Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.
Monkman
-
Content Count
69 -
Joined
-
Last visited
Everything posted by Monkman
-
First Impression Second Impression, after R2R on Traverse appears a bit off.
-
Thank you for pointing that out. I looked into Steph7s, indicator and some others from the Hershey tools elite trader thread. With Steph's I noticed he wants your email, then you have to get a code from him to enable the indicator etc. I am not sure what they motivations are behind that but I prefer to use indicators that work without those requirements. It appears Bigmoose, has updated his PRV indicator. I am going to import that in for Monday's trading day, and see how that works. I also have the option to get Trade Navigator back up and running, where I can get the Spyder/Mikey library. I hope its still available, added it years ago while I was trading stocks.
-
There were several laterals today. In the pm it got pretty interesting. In my chart for today, I wrote in a couple more annotations. Cleaned up my tapes a bit, and worked on connecting the tape formations, to form the tape channel. Padrotshik, and others have mentioned using Clean Page 4. I have that chart burned into my head from over the years. I understand it on one level, but in my charts it shows others that I have a lack of understanding in that area. In the chart for today, I included a clean page 4 annotation. If someone would be willing to provide an example of how to apply this concept to market day, the extra detail may help.
-
Very interesting, Jack is dam good at what he does not doubt. His long trade on bar 5 looks brutal though. It appears he held through around a 2pt loss at one point before he reversed on bar 9 to short. The volume and tape annotations appear correct to me. I am guessing he held on bar 36 because of the lateral flaw, which from my understanding he holds through flaws. So my decreasing red , on the tape fractal may be pre mature. I have made several trades in the past, but am not confident in my trading until I can consistently nest these fractals correctly real time.
-
For those that have pmed or posted here with helpful tips. I cannot thank you enough. Every little bit helps. Yesterday, I received a message that suggested I should annotate all the ten tapes, and connect them. That would alleviate the guessing of containers building to the traverse level. As pointed out, it appears I have been doing quite a bit of guess work. In the chart below I annotated the AM real time, midday and afternoon were EOD. As suggested I annotated the fastest tapes, connected them (I hope I did this correctly), and then matched the volume cycles with the tapes. I think if I can become consist with building the to block to form correct tapes, with correct volume(cycle) annotations, then it may make it much easier to label the volume for the traverses and channels.
-
FJK, I re did some of the gaussians on the chart to reflect the FTT from the 12:20 and 14:05 mark. Below is the chart. In regards to the volume cycle, I completely agree with you that volume drives the cycle. But why is it that we need confirmation of what price reflects when volume alone is inadequate to see the correct picture? For example, the 12:55, 13:00, and 13:05 bars are clearly incrementally increasing in volume. That part of the R2R 2B cycle tells us to draw a black decreasing sloping trend line in the volume pane, in order to match the current cycle. We know there are only two cycles, B2B 2R 2B, and R2R 2B 2R, both have to complete in order for a new cycle to begin. In this example, it appears that Price takes precedence over volume in reflecting the current cycle. Furthermore, a second example is during 10:35, to 10:40, to 10:45, showing incrementally decreasing volume bars, in the R2R 2B 2R part of the cycle. This again is labeled with an increasing red trend line, when volume visually shows itself to be decreasing. It appears a shift/change is also occurring at this point because of the overlap in Tapes with a change to B2B. Am I wrong on this? If not, how does one get confirmation real time that the tape fractal is correctly represented with this volume phenomenon? Thank you.
-
Chart for today, annotated EOD. Around 13:00 you have the volume that goes against the cycle. This may be an indication that some of my volume annotations are wrong. When looking back at the chart today, I was wondering how many Tapes are within the Traverse's R2R or B2B. I know that 2R or 2B there is only one Tape cycle within each Traverse. I would assume that there are two in the B2B or R2R. For example one tape cycle within R2, and one within 2R of the R2R. In the R2R traverse part of the volume cycle would the two tape cycles always show R2R 2B 2R within it? My chart shows a different picture around the 12:30 to 15:50 area, that is adding to the channel building confusion.
-
I am not sure what you mean by CP4. Could you please explain this? I found a Ninjatrader post about some code, and looks like a gold mine of information located here:http://www.elitetrader.com/vb/printthread.php?threadid=229669 Not sure which you are referring to.
-
My ES chart with real time annotations, and corrections. Volume bars scratched out with the blue lines represent what I believed to be mistakes real time, that did not show the correct picture. The laterals tripped me up quite a bit, which I am going to continue to focus upon. Building the tape fractal is still a challenge for me real time, but I think I am getting better. Below is my chart for today. BTW my time frame will be fixed soon, hopefully with the help of one of the above scripts. A couple years ago I hired a guy to help update the old one which worked, but turned out a little funky as you can see.
