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Monkman
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Everything posted by Monkman
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Referring to the gaussian diagram, it says, "Increasing Red Gaussian until price will not go any lower within the down channel." And on the first page of this thread it says, "volume leads price always without exception." So how far in advance can you expect for volume to tell you when, "price will not go any lower within the down channel." If there is anyway to give a more specific explanation or another illustration of what "leading" volume means?
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01-17-08 08:16 AM Quote from dkm: Frequently I see increasing volume on the non dom traverse from pt2 to pt3 and then pt3 forms with decreasing volume in the dominant direction. This is not a rare occurence and it continues to confuse me. Three things create the scenario you describe. 1. Formation Break Outs (as you have in your clip) 2. 'Missed' (ommitted annotation) channels 3. Intra-Bar Gaussian Shift (Price switches from Dominant to Non-Dominant Intra-Bar) If you have any (or a combination) of the three, anticipate seeing increasing Volume on the Non-Dominant Traverse. - Spydertrader
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Attached is gaussian diagram superimposed on one of Spydertrader's annotated charts. I have drawn in two arrows that point out areas where the volume gaussians are labeled differently than the diagram. Am I blind or is this labeling clearly different? I am struggling like many others trying to get the volume annotations down. Is there anything else that can be said that would help us label these volume bars correctly? Thanks, -Monkman
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True, the information you speak of is the core at a general level. But what I am trying to figure out is how to label the gaussians correctly at the tape fractal level, and then proceed to the traverse level. If I can do this correctly, I will be able to know what price looks like, and when Change , and continuation happens with the gaussian formations. At the traverse level it seems there is more interpretation with volume formations meaning if you can have three black up bars, a decreasing red bar, then another higher black bar. At the tape fractal it reads a different sequence then that of the traverse level is what I am seeing. Is this how the volume formations on the tape and traverse level are correctly viewed?
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I want to say no, but if the 8/21 bar is changed to increasing red, that would make it R2R marking a change in trend on the traverse level. So I would then on look for it to continue out a R2B cycle. In this example, we see a continuation of R2B from the previous day. Another question: if you have an R2R on the tape fractal level, does B2 R2 have to follow or can the cycle get cut short , and change before the cycle ends? Because i'm looking at the fastest fractal, the tape, looking for it to complete its volume cycle, but what if it does not complete and an FTT forms. And then a traverse builds in the other direction. Is that possible?
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ok here is the new chart
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The blue tape appears to be completed. In that tape from previous day starting at 13:50 central time you have B2R B2R (change) R2B R2B and then R2 from 15:10 to 15:15. The blue tape goes through all the gaussian formations called for completion, and then the downward tape forms (purple) at 14:14 previous day. For the purple tape to complete you think the sequence would go R2B R2B then R2 and continue to decreasing B. Instead you have continuation of the purple tape, 15:10 to 15:15 increasing Red, but no decreasing black. Now what I think, I did wrong was not zoom out and consider the last bar from yesterday 15:15 to be an FTT of the purple tape, and point 3 of an upward traverse. When zoomed out you can see the blue tape, and purple tape fractals have ended, and the completion of the B2R traverse has also completed forming a pt3. Then at the traverse level you get increasing black on the first bar of today, which is continuation of the B2R traverse. Going to re label this so you can see what i'm saying in chart form.
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I am confused on how to label the carry over gaussians from today. Highlighted is the area in question. If anyone interpreted this area clearly, please share. - Monkman
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Today's AM chart. Looking forward to seeing how other people interpreted the day.
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This AM I felt in sync with the market. Was getting the transition points as they were happening. I am not sure if it was luck or just paying more attention to the volume bars, and formations as they develop. Instead of doing a forest view, as was taught for beginners before, I am zooming in all the way, at the tape fractal level with price and gaussians. Then as I see more unfold, I am trying to expand my picture to traverses. When thinking at the fractal level, and how it should develop, in addition to keeping in mind when the traverse will form is a lot of information to process at once. Sometimes, I think I have the right amount of gaussian formations to move from the tape, by starting to draw traverse lines, but then if I labeled the gaussians incorrectly at the tape fractal level, I encounter a problem, that requires more mental adjustments. As I have said before I think the biggest obstacle is labeling the gaussian formations correctly, since they do not develop all pretty and in order as pictured in the model.
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What is a known entity? Lost you at that point. Perhaps you are referring to B2B, which has a certain price result?
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Are there exercises to train the mind/eye how to spot the correct gaussian formations? As I look for continuation and change, the volume formations are the most difficult to interpret. For example, in a B2R trend, you see volume bars increasing real time. Then as the next bar develops, intra bar, you see it decreasing in volume, and price. At this point I am thinking change. Then the next bar, increases in B, and continues thus faking you out with the previous bar. I see this happen 1-2 bar sequences, which makes it extremely difficult to recognize when the second half of the gaussian formation is beginning to form. Is it just me having this issue or is this holding back several others as well? - Monkman
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8-6-09 with previous carry over. I think it has all the formations and tapes.
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In one of the earlier post Spyder mentions ten tapes. Not to throw people off but for the benefit of clarification, the ten examples are chart formations. Where tapes are used on top of the formations to show support and resistance. In addition, these formations occur in all fractals not just the tape aka fastest fractal. Spyder please correct me if this is not right.
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Today's AM with carry over.
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After reading over this thread a couple times, it has been reinforced that this is about self discovery. So with that said, what kind of questions would be appropriate to ask? I am already starting to wonder what truths lie in the formation we are labeling. For example, we are using only price right now, but when we begin to use volume will it tell us if a FBP will create a bearish continuation or fail on the 3rd bar where its suppose to break through to new lows from the previous two bar support? Just looking at price I have seen variations of successful b/o from a FTB/FBP, where the trend continues in the b/o direction. On the flip side, I have seen where these fail to b/o , or just reverse in price contra to the formation. Am I on track?
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Another. This time using a historical chart.
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This is my first attempt at doing the beginning drill of labeling only the price pane with tapes and formations. I did this real time during the AM, so there might be some mistakes. Any comments would help. Thanks, - Monkman