Iterative Refinement

[Spydertrader]

Quote from ehorn:

I cannot visualize 3 levels. I have adjusted 2 levels after debrief. Is this what you were considering when you reviewed? If not can you provide a hint what 3 levels may look like or are you referring to CO, L1, L2?

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2205173>

Quote from ehorn:

I have made an effort to correct those areas. Have I addressed them? If not can you provide some specific areas for further review?

Yes. You have corrected most of those areas I viewed before. However, one which you may want to review: Down Black stops at 13:00. Up red begins at 13:00.

Quote from ehorn:

It was a thing of beauty today and a great call last evening! Maybe we can get you to do that more often...

I slide one in now and then, and I appreciate the sentiment, but I don't want to give the impression that anything mystical or magical is taking place here. Everyone should have the exact same ability to know what must come next. In other words, this isn't great, unbelievable or astonishing. It's mundane, average, run of the mill, everyday type stuff.

You all have the ability to do the exact same thing. You just don't realize it yet.

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

- Spydertrader

 

[Spydertrader]

Quote from romanus:

Am I close?

For this specific example, yes.

- Spydertrader

 

[ehorn]

Quote from Spydertrader:

...Yes. You have corrected most of those areas I viewed before. However, one which you may want to review: Down Black stops at 13:00. Up red begins at 13:00.

- Spydertrader

Thanks for highlighting the 3 levels and clarifying the gaussians. I will study those more closely.

Quote from Spydertrader:

...I slide one in now and then, and I appreciate the sentiment, but I don't want to give the impression that anything mystical or magical is taking place here. Everyone should have the exact same ability to know what must come next. In other words, this isn't great, unbelievable or astonishing. It's mundane, average, run of the mill, everyday type stuff.

- Spydertrader

As a spaniard once said... "Easy for you... Difficult for me senior"

But seriously, we are getting there.

Have a great evening Spyder.

 

[Jander]

12/3 EOD

 

[PTVtrader]

Quote from Spydertrader:

Now, I understand your question.

In the afternoon, the green lines start as a Traverse, and then the traverse grows to a channel. The actual point Two of the Channel will develop on the FTT of the Dominant Traverse (blue). In the morning, the trend starts as a traverse and remains a traverse (but creates an accelerated Traverse within it).

HTH.

- Spydertrader

I'm having a real hard time understanding how one is supposed to know how this traverse grew into a channel.Does the traverse slope play a part?I can't remember a time when you had talked about this. Any additional clarity on this would be much appreciated.

 

[whodat]

Quote from Spydertrader:

Back then, we did not have as a goal to remain on one trading fractal. Now, the goal is to know when one has 'jumped fractals' because 'jumping fractals' isn't, in and of itself, a bad thing (one can actually profit more by doing so), but 'jumping fractals' without knowing one has done so, can lead to disaster.

In other words, when one uses a variety of tools (coarse, medium, fine, etc.) 'change' signals develop prior to the completion of sequences on the slower fractals. Today, we focus our efforts using only the ES five minute chart. In addition, making decisions once a sufficient data set has materialized, based on finer tools, results in actions taken Intra-Bar. For the better part of this Journal, we have focused taking appropriate and timely action at end (close) of bar. As such, we only care to locate change after the completion of sequences.

Since we now want to locate a completed sequence, and we also want to remain on the same trading fractal throughout the day, what works Intra-Bar and with finer tools may not necessarily work properly using only the five minute ES at end of bar.

I started reading the first two equity journals a couple of years ago and then read about half of the futures journal. I never had a clear understanding about some things and I stopped. I started a couple of weeks ago reading CFBW, BMBW and the pdfs that Pr0crast did. Then I decided to start over with the first equity journal. I've also been reading this journal to keep up with the latest.

Tonight I saw the above statement and it sounds like maybe you're teaching things a little differently now. Where would you suggest that I start?

Thanks,

 

[Spydertrader]

Quote from Jander:

12/3 EOD

Very nice. If you annotated this in real time, you should be well on your way to achieving your goals.

Quote from PTVtrader:

I'm having a real hard time understanding how one is supposed to know how this traverse grew into a channel.

Start with the previous down traverse. Where is the right trend line? Now, locate the Point Two of the Traverse in question. Note its location with respect to the previous down traverse RTL. As such, one knows an accelerated traverse is about to form (in order to place a Point Two in the correct location). Since a channel has ended (and another is about to begin), and since we know an accelerated Traverse is about to form, we know what started as a traverse, is about to widen out and become a channel.

Quote from whodat:

Tonight I saw the above statement and it sounds like maybe you're teaching things a little differently now. Where would you suggest that I start?

Everything is exactly the same as it was only now with an emphasis on one trading fractal and only taking action at end of bar (close). The best place to start is to learn to annotate a chart thoroughly and correctly. Once you learn to thoroughly and correctly annotate a chart, applying the methods to futures or equities becomes a matter of personal preference.

Review last year's Futures Journal (Procrast's documents should provide a nice primer) especially the main monthly posts (someone posted a link to all such posts early in this thread or at the end of last year's thread). No need to go beyond Trend Lines and Gaussians (with the possible addition of flaws and formations from last fall) until you can fully grasp the Monitoring Portion of the M-A-D-A process.

HTH.

- Spydertrader

 

[guavaman]

I only traded / annotated the middle of the day.

 

[Jander]

Quote from Spydertrader:

Very nice. If you annotated this in real time, you should be well on your way to achieving your goals.

Unfortunately work intervened most of the day, but hindsight seems to be getting closer to realtime annotations lately.. Thanks for your continued support

 

[Spydertrader]

Quote from guavaman:

I only traded / annotated the middle of the day.

Spend some time reviewing your Gaussians. They are off just enough to possibly cause you a problem or two.

- Spydertrader