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innersky
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Everything posted by innersky
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This was September 9 for me.
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Imho, your first down traverse is not valid as the RTL gets broken (10:15) on decreasing volume... -- innersky
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Assuming that you are right about the fact that the lateral continues here, it means that an IBGS that pierces a lateral does not always ends it. (perhaps it must pierce it on the RTL to be a lateral killer?) -- innersky
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romanus, at 14:05 there is an IBGS that pierces the lateral formation, shouldn't this end the lateral? -- thanks, innersky
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A quick look shows me that the 15:30 PM Bar on 8-5-2009 -> 13:30 PM on 8-11-2009 period consists of a down channel, an up channel and a down channel, where each channel has 3 traverses. (I still had my annotations...) -- innersky
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Why do you need a looping function? Just for bar coloration? -- thanks, innersky
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When we look at the first R2R2B2R (13:00-14:00) we think down traverse. However, when price goes through its left trendline, it does so on decreasing volume. This means that we do not have a complete traverse. As such, 14:40 becomes the new pt3. After our new pt3, we can see a R2R forming, meaning a new faster fractal is forming, that also has to complete. When this fractal finally completes, we can see that it forms an FTT. At 15:50 price does go through the left trend line on increasing volume, and we have confirmation that the down traverse has completed, and an up traverse has started. -- innersky
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Actually, the answer does not lie with Spyder, but in the charts. -- innersky
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Correction, that ibgs bar must be on increasing volume in order to kill the lateral -- innersky
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What I know about lateral formations To start a lateral formation minimum 3 bars are required where bar 2 and 3 are contained within bar 1 It can be ended in several ways: - 2 consecutive closes outside the lateral boundaries without forming a new formation with the exception when these 2 closes are flaws, then we need 3 bars outside the lateral - an ibgs that pierces a boundary - when a new lateral formation is created inside the lateral formation There are 2 types of lateral formations that matter : those that start on or after pt2 (and before pt3) being non-dominant lateral formations and those that start after pt3 being dominant lateral formations Feel free to add missing things/make corrections -- innersky
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While I do understand that volume is the most important part of a chart, do we still need price for context? ie price must leave a traverse on increasing volume, and pt2 must be outside the previouse traverse (and gaussians still have to match channels) Is anything below a traverse considered a tape? While I do understand what fractals are, it seems real hard to apply this principle consistently to volume. -- innersky
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So are you saying that anything below a traverse is by definition a tape? -- innersky
