Iterative Refinement

Quote from romanus:

Sorry for taking so long to respond, but I did not have the answer back then.

Bars 7 to 10 in a second pic do not form a traverse because the increasing volume, which is needed to confirm pt3, comes from pennant BO.
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Thank you very much!!!:)
 
Quote from romanus:

Bar 5 (9:55 [close of] on 09-08) is pt3 not because it's BO of the pennant, but because next bar has increasing red that does not come from pennant BO:
http://www.elitetrader.com/vb/attachment.php?s=&postid=2059094

The examples you found, could you post the dates and times - I am pretty confident some increasing volume can be found in those examples that does not result from Lateral (either Movement or Formation) BO / FBO or from a Pennant / Adjacent bar Even Harmonic BO / FBO
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Check Spyder's original chart for 9/8 posted near the market close.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2058754
Note bar 5 and bar 6 both have decreasing volume after the pennant BO. Increasing volume didn't come in until the next (IBGS) bar. This is the also way it appeared in my charts real time as I remember it clearly. So I must assume Spyder saw it this way also in real time and still made the same decision about the validity of the point 3. Sometimes that's all you get to make your sequence.
 
Quote from dkm:
edit: I have found numerous examples in spyder's charts where a penn bo DOES form a p3 (e.g. 9:55 on the 8th) so this conclusion cannot be correct.
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Did you invent this? or did you find it in the methodology somewhere?
 
Quote from R/R:

Check Spyder's original chart for 9/8 posted near the market close.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2058754
Note bar 5 and bar 6 both have decreasing volume after the pennant BO. Increasing volume didn't come in until the next (IBGS) bar. This is the also way it appeared in my charts real time as I remember it clearly. So I must assume Spyder saw it this way also in real time and still made the same decision about the validity of the point 3. Sometimes that's all you get to make your sequence.
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Yes, I noticed that. Probably became increasing after refresh. But still makes no difference for our purposes: the increasing red in that traverse did not come from Lateral (either Movement or Formation) BO / FBO or from a Pennant / Adjacent bar Even Harmonic BO / FBO.
 
Quote from dkm:

20080812 15:15
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http://www.elitetrader.com/vb/attachment.php?s=&postid=2061876

It's an accelerated Traverse. Would you agree that the purpose of annotating an accelerated Traverse is different from annotating an original Traverse if one looks at the market in terms of repeating sequences.
Think about it.
What is the purpose of isolating formations that appear to be a Point Three formation (where increasing volume comes from Lateral (either Movement or Formation) BO / FBO or from a Pennant / Adjacent bar Even Harmonic BO / FBO) from Traverses?
I think it is to make the sequences more clearly evident and easier to keep track of.
So, it is not an arbitrary decision to differentiate where does the increasing volume comes from - but a result of observing the seamless flow of sequences.
In case of an accelerated Traverse, I think, one starts counting down another sequence (flaw, VE before FTT) and how an accelerated Traverse is formed, I think is irrelevant, because we already have channel sequence and original (orange) traverse sequence completed.
 
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