Iterative Refinement

... so is the sequence complete? ... does 1600 signal change? ... is it a lateral there?

 

11-17-2008 2nd attempt @ 'M' and adjusted PFC

EDIT: make that 3rd...

 

Just one more question and then I am toast

Is the 15:35 bar (11/17/2008) a correct application of fanning from the OB?

Thanks again

 

... take a step back, and look at the whole picture too ... e.g. the 15 min ES chart

 

See the attached snip for an example, and do not employ the use of crutches and / or additional tool sets in order to find the answers you seek. Everything needed sits right on the 5 minute ES.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2181938>

 

Thanks very much Spyder, I will study this when I am refreshed.

Have a great evening!

 

Here's my version of this drill.

I shut down monitoring in the middle of that big lateral (HVS), as I got too frustrated (and it was late here). Though I thought the big picture indicated we were heading down, 'thinking' it's so doesn't supply enough confidence, and I found the volatility too much to handle well.

Comments welcome.

- palinuro

 

co drill

 

morning view

 

11-17 debrief. My take