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Iterative Refinement
- Thread starter Spydertrader
- Start date
Recently, Jack made an analogy between reading a chart and reading a music score, also known as sight-reading.
Coincidentally, I just came across this passage from 'Super Sight-Reading Secrets'...
"If we do not open our eyes, we will not see". This is an obvious statement, but think about it for a moment in less literal terms. How many times have you had your eyes open but still missed something important.
To sight-read we must be an open vessel. We must be a sponge - ready to soak up information. The great inhibitor here, you will find, is our own thoughts! Worries, doubts, expectations, fears, distractions... Our mind becomes cluttered or blocked. This weakens its receptive faculties. In other words, the more brain-power we use to think, the less we will have available to take in new information. All of a sudden, we then have a closed vessel.
Clearly, understand, I'm not saying not to think. What I am suggesting is that it may be more than coincidental that "most good sight-readers can't perfect a piece, and most good perfectionists can't sight read". I believe it is good to be able to do both, and therefore good to cultivate two separate brain processes: 1) thought & analysis and 2) gathering data. These might be compared to the modes of a computer.
Coincidentally, I just came across this passage from 'Super Sight-Reading Secrets'...
"If we do not open our eyes, we will not see". This is an obvious statement, but think about it for a moment in less literal terms. How many times have you had your eyes open but still missed something important.
To sight-read we must be an open vessel. We must be a sponge - ready to soak up information. The great inhibitor here, you will find, is our own thoughts! Worries, doubts, expectations, fears, distractions... Our mind becomes cluttered or blocked. This weakens its receptive faculties. In other words, the more brain-power we use to think, the less we will have available to take in new information. All of a sudden, we then have a closed vessel.
Clearly, understand, I'm not saying not to think. What I am suggesting is that it may be more than coincidental that "most good sight-readers can't perfect a piece, and most good perfectionists can't sight read". I believe it is good to be able to do both, and therefore good to cultivate two separate brain processes: 1) thought & analysis and 2) gathering data. These might be compared to the modes of a computer.
lj: a few basics about the 12/2/08 chart you referenced may clear up the Channel question.Quote from ljyoung:
I hear what you are saying guava but what I was trying to get at here was what did the two traverses have in common which made them traverses and also what was it that made the second traverse, a traverse and not a channel. So let me split this up and take the second part first.
What I am calling a channel here is the critter on the far right and me calling it a channel is based on Spyder's clear statement that in his schemata, upchannels have maximum thickness green lines. So what it looks like to me is one of those "a traverse which became a channel" thingys and my question is why is this the case.
Both of the constructions are initially formed by a pair of tapes, [down-up and up-down] so no difference there. Then both of them blast through the RTL with high pace bars, again no difference. Differences then begin to emerge with respect to the manner in which the market confirms the P3 and that is another discussion for another time but let me say that I believe that pace shows itself when this happens.
I don't know if this is correct and so I'm asking other people what they think.
With respect to why the traverses are traverses, again I believe this has to do with pace.
lj
The blue up Traverse starting around 10:00 is accelerated with the green Traverse around 11:50 with the FTT around 12:30. Spyder also annotated a flatter gold FF up traverse for some reason, but let's ignore that for now.
Judging from this chart and not looking at earlier charts I know this up Traverse is the non-dominant leg building the red down Channel and sets it's point 3. Once the Channel starts it must complete before you can start a new one.
The down Traverse starting at 12:30 in your red circle does accelerate as it puts in the dominant leg completing the down Channel. It can't create a new Channel until the last one completes! WMCN will then be an up Channel when the market is ready.
At 14:30 the down Traverse completes and a new green up Traverse starts in your green circle. We assume the down Channel is finished as the up move accelerates with the blue Traverse through the Channel RTL allowing a new up Channel pt2 to be established with the common FTT of the green and blue Traverse (not shown on the chart).
So I must assume the Green Traverse by virtue of it's acceleration now becomes a Channel and Spyder annotates it as such (thick green line weight) retroactively.
hth
edit: there are two blue accelerated Traverses
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2368018>
Quote from R/R:
...snip ...
So I must assume the Green Traverse by virtue of it's acceleration now becomes a Channel and Spyder annotates it as such (thick green line weight) retroactively.
hth
The same thing happens this day starting 12:55.
Interestingly, the green up move was not annotated originally with Traverse points 1,2&3, yet the Gaussians are annotated accordingly for a Traverse. I don't think this green traverse was a FF before the blue accelerated Traverse, and it appears to have started the up Channel. Otherwise there would be a separate Channel RTL leading to the Channel pt3 at 15:40.
Attachments
simply the way a Channel is constructed and it's basic sequence.Quote from nkhoi:
what clues did you see?
For there to be a down Channel pt3 as indicated on the referenced chart, there must have been a dominant move from it's pt1 to pt2 created by a down Traverse. This Traverse must end at 10:00 to start the non-dominant leg of the Channel which puts in the pt3.