Iterative Refinement

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

  1. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2179010>
     
    #9261     Nov 15, 2008
  2. Hint: Different Context than today's drill.

    - Spydertrader
     
    #9263     Nov 16, 2008
  3. ehorn

    ehorn

    No... :)

    2nd attempt.
     
    #9264     Nov 16, 2008
  4. gooch87

    gooch87

    Ok Spyder how about this?
     
    #9265     Nov 16, 2008
  5. bi9foot

    bi9foot

    Answer
     
    #9266     Nov 16, 2008
  6. Thinking outside the box, the first bar of the drill is red, implying that the one before was higher and dropping - and maybe more before that. The B2B would be an attempt to breakout of the red RTL and close above and therefore seek a PT2 up in the 5min fractal. But first it must confirm that it broke out of the red, down RTL to validate new upwards direction.
     
    #9267     Nov 16, 2008
  7. The kind of drill I like!

    Here's my solution.
    (Edit: Addition to the 'Why': I'm reading the second OB as the crucial FTT.)

    @neoxx, wrong thread to ask about software, but yes, my 'barpaint' indicator has gradually become a 'kitchen sink' indicator and includes the market news.

    - palinuro
     
    #9268     Nov 16, 2008
  8. dkm

    dkm

    drill
     
    #9269     Nov 16, 2008
  9. Hi gang.

    I'd probably be sidelined anticipating a P3 long and then miss it (mustn't chase, LOL). :D
     
    #9270     Nov 16, 2008