Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
vienna
-
Content Count
190 -
Joined
-
Last visited
Everything posted by vienna
-
Attached please find Jack Hershey's Document "Clean page 4", but for a down-channel...perhaps somebody finds it useful, HTH
-
I think he starts numbering the bars at the left side of the screenshot, not at the open...see the chart in my last post for the bar numbers....
-
2 Newbie question: You have 4 fractals on the chart. I thought there were normally 3 and you trade the middle one for coarse level.... Is the green lt channel the 4th one and would you trade the dark green/ orange traverses for coarse?
-
Is this always the case? TIA
-
Now this is interesting! Are you saying that if price goes all the way to the LTL, you actually KNOW that wmcn is a new Pt3, followed by a new attempt at the LTL? Aren't there channels that end with a LTL touch or even VE? TIA
-
I must be missing something? Please see attached...BTW, this bar-by-bar stuff is super helpful- thanks!!!
-
Thank you. "Waste of time"? What exactly? Didn't you tell me it took you 4 years to "get" this....am looking at this for a few months.
-
didnt take the attachment
-
my 2 cents...for what it's worth
-
Ok, general question: You guys know the video by Eric Wilson where he trades the RTL breakout, not even the FTT's? Very basic stuff it seemed (he says "I do not tape" in the video), and apparently stays pretty much in one fractal for 2 to 4 major turning points per day, always in until he gets a TL Break with R2R or B2B. (Since then, It seems that since then the method has changed a lot- there even used to be indicators etc, it has also gone micro, breaking it down into the smallest parts). My questions are: 1. It seems that Eric was successful doing this. Am I wrong in this? (If he was successful, does anybody have some contact info for him, PM me)? 2. Are there people on this board that can trade profitably the way Eric did? 3. Gucci says above that at the beginning, Spyder was "jumping fractals". Apparently, however, Spyder could still trade successfully doing so. Is this correct or am I wrong? 4. If so, is there anybody here who trades the way Spyder originally did in the ET thread, and with success? You see where I am going... it might be much more profitable to trade it the way presented here, but perhaps the easier way for me is to approach it from coarse to fine.. Thanks!
-
OK -you need to complete the B2B2R2B on the finer fractal before you look for an FTT?
-
Yes, thank you.Will try to put one together.
-
[quote= Re. FBOs there aren't any. Arrgh! What does that mean "there aren't any???"..when did this change in the method occur? So the whole coarse level in the futures thread is now "old method"? I don't really care about all this fine fractal stuff, am OK with coarse. Just want to hit the major turning points... I understand that an FBO in one fractal is something else in a smaller fractal...(Btw-aren't YOU jumping fractals then?)... I get an FTT in an upchannel, now an FBO happens in the same fractal level as the channel- when do you know it is an FBO (which I guess refers to the JH wash trades)? Re your chart: only the third one would have been an FTT (in my way), based on volume. When would you have known it was an FBO and exited?
-
Thanks, that's better...I was about to quote you from ET in 2008 where you ask Spyder "Spydertrader, I've reread it several times now and perhaps due to the fact that english isn't my native language I still can not understand it. Can you just help me by answering my question???"....LOL Regarding the FBO's: I understand it is not a question of time, but of action taking place bar by bar. What I mean refers to what Spyder wrote :"After an FTT manifests, we have three possible results: 1. an FBO (Failure [of Price] to Break Out), 2. a BO ([Price] Break Out) or 3. another FTT (Failure of [Price] to Traverse). Which of these occurrences materializes also maters not, as the trader profits first from the price changes occurring between the FTT point and the resulting 'end effect' (FBO, BO, additional FTT). The trader profits second from the resulting actions taken (Exit, Hold or Reverse) once the 'end effects' of the FTT play out." So- what do you mean "If you take your action on ftt (the "real" one) you can not expect any FBOs"--??? How does an FBO (as Spyder defines it) manifest itself? TIA
-
No, I apologize. It seems that I have not mastered the art of asking a question that can be answered other than by a koan. Regarding your answer "you mixed up a couple of fundamentals in your question", I apologize for doing so. I would have to ask another question as to which fundamentals you mean by that, by which action I would only prove again that I do not know how to ask a question, for which I apologize.
-
Thank you. Perhaps somebody else can? Seems like a simple question to me. If you don't want to pollute the style or the thread, please PM me. I understand that Spyder set the style of this thread by letting people find the answers themselves. However, many of the people here asked questions for years and years on ET and got clear answers, which obviously got them to where they are...
-
Where do you guys exit? Let's say you are in an upchannel...you get an FTT, you short... price goes and touches the RTL...now you either get a Breakout or an FBO. In case of Breakout, you should see increasing Red Volume...but within what timeframe? How long do you wait to make up your mind if this is a BO or an FBO? If the bar that touches the RTL goes through with conviction, it is easy...but I had some instances where price stops exactly there (but you only get increasing black 2 bars later, getting a small loss- had you exited at the RTL, you would have profited a point or two), some where it walks the line, and some where it does either but eventually goes through. Thanks, Vienna
-
Any of you guys going to the money show in NY?
-
That is funny...that is exactly what I did! I figured if any of the contributions were useful, Spyder would respond to them...so they should appear in his posts.
-
Thanks for the kind words!
-
-
1 tick obviously. Why don't you shoot for 1 pt with all 4 lots for a total of 4 pts?
-
A "bad idea"? How so... because I voiced a question? Isn't that a bit thin-skinned- I said "in no way disparaging"...trying to understand that's all! "my theory is very simple if you learn how to id a specify seg of fractal then you id them all'... yes, that was exactly my point...so...why, if I may (respectfully) ask this question again, do you trade a portion of one leg and not the whole sequence? Did I perhaps misunderstand you? Are you saying that you normally trade the whole sequence, but for teaching purposes you split it up? I thought you always trade this way. I remember some JH post on ET where he talks about trader Greenspan who scalps for a tick with 140 lots, and I think he calls him an example of inefficiency... so, just wondering...
-
Some more thoughts: It seems that many are struggling with the whole fractal issue...and it seems that you have developed a method that identifies one specific leg of a sequence (such as the 2nd 2B in a B2B-2R-2B sequence) and then takes out a small amount of that leg with high reliability. Now- if you can identify one specific leg with such high reliability, why not the END of a whole sequence for a longer trade? What I have a hard time understanding (and I mean this in no way disparaging!) is that years of study of this method would not result in being able to identify the major turning points, and that being able to define one specific leg so precisely does not automatically lead to understanding a whole sequence? After all, what is different about identifying the 2nd 2B from identifying the R2R which should start a whole new sequence? In the old ET threads that I reviewed, it seems to me that Spyder went from coarse to fine...he talked about identifying the FTT before there even was any precise Gaussian annotation on the charts, that came later..?
-
That is true of course, but neither am I you... just have never traded a method where the target is 1 or two ticks, with the risk not really defined, no matter how much volume there is...but, like I said- thanks for sharing!