Jump to content

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.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

I have a question regarding Thursday's ES chart, for anyone.

How could we know that 13:50 wasn't the FTT ending the up channel?

 

- become

 

In my opinion the sequences weren't complete at that point in time. We still needed 2r2b on the tape fractal. See chart:

100311-MM.thumb.jpg.a283937884c6516370349d8796748510.jpg

Share this post


Link to post
Share on other sites
In my opinion the sequences weren't complete at that point in time. We still needed 2r2b on the tape fractal. See chart:

Hi FJK angd everyoone who is interested in PV Relationship

 

Bar 63 is DOJI, closes inside Bar 62 and on Increasing Black Volume. It sure looks like sequence completed here. Could you shed light how a trader should not go short on Bar 63? The up trend kept going on till the end of the day. TIA

5aa70fe628921_FJKSequencecompletion.gif.b7b8d2722e69f285a4fe60a4301e8554.gif

Share this post


Link to post
Share on other sites
In my opinion the sequences weren't complete at that point in time. We still needed 2r2b on the tape fractal. See chart:

 

Thanks for the response. I should have phrased the question more precisely.

 

How do we know, in real time, that the b2b2r2b sequence from 12:40 to 13:50 occurs on a faster fractal?

 

- become

Share this post


Link to post
Share on other sites
Could you shed light how a trader should not go short on Bar 63? The up trend kept going on till the end of the day. TIA

 

B2B coming out of the lateral.

Edited by Ezzy

Share this post


Link to post
Share on other sites

The thick purple channel is most likely a traverse. Got tired of working with skinny line weights so bumped it all up a level. Re-worked this several times, it may still be wrong so buyer beware.

5aa70fe6562c3_2010-02-12ES.thumb.png.40347da2c015804a1e65ae25473bfe2f.png

Share this post


Link to post
Share on other sites
The thick purple channel is most likely a traverse. Got tired of working with skinny line weights so bumped it all up a level. Re-worked this several times, it may still be wrong so buyer beware.

 

fwiw, that's identical to my chart - we can't both be wrong, can we? :)

Share this post


Link to post
Share on other sites

I'm reviewing some postings from past journals on ET.

Seems emphasis and perspectives have evolved to some degree. (just my opinion)

 

The FTT is the key to

the entire methodology. -Spyder

 

Spyder would you say the FTT is still the key or would it be volume sequence or something else----or is it different for each individual?

Just curious as to the perspective that time and experience has created.

Share this post


Link to post
Share on other sites
I'm reviewing some postings from past journals on ET.

 

A wealth of information exists within the previous discussions and past journals. However, one must take great care to understand the context surrounding the discussion illuminated within those old posts.

 

Seems emphasis and perspectives have evolved to some degree. (just my opinion).

 

Taking action within a five minute ES Bar (based on signals generated from a finer tool set) would appear to difer greatly (as a perspective or emphasis) than simply using Coarse Level Tools exclusively. However, in reality, the fractal on which the trader executes represents the only item which actually changes (other than the trader themself).

 

would you say the FTT is still the key or would it be volume sequence or something else----or is it different for each individual?

 

Which piece of the overall puzzle finally aligns the tumblers within a trader's mind differs greatly for each individual taking this journey just as everyone's individual mental filters differ greatly due to their own life experience. As such, one person may easily grasp the concept of Lateral Differentiation but find great dificulty recognizing Volume Sequences. Whereas, another individual cannot complete the Lateral Formation Drill, but has no problem with Volume Sequences. Each piece of the puzzle represents no more or no less an important thing to the person who has yet to overcome their own specific obstacle.

 

However, since all trends begin, and all trends end, in the exact same fashion. One need only have the ability to recognize this specific point in time in order to profit from the information provided by the market itself. As it turns out, the market signals this specific point in time by creating an FTT.

 

Knowing when the market has provided an FTT provides the trader with the signal they require to enter, exit or reverse. I'd say that's pretty important.

 

Just curious as to the perspective that time and experience has created.

 

I have already done, or a continue to do that which I have advised within the many pages of the current discussion. The market's ability to track sentiment over time has not changed since the invention of markets, nor will it change anytime in the foreseeable future.

 

Having the ability to trade profitably represents a consequence of the fully differentiated mind.

 

HTH.

 

- Spydertrader

Share this post


Link to post
Share on other sites
Hi Ezzy,

 

Do you mean " B2B" formed from Bars 67, 68, 69 and 70? TIA

 

No, you were asking about bar 63, how you would know on that bar.

 

14:20 is where I see the end of the previous move, and start of the first B2B. 14:20 - 15:20 is a higher level B2B. Sorry, I don't do bar numbers, one less thing to worry about.

