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jbarnby
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Everything posted by jbarnby
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As spyder wrote previously on this thread, to get to pt 2 of a tape (or any fractal) you need a faster fractal container. If you think pt 2 of a tape (b2b) can be on the 0955 bar (02/19) then you're not handling VE's properly.
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All a tape. NOT a traverse!
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This Traverse contained LOTS of good learning material. I hope some will find this example helpful.
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At that point in time we didn't have permission to build a med nondom gaussian.
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Your request is not unreasonable...and you're not the first to request it. Nothing would have pleased me more than if I could have simply referred my friends (earliest students) to this thread and set them free to learn the method. But unfortunately, while there is a WEALTH of information herein, I didn't find it enough (for me personally) to fully understand fractals. Other's experience might be different however. As to why I don't provide more direct clues....I try to walk a very fine line. Why? Because I wish to respect Spyder's wishes as to how much information is fully revealed in a public forum. Clearly he could have chosen to provide direct answers throughout this thread, but he chose a different path, wanting the market to provide those answers, not the teacher. Whether we agree or disagree over his method of teaching, it is what it is. What I have done is posted fully annotated charts (something he chose not to do) and provided some clues as to where I found helpful information.
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Without a fully (and correctly) annotated chart one cannot say whether the trend is near completion or not.
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[2:29:00 PM] Erica Walker: sometimes it does feel like this method is magic. i'm having a "smh" moment in a little bit of awe...! A realtime skype quote from one of my "newer" students today in our trading room. I thought her comment was pretty cool. Stay motivated!!
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I like to refer to these as "guidelines" and not rules. I had this same discussion with a couple of my students this week about reading the market. Same applies to using IBGS or OB's to kill laterals. First and foremost, I default to the sequences and determine can we use a specific bar(s)/volume to complete a sequence or not. Because when you think about it, the role of most laterals (not all) is to take us from 2-3 of something, right? How we go about completing something can depend on how/when we kill the lat, as well as the type of lateral we're working with. Sequences sequences sequences!! Just ask the students who have progressed to my live trading room - what do I harp on all day every day. Without hesitation they would tell you "sequences". Become proficient at those and you'll know exactly when your fractal has completed and exactly when you have permission to look for change. I had a student yesterday who got a little rattled in real-time by the 1120 bar. But there should have been no question at that point in time - the market had NOT yet completed it's sequence.
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The question sounds simple enough but it's really a bit more complicated than i can fully explain here. When you're able to see all the fractals at play, even at the finest level, you can (as spyder said to me once) move everything down one fractal. He actually walked thru a sequence one time doing just that...which kinda rattled my mind at the time. But volume does play a keen role in our analysis. As has been pointed out in this and other threads, increasing dominant volume confirms pt 3. You will never have a tape/traverse/channel without confirming inc dominant vol after a pt 3. One of the most consistent errors I see on charts is misinterpreting increasing volume, and how it relates to formations. I wish more folks would work hard to differentiate that relationship. Additionally, many of the answers to sequences and volume reside in the relationship of peaks & troughs. I spent so many years playing with trendlines (which are important) but failing to realize all of the important elements of volume that really tell the story.
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One of my favorite exercises in this entire thread. In fact, I love this channel drill so much that I use it as part of the training for each of my students. There's a TON of information within this drill, and it may take you a long time to piece it all together, but it has a bit of everything that one uses in their daily decision making process...sub fractals, containers, ve's, pace accelerations, unobservable events, etc...this list goes on! If you have a problem maintaining fractal integrity, this drill will be a challenge. I don't have time to lead a discussion on this exercise, but I thought it worthwhile for some of you to revisit this drill, and perhaps work through it together. Spyder tells us that a new channel begins at 1415 on 10/13/10. The channel ends at 1030 on 10/15/10. Good luck!
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My recommendation is Spydertrader only.
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Ha - in all honesty I don't recall that I ever went back and reworked those channels. But yes, those were supposedly channels.
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I have to be totally honest - I should retract that post from Sept 2009. The answers I initially thought I found didn't prove consistently successful. IOW, it wasn't just a lateral problem. Turns out I continued to have "fractal issues" that needed to be resolved. It took me considerably more time after this channel drill to sort those out. But I imagine that experience sounds familiar to many of us - thinking we have had a breakthrough only to find it didn't hold up long term. Such is the nature of this journey, right?
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Here's my data for you to compare.
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Hmmm....i do have a clear ftt @ 0935 on TradeNavigator. There seems to be a data issue here? edit: upon closer inspection it appears a LOT of your bars display different data than mine. For instance, the open/close is slightly different on many of your bars. I assume the range is different on some as well.
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Clearly there are spyder "gems" of information scattered throughout this thread. Some of the exchanges around fractals and gaussians in October 2010 could be quite helpful in my opinion.
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It doesn't appear you need my help at all!
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I do follow ehorns annotations, but as I stated, they are not correct. And to be honest, had I commented or posted my chart at that time in 2009, I probably would have annotated similarly to ehorn. He and I used to work together in a daily chat group. But there were many things I did not understand at that time. The volume sequences, necessary order of events, and combination of trendlines prevent this from being a traverse. But in any case, it looks like we will have to agree to disagree. All the best to you!!
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I've stated before (in a previous post) that I think it's very difficult to teach and/or learn this method from a forum such as this. So many things are open to misinterpretation. To my knowledge there haven't been a lot of long-term success stories from this thread or previous threads on another site. Many have adapted this method or "merged" it with other ways of viewing the market. And to be honest, spyder changed his own personal approach when he started this thread on TL. Prior to the start of this thread he annotated as many as five or six (or more) gaussian levels, but he never posted those charts in a public forum. However, in 2009, he adjusted his approach to only annotate 3 fractals at most....tape, traverse, & channel. With that said, I certainly don't want to discourage anyone from studying. Just know that it will likely take a long time before you "see" it. It definitely did with me and that was with a lot of support and help outside of this thread. I mentioned before that I privately mentor a small group of folks....but even with the day-to-day support and our frequent discussions, it takes some time for folks to 1. learn the method, and 2. learn to trust what they see and act upon it. It's a process - and not an easy one. Hang in there!!
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Sure. Volume sequences.
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It was a nondominant down tape and what came next verified it as such. (btw ehorns gaussians are not correct) I had forgotten what came next but thanks for posting the next day's chart. I keep encouraging folks to reread this thread's discussion from the fall of 2010. The answer to what something is (or is not) resides in the price AND volume pane. I spent a long time working with spyder outside of this thread, but later found that most everything one needs to be successful is right here within this discussion.
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I tend to agree - only one correct way to view this imho. And the answer for me (in this example) comes clearly from the volume pane.
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I haven't re-read thru those old posts but I also recall the same as filtertip. And fwiw, i would see it as a tape as well.
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There was good discussion in this thread in Oct 2010 about nesting. Additionally, pace can influence how a fractal is constructed, and what is observable vs what is not observable.