Iterative Refinement

Quote from gooch87:

Hi lj,
here is what I have for the eod.
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That's what I have too - an incomplete uptraverse. It will be very interesting to see how the bastids open. In academic circles, which quite frankly I'm quite pleased to be done with, "very interesting" = "I really don't have a clue what the open will look like in the AM".

Although this method is difficult at times, we really are fortunate to have something so good. I was reading some PA posts a few weeks ago and the 'mentor' guy was talking about how in his opinion, it was indeed entirely possible for a beginning trader to make $2000/week trading his method and only trading 6 cars a throw. Yoiks! 6 cars = $300/point. This is crazy CW at its worst.

lj
 
Quote from charts:

... do we have a pt3 up? ... are we looking for a pt3 down? ... why? :)
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I don't know what we are doing chartsy-baby but I'm looking for a P2 down - a real P2 down. Let's see what the AM brings and why won't you post your version of the traverse change signals? You gotta learn to chare, man.

lj
 
IMO, one of the most frustrating things to deal with is when the PFC you thought you had in hand blows up the next AM. It sets a crappy tone to start the day off and invariably affects how you trade. My PFC was incorrect as was Gregor's. Who cares. What messed with my brain this AM was ES taking out yesterday's RTH high. YM did not do this.

Explanation: It is OE week and so such games are to be expected and/or I missed something last PM. Until you have the JHM nailed, you have missed something till proven otherwise.

One of my deficiencies, is dealing with the gap. I refuse to believe you can deal with it by pretending it didn't happen. On the other hand spending time grinding gears first thing in the AM trying to figure out whereTF you are and howTF you blew this, is not a useful exercise. A change in tactics is in order.

lj
 
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