Iterative Refinement

Quote from Spydertrader:

I rather enjoy watching the market answer your questions (mainly because it saves me loads of typing :) ) - especially when the answers arrive less than 12 hours after someone posts.

- Spydertrader
More...

As Beelzebub's lawyer, you have earned the right to sit back and chortle as this noodnik thrashes about trying to find sense in the nonsense. Where sense is what the market is saying (always remembering that the market is run by the minority - the smart money) and nonsense is what is generated when I perceive what the market is saying, incorrectly.

It is great fun to be getting closer to the sense. Jack has said that pace is the leading indicator and that is what is driving my current train of thought.

lj
 
9-19 10:20 close of
?? If one were to annotate a lateral beginning with that bar - 11:50 close of on increasing black would be the first bar to close outside of that lateral and as such no pt3 yet ??
 
Quote from romanus:

9-19 10:20 close of
?? If one were to annotate a lateral beginning with that bar - 11:50 close of on increasing black would be the first bar to close outside of that lateral and as such no pt3 yet ??
More...

While I did not annotate in the same fashion as you describe, a reason exists which allows you to place somewhat different annotations on your chart, yet also, creates an environment where you arrive at the exact same place as I. In short, one part of your brain 'sees' it, but that part hasn't bothered to let the other parts of your brain in on the reason just yet. See attached, quick and dirty, rendering of your description above.

- Spydertrader
 

Attachments

After reviewing an earlier thread is the following correct?

UPTREND
Increased Black V with increased P = increase in P = Continuation
Increased Black V with decreased P = decrease in P = Change
Decreased Black V with increased P = decrease in P = Change
Decreased Black V with decreased P = increase in P = Continuation


DOWNTREND
Increased Red V with increased P = increase in P = Change
Increased Red V with decreased P = decrease in P = Continuation
Decreased Red V with increased P = decrease in P = Continuation
Decreased Red V with decreased P = increase in P = Change

If not could you please inform me of the changes needed.

Thanks
 
You must log in or register to reply here.
Back
Top