Iterative Refinement

This answer gave me a nudge to move forward. On the other hand the only one explanation I can come up with resides in (in my opinion subjective) different angles between the first traverse and the mentioned tape. I hope, I'm wrong.

 

Ahh, perhaps think in terms of different 'slopes'.

 

True there are times with similar developments we hold, but are these times also at the conclusion of a sequence like yesterday was?

 

Thank you Avi 8, my fault, I meant slopes. But is it the right answer?

 

The second blue-colored query addresses your point, IMO.

lj

 

As one traverse ends another one begins in the opposite direction. As it begins it starts with a tape. The tapes take price to pt2 of the traverse, then to pt3 and back to into traverse.

EDIT: The text in the picture represents quotes form different Spydertrader's posts. If one wishes, one can search to locate those posts for appropriate context.

 

Romanus,

I understand the onion (fractal) structure (nature) of the markets. Nevertheless, thanks for your efforts. I got confused comparing two following charts and trying to differentiate between tapes and traverses as they are forming real time.

This one:
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1998307>

And this one:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1984743>

To grasp the difference would be an AHA for me. Compare the first traverses and the behaviour of the market afterwards.

 

No it doesn't.

First, Bar seven does not show peak volume.

Second, I have already provided the answer to this question.

Third, The GuavaMan wasn't asking you a question which required you to respond to him. Guava attempted to guide you in a direction with his interrogatory.

- Spydertrader

 

I wonder if following the directions I provided (drilling through 20 - 60 charts) might assist your discovery process.

- Spydertrader

 

5 Minute ES Chart July 17 08.


It has been a while since I have posted a 5 minute chart.