Iterative Refinement

[guavaman]

Quote from icarus618:

Very little is to be gained by sticking to the narrow viewpoint that 5m bars comprise a complete representation of the market at any given time. To be frank, this whole exercise of insisting on massaging 5m bars (often in hindsight) in ever more complex ways in the hope of attaining some kind of ultimate revelation is silly.

First, congrats on having a carryover channel in place to help you analyze the 12:05 bar of 9-11-08. However, making pious proclamations of what can and cannot be ascertained from a complete and thorough understanding of the method when you obviously do not posses one, is in itself rather silly.

For me, prior to Spyder's assistance, I used to find confusion in all 81 bars. Now I am down to two to three a day that knock me around. Very soon there will be none.

It is completely understandable if your incomplete knowledge of the method causes you to harbor doubts of it's effectiveness, but it is poor form to act as if you speak from a point of authority which you clearly do not.

 

[esjockey]

guavaman - I hope you're not offended if I point out that your post tends to support icarus's view that the current discussion has become very narrow.
His experience with "the method" may be greater than you realize.
If Jack Hershey or Spydertrader feel his posts are detracting from what they are trying to accomplish, I imagine they will let him know.
I, for one, appreciate his sharing his thoughts.

 

[dkm]

so far

 

[Aurum]

Spyder may be unavailable for the next couple of days, due to family commitments. He'll return shortly to his regular posting duties.

-Au

 

[romanus]

Quote from icarus618:

Are you trading live yet? Just curious.

I'll tell you what, since the few us "uninformed and incompetent", "blind leading the blind" "intellectual types", the ones who are left after all the "operational types have dropped off", were trying to figure out what signal for change the 12:05 [close of] bar represents, the same bar that hit the "bule" line. D Sorry, nkhoi, I just could not resist that Freudian slip of phonetic ambiguity).

If you could answer what signal for change that bar represents, I will gladly satisfy your curiosity.

 

[dkm]

Quote from romanus:

If you could answer what signal for change that bar represents, I will gladly satisfy your curiosity.

The more I think about it, the more I am convinced that there was NO signal for change at 12:05. It was a traverse level hold long.

 

[romanus]

Quote from esjockey:

... the current discussion has become very narrow.

Feel free to expand. May I suggest starting with "what signal for change the 12:05 [close of] bar represents"

Quote from esjockey:

... His experience with "the method" may be greater than you realize.

I have a lot of experience with water. It's wet. The wetness is caused by particles of water. Stepping in a puddle without your shoes will make your socks wet. I don't recommend doing it, especially if the water is cold. However a warm puddle may provide some comfort as evidenced by all the kids that like to step in it. The catch is - one only going to find out if the water is cold or warm after stepping in it.

Try washing when volume does not "confirm", and see what happens.
Reporting the results may keep the current discussion from becoming too narrow.

50 min ago we had a Dip on decreasing black volume, or so it seems to this particular "uninformed and incompetent intellectual type".
Well, does the volume confirms there or what.

There's your three paragraphs of describing the " ball park" to the aspiring player. JH can get away with it because he drops a few gold nuggets once in a while, here and there. Anybody else tries that, I am going nail their freaking ass, T28/T666 style.

 

[Mr_Black]

so far

 

[guavaman]

Quote from esjockey:

guavaman - I hope you're not offended if I point out that your post tends to support icarus's view that the current discussion has become very narrow.

I am not offended at all because I don't know what this is referring to. Everyone here is free to accept or reject any comment that is posted by anyone at anytime. I was merely responding to a condescending, holier than thou post by someone who may indeed have intimate knowledge of the method, but clearly does not know how to apply it properly. If he did he would not make such sweeping boneheaded statements.

 

[romanus]

Quote from dkm:

The more I think about it, the more I am convinced that there was NO signal for change at 12:05. It was a traverse level hold long.

I honestly don't have a clue. Nor do I care. It's just one bar out of 81. Few weeks or a month from now I'll figure it out just like I did with this one.
If I do it sooner then you, I'll let you know.