Iterative Refinement

Quote from Breakeven:

B. Everyone but me already knows how to know at 10:45 12/5 that a new dominant channel is forming.
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Everything required of a channel (all sequences of all the various components) completed at 10:45 on 12/5. When one thing ends, another must begin. As such, the next thing begins at 10:50. The next set of sequences (and all the various components) then, did not end until 10:50 12/9.

Wash. Rinse. Repeat.

(All times Eastern and [close of] ES Bars.)

- Spydertrader
 
Quote from PTVtrader:

I think we are all throwing around the "faster fractal traverse" vocabulary word :p a little too much without any consensus on what it is...(apologies if anyone is sure). In looking back over some recent days posts, this one clarifies the definition for me...

http://www.elitetrader.com/vb/showthread.php?s=&postid=2203447#post2203447

So if that is the case, there should be 3 FFT's within each traverse.

If, I'm right, then I'm cool...I get it....What I don't get and/or can't anticipate is when you get a completed traverse show up as looking like a FFT. Attached below is a snippet of what I presume to be 2 completed traverses that appear to be FFT. I don't assume that annotations are correct and would very much appreciate any feedback.
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FWIW, I like Romanus' observation of a failure to return to dominance after the P3, if I remember correctly.

lj
 
Quote from ljyoung:

An opinion only, breakeven, but probably neither. As for the grindstone, all thread members have managed to find their personal version and you will too if you hang around. This is a treasure hunt with a fackin' great sack o' gold at the end. Enjoy.

lj
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Thanks for not choosing A! :)

As for the grindstone I think I may need a new one soon. After the better part of two years my nose has about worn this one down lol. I generally prefer to wrestle my market demons in private, but once in a great while it bubbles over and I have to post. :D
 
Quote from PTVtrader:

I think we are all throwing around the "faster fractal traverse" vocabulary word :p a little too much without any consensus on what it is...(apologies if anyone is sure).
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Anything "less than" that which defines a 'Traverse' should cover every case one could imagine. Of course, many will not like such a definition, but it does represent the most accurate answer it turns out.

- Spydertrader
 
Quote from gooch87:

?
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Try backing up a bit. Where is your channel CO RTL to start?

I don't see a CO RTL on any of your charts from yesterday.

EDIT: For an example, check ehorn's chart.
 
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