Quote from gucci:
....Meanwhile the thorough and unambiguous definitions of tapes and traverses are deemed unimportant... And those build channels...
This was added while I was responding to your initial response. We actually do have some Spyder definitions for 'all the stuff in between traverses and tapes' and by inference, for tapes and traverses. So if a faster fractal, sub-fractal, and intra-fractal traverse = fft, sft, ift = all the stuff in between traverses and tapes, then he has said
http://www.elitetrader.com/vb/showthread.php?s=&postid=2203447#post2203447, as PTV has noted, that the other stuff is what he calls a "wide tape". He didn't say a chubby tape. He has also said
http://www.elitetrader.com/vb/showthread.php?s=&postid=2215864#post2215864 that anything less than a traverse should, by implication, cover all the varieties of stuff in between a tape and a traverse. So if the 'stuff' is in between a chubby tape and a traverse, then since we already have the definition of a chubby tape (and a tape) what we're left with is the definition of a traverse.
As I mentioned last PM, Romanus has suggested that one of the characteristics of the 'stuff' is that after the P3 of the 'stuff' has been 'made', there is no return to dominance. This sounds contradictory since if a P3 isn't confirmed then how can it be a P3? So maybe it's a pseudo-P3 and what's that? It's a P3 that doesn't go on to complete a sequence.
So perhaps if the P3 isn't really a P3, then the P2 which came before the phony P3 is also a fake. So why should that be and is there any way we can figure that out?
I'm tired of writing so if you (or anyone else) want(s) to do something to help this effort along, why don't you draw up everything you think you know about what a traverse is . Let me start things out by saying that this:
/ is not a traverse, where
/ is a collection of bars greater than 2, i.e., a tape or greater.
lj