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MKTr

 

Could you please explain the proper way to color volume bars? Are we coloring them red when the close is lower then the open, even if the close is higher then the prior bar? As an example, the 10:15 price bar opened at same price as close of prior bar, and closed higher, yet, you have colored it red? Shouldn't that bar be black? The 11:05 volume bar also had close above prior close and also above the open of its bar. Why do you not show that bar as black?

 

thanks

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Monday, June 21, 2010.

 

I agree. I believe that you missed a very short container that showed the markets behavior as you descride in your chart.

 

Good work.

 

MK

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MKTr

 

Could you please explain the proper way to color volume bars? Are we coloring them red when the close is lower then the open, even if the close is higher then the prior bar? As an example, the 10:15 price bar opened at same price as close of prior bar, and closed higher, yet, you have colored it red? Shouldn't that bar be black? The 11:05 volume bar also had close above prior close and also above the open of its bar. Why do you not show that bar as black?

 

thanks

 

You are asking a great question. Look at more than the Open and Close. Think in terms of the whole bar compaired to the previous whole bar as well as other contexts as appropriate. How would you describe price as translating? Not trying to be vague. The 11:05 bar, for example, clearly shows that price translated down then turned around and went up. I stubornly kling to TradeStation so I write a lot of code that others generously provide. I KNOW I have errors that need to be fixed but in this case the coloring is as "I" intended. You are asking a question that shows critical thinking and you get the benefit of learning some great stuff. My coloring scheme comes from studying IF1,IF2 and APA. It has changed several times and probably will change more. I find that writing my own code forces me to think a bit more deaply. In the case of the 11:05 bar my coloring indicates that I would intend to be short until sometime during that bar (assuming you were trading the appropriate fractal level).

 

MK

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You are asking a great question. Look at more than the Open and Close. Think in terms of the whole bar compaired to the previous whole bar as well as other contexts as appropriate. How would you describe price as translating? Not trying to be vague. The 11:05 bar, for example, clearly shows that price translated down then turned around and went up. I stubornly kling to TradeStation so I write a lot of code that others generously provide. I KNOW I have errors that need to be fixed but in this case the coloring is as "I" intended. You are asking a question that shows critical thinking and you get the benefit of learning some great stuff. My coloring scheme comes from studying IF1,IF2 and APA. It has changed several times and probably will change more. I find that writing my own code forces me to think a bit more deaply. In the case of the 11:05 bar my coloring indicates that I would intend to be short until sometime during that bar (assuming you were trading the appropriate fractal level).

 

MK

I understand what you are saying.

 

As concerns your coloring of the price bars, am I correct that the basis for the colors are always based on the immediate preceeding bar. So if price makes a lower low, it is red, if it closes inside the prior bar it is yellow, and if it makes a higher high it would be black? Not sure what rules you use for an outside bar, where price for example makes a higher high, reverses to make a lower low, and then closes inside the prior bar? It appears from looking at your charts that that bar would still be colored the same as the preceeding bar.

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this is a major paradigm shift,

so it won't be easy...

it will take a few iteration of head bashing before you can take the "rule" out of your head.

 

 

let's take a step back...

let's look at this illustration:

 

you have a 5 minute chart in front of you.

the time is 1200 noon.

the previous bar has a closing price of 1050.00.

the current bar also showing a closing price of 1050.00.

 

one tick before 1200 noon, the price was 1049.75.

one tick after 1200 noon, the price was 1050.25.

 

What knowledge have you learned from these market information?

 

Would your observation and analysis (ie coloring) be different if

the clock was one tick faster or one tick slower?

Edited by Tams

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I understand what you are saying.

 

As concerns your coloring of the price bars, am I correct that the basis for the colors are always based on the immediate preceding bar. So if price makes a lower low, it is red, if it closes inside the prior bar it is yellow, and if it makes a higher high it would be black? Not sure what rules you use for an outside bar, where price for example makes a higher high, reverses to make a lower low, and then closes inside the prior bar? It appears from looking at your charts that that bar would still be colored the same as the preceding bar.

Study post #5! The main thing is that bar coloration should emphasize price translation: (HH & HL) means translation up and the bar is green, (LL & LH) means translation down and the bar is red. Where: HL = "higher low" = the current bar's Low is Higher (>) than the previous bar's Low.

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Someone was looking for these files so I compressed uploaded them to a site for those that have lost them or have never had a chance to see them. Not sure how long they will keep them available so get ‘em while you can.

