Iterative Refinement

Quote from Spydertrader:

Remember, you need the same sequences for both dominant and non-dominant traverses. Keep in mind when a B2B (or R2R) develops. When you 'see' the B2B, have the sequences reached the point where one would expect a B2B?

Also, your first traverse had no end, and as such, you cannot yet know if the lateral you see forming represents a retrace of a larger (wider) traverse (remember the signal to 'fan') or as you suggest, a LTR Traverse.



We have yet to complete a down traverse as we have yet to have an end. Therefore, we can only be in the process of forming a Traverse still to this point. again, on this fractal only.

- Spydertrader
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THIS IS IT! Thank You!

So today was one big dominant traverse on this fractal only. I was trading tapes then today? based on my previous post highlighting actions points?

Or traverses inside this fractal discussed? Again this is nomentclature which I am trying to sort out in my mind.
 
Ok guys, stop for a moment and think.

We needed to see an end.

We did not find an end.

Price sits within a Lateral.

Therefore, since we still need to locate an end to a down Traverse, this Lateral can only be a Retrace of a yet to be completed Traverse.

- Spydertrader
 
Quote from ehorn:

Or traverses within this fractal discussed? Again this is nomentclature which I am trying to sort out in my mind.
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What you 'see' here is Intra-Fractal Movements (I just made up that term) which correspond to actual traverses on smaller fractals (For example, The YM provides a signal for change (10:26) creating the signal for change needed on the 10:30 ES bar, and as a result transforming this (10:30) bar into a New Point One of a soon to be confirmed up traverse).

However, for those only using the ES, no such signal exists. As a result, the trader, wanting to stay on the same trading fractal needs to hold. :)

- Spydertrader
 
Quote from Spydertrader:

Therefore, since we still need to locate an end to a down Traverse, this Lateral can only be a Retrace of a yet to be completed Traverse.

- Spydertrader
More...

BINGO! One big honkin traverse :)

Thanks for solidifying that Spyder! I was almost afraid to think of the day as such. :)

But that leaves me wondering what fractals I am trading on then. I will save this for the weekend study.

I really will bear down on the distinction in fractals so that I can know where I am within each as I trade them.

Thanks again for your time in illuminating us this evening (again) :)

Have a great night Spyder.
 
Since the down traverse had no end, any trades (other than to hold) would represent jumping fractals....or trading tapes within the one traverse.

Intra-Fractal Movements (IFM)...nice!
 
Quote from Spydertrader:

Correct, but more accurately. No signal for change existed to form the FTT on this fractal.

- Spydertrader
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Sure it did! I think ehorn's analysis of the dominant traverse was spot on (where he posted the chart snippet).

In other words I believe the traverse level trader had every reason to reverse to long after the anticipated FTT (following Peak Volume* in the dom traverse) and hold through the anticipated B2B.

So we are long into a non-dom traverse. We anticipate a P3 of our channel and it arrives with the FTT of the non-dom traverse (so what if it fails to traverse after P3?). We held long through P2, P3 until the FTT (which sure enough arrives after Peak Volume in the non-Dom).

* If that is not Peak Volume of the Dom traverse, I don't know what is (irrespective of requirements for accel over 3 bars etc.). Volume peaked, dammit!

What is wrong with this analysis?

I don't get it but I'm sure you are trying to share something important here.
 
Quote from jbarnby:

Since the down traverse had no end, any trades (other than to hold) would represent jumping fractals....or trading tapes within the one traverse.
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Aha! Again, nothing wrong inherently with 'jumping fractals' as long as the trader knows this to be the case.

- Spydertrader
 
Quote from Spydertrader:

What you 'see' here is Intra-Fractal Movements (I just made up that term) which correspond to actual traverses on smaller fractals (For example, The YM provides a signal for change (10:26) creating the signal for change needed on the 10:30 ES bar, and as a result transforming this (10:30) bar into a New Point One of a soon to be confirmed up traverse).

However, for those only using the ES, no such signal exists. As a result, the trader, wanting to stay on the same trading fractal needs to hold. :)

- Spydertrader
More...

Ahhh, You introduced it last evening and I had no idea what it meant :)

I am seeing continuation and change better and better. I just need to perform more drill to insure I know where I am (with respect to each fractal) and its dominance.

Thanks again for everything Spyder!

EDIT: Here you make a clear distinction that traverses do exist (i.e. fractals within fractals) = But the trader must be mindful of what resolution he/she places themself into.

Note to self: New commandment

Thou shalt always know the fractal thou art riding :D
 
Quote from Spydertrader:

Therefore, since we still need to locate an end to a down Traverse, this Lateral can only be a Retrace of a yet to be completed Traverse.

- Spydertrader
More...

I was thinking that if we had a traverse materialize with a BO of the bottom of this enormous lateral, that we would in fact have a channel? down traverse/lateral movement/down traverse

It seems that you are saying that once a breakout occurs, we will have completed a traverse. Is this due to the fact that we have not had end effects of the first traverse yet?
 
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