Iterative Refinement

[ehorn]

Quote from dkm:

Are you implying that the 3rd traverse is just truncated? If so, it would mean that pt2 is inside the previous traverse at 14:10 and this cannot be so. I suspect that the traverses are incorrectly drawn. Perhaps someone who can see this more clearly would post their chart....

I propose we needed to break the original TL for a 5M PT3.

 

[PTVtrader]

Quote from dkm:

I was expecting a second long dom traverse after 14:30 but we appear to have started a new short dom traverse.

I was and am expecting a 2nd dom traverse...but???

 

[PTVtrader]

super channel???

 

[gooch87]

my replay day

 

[dkm]

The attached chart from Spyder on 20081118 shows an example of a "truncated" 2nd dom traverse used to construct a red short channel. The chart clearly shows pt2 of the second magenta dom short traverse at 14:35 lying inside the previous non dom blue long traverse. It also appears that pt3 at 14:45 is confirmed by the 14:50 bar that bo's the lateral, despite the 14:55 bar being non dom. On that basis I conclude that 14:10 yesterday was pt2 of the second long dom traverse and that 14:00 was pt1 of a new short traverse and a new short channel.

 

[dkm]

Quote from dkm:

On that basis I conclude that 14:10 yesterday was pt2 of the second long dom traverse and that 14:00 was pt1 of a new short traverse and a new short channel.

Not....

 

[gooch87]

my work for the morning

 

[Mr_Black]

My trade today....+5 points....done for this week....

 

[Mr_Black]

Not bad for a white boy...

 

[gucci]

Quote from Mr_Black:

Not bad for a white boy...

Congrats, white boy.