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Iterative Refinement
- Thread starter Spydertrader
- Start date
Quote from jack hershey:
This is the key post of the PM.
the chart 4 is annotated to give you a job as a beginner in boot camp. Three intenals that are REALLY impressiv by their stature do test anyone. We called ahead on each one TO MAKE YOU REASON.
YOU ARE LOGING C'S IN MODE AND H IN THE D COLUMN.
As you read the annotations you find out one more time what you job is. Do it and get the pm done.
Once you have the channel surrounding the price and its further movement, you get to the FTT that winds up the channel.
Get pt 3. Get the annotations done and complete the day.
This chart gives you the moment when you MUST follow the principles.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2106884>
Attachments
Damn, of course, the previous day ended on a down channel with signal for change. So one knows what must come next. Thanks for catching that. Appreciate it.Quote from Spydertrader:
I encourage you to review what you know as a result of a 'pre-flight check' prior to the opening bell on the day in question.
- Spydertrader
I am looking at 13:50 [close of] Bar with increasing black volume and I conclude that no permission to seek change exists on 14:30 or 14:35 [close of] bars (the sequence is not completed). I am referring to the pink traverse here:Quote from dkm:
Both 11:15 and 14:50 are signals for change at the traverse level and both are formed inside a lateral. However, it appears that the context for the two signals is different. The fact that 14:50 is an invalid signal means that the traverse sequence cannot be complete at that time. Since both signals appear after we have had confirmation of the traverse pt3 it must mean that the gaussian sequence is not complete at 14:50.
http://www.elitetrader.com/vb/attachment.php?s=&postid=2104145
Quote from romanus:
I am looking at 13:50 [close of] Bar with increasing black volume and I conclude that no permission to seek change exists on 14:30 or 14:35 [close of] bars (the sequence is not completed).
How does the increasing black vol at 13:50 help you conclude that the sequence is not complete at 14:35?
The 'crude' logic I am using here is as follows: (1) the market is in non-dom retrace of the down traverse, (2) there are only 3 cases where increasing non-dominant volume found when price is moving from pt2 to pt3, (3) 13:50 [close of] bar is not one of them. 1+2+3= therefore we have not reached pt3 at the end of this retrace.Quote from dkm:
How does the increasing black vol at 13:50 help you conclude that the sequence is not complete at 14:35?
It's not very elegant verbalization, but I notice this type of situation over and over again.
The ultimate answer lies, I believe, with how Gaussian lines track dominant vs non-dominant Price Movement.
Two posts I think may provide the final piece of the puzzle:
http://www.elitetrader.com/vb/showthread.php?s=&postid=2087295#post2087295
http://www.elitetrader.com/vb/showthread.php?s=&postid=2105207#post2105207
I don't have the clear picture of an elegant rule here, but I am working on that.