Iterative Refinement

Quote from charts:

... just bouncing opinions
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Opinions are great. They keep us humble when we incorrectly interpret something. What I was referring to in my statement of agreement with 'ehorn's tape rundown' is that speed bumps aside (the 15:05 is a pennant BO), why does the 15:15 not confirm the P3? Then what we are looking for is a break of a tape RTL which doesn't come till 15:35, presaged by the Type I JW at 15:30.

lj
 
Quote from ehorn:

Oh I deserved those (and more)! Especially given my recent posts... :)

I know what I am asking from Santa this year... The ability to correctly monitor...
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... try the drill I've suggested to dkm ... it can be an eye-opener :)
 
Quote from ljyoung:

Opinions are great. They keep us humble when we incorrectly interpret something. What I was referring to in my statement of agreement with 'ehorn's tape rundown' is that speed bumps aside (the 15:05 is a pennant BO), why does the 15:15 not confirm the P3? Then what we are looking for is a break of a tape RTL which doesn't come till 15:35, presaged by the Type I JW at 15:30.

lj
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... 1515 was the lateral BO, and also a long bar with small overlap :)
 
from ehorn P.S. I believe the CO lateral was critical to knowing which fractal a trader found him/herself operating on this morning.
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I know that you do ehorn. What I'm asking you is why it is so critical to you. The distinct possibility exists that you know something I don't and I'm just asking you what that something is.

lj
 
Quote from charts:

... try the drill I've suggested to dkm ... it can be an eye-opener :)
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I have performed those drills, But this method implies Price and Volume. So You cannot seperate them IMO without the addition of other indicators and/or a specific context provided.

P.S. I have to give you a lash on your channel addition to dkm's chart (IMO , that is not correct) :)
 
Quote from PTVtrader:

Spyder,

Is the orange trendline starting point accurate?

Does the gray trendline "matter" as far as anticipating where price has to go to get to pt 2? or does the break of the pink trendline satisfy the sequence?

tia
...
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1. on my chart it started one bar earlier
2. don't think so
3. don't think so

... try drawing finer tapes and channels (in the generic sense) :)
 

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Quote from ljyoung:

That's the whole point dude. What if one didn't use the lateral?

lj
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... the point was not to use laterals ... incorrectly :), but I've also underlined that it was a long price bar that suggested there's some more to follow:)
 
Quote from ljyoung:

I know that you do ehorn. What I'm asking you is why it is so critical to you. The distinct possibility exists that you know something I don't and I'm just asking you what that something is.

lj
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No, Spyder has correctly stated that we all know... We just may not have assembled the pieces yet (please include me in this camp for now) :)

But more specifically, because we know the rules surrounding laterals and dominance confirmation. So we can know that if we do not see a confirmation then what we are seeing is something else.
 
Quote from ehorn:

I have performed those drills, But this method implies Price and Volume. So You cannot seperate them IMO without the addition of other indicators and/or a specific context provided.

P.S. I have to give you a lash on you channel addition to dkm's chart (IMO , that is not correct) :)
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... I disagree with your P.S. ... look at gaussians ... :)
... that drill's point is not to separate price and volume but to better understand their correlation, and to learn to avoid inventing gaussians based on the perception of how the price moved ... we've recently agreed to keep an open mind :)
 
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