Iterative Refinement

[forty6n2]

monitoring practice

 

[teguichilla]

And for the day.

 

[WGTrader]

Quote from PTVtrader:

WG,

I'm having a hard time figuring out where you started your pinkish-brown channel. would you mind telling where your original 1,2,3's for that channel are?

Pt 1 11/12 @ 10:05
Pt 2 11/12 @ 10:45
Pt 3 (fanned) 11/13 @ 10:25

I believe these CO channels have less significance as the day wears on.

 

[WGTrader]

A nice morning followed by a great afternoon. Just incredible. This is my take...

 

[PTVtrader]

Thanks WG ...my light green channel was an area of confusion for me.

 

[Spydertrader]

Again, monitor the correct fractals.

- Spydertrader

 

[romanus]

Quote from Spydertrader:

You must clear this confusion from your mind. Until you do, the confidence required for you to 'know that you know' will remain just out of reach.

Thank you kindly for your continuing support.

Quote from Spydertrader:

... but the sub-fractal movements (or 'faster fractal' traverses) sometimes pass you by. In other words, if the market 'jumps a fractal' you have not anticipated the event.

¡Oy, and I though only beginners are supposed to jump fractals.

As always, the missing ingredient resided right in front of my face, wondering why can't I see it. My linear thinking got me into the trouble again.

 

[PTVtrader]

Spyder,

If you get a chance, could you please answer the questions I have on the attached chart.

tia

 

[PTVtrader]

Also, upon further review , you have(I believe) the 11:10 bar as a pink channel dominant pt 3 which also is a dominant traverse channel pt 2. I wasn't aware that was acceptable.If it is then, I guess the 11:25 OB would be considered non dom?

thanks again

 

[Spydertrader]

Quote from PTVtrader:

If you get a chance, could you please answer the questions I have on the attached chart.

Your posted chart fails to show full, complete, and thorough annotations. I encourage you to place added focus on this area.

With respect to how one can anticipate and / or annotate this area, again, note the differences between your chart and my own - for today.

If you look at the 3 trends (final yesterday, first two of today - blue, orange, olive) as 'faster fractals' my annotations might make more sense. If not, again, I recommend starting to thoroughly annotate your charts from this point forward. After a few reps of doing this, the answers to your posted questions should present themselves quite clearly.

Quote from PTVtrader:

Also, upon further review , you have(I believe) the 11:10 bar as a pink channel dominant pt 3 which also is a dominant traverse channel pt 2. I wasn't aware that was acceptable.If it is then, I guess the 11:25 OB would be considered non dom?

I encourage you look at the thick Gaussian lines during the 10:50 - 12:10 time frame in order to 'see' the situation more clearly.

(All times Eastern and [close of] ES Bars)

- Spydertrader