Iterative Refinement

[romanus]

Quote from Mr_Black:

Technically represents that price was unable to extend to LTL and Start making extensions in the opposite direction toward RTL

Here's what I mean:



A Failure to Traverse represents a signal for change at a specific point in time. In other words, while Price fails to reach the LTL, this isn't the only requirement for an FTT. It also needs a signal for change.

 

[Mr_Black]

Quote from romanus:

Having a bit of a problem in the area marked with rectangle locating the change signal in a red down traverse, that ends it.

Any hints would be much appreciated.

See how trends move in your sample ..... note that Change signal is late signal The last signal that something is cooking

 

[Mr_Black]

Quote from romanus:

Here's what I mean:



A Failure to Traverse represents a signal for change at a specific point in time. In other words, while Price fails to reach the LTL, this isn't the only requirement for an FTT. It also needs a signal for change.

This is nice thank you

 

[Mr_Black]

ES

 

[gucci]

Exercise for the brain. Find the redundance...

Part 1.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2055723>

 

[gucci]

Part 2.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2055724>

 

[dkm]

Quote from gucci:

Exercise for the brain. Find the redundance...

 

[TIKITRADER]

ES U8 Daily Chart September 5 2008

 

[gucci]

Quote from dkm:

Hi, dkm,
I just wanted to chew through laterals. Sorry if I sidelined you. That was most definitely not my intention. By the way I really appreciate your contributions to the thread. I just also wanted to contribute...

PS: I guess, I have to abstain from it.. Sorry. Nr 7

 

[romanus]

Quote from gucci:

...
I just wanted to chew through laterals. ...

Here's another something to chew on :

Quote from Spydertrader:

For months, some people stare at the same charts everyday seeing nothing different, yet others, look at the same chart and see all they need to profit. The chart did not change. A new, special, double-secret tool didn't unlock the door to success. All the information ever needed sits 15 inches from all our faces each day. Looking at the same chart from a different point of view might prove all that is needed for some to turn the corner.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1649278#post1649278