[MomentumMike]

Originally Posted by Spydertrader »

What you have drawn (red and blue) does not accurate reflect reality. You might try deleting all lines and try again in an effort to 'see' what you missed in real time.

Spyder, thanks very much for your response.

Maybe I'm mixing fractal levels? This time through I've managed to eliminate about 4 tapes that were only a few bars in length. Perhaps these were subfractals.

[Spydertrader]

Originally Posted by MomentumMike »

Maybe I'm mixing fractal levels? This time through I've managed to eliminate about 4 tapes that were only a few bars in length. Perhaps these were subfractals.

Any line drawn on a chart must have a rational, objective, definable and consistant reason for doing so. Make sure all lines on your chart conform to this definition.

- Spydertrader

[romanus]

Originally Posted by Spydertrader »

It appears that you are wondering, "How best to construct (define) a Blue Thing?" This is a fair question. However, I'm merely suggesting you do not need to know how to build (create, construct or define) something, until you answer the question, "Do I need to build (create, construct or define) something?"

It appears that I've been attempting to kick in an open door -- and all that's required is a slight shift in paradigm.

Thank you for pointing that out.

Originally Posted by Spydertrader »

I understand reaching , what appears to be, amazingly high levels of frustration while traveling down this road.

The process is very much similar to a journey through a dark unexplored mansion. One enters the first room and it's completely dark. One stumbles around bumping into the furniture, but eventually one learns where each piece of the furniture is. Finally, after a while one finds the light switch, turns it on, and suddenly it's all illuminated. One can see exactly where you were. Then one moves into the next room and spends another few months in the dark. Unfortunately, each of the breakthroughs couldn't exist without many months stumbling in the dark that proceed them. Thank you for your understanding and continuous feedback.

[Spydertrader]

Originally Posted by ehorn »

My view of the day...

You have a (Medium Weight) Volume Container which completes at noon (Eastern Time and Bar Close). In order to have had a completion at noon, the market also requires a beginning sometime before noon (and according to your (Medium Weight) Gaussians, this beginning commenced on the previous trading day). Can you annotate this specific container in the Price Pane to match your Annotations in the Volume Pane?

- Spydertrader

[ehorn]

Originally Posted by Spydertrader »

You have a (Medium Weight) Volume Container which completes at noon (Eastern Time and Bar Close). In order to have had a completion at noon, the market also requires a beginning sometime before noon (and according to your (Medium Weight) Gaussians, this beginning commenced on the previous trading day). Can you annotate this specific container in the Price Pane to match your Annotations in the Volume Pane?

- Spydertrader

I can annotate it, yes.

EDIT: I was reading lateral traverse.

[Spydertrader]

Originally Posted by ehorn »

I can annotate it, yes.

O.K. Perhaps, I should have said, "Can you annotate these things correctly in the Price Pane?"

Originally Posted by ehorn »

EDIT: I was reading lateral traverse.

Think about Trend Lines for a moment. In an Up Trend, can a Point Three fall below a Point One? In a down Trend, can a Point Three fall above a Point One? Now apply what you know of these answers onto a Lateral Trend.

What do you see now?

- Spydertrader

[ehorn]

Originally Posted by Spydertrader »

O.K. Perhaps, I should have said, "Can you annotate these things correctly in the Price Pane?"- Spydertrader

Now that is applying some context! LOL!

Well, I snuck by with it this morning - but I recall a discussion we had some time back about how the market can present situations where one is lulled into thinking they are correct until they are presented with a similar situation where they are NOT. The AM tricked me today by giving me just enough rope to hang my PFC premise on. Admittedly, there was little breathing room in there for a DOM short.

Originally Posted by Spydertrader »

Think about Trend Lines for a moment. In an Up Trend, can a Point Three fall below a Point One? In a down Trend, can a Point Three fall above a Point One? Now apply what you know of these answers onto a Lateral Trend.

- Spydertrader

Surely. That darn PT3 was so close to my gap adjusted TL's I was second guessing my carry over values (and without the benefit of auto gap removal - I went with it). I will wipe off the lines and give it another go with a clear head in a morning debrief to see what I can see.

Thanks and have a great eve!

EDIT: ok, I will take door # 2... Down traverse completion @ 15:05 yesterday for PT1; PT2 @ 11:00 Today; PT3 @ 12:00, then onto accel. If I accept this then it was not this A.M where the initial misstep occurred, but overlooking yesterday afternoons completion which subsequently gave me an inaccurate PFC and placed me on the wrong footing.

All times Eastern and [close-of] 5M bar.

[MomentumMike]

Friday, Feb 26, 2010

What I saw today:

There was a BO of the CO up-traverse at 10:05. Pace was in line with my expectations and I saw an R2R that appeared to be on the same fractal. When the 10:35 bar “invalidated” the P1 (10:00) of my forming down-traverse, I determined that I had actually seen an FBO. Perhaps I need to be wary of this following acceleration, i.e., maybe FBO's are more common after accelerating.

Throughout the day, I fanned the up-traverse due to decreasing volume at the RTL.
I saw another BO of the CO up-traverse at 16:00. I’ll be waiting for P3 of the forming down-traverse on Monday morning, although because of the increase in volume at the end of the day, I think P3 may have already formed on today’s 16:15 bar. Still, the close was high on the bar, so this is TBD.

The volatility of the open seems to have a habit of “ruining” a nice formation like this. I’m curious to see what Monday will bring.

(All times close-of-bar.)

Thanks for any feedback!