zt379

It's that fractal thing again ...

Firstly, my apologies for the questions about the P2. I just wasn't sure about it but now understand, so thank you, and as you say, your drill was about VE differentiation. I am still digesting all this. Your willingness to impart any fraction of insight is greatly appreciated gucci and by default the same to Spydertrader. "chunk the flow". I love it. I might use it as a new user name Seriously though. I'm getting light bulbs going off in my head.. thx As above, I think you've explained a part of the problem I've had with this method for some time. Thinking that we needed some sort of criteria like as you say a mold so that we knew what we had and how to build things. Like a brick looks like this and these bricks build a house etc... and incorrectly that a brick will always be the same.? Would I be close to say the only mold we really need is to recognize dominance and non-dominance wrapped up in lines so we know where our P's are and an FTT to start/end the thing at the right bar ? http://www.elitetrader.com/vb/attachment.php?s=&postid=2210216 Oh My .....more light bulbs......!!!!!!!!!!!! thx gucci

Thx for your efforts in replying gucci, it's greatly appreciated. I didn't know that about a P2 not needing to close outside an RTL. I will have to take that on board in respect of what an FBO and fanning the previous down RTL (Magenta) would mean. Also, if you're able to help. I'm confused about the new P3, having Ve'd. I presume the new P3 is on the 16:20bar? However, if so, I thought the 2R leg for medium (the 16.15 bar), because medium level Ve'd at 16.10, needed to be in it's own container (even if only a one bar container) to get to the new P3 ? If 2R does need to be in it's own container and so 16:25 is the 2R then how do we return to black dominance at 16.30, to complete the last medium black, without increasing black volume ? Continued thanks...

I don't understand how the B2B can start prior to 15.50 ? ie: you have a B2B starting before your Blue P1 at 15.50 ? I also don't understand how Blue P2 at 15.50/55 can be inside the Magenta RTL ? Thx

moosie This is my take if it helps.. (I stand corrected by those that know better)... hth

I've coloured the Traverse containers Magenta/Blue to be relative to each other. This is for the purpose of creating a "thing". A magenta thing and blue thing. We know we have a Channel P1 at 10:30, there for the Channel P2 (which would normally be at the end of the Blue container) needs to be outside the previous down Channel RTL. I've lost the carry over annotations so can't recall if the previous down Channel LTL VE'd and if so then where that previous down Channel RTL is. Regardless, if the end of the blue from 10:30 gets us to a Channel P2 that is outside previous down channel RTL then fine. If it does not then fine, because we then know the blue from 10:30 and magenta from 11:40 and last Blue from 14:05 are actually all faster things building the Blue. Which would get us to Channel P2. Hope that makes sense.

gucci If I may ask, to see if I'm getting on the same page. Would you agree with the remainder of the 15th from 10.30 onwards? (the Blue/Magenta and Blue). Many thx

Yes I see what you mean. I think it was a case of my brain knowing what it was thinking without realising it wasn't on the printed page. The subject matter moved onto VE's and new P1's so I was grappling with that as further information, and then began to realize how it related to my initial questions about fractals, for which I would like to thank you gucci. It has been a further and welcome insight. Thank you. If I may ask for your continued patience, I would like to re-iterate from your post # 2373, and my question in post#2374 and my questions... My continued thanks gucci...

I'm hoping the above (in bold)both say the same thing all be it in a different way...what do you think ? To add, I don't think the first Brown LTL is valid at 13.35. Reason being that we would need a BO of the P1 to P2 Tape RTL to confirm we had a P2. We don't get that until the 14:15 bar, hence the Brown number P2 at 14:10 and the Brown P3 there after at 14:20. Imo we are only VE'ing the Magenta LTL. Had the Brown LTL (the one from where the Brown number 2 is) VE'd then we would be looking for a new P1 after the Brown number P3...? Am I going mad ..lol ?

To have a P1 of anything we then need decreasing volume. P1 to P2 has 2 halves of a leg, decreasing to increasing. So I guess we don't have a P1 at 14'05 because 14.10 has increasing volume over 14.05.? Trouble is I've lost the plot as to why repositioning or even having a new P1 is on the table, other than Spyders reply to Breakeven about a new Traverse P1 being in the wrong position on a chart Breakeven posted ...lol

Is it because we hadn't had a Brown P3 yet by 14:05? And the reason we hadn't had a Brown P3 by 14:05 is because all price action is still contained within the first Tape from Brown P1 to Brown P2 until 14:10? In other words, we can't have a new P1 of anything until we've had a P3 of the previous thing we were building? And we couldn't have had the P3 until we had a separate container (Tape here 14.10 to 14.20) from P2?

