eminiman414

First, thanks for your response the "this is good" is my first "decent grade" i'll say and I'm happy about it lol. None of my friends or girlfriend really understand what I am doing so it feels really good to get that as feedback. Second, I understand that those boxes/lines are just that, however i placed them at areas of interest based on what I saw from those ranges, areas to give me added focus/direction of price. The colors of the "lines" represent the levels of importance so to speak being tops, bottoms, and midpoints. I would say that I grasps the concepts of all of this stuff and if I was given a written test I would get an A. Only recently have I actually been seeing it all come together and work out in real time, mainly the movement from top to bottoms of ranges/midpoints etc. I also understand that if price enters a previous range area those levels may or may not be relevant anymore, but those boxes/lines are there because one time they were relevant and are there to keep my eyes open and sharp on what could be. I originally had "lines on my chart but only bc that's what i read to do. Find the area plot the top, bottom, mp. Still didn't see any direction. Now I can see it making sense. Like ok we are at the top of a range, what is going on? If price reverses we are headed towards...? Sometimes it will get to the mp or opposite end quick, sometimes slow, sometimes heads that way but then just gets tied up. I took few days and just watched a larger timeframe to see this movement from one level to another, go to that level nothing was doing down there and went back up to the top of the range again. Did this as more of a general viewing of price but do understand that there were swings in between those movements. I am incorrect in anything i've observed? Last, CYA mode? Googled it do you mean cover your assets? I've been watching the TF because I actually found it "easier" to locate these ranges and the movements within and between them and that is when everything kind of clicked. So I stuck with it. I originally started with the NQ but I just found so many of these ranges especially at the beginning of this year and just had far too many levels and was sort of confused. Looking back I guess the 50, and 25ish 00 areas of that range in the beginning of the year should have been my main focus. Just was finding too many levels and the TF i saw that information more clearly. What do you mean by "If you're following just TF, add at least three or four more so that you're not forcing yourself to trade something that you really ought to leave alone at the time." Are you suggesting I go back to the NQ, or add instruments I watch along with the TF? I will replay the NQ sometime tonight or tomorrow and maybe check out what I find with this new knowledge I feel as if I've obtained. Please correct me if i've made any wrong statements or just am completely off. It's not easy learning on your own and I greatly appreciate all of your help.

Analysis of 3/1 TF. Just as a disclaimer I will speak in terms of bars but only because it might be easier for anyone who would like to comment/correct/has opinions on my analysis to better follow along. I am watching a 1 tick chart along with the 1 minute chart. In the TIF thread I posted my ideas on Thursday night for Friday. I anticipated a drop from the 908 level which ended up happening during the overnight and shot down to 902 which was relatively close to the 901.2ish midpoint of the larger range. At around the open (1k CVB chart) price came back to the 904.5 area which was the midpoint of the smaller range within the upper portion of the larger range (908-893). I felt as if shorts were still favored at the moment. I'll try to be to the point with this I apologize if it gets wordy/thank you in advance for reading and any comments, corrections, or any words of wisdom. Point A: Price moved aggressively down to the 901.2 midpoint of the larger range. Highlighted are 3 bars where I will explain what I saw on the 1 tick chart. Price bounced fairly quickly off the low of the day at that moment, however as price continued to move upward I notice the speed and extent of the up waves on the 1 tick began to decrease and watched that small up move begin to fizzle out. I glanced at the 1 min quickly and saw volume start to drop off a bit as well. Price then began to decline again with the down waves increasing in size/speed (more powerful sprut down, slower shorter move back up). Price on the 1 tick chart made lower highs and lower lows as we approached the 901.2 area again. I know I don't have an official setup but since i was "favoring" the short side and I was at a predetermined level, I shorted the break of the midpoint (sim) entry at 901. Exit was either a break of the SL or 897 which was the next S level. I exited at 897. Feel like my supply line was drawn properly, but I also feel a tighter one could have been drawn? Point B: We bounced off of S/LOD rather aggressively. Watching this I said to myself will this be a technically rally and a test nearer to S or a legit more "v like" reversal. Again price moved up aggressively but began to fade with declining volume. A demand line was then drawn. Price had another quick burst up (1 tick chart) which made me start to believe price was going to continue its move upward. Again watched as move up faded slightly and broke the DL. Price did have a quick burst as it broke the DL but the break quickly faded. I know its not the break that is particularly important but how it is broken. This to me was another clue that price would move upward at least back to the 901.2 area. Price did go that way and quickly. Point C: I witnessed on the 1 tick chart again price movement or I should say traders activity began to decline (based on speed of transactions and wave structures) as price was around the 904.5 area which is the midpoint of the of the smaller range within the upper portion of the bigger range lol (just re-read that sentence). On the 1 min you can see the supply lines showing a decrease in the upward momentum and volume at that point start to decrease. All of these in combination lead me to anticipate another move downward. Somewhat of a similar scenario happened like point A on the 1 tick chart where there was a "down trend" leading to the break of the 904.5-.7 area. Price again picked up speed to the down side on the 1 tick and seen on the 1 min also with an increase in volume. Price again hits 901.2 and again saw a shift in pace/activity/volume and no push downward and again price rose. I just re-read this and realize based on a short convo with DB that maybe when I said price moves I should have said buyers or sellers instead. When watching now I think in terms of people and behavior almost like a detective/psychologist however my wording in my analysis wouldn't confirm that. To sum up i also had an inclination that the Russell was heading more towards another larger range being built. I came to this conclusion on based off the previous large up move we had in the longer term and price reaching all time highs, as well as the behaviors within those down channels. In closing I posted the 10k cvb from the TIF thread, the 1k cvb around open time, the 1 min, and the 10k cvb from the end of the day to see if anyone agrees the TF appears to be heading toward somewhat of a large range again. Thanks again! Any and all comments welcome.

