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vienna
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Everything posted by vienna
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Well...think about entry, an Ibgs at the right moment can be a strong signal... check where they occur- look at b 12,31 (fakeout), 33, 73.... And annotating completely also helps prepare you to see more for the future. I should annotate stitches etc too, got lazy that day. Vienna
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Attached my take on it...full disclosure: cleaned it up a bit EOD..am not that neat..and couldn't read half of it today until it was too late.... hth, see the areas you circled...we were in 2 lateral traverses with all kinds of nasty stuff (bar 31!)...the traverses widened the container and went from pt 2-3. hth, Vienna
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Yesterday, EOD. Had to stop around 1:30, so anything after that is hindsight HTH, Vienna
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Interesting post...reminds me of Vorzo's entry ideas in the ET Futures thread. Forums - Spydertrader's Jack Hershey Futures Trading Journal At least for his Point 3 entries, he used to wait for one bar in the direction of the trade (like your signal bar) and then enter when the high of that bar was taken out.... I am not sure if you are saying your signal bar has to close in the direction of the trade, does it? Can't tell from the picture... I found this to get me in late and with a stop often too far away for good r/r for many point 3's, never tested it on FTT's...you don't have that issue? Basically, Vorzo (and you) wait for confirmation (taking out the high of the bar) before taking action...
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Please see attached...I don't chart the Euro, so I guessed the Gaussians...question is: wouldn't you want the price bars confirmed by Volume to make sure that this is really done going down?
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No, I think later, when price made a new high, prob around bar 48. That is normally when I draw a slower channel (otherwise you might be too early). The slower LTL then gives you a target if you are long, and resistance, as well as support. This was also an example of using a previous Point 3 or a previous trough as the new point One...Spyder posted about this.. perhaps somebody has a link to the thread (s) where he mentions it. hth, Vienna
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Here you go...have my own brand of annotating though......(see Gaussians. I annotate the non-dom in grey) hth, Vienna
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Yes, seems to be the only way...was looking for shortcuts for at the beginning....unfortunately, didn't find any... Good trading, Vienna
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To be honest, I forgot how I used to log Volume. These days I note "20" when there is a 20k Vol bar...it's approximate. Level I-V corresponds to the pace lines (DU- Extreme), but it does not really matter...just find a shorthand so that you have a RELATIVE measure of Volume. Check out what Pace+ Vol Peaks you have on the dominant legs versus the nondom legs...that's the point, does not matter how you classify it "A-D"..."I-V", whatever. The important things of the log are 1. Find the items YOU deem important to track (they will change over time), and 2. find a vocabulary shortcut, a symbol etc. so that your notations only take seconds...otherwise you won't do it or you'll fall behind. Spyder was not big on logging, but JH strongly recommends it...and so did Mr.B, as noted.. Anything that gets one to pay attention helps... hth, Vienna
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The best advice at the beginning I received was from Patrader...he suggested to read through the whole of the ET threads, first putting everybody but Spyder on ignore...that saves you months and helps eliminate confusion. Focus on the coarse tools only. Yes, is a lot of work, I know...:-) Also, start marking up charts, starting with the tapes. hth, Vienna
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Vol (IBV,DBV) = Volume, IBV= Increasing Black Volume etc Vol (I-V) and what are the levels eg 1.2 1.5= Pace levels (horizontal lines on Vol pane), 1.2= 1200 contracts Mode (C,X) : C= continue, x= change This is just the way I log things...as I said, please modify as desired.
