Much better, but (like so many others), your next step requires you to review Gaussians. Also, try to do things without annotating a lateral in an effort to see if doing so allows you to understand that which currently fails to provide clarity. If it doesn't help, you can always return to annotating the laterals. - Spydertrader
Thanks for the tip. I do feel I over use them (but try not to during points of change). I've been relying on them to avoid annotating r/\r's or b/\b's. Most of the time they fit surprisingly well. I'd like to have your take on this issue as in previous journals you'd use such annotations but not anymore.
I'm assuming we had a down traverse to start the day, change at 1005 and an up traverse to complete the channel. When that traverse ended around 1200 shouldn't we have started a dn channel? There are a few things left to grasp before I can conquer the enter/exit mode or earn while you learn(which may continue for some time KNOWING when a sequence is complete, which is wrapped around the continued lack of the ability to KNOW the difference between PA and PV with the tools suggested in this method. I'm going to try to be real good from now til christmas in the hope my wish list will come true. Christmas Wish List: A HUGE hint from Spyder on the differences between PA and PV.
Were you referring to Point 3 in the Up traverse in the late afternoon? Thank you for your guidance. I am going back to the beginning again to start with the basics: tapes and gaussians. I can't shake the feeling that some fundamentals managed to escape my grasp.
I cannot visualize 3 levels. I have adjusted 2 levels after debrief. Is this what you were considering when you reviewed? If not can you provide a hint what 3 levels may look like or are you referring to CO, L1, L2? I have made an effort to correct those areas. Have I addressed them? If not can you provide some specific areas for further review? Absolutely! and I definitely have a opportunity for improvement on this. It is the primary reason I find myself upside down, early, and/or just plain wrong at times. If effects everything from WMCN, to sequences (on all fractals). I will continue to make this a priority and continue to focus on refining this. It was a thing of beauty today and a great call last evening! Maybe we can get you to do that more often... As always, Thanks very much for your encouragement, patience, and guidance.
Back then, we did not have as a goal to remain on one trading fractal. Now, the goal is to know when one has 'jumped fractals' because 'jumping fractals' isn't, in and of itself, a bad thing (one can actually profit more by doing so), but 'jumping fractals' without knowing one has done so, can lead to disaster. In other words, when one uses a variety of tools (coarse, medium, fine, etc.) 'change' signals develop prior to the completion of sequences on the slower fractals. Today, we focus our efforts using only the ES five minute chart. In addition, making decisions once a sufficient data set has materialized, based on finer tools, results in actions taken Intra-Bar. For the better part of this Journal, we have focused taking appropriate and timely action at end (close) of bar. As such, we only care to locate change after the completion of sequences. Since we now want to locate a completed sequence, and we also want to remain on the same trading fractal throughout the day, what works Intra-Bar and with finer tools may not necessarily work properly using only the five minute ES at end of bar. Hope that cleared things up. - Spydertrader
No. The market provided a 'faster fractal' traverse, but not an actual traverse down to begin the day. If your hypothesis was correct, then yes, but the market clearly indicated otherwise. Therefore, something was missed. While clearly having the ability to differentiate the two vocabulary words provides greater insight into the sequences, like every other tool introduced, they do not represent the be all end all of 'clues' to what must come next. Be careful not to focus exclusively on this hurdle you currently face. You might miss something equally (or more) important. Both of these represent vocabulary words used to describe a specific event ocurring at a specific point in time. Understand the underlying conditions, and you'll understand the vocabulary words. - Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2205160> Create thoroughly annotated charts, and that which currently eludes your grasp, will (slowly at first) begin to form clarity in your mind. Begin with thorough, and through refinement, you'll arrive at correct. About damn time!! - Spydertrader
E.g. 1545 today can not be PV because the sequence is not completed yet (the up traverse is built from ff traverses, dom and non-dom, so another dom ff traverse is expected)? Am I close?