Iterative Refinement

Quote from PointOne:

Read this while examining what happened between 10:50 and 11:20. For some reason no one has posted a chart with the pertinent (short) channel annotated.
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Thanks for posting this P1...
 
Quote from NYCMB:

1.Pink Down Traverse (starting at 13:10,Jun 18) became a down Channel
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Yes.

Quote from NYCMB:

2 Thick red Down trend line (starting at 15:20, jun 18) was the Accelerated Down Traverse of the Pink Down Traverse( starting at 13:10,Jun 18) initialy. After the Pink Down Traverse became a Down Channel, the Red Down thick Down Trend line became Accelerated Down Channel.
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Thick red Down trend line represents a channel RTL. I am not 100% confident where exactly point 1 of the channel belongs to, so we gonna have to wait to find out.

Thick red Down trend line was drawn in anticipation of what was expected to be a channel on Fri .


Quote from NYCMB:

3. Thin orange Down Trend line ( starting at 11:10) is a Accelerated Down Traverse of the Dotted Pink ES 5 Min Down Traverse
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I don't know why it looks orange, cuze I intended for it to be red to differentiate from an already used Pink color. I envisioned it to be the first dominant traverse in the channel which grew out of traverse.
 
Quote from ehorn:

4 visible fractals in the morning ?!?!
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Perhaps if someone gave an objective definition of what constitutes price action on different fractal levels we could have a meaningful discussion......
 
A partnership with the market...

Quote from jack hershey:

letters >>>> words >>>> grammar >>>>> sentences >>>>> paragraphs >>>>> chapters >>>>> books >>>>>> language >>>>> languages.


The markets have a language that tells a story.

Did you learn to read? Let's hpypothesize that you did and your were successful and nowadays you can pick up a book and read it. Go further, you can write to others and they get what you told them.

Sometimes you speak and listen when you are with someone else.

Suppose some one comes along that you connect with. You chat You even get to be friends or you decide to be special for each other.

wah thappens when you are in a relationship?

Let's say it is a partnership.


At some point you make the decision to accept what the other person tells you.

By doing that, something else comes into the picture. It is none of the things that are related to discipline or following rules.

Switch to considering that you are a trader and you trade a market. See if you are partnering with the market and if you have:

letters >>>> words >>>> grammar >>>>> sentences >>>>> paragraphs >>>>> chapters >>>>> books >>>>>> language >>>>> languages.

Is there a means of communication involved between you and the market?

Is it possible to accept the "tells" of the market and "GET" the story the market is giving you in market language?

If this has happened, then you have "trust" in the partnership and trust leads to your understanding the value of the tells.

As is seen in many posts, no trust is there and there is no partnership nor is there any language either.

This incoherence is established by FEAR, ANXIETY and ANGER that most traders have acquired because of the decisions they made and the consequences that come from poor decisions that prevent learning the language of the market and the ability of a person to form a partnership.

A mind that can read, write speak and listen is differentiated. There are no edges involved at all.

A lot of people switch partners occasionally. Do they change languages? What do they change?

Acceptance goes away for the former partner. Trust goes away too. valuing what the former partner said goes away.

What takes the place of all of these things? A new partner, new acceptance and finally new trust.

Have you ever tried to manage a partner? What is the substitute for managing a partner. Discipline? Rules?

No, instead it is having a common language. understanding and acceptance. Trust and values.
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Quote from Jack Hershey, 21-06-09:

The markets are a written language; reading them requires a differentiated mind...

A language does not operate on rules. Problem solving is done with rules and the market is NOT a problem. The market is always right and an expert trader partners with the market and listens to always be in the market and on the right side of the market.
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