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cnms2
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Everything posted by cnms2
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Quick comments:I believe a few useful laterals could be drawn (e.g. 1125 end of bar). In my view, some gaussians you've drawn don't accurately reflect the volume trends.
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I believe the upward movement starts earlier than you annotated.
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A few notes on the 12-02-2008 down-trend sequence.
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See post #4 .
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Me view is that the up move starts on the 0955 bar (5th bar of that day), and then accelerates. That chart dates from before this thread, and it doesn't include the adjusted carry-over.
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From outside may seem amusing how we read the same things, but emphasize and conclude different things. To me the highlighted phrase says that alternation in dominance should be reflected in the annotated color (as it is important), but that it is not always the same as the volume bars' color. For a red container the gaussians should be R2R2B2R while volume bars may not exactly mirror this (note: the first R is the last non-dominant of the previous, overlapped black container).
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OBs are new PT1s.R2Rs are were black RTLs are crossed. Try to be very accurate with your annotations, and build them up from the finest observable both on volume and price.
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I see. .
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It seems that you decided that the nondominant gaussian color doesn't matter. Would you explain why does it make things easier for you?
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You drew the wrong conclusion here, and your reaction doesn't help you either. If you want people to read your posts and feedback their opinions, try to ask short, clear and pointed questions accompanied by small, clear and meaningful chart snippets. Don't crowed one post with multiple questions, and avoid hypothetical scenarios that you can't back with actual data. Any way, when the pace is slow finer fractals are observable. You have to identify them as such.
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Spydertrader's first words of this thread: (my highlights)
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This looks nice .
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This looks more balanced.
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A closer look at the two price bars.
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A closer look at volume peaks, and at peaks of peaks.
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A quick interpretation.
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"... So B2B means Black 2 Black and that is a description of the price and volume move from point 1 to point 2 of the parallelogram that forms the analytical container used for decision making to continually extract money from the markets. Point 1 is beginning of B @ a peak in volume. The volume reaches a trough at 2, the BO of the RTL. So the trader "reads" this as increasing price and decreasing volume. A more general term is used for price;from H1 (Hypothesis 1) the term is continuing. The trough of volume coincides with the BO of the RTL. Price is B as it goes frther outside the old trend to a point 2 where volume is increasing to its peak. ..."
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Can't understand why you decided not to follow Spydertrader's advice (posted right on this page): furgeddaboud other threads than this ...
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,,, "randomly"? Here's some guy's suggestion: "Conveniently volume, leads price. This makes annotating a process whereby volume is annotated first and price is anotated second."
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I understand your position (I think), and your need to have clear rules and examples to follow. Recently I expressed my view on this; others disagreed. You have to train your eye / brain to look at all signals, on at least 3 adjacent fractals, and to come with a decision for each of them at the end of every bar (at least). Instead of asking a general question like 'how to stay on the same fractal", getting some general answer / opinion (e.g. "follow volume pace"), asking for more specifics which would require significant time and work from the respondent (see your last post), it might be more productive for you to submit actual chart snippets you worked out as best as you could (going through several iterations, spending more time on them), and ask clear, limited in scope questions. Then take the replies with a grain of salt (excepting Spydertrader's and Jack's, which you should carefully read multiple times, looking for the deeper meaning, beyond your first impression). Coming back to your last question: look for, and compare the absolute and relative volume levels (pace) of the ftt=pt1, pt2, pt3, ftt=pt1 of each fractal.
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Watch volume pace ...
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This method is not about hard rules and constrains, but about getting in tune with the market, and looking at all observable signals in each particular context. Having said that, my answers to your questions are ... 1. yes; if you correctly annotate the pt1-pt2 container (including the acceleration situations) 2. no; but sometimes the volume seems to say otherwise because the volume leads the price
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I've written a few notes (on Ehorn's chart) for the period you enquired about.
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The spikiness seems to be a factor.
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This seems a potentially instructive discussion. Maybe somebody can start it ...