[dkm]

Originally Posted by Neoxx »

If the price pane were blanked out in this example, should we still know we have a traverse rather than a tape?
Neo

We are told that the gaussians MUST match our tapes. If the price pane is blanked out, how can we possibly know that our gaussians are correct?

With no reference to price, the attached examples would seem legitimate alternatives.

[jbarnby]

Originally Posted by Ezzy »

I'm more curious if your reliable informant also confirmed the tape starts at 11:30 instead of 11:00, or if there was a reason to restart there? I would have started it at 11:00 and gone from there.

Yes, I'm quite curious about this as well...

[Neoxx]

Originally Posted by dkm »

I came unstuck when I was reliably informed that the period from 11:05 to 13:05 on the attached chart was "just a tape".....

I suspect the 11:50-12:50 lateral may have had something to do with that...

[ljyoung]

Originally Posted by PointOne »

Really? Are Point 2s always FTTs of something? If it's a tenet, it's one I've missed. Which is somewhat galling after 2.5+ years of "this stuff".

In my experience, Point 2s regularly form on a VE of the next faster fractal, at a coincident peak in volume. There's even an example posted by Spydertrader a few posts back:
P2 on VE

As we all know neither romanus nor PointOne are slouches but the example P1 selected to disprove romanus' contention is in error, IMO. This is not to say that either trader is right or wrong. It would help if P1 found a better example to support his notion.

lj

[romanus]

Originally Posted by PointOne »

... There's even an example posted by Spydertrader a few posts back:
P2 on VE

See attached. B2B medium level thickness gaussians end at an FTT of the blue accel up tape.

[romanus]

Originally Posted by gucci »

Hi romanus,

I do not know whether I interpreted the quoted sentence the way it was supposed to be, so bear with me. But there seems to be a tacit implication that FTT represents the ONLY POSSIBLE end effect (i.e. completion) of a sequence on any fractal?

It's not an implication, it's a reality - the basic market tenet.

[Spydertrader]

Originally Posted by dkm »

We are told that the gaussians MUST match our tapes. If the price pane is blanked out, how can we possibly know that our gaussians are correct?

The correct attribution should read, "The Gaussians must match the trend lines."

I'm confident many have read a post (or ten) by Jack clearly stating how one could almost trade by simply focusing on Volume alone. I'd even hazard a guess than more than a few people could post a link to one (or several) example(s) of such posts. Now, let's look at the exact question posted by Neoxx ...

Originally Posted by Neoxx »

If the price pane were blanked out in this example, should we still know we have a traverse rather than a tape?

Anything jump out at you in particular? If so, what might one conclude?

Originally Posted by dkm »

With no reference to price, the attached examples would seem legitimate alternatives.

Everything is not always what it appears to be (at first glance).

I encourage everyone to look at what appear to be "legitimate alternatives" in this case, and by doing so, test said conclusions against known circumstances in an effort to determine whether or not the statement represents a valid conclusion.

- Spydertrader

[romanus]

Originally Posted by ljyoung »

... This is not to say that either trader is right or wrong.
lj

Attached is yet another example of the same principles at work - placing the end of traverse level B2B gaussians (medium level thickness) at any point in time prior to 13:30 would not result in correct identification of the traverse.