Iterative Refinement

[romanus]

Quote from ehorn:

The area in question (FTT bar), you have as a RED bar.

Can't have an FTT before pt3

 

[Spydertrader]

Quote from PointOne:

No action on 12:05 (open time) bar? Looks like an FTT.

Anyone who, in real time does not know, why the 12:10 AM [close of] ES Bar could in no way be forming an FTT should procede directly back to Monitoring. The same is true for the 12:25 and 12:45 [close of] ES bars.

Many thanks to PointOne for posting this question.

Not looking back now. Not looking back at the end of the day. Not even one bar later, but at the close of the 12:10 AM Bar, if you did not know that this bar, could in no way be forming an FTT, then you have missed a critical component of the Monitoring Phase.

This is the yardstick everyone should use in order to determine for themselves whether or not they have completed the 'M' Pase of the M-A-D-A Process.

Quote from PointOne:

Should I resist the urge to fan and instead look for the next 1,2,3 channel ASAP?

The market itself tells you when the trader needs to fan inward (create an Accelerated Traverse) or the need to fan outward (create a Decelerated Traverse) is developing. One simply needs to Monitor for the signal to present itself.

Thanks again for posting the question. You may not feel I provided an answer, but I promise, one day, you'll 'see' that I did.

- Spydertrader

 

[nkhoi]

Quote from ehorn:

... But the correct coloring should be black, ..

close was lower than open but the bar was black? strange!

 

[ehorn]

Quote from PointOne:

No I don't, it is pink, similar to Spyder's background shading of IBGS bars. Look at my volume pane.

Thanks for looking though.

Oops, Sorry bout that, my eyes are shot

Do you perceive lateral movement in that area?

 

[Spydertrader]

Quote from nkhoi:

close was lower than open but the bar was black? strange!

Price made a Higher High. What color Volume sends Price higher? After making a new High, Price headed Lower. What color Volume sends Price lower? Hence the name Intra-Bar Gaussian Shift (I.B.G.S.)

- Spydertrader

 

[ehorn]

Quote from romanus:

Can't have an FTT before pt3

Hi romanus, For clarity, I agree. I was replying to what PointOne perceived as a possible FTT. I did not perceive it that way. I saw lateral movement (PT2-PT3) forming.

 

[romanus]

Quote from ehorn:

Hi romanus, For clarity, I agree. I was replying to what PointOne perceived as a possible FTT. I did not perceive it that way. I saw lateral movement (PT2-PT3) forming.

sorry, I misunderstood

 

[nkhoi]

Quote from Spydertrader:

Price made a Higher High. What color Volume sends Price higher? After making a new High, Price headed Lower. What color Volume sends Price lower? Hence the name Intra-Bar Gaussian Shift (I.B.G.S.)

- Spydertrader

looks like I missed that memo, time to redo the chart color again.

 

[PointOne]

Quote from Spydertrader:

Thanks again for posting the question. You may not feel I provided an answer, but I promise, one day, you'll 'see' that I did.

- Spydertrader

There was no ftt on the faster/steeper fractal.

That reminds me, when are we going to discuss Jack's 7 2-bar cases?

(For the avoidance of doubt, I was not looking at this bar in real time, I went to bed just before 12. Just so everyone is clear on that.)

 

[Spydertrader]

Quote from PointOne:

That reminds me, when are we going to discuss Jack's 7 2-bar cases?

Jack posted a few days ago regarding his plans to provide commentary with respect to his 'examples' file I posted last week. I expect Jack is compiling his thoughts as we speak (type). Perhaps, you can request Jack include the 'Seven Cases' in his comments as well.

- Spydertrader