Iterative Refinement

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

  1. So far I have seen two situations where BO of the lateral/or formation results in additional data:
    1. when in existing trend, BO, in the direction opposite to the trend, on increasing volume followed by decreasing volume bar means the existing trend did not change,

    2. again in existing trend, BO, in the same direction to the trend, on increasing volume followed by decreasing volume bar means change signal.

    HTH
     
    #6381     Aug 4, 2008
  2. ehorn

    ehorn

    I have added some notes of how I viewed the morning after review Spyders comments and debrief.

    EDIT: I should note also, that where I have written "New PT3 Channel created", On my chart it was actually a CO channel and an FBO as I had it drawn this morning. (Not necessary for the morning signals though). Just wanted to clarify.

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2018335>
     
    #6382     Aug 4, 2008
  3. I saw it differently.
     
    #6383     Aug 4, 2008
  4. I saw it even slightly differently(leaving in the parts that confuse me
     
    #6384     Aug 4, 2008
  5. If channel is built from traverses, don't wee need to separate all three entities (dom traverse, no-dom traverse, 2nd dom traverse) on annotations as in this red down channel:
    http://www.elitetrader.com/vb/attachment.php?s=&postid=1987687
     
    #6385     Aug 4, 2008
  6. Please not although it doesn't look it the Jokari change is on bar close of 10:20 just as romanus has it.
     
    #6386     Aug 4, 2008
  7. ehorn

    ehorn

    Sounds good to me... Very good :)

    EDIT: Then we need to change my note: "WMCN for BO" to something like "PT2-PT3 retrace of Final DOM traverse" :D

    <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2018375>
     
    #6387     Aug 4, 2008
  8. 1. Looking at your pic I can not figure out to what bar the annotation "FTT JOKARI" refers to.
    2. What makes it a lateral traverse is the follwoing logic :
    A) one traverse has ended
    B) when one traverse ends another begins
    C) at any given moment price always resides inside some kind of traverse

    a) the first dom traverse has ended, as it has went through the sequence of pt's 1,2,3 and change signal
    b) when one traverse ends another begins
    c) price resides outside the trendlines which bound the first dom traverse
     
    #6388     Aug 4, 2008
  9.  
    #6389     Aug 4, 2008
  10. I am sorry, English is not my second language, it's not even the third, so take pity on me, as I am having trouble understanding the above.
     
    #6390     Aug 4, 2008