Iterative Refinement

Discussion in 'Journals' started by Spydertrader, Jan 3, 2008.

  1. Talas

    Talas

    My 'raw' chart for the day.
     
    #10031     Dec 8, 2008
  2. My view of the day...
     
    #10032     Dec 8, 2008
  3. Excellent Observation.

    - Spydertrader
     
    #10033     Dec 8, 2008
  4. Thank you for the help.

    The pink accelerated down channel's RTL is broken and the blue up traverse's P2 is formed at 1115 EST. But at this time, the original red down channel RTL has not been broken. Is it correct that we do not know at 1115 that the red RTL will be broken, since we could form a nondom up channel within its confines? (This nondom up channel would then be followed by another dom down channel. In other words, I am contending that the market could build a series of dominant down channels with intervening non-dominant up channels, all occurring to the left of the original red down channel RTL.)

    If the above is true, then is it also true that the VE at 1155 EST is the specific context which tells us to anticipate that the original red RTL will be broken?
     
    #10034     Dec 8, 2008
  5. PFC with pre-P2.

    lj
     
    #10035     Dec 8, 2008
  6. Here is my chart for today. I've been focusing more on the sequence thing as I think that is what I need to work on the most.
     
    #10036     Dec 8, 2008
  7. For the day.
     
    #10037     Dec 8, 2008
  8. To help me get a handle on the Dom Non-Dom issue, I've compiled some notes (and questions). Anyone who wants to provide any corrections or additional observations please do. Thanks. :)
     
    #10038     Dec 8, 2008
  9. got it wrong, here's my fix...
     
    #10039     Dec 8, 2008
  10. It is not.

    - Spydertrader
     
    #10040     Dec 8, 2008