Iterative Refinement

Got short WX today at 20.26, then got out cause I'm constantly second guessing which I shouldn't be then I got back in at 20.10. Increasing red was the message I just wouldn't listen. Made .80 so far.

Comments welcome
 

Attachments

Quote from Avi 8:

Sure, and what followed? Another FBO. Look at the slope of this up 'move', gonna get a few FBOs on this one. Did we know in advance? What did the first 3 bars say?
More...

What I think I was anticipating after the FTT was decreasing red followed by increasing red at the RTL to confirm an BO, which we did not get. The FBO at my level calls for an exit. Now it appears we have a lateral formation heading into the lunch hour which is confusing me as to how to start the next channel or properly draw the guassians to match the channel. Thanks for the help, gotta get ready for work......
 
Quote from sscott:

...which is confusing me as to how to start the next channel or properly draw the guassians to match the channel......
More...
Perhaps you have just discovered where your journey needs to begin.
 
By the way Avi, thanks for the post on the bar by bar log for last friday. Great stuff for getting the right thought process. That will be my reading material today in the "pit"
 
Quote from sscott:

Now it appears we have a lateral formation heading into the lunch hour which is confusing me as to how to start the next channel or properly draw the guassians to match the channel. Thanks for the help, gotta get ready for work......
More...

See Attached. Carefully compare your chart to mine. 'See' any differences?

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1877915>
 

Attachments

Quote from Avi 8:
I am showing that bar as a pt2 only. So then WMCN would be a retrace to pt3 on dec red volume. Pt3 shows up in 'classic' form with huge blk volume, driving us to WMCN?
More...
I heard V1.
WMCN... rotate.

How about a VE on bar 16.
More...
Positive climb rate.
WMCN... retract gear.

NOW we can start looking for a FTT. How about bar 18? Just another VE. LTL bounce now?
Bar 19 could be a FTT, but we are in a lateral.
Bar 21 BO of lateral, so now sweep again for possible FTT.
More...
Level off at FL250... (it's only a VLJ)

;-)
 
Quote from sscott:

By the way Avi, thanks for the post on the bar by bar log for last friday...
More...
You are welcome.

Just a note, you must have a properly annotated chart to get the most out of that log.

May I suggest using the one guavaman posted as a proxy for mine.
 
You must log in or register to reply here.
Back
Top