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patrader
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Everything posted by patrader
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I keep a copy pasted to one of my monitors of CP4(http://www.traderslaboratory.com/forums/attachments/34/12221d1247803502-price-volume-relationship-clean_page_4.jpg).Notice the post FTT consideration comment "Region for pt2 of forming channel:1.after FTT and 2.To the right of the RTL".It's amazing how much is contained in this one little document.I believe that a lot could be obtained by further discussion about CP4(in particular post FTT considerations in Regions for pt3 including the Region for revised pt 3 of old channel).hth
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For January Tucson '07 JHM meeting files go to post #2007. http://www.traderslaboratory.com/forums/34/price-volume-relationship-6320-201.html
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Today's chart with lateral formations added.
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Today's ES.Comments welcome especially if accompanied by my chart with "arrows" on it.lol.Thanks
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Working on annotation skills and nesting.Comments welcome
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Yes the market either FAILS to traverse(ftt's) after completing the order of events or it TRAVERSES(ve's) and continues on for another go around of events until it FAILS to traverse.Where have i read that before?LOL.Thank you spyder and gucci for your patience.
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Gucci,for a VE to create a new sequence(move to a new point 1) the VE has to occur after point 3(in this case the 2B completed) and when a trader would have been looking for an FTT but instead the market VE'ed the LTL?
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Exactly.Most important for me is knowing where the market is in its order of events and whether the market is in a dominant or non-dominant sequence of the order of events not the "color" of my non-dominant gaussian line.I call the "point" of the first R(or B) a "1.5" because that is where the dominant side of R2R(or B2B) takes control.The first R(or B) is the retrace(non-dom) and the second part (dom)of R2R(or B2B) is the reversal breaking thru the RTL of the previous container.hth
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Interesting observation.So if this chart had been degapped the 9:55 bar would be a pt 1 of the new up sequence and spydertrader would have annotated the carryover differently?
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On another note,lately i have been putting alot of effort in reference to anything "non-dominant "in order to better annotate and read this portion of the order of events.I reviewed spydertrader's more recent charts(price and volume panes) and his comments both here and in other journals.One of the reasons was i noticed that sometimes volume bars may "increase"(in relation to the previous bar) but he still annotated a non-dominant gaussian line on his chart(especially on the medium and thick lines).This at first appeared to not confirm to the gaussian volume sequences as shown on page one of this journal.What i discovered of course, was others had crossed this path before and advice had been offered. 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 Check out the "increasing" black bar at 10:05 est.First it comes after the dom red down sequence then the market forms a ftp(see number 1 scenario above) formation and breaks out on "increased" volume but this is still a non-dominant event.This "aha" explained the volume pane confusion but what about the price pane? Then i found this by spyder"Gaussian lines track dominant vs non-dominant Price Movement".Price movement? WOW.If the red down sequence is dom than this black price sequence has to be non-dom and next the dom sequence will be red and that would complete the order of events at least on this fractal.Of course, you got the nesting and possible ve's plus maybe fanning the rtl but this really helped me "see" things better.hth
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YW.Transferring correctly in this medium for me can be a challenge it appears.
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Originally Posted by cnms2 It seems that you decided that the nondominant gaussian color doesn't matter. Would you explain why does it make things easier for you? Some time ago i discovered that my charting platform had a volume study that showed the volume bars as either lite gray for decreasing volume bars or dark gray for increasing volume bars(all in relation to the previous volume bar).I found it helpful to view this study for a while because it highlited the difference between peaks and troughs quite well.JHM is based on the order of events on fractals where the the peaks and troughs indicate dominant and non-dominant market behavior.I have found it easier to read the market sentiment and fractal nesting by showing dominant market direction with black or red color and non-dominant market direction with gray color.Since i usually trade only the dominant direction (unless volatility is unusually large) it helps with entries/exits and reversals.This also highlites where the market creates a decreasing volume bar after completion of the order of events like has shown in the jokari window(good example of that is today's bar 55).hth -------------------------------------------------------------------------------- The "emphasis" i was referring to was the use of lite gray(vs.black or red) for non-dom gaussians LINES on my charts.
