A retraction of the retraction. Attached is a perfect example of 5 min ES level traverse which lacks non-dom tape. (first green up traverse of the day) My latest forage into tapes is beginning to seem more like a desperate act of desperate man. To whose whom I confused- apologies. The answer, if it exists at all, lies somewhere else.
Iterative Refinement
- Thread starter Spydertrader
- Start date
No it isn't.
The annotations on that chart do not use the current convention of seperating out Faster Fractal Traverses (by color and lack of 1-2-3 numbering).
- Spydertrader
Incorrect.
Again, my response to your post (as with my earlier response to romanus) does not infer, nor imply, any opinions toward the actual information contained within your post, other than, your post failed to provide the correct answer to my question. Whether (or not) the information within your post represents accurate (or inaccurate) information does not influence the question at hand, nor does my response address any such items contained there in.
- Spydertrader
I was in and out monitoring through out the afternoon, thought we kept getting pace accel or ff traverses requiring additional sequences up so was not looking for a sign of change on the 5 min es fractal, and still wasnt at the close
Guess I missed something here, saw the tape leading to 1450 as pace acceleration so didnt consider PV. During a break from employee monitoring I sat down to look for a trade at the 1500 bar, Used 1450 as a lateral and entered 1510 on fbo of bottom. Was a bit nervous for few minutes due to the IRV OB 1505, figured pace was dropping but also aware of pace dynamic games near EOD, especially on Friday.
I DO NOT have a clue right now where we left off EOD, again due to EOD volume dynamics.
On a side note, I found it interesting when building this chart the similarities in the circled FF's, both price and volume, nearly the same exact patterns. See the volume sequencing play out like this all the time in FF traverses, usually takes a few more bars though.
Do increasing volume OB's always kill laterals?
just a debriefing chart, no traverses or channels, still working on the tape thing.
Spyder,
After your post, I donât know whether to cry in frustration or scream with joy. I have perhaps, over 2,000 hours of screen time annotating the 5-min ES (pretty much every day) during the past 1-1/2 years. During that time I have gotten to the point where I can take profits out of the market each day with reasonable consistency. Some days itâs not that much, but itâs nearly always positive. I seldom hold a trade for more than 4 or 5 bars because there is usually a signal for change by then (to me anyhow). But when you make statements about last Friday that one should have known without any doubts in real time that between 10:45 and 14:50 that one should not have even looked to go short, I am befuddled and amazed. Even looking in hindsight, I canât see why that would be the case. To be able to go long on the 10:45 bar and hold till 14:50 seems like a pipe dream to me. So I am obviously missing a very big piece of this method. But the sad part is I donât even know what piece Iâm missing!
I donât know whether as you say that many of us are very close but donât know it, or that Iâm so far away that I should forget about it and just be happy with what I am able to take. I have had several âminiâ ah-ha moments during this journey which has at least led me to the point of profitability, but none where it all comes together into one âBig Ah-Haâ to do the type of trade you describe for yesterday. In the mean time, I donât know what else to do except to keep doing what Iâm doing and hope that one day, the âBig Ah-Haâ knocks on my door.
In any event, your efforts to teach all of us that follow your journal is greatly appreciated.
After your post, I donât know whether to cry in frustration or scream with joy. I have perhaps, over 2,000 hours of screen time annotating the 5-min ES (pretty much every day) during the past 1-1/2 years. During that time I have gotten to the point where I can take profits out of the market each day with reasonable consistency. Some days itâs not that much, but itâs nearly always positive. I seldom hold a trade for more than 4 or 5 bars because there is usually a signal for change by then (to me anyhow). But when you make statements about last Friday that one should have known without any doubts in real time that between 10:45 and 14:50 that one should not have even looked to go short, I am befuddled and amazed. Even looking in hindsight, I canât see why that would be the case. To be able to go long on the 10:45 bar and hold till 14:50 seems like a pipe dream to me. So I am obviously missing a very big piece of this method. But the sad part is I donât even know what piece Iâm missing!
I donât know whether as you say that many of us are very close but donât know it, or that Iâm so far away that I should forget about it and just be happy with what I am able to take. I have had several âminiâ ah-ha moments during this journey which has at least led me to the point of profitability, but none where it all comes together into one âBig Ah-Haâ to do the type of trade you describe for yesterday. In the mean time, I donât know what else to do except to keep doing what Iâm doing and hope that one day, the âBig Ah-Haâ knocks on my door.
In any event, your efforts to teach all of us that follow your journal is greatly appreciated.
Sounds like you are making money with this stuff - I suggest settling for joy, as you obviously have a staying power to figure out the rest.
Here's my take on the hindsight analysis:
(1) After noting Pace Acceleration at 11:55 one expects market moving laterally in an effort to create an Accelerated Traverse.
(2) If you draw a Lateral beginning with 11:55 bar (1210 does not provide sequence completion because of the absence of non-dom tape) you will find that the first dominant bar to complete the sequence is 13:15, which accidentally is also a PA, therefore:
(3) one expects Pace Stepdown and return of dominant Black volume, BUT since we already have a completed sequence for an accelerated traverse it could mean only one thing: 1315 begins lateral traverse. Means we are running a channel sequence.
(4) Then you have a Point 2 at 1400 of the 2nd dom traverse and another PA at 1450 accelerates this 2nd dom traverse.
The above uses PA to explain away what happened in hindsight - in real time of course things are a little bit more complicated since I have observed enough PA's which do not lead to return of dominance after Pace Stepdown. Which brings us back to the beginning problem of separating FTT's from Flaws. If that which must come next doesn't...
Makes me personally want cry. Hope things work out for you in the end.