Iterative Refinement

Quote from Spydertrader:

1. Stop exiting when you have a Pennant. I do not know how or why you picked up such a habit, but it needs to end immediately.

2. Review the recently described 'ET Chat Room Log' - specifically where Pennants and Laterals are discussed.

- Spydertrader
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Finally found the chat logs you've mentioned. Now I've got something to do this weekend.

I've got lots and lots of camtasia's of market days, but missed those two days, went snow skiing !! Nuts !!! And now I'm still limping, in both my walking and trading ! Ha !!

PM or let me know next time you do this, a camtasia along with one of these comprehensive chat logs would be invaluable to those such as myself still struggling to learn. A picture is worth a thousand words, if I could only get the picture and the thousand words to go along with it.

Thanks again for everything.
 
Didn't see much today. I'm posting a chart of STAR which has many issues and hoping someone posts a comparison chart. I'm trying to nail down how to deal with all the laterals and pennants I see on equities charts and how to deal with them.

Comments appreciated
 

Attachments

I had difficulty drawing gaussians today, I simply couldn't match some of the channels. What a move at the end, I had gone to a birthday party and missed it.
Thanks to everyone behind the scenes, nice day :D

Todaysgussians.png

Please feel free to make comments.
 
Quote from callmate:
I had difficulty drawing gaussians today, I simply couldn't match some of the channels.
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Today were some of the hardest gaussians at the deeper levels that I've ever encountered, especially in the afternoon... I pretty much wrote off most of the afternoon as one giant lateral movement - the way price bounced off those specific tic points. It's just so cool! :)

Congrats to folks who caught some of that 30 point move at the very end! I'd gone off to do errands... :(

P.S. Callmate, that first black gaussian on your chart is underneath falling price
 

Attachments

Quote from callmate:

I had difficulty drawing gaussians today, I simply couldn't match some of the channels. What a move at the end, I had gone to a birthday party and missed it.
Thanks to everyone behind the scenes, nice day :D
More...


Are you trading 1 contract? 15 pts?

Nice, did you get a big chunk on this mornings down channel?

I thought my paltry 4.5 pts. was good..:(
 
Quote from guavaman:

Provided you followed and executed the method properly it was good to very good. :D
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I agree, I'm satisfied when my decisions are based on the method and I see it play out... "Whats the right side of the market? "
Thats what I ask myself all day long..
 
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