Iterative Refinement

[Spydertrader]

Quote from Jander:

Any reason in particular that you were expecting a B2B there?

I expected a B2B because the market found itself building an up channel. While the B2B represents a 'textbook' Gaussian Change for a Point Three Up, other sequences can also form the same function (and you know what I am going to say ) - based on the context at the time. By example, we had a Point Three down form at the 9:55 [close of] ES Bar. In this specific example, I did not expect the sterotypical R2R - because we had a different context.

Quote from ehorn:

I am starting to see the benefits from 'D'ecision (which results in Continue) and 'A'ction (which results in Hold)

Nice trade. Keep up the great work.

- Spydertrader

 

[guavaman]

Quote from ehorn:

I am starting to see the benefits from 'D'ecision (which results in Continue) and 'A'ction (which results in Hold)

OUT - FREAKIN- STANDING!!!!

 

[romanus]

.

 

[gravitonium77]

Starting to see the YM distinctly lead at certain points. Also, the recent discussion vis a vis traverses and retraces has helped. After the long period of LM (9:45 - 10:45 on my chart) I began to realize that LM was actually an entire traverse and NOT just a retrace, so then I was anticapating a pt3 up as the next traverse. When the big black b/o bar occurred, the sequence I had in mind was NOT a FTT, but rather a retrace to make a new pt3 up.

WHile that LM mess was frustrating, it seems like I"m making some progress on recognizing fractal levels and resolution. Thanks again to all who particapate here.

 

[romanus]

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[cnms2]

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Quote from romanus:

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[romanus]

Quote from gravitonium77:

... LM

Thanks for the chart. Things would have been much clearer in the am for me had I not missed that LM LTR.

 

[romanus]

Quote from cnms2:

2008-07-10 lateral movement.gif

Thanks, I replied to gravitonium77 before I could see your post.

 

[romanus]

deja vu all over again

 

[gucci]

Quote from cnms2:

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cnms2, first of all thank you for all your contributions and blotters, they were very encouraging. I've got a question. Why did you choose to annotate your lateral starting with 11:10 bar instead of 11:05 bar? The close of 11:05 bar stays in the range of 11:00 bar and allows further analysis with respect to BO of 11:35 bar and additionally with respect to the change signal coming with decreasing black volume after BO of this lateral with 11:40 bar?

TIA.

http://www.elitetrader.com/vb/attachment.php?s=&postid=1988970

PS: Spydertrader, you are welcome to chime in, if I'm unconsciously but definitely unintented starting a debate here.