Iterative Refinement

Quote from Spydertrader:

..Understand this. I provided nothing new in the last seven months of posts. ...

- Spydertrader
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it's true, if I don't see an answer fast enough I wil go back to the main future thread. It will be there somewhere.:)
 
Quote from nkhoi:
it's true, if I don't see an answer fast enough I wil go back to the main future thread. It will be there somewhere.:)
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... and, most of what people needed are in January and February.



ok, I forgotten the Journal actually started in the last week of December.

;-)
 
Quote from Jander:
This makes sense for the first bar in question (12:10). However, on Spyder's chart he has a pt3 annotated for the dominant traverse at 12:20. There still seems to be no answer to why the other two bars mentioned (12:25 and 12:45) CANNOT be FTTs. I figure he mentioned those specifically for a reason, just cant seem to find it.
These types of issues have been cropping up lately and I really havent seen anyone that has it down pat. I have seen quite a few posters that I respect and that have worked hard at this for years struggle with this very problem. I would really appreciate an answer to the proposed question rather than some rhetorical "what is volume telling you" or " do 100 charts and you will see it " type thing. In my opinion, there is a ruleset that has not been introduced or that has been misinterpreted by a large group of folks here. A clear answer here would enable beneficial drilling to happen and I, and countless others Im sure, would be extremely grateful.
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Maybe we can do one exercise together ("we" means anybody and everybody can/should chime in).

Looking at the price bars, can you list out what do you see? This is the first step in M; please list out everything... whether you think the information is relevant or not.

After we have completed "M", we can proceed to "A".
If we failed M here... we would not be going anywhere.


p.s. Please be patient; after you have made your list, give it some thoughts, then go back to the chart and look again. You might discover more observations. I expect it will take at least one day to list out all the observations. i.e. you might not find my response for at least one day.
 
Quote from Tums:

Maybe we can do one exercise together ("we" means anybody and everybody can/should chime in).
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Good idea Tums, let's all chime in and get to grips with the basics:D
 
Quote from Spydertrader:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1998307>
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Just as I thought I'd grasped the difference between tapes and traverses I stumbled upon this chart. Why is the first tape on this chart annotated as a traverse?

PS: Great idea, Tums!
 
Quote from Spydertrader:

It isn't.

- Spydertrader
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Spydetrader, what exactly do you mean:

1. it isn't a traverse, or
2. it isn't annotated as a traverse?

Thank you.

Sorry for my English.
 
Quote from gucci:
...I got confused ... trying to differentiate between tapes and traverses...

Quote from Tums:
Can you give a definition of the following:
1. Tape
2. Traverse

Quote from gucci:
Got it. :D Thanks to all contributions. The answer really lied in front of my tired and lazy eyes. :) There will be a lot of paper flying around in my room this weekend with lines on it resembling proper and thorough annotations.:p
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It's time to get a piece of paper and draw out the different variations of tapes and traverses.
 
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