Great minds, etc.... I'm beginning to think I'd actually be better at swing trading this method. I remember you paper trading a swing trade last year, have you progressed in that? - palinuro
I'm having a bit of a hard time picturing this as a non dominant volume. I see it more like this…
your absolutely correct that you had inc black for that traverse but imo that traverse was non dom....non dom is decreasing as far as sequences go. I could be wrong, but thats why I started the discussion...maybe Spyder will come out of retirement to set us straight
Aha, I understand now what you were trying to say. I guess we will see what the market does tomorrow and maybe better understand today’s action. For tomorrow my anticipated sequence is for the market to finish an up move then non dominant traverse down and channel point 3 up with a new traverse up.
I have not traded on a daily in a while. I would like to return to it, but for now I just keep focusing on the sequences on the 5 minute, and strict discipline while trading the sequences. Sounds funny, but I cant tell you how many times last year I would enter a trend trade on the point 3 of a point 3, ( final dominant sequence of a traverse ) only to have it go against me. ( trading into EVERY point 3 jumping fractals) Duh ! at that point I should have been looking for change Sequences and the discipline to stay on the correct fractal clarify those mistakes now. As far as the daily charts, I did really enjoy posting daily, and I hope to soon get them up again in this journal.