 

Regards - EZ

Share this post


Link to post
Share on other sites

Bar 63 is DOJI, closes inside Bar 62 and on Increasing Black Volume. It sure looks like sequence completed here. Could you shed light how a trader should not go short on Bar 63? The up trend kept going on till the end of the day. TIA

 

In retrospect, I think volume told us that the up-trend wasen't done yet. One other thing, I believe that Spyder mentioned how he handled DOJI bars in NYC in 2009. I remember it as if he didn't 'count' the bar. If so, we have to wait for the next IBV to close outside the previous lateral. In this example, the bar gaped one tick down from the previous bar, so I'm not sure it qualifies as a 'real' DOJI. Other attendees at that meeting feel free to correct my vague memory.

 

If doing SCT, and you did go short on that bar, you would simply correct your mistake as soon as you realize your mistake - at the very latest as price break out of the lateral - by reversing long.

Share this post


Link to post
Share on other sites

How do we know, in real time, that the b2b2r2b sequence from 12:40 to 13:50 occurs on a faster fractal?

 

- become

 

The only place there is some non-dominant (red) movement (outside the lateral) is the two bars around 1250-1300. If you were to think of these as 2r in a tape, 1250 have to be point 2. It can't be, because it is still inside the previous tape (starting from 1055). My reasoning is therefore that 1240-1350 can not be anything else than a BBT.

Share this post


Link to post
Share on other sites
I believe that Spyder mentioned how he handled DOJI bars in NYC in 2009. I remember it as if he didn't 'count' the bar.

 

FWIW, I believe he was referring to a "married" doji, where the doji's open/close = prior close. There is an example 2 bars later at 14:55. 13:45 is another nearby example.

 

On the June contract 14:20 - 14:30 are all married doji's, but viewed them differently due to volume/sequences.

 

Not sure if Spyder had certain "contexts" in mind when he mentioned them. Maybe he could clarify?

Share this post


Link to post
Share on other sites

On a random topic, when anyone here is drawing Traverse and Channel lines, do you find you have to first have an annotated chart for the last several days? And then you squeeze your chart time setting so 2-5 days all fit on the screen at once, and only then annotate your Channel lines (and sometimes Traverses too if the Tapes that day are long-lasting)?

 

I find it very difficult to analyze Channel (and often Traverse) trend lines without "zooming out", was just curious if I am doing this completely incorrectly or this is what is commonly done.

 

On another topic, I've been playing with the new TN Gap Elimination Tool as well as constant trendline angle tool, and these are huge timesavers! Thanks to Spydertrader and anyone else who worked on this. I do have one feedback item (might be something I'm doing wrong), after a new day starts and the overnight gap is eliminated, my previous annotations don't get adjusted so they are off. I'm hoping there is a way for me to grab these annotations and move them up/down all at once to compensate, got to tinker with it some more. The new tools are a big help though! :)

Share this post


Link to post
Share on other sites
On a random topic, when anyone here is drawing Traverse and Channel lines, do you find you have to first have an annotated chart for the last several days? And then you squeeze your chart time setting so 2-5 days all fit on the screen at once, and only then annotate your Channel lines (and sometimes Traverses too if the Tapes that day are long-lasting)? snip....

 

I'm hoping there is a way for me to grab these annotations and move them up/down all at once to compensate, got to tinker with it some more. The new tools are a big help though! :)

 

I squeeze the chart setting too, but only to fill in past traverses, channels. Not during the trading day. Sometimes even changing it to a 10 or 15 min. The issue is when deleting past annotations to keep TN from bogging down. Depending on where we're at I may need several days of channels or traverses to keep my bearings.

 

A nice tool would be to be able to select certain days, or use a box to select areas to delete annotations. Instead of only being able to delete everything. That said, the newer version of TN doesn't seem to be as bad and I've gone a couple weeks before deleting annotations. If you haven't upgraded in a while it's worth it, plus getting the new tools.

 

Regarding moving prior annotations with the gap removal, I was under the impression they were working on it - but don't hold your breath.

 

Regards - EZ

Share this post


Link to post
Share on other sites
One little glitch when using the freeze slope tool. It works fine for trend lines. But if you use TN's trend channel, sometimes the channel will rotate at a fast rate, instead of extending/shortening. If it does that use the end of the other trend line instead.

 

There's no rhyme or reason, sometimes the LTL does it, sometimes the RTL. And it's not the top or bottom one consistently. Couldn't nail down any consistent pattern. So if grabbing one line is a problem, use the other.

 

Hi Ezzy,

 

In order to lengthen a trend channel without changing the slope, ctrl-click on the first line you drew when annotating the channel, not the cloned line. If you click on the cloned line, you'll get the rotating effect. Usually the trend channel is created by first drawing an RTL, but keep in mind that when you draw a tape to a stitch or OB, the trend channel will be created by first drawing an LTL. This is probably why you didn't see a consistent pattern.

