Iterative Refinement

[Spydertrader]

Quote from romanus:

That's true - but as a separate question it represents an interesting dilemma:

I agree that the assertion represents a seperate question. However, I disagree with the existance of any dilemma.

Quote from romanus:

Since 1150 is PA - 1220 and 1225 are both dominant in which case 1230 was supposed to be signal for change. Except it wasn't.

In the above example, the trader has determined a specific bar provided a signal for change. The market indicated otherwise. Something the market provided, the trader missed.

Quote from romanus:

Therefore, the only possibility which can explain why 1230 wasn't a change would be a lateral beginning 1155, which would make both 1220 and 1225 non-dominant.

I suspect additional possibilities exist. Most people have a tool (often located in their bathrooms) which allow one to locate the source of their dilemma.

- Spydertrader

 

[nkhoi]

Quote from Spydertrader:

I... Most people have a tool (often located in their bathrooms) which allow one to locate the source of their dilemma.

- Spydertrader

Can't find any reference to this 'tool' I will have to do more field research on this subject.

 

[ticktrade]

FWIW
I viewed 1245 as still in a tape of accelerating pace.

 

[romanus]

Quote from ticktrade:

FWIW
I viewed 1245 as still in a tape of accelerating pace.

I think the whole issue of when one has the permission to seek change has to do with arriving at p2 of the red down channel which grew out of pink down traverse. The 1155 PA may have had been an indication of market intentions, since it created VE on the pink down traverse.

Then, IMO, the question becomes whether or not one can have a p2 of the channel if price does not VE the existing pink LTL. The basic geometry of drawing the trendlines suggests that until 1255 created VE of the pink LTL, a Point 2 of the channel was out of question.

Of course I could be wrong, but it seems unlikely.

 

[charts]

Quote from romanus:

... The 1155 PA ...
Of course I could be wrong, but it seems unlikely.

... or of course ... 1155 may not be PA

 

[charts]

Quote from ticktrade:

FWIW
I viewed 1245 as still in a tape of accelerating pace.

... or a spike that ...

 

[romanus]

Quote from charts:

... or of course ... 1155 may not be PA

LOL. You don't have to tell me. One can easily spend years trying to figure this whole thing out without getting anywhere. Nothing is what it seems. And everything seems what is not.

 

[ticktrade]

Quote from romanus:

Of course I could be wrong, but it seems unlikely. [/B]

Your grasp of things goes much deeper than mine.
Isn't 1155 a ve of the pink traverse.

I have tried to make it a bit easier for myself lately. I try to draw tapes that contain the current price movement(moves from one point to another), not always just 2 bars, and judge the pace/dominance of that tape.
I felt I was making it harder than it needed to be. Channels seem to take care of themselves as the sequences unfold.

Quote from charts:

... or a spike that ...

whatever

 

[romanus]

Quote from ticktrade:

Your grasp of things goes much deeper than mine.

I would not bet on that.

Quote from ticktrade:


Isn't 1155 a ve of the pink traverse.

Yes, but that would seem to be the p1 to p2 leg of accelerated traverse. And it would have been if the brown traverse wasn't annotated as faster fractal. It does have all the components of the 5 min ES level traverse IMO.

 

[treeline]

Today's 1330 ES bar breaks and closes outside of the pink Traverse RTL on IBV, and it's not a Pennant/Lateral BO or FBO, or a Spike Bar. It looks to me as if it clearly establishes black dominance. But Spydertrader's B2B trough doesn't occur until 1355, so 1330 is part of the decreasing black Gaussian.

I would appreciate any help in finding the context which prevents 1330 (or 1340, for that matter) from establishing black dominance prior to the blue P2 up.