Iterative Refinement

Spydertrader,

provided a trader operates in a flawless environment (due to his or her proficiency), how many wash trades (small losses or brake even trades) are percentagewise "normal" or "expectable". I guess it depends on the market behaviour, but can you give an estimation? What is your experience? What importance do WTFs (what wasn`t thats) have at your level of experience?

Thanks.

 

Sounds like the 'A'ction step to me.

Are you really on the last step?

 

Avi you are right, but

how can one know whether one should be on the last step? Each WWT drives me to doubt my first 'A', hence the question.

 

Read your above reply again... your answer is there.

;-)

 

Thank you very much. Gotta let this one digest a bit, but I have a gut feeling that something really valuable will precipatate out of this.

 

I can come up with two possibilities:

1. There won't be any WWT in a flawless environment

2. They (WWT) won't cause any doubts

Which one?

 

Maybe the WWT wasn't a WWT ?

i.e. more work is needed at M and A ?

 

How about a third possibility?

It is in your reply's 'question'.

 

Thanks Avi, I'll try to figure it out... I hope I'm on the right track with my thinking. I guess there really can be a problem with my first 'A'

 

• ES 1135 eob LM DRV = change? Not so fast! YM 1134 eob IRV = continuation. ES continues lower.
• ES 1140 eob LM DRV = change? Not so fast! YM 1138 eob IRV = continuation. ES continues lower.
• ES 1150 eob IBGS DRV = change. Not so fast! YM 1148 eob IRV = continuation. ES continues lower.
• ES 1155 eob IRV = continuation. Not so fast! YM 1154 eob decreased Volatility (range) on IRV = change. ES goes into retrace.

Cool!