Iterative Refinement

[jbarnby]

Quote from Jander:

Yah from me as well

Looks like down tape, lateral movement, down tape (all in one bar) . However, I dont get a change signal from the last bar. Seems to me that we get a lateral retrace followed by another dominant attempt that FTT, showing the change signal and thus the new pt1 for the next traverse. Just IMO

I agree, I think the FTT should be the last dominant bar.

 

[Spydertrader]

Quote from Jander:

However, I dont get a change signal from the last bar. Seems to me that we get a lateral retrace followed by another dominant attempt that FTT, showing the change signal and thus the new pt1 for the next traverse. Just IMO

And what signal for change do you see on that 10:25 or 10:30 ES [close of] Bar?

- Spydertrader

 

[Jander]

Ok, however, what is our traverse level change signal here? An ftt, if Im not mistaken, needs to be either Jokari Window Change, Pennant FBO, or Peak Volume. Looks like jokari to me, price makes lower low on decreasing volume, turns into an OB. I am making some assumptions here and hope to be corrected if out of line.

 

[jbarnby]

Quote from Spydertrader:

And what signal for change do you see on that 10:25 or 10:30 ES [close of] Bar?

- Spydertrader

IBGS

 

[Spydertrader]

Quote from Jander:

Ok, however, what is our traverse level change signal here? An ftt, if Im not mistaken, needs to be either Jokari Window Change, Pennant FBO, or Peak Volume. Looks like jokari to me, price makes lower low on decreasing volume, turns into an OB. I am making some assumptions here and hope to be corrected if out of line.

Review what the Jokari window says. Are you sure a signal for change exists? Again, on this fractal.

- Spydertrader

 

[Spydertrader]

Quote from ehorn:

2nd observed traverse of the day.

Stick with the first until you are sure you have everything correct.

- Spydertrader

 

[jbarnby]

Quote from Spydertrader:

Review what the Jokari window says. Are you sure a signal for change exists? Again, on this fractal.

- Spydertrader

OB...price made a higher high on DBV...price will continue down?

 

[ehorn]

Quote from Spydertrader:

Stick with the first until you are sure you have everything correct.

- Spydertrader

I observe 10:35 ET bar close at TL of existing traverse. 10:40 ET bar open outside the dom traverse and shows IBV (JW Change). Change signal on the traverse level

 

[Jander]

Quote from Spydertrader:

Review what the Jokari window says. Are you sure a signal for change exists? Again, on this fractal.

- Spydertrader

Ok.. Definite possibility of a fractal jump here. I assumed there was a signal for change, simply because price is no longer going down. The only other possibilty I can think of is that there is in fact no signal for change on traverse level, that a fan is in order. However, there does seem to be a clear ftt, and if not jokari, I dont see it matching the other 2 possibilities that have been discussed

 

[jbarnby]

hmmmm....the more I look at this chart it seems the market was telling us to keep fanning our traverse. Perhaps there was no signal for change today. Hold short all day? Or maybe I'm just suffering "tape-traverse exhaustion"!