Iterative Refinement

Quote from Spydertrader:

You have yet to fully differentiate that which you believe you see, from that which, the market has indicated actually exists.
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I agree, there are several areas where I know I do not know. Many times I can "feel" my way through, but not fully differentiate and define my way.

Too much focus on any one puzzle piece prevents the trader from ever seeing the entire picture. [/B]
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Guilty as charged. I was convinced that my problems Friday were PA related (one of the areas I can mostly feel but not define). As a result I spent the entire weekend focused here instead of on a larger context that I missed.


Focus on the leading indicator of Price.[/B]
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I missed something Volume was saying.

I only noticed one chart which had the context somewhat correct - not perfectly correct, but close enough for government work.

- Spydertrader [/B]
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I will review again the posted charts and focus on the differences compared to my chart.

Thanks very much for the guidance. :)
 
Quote from guavaman:
My read is that we...
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Quote from guavaman:
My apologies for contributing to any confusion...
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No problem Guava, I really appreciate your analysis, and it did clear up some confusion for me.
I'm now confused in an entirely different way - I did anticipate the morning up but not in this way. Oh well.

:)
 
Until recently, I believed one could understand the right side of the market by the completion of sync regardless if you properly conducted a PFC. This is incorrect.

Without a complete and correct understanding of where we are at the EOD of the previous day, you are setting yourself up for some serious problems the next day by not knowing the right side of the market and where we are in the sequence on the traverse and channel level.
 
Quote from guavaman:

Until recently, I believed one could understand the right side of the market by the completion of sync regardless if you properly conducted a PFC. This is incorrect.

Without a complete and correct understanding of where we are at the EOD of the previous day, you are setting yourself up for some serious problems the next day by not knowing the right side of the market and where we are in the sequence on the traverse and channel level.
More...

I agree with you gman, 100%. Like Maria Bartiromo says. "... 3 PM to 4 PM is the most important hour of the day."

lj
 
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