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Thx EZZY..I've tried both typing in the

Ok, I recall Spydertrader saying something like "orientate to higher highs and lower lows first and then close." I think what you are saying is that a higher high here at 10:40 on Spyder clip does not make it an up bar, to which we would otherwise accelerate the rtl, because it closes below its open. 16:35 on your Dax clip closes above it's open and outside the range of the previous red bar, but you still considered it as a non dom bar. I shall have to ponder on why. I'm hoping the reason is definitive ? Yes I now see what you mean and to be frank I don't think I would ever have considered a bar with higher high on increasing volume as not being a return to dominance due to the close so my sincere thanks for your insight. There is of coarse the situation where a bar making a higher high and closing either below it's open or within the range of the previous bar with increasing volume, would be a SOC bar and could only be so if it had also returned to dominance. I suppose that will come down to what fractal the trader is trading and whether that SOC is on their fractal. (?) most certainly and thx gucci Would I be correct to say that the green rtl on your dax chart is your accelerated ? If so then you wouldn't have accelerated that until the close of the 16:35? If so I'm a bit confused by that last sentence above I've put in in bold? You have not added to the confusion. On the contrary, you have made things clearer. My sincere thanks for taking the time and effort to reply to my questions gucci. PS: to anyone, how can I get multiply quotes included from a post? there is only the one, as above and the rest have not been displayed in the same way

I very much appreciate you patience and efforts gucci. My issue is about knowing what fractal we are on. I'm aware of the concept of this method where by faster things build the slower thing that decreasing then increasing volume creates the gaussian V shape at X2X and we need increasing volume to confirm the P3 etc... I know these things. My issue is about knowing what fractal these things are happening on. And I still have not found any resolution as to why the 2R leg is still inside the trend lines that contain the B2B leg on the spydertrader snippet. I'm not laboring on the issue here regards each leg needing to have it's own container and how are we to know what fractal level (medium, thin, dashed, dotted etc..)we are on. Regarding containers: IE: an X2X's (of a B2B2R2B) is within its own container of thin black lines. Moving forward the 2Y (the 2R) is in it's own container and the final 2X (2B) is it's own container. This is what I understood to be a principle of this methodology. So you can understand why I don't understand why the 2R leg is not in it's own container on the Spydertrader snippet. And it needs to be in order to have the 3 (B2B2R2B) thin gaussian legs to make the medium B2B. I thought it was because we accelerated the Olive RTL (even though no LTL VE) because of increasing volume. If this is the case then why, having accelerated the RTL at 10:40, didn't have medium 2R at 10:45? Regarding knowing what fractal we are on: I can better explain this with your Dax charts. And thanks, I do see why you do and do not accelerate the RTL. The Blue Up Traverse: Your b2b (13:50-14:05) is within it's container (thin black lines) Your 2r (14:05-14:25) is in it's own down container (thin black lines) And your last 2b (14:25 -14:35) is in it's own container (thin black lines) These 3 containers build the Blue Travers. And indeed both your down Magenta traverses are built similarly with 3 things. However, referring to your B2B 15:55- 16:20. This is in it's own container of thin black lines. but you do not annotate the 2R for the down container in the thin black lines from 16:20 to 16:30. Nor a subsequent 2B in the up container of thin black lines from 16:30 to 16:35 Those 3 things do not build a travers for you even though there is a volume sequence. I do not understand why they do not build a travers here where as they do for the Blue Travers. I'm trying to understand how you know those 3 things from 15:55 do not build a travers by 16:35? This is what I mean by knowing what fractal we are on. You knew to extend you B2B2R2B from 15:55 to to 18:00 even though there had been a B2B2R2B volume cycle by 16:35. Thank you again and as per your reply, I have thought about this before posting. I can't explain the multitude of ways I've looked at things over the years. In spite of how much I do understand of the principles, I have always failed to know why, when using the same principles, they sometimes do not build the same thing. Kind regards.