Iterative Refinement

Quote from osho67:

... it seems if you watch his youtube video he has figured it all out, why are we still manually plotting channels ?
More...
:D If his computer had figured it all out with respect to correct annotations, I'd be willing to switch my brains for it in a second. My comment of course is meant as a joke - bitter truth wrapped in the humor.
 
Quote from ljyoung:

If I have understood you correctly, what you are saying is that CO Channels are not of utility on days where there is a large opening gap and on days where there is little or no gap (so-called split opening) their use is unnecessary if a trader is oriented to the market. So in short, you don't use CO Channels and begin each day the same way by monitoring from the close of bar 1 (if trading End of Bar). Is that correct?
More...

Close. A gap in the opposite direction of the last traverse (or channel) on the previous day. A gap in the same direction allows for continuation of the previous traverse (or channel). However, yes. Properly oriented, a trader should not need the Carryovers.

- Spydertrader
 
Quote from ljyoung:

...An ET search for a definition of peak volume as it relates to futures, using "peak volume + your handle" failed to yield an answer...
More...
Really? Wow!
Just as the market is always right, think this statement through. Is there a way to know if ET search is always right, or did one annotate the 'search' boxes incorrectly?

Well obviously I wouldn't be having this much fun if these 'rhetorical' questions didn't have an answer.

So here it is in an attachment.
 

Attachments

Quote from romanus:

I thought I had an answer for you. I really did. But after seeing what happened today between 1525 eob and 1550 eob and how it has been annotated, I no longer do.
More...

Don't toss out your thinking just yet.

Note the dashed blue up traverse from 15:45 to 16:00.

I had it in place before the close of the 16:00 Bar, and felt mighty confident - right up until the 16:05 pulled an If1. As a result, I need to review that section in an effort to make sure I annotated everything properly. I encourage you to do the same before heading off in another direction.

- Spydertrader
 
Quote from Spydertrader:

Close. A gap in the opposite direction of the last traverse (or channel) on the previous day. A gap in the same direction allows for continuation of the previous traverse (or channel). However, yes. Properly oriented, a trader should not need the Carryovers.

- Spydertrader
More...

Thank you Spyder. That was very helpful.

lj
 
Quote from Avi 8:

Really? Wow!
Just as the market is always right, think this statement through. Is there a way to know if ET search is always right, or did one annotate the 'search' boxes incorrectly?

Well obviously I wouldn't be having this much fun if these 'rhetorical' questions didn't have an answer.

So here it is in an attachment.
More...

Thanks for the very creative attachment, attachment handle and lead-in to same.

What I did do was to put 'Spydertrader' into the handle box on the search page and 'peak volume' into the keyword box on the search page (options left on default) to generate a data set where Spydertrader was the only 'author' of the found links. Seemed reasonable at the time.

Maybe it's time for a little payback. In return for me having alleviated your state of confusion about the Jokari Window back in November of 2007, perhaps you could reciprocate by remedying my state of ignorance about the definition of 'peak volume' as it relates to futures.

BTW, it's not Dr. Gigo. It's Dr. Gigolo. You must be confusing me with someone else.

lj
 
Greetings all.
I'm plugging along, trying to assimilate this stuff, catch up on all the previous Journals, and follow whats going on in here. I hope one day to be caught up to a point where I can contribute something!

My channels are bad, a mess! and I dont seem to be getting any clearer. Practice might make perfect, but in practicing bad technique I'm certain I am setting myself up for failure.
I've only been Monitoring FU Equities to date, as I dont have a feed for the futures data, and therefore don't have a model of excellence(Spyders charts) to compare my mistakes to.

I'd like to change course, and start monitoring the ES 5min, and put the Equities on hold.
Would anyone have historical UNannotated charts of the 5minES they would share, so I can practice hindsight annotation, and compare my progress to Spyders charts in this Journal ?

I'm hoping 100reps on static charts might help to build some understanding!



:confused:

Thanks, and here is an examle of my "technique":p
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1998891>
 

Attachments

You must log in or register to reply here.
Back
Top