Iterative Refinement
- Thread starter Spydertrader
- Start date
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2090821>
Note the fractal on which you trade.
- Spydertrader
Note the fractal on which you trade.
- Spydertrader
Quote from romanus:
1 traverse and since the market is yet to transition to dominant black, I think we're suppose to see increasing black, which is not the result of thethree cases, followed by retrace/lateral before having permission to seek change in mode.
Note the trends within the rather large lateral. What tools does one use to trade within a Lateral? Since the only tool available comes from coarse level, the annotated trends within the rather large lateral do not apply.
As a result, those trading on the 5 minute ES Traverse level entered long at Bar Three and have held long ever since. Those trading on a faster fractal, would no doubt still have entered long at Bar Three, but also, reversed short at 11:00 AM and reversed once again long at 12:05.
Edit: And those trading on an even faster fractal would have reversed several more times within each of the annotated trends within the rather large lateral.
- Spydertrader
ES 5 miute september 26 08
My chart wound up like this . . .
I was thinking same as ehorn today.
My chart wound up like this . . .
I was thinking same as ehorn today.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2091137>
Quote from romanus:
Well, it looks like the market dropped 12 points without giving permission to seek change on 5 minute ES Traverse level. Then it came back up - and still has not transitioned to black dominance.:eek:
Did 14:00 Break a RTL on increasing red Volume?
Start with the 9:50 Bar and check on those increasing black Volume bars. Let me know when you reach one that doesn't have a short mode attached to it.
- Spydertrader
I did not miss it. But that was for intra-fractal traverse, for which we had permission to seek change after 1315 close of , I think.