Iterative Refinement

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

  1. 5 minute ES this morning.
     
    #5591     Jul 25, 2008
  2. dkm

    dkm

    so far.....
     
    #5592     Jul 25, 2008
  3. nkhoi

    nkhoi

    very nice chart, thanks.
     
    #5593     Jul 25, 2008
  4. sscott

    sscott

    Or more simply, it doesn't matter WHO is right, it is WHAT is right.
    (ie. the market)
     
    #5594     Jul 25, 2008
  5. Tums

    Tums

    or... it does not matter WHAT it is that you called "right", it is whether you are in sync with the market's projected message.
     
    #5595     Jul 25, 2008
  6. sscott

    sscott

    My morning, tape to traverse to channel, 1,2,3,FTT. Spyder, you are getting through, thanks.
     
    #5596     Jul 25, 2008
  7. WHAT is right is not necessarily what you called "right", it is what is right.

    Babba Rum Raisin
     
    #5597     Jul 25, 2008
  8. I apologize if anything I have to say has been brought up in last 100 pages or so. I've been quietly working away at printed out static charts. I'm up to 20 charts at this point, and will continue with this until I get what I'm supposed to:)

    Having said that, I'd like to make a couple comments/question:

    1) Learning to trade has nothing to do with learning to trade. It's all about becoming much more flexible in ones perspectives. I suspect that once somebody really gets this stuff life changes in significant ways.

    2) So far I have not had any aha moments, other than to realize that I do INTELECTUALLY get resolutions, I do not get them in any sort of INTERNALIZED way... yet.

    3) I'm sort of grabbing at things to sort this out. One of those things is noticing how tapes and point3's can sort of morph into channels by becoming wider than usual. I noticed this much earlier, but now realize something more profound is going on. These "fractal shifts" are not something I consistantly see in real time, but are obvious on EOD charts.

    4) By doing chart after chart in succession, I began to see that variations in daily volatility provide me with a challenge; it seems like how I annotate has to change.... yet I know annotations should always be the same (process wise).

    5) Just before reading Spyder's post on the very same subject, I started to think in terms of whether laterals formed a retrace, a traverse, or a channel. Seems like there is huge reward in being able to tell which is which during formation of the lateral. Don't yet know how this will happen.

    And, while I haven't had a chance to use them yet, thank you so very much SPydertrader for posting so many charts recently. I see all your various trials of tapes to see the pt3's as early as possible. I'll be using these as a standard of comparison when I get caught up in the thread.

    EDIT: oops, sorry for how long post got, didn't realize it until posted
     
    #5598     Jul 25, 2008
  9. Avi 8

    Avi 8

    #5599     Jul 25, 2008
  10. This is a real fun day !

    5 minute chart so far.

    Tums !!! U Awesome !
     
    #5600     Jul 25, 2008