Iterative Refinement

[ticktrade]

For a traverse level trader requiring a return to dominance after sequence completes to seek change, I only saw 2 of them, 1005 peak volume, reverse to short. 1115 peak volume reverse to long. I did not see another return to black dominance after that.
Is that really correct. Must be missing something.
I saw other traverses and saw reasons for them to end appropriately. But with all those laterals and bar overlap I could not find any valid SOC's other than those two.

this is what i did, among some attempts to trade below this resolution with limited success.

enter long bar 3 after 2 IBV's followed by DRV and formation fbo.
rev short 1005
rev long 1115

 

[ljyoung]

Quote from ticktrade:

For a traverse level trader requiring a return to dominance after sequence completes to seek change, I only saw 2 of them, 1005 peak volume, reverse to short. 1115 peak volume reverse to long. I did not see another return to black dominance after that.
Is that really correct. Must be missing something.
I saw other traverses and saw reasons for them to end appropriately. But with all those laterals and bar overlap I could not find any valid SOC's other than those two.

this is what i did, among some attempts to trade below this resolution with limited success.

enter long bar 3 after 2 IBV's followed by DRV and formation fbo.
rev short 1005
rev long 1115

I think, for the traverse trader, there is an additional short at 2:15 and a long at 3:00. The short at 2:15 is a 3-bar JW and as well is the bar after a [PkV + 2 bars of IBV] combo. The long at 3:00 is variations on a theme of 'the bar with no name' http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=1356 which kills the LF and at EOD we are long looking for a new point 2. BTW, FWIW, you slaughtered the low, intracerebral-signal-to-noise contingent.

lj

 

[Jander]

Quote from ticktrade:


enter long bar 3 after 2 IBV's followed by DRV and formation fbo.
rev short 1005
rev long 1115

Congrats. Very nice trades

 

[ticktrade]

Quote from Jander:

Congrats. Very nice trades

I was simming 2 methods today. One was the way i usually see things. got beat up doing that.
and one trying to stick with the dom- non dom idea, at least what I understand it to be.
I appreciate the congrats but the reality is I was clueless most of the day and in disbelief that the dom-nondom method was on the right side most of the time.

 

[ljyoung]

Quote from ljyoung:

.... BTW, FWIW, you slaughtered the low, intracerebral-signal-to-noise contingent.

lj

For purposes of clarity, the "FWIW" referred to my opinion on the matter and not to your effort.

lj

 

[Spydertrader]

Quote from ticktrade:

Is that really correct.

You correctly articulated the points in time where the market transitions from one traverse to another. Where ljyoung points out the additional changes, some may have added the additional lateral formation (13:50 ES [close of] Bar and forward), and by doing so, created a 'one bar out of the formation' scenario for the 14:10 ES [close of] Bar - thereby 'removing' a possible 'signal of change' from consideration. In such an environment, the 14:55 - 15:00 'change in dominance' becomes moot - i.e. if one never 'gets short' one has no reason to 'get back long' so to speak.

HTH.

- Spydertrader

 

[ticktrade]

debriefing and going to spyders chart for confirmation, I found many errors in the dom-nondom method I used.
I missed RTL BO's on inc vol, I saw sc and soc just before these but was waiting for dom to return on one of the sim platforms. I failed to act on the rtl bo though.
I also placed my lateral on the 1350 bar instead of the 1340 bar. Moving the lateral allows return to black dominance and makes 1410 a possible pv, still not sure of the definition of that.

How does one know to not draw an additional lateral off the 1350 bar?

additional trades from what I can see using rtl bo's as a last chance for change would be
1245 s rtl bo
1320 l rtl bo
1410 s pv
1500 l b2b(wouldn't have seen that)

long ways to go to grasp the latest round of information provided.
previous posts are now quite embarassing. I wasnt even close inspite of a profitable log.

 

[ticktrade]

If only I saw this a minute earlier, I could have avoided posting another hairbrained reply. Now I'm really confused as to what I should have seen for the resolution level I want to trade.
I am trying to get away from the enter/exit mode. I find it much less relaxing than traverse level.

Quote from Spydertrader:

You correctly articulated the points in time where the market transitions from one traverse to another. Where ljyoung points out the additional changes, some may have added the additional lateral formation (13:50 ES [close of] Bar and forward), and by doing so, created a 'one bar out of the formation' scenario for the 14:10 ES [close of] Bar - thereby 'removing' a possible 'signal of change' from consideration. In such an environment, the 14:55 - 15:00 'change in dominance' becomes moot - i.e. if one never 'gets short' one has no reason to 'get back long' so to speak.

HTH.

- Spydertrader

 

[Spydertrader]

Quote from ticktrade:

How does one know to not draw an additional lateral off the 1350 bar?

For me, laterals end when "one thing has ended and another begins." In this specific example, the market moved Price from Point Two to Point Three, and had not yet finished doing so on the 13:50 ES [close of] Bar. As such, I continue the original lateral. Contrast this with the 12:50 - 12:55 ES [close of] Bars where a Pennant forms with a close Outside the Original lateral. Here One Lateral formed as the market moved Point One to Point Two, and a New Lateral formed Point Two to Point Three.

HTH.

- Spydertrader

 

[Spydertrader]

Quote from ticktrade:

Now I'm really confused as to what I should have seen for the resolution level I want to trade.

The 12:45 ES [close of] bar represents a faster fractal than you want to trade. As such, the 13:20 does as well. The 14:10 ES [close of] Bar represents Peak Volume (if not 'one bar out' of an incorrectly annotated lateral). The 15:00 'change in dominance' you can see if you undrstand that the 'Lateral Formation' represents Point Two to Point Three on a faster fractal, but represents Point Three (14:45) 'into the channel' on the slower fractal.

HTH.

- Spydertrader