Iterative Refinement
- Thread starter Spydertrader
- Start date
IMHO that move was a pt1 to pt2 move so we could not look for change yet, pt3 came at 1435. It was the first move to really clear the midday sideways move and it had an increasing gaussian peak which tells me to expect a pt3 to follow before looking for change.
I thought 1440 was change and started working a down sequence thinking pt2 came at 1500 with a bounce off the 20 ma. The 1520 bar did cause some worry when it took out the high of the 1440 bar. The ym and nq made lower highs so I felt ok with the mada at the time just had to move pt1 .
The same thing happened at the 1130 bar, sequence complete on a lower gaussian peak, look for change, ym was diverging and signaled change early in the 1132 bar, the next ES bar was an impressive outside bar to start the up move.
I think it was the Peak Volume.
The question that needs to be asked - does one have a permission to seek change at this point in time?And, if one does - what type of change might materialize?
http://www.elitetrader.com/vb/showthread.php?s=&postid=1678486#post1678486
The closes thing I can think of is the blue FTT here:Quote from Jander:
Yes, this is a bit confusing. 15:20 is clear as day an FTT of the large up channel. Atleast what we would use to call an ftt before we found out that it must fit the profile of the 3 cases. It is also a double top at a major resistance area, but that is neither here nor there
http://www.elitetrader.com/vb/attachment.php?s=&postid=2038716
Spydertrader's comment here:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2038729#post2038729
"The anotations (Lateral Movement) you 'see' now did not make their way onto the chart until later" - I have not figured that one out yet.
Quote from Jander:
Yes, this is a bit confusing. 15:20 is clear as day an FTT of the large up channel. Atleast what we would use to call an ftt before we found out that it must fit the profile of the 3 cases. It is also a double top at a major resistance area, but that is neither here nor there
http://www.elitetrader.com/vb/showt...32&highlight=peak+volume+sequence#post2017732
note to the struggling practitioners... until you became proficient in the M, if you don't diligently annotate 1,2,3 on your charts, there is no way in hell you are going to see the sequence unfold before your eyes in real time.