Iterative Refinement

Quote from bi9foot:

Part 2
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I thought about my action taken while at the gym and realized that I jumped the gun on reversing long.

YM is in a pennant formation. So I should hold off until the YM pennant BO provides a signal as to the new direction.
 
Mens sana in corpore sano (a healthy mind in a healthy body) :)
Quote from bi9foot:

I thought about my action taken while at the gym and realized that I jumped the gun on reversing long.

YM is in a pennant formation. So I should hold off until the YM pennant BO provides a signal as to the new direction.
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Quote from ehorn:

Thank You Tiki! :)

EDIT: Uploaded new image.
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Just a comment on your statement below:

YM Sym Pennant - Lateral formation on Decreasing Black Volume (change)

Decreasing volume in a lateral is what we expect. So that is not a change signal but rather a Hold signal.
 
wmcn drill 1-2: Action: HOLD (SHORT)

EDIT: I expected more participation in Tikitrader's drill. :confused: There's no shame in being wrong, and if you think you know more you should be happy to pay back Spydertrader and Jack by sharing further your acquired knowledge ...
 

Attachments

ES: incr Red volume: HOLd (SHORT)
SPY: FBP with decr (Black) volume: WAIT (SHORT)
Quote from TIKITRADER:

ES M8 Daily Chart March 31 / 2008


ES daily bar formed a lower low and lower high on increasing volume.
Also an intrabar gaussian shift took place and closed slightly higher than its open.

Price is still inside the dominant down channel.
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Quote from bi9foot:

Just a comment on your statement below:

YM Sym Pennant - Lateral formation on Decreasing Black Volume (change)

Decreasing volume in a lateral is what we expect. So that is not a change signal but rather a Hold signal.
More...


I appreciate the comments Bi9foot and your review of my work. I would agree that, given the context, hold is the trade here. But I am seeing one element (YM) of data that is changing, or maybe in the jokari sense I should have said (Change is Coming). It is not sufficient enough yet to think change on ES, but it is pointing out that something has changed (from dominant to non-dominant movement), and the signal is flashing to me to pay attention here.
 
Drill 1.2. Tiki: as I noted on my previous chart, your ES OSB that initiated the lateral (as well as the Gaussian) should be red because it closed lower than previous bar. Just a heads-up in case you want to correct your code.
 

Attachments

FU changes for the Equity hogs:

Deleted:
AZZ CUB (TOLD YA SO) EHTH GLNG GMKT GRA ICOC IDCC IMMR JCG LPHI POZN QMAR RATE SFLY SNHY VSR

ADD:
WX CZZ PSEM RBN RICK TC

CURRENT:
ANW ARGN ASIA ASYS ATV BCSI BHS BIDZ BKI BOLT BONT BPHX CALM CCC CHDX CMED CZZ DBTK DRYS DSX EGLE EMKR EXM FED FMCN FSTR GAIA GIGM GRRF GSI GSOL HMIN JADE JASO JRJC LAZ LQDT LXU MALL MASI MEA MEE MELI MFLX MTH NCMI OMPI PSEM PWRD RBN RICK RIO RWT SCOR SDTH SIGM SKX SNCR SNDA SOHU SOLF SSRX STAR SXE TASR TBSI TC TGIC TKC TLEO TRA TSL VCGH VDSI VIP WCG XING YTEC
 
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