Iterative Refinement

Quote from LittleMac:

Got short LULU today at the 2:30 bar when PRV showed increased red and a BO of the blue channel. Doing good so far. Daily shows a pennant on increased volume. I see this as a point 3 forming from a Pt 1(5/20) and Pt 2(5/28) channel on my daily.

Comments welcome.
More...

Wow. Great move Little Mac. Noticed that afterhours, the stock is trading down $3.62. That is the best critique that anyone could give of your chart. Better start backing up the armored truck.
:D

QUOTE]Quote from Spydertrader:

Current Final Universe


Thank you very much Spydertrader for the latest final universe. Your efforts are continually appreciated.
 
Quote from LittleMac:

Got short LULU today at the 2:30 bar when PRV showed increased red and a BO of the blue channel.
More...

After Hours: 28.60 -3.62 (-11.24%)

Hell'uva good trade.

- Spydertrader
 
Here is the FU I have

ALY, ANW, ASIA, AYR, BEXP, BIDZ, BMTI, CAB, CALM, CAVM, CBEY, CHDX, CONN, CRY, CSIQ, CSR, CXO, CYNO, CZZ, DBTK, DDS, ES, ESEA, FCFS, FCSX, FSYS, FTBK, FTEK, FTK, FUQI, GIGM, GMXR, GSOL, JAS, KBW, LAZ, LDK, LL, LOOP, LULU, LXU, MALL, MEA, MELI, MFLX, MLNX, MTZ, MW, MWA, MXB, NETL, NFLX, NPD, NTRI, ODFL, OESX, OME, OMRI, PERY, PNSN, PRGN, PWRD, RICK, RVBD, SCOR, SDXC, SKX, SNCR, SNDA, SOL, SOLF, STEC, STV, SWS, SWSI, SYX, TBSI, TESO, TITN, TLEO, TRAK, TSL, UA, UCBI, UDRL, ULTA, ULTR, UTI, VDSI, VISN, VLCM, VOCS, VOL, WLK, WNR, WX, ZOLT, ZUMZ
 
Quote from Padawan:

Thanks for sharing Avi8. I'm wondering why you expect change when there's a pennant formation? Is it because that bar has lower volume after the previous bar broke out of a lateral movement area on increasing volume? Or is it because you automatically think "expect" change on all pennants (you said "expect change" on a lot of the pennants in your MADA on 040408)? I thought the pennant formation represents continuation given the proper context, so I guess my question is...what about this context makes you see that pennant as a moment of impending change.

Also, is there a difference between when you say "expect change" and an actual change signal? Does "expect change" and "anticipate change" mean the same thing to you?

Please forgive me if any of that sounds stupid. Just trying to work some stuff out. Thanks for listening.
More...

Quote from Avi 8:

Describe for me what is continuation after the 1550 bar?

P.S. Do we still need to see the diagram posted again?



Padawan: We might. Continuation is increasing volume and increasing price. Formations also mean continuation. Hence, I am confused.

Sorry if this post looks a little weird. It comes from the discussion on 052908 here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1938845#post1938845

Thank you very much, Avi8, for revisiting this topic.
 
Quote from gravitonium77:


Any guidance toward specific drills will be followed to the letter.
More...

I was lucky enough to be around at the start of Futures Journal.

I mastered the trendlines and channels first.

I did hundreds and hundreds of drills locating VEs and flaws before the FTTS.

Then I concentrated on 123s at a forest level.

I learnt to recognise dips, stalls, flaws and committed the definitions to my memory. :D

I found the gaussians very difficult but I kept at it and sought help.

Each night, I compared my chart with Spyder's and corrected anything missing.

I learnt to apply the jokari window, again going through hundreds and hundreds of charts.

I annotate my chart religiously each day. Put the hard work in and trust me you will reap the benefits in the end.

Look up Avi's postings on this journal, he offers everything on the plate. :D

Go through the Futures Journal, step by step, no short cuts. :)


By the way I never post my working charts, far too messy. :D

Good luck, if you are determined you will get there.
 
You must log in or register to reply here.
Back
Top