Iterative Refinement

[TIKITRADER]

Just to add to Daily ES.
Bar completed a dip today after the point 3 bar on June 17.
Daily bar has also FTT'd so far to the white dominant traverse - left trend line.

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1970991>

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1971045>

 

[bi9foot]

Quote from bi9foot:

Still holding short postion 11% gain so far. Exiting tomorrow morning.

Exited for 16%. Looks like it will go down some more since PRV is at about 95%.

However with the FMOC announcement, I did not want to take any chances.

 

[Mr_Black]

P3

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1971237>

 

[Spydertrader]

Correction: Blue FBO should be 'olive' colored.

- Spydertrader

 

[gucci]

Quote from Spydertrader:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1971237>

Spydertrader, thanks for the charts. In your last pink down traverse why do you have point 3 on encreasing black volume?
TIA.

 

[Spydertrader]

Quote from gucci:

Spydertrader, thanks for the charts. In your last pink down traverse why do you have point 3 on encreasing black volume?
TIA.

Ask yourself a few questions, then 'see' if you can locate the answers. Does the increasing black Bar form in a Normal Fashion? Does how the 12:00 [close of] ES Bar form differ from how one 'sees' things at end of bar? Does the pink Down Channel later confirm with increasing red Volume? Does a signal for change exist? How should one have known, in advance, what to expect?

Lastly, did we not just experience a very similar event (12:55 [close of] ES Bar).

All times Eastern.

- Spydertrader

 

[romanus]

Quote from gucci:

... why do you have point 3 on encreasing black volume?

Quote from Spydertrader:

Whenever we 'see' an Outside Bar, we want to make sure we don't miss a channel.