I recognized that as well. The more I watch the more it makes sense. This is awesome stuff. I'm sure I'll have more questions for you! lol

I suppose the sellers are becoming more aggressive trying to retard the move up. Maybe the buyers are weakening which is allowing for that? I suppose based on what I have been studying these behaviors are important but even more so at potential s/r. If we are nearing R i suppose a reversal could be in the works, but if the buyers come back hard as well breaking a swing high lets say, then I suppose buyers are still in control despite the sellers best attempts? The more I notice these things, but yet think about them after or later at night I guess I have to say well what happened next.

So then faster directional moves show greater pressure in the direction price is traveling. Would that be greater effort, greater result? Then if price was jumping around like a mexican jumping bean around lets say a very tiny range that would be a bigger effort with little result. I can see effort/ result better when the tick chart slows down, but when it gets quick and jumpy I start to lose it alittle. I do see those strong quick directional moves let's say upward for example, but then I see a quick burst of speed downward cutting into that up wave just as fast if not sometimes faster then the up wave itself, however it does not break the swing low. What's that all about lol???

Can you explain "tick activity"? I see different up and down moves on the 1 tick chart at different speeds but I also view how my chart scrolls by as a type of movement as well. So an example my chart is scolling by at a steady pace horizontally lets say yet on the vertical scale price moves up and sideways with that same scrolling pace. I also see those spurts on the chart but not sure what to do with them yet. I have definitely observed lower volume slower pullbacks within a trend and having a 1 min chart w volume alongside has helped to show that to me.

Read through the whole TIF thread again and visually everything seems to be making a lot more sense. Price makes its way from one zone to another sometimes rapidly if nothing stands in its way and sometimes it takes a while to move to the next zone. Just depends on the traders, the pressure they exert and how interested they are in certain price levels. For tomorrow these are my levels/zones of interest for the Russell. 913.2, 910.7, 908, 904.6, 901.2 I am not making trades but beginning to devise plans/thoughts on what I would expect for the next coming day. A short at the 908 level seems to make sense as we are channeling downward. If I am understand AMT correctly if there is a test of 908 and prices decline one would expect to see 904.6 and possibly 901.2? Is that correct? The way price is moving I feel as if I larger trading range is in the works of forming. A question I have is those smaller ranges as price moved upward would those really classify as areas of interest or potential s&r? One final question. For anyone watching a 1 tick chart can you really have a particular setup using that chart? I see double tops and bottoms around key levels all the time but then price moves away from the area only to come back again/again/again then sometimes moves up from the original double bottom sometimes downward. Watching the 1 tick I am getting a much better sense of what traders are up to but I am wondering how to turn that into a setup. I can definitely detect the changes in speed/pace but have some trouble with watching those little spurts/jumps up then some slow ticks down then price takes off which makes sense to me but then I see those spurts up and some slow ticks down then price takes off downward. Sorry to ramble.

I agree. I watch it w a 1min chart as well. I've tried it in the past, watching the 1 tick, and then going back to increasing my interval a little to a 5sec or 15 sec chart, but honestly I don't like using them. I like seeing that continuous flow. I am a very active person and don't like sitting around maybe that's why I just like seeing that continuous movement. I was always drawn to the time and sale but the 1 tick gives me a much better visual just the limited view is the only real drawback.

