Iterative Refinement

What do we see?

1. 12:10 EST (close of bar):

treeline:
I see that this bar continues up on IBV and
increasing volatility, then
forms an IBGS and
closes near the low in LM.
The IBV is actually DBV relative 2 bars ago.
I see that the royal blue Traverse has now widened into a Channel.
The third leg of this Channel now consists only of a series of 3 Tapes with progressively flattening slopes.
There is no Point 3 and no Traverse yet in the third leg of this up Channel.

TUMS:
20MA up

 

Tums,

do you mean, it is much simpler?

 

This is the 1st step in the M phase.
We are trying to list out everything we see... including things that might or might not be of use.

What else do you see?

 

first hour

 

Hi gucci,

Tums' comment "20MA up" was referring to someting I neglected to include in my list, which is that the 20 period simple moving average had an upward (positive) slope during the bar in question. (The 20MA also had an upward slope during the other two bars of the quiz).

 

This bar tried to penetrate the high of the bar holding the LTL of the royal blue traverse.

 

first 2 hours. Traded the ftt's, at least what I thought were ftt's of the sequences on my fractal. First time for that. After some head spinning days a little clarity was refreshing.

 

My first 2 hours with 8 trades .... i am using only 5 min ES

 

Great work Mr.

 

I left a lot of money on the table