Iterative Refinement

Quote from gucci:
Spydertrader,
is YM in a lateral channel during the last hour?
PS: Comments from all are appreciated.
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If you post your chart, then we can better understand what you are asking about.
 
Thank you Spydertrader for posting your chart this morning. I compared mine to yours found one channel I drew in that you did not, ( I since deleted it). I was delighted to find that my guassians matched yours EXACTLY for the morning...( woo hooo!!!).
I knew in advance today which way the market was going using WMCN on the tree (traverse) level. :D
 

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Quote from Spydertrader:

For those trading on the 'Tree' Resolution Level (Traverses), the market has provided no additional signals for change since 11:00 AM Eastern Time. Again, for this specific trading fractal, one should have continued to hold long through 1:00 Pm Eastern Time.

In addition, no signal for change developed on the 1:00 PM [close of] ES Bar, and as such, one needs to hold long here as well.

Again, if you 'see' things differently, or you 'just don't see the market this way,' or you had additional trades while on the same trading fractal, or your annotations differ, then review my previous post for the exact recommendations of what to do next.

Read the previous post several times if need be in order to make absolutely sure you haven't 'translated' the intent of my post through your own mental filters.

HTH

- Spydertrader

Edit: All times Eastern and [close of] Bar

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1995275>
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Hi Spyder,

Long time no talk. For the life of me I cannot see why the Point 1 green yen bar is not an IBGS. The same holds true for the red yen bar. Both bars do not appear to be 'failed' IBGS's albeit that the red yen bar is immediately 'reversed' with an IBGS. The latter bar pair looks to be the same as the "IBGS pair" a couple of bars to the left. Volume is not of consequence for defining an IBGS and in both instances the 'yen bars' are part of a LM. Is there some criterion(a) for an IBGS which has escaped my appreciation?

TIA

lj
 
Quote from ljyoung:

Is there some criterion(a) for an IBGS which has escaped my appreciation?
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The 'Yen' Symbol (Â¥) denotes Price crossing 'one tic' over the Bar Open (AKA "If One"). The IBGS Shading Denotes a 'two tic' cross over the Open of a Bar. In real time, both these dominos need to fall (along with a few others) for Price to create an Outside Bar. Learning the 'sequences' which create Outside Bars helps a trader understand how Price and Volume flows throughout the trading day - enabling the trader to 'see' the turns in the market at faster fractals. For End of Bar Traders, (especially those trading on the Tree [Traverse] Level Resolution) these 'landmarks' matter little until 'End Effects' arrive on scene.

- Spydertrader
 
Those traders focused on the 'Tree' (Traverse) Level Resolution received a signal to change short at 13:05 Pm followed by a signal to change long at 14:15 PM. Lastly, the market signal short for the Final Time at 15:15 PM - with an Exit at EOD.

HTH

- Spydertader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1995624>
 

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