Iterative Refinement

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

  1. It does not necessarily contradict my interpretation of dom/non-dom logic. But the Volatility Extention is surely (or at least as I understand it) takes place while the market is moving in a dominant mode. So at some point the market had to have to return to dominance in order to create VE.
     
    #8391     Oct 12, 2008
  2. If I understand correctly, dom/non-dom relates to sequences. So, if bar 7 was dominant(the market has reached pt. 2), the next time one is allowed to look for a dominant bar would be after the tape FTT of a pt.3. So if bar 11 starts a pt 3 tape then bar 13 would be the FTT of that tape, but the lower volume makes bar 13 non dom . Bar 14 makes it lateral movement(non-dom). Bar 15 goes up then comes back and BO's of the fanned tape and closes outside of the tape on increasing volume, thus imo finishing the 2 to 3 sequence which makes bar 15 a dom bar.
     
    #8392     Oct 12, 2008
  3. ...
     
    #8393     Oct 12, 2008
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    1. On your chart bar 7 shows decreasing volume, so I guess you should take it from there ... :) dom or non-dom, change or no-change ... I'd love to see such a bar by bar analysis in real-time, with no hindsight ... :) You could try it tomorrow, or tonight when the market opens (!).
     
    #8394     Oct 12, 2008
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    romanus re-read this ... :)
     
    #8395     Oct 12, 2008
  6. Yes, on my chart bar 7 shows decreasing volume. But it also shows a VE and Jokari Window signal for change. I can not imagine VE being created while price is moving in non-dom fashion. Can you?:D

    :D And I would love to be able to do such a bar by bar analysis in real-time, with no hindsight as soon as possible, but one has to start somewhere.

    You know what they say:
    First, you learn to 'see' change. Second, you learn to 'see' change - faster. Then, you learn to anticipate the arrival of change.
     
    #8396     Oct 12, 2008
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    It just seems that your bar 7 isn't dominant (RTL break on decreasing volume), so you can't look for change yet ... :confused: ... :) Regarding your VE observation, I guess you can have tape VE too...
     
    #8397     Oct 12, 2008
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    I guess doing now a pre-flight check for the next trading day could be interesting, and revealing, and maybe even helpful ... :)
     
    #8398     Oct 12, 2008
  9. ehorn

    ehorn

    What are your thoughts charts?
     
    #8399     Oct 12, 2008
  10. It does not look like a tape to me. We already have increasing volume to confirm pt3 of traverse. The only thing that's missing when bar 6 closes is return to dominance. So I asked myself a question: is it possible that the market is moving in non-dominant fashion when it creates VE?
     
    #8400     Oct 12, 2008