun and the verb.

Again, all of these descriptions exist in the bundlemaker channel video and represents nothing new.

- Spydertrader

 

[romanus]

Quote from Spydertrader:

Note also, this current traverse has widen significantly.

By current traverse do you mean this one (pt1=1240 close of, pt2=1310 close of, pt3=1400 close of)?

Quote from Spydertrader:

What does such an event tell us?

Not sure which event is referred to:

1.increasing red Volume (unlike this morning's faulure to provide increasing black Volume)

2. this current traverse has widen significantly.

or both?

 

[gucci]

Quote from Spydertrader:


- Spydertrader [/B]

Thank you Spydertrader. I think I have to sleep over it...

 

[Spydertrader]

Quote from romanus:

By current traverse do you mean this one (pt1=1240 close of, pt2=1310 close of, pt3=1400 close of)?

No. Point Three = 14:45 [close of] ES Bar.

Quote from romanus:

Not sure which event is referred to:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1945124#post1945124

Quote from Spydertrader:

Again, once we have our channel in place, and Price moves enough to significantly widen our channel, we know we have to build another dominant traverse before we can build another non-dominant traverse to take us back to the RTL of the channel.

 

[tobbe]

Todays chart.