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My tape cycles http://www.traderslaboratory.com/forums/technical-analysis/6320-price-volume-relationship-377.html (Post #3016) are actually referring to JH Clean Page 1 (not 4), attached.. found it. hth, Vienna
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One more resource (which I found invaluable) is having a mentor... I will not mention his name because I do not know if he likes to be approached etc., but I found to have someone who can help clarify things directly on skype, suggest drills etc. to be a huge help, and I am very grateful that someone gave me his time. Learning this by asking questions on a forum can be a bit like trying to learn Chinese by posting. Of course, the actual work has to be done by the student, but it was my mentor e.g who suggested I do the volume drill... Good trading, Vienna
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Logging...in this case it was a remark by Mr. Black in one of the Journals, where someone had asked him a question and he said he found logging "indispensable". I thought "if it's good enough for Mr. B, it's good enough for me"... I experimented with Logs, but was not satisfied until I had changed the format from vertical to horizontal, so the log actually goes left-to-right, like the chart...you can actually see the gaussians, which helps with clarity... perhaps useful for someone, modify as desired. If it already exists, I apologize...did not see any in this format. You need 4 sheets per day, and it prints on legal. I use red and black pens for clarity. Attached an example of a filled-in log and the excel file. Cheerio, Vienna 2011_04_11_4 logs.pdf V LOG.xls
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Attached please find the instructions... Once you get the hang of it, it's actually fun...don't cheat... Vienna THE VOL DRILL.pdf
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In order to give some help to beginners, I thought I share "the ultimate Volume Drill". I did this drill several months ago, when I was getting seriously into this method, and found it to be an absolute eye opener. I had seen Spyder's admonition that "the answer might reside in the volume pane" so many times that I started wondering what I had been missing. The idea of the drill is to draw every price bar (all 81 or them) by looking at the volume bars only, in realtime. I practiced this drill for 2 weeks, all day long. At the beginning it was very frustrating, but towards the end I was amazed how much was revealed by the volume bars alone: I even started to correctly guess where a bar closed now and then, I could pick out doji bars etc. I highly recommend this to anyone who has not done it... it instilled a habit to be aware of what volume is doing all of the time. Spyders's volume drills on ET- which had previously mystified me- became pretty clear. One could do this drill by pasting a sheet of paper over the price portion on the monitor, but I think I found a better way. The first thing you need is a screen-grab software. I am used to "Hypersnap": I find it easy and intuitive, but this is a personal preference, there are several inexpensive programs on the market. My next post will contain the instructions in detail. Attached please find some examples/results of this drill.The charts are pasted together EOD, the middle pane shows the actual price bars (invisible to me during the day), the upper pane the bars "guessed" during the day. HTH, Vienna 04-13a.pdf 04-14a.pdf
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I think you are wrong: 0.1% of TRANSACTION VALUE means: 130k eur x 0.1% = 130 eur for buy and 130 for sell. total 260 eur. or over 10 dax points, or 4 ES points. If it were just a small fee, of course, you would be right...no course of concern at all.
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This is probably OT...just came back from London, and saw news there that both Sarkozy and Merkel just agreed on a Financial Transaction Tax.They will meet in September to make a resolution on it. Christine Laguarde, the head of the IMF, is also a big proponent....seems the writing is on the wall...Given the fact that the US (Clinton and Obama) so far argumented against a "unilateral" FTT, but might change their tack now that it might not be unilateral: What is your guys strategy to deal with it, should it occur? The numbers thrown around (.005 on the value of the contract) equal a $200 tax per lot per roundtrip ES, which would make at least the advanced method obsolete (not even the masters could slalom in and out with such a heavy toll on each turn).... So- question to the experienced hands here- what would you do (markets, timeframes)? Thanks, Vienna
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and here the same from Spyder... HTH, Vienna SPYDER BAR BY BAR ON SEQ COMPLETION.pdf SPYDER POST ON CHANGE- CONT BAR BY BAR.pdf
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MAK bar by bar, for me, a few lightbulbs went off by following the bar-by bar HTH MAK BAR BY BAR.pdf
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Found the following useful, pasted it together. HTH, Vienna JH- NEOXX BAR BY BAR.pdf
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Actually, on second thought, the doc was about how to place tapes...so I think it is correct. In cases were you have closes that change the direction (Intra bar Gaussian Shifts), the tapes stay the same but an arrow denoting (future) change should be added... Best, Vienna
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good point, you mean ibgs etc., which would constitute an IB change signal..... I did not add it since the original text (JH clean page 2?3? It's somewhere in this thread) does not refer to it.... probably I should.
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sorry attachment did not go through... VIENNA TAPE CYCLES.pdf
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Perhaps the attached helps...did this some weeks ago...is based on one of Jack Herhsey's "clean pages" (forgot the number)- anybody feels i missed something, please correct. Cheerio, Vienna