Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Romanus,

 

when/how did you know to fan the blue up traverse? It looked like a completed sequence to me at 14:05.

 

--

thanks,

 

innersky

Whatever thinking went into drawing the trendlines and gaussians at that time was obviously invalidated by the market. It's quite possible that we both incorrectly identified the Point One.

Share this post


Link to post
Share on other sites
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

5aa70f22f0b82_tapeandtraverse.thumb.gif.92bb594dcc56f9130cce366195413de7.gif

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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"?? :confused:

Share this post


Link to post
Share on other sites
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"?? :confused:

 

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...

Share this post


Link to post
Share on other sites

Wednesday, September 9, 2009

Thursday, September 10, 2009

Friday, September 11, 2009

 

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. :)

5aa70f23429b1_Sep92009A.thumb.PNG.973bfe7b144a78b8af5a92386514b15a.PNG

5aa70f23488ed_Sep102009A.thumb.PNG.62a1a4419404bb71eff49eef2740cb03.PNG

5aa70f234eacc_Sep112009A.thumb.PNG.9829eba5036bed5b5a09276770e8c71c.PNG

Share this post


Link to post
Share on other sites
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"?? :confused:
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.

Share this post


Link to post
Share on other sites
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.
NYCMB's recent inquiry to ehorn attracted my attention because he posted that chart validated by Spydertrader. You expressed your doubt too, so I thought to reset the discussion to a calibration point. I have no intention to increase anybody's frustration.

Share this post


Link to post
Share on other sites
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"?? :confused:

 

 

let me be the devil...

 

PLEASE explain how on earth the blue trendline could NOT be considered a "tape" and the green trendline a "traverse"?? :confused:

Share this post


Link to post
Share on other sites
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.

 

I can appreciate your question and enjoy it because it makes me think. So keeping it simple (and considering that critical component of M is still being refined) then I will humbly submit my analysis (just based on PT2 analysis only):

 

If THIS was a Traverse (which completed Friday morning) then the down traverse which is being built requires a PT2 outside of the previous up traverse. We did not get that on Friday. Now If the preceding link is in fact a channel, then it is quite possible that what was constructed on Friday was Pt1, 2 and 3 of a down traverse.

 

Frankly, I may very well be stuck in SLOW MOTION coming off of the summer pace here. But my PFC is established and I will continue on with the MADA asking WMCN as each bar forms.

Share this post


Link to post
Share on other sites

Addressing dkm's question, in the chart in question, there are clearly faster fractals than what is being called a tape here, and those faster fractals meet the definition of tape provided earlier by Spydertrader.

 

Thus it appears that "tape" is being used as a label for more than one level, so that "tapes" at the fastest level (on the basis of 2 bars, as in Spydertrader's original example) can construct larger tapes, not only traverses.

 

Perhaps someone could clarify this point?

Share this post


Link to post
Share on other sites

A very wise man has said; "To get from square one to operational takes time and patience."

 

tapes? traverses? channels? These are all constructs for use in becoming operational...

 

Increasing, Decreasing, Continuing or Changing... and WMCN...

 

We perform the routine so that we may develop and refine our ability to become operational. Spydertrader has provided us all the tools needed to do this and through effort and experience we become more effective and efficient.

 

When emotions override logic step back and take a break. The market is the same yesterday, today and tomorrow.

 

Developing the routine and learning to learn is what the journey entails.

 

But enjoy the journey. It is meant to be enjoyed.

Share this post


Link to post
Share on other sites
let me be the devil...

 

PLEASE explain how on earth the blue trendline could NOT be considered a "tape" and the green trendline a "traverse"?? :confused:

 

Modified chart below....

 

"Accurately drawn trend lines in a chart Price Pane represent ‘containers’ of trend on the three trading fractals. We represent the fastest trading fractal using skinny lines (described as ‘tapes’) which, in turn, build the next slower fractal (represented by ‘medium’ weight lines) – known as a Traverse. These Medium fast trends (Traverses) build the slowest fractal (thick line weight) known as a ‘channel.’"...Spyder

 

It appears now that some are using "skinny tapes" to form "fat tapes" and "fat tapes" to form "even fatter tapes" etc etc. It is no wonder that many here are utterly confused with the terminology.