-
Yours works nicely. Going to upload my chart later tonight with it on my chart. The only weird thing is that it de gaps all historical bars, not just the previous day and opening bar.
-
Does anyone still use Ninjatrader for the ES? To my knowledge it does not contain a de gap function in its GUI options. By chance, has anyone coded it in that would be willing to share?
-
Ok, so basically in Mr. Black's chart he does not include the Tape fractal in his volume annotation? Just the Traverse and Channel? Had he included the Tape fractal, it would have shown the building blocks required to label the traverse correctly?
-
This chart was annotated real time today. As with other charts, in my experience, drawing the gaussians to determine the correct cycle order at the tape level can be confusing. Many times I catch mistake within a couple bars other times, the volume formations start to make less and less sense. Then that has been a red flag for me. I go back, and look at the tapes closely especially in the area of overlap between tapes. I know when the tapes overlap aka make the shift, it is during change aka R2R or B2B. Although more confusion arises when the lateral forms. With your typical tapes, FBP, SYM, Stiches, they combine to form a Tape Trend, at the Tape fractal level. With the laterals, you often have Tapes within Tapes ! Especially the laterals that seem to go on for several bars. Then, if you have a complete Tape fractal cycle, with the lateral, say the R2R 2B 2R cycle, how is one suppose to correctly draw the trend lines to represent this tape? Do you consider the lateral's upper and lower trend lines that form the Tape to represent the cycle that the volume pattern shows or do you connect the Tapes within the lateral Tape to form its own Tape trend? Below is my chart for the day with three fractals annotated. I put crosses in gaussians that were wrong real time. You can see what I thought initially, and what conclusion I came to soon after. Since there is only one correct picture according to Spyder, I hope this is close to it.
-
Is there something I am doing from the old threads or is that a general comment to everyone? BTW, thank you for your answer on volume. This is going to help many people here on TL that have been wrestling with the same question.
-
As many of you know I have been working on these methods for years. Still chugging away at the rigorous learning curve. One issue I noticed recently, in the past, and that has come into the spot light again is how to correctly label the Gaussian formation , so that price can be annotated in sync correctly to reflect it. So after reading over the quote above, for more times than I can count, Spyder states, "In other words, the 'mental image' everyone needs to develop, with respect to a tape, traverse or channel, comes not from the Price Pane, but instead resides in the Volume Pane." So Why in Mr Black's chart does he use what he sees in the Price Pane to describe the volume? Am I missing something in this picture? The volume does not appear to reflect decreasing black, and increasing black. See attached Chart
-
Updated with fixed volume annotations. If anyone has the volume marked differently, lets see it.
-
-
-
Attached is my AM chart for today. You will see that there is a point where there are two sets of gaussians for one volume formation. That was an intra day mistake, that I corrected several bars later. I am still actively working on my nesting real time so this chart is not perfect. Also included is my trading log. Its mainly just a set of notes bar by bar that I have found helpful in re iterating my mental notes. Another word of caution, my trading log is not completely inline with Jack's method. However, there is a detailed boot camp thread on elite trader where he covers this.
-
Which other threads would you recommend for providing background information on nesting fractals?
-
Hi All, Been awhile since I posted on this forum. I wanted to invite everyone to a private meetup.com group I am starting here in San Antonio, TX. I plan on having monthly meetings where we will brainstorm ES charts and do Q & A sessions. I really like these forums, and have found them very useful, but want to form a local go to group in addition to all the great resources online. I participated in the IB meetups years ago in Tucson, and found those very helpful. This group would be similar, but more focused towards active participants. If you live in the area and are interested in getting involved send me a pm for more details. - Monkman
-
I find that identify the sequences, and drawing the TLs becomes very difficult on low volulme. It seems several flaw start to form at this point making it a difficult MA process for me. Attached is my chart from the AM.
-
is this the R2R B2 R2 sequence that Spydertrader is illustrating?
-
I really appreciate your help. Very few people like yourself have gotten this trading style down, so I can't thank you enough for your comments. I suppose the issue is one of two things: The questions I am asking are not the right ones, or I am not able to see the correct answer at this point. So I think for the benefit of others, I'll continue to re read the 2009, instructions, and abstain from posting on this thread. - Monkman
-
My attempt at labeling gaussians on the tape,traverse, and channel level.