Iterative Refinement

Quote from gucci:

I.., isn't the construction of a channel a redundant one?

Edit: What do we need the channel lines for?
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good question when you re at expert level you trade from traverse to traverse or tape to tape thus you don't concern yourself with channel any more.
 
Quote from gucci:

I have a question, perhaps a stupid one. If a channel MUST? consist of only three traverses and after the third (dominant) one the market MUST? build the next channel, that MUST? consist of three traverses as well, isn't the construction of a channel a redundant one?

Edit: What do we need the channel lines for?
More...

There must be at least three traverses to form a channel; however, there is no upper limit. As long as PA is in action, the channel will be maintained.

M.
 
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