Iterative Refinement

[romanus]

Quote from guavaman:

...I finally drew in a large lateral starting at 10:50 to 11:55. This would require a full sequence to develop after the lateral ended. The 12:20 bar did not meet this criteria, thus the confusion. However, if the lateral described above did not actually exist, then the 12:20 bar was a traverse level SOC.

Note the last pink down traverse beginning 14:00.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2140080

 

[PTVtrader]

...

 

[Neoxx]

Quote from gooch87:

Spyder, would you mind posting your chart this eve.
Thank you
gooch87

Seconded. Many thanks.

 

[charts]

Quote from romanus:

... I see volume doubling and think it must be PA. However, that which must come next, never did and 1505 was change. ...

What I see:
... 1500 pennant BO; anyway ... can't be pace acceleration because acceleration implies 2 consecutive volume increases, the second larger than the first
... 1505 continuation up; decreasing volume ibgs

 

[WilliamV]

Does anybody mind posting their current Final Universe? What to make of past ranked stocks that are trading below $5?

 

[ticktrade]

Quote from romanus:

I see volume doubling and think it must be PA. However, that which must come next, never did and 1505 was change.

[/B]

Not the one you wanted a response from. Just offering food for thought here. This is something I'm looking at to help with the PA question. I know I'm missing something here and can't figure it out yet. Recently the PA had not been working out as it was the previous weeks.

I don't know if this will turn out to be a worthwhile endeavor but so far I have found no reason not to pursue it.
Your recent posts among some from others have me rethinking how I will draw tapes going forward. I intend to come up with a color code to distinguish inc. vol from dec vol as well as inc pace tapes.
This is how I viewed the area this afternoon. Like I said this may be yet another exercise in futility.

 

[romanus]

Quote from charts:

What I see:
... 1500 pennant BO; anyway ... can't be pace acceleration because acceleration implies 2 consecuitve voulem increases, the second larger than the first

I don't believe this to be correct.

 

[ehorn]

Quote from charts:

What I see:
... 1500 pennant BO; anyway ... can't be pace acceleration because acceleration implies 2 consecuitve voulem increases, the second larger than the first
... 1505 continuation up; decreasing volume ibgs

I was waiting for the tape break, which came OB w IRV @ 15:20 (bar 70) That was the certainty bar for me. (though it was late according to the YM)

P.S. That final traverse looks like one big R2R... No PT3 (Yet) - So that is my PFC too

 

[PTVtrader]

Quote from ehorn:

I was waiting for the tape break, which came OB w IRV @ 15:20 (bar 70) That was the certainty bar for me.

P.S. That final traverse looks like one big R2R... No PT3 (Yet) - So that is my PFC too

I agree ehorn...

1500 - dom
1505 - non dom
1510 - non dom
1515 - key bar - non dom
1520 - faster fractal traverse complete with tl break on iv

don't agree - what does the 1545 bar tell you?

 

[romanus]

Missed annotation of the accelerated traverse. The comment in the bottom right corner seem to explain the situation rather well: http://www.elitetrader.com/vb/attachment.php?s=&postid=2086621