Iterative Refinement

Remember, When Price transitioned from Point One to Point Two the market already established dominance and non-dominance. The trader simply now monitors in an effort to know when the market has returned to dominance. In addition, WMCN does not mean "what the market must do on the next bar." WMCN means "what must develop in order for the market to complete the next sequence."

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2116923>
 

Attachments

One thing has ended, and soon, a new thing begins (wash, rinse, repeat).

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2116954>
 

Attachments

At the close of the day, the trader knows what has transpired up to this current point in time, and as such, the trader also knows what has yet to develop - WMCN.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2117045>
 

Attachments

Thanks for the drill answers, Spyder... as with Tiki, looking forward to part II.

However, rather than providing clarity, it seems to have generated a different level of confusion for me.

As an example, I attach my AM chart for today, based on the above explanations of dominance and non-dominance.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2117692>
 

Attachments

Quote from Neoxx:
...However, rather than providing clarity, it seems to have generated a different level of confusion for me.
More...
I don't see any 1-2-3 or D/N anywhere... :confused:



p.s. is that auto-gaussian?
 
Quote from Tums:

I don't see any 1-2-3 or D/N anywhere... :confused:
More...

That's my confusion... using the above explanation, I haven't been able to qualify any points as 1, 2, or 3.

p.s. is that autogaussian?
More...

Not auto-gaussian... my attempt at labelling the bars as Dominant or Non-dominant.
 
Again, you might not know if a bar represents dominance or non-dominance, but you can certainly recognize when something appears different than in the past .... "What wasn't that?" In addition, yesterday saw the creation of a dominant Trvaerse within a channel. This morning we have a non dominant traverse forming after the 'change' bar (two). What must come next?

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2117754>
 

Attachments

Quote from Spydertrader:

Again, you might not know if a bar represents dominance or non-dominance, but you can certainly recognize when something appears different than in the past .... "What wasn't that?" In addition, yesterday saw the creation of a dominant Trvaerse within a channel. This morning we have a non dominant traverse forming after the 'change' bar (two). What must come next?

- Spydertrader
More...

Thanks for the clarification, Spyder.

p.s. the black line was actually the unadjusted LTL of my 15 min channel.
 
You must log in or register to reply here.
Back
Top