Iterative Refinement

Daxtrader · Jun 9, 2009

Quote from romanus:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2459052>
Nah... just got lucky - there's no freaking way we gonna see B2B here.

Hey Romanus, why did you expect to see a B2B here? Is it because it would confirm an FTT at this point?

Neoxx · Jun 9, 2009

Quote from Neoxx:

I'll call my broker and tell them to take back the profits.

I should have anticipated that this statement would draw some malcontents out of the woodwork.

Here's the addendum I omitted...

"I have no intention of responding to requests for personal information, or disabusing anyone of their closely held convictions or chosen beliefs."

bwolinsky · Jun 9, 2009

Quote from Deific:

If that is true where is your blotter?

Right, without a blotter there's no validity in claiming profits. You can take it to collective2 or covestor. Otherwise, total bullshit. No one's made anything from these charts.

guavaman · Jun 9, 2009

Quote from romanus:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2459079>
Holly shit, this Hershey woodoo b2b2r2b/r2r2b2r stuff just keeps cycling...

So you had a Pt3 up traverse (as noted by the blue trend lines) at EOD on 6/7/09 that presumably completed with an FTT@ 16:15 and it is followed by a FFT?

Is this how the market normally behaves?

romanus · Jun 9, 2009

Quote from Daxtrader:

Hey Romanus, why did you expect to see a B2B here? Is it because it would confirm an FTT at this point?

The gaussians show WMCN.

romanus · Jun 9, 2009

Quote from guavaman:

So you had a Pt3 up traverse (as noted by the blue trend lines) at EOD on 6/7/09 that presumably completed with an FTT@ 16:15 and it is followed by a FFT?

Presumably?

Really?

Quote from guavaman:

Is this how the market normally behaves?

Are you asking me if it's normal for a market to build a faster fractal traverse while moving between P1 and P2 of the 5 min ES level traverse?

guavaman · Jun 9, 2009

Quote from romanus:

Presumably?
Really?

First, are you certain that 14:40 to 16:15 on the 5th is a Pt3 traverse up?

romanus · Jun 9, 2009

Quote from guavaman:

First, are you certain that 14:40 to 16:15 on the 5th is a Pt3 traverse up?

Something wrong with my gaussians?

guavaman · Jun 9, 2009

Quote from romanus:

Something wrong with my gaussians?

I use the same coloring convention for my traverses and FFT as you do. However, since I rarely consult your charts, I have less certainty as to what your Gaussian convention is and if type of lines you used indicates a completed traverse.

Now, wouldn't it be easier and more collegial to have just answered the question instead of resorting to a snarkey response?

Regarding the area in question, I see no compelling reason to classify it as a Pt3 traverse. As such the entire construct of the area that precedes and follows it is different. I see it at most a FFT.

Apparently it matters not if I am correct or not. It is plain to see that you anticipated and caught each turn. It must have been a monster day for you. BTW, did you trade that live?

Daxtrader · Jun 10, 2009

Quote from romanus:

The gaussians show WMCN.

What is WMCN?

It would be really cool if someone can make a video with live charts trading this system. If not live, then just replay the day's action. I don't see why it has not been done yet. A video is worth a gazillion words.