Iterative Refinement

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

  1. It's a non-issue for anyone who trades these methods, and as such, requires no solution.

    - Spydertrader
     
    #4031     May 23, 2008
  2. I will double and triple check the chart before posting it. Thank you for your feedback.

    As a beginner I don't believe I meet criteria for anything beyond monitoring. I may have expended the definition of monitoring to include attempting to determine change/continuation by the end of the bar. I apologize if my use of the words 'holding through' created an impression that I am jumping ahead of myself.
     
    #4032     May 23, 2008
  3. Tums

    Tums


    Think binary.
     
    #4033     May 23, 2008
  4. Although the opening volume does not follow decreasing volume on open,
    today looks like a W day coming.
     
    #4034     May 23, 2008
  5. Sometimes, the sentiment change we hope to 'see' manifested in a Price bar occurs so close to the 'time' where the bar closes, not enough time remains for the 'signal' to properly develop to a point where the trader 'recognizes' the signal as change. It is at this point where the finer tools come to play because one has reached the limit of accuracy of the coarse and medium level tools.

    Again, I do not mean to suggest that one should begin study of Str-Squ and OTR Charts, but I want to point out limitations do exist for only using Coarse and Medium level tools.

    Although these limitations express themselves very rarely in any trading day, such events can cause frustration.

    Now, the much easier answer is this: You appeared to have conflicting signals. In other words, you had change based on Volume and Volatility, but you had continuation based on What to expect on the BO of a formation. Also, the YM hadn't yet formed a Point Three from the FTT (point One) at 12:26 [close of] bar.

    - Spydertrader
     
    #4035     May 23, 2008
  6. OOOPS ! didn't mean to suggest a breakout was happening at that moment, just looked like a forming W.
     
    #4036     May 23, 2008
  7. point 3 up for 1.25:D
     
    #4037     May 23, 2008
  8. Sorry for the delayed response, ET was down.
    That's exactly what happened and caused the confusion.

    That is the key. Had I thoroughly YM, it would have screamed at me: YM is moving pt1 to pt2, therefore change on YM signals retrace not reversal. This is what I get for not annotating thoroughly - confusion. Lesson learned.

    Thank you for your patience, Spydertrader!
     
    #4038     May 23, 2008
  9. :) Change/continuation. Thank you, Tums.
     
    #4039     May 23, 2008
  10. point 3 forest....man this is like video game.....:D
     
    #4040     May 23, 2008