5aa70f2437c73_tapeandtraverse2.thumb.GIF.b50c31bc43449261923fc6c021be7bdc.GIF

Edited by dkm

Share this post


Link to post
Share on other sites
Modified chart below....

 

"Accurately drawn trend lines in a chart Price Pane represent ‘containers’ of trend on the three trading fractals. We represent the fastest trading fractal using skinny lines (described as ‘tapes’) which, in turn, build the next slower fractal (represented by ‘medium’ weight lines) – known as a Traverse. These Medium fast trends (Traverses) build the slowest fractal (thick line weight) known as a ‘channel.’"...Spyder

 

It appears now that some are using "skinny tapes" to form "fat tapes" and "fat tapes" to form "even fatter tapes" etc etc. It is no wonder that many here are utterly confused with the terminology.

 

IMHO Taverses are ALWAYS made from Tapes, but not all tapes make a Traverese. In order for a tape to make a traverse, it must consist of at lease 5 bars and three tapes, one tape of accelleration, one of decelleration, followed by one of accelleration, forming points 1,2 and 3 of the traverse. And from my notes from NYC, one bar of decelleration does not equal decelleration. If anybody has anything to add, please do.

Share this post


Link to post
Share on other sites

From Spydertrader's post #233:

While certainly, additional trading fractals (beyond skinny, medium and thick)
do
exist, they reside not 'in between' skinny and medium, but rather, below (or faster than) a skinny line.

 

As a result, we
rarely
see them. However, when we
do
see these faster (than skinny line) fractals, they operate in the
exact same
fashion as all other fractals (skinny, medium and thick) which we see each and every day.

