Fractal - 1. Term coined by Benoit Mandelbrot in 1975, referring to objects built using recursion, where some aspect of the limiting object is infinite and another is finite, and where at any iteration, some piece of the object is a scaled down version of the previous iteration. 2. A geometric pattern that is repeated at every scale and so cannot be represented by classical geometry. 3. A fractal is generally "a rough or fragmented geometric shape that can be split into parts, each of which is (at least approximately) a reduced version-size copy of the whole". 4. A geometric figure that repeats itself under several levels of magnification, a shape that appears irregular at all scales of length, e.g. a fern. First I completely understand what Jack stated and what tiki posted. The charts you post are based on Jack's definition of reoccurring patterns and that is fine. Your charts align with that definition. What I am saying is that what I do AND what Jack does is not a strict definition of fractals. Above is listed what Mandelbrot himself and this unique environment views as a fractal and it isn't what you are looking at. Each chart you post is creating the same patterns, as what I see on my charts, but the order of those patterns are random. There is nothing about a fractal that is perpetually random. I am glad that using your specific definition, that you and Jack's group have such great success in your trading. I not only understand that, I respect it. There is not "one" best method for trading. The great part about this environment is suppose to be that sharing gives us all the ability to take parts away from each other to hopefully improve on each of our personal profits. It's childish to simply sit back and say, "mine is better than yours and you are clueless." Until you understand both sides of the discussion can you make an intelligent decision as to which you prefer and in the end that is all that matters. I know what I do is not fractal in nature because the 32 perfectly natural oscillation patterns that my charts create only randomly repeat. My charts natural oscillation patterns are able to create 1.46150164 Ã 10 to the 48th power, (number of reoccurring oscillation combinations). This being said it would be virtually impossible for these patterns to become fractal. They can be consistently read though, through setting up your charts to be nested fractionally. After many many years of research I proved that all of these amazing markets were naturally cyclic in the way they are built and what was important was those cycles created only 4 possible outcomes. In other words, it wasn't that the patterns were the key it was the oscillations themselves which are the building blocks. It is like going one more step beyond what you think a fractal should be. This is what you refuse to understand that I'm trying to point out to you.
I totally understand what your saying. I just disagree. That being said, I do use CDV oscillations to confirm fractal market symmetry. To each his/her own.
The trend actually changed on 9/23 (fed day). On shifted, the retrace formed a double top. On a RTH chart, the retrace formed the head of a head and shoulders pattern. Even though price went higher on the RTH chart, the head leg up is non dominant on the daily fractal.
Right on... This is how I have also been tracking... Thanks for the updates - I enjoy the gap-less view.