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gltrader

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Posts posted by gltrader

  3. Posted

    This is where I run into problems. I see a volume sequence then I don't know if the next thing is equal to that or a part of that.

     

     

     

    I am still learning, but i think this post is very important when it comes to equal fractals.

     

    I don't know why Jack started referring to tapes as "bbt's". Bars building tapes?? Correction - Building Block Tapes.

     

    It is unfortunate that this thread has never fully addressed the process of forming tapes and traverses. As I understand it, all tapes begin with 2 bars, unless the 2nd bar is a flaw, in which case we wait for a bo of the 2nd bar in order to draw the RTL and LTL. Of course, if the 3rd bar high and low also fall inside the high and low of the 1st bar then we have a lateral tape. Having constructed our 2 or 3 bar tape, the tape continues until price closes outside the tape RTL, bearing in mind that the RTL is fanned as and when necessary to include all of the price action as long as price continues to close inside our tape. After we get our first close outside our initial tape, we can then begin to construct our next tape. The RTL bo of the 2nd tape forms the pt3 of our new Traverse, assuming that the the first tape began at pt1. This idea of 3 tapes forming a "Traverse" goes back to the beginning of the first Spyder journal on ET. However, we are reminded in this thread that it is the volume sequence that defines the presence of a Traverse so the above description cannot be considered complete unless we observe the mandatory b2b2r2b or r2r2b2r. It might also be worth mentioning that Spyder explained at the NY meeting that the absolute minimum number of bars for a Traverse is 5. Three bars to give us our "b2b", a 4th bar to give us "2r", and the 5th to give us our "2b" and sequence completion, and there MUST be a close outside each tape RTL in order to construct a Traverse.

     

    My apologies if this is going over old ground but I suspect it might be of use to someone who is more confused than myself, and it might even shed some light on my misuderstanding if someone wishes to correct this.

  5. Posted

    Wow, been awhile since I actually looked at these vids. Newbies can successfully refer to these vids to get the principles in place. In particular, find the cont, change video. It will really help you. This is an SCT thread, but the pace can be a bit quick for one unaccustomed to proper annotation.

     

    Watch these videos, listen also very carefully to the questions asked in the background and how spyder addresses some of them.

     

    Best Regards,

    Oddi

     

    Hello.

     

    Can anybody help me get those videos? it would be a great help!

     

    TIA

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