Iterative Refinement

gucci · Jul 21, 2008

Quote from Spydertrader:

Olive Green, Light Blue (Cyan) and Kelly green (also Red, Orange and Brown) represent tapes. Royal Blue and Pink do not represent tapes.

This is exactly the problem I have. The royal blue doesn't fit the definition of a traverse.

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

callmate · Jul 21, 2008

Quote from gucci:

This can be the case. I'll prepare Â´my work or art` for tomorrow.

Do drills, drawing tapes, 'Chubby' Tapes, Channels / Traverses until the cows come home.

Tums, I have a feeling I am being watched by someone

Tums · Jul 21, 2008

Quote from callmate:
Tums, I have a feeling I am being watched by someone

WE are all watching you...

anxiously waiting for you to post your next exploit.

;-)

Spydertrader · Jul 21, 2008

Quote from gucci:

This is exactly the problem I have. The royal blue doesn't fit the definition of a traverse.

Review this post.

- Spydertrader

guavaman · Jul 21, 2008

Quote from Tums:

How does your chart look compared to Spyder's?
Is it 100%? or 90%? or 50% similar?

For all who seek the correct way of seeing the market; nothing more needs to be said

brandx · Jul 21, 2008

Quote from Gucci

This is exactly the problem I have. The royal blue doesn't fit the definition of a traverse.

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

But doesn't it fit the definition of a Channel?

gucci · Jul 21, 2008

Quote from brandx:

But doesn't it fit the definition of a Channel?

I can not figure out how this can be the case.

Spydertrader, thank you for the reference. But it didn't provide clarification. There must be a kind of mental block in my head.

Avi 8 · Jul 21, 2008

Quote from gucci:

I can not figure out how this can be the case...

Dude, in all seriousness, Tums is really being helpful and patient with you.

How about doing what he asked several times????

brandx · Jul 21, 2008

Quote from Gucci

I can not figure out how this can be the case.

Bar 3 had a VE on low volume that indicates possible change. Bar 4 listed as FTT with most of volume going short.

You already gave the definition of a Channel. Of what can you not figure to be the case? That Channel / Traverse means Channel AND/OR Traverse?

Jander · Jul 21, 2008

Quote from gucci:

I can not figure out how this can be the case.

Spydertrader, thank you for the reference. But it didn't provide clarification. There must be a kind of mental block in my head.

It is a 'chubby tape'. For all intents and purposes, it is equivalent to a traverse except for the construction of it. Spyder annotates both traverse and chubby tape in the same manner

HTH