Iterative Refinement

[Spydertrader]

Quote from Jander:

Can you elaborate?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2179010>

 

[romanus]

... the consequence of starting a tape on the last bar of an internal or OB is that the BO of the internal or OB is better taken into account. By treating internals and OB's no matter how many bars as just one bar, you sharpen up the taping continuity

courtesy of JH brought by Neoxx

 

[Spydertrader]

Quote from romanus:

Hint: pay attention to the orange tapes

Hint: Different Context than today's drill.

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

Do you feel you have posted a thoroughly annotated chart?

- Spydertrader

No...

2nd attempt.

 

[gooch87]

Ok Spyder how about this?

 

[bi9foot]

Answer

 

[teguichilla]

Thinking outside the box, the first bar of the drill is red, implying that the one before was higher and dropping - and maybe more before that. The B2B would be an attempt to breakout of the red RTL and close above and therefore seek a PT2 up in the 5min fractal. But first it must confirm that it broke out of the red, down RTL to validate new upwards direction.

 

[palinuro]

Quote from Spydertrader:

Another Drill

1. Add full, complete and thorough annotations to the chart.

2. Post completed chart.

3. Identify WMCN and why.

- Spydertrader

The kind of drill I like!

Here's my solution.
(Edit: Addition to the 'Why': I'm reading the second OB as the crucial FTT.)

@neoxx, wrong thread to ask about software, but yes, my 'barpaint' indicator has gradually become a 'kitchen sink' indicator and includes the market news.

- palinuro

 

[dkm]

drill

 

[PointOne]

Hi gang.

I'd probably be sidelined anticipating a P3 long and then miss it (mustn't chase, LOL).