Iterative Refinement

Quote from sscott:

Hmmm, just guessing here. A fully and properly annotated chart?:D
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Here is my chart so far. Whether or not the 11:10 showed PA, it certainly became pt2 of the overall down channel of the day.
 

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Quote from Avi 8:

Wrong.
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In order for pace to accelerate it has to move upwards from one pace level to another pace level. Now while the actual acceleration of pace occurs in a single bar, does one not require that it be referenced to the immediately prior bar in order to be able to say that in fact there has been an acceleration?

Here pace acceleration is defined as movement from one pace level to another and pace level is defined, as has been done many times before, as being a catenary (non-linear) movement of volume.

lj
 
Quote from 1.6180340:

So how is this defined?

During a dominant movement:
Bar 1 volume = 20000
Bar 2 volume = 20001

Is this a pace acceleration?
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Do a search just on this thread for pace acceleration and/or peak volume and you will see that this has been discussed many times before. The summary given in the last day or so, by Romanus primarily, will save you the effort. If I might summarize further, SFAIK, there has been no precise definition of pace acceleration. Then we have the comforting comments of this AM saying that if one really knows what up, you don't need the fackin' thing anyway. Onward and upward we go, except for today of course, where we continue to make LH's and LL's.

lj
 
Quote from ljyoung:

...does one not require that it be referenced to the immediately prior bar in order to be able to say that in fact there has been an acceleration? ...
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Love it when you answer your own question, but don't realize it.

So what does the 'first' bar have to do? Accel over the missing real first bar. Making this a three bar deal.
 
Quote from ljyoung:

Do a search just on this thread for pace acceleration and/or peak volume and you will see that this has been discussed many times before. The summary given in the last day or so, by Romanus primarily, will save you the effort. If I might summarize further, SFAIK, there has been no precise definition of pace acceleration. Then we have the comforting comments of this AM saying that if one really knows what up, you don't need the fackin' thing anyway. Onward and upward we go, except for today of course, where we continue to make LH's and LL's.

lj
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Well, I have read every single post on this thread and the 2007 thread and there is no definition there for PA.

In fact, I don't even have a rough idea and nor do you as is clear from your last posts. And I suspect most of the participants of this thread don't know what a PA is exactly.

I find this incredible, since this PA thing can invalidate an otherwise valid Pt3, as I understand from the reply that YOU got from romanus (and later sort of underwritten by Spyder) on a question about why a certain Pt3 wasn't a Pt3.

So knowing the definition of PA is essential, otherwise you can never get your annotations right consistently and we will always be stuck in the 'M' part of MADA.
 
Quote from romanus:

It contradicts the previously established fact that 11:20 bar on 10/31 was PA.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2155163

http://www.elitetrader.com/vb/showthread.php?s=&postid=2156707#post2156707
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You beat me to the punch Romanus. I was about to offer this snippet which caused me to change my inital statement re PA, which was that it required 3 bars.

lj
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