Iterative Refinement
- Thread starter Spydertrader
- Start date
Thank you romanus. I know that you are using a tapes/trendlines/Gaussian (t/t/G) methodology in your annotations but I am not at that level and so we do not, at times, speak the same 'language'. I see what you are saying, using your dialect, but I don't know what having the P2 'outside' means.
I understand that a fftraverse can be part of a standard traverse but my point was that for the same collection of bars, you and ehorn had drawn a fftraverse, while guava, gooch and gregor had drawn a standard traverse and I was asking if you could explain why you thought the way you did.
The reality is that there should be no inconsistency between the result of the vocabulary dialect and the result of the t/t/G dialect when the result IS the correctly annotated chart for the day.
So how does one define what the correctly annotated chart for the day is? A simple way would be to say what it is that has been posted in terms of the standard traverse. So like yesterday you posted an incomplete 1,2,3 standard downtraverse whereas other folks had an incomplete downchannel. I'm sure there are other ways.
lj
.. if there is a complete sequence dom / non-dom / dom you have a traverse .. else you don't
.. sequences and signals are continuous, and all the fractals superimpose to form the PV action
.. each bar has its significance; if you don't get it when the bar is current, you should get it later; if you don't, your annotations and view are incorrect ... etc.
Quote from gucci:
Ljyoung, thank you for the post. Those discussions you mention would benefit a lot of people, were they easily accessable.
As far as demoralizing effect is concerned... What do you need washes for? Are you still predicting? If you are in the market on point 1 does it really matter whether the traverse you're riding a fft? Even if you are way off with your judgement and have to wash, why don't you reenter? Those were only questions not a challenge.
We all have different defintions of what 'predicting' is but using my definition, I really strive not to predict.
You make some valid points gucci. If you really are at a P1, then it is a no-brainer to just hold. But what if it isn't a P1 (a P1 would be a point of change). Well simple, you just wash.
I think one needs to distinguish between a wash drill and the "WTF do I do now that the market is moving away from me?" situation. The second situation calls for a reversal using IF1/2, IMO and not sitting and waiting and hoping that price will eventually come back to your entry point. Some people say you wait till that happens but Jack has said something to the effect that " ... you learn to wash quickly".
lj
This is a no-brainer, indeed.
The market can not move " away from YOU" - the market doesn't even know you exist... Did I already mention that? I like the question Jack praised as an important one.( Do you want to be right, or do you want to be rich?) The market can only move "against" you if you let it do so...
Quote from charts:
.. if there is a complete sequence dom / non-dom / dom you have a traverse .. else you don't
.. sequences and signals are continuous, and all the fractals superimpose to form the PV action
.. each bar has its significance; if you don't get it when the bar is current, you should get it later; if you don't, your annotations and view are incorrect ... etc.
Yes but in the example from yesterday some folks were saying channel while others were saying traverse, as I've outlined in the quoted post.
In so far as sequences, signals, bars and significance are concerned, if it were as easy as you construct it above, then there wouldn't be page after page of discussion on how to correctly identify sequences.
I'm not exactly sure what the "it" is that one does or doesn't "get". That's my point. Unless the thread comes up with a mechanism to settle on what the correctly-annotated chart for the day is, then we just continue in the 'Tower of Blabel' mode that we've been in for some time now.
I'm not criticizing you or anybody else but I really think we need to move beyond where we are right now. That is my suggestion and that's all that it is.
lj