Iterative Refinement

Quote from romanus:

  • ES 1155 eob IRV = continuation. Not so fast! YM 1154 eob decreased Volatility (range) on IRV = change. ES goes into retrace.
Cool!

romanus,
if ES signals continuation, why do you go to monitor YM? I thought that YM leads ES at points of change ?

TIA.

EDIT: Got it.. we were at the LTL.
 
Quote from gucci:

why do you go to monitor YM?
Because ES gave me permission to do so, therefore I have to and I must.

Quote from gucci:

I thought that YM leads ES at points of CHANGE ?
If YM shows change first, which then materializes on ES, doesn't it make sense to watch YM for signals of change any time ES gives you permission to do that?
 
Quote from romanus:

Because ES gave me permission to do so, therefore I have to and I must.

If YM shows change first, which then materializes on ES, doesn't it make sense to watch YM for signals of change any time ES gives you permission to do that?

Thanks.
 
Quote from Spydertrader:

morniges.gif
Thank you for the chart. Those large scale lateral channels tend to confuse the hell out of me, when they appear from time to time (with equal highs/or lows). Seeing that one can annotate them as a pt3 formation is a nice breakthrough for me.
 
Quote from Avi 8:

Ahh, the very rare, annotated, lateral channel!

Note how one can 'see' an "Up" Lateral (not annotated) and the "Down" Lateral within the same lateral channel.

- Spydertrader
 
Quote from Spydertrader:

Many, no doubt 'see' things not annotated on the previous chart. What is more important is what is annotated, but you do not 'see'.

- Spydertrader
:) I suspect you're referring to a rather large, gaussian peak R/\B which corresponds to the lateral channel.
 
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