Iterative Refinement

[Spydertrader]

Quote from guavaman:

With laterals it seems you are damned if you do and damned if you don't. Seems pretty darn tough to properly account for them bastids.

Rather than react by annotating a Lateral if you see it forming, perhaps looking at a chart in an effort to learn to anticipate the arrival of a Lateral might prove beneficial. Start with a few charts in hindsight - noting when Laterals form (and no I don't mean 'when Price moves between Points Two and Three').

- Spydertrader

 

[ticktrade]

I've been able to anticipate laterals with greater frequency lately but not today for some reason. I tried to work through them today but like I mentioned in previous post some of the change signals IMO were OB that put me on the lateral boundry with no follow through(probably a sign itself) so I had to sit through the sequence. Than I went under the assumption I was right on my analysis and entered or added on the other boundry. Probably just got lucky but it worked. A couple change signals came at spots where I didnt have to do that.

 

[romanus]

Quote from Spydertrader:

...looking at a chart in an effort to learn to anticipate the arrival of a Lateral might prove beneficial.

Start with a few charts in hindsight - noting when Laterals form (and no I don't mean 'when Price moves between Points Two and Three').

I sense something, may be not so obvious, and yet something that has been starring everybody in the face (not unlike the M/W day puzzle).

 

[dkm]

Spot the bar not involved in a lateral......

 

[romanus]

Quote from dkm:

Spot the bar not involved in a lateral......

Technically, your first annotated "lateral" does not fit the definition of one.

 

[dkm]

Quote from romanus:

Technically, your first annotated "lateral" does not fit the definition of one.

Well spotted

 

[Tums]

Quote from dkm:
Well spotted

... it might help to see the big picture if you wait for a Lat killed before starting a new one...
(unless the Lat has an unusually wide range)

 

[gucci]

I do not know, whether my imagination plays an insidious joke with my perception, but somehow the market gets more orderly...

 

[romanus]

Quote from dkm:

Well spotted

The more I try to make some sense out all of this, the more it seems to me that the skill of playing this game is rather critical. And it's not a joke.

 

[romanus]

Quote from gucci:

I do not know, whether my imagination plays an insidious joke with my perception, but somehow the market gets more orderly...

No shit!
Wait till you see three FTT's followed by reversal and pt3 in a row. Then you can ask yourself - what are the odds that my perception plays games with me.

EDIT:

This
is for real.