Technology update All domestic shipments will have been received by early next week. However, due to delays (including Thanksgiving) the main international shipment will not be arriving until much later. 19th December is a conservative estimate.
Plan to complete the Intermediate level drills by the end of the weekend, and prepare the Advanced Intermediate log for Monday. In the meantime, with the help of contributors in the Software thread, am ironing out some minor issues with the new software.
Log (p.s. there were only 80 bars on the chart) (p.p.s incorrect calculation... add 5 to final result) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2199367>
Comments on Intermediate drill The first part of the drill took almost three hours â far longer than expected - and I encountered a number of difficulties along the way. For starters, annotating the YM. While annotating in realtime, there had appeared to be a correspondence between YM channels and ES traverses, hence a 3:1 ratio of traverses. I have yet to discover whether that was an incorrect conclusion. Although technically, annotating the YM by hand should have produced an identical result, it didnât, instead producing extended traverses with a number of dominant and non-dominant moves. I believe that part of the confusion also stems from the differing approaches espoused by Jack and Spyder. Jack made no mention of a fourth fractal, existing between tapes and traverses, whereas this appears to be a vital distinction in Spyderâs charts and comments, i.e. faster-fractal/sub-fractal traverses and 5-minute level ES traverses. Whatâs more, the popular admonition of âjumping fractalsâ when posters on the Iterative Refinement thread have acted prematurely, was tantamount to heresy when broached here. However, the quintessential and inviolable sequences that comprise a cornerstone of the methodology seem intrinsically linked to these âsub-fractalâ movements, such that a 5-minute Traverse level sequence cannot be considered complete while a faster sequence is underway. Admittedly, these distinctions wane in importance when trading on Level 1, so perhaps one reason to accelerate through levels was to pierce the murkiness that lies between. Another difficulty was temporal co-ordination of the ES and YM when logging. As two or three YM bars correspond to each ES bar, Iâve indicated which particular YM bar has been logged by the time differential in minutes (logged in red), which can also be read as the degree of advance notice. The clean log and significantly improved results belie the awkwardness experienced during the process of serial annotation, co-ordination and logging. Hopefully, the process will become quicker and more efficient with each run-through.