Iterative Refinement

LOL! We remain focused on the markets reality

Amen to that! Collaboration is key

 

As Spyder says, many ways to skin a cat. Nice trades today BTW.

 

... sequences

 

... matching colors (some on different tape or traverse levels)

 

debriefed chart...thinking outside the box...

edit - traverse pt 2 will coincide with red channel pt 3 down.

 

So, when price is in a long non-dom pt 2 to 3(traverse level) competing with a short dom pt 3(channel level), what is one possible outcome that an ES 5 min traverse level trader expecting?

HVST - High Volatility Speed Traverse

 

... today's gap was ... one of those

 

Good job.

One entry, and four reversals?

 

I agree.

 

Seems I'm on a slightly different wavelength.

My interpretation was that what initially began as a 5-minute level channel is now operating as an intermediate channel, just as what began as a traverse in the pm of 12/12 ended as a channel.

So what I have, from 10:35 EST is a long non-dom channel, composed of three traverses, which, in turn, are composed of three sub-fractal traverses (the last one yet to complete).

Nailing all of the turns (on a subfractal level), at 7-15 reversals/day, should bring us to 'within the neighbourhood' of the offer.