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"Your current 'view' of the market as transitioning from increasing to decreasing to increasing again (in terms of Volume) doesn't provide the most accurate interpretation. Instead, monitor from the standpoint of dominant to non-dominant and back to dominant again. Use the Gaussians as an 'indicator' of dominance in order to have them 'match' the trend lines. On many of my charts, the non-dominant portion of the Gaussians do not have the same color as the Volume bars tracked. In other words, the Gaussian lines track dominant vs non-dominant Price Movement, rather than Volume bar coloration. The subtle difference often sits where one finds the market 'mode'. HTH. - Spydertrader" A few portions of spydertrader's comments jumped out at me.First,NON-DOM GAUSSIANS many times DO NOT have the SAME COLOR as the volume bars tracked.Second,dom vs non-dom gaussian lines track PRICE MOVEMENT,rather that volume bar coloration.Third,use the gaussians as an "INDICATOR" of dominance.Hence the emphasis on dominant gaussians and less on non-dom gaussians as my "indicator" of market dominance.hth
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Some time ago i discovered that my charting platform had a volume study that showed the volume bars as either lite gray for decreasing volume bars or dark gray for increasing volume bars(all in relation to the previous volume bar).I found it helpful to view this study for a while because it highlited the difference between peaks and troughs quite well.JHM is based on the order of events on fractals where the the peaks and troughs indicate dominant and non-dominant market behavior.I have found it easier to read the market sentiment and fractal nesting by showing dominant market direction with black or red color and non-dominant market direction with gray color.Since i usually trade only the dominant direction (unless volatility is unusually large) it helps with entries/exits and reversals.This also highlites where the market creates a decreasing volume bar after completion of the order of events like has shown in the jokari window(good example of that is today's bar 55).hth
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today's es chart.comments welcome
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On the price pane i read the green and red lines as thin lines,olive as medium lines and dark blue as thick line.So the medium fractal completes its order of events(b2b2r2b) at 11:20. Also this is the point where the thick fractal completes the first dominant trend(B2B) and why spydertrader put the dark blue "2" there.The market needs to complete the remaining(2R2B) order of events for the thick fractal before a trader can look for change.When a trend "stretches" out a trader should be able to see the nesting of the three fractals.
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This recent comment on et seemed timely "A person learns that dominants are NOT always separated by non dominants". Forums - 3 thoughts about behavior
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#1. Order of events completed on thin line fractal(fastest fractal shown with lines) #2.The trough(10:45) location is the first decreasing red(non-dominant) bar after thin line fractal order of events completion and is immediately followed by an increasing black (dominant) volume bar.The 10:35 bar is decreasing black volume bar but price is still contained in the taped two bar formation therefore still dominant. #3.Same reasons for trough location as was given to question 2 but for nesting one slower fractal.The 10:55 bar is increasing black volume bar plus price is contained in the taped two bar formation therefore it's still dominant . #4.The orders of events was stretched out with no non-dominant order of events(faster fractal)? #5. Because of the non-dominant volume bar which broke out of the taped two bar formation #6.Because there was no non-dominant order of events completed during the last dominant order of events(faster fractal). # 7. lol .Comments welcome
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Vienna,that comment was directed to nkhoi who referred readers to the "refinement thread" (Iterative Refinement) but i believe meant Spydertrader's Jack Hershey Futures Trading Journal page 264 gaussian drill.hth
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Were you referring to this page? Forums - Spydertrader's Jack Hershey Futures Trading Journal drill&pagenumber=264
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market ends in a sym lateral again.
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Something like this ehorn?
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ehorn,then the thin lines on your price and volume panes are sub tape level annotations? such a bbt's or sub bbt's?
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Hmmm,another friday ends with a sym lateral.Gotta luv it.
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add two more sym laterals to the sym lateral pile.