You are answering the question of why those two constructs on the left are traverses by saying, "... because they have to be. The thick red channel line says so." Most people know that to be so. Down-up-down traverse sequence for a downchannel and the opposite for an upchannel. Correct? Most of the time, but look at Spyder's chart on 2-3-09 and count the number of traverses in the upchannel. You seem to be making a point about acceleration but all three of the circled entities accelerate in some form or another. How do we know they are accelerating? Because the slope of the contained price action steepens. What's 'causing' the acceleration? It has to be pace. What's causing the pace to accelerate at these points in time? I don't know. Ask the smart money. Is there anything different about the pattern of the accelerations? Looks to be so to my eye. So what is left for me is this. The left bluetraverse terminates with a short uptape at the end of a fftraverse but price never pushes through the 'original' traverse P2. That, IMO, is what makes this a traverse. The heliotrope downtraverse terminates with a pace-driven tape - a tape which blew through the 'original' traverse P2. Is it because proper completion was attained within the 'confines' of a tape that this construct is called a traverse? I don't know but will run with that thought for a while and test it further. In truth, also really don't know what to say about the thick, green critter on the right . The other example you posted is contextually different. The annotation is different as well. The question remains the same. At what point did it become a channel and what makes it a channel? Why is it annotated differently than the heliotrope downtraverse? Why not have the traverse P1 and the channel P1 both be where the channel P1 is? IMO, the solution to this problem is to do what a lot of folks are already doing which is to trade on fractals faster than the standard fractal AND rigorously annotate those fractals with supreme attention to the RTL (look at some of makosgu's stuff on the RTL). Jack has said we annotate from the faster fractal upwards and that makes sense. Sequences play out at all fractal levels. This slower fractal stuff is great fun to decipher but one can get burned if you don't have things down pat. lj
Quote from ljyoung: You are answering the question of why those two constructs on the left are traverses by saying, "... because they have to be. I made no attempt to answer that question and if you re-read my post perhaps you will see my point. Quote from ljyoung: The thick red channel line says so." Most people know that to be so. Down-up-down traverse sequence for a downchannel and the opposite for an upchannel. Correct? Most of the time, but look at Spyder's chart on 2-3-09 and count the number of traverses in the upchannel. No one ever said a Channel must end after 3 Traverses.
Quote from R/R: 04-05-09 12:40 PM Quote from ljyoung: You are answering the question of why those two constructs on the left are traverses by saying, "... because they have to be. 1. I made no attempt to answer that question and if you re-read my post perhaps you will see my point. Quote from ljyoung: The thick red channel line says so." Most people know that to be so. Down-up-down traverse sequence for a downchannel and the opposite for an upchannel. Correct? Most of the time, but look at Spyder's chart on 2-3-09 and count the number of traverses in the upchannel. 2. No one ever said a Channel must end after 3 Traverses. Your point 1. Fair enough R/R. You did not actually say that but rather it was my reading and paraphrasing of your logic. Your point 2. So I have learned. It seems to be a 1,3,5,... but not a 2,4,6, ... sort of thing. Change of topic. What do you think about Jack's way of describing traverses as being composed of two tapes? lj
For those who might be interested this is what I am referring to: http://www.elitetrader.com/vb/attachment.php?s=&postid=2127797 Here is the page reference. It is the penultimate post: http://www.elitetrader.com/vb/showt...61&perpage=6&highlight=traverse&pagenumber=26 lj
For those of you willing to get a simple explanation of differences between sympathetic and papasympathetic modes of the autonomic nervous system. (10th minute into the lecture) http://www.youtube.com/watch?v=EFj7rotVM8I&feature=SeriesPlayList&p=1D6C5FC9E7B57AF3&index=1
question about yesterday. (see attach) The fuschia down traverse gets fanned, but on incr volume. Can anyone tell me why? Or in other words, how can one know, in this case, at the end of that bar how to know one must fan here? -- thanks innersky