Iterative Refinement

[ivob]

Hi,

In this case price closed within the previous bar...Lateral movement.

regards,
Ivo

Quote from ehorn:

Not that you are saying differently, but, I think it is always important to consider MADA on EVERY bar. We do anticipate WMCN, but we need to monitor and analyze consistently and constantly. Consider the notes on my attachment. as an example.

In my humble opinion, We expect sequences to develop and study to know them, but we can not be lulled into rule-sets thinking when monitoring continue/change.

 

[romanus]

In my humble opinion the answer to the wholes issue of why pt3 never came after 1545 [close of] bar and whether or not increasing black volume eliminates the possibility of pt3 down, lies with YM. 1546 [close of] exits down channel on increasing black volume after an FTT. Therefore YM dominant direction is black now, and since ES follows YM we expect the retrace to become reversal just like it did on YM.

 

[Spydertrader]

Hopefully, everyone found yesterday's discussion helpful.

I have another observation some might find useful ....

Which do you feel represents a better use of one's time?

Debating the answer with gucci, or looking to the charts to see if the market agrees with the answer?

Note well, my recommendation for locating the answer, and the fact, that even after repeating the advice provided, the same question appeared - once again.

- Spydertrader

 

[sscott]

Quote from Spydertrader:

Hopefully, everyone found yesterday's discussion helpful.

I have another observation some might find useful ....

Which do you feel represents a better use of one's time?

Debating the answer with gucci, or looking to the charts to see if the market agrees with the answer?

Note well, my recommendation for locating the answer, and the fact, that even after repeating the advice provided, the same question appeared - once again.

- Spydertrader

IMHO the market provides the answer..........ALWAYS!!!!!

 

[sscott]

Quote from sscott:

IMHO the market provides the answer..........ALWAYS!!!!!

(except when I get to the point where I don't know WTF is going on)

 

[romanus]

While the charts tell me that pt2 to pt3 on increased non dominant volume is possible, this is not what we expect from the sequence of dominos after an FTT. And WMCN is anything but increased non dominant volume. Is this accurately describes the meaning of this response?
http://www.elitetrader.com/vb/showthread.php?s=&postid=1928537#post1928537

Quote from dkm:

It tells me I am going from pt2 to p3

Quote from Spydertrader:

Really?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1928537>

 

[Spydertrader]

Before anyone decides to post the question ....

When looking at the ES 5 minute chart today, we see the following ...

(All times Eastern and close of bar)

10:50 - Change
10:55 - Continuation
11:00 - Change
11:05 - Change
11:10 - Change

At the times listed above, what did the YM say?

Therefore, what action was required?

- Spydertrader

P.S. Also, why does the ES provide the signals listed?

 

[romanus]

Quote from Spydertrader:

At the times listed above, what did the YM say?

YM:

10:50 - increasing red = continuation
10:54 - increasing red = continuation
11:00 - SYM FBO = continuation (because of FBO direction)
11:04 - IBGS = change
11:10 - lateral movement = continuation

Quote from Spydertrader:

Therefore, what action was required?

Hold short

 

[gravitonium77]

Quote from Spydertrader:

Before anyone decides to post the question ....

When looking at the ES 5 minute chart today, we see the following ...

(All times Eastern and close of bar)

10:50 - Change
10:55 - Continuation
11:00 - Change
11:05 - Change
11:10 - Change

At the times listed above, what did the YM say?

Therefore, what action was required?

- Spydertrader

P.S. Also, why does the ES provide the signals listed?

10:50 ES change but YM IRV so HOLD short
10:55 ES continu so that is sufficient
11:00 ES change (LM) but YM in LF/IRV so not sufficient, Hold short
11:05 ES change (LM) but YM also in LM so not sufficient, Hold short
11:10 ES change(LM) but YM also in LM so not sufficient, HOld short

 

[romanus]

Quote from Spydertrader:

When looking at the ES 5 minute chart today, we see the following ...

(All times Eastern and close of bar)

10:50 - Change
10:55 - Continuation
11:00 - Change
11:05 - Change
11:10 - Change

On my chart 11:00 through 11:10 [close of] bars all close within the previous bar range, indicating lateral movement = continuation. I am missing something fundamental