I think what you said is exactly correct about the repeated FBO's and correct again about the frequency of washes/reversals. For sure today was another trending day and the idea that you just hold through all this stuff is also exactly correct IF you are very sure about where you are sequence-wise. If you are not and decide to trade on a faster fractal you had best know what to look for with respect to FBO's and reversals or you will get nicely sliced and diced. I like WGTrader's approach, as I have said before, as it allows you to make some money while you are learning this stuff. lj
I think is may be the other way around. Until we have all components required of the standard traverse - we don't have it. E.g. today I didn't see the completion of the 2nd dom ff traverse (which would be one of the components of the standard one) because it hasn't finished the sequence. And therefore I don't see a standard traverse today being completed as well.
As sometimes happens my tongue became swollen (from overuse) and what I was trying to say came out sounding not as I intended. It is not worth trying to explain. I didn't see completion either. lj
if you are on hold with mr Gau and have nothing else to do, check this out http://elitetrader.com/vb/showthread.php?s=&postid=2345159#post2345159