Iterative Refinement

Quote from TIKITRADER:

Thanks Ehorn.

This is a previous post I had made and it looks very similar to what you just built
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Here is a quick sequence update to my previous higher fractal snippet...
 

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Quote from ehorn:

Here is a quick sequence update to my previous higher fractal snippet...
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That is exactly where I am at in annotations-- with exception . . .
I have built the daily up on the 24 hr so it looks different than the gaps filled on RTH.
In the end we are in the same place right now.

I wind up with a point 1 down where your orange pt 3 sequence is of the horizontal yellow.

We wind up on the same pt 3 down off of the right trendline of the monthly.

( although I gave a DJI example where I may look for pt 3 down on the ES if DJI touches right trendline )

I also have the identical sequences as you for tomorrow.
The chart you posted on Friday 5 minute was the same identical sequences as what I had by days end.
That places our sequential events to come in the same order.

Thats neat stuff.
 
Quote from TIKITRADER:

... I wind up with a point 1 down where your orange pt 3 sequence is of the horizontal yellow.
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Yes, I am tracking that way too. It is easier on my eyes with the gapped view.. I believe we VE'd the lateral ("yellow" in gap less) - so it naturally becomes a PT1 also. I am anticipating that the completion of this non-dom sequence (light green on my view) should produce PT3 of the larger container (blue RTL without a home yet - on my view).

Fun to see it unfold. Sentiment kind of stretches and squeezes the projections but they are holding up reasonably well thus far.

Neat stuff indeed (Wicked neat) :)
 
Things dont always go so well.

I made an error on the daily chart not that long ago.
These things happen at times for myself

Review my errors is always beneficial to myself and I will post this one so it can help others when they get lost. ( not so much this scenario ) just how to get back on the right side of the market as quickly as possible.

This post here I was waiting for a return to dominance to finish sequences and begin the down move.

http://www.elitetrader.com/vb/attachment.php?s=&postid=2615288
 
In the end with the daily sequences I still feel that this is a possibility.

This is the original posted chart

http://www.elitetrader.com/vb/attachment.php?s=&postid=2609165

and that original post is the third one down here

http://www.elitetrader.com/vb/showthread.php?s=&threadid=113310&perpage=6&pagenumber=2104

Also Another chart is attached with question added
Should the traverse that built the first sequence on the monthly chart be penetrated to end that on, and continue the rest of the sequences for the March traverse on the monthly chart?

I have only built a tape on retrace traverse on monthly chart.

I am still looking for a non dominant- then a dominant return to finish the sequential order of the retrace.


THEN I will begin to look for a real point 3 down of this monthly.

I would like to know if this is correct ?

. . . Or do all I need for this retrace ( monthly chart ) is a tape on the monthly and that satisfies the sequences for the retrace ?


( also this point 3 down that we are building up to on the daily would be the retrace of the retrace traverse on the monthly. . . . wheeeeeew that a tough one to write )
 

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