Iterative Refinement

Quote from LittleMac:

ESignal had it has an increasing black. Thus I thought a new Pt 3 was beginning. Is this incorrect because the increased black I have is actually a pennant? Or for other reasons?
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Price made a lower low. Therefore, we have a red bar - irrespective of what ESignal says. :)

Don't take this the wrong way, but we discussed this topic as well in this very Journal. Based on the number of critical items missed, one might conclude a review (or a first pass) of the material is definitely in order.

Quote from LittleMac:

And just to confirm, you would suggest it to be a good idea to try and keep an eye off of P/L once a signalled entry occurs?
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Never watch your P & L.

- Spydertrader
 
Long SOLF

Point 3 of light blue upchannel. PRV is 200% of prev day's volume.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1972521">
 

Attachments

Quote from Mr_Black:

FBO :D
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why did you take a short position when there was a confirmed close outside of the lateral on increased black volume at 14:05? Also where are you getting your red channel from? also, no volume???
 
Quote from PTVtrader:

why did you take a short position when there was a confirmed close outside of the lateral on increased black volume at 14:05?
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What did the YM indicate at that exact same moment?

Quote from PTVtrader:

Also where are you getting your red channel from?
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10:05 and 10:30 [close of] ES Bar (Points One and Three, respectively). All times Eastern.

Quote from PTVtrader:

also, no volume???
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Looks like he 'snipped' the Volume Pane accidently in his screen shot (or on purpose so you could 'see' the Price Action [and his 7.5 points in profit] better :) ).

- Spydertrader
 
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