Iterative Refinement

Quote from romanus:

Yeah, that was one hell of a logic. Desperate men do desperate things. I am writing that whole thing off just like today as outliers (in my case inverted outliers).:D
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Stay positive man....your questions and ability to research old posts have helped many of us. Now if you can just post a complete annotated chart...lol:)
 
Looking over some of these charts being posted here, I like to see how price reacts to volume. For example, lets say we have black volume but the price does not go up. This could be that the market is saying that it wants to go down. Next, red volume comes in and price does go down and confirms that the major trend is down.
 
Quote from oraclewizard77:

Looking over some of these charts being posted here, I like to see how price reacts to volume. For example, lets say we have black volume but the price does not go up. This could be that the market is saying that it wants to go down. Next, red volume comes in and price does go down and confirms that the major trend is down.
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Correctly annotate a chart, and you'll never have to think, "could be." You'll simply know if the one context you describe represents the current state of affairs with respect to the 'right side' of the market.

- Spydertrader
 
Romanus,

My trip down memory lane to FIII 1/07 and several other more recent excursions, permit me, if you will, to add my voice to the growing crescendo of same, and urge you to start drawing the tapes. At the very worst, it will allow you to have something more than reheated Kraft Dinner, let alone bread, on your table. It has worked for me. (I think the tapey thingy is what Mr. Black does along with a little YM). The 1,2,3 stuff applies at ALL levels and while those freakin' faster, sub, intrafractals can be a bit of a bite, there's something nice about a 1,2,3 tape sequence.

As PTV says you have been a great help to all of us here and I sincerely think that the addition of tapes to your charts will push you through to the other side and not off the proverbial cliff.

FWIW, perhaps we were not looking for a P2 at the end of the day on 11/28.

lj

The affliction of 9/15/08 has been cured and now it's on to remedy a couple of other large lumps.
 
Quote from romanus:

Funny that you've mentioned it - I have studied that particular day on and off quite a few times in the past 6 mo. Just be careful not to follow in my footsteps - you just may end up being where I am right now. EDIT: Going back to the beginning.
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... you might want to fully annotate that example :)
 
Quote from Spydertrader:

Correctly annotate a chart, and you'll never have to think, "could be." You'll simply know if the one context you describe represents the current state of affairs with respect to the 'right side' of the market.
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I think it is more accurate to say that once you gain the knowledge to correctly annotate a chart and then go about correctly annotating, you will know the right side of the market.

Operating with inaccurate information and drawing incorrect annotations negates any effort to know the right side of the market that a thoroughly annotated chart may provide.

Got to know how to annotate first.
 
...shot of friday action
...bearish W pattern
...FTT happens at 3 am
Quote from Spydertrader:
Because the market told you at EOD on Friday what it planned to do on Monday.
- Spydertrader
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