Iterative Refinement

Quote from Mr_Black:

I was trading pre-market and this is my results for today...:)
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You continue to perform very well - in all types of market conditions. If you have the time, perhaps you could describe your trades (why you entered, why you held, why you reversed or exited) in an effort to enlighten those still struggling toward consistency. I'm confident many would find such posts invaluable.

Again, keep up the great work.

- Spydertrader
 
Quote from Spydertrader:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1887804>
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Thanks Spyder for the eval, the highlighted retrace is decreasing black volume back to the RTL so the FTT should have been labled as an FBO. The red down channel you drew, I saw as a VE of the existing pt3 down channel, and then I totally missed the green up channel inside of the black pt3.
Thanks again......
:cool:
 
Quote from Spydertrader:

You continue to perform very well - in all types of market conditions. If you have the time, perhaps you could describe your trades (why you entered, why you held, why you reversed or exited) in an effort to enlighten those still struggling toward consistency. I'm confident many would find such posts invaluable.

Again, keep up the great work.

- Spydertrader
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Thank you Spyder... At my current level ( beginner) I do enter exit strategy ...today i did one reverse but this was to get to the right side .....:)
 
One of the 100's of formations on my tick chart told me price would go up, not only go up, but SHOOT up for x-amount of time.

See chart,

Hint: You cannot know without the understanding of tick charts, what I'm talking about.

That lil move up, was nice for 2+ points in 1-2min:D, if you would've hold, you now at 4+ points.

at my skill level 3 confirmations:

-Smart money YM makes the ES (blue color line, bright) shoot trough that resistance

- Tick charts formation, pattern
- Higher fractal pennant, merged with lower fractal pennant, merged with mini fractal pennant.

Without a doubt, there at FAAAAR more confirmation levels, but I'm not there yet!
 

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Quote from astral:

See attached chart!:)
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Those yellow triangular shapes on your chart aren't like anything I've ever seen before. They don't look like any of the formations (SYM, FTP, FBP). Just curious what are they?
 
Quote from astral:

Nope, you couldn't be more wrong:p:)

Both on the mini and higher fractal, you could've known EXACTLY what was coming up. Here's my chart..
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Nope, I'm right.

The choppy period ended juuuust after I posted that.

A different view. Notice higher high AND lower low around 10:10 to 10:20ish.
 

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