Edited by treeline
clarity

Share this post


Link to post
Share on other sites
Hi Ezzy,

 

In order to lengthen a trend channel without changing the slope, ctrl-click on the first line you drew when annotating the channel, not the cloned line. If you click on the cloned line, you'll get the rotating effect. Usually the trend channel is created by first drawing an RTL, but keep in mind that when you draw a tape to a stitch or OB, the trend channel will be created by first drawing an LTL. This is probably why you didn't see a consistent pattern.

 

That could be it. I usually use the Channel tool for the real small tapes, stitches or taping to OB. That would flip flop the control line.

 

Thanks - EZ

Share this post


Link to post
Share on other sites
Monday 3-15 with Friday's chart re-worked.

 

Hi Ezzy and everyone who is interested in PV relationship,

 

Please see the attachment. I have 2 questions regarding the ES chart---

 

1) If the sequence of Blue container stops on 10:50 (close of) bar, how could the X be the point 1 of Pink Container?

 

2) Assumed both Blue and Pink containers are correctly annotated, how could Y (inside Blue container ) be the pt 2 in geometrical sense and Z be the real pt 2 of Pink container? TIA

5aa70fe880374_PinkandBluecontainers.gif.52472077e0d44696001fff3ae740b097.gif

Share this post


Link to post
Share on other sites
Monday 3-15 with Friday's chart re-worked.

 

See corrected chart, reworked area 15:30 Friday to 9:55 today.

 

2) Assumed both Blue and Pink containers are correctly annotated,

 

