Iterative Refinement

Discussion in 'Journals' started by Spydertrader, Jan 3, 2008.

  1. gucci

    gucci

    Plus different closes in the latter snipet and the same closes of these two bars on the first.
     
    #5851     Jul 29, 2008
  2. See Spydertrader's post to you earlier.
     
    #5852     Jul 29, 2008
  3. dkm

    dkm

    The bo at 11:45 today was the beginning of a new traverse and 11:50 was a pt2, hence a hold.
     
    #5853     Jul 29, 2008
  4. The market has already built two traverses: dominant and non-dominant (in the form of lateral). Now you have a BO of lateral on increasing volume followed by a bar that fails to provide more increasing volume - this signals change preceding the price movement from pt2 to pt3 of the new dominant up traverse. Where and how that bar closes is irrlevant, the only thing that matters is that it failed to provide more increasing volume.
     
    #5854     Jul 29, 2008
  5. Jander

    Jander

    :cool:

    Nice description
     
    #5855     Jul 29, 2008
  6. gucci

    gucci

    You are right, romanus. I just tried to list all the differences.
     
    #5856     Jul 29, 2008
  7. :eek: Oops, I am sorry. I am meddling in other people business again. Apology. Won't happen again.
     
    #5857     Jul 29, 2008
  8. Jander

    Jander

    deja vu here again on the 13:40 bar
     
    #5858     Jul 29, 2008
  9. gucci

    gucci

    Never mind!:) Your meddling is conducive.
     
    #5859     Jul 29, 2008
  10. I have been confident of tapes , traverses , and channels until a week or two ago when some feedback on traverses had me think WTF?

    All clear now, I am a little slow at times ! hahaha!

    romanus, I'll take an extra large in white ok, thanks :D
     
    #5860     Jul 29, 2008