Iterative Refinement

[bi9foot]

Quote from bi9foot:

A possible long candidate.

VISN broke out of the Lateral Movement as anticipated on increasing black volume giving a continuation signal.

Yesterday's VISN Chart

Bought VLCM as it created a FTT on the purple down traverse.

 

[ljyoung]

Quote from Spydertrader:

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

Thank you. By this I take you to mean INTRABAR sequences and this is very helpful. And yes, you are correct that I'm not quite ready to take an 'inside the outside bar' ride but that can wait.

Regards,

lj

 

[romanus]

Quote from Spydertrader:

... a signal to change short at 13:05 Pm...
Lastly, the market signal short for the Final Time at 15:15 PM

'hoo-ah!'
'Yippee-Ka-Yay!'
Definitely saw those two!
Enormous thanks for the advice to do reps of 20 charts!

 

[ehorn]

Quote from ljyoung:

Thank you. By this I take you to mean INTRABAR sequences and this is very helpful. And yes, you are correct that I'm not quite ready to take an 'inside the outside bar' ride but that can wait.

Regards,

lj

I might be so bold as to add that watching them form on the YM is very helpful as well.

 

[ljyoung]

Quote from ehorn:

I might be so bold as to add that watching them form on the YM is very helpful as well.

Thank you ehorn. Your boldness is much appreciated.

lj

 

[Spydertrader]

Quote from ehorn:

I might be so bold as to add that watching them form on the YM is very helpful as well.

Without a doubt.

However, just to be clear.

All charts posted today used Monitoring exclsuively of the 5 minute ES. I peformed all Analysis using nothing more than the 5 minute ES. All Decisions resulted from the 5 minute ES, and all Actions taken derived their impetus from the 5 minute ES.

There is a reason I have often said Any Market on Any Time Frame. After all, Equities don't have the YM to lead them - now do they.

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

Without a doubt.

However, just to be clear.

All charts posted today used Monitoring exclsuively of the 5 minute ES. I peformed all Analysis using nothing more than the 5 minute ES. All Decisions resulted from the 5 minute ES, and all Actions taken derived their impetus from the 5 minute ES.

There is a reason I have often said Any Market on Any Time Frame. After all, Equities don't have the YM to lead them - now do they.

- Spydertrader

Right on... What a year this is turning out to be!

 

[Jander]

Quote from Spydertrader:



All charts posted today used Monitoring exclsuively of the 5 minute ES. I peformed all Analysis using nothing more than the 5 minute ES. All Decisions resulted from the 5 minute ES, and all Actions taken derived their impetus from the 5 minute ES.

- Spydertrader

Huge thanks for everything today Spyder. I think the tree level suits the kind of trading I am aspiring to and I believe the decision points on this level will be my focus until further notice.

I have one clarification issue so that I may focus on 'D' at the tree level. Are non-dominant retraces of 'traverses' to be traded or held through at the tree level? For instance, it seems to me that the Bar 8 reversal long is trading the non-dom of a traverse, (which turned out to be a good idea as a BO occurred). However, 11:10-11:50 also seems to be a similar non-dom retrace of a traverse that was not taken (which also turned out to be a good idea as a BO did not occur)

Thanks again for your tireless efforts

 

[Spydertrader]

Quote from Jander:

Are non-dominant retraces of 'traverses' to be traded or held through at the tree level?

In order to insure that we use the same vocabulary for both the question and the answer, allow me to make sure we currently find ourselves on the same page.

Beginning with the close of today's 10:25 AM ES Bar through the close of the 10:40 AM ES Bar, the market finds itself in a non-dominant retrace of a forming Point Three. As such, a 'Tree' Resolution (Traverse) Level trader holds through this area.

In addition, the market provided a signal for change prior to this forming Point Three (the 10:10 AM ES Bar) which told the trader to take action. Whereas, the same trader at 11:10 received a signal from the market indicating the time had not yet arrived to take action.

As a result, the decision to take action, or not, results from the signals provided by the market at the specific point in time indicated by the trader's resolution level.

In other words, we do not jump trading fractals.

Let me know if the above provides the answers required.

- Spydertrader

 

[romanus]

Quote from Jander:

However, 11:10-11:50 also seems to be a similar non-dom retrace of a traverse that was not taken (which also turned out to be a good idea as a BO did not occur)