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NYCMB
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Everything posted by NYCMB
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Hi romanus and all friends who are interested in Price and Volume Relationship, The attached chart (annotated by romanus) shows the point 3 of the pink ES 5 Min Traverse located within the 2nd Dominant Srquence. Normally, point 3 should be laid inside or partially inside the Non-Dominant (retrace) trendlines. Are there any trendlines missed on the chart? Or, gaussians should be placed differently? I have tried many different ways for annotating this chart; but, no satisfied solution came out yet. Would you offer your suggestion please? TIA
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Hi Spydertrader, May I use Bar 72 to end a Traverse? or May I use Bar 72 to end a Tape? TIA
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Hi sscott, I can't recall the rule that OB (bar 10 in your chart) is used to terminate a Lateral. Maybe you can check Spydertrader's post #47, 07/08/2009, 08:56 PM. See the first Lateral.
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Hi Spydertrader, I have questions regarding 07/13/2009 chart. Bar 4 BO the Lateral on decreasing volume, bar 7 is increasing red volume, but, this bar is one bar out of a formation (SYM). Dominant down sequence does not semm finished here. Bar 8 is Spike and closes inside the previous bar. I thought retrace was coming. Do you think bar 10 (crosing trendline A on significant increasing volume) or bar 18 (crosing trendline B on even more significant increasing volume) tell traders that market sentiment had changed? Or, you found more appropriate signal of change other than what I stated? TIA Hope zak wouldn't mind that I use part of his/har posted chart.
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Hi zak, Could you share your thoughts regarding bar 79 as point 2 of the first up Traverse? 1) In real time- How did you decide you had a point 2? 2) EOD - How did you decide you had a point 2? TIA
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For your specific question, you have already provided two possible answers. Allow me to add a possible third answer. One, the other or neither can be correct. Both (of your possible answers) cannot be correct. - Spydertrader Thank you for your valuable advise. I did notice the discussion between romanus/PointOne which started on 07/18/2009; and I made a real file by typing the several pages of text and printed out charts for studying and reference. You do like 1, 2 and 3. The #3 answer which told me that my previous assumption was wrong helps me a lot. Would you check my newly debriefed chart and let me know if my view was correct for the day? TIA
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If you believe the orange line represents a traverse, what must the market provide next? Did the market provide it? If you believe the orange line represents a tape, what must the market provide next? Did the market provide it? Once you can see the next thing in the sequence, then you can learn to know in advance by applying your answer onto all other areas of a chart. HTH. - Spydertrader Thank you for your detailed explanation on IBGS. I have reviewed your old posts and annotated charts which were posted before you started this thread on 07/05/2009. However, my ability of understanding JHM prevents me from choosing the right posts and charts to apply on the current case. Can Bar 24 which breaks a Formation (in this specific case, a SYM Formation; and in general, all types of Pennant Formation) become point 3 and termination of orange trendline (assumed Traverse) without confirmation from the following bar (including neutral bars like Spike and Doji) 0n Increasing Volume? TIA
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Hi Spydertrader, Two questions waiting for your enlightenment: 1) Can a Lateral Formation be terminated by an IBGS on Increasing Volume, but Close is only one tick higher than Open? Please see bar 32 in the attached chart. 2) Bar 22 is OB, Bar 23 is SYM, Bar 24 breaking the bottom boundary of SYM on Increasing Red Volume and Bar 25 is Doji which has Increasing Red Volume and close is same as Bar 24. Is Bar 25 eligible to finish orange trendline and make orange trendline a Traverse? TIA
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+1! I would sincerely suggest Spydertrader to post annotated charts on 08/11/2009 and 08/12/2009 to help traders and traders will be all over the world who are working on " learning to learn". 08/11/2009 is the day where sentiment changed; thus Down Channel ended and Up Channel began. High level of annotation technique is needed to handle Tapes, Traverses and Channels. 08/12/2009 is the day which challenges traders to find the correct bar to place point 2 of a Tape or a Traverse. The difficulty was proved by several traders who posted their annotated charts for 08/12/2009 with different outcome. TIA
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Hi Spydertrader, For each day, do we have to slide the close of the last bar of a certain day to meet the open of the first bar of the following day in the time frame you mention? TIA
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Hi Spydertrader Thank you for your comments. Is the attached chart showing the correct view from 08/11/2009 to 08/12/2009 ? Sorry for not providing the gausssians, because I did the chart in a morning hurry. TIA
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Hi Spydertrader Would you help a person who is learning and trying, but can not read the Market correctly yet? The Market of today tells me that I had wrong annotation yesterday. The questions are as the following: a) Why is the dotted Pink trendline not ES 5 min Traverse? Doesn't the 13:25 (open of ) bar finish the down sequence? b) Since the Market of today proved I was wrong, I Guess there's something I missed to take consideration. Are there any formation or price bars which were saying down sequence was not finished when the 13:25 (open of) bar presented with increasing volume? TIA
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Hi Spydertrader, I'm aware of that IBGS and Lateral Movement are wordings used no more. Is the post (see the attachment) still effective for Lateral Formation? TIA
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Hi romanus, Is it possible to place 2b from 10:55 to 11:05? 11:40 bar is lower than 11:05 bar. TIA
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Hi Spydertrader, I have Dotted, Orange and Light green Lateral Formations. Does any of them end on wrong bar? TIA
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Hi romanus, No offense here. It's very suspecious that the pink trendlines (starts at the 3rd bar) represent ES 5 min traverse. Based on your gaussians, real point 3 occured on the RTL of a tape. Could you clarify it? TIA
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A clear attachment for post #205.
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Hi romanus, I believe you posted a valuable message. However, I have problem to understand what you mean. Could you provide a chart with notes to explain your thoughts ? TIA
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Examples which define Tapes, Traverses and Channels will be very helpful. TIA
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Hi Spydertrader Thank you for advise me to focus on Gaussians for three trading fractals. May I ask you for the following help? a) Do I have orange Tape or orange Traverse? Please see the attached. b) Could you kindly place Gaussians across three trading fractals for the attaehed chart? TIA
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Hi jbarnby The analysis you did for "1st bar on Increasing Volume forming Dom-Lateral: and, 1st bar on Decreasing Volume forming Non-Dominant Lateral" is very helpful. It seems I don't complete understand your concep so far, especially OB for 1st bar involved. If it's not too mush for you, could you do the same kind of analysis for the seven Lateral Formations on july 10 ES chart? TIA
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Hi Spydertrader I look at the lower portion of my chart and found the additional infomations; 1. After 11:00 bar (oprn of) which breaking the RTL of olive up traverse and closes outside of Lateral Formation on IRV, I don't see any tiny tapes in different direction. 2. 11:30 OB (open of) begins a Lateral Formation, then Volume of Black and Red is decreasing. 3. Price bars are running inside the green up tape created by OB. Besides the above obsevation, I rechecked Ten scenarios too. Still, I can't find the characteristics of a tape or a traverse. Do you have a better way to teach a slow person? TIA
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Hi Spydertrader, Could you comment on Orange Down Traverse? It's probably a Down Tape. Points One, Two and Three are all overlapped. TIA
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Hi Spydertrader Could you comment on the placement of Tapes and Traverse? Any corections are appreciated! TIA