Iterative Refinement

[ljyoung]

Quote from Avi 8:

So did we have 'volume dropoff' across the first three bars?

Like I posted, not correct.

Clearly, we had a non-monotonic dropoff. Clearly we did not have a montonic dropoff. Let's see what happens (vide supra) and I promise not to craft a heiroglyphical "M".
Truth be, as I've said already, I don't care what happens. I'm content simply to record it.

lj

 

[ljyoung]

Quote from Avi 8:

Ahh, so was he 'right' after all? Just curious.

In the particular instance I'm thinking of he was not right, but then one wouldn't want to condemn him for being wrong because, after all, that's not what is important.

lj

 

[Avi 8]

Quote from ljyoung:

...Clearly we did not have a montonic dropoff...

Did you mean a 'monotonic' dropoff?

If so, 'clearly' this doesn't match the discussion and observation of a M/W day. Which is why I stand by my statement, "This is not correct." This is 'clearly' a comparison between apples and oranges.

Perhaps a review of our always 'right' mentor - Spydertrader - is in order. He states his observation 'clearly' in this very Journal.

 

[Pepe]

Quote from Avi 8:
If using just the YM and ES, we wait. With 'bar overlap' we must go to finer tools to see the right side of the market.

Ok Avi, I understand your point. I think there is no right answer here.

One can choose to wait to see where the BO will be or one can choose to "antecipate" as soon as we have the first signals of change in that situation.

In annex it is an example of what I meant. It happend just a couple of moments ago, it is ES 2min not YM

That was a forming FTP that made a equal high at close.

 

[ljyoung]

Quote from Avi 8:

Did you mean a 'monotonic' dropoff?

If so, 'clearly' this doesn't match the discussion and observation of a M/W day. Which is why I stand by my statement, "This is not correct." This is 'clearly' a comparison between apples and oranges.

Perhaps a review of our always 'right' mentor - Spydertrader - is in order. He states his observation 'clearly' in this very Journal.

http://en.wikipedia.org/wiki/Monotonic_function

 

[Avi 8]

Quote from ljyoung:

http://en.wikipedia.org/wiki/Monotonic_function

http://elitetrader.com/vb/showthread.php?s=&postid=1746006#post1746006

 

[ljyoung]

Quote from Avi 8:

http://elitetrader.com/vb/showthread.php?s=&postid=1746006#post1746006

And my question to Spyder was whether the decrease was monotonic or non-montonic, since the word "dropoff" was ambiguous to me.

lj

 

[Avi 8]

Quote from ljyoung:

And my question to Spyder was whether the decrease was monotonic or non-montonic, since the word "dropoff" was ambiguous to me.

lj

http://dictionary.reference.com/browse/dropoff

 

[bi9foot]

Chart for today

 

[Spydertrader]

Quote from ljyoung:

A quote which will hopefully settle the differences of opinion about what is sufficiently annotative:

Without a properly annotated chart, one risks not 'seeing' all areas where the ES provides permission to the trader to go and receive signals from the YM. As such, the trader then risks having the YM provide signals at the incorrect times.

Rather than deciding in an arbitrary fashion the definition of sufficent with respect to proper annotation, take the time to consider whether failure to fully annotate has any influence on your trading P & L.

- Spydertrader