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NYCMB
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Everything posted by NYCMB
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Hi innersky, Thank you for your planning to code indicators for lateral formation. The updated rule for ending a lateral is here--- ----------------------------------------------------------------------------------------------------------------------------http://www.traderslaboratory.com/forums/technical-analysis/6320-price-volume-relationship-501.html#post179301 Conditions that End a Lateral: 1. 2 bar closes outside that in of themselves do not create a formation. 2. OB (regardless of the bars close, on increasing volume over the previous bar) that pierces upper and /or lower boundary on increasing volume. 3. Up IBGS on increasing volume (over the previous bar) that pierces the lower boundary. 4. Down IBGs (on increasing volume over the previous bar) that pierces the upper boundary. 5. A close outside the laterel that would be a 3rd close outside but being a bar subsequent to point 1 above. (ie: 2 bar closes outside that do form a formation in of themsleves and hence would not end the lateral but then a subsequent (3rd) close outside, after the formation, would end the lateral). ------------------------------------------------------------------------------------------------------------------------------ Please notice that there is Stitch with IBGS condition. I would like to provide necessary images of ending laterals if you need them for understanding the rules. May I ask you to update BarPaint2 (marks for IBGS) besides PV-BarFormations indie? TIA
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Hi Filter Tip, I have question regarding the definition of IBGS. 9:45 bar (close of, bar 3, May21, 2010, Open: 1064.25, Close: 1064.00. Do you consider bar3 an IBGS? If Yes, then bar3 sets a Complex BBT. If No, then bar 4 which is the second bar of EH (Hitch) formation sets a CompleX BBT. Could you comment? TIA
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Hi Heisenberg, Two charts for you, they are from NinjaTrader. The 3-day chart is 10-minute and degapped.
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Hi Filter Tip, My questions are regarding to the quotes above. S...Filter Tip: There are definitions for Laterals. Dominant Laterals and Non- dominant Laterals. Q...NYCMB: What are definitions for Laterals? What is Dominant Laterals and Non- dominant Laterals respectively based on your conclusion of research? Could you provide rules and chart examples for both? S...Filter Tip: Laterals we are permitted to annotate through and those we are not permitted to annotate through. Q...NYCMB: Could you provide rules and chart examples for both? TIA
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The attached two degapped charts are for Spydertrader 07/14, 2009 drill which has been under discussion recently.
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Hi cnms2, RTH pace, Dominant volume slope and Dominant volume slope make my pea brain spinning. Attached is a multi days of 30-minute chart and PV relationship is very tricky. Could you kindly annotate the chart with RTH pace rule being applied and some brief explanation? TIA?
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Hi SK0, As shown on your annotated chart, there is a down slope of volume from the market open till 13:00. How do you know that you have a dominant traverse? Please see the attached 3Aug4Aug2009 for two full days of chart. TIA
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Hi SK0, Is my chart coorrect regarding to Dominance and Non-dominance based on slope?
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Hi SK0, How do you define your XB? Please see the attachment. TIA
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Does anyone know the logic why Spydertrader painted those bars in Red or Black? TIA
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Hi 203NG, Is the chart for ES 18June2008? TIA
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Hi TL moderator, Could you delete this post (# 2955)? I made a mistake by mismatching chart with post. TIA
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Hi gucci, Thank you for sharing your insights of the market. the following are my guessing works: A. 10:10 bar ---closes outside Lateral Movement on increasing volume B. 10:15 bar ---Signal of change. Reasons: 1) IBGS on decreasing volume 2) ftt of down tape starting on 10:05 3) ftt of 2-bar down tape starting on 10:10 C. 10:40 bar --- Red bar on increasing volume; but, its close is about one tick below the open which is at the top of the bar. Thus, 10:40 bar does not show down trend will continue. D. 10:50 bar --- I can not see clearly the top of this bar. It seems the bar is either a Stitch -Short or OB-Short on increasing red volume and closes at the bottom of the bar. As usual, I have great difficulty to correctly anticipate WMCN regarding the direction of either a Stitch or OB. Still, I'm not able to find reasonable answers for myself after trying. Could you kindly give correct answers for the questions listed on the attached chart which was slightly revised based on http://www.traderslaboratory.com/forums/attachments/34/24592d1305539570-price-volume-relationship-moreoverlap.jpg ? TIA
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Hi gucci, Thank you for sharing your insights of the market. I'm not able to find reasonable answers for myself after trying. Could you kindly give correct answers for the questions listed on the attached chart? TIA
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Hi gucci, The attached chart was taken from your annotated FDAX March9, 2011. I got two questions after a closer look of the image--- A. What's the significance of the slant line which connecting bar 38 low to bar 42 high? Do you use it as a visual aid to determine something? B. Bar 43 is a difficulty for me to read and anticipate WMCN because--- a. Bar 43 has increasing red volume and its close is below the low of bar 42. b. Bar 43 broke the RTL of bar 40 to 42 c. Close of bar 43 sits on blue trend line and above forest green trend line. Could you help to solve the stated questions A and B ? TIA
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Hi gucci, Bar 10 is OB on increasing volume, bar 7 is IBGS. Do you treat bar 7 as Red bar? TIA
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Hi gucci, Thank you for your post pointing out bar 75 is FTT. Could you elaborate why bar 75 is FTT; and, bar 70 is ftt? Do you compare volumes of bar 70 with bar 75? TIA
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Hi corey, I meant Symmetry. TIA
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Hi corey, Could you post a chart sample of Symmetric which you talked about in Paltalk chat room? TIA
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Hi corey, Smart idea! You make the system good for the fifth grade. Could you advise on the blocking issue? Please see the attachment. TIA
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Hi corey, Thank you for Paltalk price action trading room. I hope I can figure out how to contact other 3 members on 31January2011.
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Hi dear All, Here is one more Christmas gift from SKO--- ======================================================================== This is a graph that I made as a reference when I found myself confused in the nestling. ======================================================================== Big thanks to SK0-.
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Hi Dear All, I like to share with all of you an unique Christmas gift which I receive dfrom TL member SK0--- ================================================================================================================================= When it comes for a Tape to breakout RTL with increasing volume to form Pt 2 of a new Traverse, things can get complicated if one tape could not do the job. That is where a non-dom Tape followed by another dom Tape are needed to do the job of breaking out RTL with increasing volume to represent the first price movement of new Traverse which Spyder called it Fast Fractal Traverse. So, you can expect third price movement would be in Fast Fractal Traverse pattern too. As demonstrated in Gucci's charts, we could anticipate fanning after a FTT if we know the first price movement is a FF Traverse, not Tape. ==================================================================================================================================
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Hi gucci, Congratulations on your success trading JHM. Are the chart notes in red rectangle for bar 15 or 20? TIA