Iterative Refinement

Quote from PTVtrader:

I'm a bit confused here...shouldn't pt 1 of a new up channel start today at 10:05...pt 2 at 11:20 and pt 3 at 14:10.

Nope. Yesterday @ 14:30.

Quote from PTVtrader:

I can understand why you can anticipate that a new up channel is going to begin(breakout of multiday red down channel) but doesn't the actual up channel start today?

Again, no.

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

- Spydertrader
 
Quote from Spydertrader:

As they should.

Your 'dotted' red lines mirror the signals provided by the market. Now, time for you to figure out why and how one part of your brain recognized the correct answer, while another part of your brain was busy posting 'confused' icons. :D

The dotted red TL's represented my initial annotations that I redrew. Once you confirmed Tictrade's Gaussians were correct that rendered mine incorrect and the B2B actually occurred from 10:05 to 11:00 and a Pt3 at 11:15; and not as I initially annotated a B2B at 10:05 to 11:20 with a Pt3 at 11:50 thus the dotted red lines :).

These are the type of mistakes I am really trying to eliminate. I would say that they represent the last obstacle to me going live, but history has taught me better :D. They would however make determining the right side of the market infinitely easier. :p
 
Quote from forty6n2:

Revised chart - this time no R2R in an up channel :)

Better. But you still need to fix the Gaussians in the Up Traverse (Blue Trend Lines). You've jumped fractals within it. Remember, Gaussians mirrir what builds the thing which describes the trading resolution level. If a trader plans to jump fractals, then the gaussians must mirrir this fractal jump (see my chart from yesterday, and note the various 'levels' of Gaussians.

- HTH.

- Spydertrader
 
Quote from Spydertrader:

Better. But you still need to fix the Gaussians in the Up Traverse (Blue Trend Lines). You've jumped fractals within it. Remember, Gaussians mirrir what builds the thing which describes the trading resolution level. If a trader plans to jump fractals, then the gaussians must mirrir this fractal jump (see my chart from yesterday, and note the various 'levels' of Gaussians.

- HTH.

- Spydertrader
Will do.
Thank you for the feed back.
Mike
 
Quote from guavaman:

The dotted red TL's represented my initial annotations that I redrew. Once you confirmed Tictrade's Gaussians were correct that rendered mine incorrect and the B2B actually occurred from 10:05 to 11:00 and a Pt3 at 11:15; and not as I initially annotated a B2B at 10:05 to 11:20 with a Pt3 at 11:50 thus the dotted red lines :).

I may have inadvertantly clicked on the wrong chart when responding to your post. For clarification purposes, a Point Two of a Traverse develops at 11:20, and a Point Three of a Traverse arrives later - at 11:55. I apologize for any confusion caused by my error.

HTH.

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

- Spydertrader
 
Quote from romanus:

Repost of chart

1. The morning Gaussians don't have the trough of the B2B in the correct location. The B2B ends correctly.

2. The market has not signaled a down channel as indicated by your chart.

3. The market has not yet reached an up Traverse currently.

4. No 'lateral traverse' exists today.

5. To fix these issues, begin by not drawing a single lateral, and beginning to learn why you have annotated one way in the mroning, but a different way in the afternoon.

HTH.

- Spydertrader
 
Quote from Spydertrader:

1. The morning Gaussians don't have the trough of the B2B in the correct location. The B2B ends correctly.

2. The market has not signaled a down channel as indicated by your chart.

3. The market has not yet reached an up Traverse currently.

4. No 'lateral traverse' exists today.

5. To fix these issues, begin by not drawing a single lateral, and beginning to learn why you have annotated one way in the mroning, but a different way in the afternoon.

HTH.

- Spydertrader
Sorry, I removed it - something didn't feel right. Here's the removed chart attached, so that your comments make sense to those who read it.
 

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