Iterative Refinement
- Thread starter Spydertrader
- Start date
For the day.
1. This effort falls well short of thoroughly annotated. Time for a decision. Thoroughly annotated charts provide all the answers - Yes or No? At 2:58 PM I posted this ...
After your chart had annotations indicating the market had already reached Point Three, the real Point Three appeared 45 minutes later. I knew and you didn't. Yes or No?
This is also the second such clue I have provided in as many days (See 'getshort' attached file, and note the time and bar of that screen shot).
You aren't a stupid person. You've catagorized and sorted every syllable I've ever posted, and have superior organizational skills. However, right now the only thing hold you back (and anyone else who has allowed their ego [or whatever other reason] to prevent them from a undertaking a thorough review of Monitoring) is you.
Get off the stick, man. You can do this. Your problem begins and ends with monitoring. Fix that, and the rest of the dominos all fall right into place.
2. You are still jumping fractals without realizing it. No more laterals until you can learn to stop jumping fractals without knowing you have done so. Where you would normally have placed a lateral, you must now use tapes.
3. Hopefully, your answers to the Yes or No Questions above should show you the logical 'next step' for you to take. If not, let me know. I have a golf bag full of two by four lumber.
- Spydertrader
Very Close.
1. Morning Gaussians are off. R2R develops prior to your annotation. B2B needs to be futher to the right (later in the day).
2. Your technique for tape, traverse and channel annotation doesn't show up as consistant on your chart. In other words, you alter how you place trend lines, not based on context changes, but based on some (what appears to be) arbitrary rule set. Make sure you consistantly use the same guidelines when applying the same context.
HTH.
- Spydertrader
Not that I get them right normally, but reviewing my work I notice extreme sloppiness...
I will re-post a cleaner version...
Thanks for the feedback!
OK, here is my cleaned-up version...
Near Perfect. However, you need to focus a bit more on your Gaussians:
1. In the morning, you should have the ability to 'see' three levels of Gaussians prior to 12:00. Subtle differences exist here. The market is speaking in order to alert you where landmarks need to go. You only have two levels of gaussians in areas where three levels are required.
2. You often stop annotating your Gaussians in a dominant fashion and begin a non-dominant cycle earlier than the market has indicated.
3. Remember to match the correct Gaussian level to the correct trading resolution level. By doing so, you'll easily see how Volume leads Price on each and every day.
Always nice to see a plan come together, isn't it?
- Spydertrader