Iterative Refinement

Hey, the drills are interesting, and appreciated. Too bad for me; it will be a while before I can spend more time here, so I am trying to avoid reading the answers as I plan to do them all later. LOL

Keep up the great work!!
 
WMCN

Discussions of Analysis

*Skill improvement drill # 1.3



This is the third bar in the series of WMCN.
If everyone would like, I can post a bar Sunday through Friday and leave Saturday open, so the six bars posted during the week can be discussed.
There are 18 bars so that will give three weeks for annotating, review, and discussion.

On the charting software I am using for replay the bars are colored HH and HL = Black. LL and LH = Red- regardless of close, inside bars are white. Outside bars can be colored different so they do not pick up black or red. I will color them different starting Wednesday.
Thanks R/R, I did not see that.
I had just added the bar color by on Sunday, so that is new on the playback software.

Here is the Video link for
WMCN skill improvement # 1.3

http://www.screencast.com/t/s5u38LEClc


Attached below is the ES and YM screenshot.
 

Attachments

Quote from Padawan:

Looks like I should edit the WMCN drill and change the YM FTT to a Pt2. What do you think?
More...

With the caveate that I'm still a newbie at this, my understanding is that (in your YM chart) the point in question is both an FTT (of a finer resolution level) AND a potential pt2 of an as yet unformed pt3 channel.

My working hypothosis is that the more coarse resolution annotation would be weighted with more import (if one were trading on a coarse level as I hope to soon).
 
Beginner methology
Bought ASIA at 11 am for $11.45 as du and MACD and Stochastics have been met.

Just for EOD comparison method $11.63 was the price for the EOD method as FRV was met at the end of the day.
 
Quote from TIKITRADER:

WMCN

Discussions of Analysis

*Skill improvement drill # 1.3

This is the third bar in the series of WMCN.
If everyone would like, I can post a bar Sunday through Friday and leave Saturday open, so the six bars posted during the week can be discussed.
There are 18 bars so that will give three weeks for annotating, review, and discussion.
More...
Sounds good - and thanks again for your efforts to organize this very helpful exercise.

In this snapshot drill, the YM is showing a pattern very similar to the one I posted the other day...

http://www.elitetrader.com/vb/attachment.php?s=&postid=1860860

At least through bar 8 on the pattern - so I guess I get to see how it holds up :)
 

Attachments

Long SFLY and STAR. Got long in SFLY in the morning and STAR in the afternoon. We'll see how they play out. Both had increasing black volume today on the daily.
 

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Quote from gravitonium77:

Any comments appreciated, particularly regarding the note on the chart.
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gravitonium77,

The bar you labeled an FTT was an IBGS on lower volume that did in fact fail to reach the LTL. So I believe it was reasonable to label as such. But the job doesn't end there. We have to constantly, incessantly, religiously and obsessively :D monitor WMCN.

In this case, to confirm that the bar you labeled an FTT is in fact an FTT WMCN? Decreasing Volume to the RTL. Since that did not develop and instead Price opened on the next bar and went straight up on increasing volume; WMCN (decreasing red volume to RTL) didn't and it was time to reverse long at the moment you realized this.

Also, although I haven't researched what the YM was saying at this time, the bar after the one labeled FTT formed an inside bar for a time which gave you permission to reference the YM for signals.

Nice work so far.
 
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