Iterative Refinement

[romanus]

Applying similar logic to the great mystery of 7/29/08 1150 eob hold.

 

[romanus]

Quote from romanus:

I am trying to apply some logic here:
At 1025 eob we were still moving from pt1 to pt2.
No change signal before going into the lateral.
Because of how 1220 eob lateral BO developed the current trend did not change D yes Guava, it works both ways, sorry for doubting you).
So we went into the second lateral while still moving from pt1 to pt2.
BO of the second lateral failed to show more increased volume, so we're still moving from pt1 to pt2 because trend did not change - continuation up.

Quote from romanus:
Attachment: es 09-08 8_8_2008 (am - early pm).png

Quote from romanus:

Applying similar logic to the great mystery of 7/29/08 1150 eob hold.

Attachment: es 09-08 7_29_2008 (1150 eob hold).png

Is any of this even remotely on track?
Any feedback is much appreciated.

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2023284>

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2023286>

 

[tobbe]

 

[Spydertrader]

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2023288>

 

[TIKITRADER]

ES 5 minute August 8 2008

 

[Spydertrader]

FYI: One Signal to reverse short the entire day.

- Spydertrader

 

[ticktrade]

Quote from Spydertrader:

FYI: One Signal to reverse short the entire day.

- Spydertrader

Since you said nothing about a signal to reverse back to long I assume my earlier post was incorrect and the signal to which you refer is the OB just prior to selloff into the close.

 

[romanus]

Quote from ticktrade:

... the OB just prior to selloff into the close.

I find it highly suspicious that I arrived at the same conclusion even before seeing Spydertrader's chart. I thought Avi 8 comment clarified things somehow for me, but I still managed to miss all those traverses and channel.