[Spydertrader]

Originally Posted by vienna »

Here you go... what is called a tape in the image I took to be a traverse...

Listen. You need to fight the urge to overcomplicate things. In the beginning stages of attempting to learn this material, everyone (including myself) tries to 'invent' different ways they 'feel' might best suite their needs, but the reality is, far different than one expects. You currently find yourself 'hung up' on vocabulary. Your prior educational experience dictates you need to understand vocabulary in order to understand a concept. This is true only in cases where vocabulary is the differentiating factor.

In this specific case the words "tape, traverse, channel, bbt, sub bbt sub-sub bbt (or however many fractals down the rabbit hole one wishes to travel)" have zero relevance to understanding. One could just as easily use "thin, medium, thick, dotted, dashed, dot-dashed" or even "pig, goat, cow, spider, insect, bateria" to describe the exact same events. You understand the "pig, goat, cow" analogy because you know the absolute definition of each organism. You therefore assume, using the same approach, all you need is to understand the absolute definition of "tape, traverse, channel or bbt," What the reality is you have yet to understand that the market often speaks in a language which (while sometimes providing absolutes) most frequently transfers information in a relative sense.

In other words, you should focus on when you have a completed container compared to when the market continues to build the same container. In such a fashion, you need not know what to call the container itself, but by applying the fractal nature of all markets, you can know when one container has ended, and another has begun.

- Spydertrader

[nkhoi]

Originally Posted by vienna »

Here you go... what is called a tape in the image I took to be a traverse...

what 'the man' said above also I look at picture and I notice each piece of three big pieces has 3 smaller pieces inside I think that is what the picture trying to convey.

[patrader]

Today's ES.Comments welcome especially if accompanied by my chart with "arrows" on it.lol.Thanks

[Breakeven]

Originally Posted by moosie »

Can you talk about accelerating your pink traverse to a new pt3 @ 10/14 14:00? It seems necessary on my chart too, but I can't figure out what gives us the 'heads up' that a new traverse pt3 is on the table.

Well, first of all, I think you can safely ignore that last chart I posted. I was trying to illustrate something that just did not come out right. The "idea" behind that chart was flawed as well.

But I would be happy to give a rundown of This Chart which I believe to be the most accurate of my charts. But note that the exact ending points for some of the gaussians are probably a bit rough, especially on the morning of the 14th.

The idea behind the chart I just linked hinges on WWT (what wasn't that) and the FB-Lateral around mid-day on the 14th. I believe that lateral to be equal (the same fractal) to the thin Orange down container and worked backwards from there. Now, I could not decide if the morning of the 14th was Pt3 of a Tape or a Traverse, but I did know that an Up Tape and Down Tape followed my Lateral. So, all I have to do is decide what fractal the Orange thin line is and that will tell me what came before.

If that Orange container is a Tape, then the Lateral is a Tape and the Traverse Acc's there...and we get two orphan Tapes trailing after. So my thinking is that this can't be correct.

If that Orange container is a piece of a Tape (namely 2R) then the Lateral is also a piece (that follows what I think is Pace Acc) and I can Acc the Tape. Now I have one Down Tape (the Purple lines) followed by an Up Tape>Down Tape, this seems to work. Which means the afternoon of the 13th and the morning of the 14th are pieces of a Tape.

I know this probably seems an overly convoluted way to try to answer your question, but what I think would not have made sense without my perspective.

Originally Posted by moosie »

Can you talk about accelerating your pink traverse to a new pt3 @ 10/14 14:00?

Short answer for what I think:

There is not a new Pt3 for the Traverse at 14:00. It is the Pt3 for the Traverse.


Disclaimer: Please assume everything I say is incorrect, as it may very well be. It is very possible that I jumped fractals forwards and backwards, just ending where it seemed to work by chance.

I hope this helps more than it hurts.

[patrader]

Today's chart with lateral formations added.

[gucci]

Originally Posted by gucci »

Think in terms of tapes. Start with what is observable. To observe a traverse you need at least two tapes break each other, whereas the volume tells you whether those breaks are noteworthy or not.

I meant three tapes of course. I apologize for any confusion.

[vienna]

Thanks a lot, that helps!

Originally Posted by Spydertrader »

Listen. You need to fight the urge to overcomplicate things. In the beginning stages of attempting to learn this material, everyone (including myself) tries to 'invent' different ways they 'feel' might best suite their needs, but the reality is, far different than one expects. You currently find yourself 'hung up' on vocabulary. Your prior educational experience dictates you need to understand vocabulary in order to understand a concept. This is true only in cases where vocabulary is the differentiating factor.

In this specific case the words "tape, traverse, channel, bbt, sub bbt sub-sub bbt (or however many fractals down the rabbit hole one wishes to travel)" have zero relevance to understanding. One could just as easily use "thin, medium, thick, dotted, dashed, dot-dashed" or even "pig, goat, cow, spider, insect, bateria" to describe the exact same events. You understand the "pig, goat, cow" analogy because you know the absolute definition of each organism. You therefore assume, using the same approach, all you need is to understand the absolute definition of "tape, traverse, channel or bbt," What the reality is you have yet to understand that the market often speaks in a language which (while sometimes providing absolutes) most frequently transfers information in a relative sense.

In other words, you should focus on when you have a completed container compared to when the market continues to build the same container. In such a fashion, you need not know what to call the container itself, but by applying the fractal nature of all markets, you can know when one container has ended, and another has begun.

- Spydertrader

[gucci]

Something to keep one going...