Iterative Refinement
- Thread starter Spydertrader
- Start date
Roman, on your 07/22 chart it looks like you have a VE of the 1150 bar. It appears that any way I tape this I end up with a VE at 1150 and not an FTT of a tape. How do you see this area and how do we know WMCN when we don't have an FTT? Would it be appropriate to fan our tape to 1210 and allow 1215 to be the FTT?
A traverse level trader is only concerned with when the 5 min ES level traverse sequence has ended. The area you refer to represents a Point 2 to Point 3 retrace of the 5 min ES level traverse and as such the action is hold from the execution viewpoint.
From the annotation viewpoint I see two volume and tape cycles creating skinny r2r2b2r in this area. I have not observed skinny gaussian cycles go beyond the r2r2b2r (no additional 2b2r).
If I were to guess how to determine WMCN on level faster than 5 min ES level traverse, I would probably refer to YM, but don't quote me on this as I stopped paying attention to YM a long time ago.
Good AM charts,
I agree with you on the FTT Hershey Hinge but what I don't see, on my 5 min ES, is the Hershey Hinge associated with the P3 above it. It looks more to me like a H&S, another of Jack's 'terminators'.
Here's my ES:
I do not have much experience with the OTR chart and thus a question. With this type of FTT (traverse level) would you always expect to see a 2 pair phenomenon? I don't see such a thing on your OTR chart. Did you see a 2 pair?
TIA
lj
Yes! A special guest appearance on IR. Have essentially packed it in with ET as it is now pretty much a sump of the sump, although there are some exceptions.
I agree with you on the FTT Hershey Hinge but what I don't see, on my 5 min ES, is the Hershey Hinge associated with the P3 above it. It looks more to me like a H&S, another of Jack's 'terminators'.
Here's my ES:
I do not have much experience with the OTR chart and thus a question. With this type of FTT (traverse level) would you always expect to see a 2 pair phenomenon? I don't see such a thing on your OTR chart. Did you see a 2 pair?
TIA
lj
Yes! A special guest appearance on IR. Have essentially packed it in with ET as it is now pretty much a sump of the sump, although there are some exceptions.