Iterative Refinement
- Thread starter Spydertrader
- Start date
This is exactly the goal I have been working on. This says it all.
To learn one fractal, inside out,
and apply that to any fractal and take advantage of the ability to differentiate.
To purposely know, that a trade that switches fractals was intentional.
To know in advance what appears to be a point 3 traverse is not a point 3 traverse, but actually nothing more than the sequences to complete a full traverse, a lateral formation- movement to an fb/o. This lets you know in advance that this trade may fail and you are NOT left in the dark as why, what was mistaken as the point 3 traverse, failed after entering on what appeared to be point 3.
Thank you Spyder. I do believe we are on the same wavelength if not the same wave. As always I find your comments to be helpful even when they are accompanied with a large stick. I am a master of jet li and managed to dodge many of your swipes, but not all, to the benefit of myself and hopefully others.
As an aside, lest confusion be generated, the posts of Jack that I skim and leave are ones that I've read and understood before and as well, discussions of trading philosophy with trader666 and tc28.
Hope you all have a peaceful Sunday.
lj
QFT!
I observe my path through action levels (currently find myself taking between 4 and 10 actions/per day) to be directly correlated to Jack's "Money Velocity" diagram. As of late I have been focused on entry sometime after 'sync' (I strive for entry on PT3 of 1st dominant traverse after sync) and stay on that fractal (with the aim to act on FTT to FTT of that fractal) until the first FTT after lunch or early afternoon (pace being the guide here). I then find myself moving 'up' a fractal in the early/mid-afternoon and then back 'down' later afternoon until close.
For me (at this stage), it is related to certainty and pace.
During times where certainty is waning, or pace makes abrupt shifts or gives me trouble with 'A'nalysis and 'D'ecision, I will back off the throttle and purposely sideline or move 'up' a fractal in MADA.
Not sure it is of any benefit to others, just thought I would share the personal pattern I am observing at my stage.
P1,
In focusing on learning a single fractal to trade I have come to view the market much like a crime drama on TV. I expect to see a successful (and anticipated) resolution of a traverse in a reasonable time frame. On Friday this didn't happen which caused me some angst and confusion.
At the time bar 8 took form, I was not fully proficient, therefore not confident in determining Peak Volume (PV) when it occurred. At EOB I did not think, but wasn't sure that bar 8 didn't meet the recent definitions of PV. However since we and not an additional IRV on bar 9 (after the sym pennant / LM on bars 6 & 7) as well as another clear signal of change, and because bar 8 was a VE w/ IRV, I felt we would most likely have a non dom traverse that afterwards would resume the dominant down trend and break/close outside the enormous LM created by bar 8. To me this belief was confirmed with bar 12 , OB w/ DBV. Not exactly a triumphant beginning to a new trend
. As we know the anticipated break/close of the LM to the down side never materialize, but that is an issue of my personal expectations exclusive of my expectations of the method.And that's the way I saw it.
guava
I think that an ability to produce correct annotations goes hand in hand with an ability to see the the Traverse Level Change signals. Otherwise how one would know where to put pt1 of the new traverse. My question is about the change signal that developed at 15:15 [close of] on 8/1/2008. Since the next traverse down (red) starts on the next bar, I can not see how applying any of the Traverse Level Change signal definitions (Peak Volume, Jokary Window, etc.) would tell me that this is a Traverse Level Change. I see increasing red volume on 14:55 close of bar. It tells me to expect a pt3 down to develop.
I added Lateral Movement annotation to which I think you were refering to in your post to ehorn below.
I see price sitting inside Lateral Formation, which is situated inside larger Lateral Movement.
I see 15:15 close of up on decreasing black volume, which means either lateral movement in an Up trend or retrace in a down trend.
I don't understand ehorn's logic here which you suggested puts one on the right track.
I would appreciate any insights on that situation. Thank you.
Below is the exchange with respect to this particular bar for convinience.
I added Lateral Movement annotation to which I think you were refering to in your post to ehorn below.
I see price sitting inside Lateral Formation, which is situated inside larger Lateral Movement.
I see 15:15 close of up on decreasing black volume, which means either lateral movement in an Up trend or retrace in a down trend.
I don't understand ehorn's logic here which you suggested puts one on the right track.
I would appreciate any insights on that situation. Thank you.
Below is the exchange with respect to this particular bar for convinience.
Quote from Spydertrader:
My head is melting on the 15:15 bar a bit though. Surely this is confirmation... Why not 14:45? Is this considered an "Intra-fractal" change?
Because the market told you to hold for a spell at 14:40. As such, you have a tape level change only at 14:45 (FTT of a tape). With 15:15 as your signal for change, 15:20 becomes a Point One.
I am definitely missing a key concept in here somewhere...
Start by noting how this example of Lateral Movement differs from all others on the day.
....... Subtle differences .........
- Spydertrader
Quote from ehorn:
Ok, ok, I went and had a smoke and thought it through a bit (your hint about the LM was all it took)
Lets try this... While the IBGS (14:45) was change signal (tape level as you confirm). As the LM takes shape (inside the current channel), the market tells us to hold, as it was possible (at that time) for an acceleration in the current dominant traverse to occur. But 15:15 told us that it was not so.
I certainly like the way that sounds. Now the question, is my logic correct?
Can't get it to load (Wealth Labs Old Site). Looks like i will have to allocate more time to get the job done. The chart (but not date) posted previously (above) represents Thursday's market action. Just as a double check, does the question quoted above refer to Thursday or Friday?
If Thursday, then begin with 14:35 walking through each bar noting which direction represents dominant and which direction represents non-dominant. Note the bars where dominance changes. Let me know what happens when you arrive at 15:15.
- Spydertrader