Iterative Refinement

Quote from romanus:

I once asked Spydertrader if his red point three down here: http://www.elitetrader.com/vb/attachment.php?s=&postid=1986501
was suppose to have incr volume. He told me to set aside what I think I know , which I am still trying to do.:D

It's not the answer that I like, but it's the only one I got.
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It's easy for an instructor to set aside what you think you know. He just says, watch me and you copy. Seeing destroys mental blocks. Trying to differentiate your mind is Zen. Good luck!

I respect Spider for his effort in helping others and if that's the level you want to attain, that's setting a personal goal based on empirical evidence.

I respect Neoxx for all his effort. I expect he too in time will get close to that level. However from his praise of SCT I can see he expects nirvana.

I do not respect Jack for outlandish claims for SCT that are verging on lunacy. There is zero empirical evidence and Jack refuses to walk the walk.

It is badly flawed an totally impossible to achieve what Jack claims by using SCT. That is not an opinion. It is a fact that no one can disprove because it is... a fact.

It is possible to do x3, but never by using Jack's SCT.

Will Jack or anyone prove me wrong? Just one day X3 live?

That's asking for empirical proof.
 
Quote from ljyoung:

Empiricism means doing something which works without understanding why it works.
lj
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Hey I'll not argue over the understanding. I have things that work and I have little or no idea why they work. All I know is they work. Over and over they work.

So SCT does x3? Show me the empirical proof - please.

I'll buy you lunch :)
 
Quote from ljyoung:


1. Where's the P2 of the 5 min ES traverse? 935 3/6
2. I don't know what you mean by an accelerated traverse or what it looks like. I've heard this term used before by you and others and actually asked you what it exactly means. You said it follows a VE. Can you show me an example? 12/20/08 shows an example of two accel traverses, brown point three down and second blue point three up Are VE's ALWAYS followed by this sort of traverse? I have yet to find a dominant 5 min ES level traverse which doesn't have an accel traverse following a VE How can you say the sequence is incomplete if you don't have this accelerated traverse? we continued with down trend on 3/6 instead of building an up channel - so, obviously, for whatever reason, the sequence was not completed 3/5 eod. Personally, I can't find any other reasons for sequence not being completed, but I could be wrong, and I have been wrong before - so it wouldn't be the first time What is the fractal level of an accelerated traverse? same as the traverse that is being accelerated by VE
3. Are you saying that the 15:45 JW I change signal is invalid? IMO all signals are valid, but it's their location in the sequence that determines what comes next
4. If the channel starts at 15:35 on 3/4 and then gets shifted upwards today then why can you say that the 'new' P2 for the channel is at 11:05? I understand that that is where the P2 for today's downchannel but today's downchannel is distinct from yesterday's downchannel. If the assumption is that yesterday's down channel was not completed then today's down channel would be continuation of yesterday's down channel

OR

Are you saying that the construction which began at 1:20 PM yesterday is a channel NOT a traverse;IMO, what starts at 1320 is a second dom traverse of the channel, which doesn't appear to be completed to me due to lack of accel traverse after VE @1540, which also appears to me to be the reason why the down channel was not completed on 3/5 that there was a VE of this channel;I see 1100 on 3/6 being VE of the channel that because this VE wasn't followed by an accelerated traverse then 15:45 is a P2 for the smaller I would phrase it as an original channel channel and then the rest of the stuff you talked about follows from the 'new' P3 you've created? yes, p3 being 950 on 3/6

This whole argument hinges on the 'accelerated traverse' thingy correct and so another question would be what would things have looked like if there was an accelerated traverse yesterday? if there was an accel traverse yesterday completed with signal for change, we would have started building a new up channel as we did this Fri., of course this is just my opinion and I could be wrong
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In other words, this whole thing appears to me to be a case of channel RTL breach prior to sequence completion simply requires a slight 'fan' of the trend channel in order to accomodate the changing slope of the money velocity.
 

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Quote from yoohoo:

Hey I'll not argue over the understanding. I have things that work and I have little or no idea why they work. All I know is they work. Over and over they work.

So SCT does x3? Show me the empirical proof - please.

I'll buy you lunch :)
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Actually the record is 6X, set by Spyder if I'm not mistaken, on a non-trending day, if I'm not mistaken. Now the question is knowing what you know about the method, is it possible for an expert/meta-expert practitioner of the JHM to do that? You've already answered that. I haven't though and my answer is unequivocally, 'yes'.

Can I do such a thing right now? No, but I'm working on it and when I do it, I'll print my blotter and then you may buy me lunch, as long as it is rigorously non-vegan.

lj
 
Quote from yoohoo:

...asking for empirical proof.
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I have obtained the proof that is sufficient for me by studying the charts. The measure of sufficiency may be different for you, which is OK by me.
 
Quote from romanus:

I once asked Spydertrader if his red point three down here: http://www.elitetrader.com/vb/attachment.php?s=&postid=1986501
was suppose to have incr volume. He told me to set aside what I think I know , which I am still trying to do.:D

It's not the answer that I like, but it's the only one I got.
More...

That was such a great post romanus. I looked at that sucker for a long time trying to figure out what he was saying to you.

As I said last night I believe it is a 'transitional lateral' where the dominance changes within the lateral. His Gaussian profile shows a change in 'red' sentiment and I know I've heard him talk about the idea that a change in nondom (in this case 'red' dom to 'red' nondom) signifies a coming change in dom, which is what happened. On the other hand as we move out of the lateral and up the traverse there are a couple of intriguing things going on, e.g., the pair of B2B's and the black up - black down Gaussian peak which does NOT go on to a traverse sentiment change, presumably due to lack of traverse sequence completion. There may have been a sentiment flip/reflip on a faster fractal though. I'm still thinking about his B2B assignments.

Now I see you've answered my long blab from last PM, so having finished chanting and whirling about, I'm going to have lunch with yoohoo and go carefully over what you have said. Talk with you later.

lj
 
Quote from romanus: 12/20/08 shows an example of two accel traverses, brown point three down and second blue point three up
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Romanus,
Do you have a link for this chart or corrected date? (it's a Saturday)
Thx - E Z
 
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