Iterative Refinement

[TIKITRADER]

5 minute ES July 31 2008

 

[esjockey]

Can't believe I didn't annotate the 11:00 down channel (my channels are all burnt orange) until I saw it on Mr Black's chart a minute ago. Sure got lost in the details today.

 

[esjockey]

One question I have is whether a lateral tape like the one at 11:15 eob is a valid retrace to form my black down traverse.
Does it depend on whether the 11:20 bar closes higher or lower?

 

[romanus]

ES 7/31/2008 5m

 

[romanus]

Quote from romanus:

ES 7/31/2008 5m

 

[sscott]

Quote from romanus:

ES 7/31/2008 5m

Thanks for the chart.....

 

[ehorn]

Quote from romanus:

I butchered up your debrief chart a bit

 

[ljyoung]

Quote from TIKITRADER:

Did we just get a change in pace on bars 75, 76, and 77, and then get peak volume on bar 78?

Does a change in pace happen just before a peak volume bar?

Is this what we are looking for?

In other words we must see a change in pace first , then peak volume follow?

Then peak volume bar showed an IBGS on this bar 78.

V76-75 = 6810, V77-76 = 3860, V78-77 = 65141 so pace fell then rose dramatically across those 4 bars. The 3 bar comparison fits with what appears to have been presented so far but there remains the question of context. My answer to your question is that I don't know. Bar 78 easily has the largest volume of the day but that's a red herring I think. Certainly the IBGS is providing a powerful signal for change.

lj

 

[Avi 8]

Quote from ehorn:

I butchered up your debrief chart a bit

Great! The 'missing' down traverse was added, which now will show where the missing down channel and FTT are located.

Quote from ljyoung:

...Certainly the IBGS is providing a powerful signal for change.

On what fractal?

 

[ljyoung]

Quote from Avi 8:

Great! The 'missing' down traverse was added, which now will show where the missing down channel and FTT are located.

On what fractal?

Tape.

lj