[ljyoung]

Originally Posted by romanus »

The way I looked at it, which may not necessarily be correct, is that, if one begins the down tape with bar 4, one would effectively place p1 of that down tape at the high of bar 4 and p2 at the low of bar 5. Which results in a tape that doesn't have a p3. When bar 6 arrives with increasing volume we have a trend, and as such p3 must be placed somewhere. Bar 5 already has p2 at it's low and as such is eliminated from consideration. Accelerating the tape to bar 6 produces the tape which has p1 and p2 on bar 5 and p3 on bar 6, which may or may not be more accurate way of annotating a trend.

Thanks romanus. Your argument is based on the assumption that points 1, 2, and 3 of the 'primordial' tape must be located on 2 bars and if that were so, then I would have to agree that yours and ehorn's interpretation was the favoured one. However in this post The Price / Volume Relationship - Page 15 Spyder shows that it is not the case that points 1, 2, and 3 only be on 2 bars of a primordial tape. Now as luck would have in the example we are talking about, the 2 bar tape between bars 4 and 5 forms a perfect "LTL" tape , if you will. By my read an "LTL" bar behaves more like a "VE" bar, so I am comfortable with putting point 2 at the bottom of bar 5.

Like you though, what I have adopted is a working hypothesis and I would, as always, delight in having someone trash it.

[PointOne]

Originally Posted by ehorn »

My efforts for the 3 fractals from Friday (7/31).

Take out the final R-B+ on your level 2 fractal to reveal the actual B2B 2R 2B.

[cnms2]

Getting to know that you know

[TIKITRADER]

Just reminded me I have this one laying around.
Originally drawn and shared by Mr. Black, ( nice contribution Mr. B ) slightly modified shortly after.

[ljyoung]

The 'polarity' of a bar appears to have some consequences as evidenced by the discussion between romanus and myself. It would seem that both of the situations described are possible and acceptable under the correct conditions.

By polarity is meant that for a rising black bar (as distinct from an IBGS bar) P1 is at the bottom and P2 at the top, while for a falling red bar the opposite is true.

Does anyone know of other situations where attention to the polarity is important? Again, with the discussion noted above, its consideration affected how a Gaussian was read.

[ljyoung]

Here's one more imitation strawberry poptart of a question for Sunday morning.

Can the highest pace bar of a 5 min ES traverse ever be the point 1, point 2 or point 3 of that traverse?

Now I will take your leave and journey north to install the dreaded Vista on my wife's new computer. Gak. What a wretched OS but from what I hear Windows 7 is a bit of a pearl and set for public release soon.

Have a good day.

PS: Yes, that's me. The little nerd in the back with red hair, freckles and coke-bottle spectacles. The only stupid question is the question left unasked. If cnms2 can get poetic, then so too pour moi.

[rs5]

Originally Posted by TIKITRADER »

Just reminded me I have this one laying around.
Originally drawn and shared by Mr. Black, ( nice contribution Mr. B ) slightly modified shortly after.

Thank you Tikitrader. Very helpful! Is it correct to say that tapes consists of 2 bar? More than 2 bars are traverse?

[cnms2]

Originally Posted by rs5 »

Thank you Tikitrader. Very helpful! Is it correct to say that tapes consists of 2 bar? More than 2 bars are traverse?

Check Spydertrader's post #111