Iterative Refinement

Quote from Spydertrader:

Again, monitor the correct fractals.

- Spydertrader
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Thank you for the chart.
Would I be correct in stating that 11:10 represents a signal for change (Peak Volume) which ended the first pink traverse of the red channel and began a Lateral Traverse?
 
Quote from romanus:

Would I be correct in stating that 11:10 represents a signal for change (Peak Volume) which ended the first pink traverse of the red channel and began a Lateral Traverse?
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No. this would not be correct.

- Spydertrader
 
Quote from romanus:

... Would I be correct in stating that 11:10 represents a signal for change (Peak Volume) which ended the first pink traverse of the red channel and began a Lateral Traverse?
More...
I noticed that when a lateral traverse follows, often the sequence completion seems not to be followed by a traverse level change signal ... This is an useful signal to hold through it ... :)
... I'd say that 1110 can't be Peak Volume for all the reasons, excepting its accelerated volume slope
 
Spydertrader
From yesterdays chart I was wondering about the B2B it did not match up on the traverse level. Was it because it was in a Lateral Retrace?
 
Focus lately has been on tape drawing. Not trying to change the methods, just trying to see if I can find a way to see the market easier.
Thick tapes are inc volume. Thin are decreasing. I removed a few of the dec. vol tapes that were contained inside a inc vol tape.
I've been taking a blank chart EOD and drawing tapes in hindsight in an attempt to see how they are drawn in different situations to contain price.
For now I start new tapes on OB's.
Some bar patterns I use the ltl. Whichever makes sense to contain price.
I think the pace changes may be more important to annotate in the tapes than just a little inc. volume bar.

any thoughts?
 

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