Iterative Refinement

[romanus]

Quote from Tums:


Once you have posted the drawing, we can take up the exploration and discussion from there.

I am still working on that, and it slowly but surely coming. Going through some terrific discussions in the futures thread right now

 

[LittleMac]

MFLX lookin good. Saw decreased black today. Could be FTT of the current up channel. Will keep an eye on it tomorrow to see if red begins to come in on the daily. I'll exit on increasing red volume.

 

[Spydertrader]

Quote from Specterx:

I'd appreciate any comments you might have.

I encourage you to review my charts (posted throughout the day today), comparing each portion of the day on my charts to your own annotations, in an effort to 'see' what you missed (both on your first pass and on your second attempt).

The Pennants Discussion arrives in September of last year's journal. If we haven't discussed them yet (at your current reading mile post) you'll arrive at the discussion soon enough. Until then, don't worry about not having annotated them.

- Spydertrader

 

[Spydertrader]

Quote from LittleMac:

I'll exit on increasing red volume.

You expect increasing red after an FTT?

- Spydertrader

 

[LittleMac]

Quote from Spydertrader:

You expect increasing red after an FTT?

- Spydertrader

No not at all I expect decreasing red tomorrow after the possible FTT but sometimes the decreasing red and increasing red BO happens all in one day on the 30 min chart and it translates to increased red on the daily. If i see this pattern develop on the 30, I'm out.

 

[Avi 8]

Quote from Spydertrader:

I mean, don't you two find it odd that every annotation error appears in the exact same fashion on both your charts? See attached. In other words, if only one of you actually annotates a chart, why post two charts?

- Spydertrader

Did some photoshop work tonight using its power to superimpose two images to see the 'subtle differences'.

The annotations are the same. So who is doing them? Are posting two of the same charts advertising for a certain platform?

 

[The Flaw]

Quote from tobbe:

For example, Spydertrader once wrote:

Once Price breaks (by more than a tic or two) a RTL (right trend line) of a channel, that channel is over, done, finished - kaput.

I think the general agreement is that once a bar closes outside of the RTL then the channel is done.

Hope this helps.

I viewed this channel as being valid because it was only a FBO. Price did not break out of the channel for one complete price bar (BO). Every time that you have a FBO do you create a new channel?

Thanks

 

[Avi 8]

Quote from The Flaw:

....Every time that you have a FBO do you create a new channel?

Thanks

Ok, so you are asking a question, thats cool.

How about ANSWERING the ones already posed to YOU first. Then, perhaps, others may be willing to give answers themselves.

 

[ehorn]

Ahhhh... PT3 Bread and Butter

 

[romanus]

Quote from ehorn:

Ahhhh... PT3 Bread and Butter

Cool stuff. Enjoyed watching halfway through bar 9 confirming bar 8 FTT in CO channel.