[NYCMB]

Originally Posted by ehorn »

I see several visible fractals on the 5M chart today...

Hi ehorn,
Does the green trendline represent "Traverse"?
Does the blue trendline represent "Tape"?
Please comment. TIA

[ehorn]

Originally Posted by NYCMB »

Hi ehorn,
Does the green trendline represent "Traverse"?
Does the blue trendline represent "Tape"?
Please comment. TIA

This is how I have annotated it, yes.

[dkm]

Originally Posted by ehorn »

This is how I have annotated it, yes.

With Spyder's definition of tapes on page 1, post #5, could someone PLEASE explain how on earth the blue trendline could be considered a "tape" and the green trendline a "traverse"??

[ehorn]

Originally Posted by dkm »

With Spyder's definition of tapes on page 1, post #5, could someone PLEASE explain how on earth the blue trendline could be considered a "tape" and the green trendline a "traverse"??

Hi dkm,

IMHO, Post #5 gives us a primer for the building blocks (i.e. BBT's).

As Spydertrader mentioned earlier,

"...begin with these smaller pieces and build from there. In such a fashion, you'll soon see how letters form words, and words become sentences. It is within these sentences that the market tells its story..."

With that, I have annotated the story I read for Friday...

[ptunic]

Wednesday, September 9, 2009
Thursday, September 10, 2009
Friday, September 11, 2009

Originally Posted by innersky »

Imho, your first down traverse is not valid as the RTL gets broken (10:15) on decreasing volume...
innersky

Thanks for the feedback and your chart. There are usually a few parts where I can't get the price channels to match volume exactly (I could fix one part then it breaks another). So I try a best fit (or least bad fit). It's good to see everyone else's chart to compare these areas, good food for thought.

[cnms2]

Originally Posted by dkm »

With Spyder's definition of tapes on page 1, post #5, could someone PLEASE explain how on earth the blue trendline could be considered a "tape" and the green trendline a "traverse"??

From Spydertrader's post #177:

Whatever something "looks like" in the Price Pane falls under the catagory of unimportant because a tape does not ever look like a traverse (or anything else) when observing the Volume Pane.

[cnms2]

Originally Posted by cnms2 »

From Spydertrader's post #177:

Whatever something "looks like" in the Price Pane falls under the catagory of unimportant because a tape does not ever look like a traverse (or anything else) when observing the Volume Pane.

Also, check #75 and #77.

[dkm]

Originally Posted by cnms2 »

Also, check #75 and #77.

With the greatest of respect, referring me to previous posts that I have read 100 times does not help. When someone remains unable to understand something it is often beneficial to offer an explanation from a different perspective or even, dare I say it, an annotated illustration. Responses of the nature "it's all been posted here before" serve only to frustrate.