Iterative Refinement

Quote from LittleMac:

Which of these channels is the better channel to KEEP on my chart.

I recommend spending some time and reviewing the fundamentals of the system you have attempted to trade. IF channels provide you difficulty, then focus on learning to draw channels. If Gaussian Logic escapes you, then learn to understand Gaussians. If Pennants and Laterals create cunfusion in your mind, then review the previously provided information in an effort to obtain clarity. Concerning oneself over trade signals without first mastering the fundamentals provides a recipe for failure.

Crawl. Walk. Run. Then, fly.

- Spydertrader
 
Crawl. Walk. Run. Then, fly.


I can attest to Spyders suggestions. Many times over the last year, I have had questions, and all of them have been previously answered in the journal.
"strangely" I didnt understand the answers provided. Why? because I didnt have the correct mental model to understand what was being said, or in what context it applied.

Once I started building the "sports memory" things started to click. l found many of my questions answered with understanding (those aha moments), and I started moving forward again.
After a year of EOD equities, I am still walking. I hope others milage DOES vary!
 
Quote from Spydertrader:

Your annotations have greatly improved over the last few weeks. Keep up the great work.

Thanks Spyder, but most of the credit for improvement belongs to the taskmaster Avi8 :p
 
This morning's continuation of yesterday's channel was very smooth, but I can't say the same for the afternoon.

BTW, are we missing a leg today? It did start off with 3 steadily decreasing volume bars, yes? or do I remember that pattern incorrectly?
:p

peace...
 

Attachments

ESH8 Daily Chart.

What must come next?
for Wednesday, March 12 / 2008 ...

Did not, So we expect the trend to change.


What must come next?
For Thursday, March 13 / 2008.


-ESDAILYCHARTMARCH1220081024x768.png
 
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