Begin with the previous day (Monday), and understand where the market sits with respect to the sequences. Knowing this describes the next day (Today) with resepect to WMCN. As a result, you'll then know why the Green horizontal trend line cannot exist. In addition, you'll see how at the end of today, the market began the task of creating a dominant channel. With respect to the sequences (once again), you can then know what the market has in store for tomorow (Wednesday). By example, Price currently sits within a dominant Traverse. Tomorrow, the market must complete this dominant Traverse, create and complete a non-dominant sequence, and finally, create and complete a dominant sequence in order finish that which the market began on Tuesday. In addition, the market must do so on each and every fractal. Obviously, the faster the fractal, the more frequently the sequences repeat. Again, one need no other tool than an ES 5 minute chart in order to learn to see that which the market provides. HTH. - Spydertrader
Take a closer look at your Gaussians. They don't quite match what you've annotated from a trend line stand point. Such an event normally occurs when a trader has jumped fractals without realizing it. Remember, when it comes to Gaussians, the dominant and non-dominant annotations correspond to the fractal which builds the trading resolution level. In other words, tapes build traverses and traverses build channels. - Spydertrader
Here's my chart from yesterday - I had a lot of trouble with the opening gaussians, and that seemed to throw me off for the rest of the day - in the end I quit an hour or so before EOD, feeling a real lack of confidence in what I was seeing, and therefore second-guessing myself even over obvious change signals. Strange, since a month ago I was feeling very confident and calling changes very well. Not sure what to do about it, other than debrief, and try to dig into more detail. - palinuro
The first six bars of the day (Tuesday) completed that which began at the end of the previous day (Monday). Always begin each day in an effort to determine whether or not the market is completing the previous day, or beginning something new on the current day. By time sync completes (and quite often prior to the open of Bar One) the market provides this information. By example, knowing where (with respect to the sequences and WMCN) the market sits, allows the trader to correctly anticipate how the next sequences need to unfold. As always, the Gaussians lead the way. If it helps, 'mentally' eliminate the 'gap' which forms from one market day to the next by 'sliding' Bar One back to the close of Bar 81 so that the current day 'open' sits at the same price Point as the previous day final bar. Certain mental 'gymnastics' such as these can often illuminate the current landscape and provide clarity where little existed previously. HTH. - Spydertrader
Thanks, spydertrader, that normally works for me, but for some reason yesterday it just didn't 'click'. I'm actually more concerned about the lack of confidence I showed at 12:30 (didn't act), 1:20 (entered and washed out twice), 2:30 (didn't act), though I suspect it's all related. - palinuro
It's a long shot, but is it because one has to wait for a flaw/VE before looking for change? -- innersky
open gaussians are a stretch, adjusted in hindsight. thought 950 was change from CO up traverse until the 1005 OB showed up. Had to change MADA. Thanks to Ehorns suggestion of dn traverse ending there things made sense for a while. Not convinced the channel sequences are correct at this point.
Based on this comment it is clear I incorrectly viewed the 11:05 and :10 bars as residing inside a large tape that started at the OB (10:05) as a result I place the Pt2 at 11:20 and the Pt3 at 11:55.