Iterative Refinement

[TIKITRADER]

5 minute ES incomplete.

 

[dkm]

After the short at 09:45, possibly one traverse level signal long at 14:15 and another to reverse short at 14:35.

 

[Spydertrader]

Attached, please find a chart snip containing the End of Monday and Beginning of Tuesday for the 5 minute ES [close of] bars. As a drill, label each Bar as Dominant or Non-Dominant and include why you feel the annotated label applies.

I encourage everyone to participate. The results of this drill should (as is often the case) provide input as to where the trader needs to apply additional focus.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2111385>

 

[guavaman]

My "Paint" skills are rather pathetic so here is my take on the Dom/Non Dom drill:

16:15 Dom
09:35 Non Dom
09:40 Non Dom
09:45 Non Dom
09:50 Non Dom
09:55 Dom
10:00 Dom
10:50 Non Dom

 

[TIKITRADER]

Spyder drill oct 7 08.

Bars are labeled and numbered 1 to 10 in blue, according to chart snip on left side.
Description of bars are based on these ten.

On right snip is Spyder's chart.

Side by side comparison of Spyder's chart snip and mine, I see an error in my snip already.

Also the fuschia traverse or annotationed lines, is that how you want it to be ?

Edit: Just caught the fuschia annotated lines. See that now

 

[8833broc]

Dominate/non dominate drill oct 7 attached.

 

[ehorn]

Quote from guavaman:

My "Paint" skills are rather pathetic so here is my take on the Dom/Non Dom drill:

16:15 Dom
09:35 Non Dom
09:40 Non Dom
09:45 Non Dom
09:50 Non Dom
09:55 Dom
10:00 Dom
10:50 Non Dom

Hi Guava,

I have the same results as you do (for the 5M ES Traverse level). If you have some time, would you (or anyone else) mind reviewing my notes and making any comments?

 

[ehorn]

Quote from ehorn:

... I have the same results as you do (for the 5M ES Traverse level). ...

I wanted to add that I still grapple with is the concept of continuity of markets from day to day. For some reason, I currently have in my mind that markets are not entirely continous with regards to sequencing and WMCN (not sure if this thinking is correct). But this seems inconsistent when mapped against higher level fractals...

 

[romanus]

Quote from Spydertrader:

As a drill, label each Bar as Dominant or Non-Dominant and include why you feel the annotated label applies.

1. 15:50 [close of] dominant – moving higher on incr. volume in an up traverse;
2. 15:55 [close of] non-dominant - higher on decr. volume in an up traverse, moving laterally;
3. 16:00 [close of] dominant - moving higher on incr. volume in an up traverse;
4. 16:05 [close of] non-dominant – retrace in an up traverse;
5. 16:10 [close of] non-dominant – continuation of the retrace in an up traverse;
6. 16:15 [close of] dominant – retrace becomes reversal as gaussian shifts, trough and incr. red volume, the second (increasing volume) half of R2R; also break RTL on increasing volume.
7. 09:35 [close of] dominant – market opens higher on incr. volume, but closes lower, therefore the dominant direction is down;
8. 09:40 [close of] non-dominant – price moves in an opposite of the dominant direction on decr. volume;
9. 09:45 [close of] non-dominant – continues to move in an opposite of the dominant direction on decr. volume;
10. 09:50 [close of] non-dominant – price moves in dominant direction on decr. volume, moving laterally;
11. 09:55 [close of] dominant - price moves in dominant direction on incr. volume;
12. 10:00 [close of] dominant - price moves in dominant direction on incr. volume;
13. 10:05 [close of] dominant - price moves in dominant direction on incr. volume;
14. 10:10 [close of] non-dominant - price moves in an opposite of the dominant direction on decr. volume;
15. 10:15 [close of] dominant - retrace becomes reversal as gaussian shifts, trough and incr. black volume, the second (increasing volume) half of B2B; also break RTL on increasing volume.
16. 10:20 [close of] non-dominant - price moves in dominant direction on decr. volume, moving laterally;
    [/list=1]

 

[romanus]

Quote from ehorn:

09:35 Non Dom

As Bar One opens and gaps up, we 'see' Price moving on increasing Volume. Because this is Bar One (and we only rarely ever see decreasing Volume on bar one compared to the previous trading day's final bar), we know two things. First, this increasing Volume finds itself colored black because the trading software colors bars black based on certain criteria met by Bar One. However, Price does close below the open on this first bar forming what would be (on any other bar of the day) either an IBGS or an Outside Bar. We also know, what direction the markjet has deemed dominant.