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jbarnby
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Everything posted by jbarnby
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Well, honestly it's quite a bit more involved than that, but i suppose that's a good place to start. There are many other considerations as well, and one must understand the concept of nesting the fractals too.
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I mean r2r2b2r and b2b2r2b.
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Well hopefully you noted that the peak is around 1600 - nothing unusual there. But there are other ways of knowing. Sequences!
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Is the trend (fractal) complete yet, or is there more to come? How would you know? Some of the best advice Spyder personally gave to me was to spend more time studying the volume pane of my chart. The trendlines tell us where our points reside, but the volume tells us what we've built.
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Actually, Spyder never posted a fully annotated chart with only three fractals. Older charts from previous threads were annotated in a different fashion, and often contained much more than three fractals. Perhaps that's why he frequently encouraged folks to ONLY study this thread.
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Looks to me like you're missing an important piece about fractals and the relationship of faster fractals to slower fractals. I'll try to post a new chart or two within the next week.
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It's a general comment to everyone. Within this thread, spyder speaks very specifically about how to reach pt 2 of ANYTHING. And he also talks about how each container must complete an order of events. Now, think of the things (from his old ET journals) that he DOESN'T discuss in this thread. Perhaps there's a very good reason.
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I know this sounds like heresy to some old timers who studied all the journals in the other threads. But if you want to succeed with only three fractals, you need to re-read this thread and throw out everything you thought you learned from the old ET threads. A lot of the old tools, such as the moving average, dom bars and where they close, lateral movement, fbo's, etc, will only lead you astray. I know a lot of folks, like Mr Black, have adapted some of the old rules into a formula that works for them, which is great. But for those that are new, or still searching for success, I might suggest heeding spyder's advice and concentrate exclusively on this thread.
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First, he crossed a previous RTL. When you cross a rtl increasing volume is implied. IOW, anytime the market crosses a rtl it must have gone x2x on some fractal. Second, our gaussians must match our trendlines. The gaussians, which are built in the volume window, tell us what fractal we have.
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I'm believe I'm familiar with all threads about this method but I do not recall any significant discussions about nesting prior to this thread on TL. If I'm wrong hopefully someone else will correct me. I found the most valuable discussion in this threat to have taken place around the October 2010 period. Hope that helps.
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In my opinion there was probably good reason for that. As Spyder stated in the past, this is not so much a method that lends itself to precise entry/exit discussion, but rather about learning to read the market and knowing what must come next....completing the required order of events, if you will. I tend to believe that when one successfully learns to read (and nest) the order of events, the entry/exit becomes a bit obvious and doesn't require a lot of discussion. With that said, I prefer to trade exclusively at the Traverse level. Sometimes, if the sequences are ridiculously obvious at the faster fractal, I might drop to the next faster fractal for a trading opportunity. But that's purely discretionary and only gets easier as one gains more experience. This is NOT a method about making numerous trades throughout the day. Sometimes we find ourselves holding thru an entire day as the market builds only a tape. At other times we may have to carry our trading fractal across multiple days while we wait for the next opportunity. While some might disagree, I tend to believe that this method cannot be fully transferred through public forums and high-level discussions. Bravo to Spyder for trying and providing many of the fundamentals and basics in this thread (and they are here), but full understanding for me took many years of blood sweat and tears (literally).
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Additionally, for many months now I've been mentoring a group of close friends, many of whom have left corporate employment and are now trading profitably full-time. So hang in there - IT CAN BE DONE!
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I've had a lot of success with this method. While I'm grateful to spyder for his insights and guidance, most of my success came through self-discovery, using the basics described in this and other threads. I will upload a couple of recent Traverses in hopes that it might encourage others. Success will only come after you achieve complete understanding of how to build containers correctly and manage fractal nesting,
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That's interesting because 1010 was pt 3 of my UP traverse and the final container for that traverse didn't complete until 1410 on 07/05/12. And the down traverse did not complete yesterday (on my fractal). But then again I'm requiring three equal weight containers for every fractal (unless we have pace accel)....per Spydertrader.
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Hi, hope you don't mind me sending you a private message but I'm hoping maybe you can help me work through an issue. I'm sure you recall the chart you posted of the channel which began on 10/13/10. Spyder commented on one of your later versions that you were very close to correct. I have saved your version and studied it on/off for months now, but there is one issue I cannot find a way to understand, and maybe you can help? Specifically, you carried your skinny r2r gaussian all the way to 1015 on 10/14. I know there must be a valid reason for doing so, but I simply cannot figure it out. Thanks so much. John
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If I'm not mistaken, Breakeven's snippet is the last leg of the channel from 10/14/10. I'm sure he'll correct me if i'm wrong.
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Here you go - 04/27/09
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Nope - the chart date is 06/03/09
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Ahhh yes - I remember this day very well!! I recall working on this for weeks! Here is a blank version for those who need it.
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Well, my good authority was Spydertrader and his detailed analysis did not include this as a lateral. Hope that helps.
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I thought this might be interesting to see how folks would annotate the skinny gaussians up to 1105. Particularly following the recent discussion of when/where to draw a nondom gaussian. It appears that while some look for a legitimate down container, other's might draw their nondom gaussian to a sym pennant formation, etc. Should the requirements for a nondom container be the same on every fractal? Or are they different for the skinny (fastest) fractal which we monitor?
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I thought this might be a fun sequence to bring up for discussion. I have it on "good authority" that this snippet represents a Traverse. For context, this is a non-dominant traverse of a down channel. We have a complete skinny cycle up to 1105, then a down tape followed by an up tape. Would you have seen it as such? Why or why not?
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Trading fractals green/purple
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Trading fractals are green/purple
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Hi NYCMB, How I was previously interpreting the gaussians in lateral areas might be quite different from annotation issues others might or might not have. The point of my post was not to suggest that laterals represent a problem for other folks, but rather to encourage those who are still struggling to not give up on the channel drill. I learned a lot from the drill, of which laterals was a very important element for me.