Iterative Refinement

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

  1. Thanks for sharing, ehorn.

    lj
     
    #6421     Aug 5, 2008
  2. gucci

    gucci

    I second that.
     
    #6422     Aug 5, 2008
  3. dkm

    dkm

    so far...
     
    #6423     Aug 5, 2008
  4. Out of set of all laterals, some of them can form (a) retrace in a traverse, or (b) traverse in a channel.
    A lateral is still simply a lateral as dkm said, whether it's (a) or (b).
    It becomes (a) or (b) by virtue of where in a traverse or channel it appears.
     
    #6424     Aug 5, 2008
  5. gucci

    gucci

    Thank you, romanus. Taken into account the fractal nature of the market I just got confused by the lateral channel?(traverse?) and its implications for the WMCN. We do have three points here.

    http://www.elitetrader.com/vb/attachment.php?s=&postid=1980041
     
    #6425     Aug 5, 2008
  6. A post I did this morning was questioning. . .

    Can the sequences to form a channel-

    have a Dominant traverse, followed by a lateral retrace to create the second sequence to create a channel, finished by a lateral traverse with a B/O, to complete the final dominant traverse and complete the channel?

    I should not have used that example this morning. It was out of context from yesterdays' action.

    Here is the snip with yesterday as a channel, in the correct context which already was discussed .
     
    #6426     Aug 5, 2008
  7. Avi 8 referred to it as a rare case of annotated lateral channel : http://www.elitetrader.com/vb/showthread.php?s=&postid=1980064#post1980064 Since that was the first time I noticed annotating in such matter, I thought that was an exception where the same vocabulary is used to describe different situation.
     
    #6427     Aug 5, 2008
  8. gucci

    gucci

    Romanus, I don't understand the meaning of the last 8 words of your post. I just miss the context. My english is really lousy...:(
     
    #6428     Aug 5, 2008
  9. Sorry. What I meant is:
    1. it was referred to as a channel
    2. I could not see any annotated traverses which built this lateral channel
    3. I decided to leave it alone, because this type of scenario rearely happens
     
    #6429     Aug 5, 2008
  10. Heres my chart so far. Feel free to comment.
     
    #6430     Aug 5, 2008