Iterative Refinement

[innersky]

This is how I saw today... The big blue channel was drawn around 10:30 am, and when I came back in the evening, price was still contained in the blue channel. As such, one could view today as one long hold.

--
innersky

 

[romanus]

Quote from romanus:

This is actuallty an awesome drill. It clearly shows that every signal that one thought to be a change was later invalidated by the market. I just did that and it's incredible!!!

1220 eob - Outside bar and IBGS (also pennant BO) - change
Next bar forms FBP. Failure to provide more increased volume indicated the trend has not changed.

1235 eob - IBGS on increased volume- change.
Next 1245 eob fails to BO the Lateral Movement with price closing back inside on 1250 eob.

1405 eob - Outside Bar and IBGS (also lateral formation FBO) - change.
Next two bars show decreasing red volume, not what one would expect after formation BO for a trend to change.

1435 eob - Outside bar and IBGS - change.
Next 1445 eob BO of the lateral on increased volume with failure to show more volume on 1450 forming a pennant.

It seems like the 'resolution' and 'jumping fractals' are two names for the same concept that holds everything together here. Is this something that can be learned at least through repetitive annotation drills?

 

[ehorn]

Quote from romanus:

The market has already built two traverses: dominant and non-dominant (in the form of lateral). Now you have a BO of lateral on increasing volume followed by a bar that fails to provide more increasing volume - this signals change preceding the price movement from pt2 to pt3 of the new dominant up traverse. Where and how that bar closes is irrlevant, the only thing that matters is that it failed to provide more increasing volume.

Wow! Look at you go Nicely done...

 

[romanus]

Quote from ehorn:

Wow! Look at you go Nicely done...

Actually this appears to be totally wrong.
What I have annotated as a traverse is a tape ( no retrace, not even a decreasing black volume, only decreased volatility on increased volume signaling ?something? to those who don't understand these methods ) and the entire day was bound by one up traverse as it seems to me now. Or not

 

[TIKITRADER]

This is what I had seen on bars 55 to 63.


Edit: Forgot to put reason for long.

Volatility expansion of the traverse ( bar 63 )followed by inside bar of SYM pennant on increasing black and getting more increasing black on bar 65. Followed by a lateral that had a breakout on increasing black. Then a series of laterals with increasing black breakouts occured.


I have also recently eliminated the 20sma and pivot point from chart to focus on the 5 minute ES bars without any distractions.

 

[Spydertrader]

Quote from dkm:

Right now I don't know if I am annotating correctly or incorrectly. In all likelihood I am probably reinforcing bad habits but, then again, how could I tell?

Everything under the sun has a beginning and an end. What begins a Traverse? What creates a Traverse? What ends a Traverse? The market provides these answers.

Quote from romanus:

Is this a binary definition: third volume bar in a sequence is higher (even by 1 contract) and we have a Peak Volume?

This is not the defintion provided for Peak Volume. You've translated the defintiion into something not implied, nor inferred.

Quote from tobbe:

Knowing the traverses to be wrong does not mean I understand that they are wrong, unfortunately. According to the way I have come to understand the method they are valid 'movements' on at least one fractal.

Nothing unfortunate at all about your view of these movemnts- as you describe them. After all, you do 'see' them, and that, is a very good start. All that remains is to determine whether or not these movements represent a traverse. And that is a lesson (for you) which you can learn once you arrive at 'A' (Analysis).

Quote from romanus:

Is there a drill that would help seeing it sooner?

Repeat the same drill after market hours during debrief. In time, you'll build the mental pathways required to see it faster.

First, we learn to see, and then, we learn to 'see' faster.

Quote from TIKITRADER:

Volatility expansion of the traverse ( bar 63 )followed by inside bar of SYM pennant on increasing black and getting more increasing black on bar 65. Followed by a lateral that had a breakout on increasing black. Then a series of laterals with increasing black breakouts occured.

What told you to go short? And, do you mean to say that 'several bars' told you to go long? This is your 'signal?'

- Spydertrader

 

[TIKITRADER]

Maybe I need some work yet on traverse, but this is what I had. An up averse, followed by a down traverse, then had looked for another uptraverse.

I don't mind starting at the beginning, this is great stuff.

 

[phineas j. w.]

Quote from Spydertrader:

Anyone who annotated a down traverse on their charts today. Kindly detail the signal for change which caused you to go short and the signal for change which caused you to return to the long side.

- Spydertrader

13:35: Green PT3 UP, confirmed on increasing volume.
14:05 signal for change short. Jokari Window, decreasing price on increasing volume. TRAVERSE LEVEL signal for change
14:45: Red PT3 Down, Price BO of lateral on increasing volume. Red PT3 down was never confirmed.
14:50 Signal for change long. IBGS on increasing volume. TAPE LEVEL signal for change.

I had anticipated that Red PT3 down would need to be confirmed, followed by a TRAVERSE level signal for change reversal. Price starting back up without such a change. I've clearly misread something(s). Just not sure yet what.

Thanks for any help,
Phineas

 

[ehorn]

Quote from romanus:

Actually this appears to be totally wrong.
What I have annotated as a traverse is a tape ( no retrace, not even a decreasing black volume, only decreased volatility on increased volume signaling ?something? to those who don't understand these methods ) and the entire day was bound by one up traverse as it seems to me now. Or not

I observe 5 traverses on the day within a "Super Channel".

While the LM is not considered a "traverse" I do have a PT3 channel formed by the BO @ 11:50AM ET. Which was fanned @1:25PM ET and fanned again @ 2:50PM ET.

 

[LittleMac]

TikiTrader I had the annotations exactly how you did on my rough annotation draft. I think were the only two from what I sawwith a carryover traverse from the previous day to start off the day. Thus Pt 3 of that traverse became our fanned traverse pt 1 when the lateral that began at 12:55 finally produced a BO with comtimued increasing black volume. I'm interested to see if we are dead on in our annotations, close or way off.