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cnms2
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Everything posted by cnms2
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A quick note: that was rs5's chart to which I added two annotations (in the highlighted areas), for the sake of discussion.
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A different way of seeing those "goats" when the pace slowed down and a finer fractal became visible.
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These guys didn't do their MADA ...
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Interesting to notice the difference between r5's and ehorn's charts in including the two containers from the 1040 to 1345 period in the down respectively up slower fractal container.
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From the height of your volume bars on your chart I'm guessing you're not looking much at the volume information, and you're using that pane mostly to log your price derived annotation. Don't forget that this method is based on price and volume, with volume leading the price.
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It seems that your gaussians don't support your price annotations.
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Can't argue with such performance I just thought that I can incite people to an interesting discussion I, and maybe others, could learn from.
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Congratulations! Nice trading!
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In this case I don't understand what did you mean with your 1150 am edit "EDIT: 14:40 OB was a wash...". Where did you see the previous two reversal points: the "long", and the "short" before that "wash"? I noticed on your chart that r2r, but you seemed to expect it to be followed by a b2b.
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It might be interesting to discuss why at that point the right side of the market was still short, except if you traded ftt to ftt (FFs) and reversed short there again.
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I've annotated a lateral at 955 (your time).
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My suggestion for the area you found confusing.
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For more on IF1, IF2, APA from the horse's mouth check Grob109's posts here and here, and BlowFish's attachment.
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From your reply I infer that I didn't express myself clearly: I was stating that on the 5 minute chart you may see finer market fractals only during the low volume periods (usually midday). So I was suggesting that the best trading (and non-trading) fractal for the 5 minute chart may inherently change function of the pace. It may not be optimum to stick to the same market fractal always. There are volume variations between days too, hence one day you trade one market fractal, another day another fractal.
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At 1050 (attached chart), in real time, the blue highlight seems to show a complete (volume, price) sequence on the L2 fractal. I think one difficulty arises from the fact that on the 5 minute chart at different times during the day different market fractals are observable, function of pace. So we can talk about market fractals, observable fractals, trading fractals. I believe that it is very important how we choose the trading fractal (including the sidelining fractal ), and it may be more important to emphasize the hierarchy of the observable fractals, than that of the market fractals. In the end we are interested in making money and not in making beautiful charts.
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What do you use to differentiate among fractals? What components are you talking about?
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Firstly, I believe your volume data contains a few errors. Compare it to rs5's.Secondly, your pt1 for the up trend doesn't seem right.
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I think that those four laterals add clarity.
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I preferred to annotate differently that area: pt2 to pt3 decreasing volume.
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Overlaid (yellow) over your 3/17 annotations.
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I just meant that not looking at the price may keep you from seeing what's not there.
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I wonder: how would you draw those gaussians if you didn't see the price at all?
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I don't quite understand your view here... I considered the volume sequence, and removed the price gap. I didn't look for a double top.
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I considered 1525 (open) bar (decreasing black volume) as the non-dominant move of that container (incr red, decr black, incr red). Especially during high volume periods, which usually happens at the start and the end of the day, you could have traverses where moves can happen over a single bar (I remember some examples provided by spydertrader)..
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The day starts looking for pt3 up. Bar 1 is usually much larger volume than the 80, 81, so I wouldn't call it peak volume. It sets pt3. Bar 2 is translation on increasing black volume. Its close is a great place to enter long (or wait if the second bar is too early for your level of confidence). Bars 3 and 4 are translations too on decreasing black volume anticipating change. Bar 3's mode is up, bar 4's mode is down (decreasing volume and close outside). Bars 5 and 6 are FBPs on decreasing red volume building a lateral (after pt3). Next bar breaks down on increasing red volume. You could've reversed short on bar 4 (highest high, and highest close), or a little later.