Assume nothing. I had just finished revising this, what timing. :D

5aa70fe88fc22_2010-03-15ES.thumb.png.00102829c9b8c595c6725b759d34028c.png

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • Thx for reminding us... I don't bang that drum often enough anymore Another part for consideration is who that money initially went to...
    • TDUP ThredUp stock, watch for a top of range breakout above 2.94 at https://stockconsultant.com/?TDUP
    • How long does it take to receive HFM's withdrawal via Skrill? less than 24H?
    • My wife Robin just wanted some groceries.   Simple enough.   She parked the car for fifteen minutes, and returned to find a huge scratch on the side.   Someone keyed her car.   To be clear, this isn’t just any car.   It’s a Cybertruck—Elon Musk's stainless-steel spaceship on wheels. She bought it back in 2021, before Musk became everyone's favorite villain or savior.   Someone saw it parked in a grocery lot and felt compelled to carve their hatred directly into the metal.   That's what happens when you stand out.   Nobody keys a beige minivan.   When you're polarizing, you're impossible to ignore. But the irony is: the more attention something has, the harder it is to find the truth about it.   What’s Elon Musk really thinking? What are his plans? What will happen with DOGE? Is he deserving of all of this adoration and hate? Hard to say.   Ideas work the same way.   Take tariffs, for example.   Tariffs have become the Cybertrucks of economic policy. People either love them or hate them. Even if they don’t understand what they are and how they work. (Most don’t.)   That’s why, in my latest podcast (link below), I wanted to explore the “in-between” truth about tariffs.   And like Cybertrucks, I guess my thoughts on tariffs are polarizing.   Greg Gutfield mentioned me on Fox News. Harvard professors hate me now. (I wonder if they also key Cybertrucks?)   But before I show you what I think about tariffs… I have to mention something.   We’re Headed to Austin, Texas This weekend, my team and I are headed to Austin. By now, you should probably know why.   Yes, SXSW is happening. But my team and I are doing something I think is even better.   We’re putting on a FREE event on “Tech’s Turning Point.”   AI, quantum, biotech, crypto, and more—it’s all on the table.   Just now, we posted a special webpage with the agenda.   Click here to check it out and add it to your calendar.   The Truth About Tariffs People love to panic about tariffs causing inflation.   They wave around the ghost of the Smoot-Hawley Tariff from the Great Depression like it’s Exhibit A proving tariffs equal economic collapse.   But let me pop this myth:   Tariffs don’t cause inflation. And no, I'm not crazy (despite what angry professors from Harvard or Stanford might tweet at me).   Here's the deal.   Inflation isn’t when just a couple of things become pricier. It’s when your entire shopping basket—eggs, shirts, Netflix subscriptions, bananas, everything—starts costing more because your money’s worth less.   Inflation means your dollars aren’t stretching as far as they used to.   Take the 1800s.   For nearly a century, 97% of America’s revenue came from tariffs. Income tax? Didn’t exist. And guess what inflation was? Basically zero. Maybe 1% a year.   The economy was booming, and tariffs funded nearly everything. So, why do people suddenly think tariffs cause inflation today?   Tariffs are taxes on imports, yes, but prices are set by supply and demand—not tariffs.   Let me give you a simple example.   Imagine fancy potato chips from Canada cost $10, and a 20% tariff pushes that to $12. Everyone panics—prices rose! Inflation!   Nope.   If I only have $100 to spend and the price of my favorite chips goes up, I either stop buying chips or I buy, say, fewer newspapers.   If everyone stops buying newspapers because they’re overspending on chips, newspapers lower their prices or go out of business.   Overall spending stays the same, and inflation doesn’t budge.   Three quick scenarios:   We buy pricier chips, but fewer other things: Inflation unchanged. Manufacturers shift to the U.S. to avoid tariffs: Inflation unchanged (and more jobs here). We stop buying fancy chips: Prices drop again. Inflation? Still unchanged. The only thing that actually causes inflation is printing money.   Between 2020 and 2022 alone, 40% of all money ever created in history appeared overnight.   That’s why inflation shot up afterward—not because of tariffs.   Back to tariffs today.   Still No Inflation Unlike the infamous Smoot-Hawley blanket tariff (imagine Oprah handing out tariffs: "You get a tariff, and you get a tariff!"), today's tariffs are strategic.   Trump slapped tariffs on chips from Taiwan because we shouldn’t rely on a single foreign supplier for vital tech components—especially if that supplier might get invaded.   Now Taiwan Semiconductor is investing $100 billion in American manufacturing.   Strategic win, no inflation.   Then there’s Canada and Mexico—our friendly neighbors with weirdly huge tariffs on things like milk and butter (299% tariff on butter—really, Canada?).   Trump’s not blanketing everything with tariffs; he’s pressuring trade partners to lower theirs.   If they do, everybody wins. If they don’t, well, then we have a strategic trade chess game—but still no inflation.   In short, tariffs are about strategy, security, and fairness—not inflation.   Yes, blanket tariffs from the Great Depression era were dumb. Obviously. Today's targeted tariffs? Smart.   Listen to the whole podcast to hear why I think this.   And by the way, if you see a Cybertruck, don’t key it. Robin doesn’t care about your politics; she just likes her weird truck.   Maybe read a good book, relax, and leave cars alone.   (And yes, nobody keys Volkswagens, even though they were basically created by Hitler. Strange world we live in.) Source: https://altucherconfidential.com/posts/the-truth-about-tariffs-busting-the-inflation-myth    Profits from free accurate cryptos signals: https://www.predictmag.com/       
    • No, not if you are comparing apples to apples. What we call “poor” is obviously a pretty high bar but if you’re talking about like a total homeless shambling skexie in like San Fran then, no. The U.S.A. in not particularly kind to you. It is not an abuse so much as it is a sad relatively minor consequence of our optimism and industriousness.   What you consider rich changes with circumstances obviously. If you are genuinely poor in the U.S.A., you experience a quirky hodgepodge of unhelpful and/or abstract extreme lavishnesses while also being alienated from your social support network. It’s about the same as being a refugee. For a fraction of the ‘kindness’ available to you in non bio-available form, you could have simply stayed closer to your people and been MUCH better off.   It’s just a quirk of how we run the place and our values; we are more worried about interfering with people’s liberty and natural inclination to do for themselves than we are about no bums left behind. It is a slightly hurtful position and we know it; we are just scared to death of socialism cancer and we’re willing to put our money where our mouth is.   So, if you’re a bum; you got 5G, the ER will spend like $1,000,000 on you over a hangnail but then kick you out as soon as you’re “stabilized”, the logistics are surpremely efficient, you have total unchecked freedom of speech, real-estate, motels, and jobs are all natural healthy markets in perfect competition, you got compulsory three ‘R’’s, your military owns the sky, sea, space, night, information-space, and has the best hairdos, you can fill out paper and get all the stuff up to and including a Ph.D. Pretty much everything a very generous, eager, flawless go-getter with five minutes to spare would think you might need.   It’s worse. Our whole society is competitive and we do NOT value or make any kumbaya exception. The last kumbaya types we had werr the Shakers and they literally went extinct. Pueblo peoples are still around but they kind of don’t count since they were here before us. So basically, if you’re poor in the U.S.A., you are automatically a loser and a deadbeat too. You will be treated as such by anybody not specifically either paid to deal with you or shysters selling bejesus, Amway, and drugs. Plus, it ain’t safe out there. Not everybody uses muhfreedoms to lift their truck, people be thugging and bums are very vulnerable here. The history of a large mobile workforce means nobody has a village to go home to. Source: https://askdaddy.quora.com/Are-the-poor-people-in-the-United-States-the-richest-poor-people-in-the-world-6   Profits from free accurate cryptos signals: https://www.predictmag.com/ 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.