Iterative Refinement

cool cool, Hadn't thought of that yet. Thank you for that tip

 

You have a 'tape' drawn in - not a 'chubby' tape. A review of the definitions for tape, channel and 'chubby' tape might prove helpful. In addition, you might find the use of carryover channels helpful.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1939802>

 

Is this relevant to you? you did not have increasing on the actual bar (point 3) this may be the clue. Is say may

 

Is this a requirement for a point three?

Does the increasing volume have to be on the same bar?

 

Got it.

Thank you.

 

I believe you do have a chubby tape there, it's the green down tape after the red FTT....

 

For those who may have forgotten, I'd like to take a quick moment to welcome back our old friend - CCC.

It's been a while.

A tight range day and the return of CCC - Looks like summer.

- Spydertrader

 

Yes, that one is supposed to be a pt1 to pt2 traverse for the down channel that would match the slope of carry over channel. Soo, I am patiently waiting for pt3 down, followed by either an FTT to pt2 in a new up channel, or new dominant traverse down. On the other hand I have accelerated pt3 down channel (blue) with FTT in it and new pt3 up channel, but that leaves that chubby down tape (teal) sort of hanging in the air. I am in the 'Stuckville' with no way out

 

Absolutely not a requirement, but to me, it's another signal.

 

You shouldn't be.

The market confirmed the blue down channel. The market did not confirm your chubby tape. BTW, I referred to the red up channel in my previous post in case any confusion existed.

- Spydertrader