 

They are from the Tuscon January ’07 meeting, along with the “Putting the Pieces Together” Meetup from ‘06. The Putting the pieces video is just audio with a desktop screen shot, the included pdf has the transcription of the meeting with all the charts.

 

You will need WinRar to un-zip them. It has a free 40 day trial, get it here: WinRAR (64-bit) - Free software downloads and software reviews - CNET Download.com

 

Here are the files, enjoy:

 

 

http://www.filedropper.com/20070126fri0800annotatingstocks_1

http://www.filedropper.com/20070126fri0930ias-dasstocks

http://www.filedropper.com/20070126fri1100stocksbattingorder-6-06rev

http://www.filedropper.com/20070126fri1300aes-ftt-flaws

http://www.filedropper.com/20070126fri1300bes-ftt-channels

http://www.filedropper.com/20070126fri1445cont-changebarbybar

http://www.filedropper.com/20070126fri1630morebarbybar

http://www.filedropper.com/20070126sat0830es-pv

http://www.filedropper.com/20070126sat1000

http://www.filedropper.com/20070126sat1100gaussians

http://www.filedropper.com/20070126sat1130camtasia

http://www.filedropper.com/20070126sat1300theroutine

http://www.filedropper.com/20070126sat1500

http://www.filedropper.com/20070126sat1630

http://www.filedropper.com/20070126sun0830matrix-dom-sqz-str-ts

http://www.filedropper.com/20070126sun1000asweep-tick

http://www.filedropper.com/20070126sun1000bticks-handcharts-

http://www.filedropper.com/20070126mon0730realtime

http://www.filedropper.com/presentationfiles

http://www.filedropper.com/meetupsputtingthepiecestogether

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Wow, been awhile since I actually looked at these vids. Newbies can successfully refer to these vids to get the principles in place. In particular, find the cont, change video. It will really help you. This is an SCT thread, but the pace can be a bit quick for one unaccustomed to proper annotation.

 

Watch these videos, listen also very carefully to the questions asked in the background and how spyder addresses some of them.

 

Best Regards,

Oddi

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I hope that some of the newer students really take the time to read both papers and watch these videos until you know the words like your favorite movie. I have seen some posters come in and ask questions like, how do we determine what color to paint the volume histogram. Watch these vids, and every question that you think you might have about Hershey is in there.

 

I lost my collection, and Ezzy, who is one the earliest guys in this present millenia, had them. Please, please, please, download them while you can. There is not a guru who can give you more info. This however was done all free of charge.

 

Over at Elite, they are in total disarray because the real teachers in the market are now here.

 

I am not a groupie by any stretch, but if you really pay attention, money will cease to be a problem for you. The real problems will be how you can allocate all of it. PVT, SCT, then who knows.

 

Seriously, every single question I have seen asked here or over there can be answered.

 

Okay, Im done.

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A few people were having trouble viewing the videos. It's a codec issue in Windows Media Player.

 

For Windows Media Player download the K-lite Codec Full or Mega pack:

k-lite codec downloads - Free software downloads and software reviews - CNET Download.com

 

Or to skip the Microsoft issues altogether, download VLC Media Player:

VLC Media Player - Free software downloads and software reviews - CNET Download.com

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A few people were having trouble viewing the videos. It's a codec issue in Windows Media Player.

 

For Windows Media Player download the K-lite Codec Full or Mega pack:

k-lite codec downloads - Free software downloads and software reviews - CNET Download.com

 

Or to skip the Microsoft issues altogether, download VLC Media Player:

VLC Media Player - Free software downloads and software reviews - CNET Download.com

 

Here is another codec from techsmith that I used to view the vids under Window Media Player

 

TechSmith Products: Snagit Screen Capture, Camtasia Studio Screen Recorder, UserVue Remote User Research, Morae Usability Software from TechSmith

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Wednesday, June 30, 2010.

 

Can you explain the concept of NSW (non-stationary window) and what do you mean by move NSW and when do you apply that ?

 

tnx

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Can you explain the concept of NSW (non-stationary window) and what do you mean by move NSW and when do you apply that ?

 

At times you see a VE after a point 3. Usually, at this point you are now actively looking for a FTT to start a new trend in the opposite direction. However, if the VE bar closes outside the original LTL, and that bar (or another dominant bar close to it) has higher volume than any other in the trend so far, you may want to "move the NSW".

 

When you move the NSW, you are not looking for FTTs-- you still hold your position because you are now expecting further continuation.

