Iterative Refinement

[dkm]

Quote from Spydertrader:

This is not a problem at all. It is an opportunity to finish the journey earlier than expected. Set aside what you think you know for now, and place your mindset in the perspective of someone who never read any of this stuff before, and set out to learn to draw tapes, traverses and channels for the very first time.

Remember, you don't know anything and have decided to learn to monitor. Keep this mindset in place until you 'see' that which you missed the first time through.

Twenty reps on charts should do it.

- Spydertrader

Unless I do something significantly different to what I have been doing for the past 18 months, I can't imagine another 20 reps producing the desired result.

 

[Tums]

Quote from dkm:
Unless I do something significantly different to what I have been doing for the past 18 months, I can't imagine another 20 reps producing the desired result.

It is true if you choose to keep the 20 reps to yourself. ;-)

 

[gucci]

Quote from Tums:

time to get a piece of paper and draw out the different variations of tapes and traverses.

Tums, I have to be more precise the next time. With the word annotated I meant the thickness of lines and the FTT and not the location of the points 1 and 2. Perhaps I'm getting paranoid trying to understand this stuff or just overcomplicate it.

 

[Spydertrader]

Quote from dkm:

Set aside what you think you know for now, and place your mindset in the perspective of someone who never read any of this stuff before, and set out to learn to draw tapes, traverses and channels for the very first time.

Quote from dkm:

Unless I do something significantly different to what I have been doing for the past 18 months, I can't imagine another 20 reps producing the desired result.

How can someone who never read any of this stuff before do things the same way as the prior 18 months?

- Spydertrader

 

[Tums]

Quote from gucci:
Tums, I have to be more precise the next time. With the word annotated I meant the thickness of lines and the FTT and not the location of the points 1 and 2. Perhaps I'm getting paranoid trying to understand this stuff or just overcomplicate it.

I have reread your post.
Maybe your understanding of tapes is still not correct?

My recommendation stands.
If you post your drawings, I am sure you can get this cleared once and for all. And you can confidently move on to the next level.

 

[Spydertrader]

Quote from gucci:

With the word annotated I meant the thickness of lines

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2002118>

Olive Green, Light Blue (Cyan) and Kelly green (also Red, Orange and Brown) represent tapes. Royal Blue and Pink do not represent tapes.

 

[dkm]

I know how to draw tapes, traverses, and channels. It's the same way as I learned 18 months ago and have been doing repeatedly day in and day out. Unless there is different way to do it, or I am doing it incorrectly, then I am going to be repeating and reinforcing the same problem.

 

[brandx]

Spyder. Man, you really helped me focus on what is important when you suggested getting rid of all tools except ES Price and Volume.

I was not concentrating on the big picture and getting tangled up in my shorts (other tools). By focusing and always looking for what must come next (pts 1, 2 and 3’s), I am much more comfortable in anticipating the market.

Thanks for your support.

 

[Tums]

Quote from dkm:
I know how to draw tapes, traverses, and channels. It's the same way as I learned 18 months ago and have been doing repeatedly day in and day out. Unless there is different way to do it, or I am doing it incorrectly, then I am going to be repeating and reinforcing the same problem.

How does your chart look compared to Spyder's?
Is it 100%? or 90%? or 50% similar?




p.s. The question one must ask himself is -- at the point of change, have I got all the information I needed to make a profitable decision?

 

[gucci]

Quote from Tums:


Maybe your understanding of tapes is still not correct?
If you post your drawings, I am sure you can get this cleared once and for all. And you can confidently move on to the next level.

This can be the case. I'll prepare ´my work or art` for tomorrow.