Iterative Refinement

[nkhoi]

Quote from Spydertrader:

Another Drill

..
- Spydertrader

diabolical!

 

[romanus]

Quote from nkhoi:

diabolical!

You have trend overlap on Points Two and Points Three. Trends overlap on Point One. ..... As a result, you'd violate a basic tenet of the market.

 

[ehorn]

Quote from nkhoi:

diabolical!

Gotta push it man... That is how we grow

"Now drop and give me 20!"

 

[romanus]

Quote from charts:

... presumption based on my understanding of this paragraph

http://www.elitetrader.com/vb/showthread.php?s=&postid=2038716#post2038716

bar 14 - spike, marked with blue ftt

Dom or non-dom? Can't be non-dom imo.

 

[charts]

Quote from Avi 8:

Congrats!

Yet another incorrect assertion!

How many times you gotta be wrong before you change your handle again?

Presumption or asumption?

So look at the same paragraph you quoted, note the chart snip, and tell us what the last black bar of the previous day represents? (the black bar prior to the red OB of the previous day) Dominance or Non dominance? Isn't it a 'spike bar' too? Do you have the same context?

Try studying 'charts', instead of just applying a rule set like edgers.

... you may be right ... that my assumption was wrong (I used "presumption" because that was the word used by romanus ...)
... the bar in this drill seems closer to the red bar's context than to the black bar's context: the black spike is at the end of a dominant move, it is a short bar, and the last bar of the day; the red spike follows a volume sequence that is closer to that in the drill

... also, cool down, b/c your quest to put me down is ridiculous, and just confirms my opinion

 

[ehorn]

Quote from romanus:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2038716#post2038716

bar 14 - spike, marked with blue ftt

Dom or non-dom? Can't be non-dom imo.

and another at 12:25

 

[charts]

Quote from romanus:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2038716#post2038716

bar 14 - spike, marked with blue ftt

Dom or non-dom? Can't be non-dom imo.

... not that good at dom / non-dom ... but if it were dom, that lateral movement didn't make sense (?) ...

 

[Avi 8]

Quote from charts:

... also, cool down, b/c your quest to put me down is ridiculous, and just confirms my opinion

Put you down? Nah nothing could be further from the truth.

Just trying to get others to read the whole answer.

 

[Jander]

Quote from Spydertrader:

sloppy trend line placement might create an environment where you reach an incorrect conclusion.

- Spydertrader

Can you elaborate? Not sure what you are getting at, trendlines appear to be spot on -- save any geometrical discrepancy due to Paint...

 

[romanus]

Quote from ehorn:

Gotta push it man... That is how we grow

"Now drop and give me 20!"

Final thought for the day on tapes and laterals: 10:50 isn't Change (Price closes in a Lateral)

Hint: pay attention to the orange tapes