Iterative Refinement

Discussion in 'Journals' started by Spydertrader, Jan 3, 2008.

  1. gooch87

    gooch87

    my morning
     
    #10551     Dec 29, 2008
  2. Nice morning :)
     
    #10552     Dec 29, 2008
  3. So far...:)
     
    #10553     Dec 29, 2008
  4. WG,

    Do you consider your 11:20 to :40 B2B a "faster fractal" B2B/Traverse?
     
    #10554     Dec 29, 2008
  5. Nice Channel....:)
     
    #10555     Dec 29, 2008
  6. Hey GMan,

    I'm not exactly sure what you mean, but maybe my attached chart will explain how I saw it.
     
    #10556     Dec 29, 2008
  7. WG,

    Thanks for the response.

    My understanding (weak as it is :D) is that for a "ES 5 min. traverse" to materialize we need two cycles of increasing volume (i.e. like your 10:20 Pt2). The B2B @ 11:20 to :40 on your chart only had one increasing volume cycle. I understood this to be a "faster fractal" traverse, basically a "sub traverse". Therefore, according to my twisted logic, the Pt2 for the Non Dom Up traverse would be at 12:10. This makes a Pt3 and a SOC a geometric impossibility with the resulting Price action.

    Consequently, it appears I am operating under a incorrect understanding of what a "ES 5 min. traverse is and what a "faster fractal" traverse is.

    Hope this makes some sense.
     
    #10557     Dec 29, 2008
  8. gooch87

    gooch87

    Here's the rest of my day.
     
    #10558     Dec 29, 2008
  9. ...
     
    #10559     Dec 29, 2008
  10. If I won't leave the nest on my own, I need to be pushed out :D:D:D
     
    #10560     Dec 29, 2008