Iterative Refinement

[ehorn]

Quote from Spydertrader:

Maybe you'll find this helpful: 13:20 to 15:15 begins as a Traverse, but later expands (widens out) into a channel.

HTH.

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

- Spydertrader

Thank you, I will re-review this concept (it appears to be eluding me)

Quote from Spydertrader:

5. A chart screen shot must acompany all comments or questions.

- Spydertrader

Question 1 attached from friday afternoon.

I chose option 1 both on Friday and as the basis for my PFC for this morning.

Thank you for any insights.

 

[Spydertrader]

You've chosen to draw an 'Up' tape to a Down (increasing red Volume) outside bar. Does drawing in a Down tape to the Outside Bar change your perspective? Does beginning your tapes from the Outside Bar change the perspective?

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

You've chosen to draw an 'Up' tape to a Down (increasing red Volume) outside bar. Does drawing in a Down tape to the Outside Bar change your perspective? Does beginning your tapes from the Outside Bar change the perspective?

- Spydertrader

Yes, sorry I am getting sloppy tonight. On that day, I did just that (I think).

http://www.elitetrader.com/vb/showthread.php?s=&postid=2177722#post2177722

and came to the same conclusion (option 1)

 

[guavaman]

 

[Spydertrader]

Quote from ehorn:

Yes, sorry I am getting sloppy tonight. On that day, I did just that (I think).

http://www.elitetrader.com/vb/showthread.php?s=&postid=2177722#post2177722

and came to the same conclusion (option 1)

Now, start the tape from the Outside Bar (not drawing to it) and see if this changes your perspective.

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

Now, start the tape from the Outside Bar (not drawing to it) and see if this changes your perspective.

- Spydertrader

Is this what you mean? I am sorry if I am being dense here.

 

[Spydertrader]

Quote from ehorn:

Is this what you mean? I am sorry if I am being dense here.

Great! Now, of the three possible choices, does the market give you a signal as to which represents the best choice?

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

Great! Now, of the three possible choices, does the market give you a signal as to which represents the best choice?

- Spydertrader

At this point I only see 2 possible choices... Either it is PT3 or it is not... Either my thinking is correct or it is incorrect...

I am guessing it is incorrect, but I do not know why.

I do not see choice 3...

 

[Spydertrader]

Quote from ehorn:

I do not see choice 3...

Three ways to annotate. You are currently focused on the result of the annotations. Until you understand the correct M, you cannot jump to A or D. So, one step at a time. Three posible choices for annotations. Line them up side by side. See which the market indicates is correct.

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

Three ways to annotate. You are currently focused on the result of the annotations. Until you understand the correct M, you cannot jump to A or D. So, one step at a time. Three posible choices for annotations. Line them up side by side. See which the market indicates is correct.

- Spydertrader

Based on my understanding (at this time) Option 1 is what the market has indicated. Unfortunately, I do not understand what I am missing here nor can I summon the resources (much as I wish) to perform your request.