Iterative Refinement

Quote from ljyoung:

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.



I thought you had it right. If you slide the open to line up with yesterdays close the sequence played out as it always does.
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Quote from workwithus:

...my ability to trade my plan and have excellent money management...

Hi workwithus,
Could you share your money management for trading ES, using Jack Hershey and Spydertrader method. TIA!
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Quote from ticktrade:

Quote from ljyoung:

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.



I thought you had it right. If you slide the open to line up with yesterdays close the sequence played out as it always does.
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I agree that your way is another way of dealing with the ^%*$^ gap.

lj
 
Quote from ticktrade:

(lj) I thought you had it right. If you slide the open to line up with yesterdays close the sequence played out as it always does.
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I can't correlate your chart with your statement ... Where are 1-2-3 on your snippet?
 
Quote from charts:

I can't correlate your chart with your statement ... Where are 1-2-3 on your snippet?
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Sorry I should not have posted that. I was only trying to show the sequence with gap removed.
I do not use that software during the day.

You dont even want to see my charts. I posted one a bit ago, it started out as a drill. I have continued that and figured they are not consistent with this thread so wont be posting them here.

I did not come up with anything new. All I annotate and care about at the moment are sequences, completion without continuation and change.
I blended tapes and gaussians into my trendlines instead of traverses and channels.
I've been putting them in a blogspot. That makes it easy to scroll through and work out a more efficient way to annotate.
 
Quote from ljyoung:

The 16:00 bar showed completion and a change signal, so I think we are at the start of a new uptraverse in a new uptrend.
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Clearly this is NOT correct. We gapped up and then made a new low compared to yesterday's low. Again, this is OE week so shite happens.

I still use laterals and again as Spyder has said, when he used laterals, the market will tell you whether or not you should or shouldn't have used one. So if I start a lateral with the 15:45, high volume, penetrating IBGS, then we do not generate a change signal and thus are incomplete at EOD yesterday.

Although I'm sure some of you have figured out what is going on this AM, I haven't and will STFU until there is some clarity, which at the best of times may still be a murky pool.

lj
 
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