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rs5
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Everything posted by rs5
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Efforts for 7/31/2009. Re-reading posts #5, 6, 17, 23. Building tapes from 2 bars (post #5) then shifting the trendlines as the path of the tape develops (as in post #23). Is it possible that this day only has 2 fractals? Tapes and Traverse? (might we be seeing one section of a channel within a channel that started in history??) Please advice on corrections needed in annotation. Thank you!
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ok Thank you I would appreciate it if you will point out any errors or inconsistancies when you see them so I will be alerted to correct. Thank you!
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Thank you for responding! I am following price annotations as per post #5 (as noted on my chart). Is there something I need to alter to understand the correct procedure please? Thank you!
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Thank you so much! This is very helpful. Second vol bar of the pennant is typically smaller than the first vol bar. I will pay attention to the second vol bar of stitch today. Very helpful! Thank you! Pardon, what do you call the red (tape?) please?
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Thank you so much for sharing your efforts! What is your definition of Stitch-DV? Stitch-IV (I noted that both the long and short stitches are thus labeled)? DOM and Non-DOM Laterals? Please, and how do you build up the gausians? building from the smallest unit to the larger as they develop? I am trying to follow as per definition in post #6, but not so sure whether I am hearing the market clearly.
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trying to get to the right ballpark.......
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struggling with b2b 2r 2b and r2r 2b 2r.......
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FTP, FBP, SYM drill for Friday's chart 7/24 FTP and FBP have one horizontal trendline connecting one end while the trendline of the other end appears to be directional. So I would expect the next bar after FTP and FBP to be in the direction of the non-horizontal line. For FTP: price moved with greater vol in the direction of the non-horizontal line in three out of five instances (3, 4, 13). Price moved with lower vol against the non-horizontal line in one instance (6). Price moved with greater vol against the non-horizontal line in one instance (11) For FBP: price moved with greater vol in the direction of the non-horizontal line in one instance (15). Price moved with lower vol against the non-horizontal line in two instances (9,12). Price moved with greater vol against the non-horizontal line in one instance (10) FBP only occurred in the retrace traverse of the up-channel. FOR SYM: Price reversed in direction with smaller vol (1,2,5). Price continued in direction with greater vol (7, 8, 14, 17, 18).
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Thank you for the reminder to not jump fractals. What does this last sentence mean? What is the best path to building the gausian lines?
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Thank you. It looks like all formations that stalls the flow is a flaw. Is that correct?
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28 July 2009 - Spydertrader, please comment on the gausian lines, are these the correct interpretation?
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How embarrassing! I feel like a kindergartner attending a college class. Is the reduction in vol the flaw in this lat?
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Will you give a graphic example of a "flaw" please?
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Greetings Spydertrader and all! Continuing the learning here...
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The market provided seven laterals today (7/10/2009). Try dividing them into two seperate groups. - Spydertrader Revised chart to include missing lateral. If you see any mistakes or corrections needed, please comment. Thank you! How should the laterals be grouped? I noted C for laterals that appears to continue in the same direction, versus the those R that appears to change in direction coming into the lateral and leaving the lateral. Should L6 and L7 be the same lateral (double laterals) or 2 separate ones? It is the only lateral combination which has volume that increases in the middle of the lateral. Volume reduces in the middle of all other laterals.
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10 July 2009 - the tapes are easier to identify now. Will be away for a couple of weeks. Looking forward to continuing the journey when I return. Good Trading!
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9 July 2009 - Continuing monitor and annotate
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You've developed an answer which states "a lateral ends when a bar closes Outside the Lateral Formation." Now apply this answer onto the attachment of Post #57 - specifically, the 'pink' highlighted lateral formation. Does your answer 'work' in this specific example? If the (pink) Lateral Continues beyond the point in time where your answer develops, then perhaps, a different answer better describes the phenomenon in question. I am confused. It looks like the pink lateral ends when the internal green lateral ends. And the internal green lateral ends when a bar closes outside of that green plus pink lateral?? Do you see that you are only using half the available data, rather than the entire data set? Do you mean I am only looking at price now while I should be looking at price plus volume?
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What is a dominant vs. a non-dominant lateral? At the cost of showing my ignorance, here goes Lateral L1 happens earlier in the day with a wider swing (height of lateral) than Laterals L2 and L3. Thus L1 showing a more volitile condition. Without looking at the volume, I would guess that vol is higher at L1 than at L2 or L3. L2 is much longer (time wise) than L1 and L3 (indicating directionless market?). The first bar of Lateral L1 is an up bar after a pronounced up move. L1 is a curb of upward movement (bar 1 is up while bar 2 is down)- consolidation at the highs, while L2 and L3 are curbs of downward movement - (bar 1 in both laterals are down, b2 is up). L2 and L3 both occur after an inside bar formation, indicating that the market has already entered "pause" mode. Bar 1 in L2 and L3 both have a lower high than the bar prior to L2 and L3. L1 formation of bar 1 to bar 3 is up-down-up L2 formation of bar 1 to bar 3 is down-up-up L3 formation of bar 1 to bar 3 is down-up-up Bar 3 of L1 and L2 are inside bars compared to bar 2 while not the case in L3. L1 has one upward violation testing the highs before the end of L1 as red bar closes below lateral lows. L2 has violates both upper and lower boundaries before picking a side and closes outside of L2 boundaries. L3 has no violations of boundaries before bar closes outside of L3 boundaries and L3 ends. Price comes up into Lateral L1 and exits L1 down (change of direction) Price comes down into Lateral L2 and exits L2 up (change of direction) Price comes down into Lateral L3 and exits L3 down (continuation of prior move) Outside Bar OB1 is a down bar after prior up bar. Outside Bar OB2 is an up bar after prior down bar. Both OB1 and OB2 closes near the open of the prior bar (tried to go somewhere but did not succeed) Outside Bar OB1 occurs after L1 bars 1 to 3 (after a Lateral is formed), and violates the height of L1 bar 1 (swing high), but closes inside L1. OB2 is not in a lateral formation and does not violate the swing high (2nd bar prior to OB2). Stitch S1 has same color bars - red red. Stitch S2 has different color bars - black red. S1 occur in the middle of a down move (down tape). S2 occurs at the end of an up move (up tape)
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Does the Lateral end when a bar closes outside of the first bar in the lateral? As that is the moment market leans towards that break out direction? It is not clear to me on the first yellow lateral why it ends in location shown. Please - will you clarify? Thank you!
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8 July 2009 - still studying, monitor and annotate. These are all hand drawn. (Pardon some of the lines, ninja cursor is snapping to some invisible grid and I have not yet found the toggle to turn it off).
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7 July 2009 - monitor and notate