Iterative Refinement

Quote from romanus:

And how we are suppose to 'know' that the down channel is being built? Any thoughts?
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Because the market told you at EOD on Friday what it planned to do on Monday.

- Spydertrader
 
Quote from Spydertrader:

Because the market told you at EOD on Friday what it planned to do on Monday.

- Spydertrader
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I don't get the logic here. On Fri we had down traverse followed by up traverse. The up traverse did not have the sequence completed and the day ended in lateral formation. One would expect, according to Pre-Flight check, completion of the sequence for the Fri's blue up travers and the signal for change.

Instead we get down traverse today. When the sequence is is completed and we have lack of continuation on 11:35 bar we start building an up traverse.

So if there exist a prior indication of what is anticipated today, as you commented, then this up traverse is known to be non-dominant in the down channel.

Proper application of Pre-flight check remains a great mystery to me.

As far as the rest of today 12:15 to eod - I don't even want to bring it up. I am getting acid reflux just by looking at it and trying to think how to annotate this mess of faster fractal traverses.
 
There will be no chart posting today b/c Guava has been and remains utterly befuddled by today's action.

Additionally, having taken a break for the Thanksgiving holiday, I underestimated the deterioration in my tolerance levels for angst and frustration during trading. Along with rudimentary knowledge of the JHM, I have to build that base back up too :p.
 
Quote from guavaman:

... Guava has been and remains utterly befuddled by today's action.

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I have another word, actually a few words to describe somewhat similar feeling I am experiencing, but I am going to restrain myself from expressing, as they are somewhat offensive.
 

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