[TIKITRADER]

This is an old chart from Spyder I had added some of my annotated thoughts from quit a while ago.

Is this one part in the correct direction in volume / price relation ?

[Spydertrader]

Originally Posted by TIKITRADER »

Is this one part in the correct direction in volume / price relation ?

A danger exists with using older charts to find one's way. First, depending on the discussion (at the specific point in time of the chart's creation) annotation convention may differ in an effort to highlight the specific area under discussion. In other words, a discussion with respect to a 'faster fractal traverse' would see those areas highlighted in the annotated chart, and possibly, very few (if any 'actual' tapes), whereas currently, this discussion only considers three fractals - tape, traverse and channel (or if you prefer, skinny, medium and thick; L1, L2 & L3). Second (as is the case with this specific chart), the previous annotation convention may not apply to the current discussion at all. For example, note the Gaussians on the chart you attached. They only show two levels. Moving forward, we want to focus on 'seeing' all three levels of Gaussian activity and only three levels.

Again, I don't want to discourage the use of older charts. I just want to caustion everyone to view these artifacts as intended at the time of their creation, and not, from the vantage point of an improved knowledge plateau.

HTH.

- Spydertrader

[TIKITRADER]

Starting out at the most basic level, is this correct for the AM today on taping ? Volume gaussians are at the correct tape weight.

[dkm]

This is an attempt to differentiate tapes and traverses.

A tape begins as a 2 or 3 bar element with a LTL and a RTL. The tape RTL might steepen due to a close outside the tape LTL on increasing volume. A tape RTL may also require fanning to become shallower. In all cases a tape will continue as each new bar is formed until price closes outside the tape RTL.

A traverse must have a minimum of 3 tapes, forming p1 to p2, p2 to p3, and p3 to p1 of the next traverse. A traverse will include a full gaussian cycle of b2b2r2b or r2r2b2r. Any trend containing less than a full gaussian cycle cannot be a traverse and therefore must be a tape. The gaussians must match the trendlines. Traverses overlap at point 1 only.

Gaussian annotations on attached chart for traverses only.

[TIKITRADER]

Good post Dkm.

ok so lets start to differentiate a tape from a traverse.
There is a certain construct that will build a tape.
There is also a construct for the traverse.

These two can be compared against each other to differentiate.

We know a traverse is built of dominant- non dominant- dominant compartments to complete the traverse. Volume sequences will complete this.
Then each individual compartment that builds the traverse needs to be examined to see their construct.
We can look at each individual compartment of the traverse to see if they are built of a dominant- non dominant - dominant with volume cycles also completing this.

Tapes should be building each of the 3 compartments that build a traverse.
Tapes can be compared to a traverse to see if they require the same construct.

A traverse must have dom - non dom - dom in its build. Volume in a completed traverse will be increasing - decreasing - increasing .Does each compartment of the traverse require the same ?

Tapes build the compartments that build the traverse so
must a tape be built of the same ? increasing volume, decreasing volume, increasing volume ?
What exactly is the construct of a tape ?


What should be seen in the tape when it comes to volume sequences if any ?

This is posted to possibly bring about discussions of differentiation.

[romanus]

Originally Posted by TIKITRADER »

Starting out at the most basic level, is this correct for the AM today on taping ? Volume gaussians are at the correct tape weight.

IMO annotating the first two down tapes the way you did would result in a tape sequence (dom, non-dom and dom) creating a completed traverse sequence on tapes ( and consequently on medium thickness gaussians as well) at 10:05 OB. The first tape is drawn to decreasing volume bar. As such it has all three Points (1,2 & 3) on the same bar - Bar 1. Bar is an increasing volume bar which makes lower low. As such we must fan to accommodate it inside the original tape trendlines ( the way dkm did on his chart that he posted). The fanned out (decelerated tape - red on dkm's chart) has it's Point 3 on Bar 3. Drawing the tape from Bar 2 to Bar 3 the way you did would result in tape having it's Point 3 on Bar 3 and consequently two trends of different slope sharing the same Point 3. I don't believe this is a possibility.

[Ezzy]

Originally Posted by Spydertrader »

Originally Posted by Spydertrader »

Originally Posted by TIKITRADER »

Tapes build the compartments that build the traverse so
must a tape be built of the same ? increasing volume, decreasing volume, increasing volume ?
What exactly is the construct of a tape ?

What should be seen in the tape when it comes to volume sequences if any ?

This is posted to possibly bring about discussions of differentiation.

Hey Tiki,

Nice to have you back with us. Your questions are why I had posted a page ago regarding the above pics, and getting clarification for points 1,2,3 on the 2 bar tape. Assuming the smallest possible traverse you would need at least 6 bars (possibly 5?) to complete a traverse: 2 bar tape up, 2 bar tape down or lateral, 2 bar tape up. For a 2 bar tape the volume acceleration-deceleration-acceleration might be difficult to see over just two 5 minute bars. This is assuming that we need to apply the traverse and channel rules to tapes.

[Ezzy]

Originally Posted by dkm »

This is an attempt to differentiate tapes and traverses.

Nice work. I might want to add an accelerated pt3 at 12:40 or so for the traverse but that may be a bit OT for the time being. Looks good to me.