Iterative Refinement

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.

This is my belief as well DKM
 
Quote from romanus:

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

OK to be completely fair here - Icarus' comments were in a pm to me. I reposted his pm with permission in order to answer another posters question - so that I wouldn't mess up or lose any details in a translation.

He and I have had communication in the past, so he had a basis on which to build his comment - to me - around. If his comment didn't work for you, then there is unfortunately, not much I can do about that, other than to apologize for causing confusion.

-Au
 
Quote from Aurum:

OK to be completely fair here - Icarus' comments were in a pm to me. I reposted his pm with permission in order to answer another posters question - so that I wouldn't mess up or lose any details in a translation.

He and I have had communication in the past, so he had a basis on which to build his comment - to me - around. If his comment didn't work for you, then there is unfortunately, not much I can do about that, other than to apologize for causing confusion.

-Au
No need to apologize. I asked for clarification, and I got it:

http://www.elitetrader.com/vb/showthread.php?s=&postid=2031092#post2031092

Quote from icarus618:

...
It doesn't make reference to any bars. It refers to the periods prior to and following the entry.

Like I said before the water is wet and can be distinguished from piss by smelling first. Tasting is not recommended.:D
 
romanus & guavaman - sorry for butting in. To clarify, I have no objection to Spyder narrowing the discussion however much he wants. I value his posts and this thread. I value icarus's posts as well.

If all a person gets out of Jack's writing is an occasional gold nugget, then I'm not surprised that their reaction to icarus's posts is different than mine as well. To each his own.

Good trading.
 
Quote from esjockey:

...

If all a person gets out of Jack's writing is an occasional gold nugget...
Just to clarify my position on this issue. One gets much, much more than an occasional gold nugget out of Jack's writing.
Quote from esjockey:

... I'm not surprised that their reaction to icarus's posts is different than mine as well.
I don't have a problem with icarus's posts. I simply do not tolerate bullshit that's all. Life's too short to put up with it. If moderators are not happy with me being vocal about my dislike of "responses in lue of answers" - they can delete my posts.
 
Quote from dkm:

ES 20080912

Can anyone spot a traverse level change signal on 13:15 and 15:40?
My take:

13:15 - failure to break out of FBP, price closes back, lateral continues. I see this type of FTT/LTL bounce quite often.

15:40 - don't see a traverse there. I have R\/R but no B\/R.
 
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