Not sure if this would be a good thread to do this, but is anyone interested in discussing the use of the 1 tick chart? As a start I have some questions. Do you find it useful? What are you trying to accomplish/what are you looking for when using it? I can only view a max of about 4 minutes on the chart and that is when activity begins to slow down. I really do like using it but I find myself glancing maybe a little too much at the one minute chart. Is it worth it to have such a limited view? Should it be used like the time and sales, at places of potential s/r? I have posted two charts and you can see the limited view I have, however in that limited view there seems to be some very important things happening. Anyone care to analyze the two charts? Obviously hindsight and you can't see the pace or flow, but just for fun I suppose. P.S. It's two charts because I can't fit all the action in one window.

Yup! You got it. But just was showing an example of that type of riddle.

It's like the riddle a man comes into town on Friday stays two days and leaves on Friday. How does he do it? Was the answer within the riddle yes however a lot is to be implied. We should have assumed then the man and his dog, cousin, or whoever yet would be came to the bridge together then yet decided to not cross and go around the bridge. If both parties came to the railroad tracks however yet was not at the foot of the bridge with the man at the start of the crossing and never met the man at the foot of the bridge on the other side then would yet have not went across the railroad tracks alongside of the bridge not necessarily around it. Asking the question in the singular as in how did he do it as opposed to how did this happen and your reasoning was "he" applies to the man or the dog then it would change the answer to the riddle. If a man crossed a bridge, Yet went around the brigde, how did he do it? The answer then to me would be in a car, by foot etc. As in how did he cross, how did he go around? Bored at work. Silly riddle. Had my whole family involved in this one they aren't happy hahahahaha.

Yet was not capitalized

uncle. So does that make one more?

Right now the objective is trying to choose wisely the levels I focus on so I don't have a bunch of lines drawn all over my chart, plot them and watch how price reacts at those levels. If for exampleyou took the top bottom and midpoints of all those "smaller" ranges you would have quite a few lines drawn. My question was geared more towards a general discussion. I'm trying to think of how to word this because the future is unknown but would the most recent ranges be a better choice then those previous ones, is the main focus on the larger range, or are all to be noted and is it a wait and see kind of thing. I don't believe I am at the setup stage yet but ideally the general trading obdjective would be a reversaloff s/r or a breakout/breakdown of s/r then a test of the broken level.

How is one to look at all of this price movement? What are you all focusing on? Looking at the bigger range, the smaller ranges within the bigger range, or both? What levels are more "important" to focus on? I know it's just potential support/resistance and we won't know until price gets there, but where are you guys focusing your attention?

That's sort of what I was asking. That's as far as my view goes.

1. If I had to pick one or the other without regard to s/r I would say retracement as well. Participation does not seem to increase in that down wave, although it does not increase when price begins to move up as well. To me that suggests lack of interest by both parties but price is continuing to move up. Among what Niko said. Could a reversal happen sure, but I don't necessarily see a downtrend.

It did fill the space I just shrunk it dunno why? I understand the objective of detecting the pressures, but can't what happened previously help to detect that? For the purpose of the future or future reference is my screen (minus my shrinking it) showing "enough" from left to right, not that I will be placing trades, but why practice looking at something that won't be efficient to use when it's time to do this for real?

Makes sense. I watched a 1 tick chart today for the first time and I see what you mean. I liked it but I just feel like I do not see enough of the context that came before where price currently is. This is about all I can see. Is that typical? Sorry if this is the wrong thread for this question.

I meant I was at work and could not post a chart. I watch from 9:30-11:00 before I go in to work at 12. I just meant do you look more to the general movement or look for strength and weakness in the little ebbs and flows as well.

DB, in your opinion what constitutes a wave? I guess I am asking in terms of trading faster charts like a 1 tick, .25 range, or a 5second chart. As in how far up or down does price have to move to constitute a new wave in the opposite direction where it can be taken into consideration and compared to the previous waves? I hope that makes sense. A faster chart obviously you see all kinds of little movements up, down, and sideways. Not asking for a definitive rule just your opinion. At work so I can not post a chart to explain what I am trying to ask.

I've recently made somewhat of a plunge and began watching a range chart with a .25 range with volume. It's not a 1 tick chart (can not use because i can not zoom out far enough) and even though a .25 range bar chart is still a summary it has been extremely eye opening. It may seem "noisy" in the beginning but after giving it some time it has greatly helped with trading more of the Wyckoff approach. Thanks DB.

is it a revolving bridge.

I have the indicator labled sentinel ergodic. Any charts depicting its usage? I have the other indicators as well but finding it slightly difficult to get a handle on. Any up to date charts of those indicators as well?

Anyone still using this method?