[PointOne]

Originally Posted by romanus »

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.

Again the P2 (of the blue channel/traverse/container) is on a VE of the next faster fractal. Where is the FTT (on the next faster fractal) that the tenet demands?

[PointOne]

Originally Posted by romanus »

One can go no further then post #4 of this thread : http://www.traderslaboratory.com/for...html#post70030 and simply look at the picture attached there. For convinience I am posting the picture again.

And if you don't look simply at it you see that there is not an FTT shown at the P2. I don't know if that was deliberate or sloppy drawing.

[Spydertrader]

Originally Posted by jbarnby »

What I notice...

By quoting Neoxx and highlighting certain areas of the quote, when I used the phrase "anything jump out at you?" I was referring to the orange highlighted section of Neoxx's question in that Neoxx chose to request an answer for this specific example only, and not, all examples.

- Spydertrader

[romanus]

Originally Posted by PointOne »

Again the P2 (of the blue channel/traverse/container) is on a VE of the next faster fractal. Where is the FTT (on the next faster fractal) that the tenet demands?

It is right where the medium B2B gaussians end. Apologies for missing the black skinny trendlines.

[romanus]

Originally Posted by PointOne »

And if you don't look simply at it you see that there is not an FTT shown at the P2. I don't know if that was deliberate or sloppy drawing.

1. All trends ( skinny, medium or thick lines in the picture) end with an FTT.
2. Where skinny trend ends the market arrives at a Point (1, 2 or 3) of a Traverse.
3. The skinny trend ends with FTT.

1 + 2 + 3 => A Point (1, 2 or 3) of a traverse ( medium thickness lines) represents an FTT of 'something' of the next smaller fractal (skinny lines).

P.S. The thickness refers to both trendlines and gaussians. 'Something' may look like a traverse, however, if it is not (a traverse, based on gaussians), then it must follow that correct annotation of that 'something' must be done with skinny trendlines and gaussians.

[PointOne]

Originally Posted by romanus »

It is right where the medium B2B gaussians end. Apologies for missing the black skinny trendlines.

Could you annotate the P2 (of the blue or black channel) and the associated FTT (on the next faster fractal) on your chart, I still can't see it.

(From your post above it seems that your P2 is not where the LTL is drawn.)

Does anyone else know what I'm asking and why?

[PointOne]

Originally Posted by ljyoung »

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

In what way is the example I posted "in error"? The example clearly shows a P2 on a VE of the next faster fractal. No FTT in sight, on the 5 minute resolution.

If it's a tenet that there is an FTT of something at points 1, 2 and 3 then I'd expect to see an FTT at every P2. I don't.

We've all seen bounces of VEs that BO of the RTL. Then, when we have P3, we draw the LTL through this VE and call it P2.

Anyone? Anyone? Bueller?

[ljyoung]

Originally Posted by PointOne »

In what way is the example I posted "in error"? The example clearly shows a P2 on a VE of the next faster fractal. No FTT in sight, on the 5 minute resolution.

If it's a tenet that there is an FTT of something at points 1, 2 and 3 then I'd expect to see an FTT at every P2. I don't.

We've all seen bounces of VEs that BO of the RTL. Then, when we have P3, we draw the LTL through this VE and call it P2.

Anyone? Anyone? Bueller?

The 'P2' to which you are referring is not a P2 of a 5 min ES traverse as you can verify for yourself by annotating the channels from the prior day. I believe I am correct in saying that when romanus refers to a 'traverse' he is referring to a 5 min ES traverse, what Neoxx has called a 'standard traverse'. Anything faster is a tape or a fat tape or a fasterfractal traverse or a subfractal traverse or a goat or whatever.

I know exactly what you are referring to with the "VE" (and "LTL") bounces and BO's but what is being said here, and I believe correctly, is that such bounces and BO's, while tradable, are not bounces and BO's of 5 min ES traverses.

lj