Iterative Refinement

Quote from PointOne:

I've been happily extracting with my current level of understanding
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I have no intention of disputing this statement. I am certain Point One's assertion is accurate. However, from my own perspective I don't see how this is possible.

My experience tells me that if one does not understand every facet and angle of this method you are setting yourself up for big problems. Again, I am not disputing Point Ones claim, but I am trying to understand how one can trade this method without possessing a full and complete knowledge of it. I have a reasonable understanding of the method; meaning more than some and less than others, but I have no dillusions that I can actually trade real money. On a routine basis some of the things that I know for sure just ain't so. So profits evaporate and losses pile up.

This is my point/question. How can one trade with real money/time without a full accounting of the method and the confidence that would accompany it? Are you just very quick to exit? Are you ultra selective in the set ups chosen?

Any thoughts appreciated.

-guava
 
Quote from guavaman:

I have no intention of disputing this statement. I am certain Point One's assertion is accurate. However, from my own perspective I don't see how this is possible.

My experience tells me that if one does not understand every facet and angle of this method you are setting yourself up for big problems. ..
Any thoughts appreciated.

-guava
More...
could it be that he may not understand 'every facet and angle' but he understands some money making 'facet and angle'.
 
Need to debrief this chart as some things are not adding up for me :) and my tapes got washed out in the afternoon "HVS?".

PFC has me looking for non-dom movement completion to dom and complete final down traverse.
 

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