Iterative Refinement
- Thread starter Spydertrader
- Start date
Sorry if I caused confusion with my arbitrary naming. Pull up Thursday's chart, then look at the three sets of annotations for Friday:
Ehorn extended his trendlines from the prior day's chart. Continuous.
I deleted the gap, and moved the trendlines in accordance. Discontinuous.
Romanus continued the last gaussian, then started afresh; no carryover trendlines. Minimal.
I'm not commenting on which is the right way to handle the carryover... just that Friday's charts afforded an interesting opportunity to compare all three.
It may appear that I did started afresh. However, the same medium thickness for the gaussians (medium thickness for traverses) was maintained beginning with B2B, which started @ 15:40 on 6/25 for one reason - to wait until the market finishes what it started.
In this particular context the RTL of the non-dominant traverse was already broken on 6/25 and the channel RTL was broken on 6/26 prior to the sequence completion (see attached).
My apologies: the annotations for 6/25 are not thorough - the decreasing medium weight gaussian which begins at 15:40 on 6/25 is missing from the chart.
It seems to me that the market has finished building the 'traverse' [black trendlines in the atached] which started @15:40 6/25 and it did so by creating the pink 'something' [9:50 - 11:50 on 6/26] as a non-dominant part of that 'traverse' and a blue something [11:50 - 15:50 on 6/26] as a dominant component.
Both pink down and the blue up on my original annotated 6/26 chart appear to me to be the same fractal as the 'intervening' up tape you referred to, which is why annotating the gaussians the way I did makes sense to me - both blue up and pink down seem to me to be 5 min ES level traverses.
Thanks for clarifying.
I agree that the blue 'something' on your chart represented an ES-5 minute level traverse, though was admittedly unsure how to annotate it as such in real-time hence the broken-down version on my chart.
I also agree that it completed the black 'something', which I had designated a decelerated channel.
However, the first up 'something' of the black 'something' seems a little inadequate, in that it lacks actual IBV through it's latter section.
Trying to stick to the correct lingo is like treading a minefield.
I agree that the blue 'something' on your chart represented an ES-5 minute level traverse, though was admittedly unsure how to annotate it as such in real-time hence the broken-down version on my chart.
I also agree that it completed the black 'something', which I had designated a decelerated channel.
However, the first up 'something' of the black 'something' seems a little inadequate, in that it lacks actual IBV through it's latter section.
Trying to stick to the correct lingo is like treading a minefield.
Quote from Neoxx:
Trying to stick to the correct lingo is like treading a minefield.
Isn't it fun to stretch the brain to wrap it around 'something' new.P.S. On unrelated note: the first olive in the attached is a tape and such, as A TAPE it is structurally ( looking at price only) also a part of orange ff and second olive ff, and yet it is the same fractal as both orange and second olive. Something else (other than price alone) gives us a complete picture.