Iterative Refinement

I guess the price shows signs of fatigue, it "struggles to advance", hence change is coming.
Quote from R/R:

What ever happened with the outcome of the "Holy Grail Drill" from 5/9/08 regarding bars 15:10-:15, 15:40-:45, and 15:50-:55?

"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."

I've been snookered by the last bar, re: it's commonality with the others.
edit: date was 5/9/08 as corrected
 
Quote from cnms2:

I guess the price shows signs of fatigue, it "struggles to advance", hence change is coming.
agreed, but I was looking for a "deeper" relationship.
 
Quote from R/R:

What ever happened with the outcome of the "Holy Grail Drill" from 5/9/08 regarding bars 15:10-:15, 15:40-:45, and 15:50-:55?

"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."

I've been snookered by the last bar, re: it's commonality with the others.
edit: date was 5/9/08 as corrected

My answer was all three had sentiment change intrabar: http://i276.photobucket.com/albums/kk20/ROMANUS42008/THREEBARS.jpg

That day's chart: http://i276.photobucket.com/albums/kk20/ROMANUS42008/ES06-085_12_20085Min.png

Also note the YM where marked by arrows of different colors:
green - 1514 [close of] - higher volume the same close - "price struggling to improve?"
red- 1544 [close of] lateral movement(continuation) preceded by IBGS
yellow - 1554 [close of] IBGS prceded by black dominant movement
http://i276.photobucket.com/albums/kk20/ROMANUS42008/YM06-085_13_20082Min-1.png

Beyond that, I am in the dark.
 
Quote from romanus:

Beyond that, I am in the dark.

15:10-:15, 15:40-:45 are lateral movement FBO
15:50-:55 is lack of more red volume after lateral movement BO (WMCN didn't = change)

Lateral movement is what they all three have in common?
 
Back
Top