Iterative Refinement

[ehorn]

I am beginning to think (by the sudden silence) that we are missing something here. I do observe a very large lateral Formation (built from the 10:10 ET bar).

Edited to correct the bar time. Again

 

[Jander]

Perhaps we are dismissing the fact that all of the bars we are discussing took place inside the 10:10 bar aka lateral movement???

EDIT: jinx ehorn! I think you had it right the first time, I am trying to line up numbers w/ different time zones and it is late HEHE

 

[jbarnby]

Quote from Jander:

Perhaps we are dismissing the fact that all of the bars we are discussing took place inside the 10:10 bar aka lateral movement???

/B]

I would agree....and when does price BO of that lateral with two consecutive bars of increasing volume?

 

[ehorn]

Quote from jbarnby:

I would agree....and when does price BO of that lateral with two consecutive bars of increasing volume?

Not today

 

[Jander]

Alright so lets go with the lateral hypothesis, that no signal for change can take place inside the lateral on our fractal. We have a down traverse, followed by lateral movement, which takes us to the BO around 11:30ish. We want to see increasing volume after the BO bar, however we get decreasing volume. Lets go from here?

 

[jbarnby]

Lateral

 

[Jander]

Quote from ehorn:

Not today

LOL, what just happened here?

 

[ehorn]

Quote from Jander:

LOL, what just happened here?

The point I am making (not sure it is accurate) is that if we are looking for a BO of the LM to complete our traverse it does not happen today and it was one big honkin' traverse (Dominant on this fractal) :eek:

 

[Jander]

Quote from ehorn:

The point I am making (not sure it is accurate) is that if we are looking for a BO of the LM to complete our traverse

Complete our traverse? We never had one did we? We have a down traverse, then lateral movement for the rest of the day

 

[jbarnby]

Then it seems to me that in order to respect that lateral we would need to be sure that we didn't get a signal for change on the first down traverse. I need to know, once arriving at the end of the red traverse, that the correct decision is to hold. By not respecting what the JW told us, I would have reversed and set myself up for jumping fractals the remainder of the day!