Iterative Refinement

Quote from ljyoung:

I'll tell you romanus, I don't know how long this ff stuff has been around but I can't help but think it's the smart$ way of screwing with Hershey traders.

What the continuing downtrend says to me is that the BO from the FBP at 11:35 was nondom and was not confirmed by further IRV, just like the earlier BO from the FTP at 11:05. Now we just got "P'ed" on which tells me we've got more "post-P" downside.

lj

As I'm typing we're going down.
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My eyesight failed me again. Missed 1115 closing inside the pennant (I think I should start drawing laterals again :D )- all red incr volume bars are non-dom. Definitely weren't done, when I though we were done.
 
Chart so far today.....still heading down inside the big carryover channel from yesterday. I saw three traverses that turned into a pt 3 down channel within the superchannel. Then the RTL of that channel was broken on IBV at 12:55. I left out alot of (vocabulary word) annotations so the chart would not look so cluttered. Comments appreciated.......
 

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Quote from romanus:

My eyesight failed me again. Missed 1115 closing inside the pennant (I think I should start drawing laterals again :D )- all red incr volume bars are non-dom. Definitely weren't done, when I though we were done.
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I cheat and allow myself pennants. We're real close to that channel LTL and I wonder what's they gonna do.

lj
 
Quote from romanus:

I think I should start drawing laterals again :D
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Feel free to head down any path you choose. However, I encourage you to understand the reasons why I suggested the lateral prohibition in the first place. Perhaps, an extremely helpful (and enlightening) lesson resides there. :)

- Spydertrader
 
Quote from Spydertrader:

Feel free to head down any path you choose. However, I encourage you to understand the reasons why I suggested the lateral prohibition in the first place. Perhaps, an extremely helpful (and enlightening) lesson resides there. :)

- Spydertrader
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Seems like I keep seeing the localized flashes of big picture which suggest why or why not the particular trend run it's course - like none of the 1400 and 1430 being 'real' Point 2 down. But the integrated view of the big picture with all the data from which one can derive a sufficient data set escapes me.
 
Quote from romanus:

But the integrated view of the big picture with all the data from which one can derive a sufficient data set escapes me.
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That is because what you believe you see, does not yet exist at the time you believe you see it.

- Spydertrader
 
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