Iterative Refinement

[gooch87]

my morning

 

[WGTrader]

Nice morning

 

[Mr_Black]

So far...

 

[guavaman]

Quote from WGTrader:

Nice morning

WG,

Do you consider your 11:20 to :40 B2B a "faster fractal" B2B/Traverse?

 

[Mr_Black]

Nice Channel....

 

[WGTrader]

Quote from guavaman:

WG,

Do you consider your 11:20 to :40 B2B a "faster fractal" B2B/Traverse?

Hey GMan,

I'm not exactly sure what you mean, but maybe my attached chart will explain how I saw it.

 

[guavaman]

Quote from WGTrader:

how I saw it.

WG,

Thanks for the response.

My understanding (weak as it is ) is that for a "ES 5 min. traverse" to materialize we need two cycles of increasing volume (i.e. like your 10:20 Pt2). The B2B @ 11:20 to :40 on your chart only had one increasing volume cycle. I understood this to be a "faster fractal" traverse, basically a "sub traverse". Therefore, according to my twisted logic, the Pt2 for the Non Dom Up traverse would be at 12:10. This makes a Pt3 and a SOC a geometric impossibility with the resulting Price action.

Consequently, it appears I am operating under a incorrect understanding of what a "ES 5 min. traverse is and what a "faster fractal" traverse is.

Hope this makes some sense.

 

[gooch87]

Here's the rest of my day.

 

[PTVtrader]

...

 

[guavaman]

Quote from ticktrade:

Say it's not so guava

If I won't leave the nest on my own, I need to be pushed out