Iterative Refinement

Spydertrader,

provided a trader operates in a flawless environment (due to his or her proficiency), how many wash trades (small losses or brake even trades) are percentagewise "normal" or "expectable". I guess it depends on the market behaviour, but can you give an estimation? What is your experience? What importance do WTFs (what wasn`t thats) have at your level of experience?

Thanks.
 
Quote from gucci:

...how many wash trades...

... percentagewise "normal" or "expectable"...
More...
Sounds like the 'A'ction step to me.

Are you really on the last step?
 
Quote from Avi 8:

Sounds like the 'A'ction step to me.

Are you really on the last step?
More...

Avi you are right, but

how can one know whether one should be on the last step? Each WWT drives me to doubt my first 'A', hence the question.
 
Quote from gucci:
Avi you are right, but
how can one know whether one should be on the last step? Each WWT drives me to doubt my first 'A', hence the question.
More...

Read your above reply again... your answer is there.

;-)
 
Quote from Spydertrader:

The YM cycles 2.5 times as fast as the ES. As a result, if one wishes to stay on the same resolution level throughout the entire trading day, one needs to only take signals for change which develop on the same resolution level.

In other words, If the YM signals change in the direction of a non-dominant retrace of a non-dominant traverse on the ES, a beginning level trader needs to know if the time has come to seek a signal for change (or not) on the current resolution level.

Inside a Lateral, beginner level traders do not trade. Instead, beginner level traders anticipate the break out of the Lateral.

- Spydertrader
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Thank you very much. Gotta let this one digest a bit, but I have a gut feeling that something really valuable will precipatate out of this.
 
Quote from Tums:

Read your above reply again... your answer is there.

;-)
More...

I can come up with two possibilities:

1. There won't be any WWT in a flawless environment

2. They (WWT) won't cause any doubts

Which one?

:confused:
 
Quote from gucci:
I can come up with two possibilities:
1. There won't be any WWT in a flawless environment
2. They (WWT) won't cause any doubts
Which one?
:confused:
More...

Maybe the WWT wasn't a WWT ?

i.e. more work is needed at M and A ?
 
Quote from Avi 8:

How about a third possibility?

It is in your reply's 'question'.
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Thanks Avi, I'll try to figure it out... I hope I'm on the right track with my thinking. I guess there really can be a problem with my first 'A'
 
  • ES 1135 eob LM DRV = change? Not so fast! YM 1134 eob IRV = continuation. ES continues lower.
  • ES 1140 eob LM DRV = change? Not so fast! YM 1138 eob IRV = continuation. ES continues lower.
  • ES 1150 eob IBGS DRV = change. Not so fast! YM 1148 eob IRV = continuation. ES continues lower.
  • ES 1155 eob IRV = continuation. Not so fast! YM 1154 eob decreased Volatility (range) on IRV = change. ES goes into retrace.
Cool!
 
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