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Iterative Refinement
- Thread starter Spydertrader
- Start date
The market provided crystal clear signals this morning. For those trading on the 'Tree' Resolution Level (Traverses), the market signaled change short at Bar 4, and it signaled Change Long at Bar 8.
These are the only signals thus far (9:30 AM to 11:00 AM) for this specific trading fractal.
For those trading at 'Tree Level' (once again, this means the 'traverses'), if your charts do not mirror the attached exactly, then you have missed a critical component. If you decide you 'see' things differently, then I recommend a review of your annotation technique. Guess what that means? (See Monitoring Section of M-A-D-A Process).
Again, the attached chart does not represent my opinion or "the way I 'see' the market." The attached chart represents the viewpoint of the market.
Lastly, at the point in time when I created this screen capture, the market signaled its intention to head in one direction only. In other words, "What Must come next?" had but one single answer, and the trader should have known it in advance.
If you cannot conceive of a Universe, where the above statement exists, then you have missed a critical component of the Monitoring process. If you cannot 'see' how such a statement can be made, then you have missed a critical component of the Monitoring process. If you did not know the direction of the market in advance, in this specific example, then you have missed a critical component of the Monitoring process.
I trust everyone can evaluate where they need to apply focus after reading my words and viewing the attached chart. Should anyone require additional clarity on the subject, feel free to let me know.
HTH.
- Spydertrader
Edit: All times Eastern and [close of] Bar
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1995057>
These are the only signals thus far (9:30 AM to 11:00 AM) for this specific trading fractal.
For those trading at 'Tree Level' (once again, this means the 'traverses'), if your charts do not mirror the attached exactly, then you have missed a critical component. If you decide you 'see' things differently, then I recommend a review of your annotation technique. Guess what that means? (See Monitoring Section of M-A-D-A Process).
Again, the attached chart does not represent my opinion or "the way I 'see' the market." The attached chart represents the viewpoint of the market.
Lastly, at the point in time when I created this screen capture, the market signaled its intention to head in one direction only. In other words, "What Must come next?" had but one single answer, and the trader should have known it in advance.
If you cannot conceive of a Universe, where the above statement exists, then you have missed a critical component of the Monitoring process. If you cannot 'see' how such a statement can be made, then you have missed a critical component of the Monitoring process. If you did not know the direction of the market in advance, in this specific example, then you have missed a critical component of the Monitoring process.
I trust everyone can evaluate where they need to apply focus after reading my words and viewing the attached chart. Should anyone require additional clarity on the subject, feel free to let me know.
HTH.
- Spydertrader
Edit: All times Eastern and [close of] Bar
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1995057>
Attachments
Quote from Spydertrader:
Pull up a Copy of The Jokari Window, and you should 'see' the answer in the bottom right corner.
- Spydertrader
This sequence appears to be a carbon copy of the 1:05 [closing time] bar on 7-7-08 where you suggested a hold was appropriate. I am looking for context differences but dont see any.
Also, is this not lateral movement? All subsequent bars closing inside the 10:05 [closing time] bar?
If you pull up all lateral movements annotated by Spydertrader you will notice that all bars inside an annotated area have closes inside the boundaries of the previous bar. It is not the case with 1015, 1020 1025, 1035 etc., all eob.Quote from Jander:
Also, is this not lateral movement? All subsequent bars closing inside the 10:05 [closing time] bar?
Quote from romanus:
7-7-08 it was a pt1 to pt2 in a down traverse of the down channel. So the next part in the sequence is pt3 to FTT, hense is the hold.
EDIT .. I see what you are saying.. but, pt 3 had already been established for the down traverse
Quote from romanus:
If you pull up all lateral movements annotated by Spydertrader you will notice that all bars inside an annotated area have closes inside the boundaries of the previous bar. It is not the case with 1015, 1020 1025, 1035 etc., all eob.
Incorrect
Sorry, I was looking at the wrong bar. 1:05 [closing time] bar on 7-7-08 ends dominant traverse of the dominant traverse of the down channel. pt1 1215 eob, pt3 1255 eob is a traverse of the channel pt1 1135 eob, pt3 1210 eob. The pt1 1135 eob, pt3 1210 eob channel is a traverse of the pink (or fuchsia?) down channel with pt1 on 1005 eob and pt3 1045 eob. So, then 1:05 [closing time] bar on 7-7-08 ends dominant traverse, what must come next is a non-dom traverse to complete the pt1 1135 eob, pt3 1210 eob channel.Quote from Jander:
EDIT .. I see what you are saying.. but, pt 3 had already been established for the down traverse
Attachments
You are right.Quote from Jander:
Incorrect
But:
Laterals can form retraces, traverses and channels. When laterals do not form any of these three things, they have no other meaning.
Thanks for taking the time. I am not quite seeing your point yet, I am going to try and wrap my head around it.
Regarding the lateral discussion, perhaps I am using the wrong term. I am not 100% on the difference between lateral movement/formation, but I do know that one of them does not require the close to be within the previous bar's range, only the first bar's range
Regarding the lateral discussion, perhaps I am using the wrong term. I am not 100% on the difference between lateral movement/formation, but I do know that one of them does not require the close to be within the previous bar's range, only the first bar's range