Iterative Refinement

[treeline]

Quote from tc8:

Would anyone have historical UNannotated charts of the 5minES they would share

I chose a day at random other than to make sure Spydertrader posted his chart that day:

 

[ehorn]

Quote from tc8:

Would anyone have historical UNannotated charts of the 5minES they would share, so I can practice hindsight annotation, and compare my progress to Spyders charts in this Journal ?

I'm hoping 100reps on static charts might help to build some understanding!

Hi tc8,

I can throw up todays (7/17) and Tuesdays (7/15). Since Spyder has provided his charts for those 2 days, you to compare notes with the teacher.

Hope that helps.

7/17 attached.

 

[ehorn]

7/15 attached

 

[tc8]

Treeline, Thanks! I checked, and yes I have spyders Charts for that day.

Ehorn, Thank you too!
only 97 more to go, then the AHA's are sure to strike.

 

[treeline]

Quote from treeline:

I chose a day at random other than to make sure Spydertrader posted his chart that day:

and one more (all times CST on both charts):

 

[Jander]

Quote from Spydertrader:

Tape = Two Price Bars with 2 of the 3 points (Point 1, Point 2 & Point 3) on one of the two Price Bars.

'Chubby' Tape = Minimum of Three Price Bars with Point One and Point Two on the same Price Bar with Point Three located minimum two Price Bars into the future.

Channel / Traverse = Minimum of Three Price Bars with Point One, Point Two & Point Three located on three different Price Bars.

FT3 = Where Point Three, Increasing Volume and an FTT all converge on the exact same Price and Volume Bar.

- Spydertrader

Quick question regarding the first up traverse of the day (blue). This also fits the definition of a 'chubby tape'. I have noticed that there is a blurry area sometimes with 'narrow' tapes/chubby tapes/traverses that make it difficult to discern what you actually have. This is important for the sequencing rules...

Can it be both a chubby tape and traverse?

 

[romanus]

Quote from Jander:

Quick question regarding the first up traverse of the day (blue). This also fits the definition of a 'chubby tape'. I have noticed that there is a blurry area sometimes with 'narrow' tapes/chubby tapes/traverses that make it difficult to discern what you actually have. This is important for the sequencing rules...

Can it be both a chubby tape and traverse?

http://www.elitetrader.com/vb/showthread.php?s=&postid=1962001&highlight='Chubby+Tape'#post1962001

 

[Jander]

Quote from romanus:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1962001&highlight='Chubby+Tape'#post1962001

Thanks...

Somehow I missed that a chubby tape can be a traverse of a channel (and are annotated by Spyder the same way [in terms of thickness] as a traverse)

I appreciate it Romanus

 

[romanus]

Increasing red volume 1530 eob should alert one that dominant red has arrived before price broke out the RTL of traverse and as such the next 1535 eob may be considered pt2 to pt3 retrace. Today has been a tipping point in my decision to tattoo on my forehead this statement: Whenever increasing Volume arrives onto the scene, always look to see if Price has created a Point Three.

 

[Jander]

Quote from romanus:

Increasing red volume 1530 eob should alert one that dominant red has arrived before price broke out the RTL of traverse and as such the next 1535 eob may be considered pt2 to pt3 retrace. Today has been a tipping point in my decision to tattoo on my forehead this statement: Whenever increasing Volume arrives onto the scene, always look to see if Price has created a Point Three.

I noticed that 'retrace of a retrace' typically has an FTT on the first dominant move after the traverse is in place (meaning an FTT prior to VE/flaw). I noticed Spyder didnt have this channel in place but I thought maybe he just deleted it later. More likely that it is incorrect, but I cant figure out why? Not alot of incr. blk to confirm p3 but it's close