Iterative Refinement

Quote from charts:

... tapes can be of various complexities ... your 3rd tape is the 1st tape of one next higher order tape (that is of the same order with your first two tapes) ... and itself is formed of 3 lower order tapes :)
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That's tape-tastic but I'm content to bumble along with the variety of tapes described in Jack's "Seven Tapes I Have Known and Loved" and as well his "Overlap Bars You Can't Live Without."

lj
 
Quote from ticktrade:

Cant speak for Ehorn but for me I require a sign of change after a sequence completion that did not follow a pace acceleration.
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Let me explain to both you and ehorn that I'm not saying for a moment that I think my interpretation is correct but rather that I'd like to hear from someone why it isn't. The truth is I believe that we have a 'tentative' P2.

lj
 
Quote from Spydertrader:

On my chart the Bar labeled Pink Point Three by Romanus represents the 11:30 Bar. The market stops heading higher and begins to head lower on this specific bar.



I encourage you to understand what a tape does, rather than, seek 'rule sets' for tape creation. Altering one's thinking ever so slightly can often show much more than simply how to 'define' a tape.

- Spydertrader
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After a delicious "Cheesy Chicken" meal my brain has congealed and I see more clearly now some of the pearls which you were dispensing in typical Spyderian fashion.

Tiny traverses presage VE's and tapes regulate this.

lj
 
Quote from romanus:

I agree with DKM with respect to R2R. 11:50 bar is red and on increasing volume (not one of the three cases) - if I could draw a Lateral beginning with 11:45 Bar, then 11:50 would be non-dominant inside that lateral. But since I am forbidden from annotating laterals I must devise another way of explaining the placement of R2R.

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In real time 11:50 appears to be pt 2 of 5 min ES level traverse since 11:50 is dominant bar. However if that assumption is correct, then 12:05 begins movement after p3 into traverse with 1225 being signal for change,... except 1210 to 1225 is also a PA which disqualifies 1200 from being p3 down and therefore disqualifies 1150 from being p2 down. This reasoning makes no use of what may or may not be a lateral beginning with 1145 bar.
 
Quote from romanus:

In real time 11:50 appears to be ... This reasoning makes no use of what may or may not be a lateral beginning with 1145 bar.
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... it's just ... hindsight :)
 
Quote from romanus:

In real time 11:50 appears to be pt 2 of 5 min ES level traverse since 11:50 is dominant bar. However if that assumption is correct, then 12:05 begins movement after p3 into traverse with 1225 being signal for change,... except 1210 to 1225 is also a PA which disqualifies 1200 from being p3 down and therefore disqualifies 1150 from being p2 down. This reasoning makes no use of what may or may not be a lateral beginning with 1145 bar.
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I'll reiterate.

Someone who wishes to learn to annotate a chart has no idea Pace Acceleration exists as a vocabulary word or as a concept.

Some may have realized at 11:55 that the market in no way could be moving between Points Two and Three. Others, may have realized by 12:00 that the market in no way could be moving between Points Two and Three. Everyone should have realized by 12:05 that the market in no way could be moving between Points Two and Three.

No lateral exists here.

- Spydertrader
 
Quote from innersky:

Question about a possible change signal. In the attached snippet, the bar where the blue arrow is pointing to.
It's an ibgs, but after this bar price continues it's way down. Is there a reason why this bar isn't a change signal?

attachment.php

--
thanks,
innersky
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Maybe it's just a change signal on another fractal? Or for some reason a simple (small) retrace?

I guess there is no such thing as a false change signal?

--
innersky
 
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