Iterative Refinement

[dkm]

Here are my monitoring notes and chart for this morning. This is a good example of why I am getting confused about the relationship between tapes, traverses and channels.

I see a long tape from 09:55 to 10:00, followed by a short tape from 10:05 to 10:25. Since tapes make traverses, I assume that this must be tape 1 and tape 2 of a traverse. I see pt3 form at 10:25 and think right, we are starting tape 3. But, along comes an ftp at 10:35 and widens the tape into what must be considered a traverse. What I thought was a traverse, now becomes a channel. So, it would appear that the first traverse of our channel (from 09:55 to 10:05) was a tape.

 

[dkm]

monitoring notes

 

[Tums]

Quote from gravitonium77:

DKM has been at this, it appears, many years. Yet he still isn't seeing what he needs to see. I feel like I'm blind and deaf out in the wilderness. I do ask questions, but it seems that they have no answers. Just a few days ago I inquired about the prior discussion on understanding when/why the jokari window appears to fail sometimes. No followup on that at all, that I recall.

I could ask a question about yesterdays chart (sorry NT just crashed as I'm writing so I'll describe sccenario). Early in the day there were two pairs of bars back to back. FIrst bar inc dom vol, followed by dec dom vol with LM. In first case no signal. In second case, signal. I stared at that chart for the better part of the whole night, looking for some hint or clue between those two situations. Over the the thousand or so hours of reviewing the journals I have found many statements which seem to conflict (I sighted two in my prior post). Without being able to correlate what's in the journals with what's going on in current charts, it seems rather pointless to do all that studying.

There is an old saw about practice makes perfect. Never before has such an inaccurate statement been made. PERFECT practice makes perfect. Without any instructions whatsoever, somehow magically, we are supposed to have an aha moment and all is revealed.

In all of my primary and secondary education, as well as in my own teaching as an extension instructor, no class or subject has been passed on with this technique of making the student guess. Perhaps trading is the one, single subject in all the universe that is different. I don't know.

Of course, SPydertrader has the right to do as he pleases. I can't imagine that he'd put this much time and effort and energy into something he wasn't sincere about. I just find it mind boggling that no further description can be provided of what it is we are to be looking for or experiencing.

http://www.elitetrader.com/vb/showthread.php?s=&postid=1942979&highlight=mada#post1942979

MADA post from last November:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1676936&highlight=mada#post1676936



(p.s. we all drink from the same cup.)

 

[Mr_Black]

P3 forest

 

[Mr_Black]

Ym ES

 

[Spydertrader]

Quote from dkm:

I see a long tape from 09:55 to 10:00, followed by a short tape from 10:05 to 10:25. Since tapes make traverses, I assume that this must be tape 1 and tape 2 of a traverse.

The formation of a Traverse requires a minimum number of directional changes. However, no maximum number of directional changes exist. In other words, what does a three tape traverse have in common with a Traverse which formed from seven tapes (or any other number of tapes for that matter) as did this morning's traverse?

In addition your annotations with respect to the IBGS clearly are not in error. However, you now know these signals for change resulted prior to the formation of your Traverse(s), and therefore, are not on your trading fractal.

Something must tell you to ignore the signal for change not on your trading fractal. All one need do is locate that information. One loates it in the 'M' Phase of the M-A-D-A process.

- Spydertrader

 

[bi9foot]

Quote from bi9foot:

VISN broke out of the Lateral Movement as anticipated on increasing black volume giving a continuation signal.

VISN is showing decreasing PRV today. Exited for 10% gain.

Edit: Took a long position in SOLF. Will post chart EOD.

 

[romanus]

Quote from dkm:

Here are my monitoring notes and chart for this morning. This is a good example of why I am getting confused about the relationship between tapes, traverses and channels.

I searched Spydertrader's posts for key words 'traverse' OR 'traverses'. Especially more recent posts (past few months) contain a wealth of information and explanations, which I found to be extremely helpful.

Quote from dkm:

... followed by a short tape from 10:05 to 10:25.

See if you can annotate pt3 formation there with pt1 on 1005 eob, pt2 on 1010 eob and pt3 on 1020 eob.

Quote from dkm:

Since tapes make traverses, I assume that this must be tape 1 and <strike>tape 2</strike> pt3 formation of a <strike>traverse</strike> CHANNEL. I see pt3 form at 10:25 and think right, we are starting tape 3. But, along comes an ftp at 10:35 and widens the tape into what must be considered a traverse. What I thought was a traverse, now becomes a channel. So, it would appear that the first traverse of our channel (from 09:55 to 10:05) was a tape.

So now we have a channel where non-dominant traverse is a pt3 formation. Next stop dominant traverse to take price back to LTL. And we know that this dominant traverse has to be a pt3 formation as well.

 

[gucci]

Quote from romanus:

Romanus, I'm not sure, but aren't you jumping fractals with your suggestion to regard a channel as being confirmed only with tapes? Why do we have to call something a channel instead of waiting untill the market completes forming a channel (i.e. waiting for a forest to build itself)? This is only a question.

 

[romanus]

Quote from gucci:

Romanus, I'm not sure, but aren't you jumping fractals with your suggestion to regard a channel as being confirmed only with tapes? Why do we have to call something a channel instead of waiting untill the market completes forming a channel (i.e. waiting for a forest to build itself)? This is only a question.

We may have different definition of what channel is, which may at times be confusing, since terms 'channel' and 'traverse' has been used interchangeably. Personally, I called it a channel because its second non-dom traverse is a pt3 formation ( with incr. red volume after pt3)