Iterative Refinement

[ljyoung]

Quote from Avi 8:

Sorry, this is wrong.

P.S. I don't read past your first sentence, if that. IMO You are too verbose for this setting.

This is a case of, to quote a higher power, "... you can call it a duck (or an albatross or whatever), it is what it is. So I'm going to call it a duck.
9:30-10:20 the upduck is completed, P1 and P2 are in place
10:20- this bar is the forming bar of an LM - a lateral duck begins
12:20 - we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck.
13:30 - we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck.
14:25 - we fail to BO on 2 bars of up V from the lateral duck. Since this is an inside bar, 14:20 becomes the forming bar of a new LM but we're still in a lateral duck.
14:35 -we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck.
15:40 - we fail to BO on 2 bars of up V from the lateral duck. This bar is the forming bar of a new LM but we're still in a lateral duck.
15:55 - we end RTH and are still in a lateral duck.
Without getting into details, I end the day with the end of RTH at 16:00 ET.

So, IMO, we end the day still in a lateral duck aka a 2-3 lateral traverse. A traverse trader would have entered long at 9:30 -9:40 and stayed long all day till exiting near EOD perhaps with that "scary" looking OB at 15:50. Not too shabby with $1700/car and that's what it's all about.

lj

The chart is incomplete with no Gaussians or 'fine structure" as I was running about getting prep'd for some down time and did not annotate in real time.

 

[Spydertrader]

Come on guys. Look through the entire day. Can you find one increasing red Volume Bar which isn't the result of a Formation BO? And when you do find them, what do they tell you?

- Spydrtrader

 

[romanus]

Quote from Spydertrader:

Come on guys. Look through the entire day. Can you find one increasing red Volume Bar which isn't the result of a Formation BO? And when you do find them, what do they tell you?

- Spydrtrader

Looks to me like all Jokari Window/Peak Volume/ any other Traverse Level change signals resulted in lateral movement?

 

[romanus]

Quote from Spydertrader:

... And when you do find them, what do they tell you?

That the trend/dominance has changed.

 

[Spydertrader]

Quote from romanus:

Looks to me like all Jokari Window/Peak Volume/ any other Traverse Level change signals resulted in lateral movement?

Do you really think signals for change simply appear out of nowhere randomly making themselves known? Do you really think that a 'signal for change' results in lateral movement with no way to return to the dominant trend on the same trading fractal?

You have failed to note something of significant importance.

Quote from romanus:

That the trend/dominance has changed.

Perhaps. Perhaps, not. Why not list out the instances where you notice the above take place and check to see what evidence exists to support or invalidate your hypothesis.

HTH.

- Spydertrader

 

[Spydertrader]

Quote from ljyoung:

A traverse trader would have entered long at 9:30 -9:40 and stayed long all day till exiting near EOD perhaps with that "scary" looking OB at 15:50.

Incorrect

- Spydertrader

 

[romanus]

Quote from Spydertrader:

Do you really think signals for change simply appear out of nowhere randomly making themselves known?

It feels like there's some order, but I can't see it yet.

Quote from Spydertrader:

Do you really think that a 'signal for change' results in lateral movement with no way to return to the dominant trend on the same trading fractal?

Probably because I miss seeing another signal.

Quote from Spydertrader:

You have failed to note something of significant importance.

I'll keep looking for that elusive 'something'

Quote from Spydertrader:

I learned to trade, not from books, but by studying charts. I followed the charts because that was what successful traders (at the time I first began my Journey) advised me to do. They told me, "all you need is in the charts" and it turns out, they were right.

At least I got the directions.

Thank you.

 

[ljyoung]

Quote from Spydertrader:

Incorrect

- Spydertrader

Message received. Correction made. There were 2 bars of increasing volume they happened to be RED not black (Doh!!) and hence your FTT, etc. Thank you Spyder. I can now return to the garden and deal with our friend.

lj

 

[ljyoung]

Quote from ljyoung:

This is a case of, to quote a higher power, "... you can call it a duck (or an albatross or whatever), it is what it is."

Lest there be any confusion as to the identity of the higher power, which for me goes without saying in this thread, it is, of course, Spyder. In the vacuous chasm I call my brain, that snippet of trading wisdom was reasonably well-preserved. However, I couldn't remember which critter he referred to so I picked a duck.

Another benevolent spirit enlightened me as to the error of my ways and so with thanks, the above clarification is added.

The island is called Valdes Island. Google-map it if you wish. We'll be out on Cardale Point. See you all in a few days.

lj

 

[romanus]

Quote from romanus:

I'll keep looking for that elusive 'something'

Quote from makosgu:

... Some will see it, some will not. That is how trading is. Not everyone will get it. Take you what you can leave with what you can take. If that's nothing, so be it...

http://www.elitetrader.com/vb/showthread.php?s=&postid=1325409#post1325409
On that note I wish everybody a great weekend.