Iterative Refinement

Quote from icarus618:

I think he meant for you to post one of your hindsight charts to clear up his confusion. :p
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Actually, that's not what I meant. And if I did, I would have simply asked.

Quote from icarus618:

He's been hanging on your every word for months now following your advice ...
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Nothing wrong about taking an advice from somebody who knows what they're doing.:D

Quote from icarus618:

... to not move beyond "M" until he's mastered that, whatever that means.
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I think what that means, at least in my case, is that it's very easy to get lost without a map.
 
Quote from icarus618:

Seriously, cut the guy some slack.
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My post was meant as a compliment.

Every time romanus has previously asked a question, he arrived at the correct answer on his own - with only a slight hint from me as to how to locate the correct answer.

In other words, once again he knows the answer already, but has yet to fully make the connection. In fact, he posted it - at the end of his question.

- Spydertrader
 
Quote from icarus618:

... not move beyond "M" until he's mastered that, whatever that means.
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Quote from Spydertrader:

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Again, how I annotate has nothing to do with how I 'see' the market. How I annotate has everything to do with how the market tells me to annotate.

'Seeing' the market is binary. One 'sees' it or one does not 'see' it. Most people really have never 'seen' the market.

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Once again, the market tells the trader how to annotate charts. The market says where to place the Point One, Point Pwo and Point Three.

The trader simply follows directions - drawing lines where told, and pushing buttons as instructed.
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1996311#post1996311


Quote from Spydertrader:

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Charts represent tools traders use to convey information. Only with thorough annotation does the market convey the correct information to the trader.

For example, before 11:00 AM [Eastern Time], the market shows both increasing red and increasing black Volume. One could make a case to draw in channels and traverses in a different fashion than I have shown. However, since the drawing of trend lines does not represent a subjective science, the market must have conveyed something (some information) indicating the correct method.
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http://www.elitetrader.com/vb/showthread.php?s=&postid=1988029#post1988029

Quote from Spydertrader:

... one cannot trade what one cannot 'see.' Once a trader can see what must come next - on each and every bar (with respect to the sequences which unfold as the market moves from point One to Point Two to Point Three on every fractal); once a trader can see when the market has (on the trader's specific resolution level) when the market has indicated the time has come to look for a possible change in mode; once a trader has the ability to know the subtle differences which often determine the difference between continuation and change, then (and only then) has a trader gained the necessary knowledge, skills and experience to actually trade the signals provided by the market.

The market provides the answers, everyone seeks, first and foremost when the trader has correctly completed the Monitoring phase of the M-A-D-A Process. ...
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http://www.elitetrader.com/vb/showthread.php?s=&postid=2001221#post2001221


HTH
 
Quote from TIKITRADER:

I am waiting for signal of change on the traverse, after sequences are completed.
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TIKI,

Did you see your signal of change yet?
The market even knows where paper trading stops are.:D
 
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