Iterative Refinement

Quote from treeline:

I've been studying the 7-2-08 morning more closely to see how I might have traded it given my current level of understanding.
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The above viewpoint represents a 'gradient' outlook with respect to how one needs to 'see' the maket, rather than, a 'binary' mentality. In other words, one cannot trade what one cannot 'see.' Once a trader can see what must come next - on each and every bar (with respect to the sequences which unfold as the market moves from point One to Point Two to Point Three on every fractal); once a trader can see when the market has (on the trader's specific resolution level) when the market has indicated the time has come to look for a possible change in mode; once a trader has the ability to know the subtle differences which often determine the difference between continuation and change, then (and only then) has a trader gained the necessary knowledge, skills and experience to actually trade the signals provided by the market.

The market provides the answers, everyone seeks, first and foremost when the trader has correctly completed the Monitoring phase of the M-A-D-A Process. PointOne recently provided the perfect metric for determining if an individual has correctly completed the Monitoring phase of the M-A-D-A Process. Playing the 'hypotheticals' prior to correctly completing the Monitoring phase of the M-A-D-A Process serves no good purpose for the trader, and provides no real benefit to either IQ or EQ.

Focus on that which can help propel you forward.

- Spydertrader
 
Quote from Spydertrader:

Playing the 'hypotheticals' prior to correctly completing the Monitoring phase of the M-A-D-A Process serves no good purpose for the trader, and provides no real benefit to either IQ or EQ.

Focus on that which can help propel you forward.

- Spydertrader
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Thank you for steering me back in the right direction. I'm going to turn off the simulator and forget about "playing the hypotheticals" for another 20 sessions. That should only take me about 10 weeks, at which time I can add another 20 sessions if I still don't see the market in a binary fashion.
 
Quote from treeline:

That should only take me about 10 weeks.
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Print out a whole bunch of Charts with nothing on them - except Price and Volume. Grab some pens and a straight edge, and annotate away. Or, scroll back in time to whenever you like, and do the same task in a digital fashion. This should cut the time from 10 weeks to 10 hours. :)

- Spydertrader
 
This is the first one of the series. I plan to do 100 of them best I can. I will post the 100th one and hope to see much improvement. Any comments on how to improve would be appreciated.
 

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