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gucci
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Everything posted by gucci
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The explanation is actually much simpler than you think. In the attached chart for instance, at what point in time can you be absolutely sure that the thing confined by deep pink lines is over?
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The link to this article was posted by one of the users in ET. I found it to be quite appropriate and pertinent with respect to the ussue at hand. Enjoy. What You'll Wish You'd Known
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On the Spyder chart look closely at the last leg. Pay attention to how it STARTED and what happened RIGHT AFTER it started. HTH.
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No need to apologize. The thing is, there is no point for me to prove something the market told was the only possible solution. The brick IS always be the same. Using your analogy, what about the bricks around the windows or doors? What about the bricks at the corners of the house? What about the bricks where some water or drain pipes have to be laid? Can you build a house without matching some of the bricks? Just add the context. Why do you think the system is binary?
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Don`t you see the difference? In the drill we were talking about non-dom movement. Does that seem a bit different? Why do you think the process is called differentiation? The market tells you where the right side is. Spyder explained how to be absolutely sure about whether or not the market has changed direction. My answers shouldn't matter at all. It is the market who tells. Start with thorough annotations...Well, now I'm just repeating something Spyder tried to convey hundreds of times. Edit: Remember context is king. http://www.elitetrader.com/vb/attachment.php?s=&postid=2210216
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P2 can not close anywhere. Yes. 16:20 bar represents an “accelerated point 3” of a blue traverse. Again, look at the 16:15 bar. What do you see?. You can go to a smaller time frame and see your “own” container for this 2R there. But you can see this on the 16:15 bar as well. You are trying to squeeze the market into some kind of a mold. Think. What does the movement from point 2 to point 3 represent? Why does the market move from point 2 to point 3 in a non-dominant fashion? What happens after the market finished its movement to point 3? Why does it move after point 3 in a DOMINANT fashion? What is a fractal? In order to understand the concept go to a 30 min chart, for example, and take 2 bars heading in one direction. Construct a tape. Then go to a 2 min chart contained within your two bars and see what transpired. Now what transpired on 16:15 bar? The sequences are ALWAYS complete. The market showed you that there is no return to dominance at 16:30. So 16:25 isn’t 2R. Note how I just repeat the stuff the market showed you. One more thing. The first oval is an acceleration of an actual traverse. The second one includes a faster fractal traverse in addition to the last sequence of the actual traverse. There is a big difference.
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I hope you understand the quotes. Act on them. Enjoy the results. However I would suggest you read them one more time. Especially this part: "Did the trend change, or just the channel?" But I guess you do know what you are talking about. Again, point 2 is outside.
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You are close. Now take it from here and think in terms of completion of the sequences on ALL of the observable fractals.
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The sequences always complete. Now take your answer and try to draw the tapes your suggestion implicates make the sequence complete. You didn’t really pay attention to what had transpired in the volume pane, did you? The idea of the drill was to show two different types of VEs. The first one lets you anticipate a new point 3. The second one doesn’t. Jack explained that very thoroughly in his post, link to which was posted by cnms2 in this thread. Funny how the chart of Spydertrader with two VEs didn't evoke much interest.(the chart Spyder posted in this thread) Let the market falsify your hypothesis. The sequences are always complete.
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Look at your snippet again. You answered your own questions. The sequences are always complete. As point 2 is concerned. You are right. Point 2 must be outside of the previous container. Note, I did not say "the bar where point 2 is located", nor did I say "the close of the bar where point 2 is located" must be outside of the previous container, I said "point 2 must be outside of the previous container". Think about it this way. Had you traded on a 3 or 4 min timeframe, the CLOSE of the bar in question could be outside of the previous container. HTH.
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Look at 15:50 bar closely. You’ve got an IBGS on decreasing volume. What transpired on this bar? The market stopped moving from right to left (after it completed all of the sequences on every fractal of the prior trend) and started moving from left to right on decreasing volume. What else do you need? You can verify this by going to a smaller time frame. On a smaller time frame you will be able to place your B2B after our point 1. The market doesn’t care about how we arbitrarily chunk the flow, i.e 5min, 2 min or any other time frame. You just have to keep up with the sequences. It is not inside. The CLOSE of the BAR is inside, but the point 2 is outside.
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Find the differences. Enjoy.
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If you use paint, you will be able to choose among at least 4 line thicknesses.
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Your orange pair of lines do not represent a channel, but a faster fractal thing (aka faster fractal traverse) which misses the first part of the sequence. The black pair of lines represent even a faster fractal thing (aka tape). HTH. By the way, thank you for your gratefulness, but it is actually Spyder, who deserves it.
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This should look familiar.
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The only thing to add is that not all of the VEs let you anticipate the new point 3. Some of them coincide with the completion of a faster fractal thing inside of the trading fractal. So you get the last 2X of the trading fractal AND the last 2x of the faster fractal which coincide, so to speak, and propel the price beyond LTL. You just have to pay attention and differentiate different types of VEs. In our example the market shot from RTL and beyound LTL on one bar. HTH.
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A point 2 must BE outside of the previous thing RTL. AND it MUST be preceded by X2X sequence of the volume. One of these conditions wasn’t fulfilled at the time in questionon on the trading fractal. I didn’t say it is wrong. I said we do not have it at 10:25. When annotating REAL TIME we DO have a point 3 at 10:25. So your annotations would be right. But as future comes into the present the market corrects them and shows you the actual point 3. The market moved to its point 2 (first dominant leg) creating the faster fractal thing underway. Such being the case you should anticipate the second dominant leg (2R) being created the similar way. So annotating REAL TIME at 10:25 (your provisional point 3)you anticipate the second dominant leg. This second dominant leg should be created by a faster fractal thing. So there is no way you should look for a signal of change at 10:30-10:40 area. Now try to work forward from here using the same logic in conjuction with volume sequences and you will also understand why we do not have a faster fractal thing annotated from 10:25 onward. (see the chart with the clue) HTH. http://www.traderslaboratory.com/forums/attachments/34/22827d1289141533-price-volume-relationship-drill.jpg http://www.traderslaboratory.com/forums/attachments/34/22828d1289141545-price-volume-relationship-clue.jpg
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Think in terms of "INSIDE". Why do you think I posted the chart with the rest of the previous day?
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Fractal drill. Enjoy.
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The market creates an FTT while moving from RTL to LTL, right? How does the market move from RTL to LTL? In a dominant or non-dominant fashion? Now look at the bar you highlighted. HTH. Edit: Now, it is not only about the price but also about the volume
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Have fun. You'll find the volume pane for this chart here. http://www.traderslaboratory.com/forums/attachments/34/22588d1287021313-price-volume-relationship-chart10-12.jpg
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Now you just have to think in terms of fractals. Thick thing is nothing more than a medium thing on a larger fractal. And medium thing is nothing more than one of the three thin things of a medium thing on a larger fractal.
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This is a response to some specific questions asked by one of the users.
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Isn't it nice? But you should annotate your ltl's as well because they are very important too.