Iterative Refinement

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

  1. Jander

    Jander

    Touche! It didnt satisfy the requirement because I had created a rule that did not exist... Zing

    That does bring up another issue, that the following tape (after the pennant) must have 2 bars of increasing volume....which would be expected anyway... HMMM Ok I need to redo some charts now, thanks Spyder
     
    #6181     Aug 1, 2008
  2. Take things one step at a time. Create a list of what must exist on every traverse. Insure that your observations remain on the same fractal throughout. Once completed, apply the list of components onto the market in order to grade your annotation efforts.

    - Spydertrader
     
    #6182     Aug 1, 2008
  3. Jander

    Jander

    Agreed

    Why havent you been posting more Barnby??:cool:
     
    #6183     Aug 1, 2008
  4. jbarnby

    jbarnby

    I'll try to do better....time has been a precious resource in the last few months.
     
    #6184     Aug 1, 2008
  5. ehorn

    ehorn

    1st observed traverse of the day.

    I will take this one step at a time. I would love some yahs or nahs as I go through the exercise. In fact I would like to wait for confirmation or corrections at each step (if possible)?

    [​IMG]
     
    • t1.jpg
      File size:
      50.1 KB
      Views:
      807
    #6185     Aug 1, 2008
  6. Why do you feel the ES 10:10 [close of] Bar shows Peak Volume? It's most certainly 'a whole bunch' of Volume, but Peak?

    - Spydertrader
     
    #6186     Aug 1, 2008
  7. jbarnby

    jbarnby

    I say "yah". However, would the IBV still qualify this as peak volume?

    edit: I see Spyder as already answered this for us.
     
    #6187     Aug 1, 2008
  8. ehorn

    ehorn

    After the debate that has been raging over this topic as of late I am sorry I used that term to describe this bars volume :)

    I am really just trying to get down what we are calling traverses.

    No, this is not peak volume and not what I would consider a signal for change (at this point in my development) and given the context here. Sorry I used that term.

    Thank you for pointing this out as well.
     
    #6188     Aug 1, 2008
  9. Jander

    Jander

    Yah from me as well

    Looks like down tape, lateral movement, down tape (all in one bar) . However, I dont get a change signal from the last bar. Seems to me that we get a lateral retrace followed by another dominant attempt that FTT, showing the change signal and thus the new pt1 for the next traverse. Just IMO
     
    #6189     Aug 1, 2008
  10. ehorn

    ehorn

    I agree. Especially given the pace of this traverse :)
     
    #6190     Aug 1, 2008