 

In other words, instead of the more typical sequence:

 

b2b 2r 2b .. 2r 2r (new dominant red container)

pt1 pt2 pt3/pt1

 

you would instead anticipate this:

 

b2b 2r 2b .. 2r 2b (continuation of previous container)

pt1 p2 pt3 pt4 pt5

 

This is how I interpret it but could be wrong of course. Jack describes some of this in the particular video oddiduro111 recommended starting around minute 29:00.

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Peazip also extracts/uncompresses these files well, (its totally free) and avi media player is another good free media player which plays them without any problem.

 

Best wishes to everyone and thanks for all the contributions.

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A few people were having trouble viewing the videos. It's a codec issue in Windows Media Player.

 

For Windows Media Player download the K-lite Codec Full or Mega pack:

k-lite codec downloads - Free software downloads and software reviews - CNET Download.com

 

Or to skip the Microsoft issues altogether, download VLC Media Player:

VLC Media Player - Free software downloads and software reviews - CNET Download.com

 

Loaded both and still get "address not found"

Suggestions??

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Spyder - could you comment on my attached chart... it's showing a TRAVERSE level R2R2B2R sequence from July 6.

 

Specifically -

 

did I draw the volume gaussians correctly?

 

AND

 

Is using WWT? logic the only way to reject annotating the 13:00 - 13:30 range as the TRAVERSE level 2B? The logic I applied is something like... "We only see a TAPE level B2B and then price started falling again... so I guess we are still building the R2R portion of the TRAVERSE"

 

Thank you!

July62010.thumb.png.cb1a48889f7c660b39ec22380ce1527f.png

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did I draw the volume gaussians correctly?

 

No, but see cnms2's chart for a corrected version.

 

Is using WWT? logic the only way to reject annotating the 13:00 - 13:30 range as the TRAVERSE level 2B?

 

No.

 

- Spydertrader

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Hi guys, again I have to say thanks to Ezzy for keeping the PVT/SCT seminar archived. He states that he is working on putting up an absolutely stellar gaussian video from Procrast, from about that time. If you do not understand guassians fully watch it when it becomes available, and you must understand gaussians fully.

 

For the newbies who are having a little trouble about FTT and WWT go to the Saturday 1500 video where Spyder has a discussion with a learning SCT trader about FTT. It is from the 20 min to 30 minute mark.

 

Listen to every word, twice. If you can get what the sequence is that forms gaussians, then the market will slow down a great deal for you.

 

Best Regards

Oddi

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Hi guys, again I have to say thanks to Ezzy for keeping the PVT/SCT seminar archived. He states that he is working on putting up an absolutely stellar gaussian video from Procrast, from about that time. If you do not understand guassians fully watch it when it becomes available, and you must understand gaussians fully.

 

This will just about finish up the 2007 Meetups. One more is coming but it's large and taking forever to upload.

 

The first two are Pr0crast's, the one on Gaussians, and one on Resolution - Coarse, Medium and Fine. Good timing as someone was just asking about resolution levels.

 

The last two are on drawing channels. Logical Charting is more basic and was done early on. The one by Bundle has more depth. These are good for anyone new to channels. Since they are a few years old you may find some minor differences in terminology or technique.

 

 

http://www.filedropper.com/meetup2007-05-24usingesgaussians-eric

 

http://www.filedropper.com/meetup2007-4-26resolutionsufficiency-eric

 

http://www.filedropper.com/meetup2007-05-10pricevolumerelationship-cycles

 

http://www.filedropper.com/meetup2007-06-14gaussians

 

http://www.filedropper.com/channelsforbeginners-bundlemaker

 

http://www.filedropper.com/logicalcharting101presentation

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Finally! This one is about four times the size of the others. It will take a while to DL.

 

http://www.filedropper.com/meetup2007-07-26futureslogic

 

Hi Ezzy,

 

Thanks a lot for posting the videos and far more important, in keeping them all this time.

 

Can you just briefly mention what's the difference between this set and the earlier set that you posted. Were both of the 2 sets made around the same time with the same group of people ?

 

TQVM.

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Finally! This one is about four times the size of the others. It will take a while to DL.

 

http://www.filedropper.com/meetup2007-07-26futureslogic

 

Hi Ezzy,

 

Thanks a lot for posting the videos and far more important, in keeping them all this time.

 

Can you just briefly mention what's the difference between this set and the earlier set that you posted. Were both of the 2 sets made around the same time with the same group of people ?

 

Btw, I found that downloading each one at a time is more stable than trying to download a few all at once.

 

TQVM.

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