Iterative Refinement

[Spydertrader]

Quote from romanus:

So if I had entered long (hypothetically) on bar 1

Allow me to translate.

"So, if I didn't bother following the rules, which tell me to wait until market sync, why did things not materialize as I anticipated?"

Quote from romanus:

If one trades on tree level resolution, (meaning entering on FTT, reversing on FBO or on FTT in the opposite direction after pt3 channel in the opposite direction is formed), then it is not clear to me how YM should be involved in the Analysis part of MADA if we restrict ourselves from looking at YM except at certain points where it is permitted.

1. Forest, Trees, Limbs and such represent ways to learn the methods. MADA represents how one learns to trade the methods learned. In other words, one needs to apply what one knows.

2. You show the characteristics of a beginning trader. Therefore, you might find benefit in the following advice ...

Quote from jack hershey:

Maybe this sentence will cause a light bulb to go on for you. All beginner trades take place on bar closes, did you ever wonder why?

HTH

- Spydertrader

 

[romanus]

Quote from ticktrade:

Romanus.
Sorry if my post caused confusion.

Well, I am doing just fine confusing myself without any help from outside
Spent last few hours trying to figure out what would give me permission to look at YM during bar 8 ES. Going to go for a walk to relieve temporary insanity

 

[romanus]

Quote from Spydertrader:



HTH

- Spydertrader

Thank you, Spydertrader. It definitely does. I posted my previous reply without seeing your post.

 

[Spydertrader]

Quote from romanus:

Spent last few hours trying to figure out what would give me permission to look at YM during bar 8 ES.

Because the ES Bar 8 said, "Yo! Romanus!, You need more information, so go get some!"

Why did the ES bar 8 say such a thing?

Because Price went lower on increasing Volume but closed back inside the previous bar.

Where does one first look when a decision requires additional information?

The YM.

- Spydertrader

 

[ivob]

Quote from The Flaw:

Many entry signals were provided on the big picture up channel.

You missed 5 downchannels...

regards,
Ivo

 

[LostTrader]

Quote from Spydertrader:
All three signal change. However, all three signal change for a very specific reason. This they also have in common. Figure out the reason behind the signal, and you'll have the keys to success you need.
Quote from romanus:
Other than the fact that all three of them had change of sentiment intra-bar, I need more time to figure this out

While catching up on my reading, I was looking at romanus' three bar jpeg, it looks like the three examples have

in common: what looks like a flaw followed by an FTT on the next bar

Each represents change: one Up, one Down, one Lateral.

What was the original concern?

 

[Spydertrader]

Quote from astral:

In my opinion the channels and gaussians are more like the "sentences", where as the BARS are the words. So would it be absurd to say I'd rather start learning to pronounce the letters in order to speak? In other words: starting fine going to coarse. I know this seems completely unconventional, but is that not who we are After all, Spydertrader, there is no harm creating a reversed paradigm, right? No harm in expanding the resolution of the picture, right?

Everyone remains free to choose whatever path they feel suits them best. Ignoring good advice also remains a path anyone can choose as well.

- Spydertrader

Quote from jack hershey:

The market's defined operation is built from the smallest pieces into the whole. Skills are built from the rudimentary to the precise.

 

[LittleMac]

Quote from Jesus_Freak:

Hey there,
Here's one of those places I get confused when coloring bars. Yesterday on TRA showed decreasing volume and a red volume bar, however the stock clsed up compared to the previous day.... it was just down from its opening. Would this technically be a red or black bar?

JF

You're correct I would count the 5/12 bar as decreasing black. The bar obviously stayed along the path of decreasing black and eventually changed over to red at some point during the day. I was once told to look for the higher highs, higher lows, lower lows and lower highs to decide the color of a bar. Byu this method the 5/12 bar is a decreasing BLACK bar because it made a higher low and higher high than the previous bar. Thus the sequence is more decreasing black(look for change) Todays bar reads decreasing. I feel the stock has begun to move into a lateral and an FTT will show itself soon. Decreasing red to Increasing red to the Blue Channel RTL would be a good sign trade at this point if volume proves to follow this path.

 

[TIKITRADER]

ES Daily Chart May 13 2008

ES Daily bar made a HH and a HL on decreasing volume.

 

[cnms2]

... and closed inside yesterday's bar. WMCN? Looking for Pt3 down ... about here. Price is struggling up ... It arrived at a long term RTL up on decreasing non-dominant volume. WMnCN? Increasing black volume and price moving higher would mean up trend resumption.

Quote from TIKITRADER:

ES Daily Chart May 13 2008

ES Daily bar made a HH and a HL on decreasing volume.