Iterative Refinement

Quote from dkm:

Do we have a lat trav since 10:20 (lat mov) or a short trav since 10:40? Or both?
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David this is what I have for this am.

9:50 - lateral traverse
10:25 - lateral retrace
 

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Quote from bi9foot:

David this is what I have for this am.
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Thanks. It would appear that the short trav was the answer. I am just trying to see at what point the LM from 10:20 could be discounted. I suspected an FTT at close of 10:40 (eob) but could not see a traverse level change signal.
 

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Quote from bi9foot:

David this is what I have for this am.

9:50 - lateral traverse
10:25 - lateral retrace
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I would flip those bi9. From 9:50 to 10:10 we had a lateral retrace (Pt2 to Pt3) and then at 10:20 we began a lateral traverse that had a change of dominance at 10:40 and confirmed at 10:55.

and that's the way I saw it.
 
FWIW, I did not see a traverse level change signal at 10:35 [QT time] = 10:40 EOB. To be clear I'm not saying that anyone else said they did (or didn't for that matter).

lj

Edit: To be clear, I was typing while guavaman was posting and I agree with him that there has been a change in dominance but not in mode, for a traverse level trader.
 
Quote from guavaman:

I would flip those bi9. From 9:50 to 10:10 we had a lateral retrace (Pt2 to Pt3) and then at 10:20 we began a lateral traverse that had a change of dominance at 10:40 and confirmed at 10:55.

and that's the way I saw it.
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If your lateral started at 10:20, what is you signal for change in dominance at 10:40? 10:40 closed outside the boundaries of the 10:20 bar with increasing volume.

10:40 was a dominance change for me becuase I use the 10:25 as the start of my lateral and 10:40 failed to exit that boundary on inc black vol.
 
Quote from guavaman:
:p
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Great chart guava, but what happened to the old color scheme? After all the time spent mulling over your old charts I really miss it :eek: .
 
This is what i have for today so far. The comments on the chart are directed towards me (to figure out during debrief), but as always, any comments or answers are welcome!

Thanks,

TNG
 

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