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • MA Mastercard stock, nice close and bull flag breakout at https://stockconsultant.com/?MA
    • Of course, I had to ask what he thought about AI.   Because if you can make an entire film on a laptop in your bedroom, do we even need Hollywood anymore?   Will’s answer: Yes, AI will take jobs. (Production, sets, background extras, you name it.)   Yes, it will make movies cheaper.   But no, it won’t replace human storytelling.   Because AI doesn’t know why you care.   It can generate dialogue, sure. But can it make you feel? Can it tell the definitive story of your life?   (Well, unless you’re a robot, in which case… congratulations on reading this far.)   Confidence Is a Muscle—Here’s How to Build It   Will brought up something crucial.   Most people wait until they feel confident.   That’s a mistake.   Confidence comes after action.   Not before.   So how do you build it?   Manufacture wins—Set tiny goals. Don’t climb the whole mountain. Just put on your hiking boots. Control your input—Stop giving away your power. Just because someone in authority tells you no, doesn’t mean you stop. Hack your own brain—Every morning, tell yourself what you need to hear. And just like that, you’re training your mind the way an athlete trains their body. By James A.  Profits from free accurate cryptos signals: https://www.predictmag.com/ 
    • Herbert Wigwe's extended family and the kids he left behind are on a warpath.   The war started immediately. Herbert, the benefactor of the warring parties, was buried last year.   What is at the heart of the war is the vast wealth that Herbert left behind.   What are the issues behind the fight between the two parties, and what are the lessons we can learn from the infighting between the two parties?   It is story time.   1) In 2013, Herbert drafted his will and deposited it with a court in the US.   The will was later reviewed in 2015, 9 years before his actual death.   But he did more than a will.   2) A family office called Tengen Family Office was set up in 2017.   What the finance professionals that work for the family office Tengen Family do is simple.   To manage the wealth of the founders of Tengen: Aigboje Aig-Imoukhuede and Herbert Wigwe.   Aigboje Aig-Imoukhuede is the chairman of Access Bank and the co-founder of Access Bank.   AIG and Herbert founded Access Bank together.   Speaking of Aigboje Aig-Imoukhuede, Herbert made him a trustee of the will he drafted in 2013 because he trusted his friend, brother and business partner to manage and protect his interest when he is no more   And AIG has been doing that since Herbert died.   But the conflict is more than AIG and being an enforcer of Herbert will   3) Before he died, Herbert was a wealthy man, a billionaire in naira and a millionaire in dollars.   He was the largest individual shareholder of Access Bank with a 9% shareholding of the bank.   His shares in the bank are worth 125 billion.   To buttress the kind of wealth that Herbert left behind   After his death, his estate received 1.1 billion in dividends last year for the 2024 dividend from Access Bank that would have gone to Herbert if he were to be alive, but the money will now go to Tochi and her younger siblings, and this payment will continue to the estate as long as Access Bank is in existence and profitable.   But he was wealthier than this.   He owns a vast real estate portfolio scattered all over the country.   He also owns the popular Wigwe University.   He built a palatial mansion at Queen Drive, Ikoyi, a palatial house that Herbert did not get to enjoy before he died.   He also owns substantial dollar savings running into millions of dollars in his dollar domiciliary account.   He also owns a private jet as well.   For a man who was this wealthy, he was intentional about his family and their welfare in the event of his passing.   5) In the will that he wrote in 2013, which was reviewed in 2015, he was very clear with what he wanted.   In the event of his death, his wealth should be managed by his estate and the family office, and the profit from the investment should be enjoyed solely by his kids alone.   Not his father, mother, or siblings.   His kids alone and he was clear with this instruction   When the family office was set up in 2017 to manage his wealth and that of his business partner AIG   The same instructions were left by Herbert to the manager of his wealth.   6) In his lifetime, Herbert had a cousin who is a lawyer, Uche Wigwe, and because Uche enjoys his confidence and trust, he made Uche and AIG, his business partner, the trustee of his will.   7) Herbert died last year; he did not see his death coming and was not ready for it.   But he was prepared.   Herbert was a meticulous man in his lifetime and so had a will and a family office to protect his kids regardless of their age and gender.   It is irrelevant that the only remaining heir is a female.   As long as she is Herbert’s kid, acknowledged by him in his lifetime, she is entitled to enjoy the wealth made by her dad.   8. After his interment last year at Isiokpo, his extended family had a brainwave.   Since Herbert, our benefactor, is no more, we can’t allow the kids to enjoy this vast wealth alone.   They're too young to enjoy such a vast wealth, and besides, the oldest of the surviving kids is a 26-year-old, Tochi.   Tochi is a woman, and in their thinking, too young to control what his late dad left behind. The rest of Tochi‘s surviving siblings are younger than her and they are in secondary schools.   The Herbert Wigwe family is accusing Tochi of living a champagne life, which they believe she is too young to enjoy.   Tochi is living alone with the house servants in the palatial mansion on Queen Drive, Ikoyi, that her dad built, which he did not enjoy before he died.   They also accused her of flying private jets and using the private jet that the dad left behind for her local travel.   To regulate this extravagance and more, they are demanding 20% ownership of the estate (wealth) left behind by their late son.   They also demand joint custody of the kids under the supervision of their 90-year-old dad.   9) When the family could not prevail on AIG and Uche Wigwe, the two trustees that are managing Herbert's wealth, to dance to their tune, the case proceeded to the Lagos High Court last year.   Just last week, the case was thrown out by the court for lack of merit.   To the shock of many following the drama, the Wigwe family went to Appeal court to appeal this verdict by Lagos high court.   10) The biggest lesson to take home from this Wigwe soap opera is simple.   Nobody knows when death will come, but as a rich man or woman living in Nigeria, put a proper structure in place to protect your family from the greed of your family who wants to reap where they did not sow.   Write a will.   Establish a family office to manage your wealth.   Appoint trustworthy people you trust as trustees and enforcers of your will.   This is the debt and the duty you owe your kids.   And this is what Herbert has taught us and is the best exemplifier of this. – Attributed Profits from free accurate cryptos signals: https://www.predictmag.com/   
    • The following 10 year backtest was generated by my custom trade-stacking EA dedicated to the GBPJPY forex pair. It stacks profitable trades of different lot sizes, so this MT5 EA can be used in both hedging and netting accounts. As the EA stacks winners, and not losers, the floating profit (green line) floats above the equity (blue line) which indicates low drawdown. This strategy requires starting capital of 500,000 USD for an account that allows standard, mini, and micro lots; or 50,000 USD for an account that allows standard, mini, micro, and cent (nano) lots. The full backtest report is available if you request it. I programmed this EA for a commercial trader who could not get enough capital to use it, so I'm selling licensed versions of it. The MQL5 Market has, for the most part, been banned from doing business in the U.S. so this EA is not posted there. Just shoot me a message if you're interested.
    • BAC Bank Of America stock watch, pullback to the 44.05 gap support area with bullish indicators at https://stockconsultant.com/?BAC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.